RAYONIER INC.
Income Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Revenue | $1.17B | $1.27B |
| Cost of Revenue | $914.8M | $991.9M |
| Gross Profit | $253.8M | $279.2M |
| Gross Margin | 21.7% | 22.0% |
| Operating Expenses | ||
| Research & Development | — | — |
| SG&A Expense | $62.6M | $64.5M |
| Operating Income | $409.5M | $226.4M |
| Operating Margin | 35.0% | 17.8% |
| Interest Expense | $52.4M | $50.7M |
| Pretax Income | $358.9M | — |
| Income Tax Expense | $46.3M | $29.4M |
| Net Income | $312.5M | $148.6M |
| Net Margin | 26.7% | 11.7% |
| EPS (Basic) | $2.63 | $1.89 |
| EPS (Diluted) | $2.60 | $1.87 |
| Shares Outstanding (Basic) | 118.6M | — |
| Shares Outstanding (Diluted) | 120.0M | — |
| Dividends Per Share | $1.33 | — |