Oct 25, 2011. /Lesprom Network/. Rayonier reported 3Q net income of $105 million. The results include a $16 million tax benefit from the reversal of a reserve relating to the taxability of the 2009 alternative fuel mixture credit (“AFMC”). Excluding this benefit, net income was $89 million, compared to $63 million in the prior year period, as the company said in a press release received by Lesprom Network. Year-to-date 2011 net income totaled $220 million, compared to $158 million in 2010. Excluding special items, year-to-date 2011 net income rose to $204 million from $147 million in 2010. Cash provided by operating activities was $326 million for the first nine months of 2011 compared to $473 million for the prior year period. Year-to-date cash available for distribution was $242 million versus $400 million in 2010. The 2010 results included the receipt of $189 million related to the AFMC. “We continued to deliver strong operating results this quarter, with solid earnings and cash flows well in excess of our recently increased dividend,” said Lee M. Thomas, Chairman and CEO. “In Forest Resources, we leveraged our proximity to major ports in the Pacific Northwest, selling into growing Asian export markets and locking in volumes as prices increased. In Performance Fibers, demand continued to exceed production capacity for our high purity cellulose specialties.” 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 2.5 million acres of timber and land in the United States and New Zealand.