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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Net Cash Flows From (To) Operating Activities:      
Net income $ 123.9 $ 59.8 $ 41.9
Non-cash items included in net income:      
Depreciation and amortization 84.2 83.1 77.7
Other post-retirement and post-employment benefits 1.3 1.3 1.5
Stock-based compensation 9.0 12.9 7.8
Deferred income taxes (15.3) (0.4) (12.0)
Restructuring and impairment charges 6.2 5.8 39.6
Gain on sale of subsidiary (50.4) 0.0 0.0
Other – net 2.7 4.0 3.1
Net increase (decrease) in cash from operating assets and liabilities (72.7) (34.4) 47.2
Increase (decrease) in other liabilities (7.7) (0.5) 7.7
Net cash flows from (to) operating activities 81.2 131.6 214.5
Net Cash Flows From (To) Investing Activities:      
Capital expenditures (60.0) (53.5) (32.3)
Acquisition spending, net of cash acquired (11.4) (44.6) (58.3)
Capitalized software (8.4) (13.1) (9.5)
Purchase of investments (2.8) (3.4) (4.2)
Sales or maturities of investments 2.3 3.3 3.6
Proceeds from sale of subsidiary, net of cash divested 69.5 0.0 0.0
Other – net 0.0 0.2 0.3
Net cash flows from (to) investing activities (10.7) (111.0) (100.4)
Net Cash Flows From (To) Financing Activities:      
Payments of debt (401.6) (2.6) (83.2)
Proceeds from debt 413.9 5.0 83.3
Dividends paid (53.2) (53.8) (52.1)
Purchase of HNI Corporation common stock (65.2) (59.2) (6.8)
Proceeds from sales of HNI Corporation common stock 4.7 31.1 8.1
Other – net (4.0) (5.1) 0.6
Net cash flows from (to) financing activities (105.4) (84.5) (50.1)
Net increase (decrease) in cash and cash equivalents (34.8) (63.9) 64.0
Cash and cash equivalents at beginning of period 52.3 116.1 52.1
Cash and cash equivalents at end of period $ 17.4 $ 52.3 $ 116.1