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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Net Cash Flows From (To) Operating Activities:      
Net income $ 139.5 $ 49.2 $ 123.9
Non-cash items included in net income:      
Depreciation and amortization 107.8 94.9 84.2
Other post-retirement and post-employment benefits 1.1 1.1 1.3
Stock-based compensation 17.4 16.5 9.0
Deferred income taxes (14.1) (0.6) (15.3)
Asset impairment charges 0.0 31.5 6.2
Gain on sale of subsidiary 0.0 0.0 (50.4)
Other – net 5.5 5.1 2.7
Net increase (decrease) in cash from operating assets and liabilities (19.1) 76.5 (72.7)
Decrease in other liabilities (11.4) (6.6) (7.7)
Net cash flows from (to) operating activities 226.7 267.5 81.2
Net Cash Flows From (To) Investing Activities:      
Capital expenditures (50.6) (78.1) (60.0)
Acquisition spending, net of cash acquired 0.0 (369.7) (11.4)
Capitalized software (2.3) (1.0) (8.4)
Purchase of investments (3.2) (5.7) (2.8)
Sales or maturities of investments 4.7 5.4 2.3
Net proceeds from sale of subsidiary 0.0 2.7 69.5
Other – net 0.4 1.6 (0.0)
Net cash flows from (to) investing activities (51.0) (444.8) (10.7)
Net Cash Flows From (To) Financing Activities:      
Payments of debt (420.6) (436.0) (401.6)
Proceeds from debt 328.2 684.0 413.9
Dividends paid (63.6) (58.5) (53.2)
Purchase of HNI Corporation common stock (65.8) (0.3) (65.2)
Proceeds from sales of HNI Corporation common stock 51.2 2.3 4.7
Other – net (11.6) (2.8) (4.0)
Net cash flows from (to) financing activities (182.2) 188.8 (105.4)
Net increase (decrease) in cash and cash equivalents (6.4) 11.5 (34.8)
Cash and cash equivalents at beginning of period 28.9 17.4 52.3
Cash and cash equivalents at end of period $ 22.5 $ 28.9 $ 17.4