XML 47 R13.htm IDEA: XBRL DOCUMENT v3.24.0.1
RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 207,696 $ 114,255
Trade receivables, less allowance for doubtful accounts of $210 and $74 28,652 27,837
Other receivables 11,517 14,701
Inventory (Note 15) 31,017 23,729
Prepaid logging roads 15,425 14,893
Prepaid expenses 3,645 5,680
Assets held for sale (Note 22) 9,932 713
Other current assets 9,074 573
Total current assets 316,958 202,381
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 3,004,316 3,230,904
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 14) 105,595 115,097
PROPERTY, PLANT AND EQUIPMENT    
Land 6,453 6,453
Buildings 31,251 31,020
Machinery and equipment 6,523 6,568
Construction in progress 1,841 653
Total property, plant and equipment, gross 46,068 44,694
Less—accumulated depreciation (19,059) (17,505)
Total property, plant and equipment, net 27,009 27,189
RESTRICTED CASH (NOTE 21) 678 1,152
RIGHT-OF-USE ASSETS (NOTE 16) 95,474 97,167
OTHER ASSETS (NOTE 23) 97,555 115,481
TOTAL ASSETS 3,647,585 3,789,371
CURRENT LIABILITIES    
Accounts payable 26,561 22,100
Accrued taxes 4,394 3,734
Accrued payroll and benefits 14,215 12,428
Accrued interest 7,094 5,920
Pension and other postretirement benefits (Note 18) 8,444 136
Deferred revenue 19,012 22,762
Other current liabilities 30,409 28,247
Total current liabilities 140,277 95,327
LONG-TERM DEBT, NET (NOTE 7) 1,365,773 1,514,721
PENSION AND OTHER POSTRETIREMENT BENEFITS, NON-CURRENT (NOTE 18) 1,441 8,510
LONG-TERM LEASE LIABILITY (NOTE 16) 87,684 88,756
LONG-TERM DEFERRED REVENUE 11,294 6,895
OTHER NON-CURRENT LIABILITIES 81,863 88,687
COMMITMENTS AND CONTINGENCIES (NOTES 10 and 11)
NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP (NOTE 5) 81,651 105,763
CAPITAL    
Accumulated other comprehensive income (Note 24) 24,651 35,813
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP AND SHAREHOLDERS’ EQUITY 3,647,585 3,789,371
Rayonier Limited Partnership    
CURRENT ASSETS    
Cash and cash equivalents 207,696 114,255
Trade receivables, less allowance for doubtful accounts of $210 and $74 28,652 27,837
Other receivables 11,517 14,701
Inventory (Note 15) 31,017 23,729
Prepaid logging roads 15,425 14,893
Prepaid expenses 3,645 5,680
Assets held for sale (Note 22) 9,932 713
Other current assets 9,074 573
Total current assets 316,958 202,381
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 3,004,316 3,230,904
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 14) 105,595 115,097
PROPERTY, PLANT AND EQUIPMENT    
Land 6,453 6,453
Buildings 31,251 31,020
Machinery and equipment 6,523 6,568
Construction in progress 1,841 653
Total property, plant and equipment, gross 46,068 44,694
Less—accumulated depreciation (19,059) (17,505)
Total property, plant and equipment, net 27,009 27,189
RESTRICTED CASH (NOTE 21) 678 1,152
RIGHT-OF-USE ASSETS (NOTE 16) 95,474 97,167
OTHER ASSETS (NOTE 23) 97,555 115,481
TOTAL ASSETS 3,647,585 3,789,371
CURRENT LIABILITIES    
Accounts payable 26,561 22,100
Accrued taxes 4,394 3,734
Accrued payroll and benefits 14,215 12,428
Accrued interest 7,094 5,920
Pension and other postretirement benefits (Note 18) 8,444 136
Distribution payable 30,148 0
Deferred revenue 19,012 22,762
Other current liabilities 30,409 28,247
Total current liabilities 140,277 95,327
LONG-TERM DEBT, NET (NOTE 7) 1,365,773 1,514,721
PENSION AND OTHER POSTRETIREMENT BENEFITS, NON-CURRENT (NOTE 18) 1,441 8,510
LONG-TERM LEASE LIABILITY (NOTE 16) 87,684 88,756
LONG-TERM DEFERRED REVENUE 11,294 6,895
OTHER NON-CURRENT LIABILITIES 81,863 88,687
NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP (NOTE 5) 81,651 105,763
CAPITAL    
General partners’ capital 18,325 18,251
Limited partners’ capital 1,814,193 1,806,895
Accumulated other comprehensive income (Note 24) 28,018 40,249
TOTAL CONTROLLING INTEREST CAPITAL 1,860,536 1,865,395
Noncontrolling interests in consolidated affiliates 17,066 15,317
TOTAL CAPITAL 1,877,602 1,880,712
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP AND SHAREHOLDERS’ EQUITY $ 3,647,585 $ 3,789,371