Jan 25, 2013. /Lesprom Network/. Rayonier reported 4Q net income of $76 million, or 59 cents per share, compared to $56 million, or 45 cents per share, in the prior year period. Full year 2012 net income totaled $279 million, or $2.17 per share, compared to $276 million, or $2.20 per share, in 2011, as the company said in a press release received by Lesprom Network. Cash provided by operating activities was $446 million for 2012 compared to $432 million for 2011. Full year cash available for distribution was $304 million versus $287 million in 2011. “Our 2012 results, including a 13% increase over last year’s pro forma operating income, reflect the balance and resiliency of our core businesses and our continued focus on operational excellence,” said Paul G. Boynton, Chairman, President and CEO. “Rayonier shareholders benefited with a total return of over 20% for last year, including a 10% dividend increase supported by our strong cash flow. “We also made significant progress on our key strategic initiatives, growing our land base to more than 2.7 million acres and staying on schedule to complete our cellulose specialties expansion (CSE) project in Jesup in mid-2013,” added Boynton. Forest Resources 4Q sales of $65 million were $13 million above the prior year period, while operating income of $19 million increased $5 million. In the Northern region, increased volume from deferring harvests to the second half of the year was partially offset by lower prices due to sales mix and weaker Asian demand. In the Atlantic region, volumes increased due to favorable logging conditions, while in the Gulf region prices rose due to mix, and volumes benefited from the 2011 acquisitions. Forest Resources full year sales of $230 million increased $15 million from 2011, while operating income of $46 million was slightly lower. In the Atlantic region, operating income reflects higher prices as 2011 included fire salvage sales, while earnings in the Gulf region increased due to higher volumes from the 2011 acquisitions and higher non-timber income. Offsetting these increases were lower prices in the Northern region and New Zealand due to weaker Asian demand. Wood Products sales of $22 million and $88 million for 4Q and full year 2012, improved $4 million and $20 million, respectively, versus the prior year periods. Operating income improved $4 million and $12 million comparing the same periods. The increases were primarily due to higher prices. Recently, Rayonier announced the sale of its Wood Products business for $80 million, with closing expected in the 1Q. Rayonier is a leading international forest products company with three core businesses: Forest Resources, Real Estate and Performance Fibers. The company owns, leases or manages 2.7 million acres of timber and land in the United States and New Zealand.