Rayonier inc. (RYN)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
SALES (NOTE 2)

259,130

178,793

156,417

184,800

191,546

166,146

200,890

245,906

203,196

239,722

184,419

200,964

194,491

248,101

171,421

261,550

134,843

161,037

151,657

115,801

140,305

147,360

149,829

163,145

143,187

-48,151

159,261

154,889

393,719

-692,222

386,163

348,096

336,571

320,741

385,091

357,397

357,731

315,308

377,515

312,210

310,200

300,648

278,698

Costs and Expenses
Cost of sales

209,499

140,182

134,463

140,454

143,251

139,092

143,261

184,418

138,488

149,832

136,983

144,610

136,828

163,650

116,624

138,194

107,971

114,751

116,044

103,689

107,234

126,776

118,088

123,096

115,900

7,891

129,002

127,861

266,018

-433,001

259,201

243,571

235,708

219,830

266,184

262,772

257,511

245,103

269,203

242,940

232,853

231,836

216,674

Selling and general expenses

9,968

10,750

10,102

10,984

9,810

10,646

10,800

11,502

9,003

10,473

9,936

10,246

9,590

11,147

10,607

11,252

9,779

11,436

10,689

12,727

10,898

11,979

8,806

13,861

13,237

11,527

13,104

14,703

16,099

7,999

15,476

15,892

19,265

17,064

15,762

15,992

16,433

17,838

17,125

15,172

16,967

15,972

14,349

Other operating (expense) income, net (Note 16)

-1,111

-1,734

-865

-1,969

35

-1,437

-451

1,659

1,369

649

1,771

785

1,188

-11,780

5,499

9,463

5,904

-19,115

2,855

7,138

5,574

5,603

9,144

11,389

375

8,546

2,814

3,624

3,503

10,883

-306

5,295

1,139

-1,786

4,171

-709

2,118

3,899

792

1,260

4,568

59,251

87,165

Costs and Expenses, Total

220,578

152,666

145,430

153,407

153,026

151,175

154,512

194,261

146,122

159,656

145,148

154,071

145,230

186,577

121,732

139,983

111,846

145,302

123,878

109,278

112,558

133,152

117,750

125,568

128,762

10,872

139,292

138,940

278,614

-435,885

274,983

254,168

253,834

238,680

277,775

279,473

271,826

259,042

285,536

256,852

245,252

188,557

143,858

OPERATING INCOME

38,552

26,127

10,987

31,393

38,520

14,971

46,378

51,645

57,074

80,066

39,271

46,893

49,261

61,524

49,689

121,567

22,997

15,735

27,779

6,523

27,747

14,208

32,079

37,577

14,425

-59,023

19,969

32,351

115,363

-256,036

111,246

94,098

82,750

82,333

108,310

79,073

87,578

56,665

92,082

56,344

76,860

111,148

134,238

Equity in income of New Zealand joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

304

258

301

66

170

13

272

994

1,149

1,673

399

103

986

-455

-943

-602

OPERATING INCOME BEFORE GAIN RELATED TO CONSOLIDATION OF NEW ZEALAND JOINT VENTURE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,969

16,253

-

-

111,246

94,098

-

-

-

-

-

56,665

92,082

56,344

64,493

111,148

134,238

Gain related to consolidation of New Zealand joint venture (Note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

16,098

-

-

0

0

-

-

-

-

-

0

0

0

12,367

-

-

Interest expense

8,216

8,088

7,996

7,922

7,710

8,074

7,838

8,102

8,052

8,472

8,553

8,631

8,415

8,642

8,544

7,961

7,098

7,091

7,581

8,483

8,544

8,395

9,566

15,612

10,675

11,050

10,823

11,351

7,717

6,692

8,253

16,056

11,825

12,474

12,356

12,628

13,317

12,784

12,943

12,250

12,486

12,789

12,248

Interest and other miscellaneous (expense) income, net

-209

2,130

788

1,057

1,332

544

495

2,905

620

190

1,128

4

518

417

258

249

-1,622

1,245

-1,558

-1,196

-1,494

-2,069

-1,734

-4,385

-1,011

612

-914

2,684

57

187

234

84

-23

-95

331

314

293

374

345

408

188

310

216

INCOME BEFORE INCOME TAXES

30,127

20,169

3,779

24,528

32,142

7,441

39,035

46,448

49,642

71,784

31,846

38,266

41,364

53,299

41,403

113,855

14,277

9,889

18,640

-3,156

17,709

3,744

20,779

17,580

2,739

-69,461

8,232

23,684

107,703

-262,541

103,227

78,126

70,902

69,764

96,285

66,759

74,554

44,255

79,484

44,502

64,562

98,669

122,206

Income tax expense (Note 9)

3,706

2,732

2,251

3,608

4,349

2,794

8,396

7,110

6,936

4,864

3,043

7,493

6,281

2,790

779

2,276

-781

449

-541

-296

-471

-4,281

-11,280

13,556

-7,596

-17,375

-6,808

-15,947

4,445

-81,347

23,949

12,035

18,303

12,865

-8,624

10,305

16,142

-14,916

16,580

5,944

7,609

17,529

14,453

INCOME FROM CONTINUING OPERATIONS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,025

32,059

4,024

10,335

-52,086

15,040

39,631

103,258

-181,194

79,278

66,091

52,599

-

-

-

-

-

-

-

-

-

-

DISCONTINUED OPERATIONS, NET (Note 23)
Income from discontinued operations, net of income tax expense of $0, $0 and $20,578

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

311

0

12,084

31,008

131,891

43,327

48,260

44,477

256,803

1,282

2,988

838

-

-

-

-

-

-

-

-

-

-

NET INCOME

26,421

17,437

1,528

20,920

27,793

4,647

30,639

39,338

42,706

66,920

28,803

30,773

35,083

50,509

40,624

111,579

15,058

9,440

19,181

-2,860

18,180

8,336

32,059

16,108

41,343

79,805

58,367

87,891

147,735

-

80,560

69,079

-

-

-

-

-

-

-

-

-

-

-

Less: Net income attributable to noncontrolling interest

567

1,445

1,961

2,168

2,999

2,660

7,207

3,080

2,167

2,770

4,115

4,612

1,240

2,185

1,269

1,758

586

-845

-488

-1,324

433

-521

-642

-245

-83

153

1,022

727

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

NET INCOME ATTRIBUTABLE TO RAYONIER INC.

25,854

15,992

-433

18,752

24,794

1,987

23,432

36,258

40,539

64,150

24,688

26,161

33,843

48,324

39,355

109,821

14,472

10,285

19,669

-1,536

17,747

8,857

32,701

16,353

41,426

79,652

57,345

87,164

147,735

75,609

80,560

69,079

53,437

56,230

104,909

56,454

58,412

59,171

62,904

38,558

56,953

81,140

107,753

OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation adjustment, net of income tax effect of $0, and $0

-44,023

29,058

-28,524

-5,604

6,033

7,840

-10,527

-29,760

9,688

-7,485

-7,317

21,484

2,432

-21,723

12,022

13,219

2,804

20,637

-13,370

-25,395

-14,323

710

-37,877

3,517

17,803

-2,743

24,259

-28,201

975

1,235

5,373

-8,081

5,825

-7,768

3,584

7,442

288

4,224

3,198

-2,045

-1,215

2,620

15,825

Cash flow hedges, net of income tax effect of $1,857 and $335

-83,475

12,147

-12,424

-19,519

-10,686

-16,257

4,142

529

16,615

7,290

-2,162

-1,988

2,553

44,877

4,195

-12,476

-13,774

8,022

-14,120

-2,917

-946

848

-3,494

-920

1,711

-580

3,433

222

554

128

878

-1,998

1,205

-

-630

699

-

-

-

-

-

-

-

Amortization of pension and postretirement plans, net of income tax expense of $0 and $0

-217

1,238

112

112

-112

2,153

-542

178

-159

556

-116

-116

-116

-3,652

-632

-632

-617

-519

-890

-743

-781

9,189

-2,265

-58,873

-2,097

-49,544

-3,639

-3,717

-4,969

10,438

-3,401

-3,401

-3,140

48,525

-2,261

-2,094

2,093

-12,234

1,210

535

4,104

1,170

691

Total other comprehensive loss

-127,281

39,519

-40,836

-25,011

-4,541

-9,842

-6,927

-29,053

26,462

-751

-9,363

19,612

5,101

26,806

16,849

1,375

-10,353

29,178

-26,600

-27,569

-14,488

-7,631

-39,106

61,470

21,611

46,221

31,331

-24,262

6,498

-9,075

9,652

-6,678

10,170

-62,354

5,215

10,235

1,814

-

-

-

-

-

-

COMPREHENSIVE (LOSS) INCOME

-100,860

56,956

-39,308

-4,091

23,252

-5,195

23,712

10,285

69,168

66,169

19,440

50,385

40,184

77,315

57,473

112,954

4,705

38,618

-7,419

-30,429

3,692

705

-7,047

77,578

62,954

126,026

89,698

63,629

154,233

-

90,212

62,401

-

-

-

-

-

-

-

-

-

-

-

Less: Comprehensive loss (income) attributable to noncontrolling interest

-10,661

8,949

-5,169

815

4,551

4,926

4,533

-5,011

4,483

1,240

2,289

9,595

1,651

5,245

3,649

4,410

-3,749

5,858

-5,363

-9,731

-3,791

242

-12,426

297

5,425

-639

8,594

-9,505

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

New Zealand joint venture cash flow hedges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-567

-

-104

816

209

968

-277

COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.

-90,199

48,007

-34,139

-4,906

18,701

-10,121

19,179

15,296

64,685

64,929

17,151

40,790

38,533

72,070

53,824

108,544

8,454

32,760

-2,056

-20,698

7,483

463

5,379

77,281

57,529

126,665

81,104

73,134

154,233

66,534

90,212

62,401

63,607

-6,124

110,124

66,689

60,226

63,847

67,208

37,864

60,051

85,898

123,992

Basic earnings per share attributable to Rayonier Inc.
Continuing Operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.07

0.26

0.03

0.08

-0.42

0.11

0.31

0.83

-1.48

0.65

0.54

0.43

-

-

-

-

-

-

-

-

-

-

Discontinued Operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.01

0.00

0.10

0.25

1.05

0.34

0.38

0.36

2.09

0.01

0.02

0.01

-

-

-

-

-

-

-

-

-

-

Basic (loss) earnings per share attributable to Rayonier Inc. (in dollars per share)

0.20

0.13

0.00

0.14

0.19

0.02

0.18

0.28

0.31

0.51

0.19

0.20

0.27

0.39

0.32

0.90

0.12

0.08

0.16

-0.01

0.14

0.06

0.26

0.13

0.33

0.63

0.45

0.69

1.19

0.61

0.66

0.56

0.44

0.47

0.86

0.46

0.48

0.10

0.52

0.48

0.71

1.03

1.37

Diluted earnings per share attributable to Rayonier Inc.
Continuing Operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.07

0.25

0.03

0.08

-0.40

0.11

0.30

0.79

-1.41

0.61

0.52

0.41

-

-

-

-

-

-

-

-

-

-

Discontinued Operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.09

0.24

1.02

0.33

0.37

0.34

2.00

0.01

0.02

0.01

-

-

-

-

-

-

-

-

-

-

Diluted (loss) earnings per share attributable to Rayonier Inc. (in dollars per share)

0.20

0.13

0.00

0.14

0.19

0.02

0.18

0.28

0.31

0.50

0.19

0.20

0.27

0.40

0.32

0.89

0.12

0.08

0.16

-0.01

0.14

0.07

0.25

0.12

0.32

0.62

0.44

0.67

1.13

0.59

0.62

0.54

0.42

0.44

0.84

0.45

0.47

0.09

0.51

0.48

0.71

1.01

1.35

Dividends declared per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.25

0.25

0.25

-

0.25

0.25

0.25

-

0.25

0.25

0.25

-

0.80

0.49

0.49

-

0.49

-

-

-

-

-

0.40

-

0.40

0.36

0.36

-

0.33

0.50

-

-

-

Basic earnings per share, pro forma

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.32

-

-

-

Diluted earnings per share, pro forma

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.32

-

-

-

Dividends per share, pro forma

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.33

-

-

-