RAYONIER INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $819.6M | $815.9M | $568.8M | $603.5M | $659.7M | $378.6M | $1.42B | $1.32B |
| Cost of Revenue | $568.3M | $526.4M | $441.7M | $483.9M | $530.8M | $305.5M | $1.01B | $990.1M |
| Gross Profit | $251.3M | $289.5M | $127.1M | $119.7M | $128.9M | $73.1M | $414.7M | $325.1M |
| Gross Margin | 30.7% | 35.5% | 22.3% | 19.8% | 19.5% | 19.3% | 29.2% | 24.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $40.2M | $42.8M | $45.8M | $47.9M | $55.4M | $58.6M | $65.3M | $67.1M |
| Operating Income | $215.5M | $255.8M | $77.8M | $98.3M | $108.7M | $32.1M | $357.3M | $282.0M |
| Operating Margin | 26.3% | 31.3% | 13.7% | 16.3% | 16.5% | 8.5% | 25.1% | 21.4% |
| Interest Expense | $34.1M | $32.2M | $31.7M | $44.2M | $40.9M | $42.8M | $50.8M | $50.5M |
| Pretax Income | $183.3M | $222.8M | $43.1M | $44.8M | $70.2M | $-10.3M | $307.4M | $232.8M |
| Income Tax Expense | $21.7M | $5.1M | $-859.0K | $-9.6M | $-35.7M | $-27.1M | $30.7M | $15.2M |
| Net Income | $148.8M | $212.0M | $46.2M | $99.3M | $371.9M | $278.7M | $276.0M | $217.6M |
| Net Margin | 18.2% | 26.0% | 8.1% | 16.5% | 56.4% | 73.6% | 19.4% | 16.5% |
| EPS (Basic) | $1.17 | $1.73 | $0.37 | $0.78 | $2.96 | $2.27 | $2.27 | $1.81 |
| EPS (Diluted) | $1.16 | $1.73 | $0.37 | $0.76 | $2.86 | $2.17 | $2.20 | $1.79 |
| Shares Outstanding (Basic) | 127.4M | 122.6M | 125.4M | 126.5M | 125.7M | 122.7M | 121.7M | 120.2M |
| Shares Outstanding (Diluted) | 127.8M | 122.8M | 125.9M | 131.0M | 130.1M | 128.7M | 125.4M | 121.9M |
| Dividends Per Share | $1.00 | $1.00 | $1.00 | $2.03 | $1.86 | $1.68 | $1.52 | $1.36 |