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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Net Cash Flows From (To) Operating Activities:    
Net income $ 107.6 $ 51.6
Non-cash items included in net income:    
Depreciation and amortization 63.5 62.0
Other post-retirement and post-employment benefits 1.0 1.0
Stock-based compensation 6.4 9.5
Reduction in carrying amount of right-of-use assets 19.7 19.0
Deferred income taxes (10.4) (2.1)
Gain on sale of subsidiary (50.6) 0.0
Other – net (0.4) 2.6
Net decrease in cash from operating assets and liabilities (99.3) (64.1)
Increase (decrease) in other liabilities (3.5) 8.9
Net cash flows from (to) operating activities 33.9 88.5
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (41.7) (38.2)
Proceeds from sale of property, plant, and equipment 0.0 0.2
Capitalized software (7.0) (9.6)
Acquisition spending, net of cash acquired (9.2) (1.5)
Purchase of investments (2.3) (3.3)
Sales or maturities of investments 1.9 3.2
Net proceeds from sale of subsidiary 71.4 0.0
Net cash flows from (to) investing activities 13.2 (49.2)
Net Cash Flows From (To) Financing Activities:    
Payments of debt (298.5) (1.8)
Proceeds from debt 321.6 4.3
Dividends paid (39.9) (40.4)
Purchase of HNI Corporation common stock (65.2) (18.5)
Proceeds from sales of HNI Corporation common stock 4.0 29.9
Other – net (0.4) (2.6)
Net cash flows from (to) financing activities (78.3) (29.0)
Net increase (decrease) in cash and cash equivalents (31.2) 10.3
Cash and cash equivalents at beginning of period 52.3 116.1
Cash and cash equivalents at end of period $ 21.1 $ 126.4