RAYONIER INC. RYN Balance Sheet

Rayonier inc. (RYN)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
ASSETS
CURRENT ASSETS
Cash and cash equivalents
132	68	56	130	154	148	146	106	92	112	104	136	219	85	110	129	76	51	65	91	139	161	182	222	156	199	260	343	266	280	215	189	236	78	362	314	317	349	405	344	74
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	75	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, less allowance for doubtful accounts of $25 and $24
28	27	26	44	32	26	43	54	37	27	39	30	33	20	24	30	27	20	19	19	19	24	28	19	111	94	124	116	105	100	109	109	97	95	106	108	97	82	114	95	103
Insurance settlement receivable (Note 8)
-	-	-	-	-	-	-	-	-	-	73	73	73	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finished goods
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	17	124	-	115	79	95	-	95	91	80	-	87	81	77	-	61	69	-
Work in progress
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2	-	3	3	2	-	6	4	2	-	8	7	7	-	6	7	-
Raw materials
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	12	-	12	14	13	-	17	14	16	-	16	17	13	-	15	13	-
Manufacturing and maintenance supplies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2	-	2	2	2	-	2	2	2	-	2	2	2	-	2	2	-
Inventory (Note 17)
13	14	8	23	26	15	26	19	19	24	24	26	27	21	16	14	17	15	14	13	13	8	12	18	141	138	133	99	113	127	121	112	102	121	114	109	101	110	86	92	88
Current deferred tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	3	31	39	62	55	66	15	-	-	-	-	-	-	-	-	-	-	-
Prepaid logging roads
-	-	-	-	-	11	-	-	-	11	-	-	-	10	-	-	-	10	-	-	-	12	-	-	-	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses
14	14	14	20	17	5	15	15	16	4	16	14	14	1	12	13	12	2	-	-	-	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets held for sale (Note 18)
-	-	-	-	-	-	-	-	24	-	0	0	9	23	47	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
0	0	0	0	0	0	2	2	4	3	3	4	8	1	3	6	1	5	-	-	-	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	11	21	1	0	192
Prepaid and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	21	18	-	23	21	54	33	59	67	38	41	78	89	62	48	63	72	50	45	53	62	49
Total current assets
189	125	106	220	230	207	234	198	196	183	260	285	384	164	214	194	135	105	123	145	190	213	251	360	495	519	641	682	590	566	525	500	498	344	648	605	577	609	661	594	509
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION
2,355	2,482	2,408	2,392	2,395	2,401	2,386	2,406	2,424	2,462	2,492	2,509	2,280	2,291	2,325	2,306	2,063	2,066	2,038	2,086	2,073	2,088	2,058	2,117	2,067	2,049	2,103	2,080	1,565	1,573	1,489	1,496	1,504	1,503	1,192	1,129	1,133	1,137	1,130	1,146	1,188
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 7)
88	81	89	77	76	85	79	86	87	80	79	74	73	70	70	68	66	65	67	69	71	77	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PROPERTY, PLANT AND EQUIPMENT
Land
4	4	4	4	4	4	4	3	3	3	3	2	2	2	1	1	1	1	1	1	1	1	1	1	20	20	23	22	21	27	29	28	26	26	26	26	24	24	24	24	24
Buildings
22	23	22	22	22	22	23	23	24	23	24	8	8	7	9	9	9	9	8	8	8	8	8	8	188	180	184	166	134	147	143	143	144	140	131	131	132	129	127	125	126
Machinery and equipment
4	4	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3	3	3	3	3	3	3	3	1,756	1,760	1,761	1,644	1,389	1,444	1,412	1,403	1,350	1,355	1,343	1,381	1,361	1,318	1,329	1,318	1,275
Construction in progress
0	0	1	0	0	0	0	0	0	0	1	15	11	8	4	2	1	1	0	0	0	0	0	0	32	19	17	123	327	268	218	145	157	96	63	-	-	33	-	-	-
Total property, plant and equipment, gross
31	31	31	30	31	30	32	32	32	32	32	31	26	23	19	17	16	15	14	14	14	14	14	13	1,999	1,981	1,986	1,958	1,872	1,887	1,803	1,721	1,679	1,619	1,565	1,540	1,518	1,506	1,481	1,469	1,427
Less — accumulated depreciation
9	9	9	8	8	7	9	9	9	9	9	9	9	9	8	8	9	9	8	8	8	8	7	7	1,137	1,120	1,118	1,105	1,112	1,180	1,173	1,158	1,157	1,157	1,144	1,131	1,123	1,121	1,109	1,097	1,082
Total property, plant and equipment, net
21	22	22	22	22	22	22	22	23	23	23	21	16	14	11	9	6	6	6	6	6	6	6	6	861	860	868	852	760	707	629	562	522	461	420	408	394	385	371	371	344
RESTRICTED CASH (NOTE 18)
0	1	2	3	9	8	45	69	84	59	10	11	111	71	-	-	-	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
RIGHT-OF-USE ASSETS (NOTE 3)
91	99	97	104	105	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
INVESTMENT IN JOINT VENTURE (Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	73	72	70	64	74	69	80	77	70	68	65	63	50
OTHER ASSETS
40	47	40	41	43	55	72	66	61	49	45	49	51	73	50	53	59	47	79	57	70	66	161	148	217	256	205	212	211	203	198	192	195	190	153	141	149	162	163	176	158
TOTAL ASSETS
2,787	2,860	2,767	2,861	2,884	2,780	2,842	2,851	2,878	2,858	2,911	2,952	2,918	2,685	2,671	2,632	2,332	2,315	2,314	2,366	2,412	2,453	2,477	2,631	3,642	3,685	3,818	3,828	3,202	3,122	2,913	2,816	2,793	2,569	2,494	2,361	2,324	2,363	2,392	2,352	2,252
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable
20	18	19	24	25	18	22	27	27	25	27	28	30	22	23	22	22	21	19	22	22	20	23	27	86	69	98	133	108	70	91	72	100	72	68	67	76	57	50	64	58
Insurance settlement payable (Note 8)
-	-	-	-	-	-	-	-	-	-	73	73	73	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current maturities of long-term debt (Note 6)
0	82	-	-	-	0	0	0	0	3	0	31	42	31	31	-	12	0	0	30	130	129	130	0	114	112	10	75	50	150	41	0	50	28	116	116	93	93	-	-	4
Accrued taxes
3	3	8	5	4	3	7	5	3	3	7	5	3	2	6	5	4	3	17	15	12	11	14	13	11	8	20	20	30	13	64	40	17	5	22	18	-	-	-	-	11
Uncertain tax positions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5	-	10	-	-	-	0	-	-	-	-	-	16	-	-	-	-	-
Accrued payroll and benefits
3	8	6	5	4	10	8	6	3	9	7	5	3	9	6	5	3	7	5	4	2	6	6	5	19	24	26	20	18	28	25	23	20	26	24	21	-	25	-	-	23
Accrued interest
8	5	7	4	8	5	7	4	8	5	8	5	8	5	8	5	7	6	8	8	9	8	10	9	13	9	13	9	11	7	17	18	11	7	11	6	11	6	11	6	6
Deferred revenue
6	11	15	19	8	10	13	17	7	9	-	-	-	9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued customer incentives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	10	9	10	10	8	10	9	7	7	10	9	8	7	9	13	9	25
Accrued professional fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10
Other current liabilities
26	22	26	25	27	16	21	21	15	11	26	29	20	11	23	29	19	21	30	31	19	25	26	28	35	24	51	51	25	17	28	24	16	17	35	36	60	40	87	85	22
Current liabilities for dispositions and discontinued operations (Note 17)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	6	6	8	8	8	8	8	9	9	9	11	11	11	11	11	11	10
Total current liabilities
69	151	83	86	78	63	81	83	65	68	150	178	182	91	100	68	68	59	81	112	196	202	211	91	297	276	239	330	260	307	287	196	233	178	300	302	260	244	175	177	175
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS (NOTE 6)
1,055	973	972	972	972	972	972	972	996	1,022	1,030	1,033	1,028	1,030	1,033	1,052	857	830	791	722	612	621	605	770	1,393	1,461	1,646	1,591	1,150	1,120	967	1,018	973	819	658	581	602	675	766	764	694
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS (Note 17)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	67	69	67	69	71	73	75	76	79	80	75	76	79	81	80	83	87
PENSION AND OTHER POSTRETIREMENT BENEFITS (NOTE 15)
24	25	23	29	29	29	28	30	31	31	31	31	31	31	34	34	34	34	33	33	33	33	22	24	95	95	158	158	158	159	140	140	140	140	65	65	65	66	111	111	111
LONG-TERM LEASE LIABILITY (NOTE 3)
83	90	88	93	95	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OTHER NON-CURRENT LIABILITIES
155	83	82	78	67	60	58	51	49	43	42	40	28	34	54	56	36	30	32	20	21	20	27	30	31	27	21	27	21	23	25	24	24	27	27	32	43	44	35	34	37
COMMITMENTS AND CONTINGENCIES (NOTES 8 and 10)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-
SHAREHOLDERS’ EQUITY
Common Shares, 480,000,000 shares authorized,129,181,239 and 129,331,069 shares issued and outstanding
889	888	886	884	886	884	882	880	878	872	870	868	865	709	707	706	704	708	707	694	703	702	700	698	694	692	687	679	673	670	662	640	634	630	619	615	608	602	594	580	561
Retained earnings
570	583	602	645	662	672	705	716	715	707	675	683	689	700	683	674	595	612	657	743	776	790	820	887	994	1,015	995	1,000	968	876	855	829	810	806	799	743	731	717	701	679	663
Accumulated other comprehensive loss (Note 19)
-147	-31	-63	-29	-5	0	12	16	37	13	12	20	5	0	-30	-44	-43	-33	-55	-34	-15	-4	3	30	-30	-46	-93	-116	-102	-109	-100	-109	-103	-113	-51	-56	-66	-68	-73	-77	-79
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY
1,313	1,439	1,425	1,500	1,542	1,556	1,600	1,613	1,631	1,593	1,558	1,571	1,560	1,411	1,361	1,336	1,256	1,288	1,308	1,404	1,465	1,488	1,524	1,617	1,658	1,661	1,589	1,563	1,539	1,438	1,417	1,360	1,342	1,323	1,368	1,302	1,273	1,251	1,222	1,181	1,146
Noncontrolling interest
86	97	90	99	98	97	100	99	104	99	98	96	86	85	87	83	79	73	67	73	82	86	86	98	98	94	95	86	-	0	-	-	-	-	-	-	-	-	-	-	-
TOTAL SHAREHOLDERS’ EQUITY
1,399	1,537	1,515	1,600	1,641	1,654	1,701	1,712	1,736	1,692	1,657	1,668	1,647	1,496	1,448	1,420	1,335	1,361	1,376	1,477	1,548	1,575	1,610	1,715	1,757	1,755	1,684	1,650	-	1,438	-	-	-	-	-	-	-	-	-	-	-
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
2,787	2,860	2,767	2,861	2,884	2,780	2,842	2,851	2,878	2,858	2,911	2,952	2,918	2,685	2,671	2,632	2,332	2,315	2,314	2,366	2,412	2,453	2,477	2,631	3,642	3,685	3,818	3,828	3,202	3,122	2,913	2,816	2,793	2,569	2,494	2,361	2,324	2,363	2,392	2,352	2,252