Rayonier Inc. cash flow statement RYN

Annual Quarterly

In Q1 of fiscal 2026, the quarter ended Mar 31, 2026, Rayonier Inc. generated $34.6 million of cash from operations, up 24.9% from the same quarter a year earlier. The company returned $81.1 million in dividends and $1.0 million in share buybacks to shareholders.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the same quarter a year earlier.

Line	TTM Mar 31, 2026	Q1 FY2026 Mar 31, 2026	Q4 FY2025 Dec 31, 2025	Q3 FY2025 Sep 30, 2025	Q2 FY2025 Jun 30, 2025	Q1 FY2025 Mar 31, 2025	Q4 FY2024 Dec 31, 2024	Q3 FY2024 Sep 30, 2024	Q2 FY2024 Jun 30, 2024
Operating
Depreciation and amortization	—	—	—	35 +24.9%	23 -7.0%	—	—	28 -24.7%	25 -36.5%
Stock-based compensation	24 +81.5%	15 +575.7%	2 +13.2%	3 -33.5%	4 -26.0%	2 -29.1%	2 -42.0%	4 +16.0%	5 +13.1%
Operating cash flow	264 +11.2%	35 +24.9%	52 -41.0%	116 +75.6%	61 +10.2%	28 -47.0%	88 -1.8%	66 -19.9%	55 -11.3%
Investing
Capital expenditures	—	—	—	16	—	—	—	—	—
Investing cash flow	583 +63.6%	-53 -147.5%	-28 -106.5%	-15 +43.9%	680 +3005.2%	-21 +10.9%	429 +110.5%	-27 -18.1%	-23 +3.6%
Financing
Debt repaid	—	28	0 -100.0%	0 -100.0%	—	—	190 +26.7%	60	—
Dividends paid	263 +10.0%	81 -26.6%	97 +127.6%	42 -1.2%	43 -0.9%	110 +52.8%	42 +0.2%	43 +0.5%	43 +0.4%
Stock buybacks	4 -7.6%	1 +2547.4%	0 +1675.0%	0 +75.0%	3 -36.1%	0 +22.6%	0	0 -86.2%	4 -0.4%
Financing cash flow	-399 +23.3%	-143 -22.6%	-101 +59.6%	-73 +29.9%	-82 -64.3%	-116 -55.1%	-249 -28.1%	-105 -143.1%	-50 -4.2%
Change in cash
Effect of exchange rate	1 +413.1%	0 -100.0%	0 +100.0%	0 -100.0%	1 +2132.8%	0 +102.9%	-1 -518.2%	1 +1345.9%	0 +112.1%
Net change in cash	449 +520.1%	-161 -46.4%	-77 -128.9%	27 +141.8%	660 +3766.8%	-110 -130.5%	266 +169.2%	-65 -502.8%	-18 -73.5%
Free cash flow	—	—	—	100	—	—	—	—	—
Per share
Free cash flow per share	—	—	—	0.64	—	—	—	—	—
Dividend per share	2.48 -15.4%	0.26 -4.6%	—	0.27 -4.4%	0.27 -4.4%	0.27 -4.4%	0.28	0.28 +0.0%	0.28 +0.0%
Shareholder returns
Returned to shareholders	267	82	97	42	45	110	42	43	47
Share of free cash flow	—	—	—	42.17%	—	—	—	—	—
Ratios
Free cash flow margin	—	—	—	56.41%	—	—	—	—	—
Capital expenditures to revenue	—	—	—	9.21%	—	—	—	—	—
Stock-based compensation to revenue	3.57%	5.57%	2.13%	1.47%	3.42%	2.76%	0.34%	3.16%	4.94%
Cash conversion	0.57x	—	2.00x	2.69x	0.15x	—	0.27x	2.30x	29.07x

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Real Estate Investment Trusts (SIC 6798)
Listed as: RYN (NYSE)
Fiscal year ends: December 31
Incorporated in: NC
Headquarters: Wildlight, FL
SEC filer status: Large accelerated filer
SEC CIK: 52827
Former names: ITT RAYONIER INC (until Mar 25, 1994)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.