Investor Relations - Timber and Real Estate Performance
Reconciliation of Net Debt to LTM Adjusted EBITDA
Q1
2017
($ in millions)
Current maturities of long-term debt
Long-term debt, net of deferred financing costs
Deferred financing costs
Total Debt
Cash and cash equivalents
Net Debt
$42.9
1,028.1
3.4
$1,074.4
(219.4)
$855.0
Q2
($ in millions)
2016
Q3
2016
Q4
Q1
2016
2017
Total
Net income
$111.6
$40.6
$50.5
$35.1
$237.8
Interest, net, continuing operations
7.7
8.3
8.2
7.9
32.1
Income tax expense (benefit), continuing operations
2.3
0.8
2.8
6.3
12.2
Depreciation, depletion and amortization
22.4
32.0
31.5
30.8
116.7
Non-cash cost of land and improved development
Costs related to shareholder litigation
1.7
4.3
1.6
4.5
12.1
(1)
0.6
1.2
0.7
2.5
(1)
Large Dispositions (1)
Adjusted EBITDA
Net Debt / Adjusted EBITDA
(1)
(1) Non-GAAP measure or pro forma item (see Appendix for definitions and reconciliations).
(101.3)
(42.6)
(28.2)
(172.1)
$45.0
$87.2
$52.0
$57.1
$241.3
3.5x
Rayonier
50
Investor Relations | May 2017View entire presentation