Rayonier (RYN) FY2021 results: revenue $1.1 billion, up 29.1% on the year
Rayonier Inc. (RYN) reported revenue of $1.1 billion for fiscal 2021, the year ended 31 December 2021, up 29.1% on the year before. Net income was $153 million, up 311.4%, and diluted earnings per share $1.08. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$1.1 billion
+29.1% on the year
FY2014FY2021
Operating margin
24.3%
8.7% a year earlier
FY2014FY2021
Net income
$153 million
+311.4% on the year
FY2014FY2021
Diluted EPS
$1.08
+300.0% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
325
204
214
+59.2%
Capital expenditure
12.5
6.5
6.8
+93.8%
Free cash flow
313
198
207
+58.1%
Free cash flow margin
28.2%
23.0%
29.2%
Cash from investing
-26.3
-214
-219
Cash from financing
-16.3
27.0
-79.6
Depreciation and amortisation
249
200
128
+24.0%
Share-based compensation
9.3
8.0
6.9
+15.6%
Buybacks
1.6
1.6
4.2
+0.7%
Dividends paid
154
146
141
+4.9%
Dividend per share
$1.08
$1.08
$1.08
0.0%
Diluted shares, weighted
145m
137m
130m
+6.1%
Shares outstanding at period end
145m
138m
129m
+5.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,772
1,474
1,440
+20.2%
Non-controlling interest
43.8
389
97.7
-88.7%
Redeemable equity
134
130
0.0
+2.8%
Debt
1,368
1,361
1,055
+0.5%
Operating lease liabilities
93.4
100
90.5
-6.8%
Other liabilities
226
275
178
-18.0%
Total liabilities and equity
3,636
3,729
2,861
-2.5%
Fixed assets
29.6
30.4
22.3
-2.6%
Goodwill
8.5
8.9
8.6
-5.4%
Cash and equivalents
362
84.5
68.7
+328.6%
Receivables
30.0
49.1
27.1
-38.8%
Inventory
28.5
10.6
14.5
+169.2%
Other assets
3,178
3,545
2,720
-10.4%
Total assets
3,636
3,729
2,861
-2.5%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.