RAYONIER INC. RYN Income Statement

Rayonier inc. (RYN)

Income statement / 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	Mar'10	Sep'09	Jun'09
SALES (NOTE 2)
779,140	711,556	698,909	743,382	804,488	816,138	889,714	873,243	828,301	819,596	827,975	814,977	875,563	815,915	728,851	709,087	563,338	568,800	555,123	553,295	600,639	603,521	408,010	417,442	409,186	659,718	15,647	242,549	435,756	378,608	1,391,571	1,390,499	1,399,800	1,420,960	1,415,527	1,407,951	1,362,764	1,315,233	1,300,573	1,201,756	0	0	0
Costs and Expenses
Cost of sales
624,598	558,350	557,260	566,058	610,022	605,259	615,999	609,721	569,913	568,253	582,071	561,712	555,296	526,439	477,540	476,960	442,455	441,718	453,743	455,787	475,194	483,860	364,975	375,889	380,654	530,772	89,880	220,079	335,789	305,479	958,310	965,293	984,494	1,006,297	1,031,570	1,034,589	1,014,757	990,099	976,832	924,303	0	0	0
Selling and general expenses
41,804	41,646	41,542	42,240	42,758	41,951	41,778	40,914	39,658	40,245	40,919	41,590	42,596	42,785	43,074	43,156	44,631	45,750	46,293	44,410	45,544	47,883	47,431	51,729	52,571	55,433	51,905	54,277	55,466	58,632	67,697	67,983	68,083	65,251	66,025	67,388	66,568	67,102	65,236	62,460	0	0	0
Other operating (expense) income, net (Note 16)
-5,679	-4,533	-4,236	-3,822	-194	1,140	3,226	5,448	4,574	4,393	-8,036	-4,308	4,370	9,086	1,751	-893	-3,218	-3,548	21,170	27,459	31,710	26,511	29,454	23,124	15,359	18,487	20,824	17,704	19,375	17,011	4,342	8,819	2,815	3,794	9,479	6,100	8,069	10,519	65,871	152,244	0	0	0
Costs and Expenses, Total
672,081	604,529	603,038	612,120	652,974	646,070	654,551	645,187	604,997	604,105	631,026	607,610	593,522	560,138	518,863	521,009	490,304	491,016	478,866	472,738	489,028	505,232	382,952	404,494	417,866	567,718	120,961	256,652	371,880	347,100	1,021,665	1,024,457	1,049,762	1,067,754	1,088,116	1,095,877	1,073,256	1,046,682	976,197	834,519	0	0	0
OPERATING INCOME
107,059	107,027	95,871	131,262	151,514	170,068	235,163	228,056	223,304	215,491	196,949	207,367	282,041	255,777	209,988	188,078	73,034	77,784	76,257	80,557	111,611	98,289	25,058	12,948	7,722	108,660	-88,353	2,924	64,671	32,058	370,427	367,491	352,466	357,294	331,626	315,398	292,669	281,951	336,434	378,590	0	0	0
Equity in income of New Zealand joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	562	863	929	795	550	521	1,449	2,428	4,088	4,215	3,324	3,161	1,033	-309	-1,014	0	0	0
OPERATING INCOME BEFORE GAIN RELATED TO CONSOLIDATION OF NEW ZEALAND JOINT VENTURE
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	269,584	324,067	366,223	0	0	0
Gain related to consolidation of New Zealand joint venture (Note 7)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	12,367	0	0	0	-	-
Interest expense
32,222	31,716	31,702	31,544	31,724	32,066	32,464	33,179	33,708	34,071	34,241	34,232	33,562	32,245	30,694	29,731	30,253	31,699	33,003	34,988	42,117	44,248	46,903	48,160	43,899	40,941	36,583	34,013	38,718	42,826	48,608	52,711	49,283	50,775	51,085	51,672	51,294	50,463	50,468	49,773	0	0	0
Interest and other miscellaneous (expense) income, net
3,766	5,307	3,721	3,428	5,276	4,564	4,210	4,843	1,942	1,840	2,067	1,197	1,442	-698	130	-1,686	-3,131	-3,003	-6,317	-6,493	-9,682	-9,199	-6,518	-5,698	1,371	2,439	2,014	3,162	562	482	200	297	527	843	1,312	1,326	1,420	1,315	1,251	1,122	0	0	0
INCOME BEFORE INCOME TAXES
78,603	80,618	67,890	103,146	125,066	142,566	206,909	199,720	191,538	183,260	164,775	174,332	249,921	222,834	179,424	156,661	39,650	43,082	36,937	39,076	59,812	44,842	-28,363	-40,910	-34,806	70,158	-122,922	-27,927	26,515	-10,286	322,019	315,077	303,710	307,362	281,853	265,052	242,795	232,803	287,217	329,939	0	0	0
Income tax expense (Note 9)
12,297	12,940	13,002	19,147	22,649	25,236	27,306	21,953	22,336	21,681	19,607	17,343	12,126	5,064	2,723	1,403	-1,169	-859	-5,589	-16,328	-2,476	-9,601	-22,695	-18,223	-47,726	-35,685	-99,657	-68,900	-40,918	-27,060	67,152	34,579	32,849	30,688	2,907	28,111	23,750	15,217	47,662	45,535	0	0	0
INCOME FROM CONTINUING OPERATIONS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54,443	-5,668	-22,687	12,920	105,843	-23,265	40,973	67,433	16,774	0	0	0	-	-	-	-	-	-	-	-	-	-
DISCONTINUED OPERATIONS, NET (Note 23)
Income from discontinued operations, net of income tax expense of $0, $0 and $20,578
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,403	174,983	218,310	254,486	267,955	392,867	350,822	305,550	261,911	0	0	0	-	-	-	-	-	-	-	-	-	-
NET INCOME
66,306	67,678	54,888	83,999	102,417	117,330	179,603	177,767	169,202	161,579	145,168	156,989	237,795	217,770	176,701	155,258	40,819	43,941	42,837	55,715	74,683	97,846	169,315	195,623	267,406	373,798	374,553	385,265	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Less: Net income attributable to noncontrolling interest
6,141	8,573	9,788	15,034	15,946	15,114	15,224	12,132	13,664	12,737	12,152	9,306	6,452	5,798	2,768	1,011	-2,071	-2,224	-1,900	-2,054	-975	-1,491	-817	847	1,819	1,902	1,749	727	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
NET INCOME ATTRIBUTABLE TO RAYONIER INC.
60,165	59,105	45,100	68,965	86,471	102,216	164,379	165,635	155,538	148,842	133,016	147,683	231,343	211,972	173,933	154,247	42,890	46,165	44,737	57,769	75,658	99,337	170,132	194,776	265,587	371,896	367,853	391,068	372,983	278,685	259,306	283,655	271,030	276,005	278,946	236,941	219,045	217,586	239,555	284,404	0	0	0
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation adjustment, net of income tax effect of $0, and $0
-49,093	963	-20,255	-2,258	-26,414	-22,759	-38,084	-34,874	16,370	9,114	-5,124	14,215	5,950	6,322	48,682	23,290	-15,324	-32,451	-52,378	-76,885	-47,973	-15,847	-19,300	42,836	11,118	-5,710	-1,732	-20,618	-498	4,352	-4,651	-6,440	9,083	3,546	15,538	15,152	5,665	4,162	2,558	15,185	0	0	0
Cash flow hedges, net of income tax effect of $1,857 and $335
-103,271	-30,482	-58,886	-42,320	-22,272	5,029	28,576	22,272	19,755	5,693	43,280	49,637	39,149	22,822	-14,033	-32,348	-22,789	-9,961	-17,135	-6,509	-4,512	-1,855	-3,283	3,644	4,786	3,629	4,337	1,782	-438	213	-545	-724	0	-	0	0	-	-	-	-	-	-	-
Amortization of pension and postretirement plans, net of income tax expense of $0 and $0
1,245	1,350	2,265	1,611	1,677	1,630	33	459	165	208	-4,000	-4,516	-5,032	-5,533	-2,400	-2,658	-2,769	-2,933	6,775	5,400	-52,730	-54,046	-112,779	-114,153	-58,997	-61,869	-1,887	-1,649	-1,333	496	38,583	39,723	41,030	46,263	-14,496	-11,025	-8,396	-6,385	7,019	6,500	0	0	0
Total other comprehensive loss
-153,609	-30,869	-80,230	-46,321	-50,363	-19,360	-10,269	-12,705	35,960	14,599	42,156	68,368	50,131	34,677	37,049	-6,400	-35,344	-39,479	-76,288	-88,794	245	36,344	90,196	160,633	74,901	59,788	4,492	-17,187	397	4,069	-49,210	-53,647	-36,734	-45,090	0	0	0	-	-	-	-	-	-
COMPREHENSIVE (LOSS) INCOME
-87,303	36,809	-25,342	37,678	52,054	97,970	169,334	165,062	205,162	176,178	187,324	225,357	287,926	252,447	213,750	148,858	5,475	4,462	-33,451	-33,079	74,928	134,190	259,511	356,256	342,307	433,586	397,772	370,475	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Less: Comprehensive loss (income) attributable to noncontrolling interest
-6,066	9,146	5,123	14,825	8,999	8,931	5,245	3,001	17,607	14,775	18,780	20,140	14,955	9,555	10,168	1,156	-12,985	-13,027	-18,643	-25,706	-15,678	-6,462	-7,343	13,677	3,875	-1,550	-911	-9,505	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
New Zealand joint venture cash flow hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1,889	1,716	0	0	0
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.
-81,237	27,663	-30,465	22,853	43,055	89,039	164,089	162,061	187,555	161,403	168,544	205,217	272,971	242,892	203,582	147,702	18,460	17,489	-14,808	-7,373	90,606	140,652	266,854	342,579	338,432	435,136	375,005	384,113	373,380	282,754	210,096	230,008	234,296	230,915	300,886	257,970	229,145	228,970	251,021	307,805	0	0	0
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	-	-	-