Rayonier (RYN) FY2022 results: revenue $577 million, down 48.0% on the year
Rayonier Inc. (RYN) reported revenue of $577 million for fiscal 2022, the year ended 31 December 2022, down 48.0% on the year before. Net income was $107 million, down 29.8%, and diluted earnings per share $0.73. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$577 million
-48.0% on the year
FY2015FY2022
Operating margin
23.5%
24.3% a year earlier
FY2015FY2022
Net income
$107 million
-29.8% on the year
FY2015FY2022
Diluted EPS
$0.73
-32.4% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
269
325
204
-17.2%
Capital expenditure
13.7
12.5
6.5
+9.4%
Free cash flow
255
313
198
-18.3%
Free cash flow margin
44.3%
28.2%
23.0%
Cash from investing
-516
-26.3
-214
Cash from financing
-4.6
-16.3
27.0
Depreciation and amortisation
123
249
200
-50.3%
Share-based compensation
12.4
9.3
8.0
+33.2%
Buybacks
4.2
1.6
1.6
+161.3%
Dividends paid
166
154
146
+7.9%
Dividend per share
$1.12
$1.08
$1.08
+4.2%
Diluted shares, weighted
150m
145m
137m
+3.3%
Shares outstanding at period end
147m
145m
138m
+1.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,865
1,772
1,474
+5.3%
Non-controlling interest
15.3
43.8
389
-65.0%
Redeemable equity
106
134
130
-21.0%
Debt
1,515
1,368
1,361
+10.7%
Operating lease liabilities
88.8
93.4
100
-5.0%
Other liabilities
199
226
275
-11.7%
Total liabilities and equity
3,789
3,636
3,729
+4.2%
Fixed assets
27.2
29.6
30.4
-8.2%
Goodwill
7.9
8.5
8.9
-7.0%
Cash and equivalents
114
362
84.5
-68.5%
Receivables
27.8
30.0
49.1
-7.3%
Inventory
23.7
28.5
10.6
-16.8%
Other assets
3,588
3,178
3,545
+12.9%
Total assets
3,789
3,636
3,729
+4.2%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.