Rayonier(RYN) - 2019 Q4 - Earnings Call Presentation

Financial Performance - Q4 2019 - Sales reached $178.8 million, compared to $166.1 million in Q4 2018[11] - Operating income was $26.1 million, a significant increase from $15.0 million in Q4 2018[11] - Net income attributable to Rayonier Inc was $16.0 million, a substantial rise from $2.0 million in Q4 2018[11] - Adjusted EBITDA was $65.0 million, up from $49.9 million in Q4 2018[11] Financial Performance - Full Year 2019 - Cash provided by operating activities was $214.3 million, a decrease from $310.1 million in 2018[11] - Cash available for distribution (CAD) was $149.4 million, down from $240.1 million in 2018[11] - Capital expenditures totaled $64.0 million, slightly higher than $62.3 million in 2018[11] - Timberland acquisitions amounted to $142.3 million, a significant increase from $57.6 million in 2018[11, 28] Debt and Liquidity - Debt stood at $1,057.0 million, an increase from $975.0 million in 2018[12] - Cash holdings were $68.7 million, a decrease from $148.4 million in 2018[12]