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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Net Cash Flows From (To) Operating Activities:    
Net income $ 44.5 $ 32.4
Non-cash items included in net income:    
Depreciation and amortization 42.4 41.1
Other post-retirement and post-employment benefits 0.7 0.7
Stock-based compensation 8.5 7.8
Reduction in carrying amount of right-of-use assets 13.2 13.1
Deferred income taxes (13.4) (1.4)
Other – net 0.6 3.2
Net decrease in cash from operating assets and liabilities (118.2) (62.9)
Increase (decrease) in other liabilities (3.5) 3.3
Net cash flows from (to) operating activities (25.2) 37.3
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (27.9) (26.2)
Proceeds from sale of property, plant, and equipment 0.0 0.2
Capitalized software (5.3) (6.1)
Acquisition spending, net of cash acquired (9.3) (1.5)
Purchase of investments (1.8) (2.4)
Sales or maturities of investments 1.5 2.4
Net cash flows from (to) investing activities (42.8) (33.7)
Net Cash Flows From (To) Financing Activities:    
Payments of debt (159.3) (0.6)
Proceeds from debt 291.8 3.8
Dividends paid (26.7) (26.8)
Purchase of HNI Corporation common stock (65.2) (6.5)
Proceeds from sales of HNI Corporation common stock 3.4 29.3
Other – net (2.5) (0.3)
Net cash flows from (to) financing activities 41.5 (1.3)
Net increase (decrease) in cash and cash equivalents including cash classified within current assets held for sale (26.5) 2.4
Less: net increase in cash classified within current assets held for sale 6.2 0.0
Net increase (decrease) in cash and cash equivalents (32.7) 2.4
Cash and cash equivalents at beginning of period 52.3 116.1
Cash and cash equivalents at end of period $ 19.6 $ 118.5