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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Net Cash Flows From (To) Operating Activities:    
Net income $ 101.2 $ 26.5
Non-cash items included in net income:    
Depreciation and amortization 80.1 68.3
Other post-retirement and post-employment benefits 0.8 0.8
Stock-based compensation 13.7 11.3
Deferred income taxes (11.7) (6.0)
Other – net 4.2 5.2
Net increase (decrease) in cash from operating assets and liabilities (5.1) 63.0
Decrease in other liabilities (7.8) (6.7)
Net cash flows from (to) operating activities 175.5 162.5
Net Cash Flows From (To) Investing Activities:    
Capital expenditures (41.2) (61.9)
Capitalized software (2.0) (0.9)
Acquisition spending, net of cash acquired 0.0 (369.7)
Purchase of investments (3.1) (3.8)
Sales or maturities of investments 4.5 4.0
Net proceeds from sale of subsidiary 0.0 3.1
Other – net 0.2 1.5
Net cash flows from (to) investing activities (41.7) (427.6)
Net Cash Flows From (To) Financing Activities:    
Payments of debt (354.0) (304.3)
Proceeds from debt 262.4 625.3
Dividends paid (47.9) (43.5)
Purchase of HNI Corporation common stock (24.8) 0.0
Proceeds from sales of HNI Corporation common stock 45.4 1.8
Other – net (9.6) (7.1)
Net cash flows from (to) financing activities (128.5) 272.1
Net increase in cash and cash equivalents 5.3 6.9
Cash and cash equivalents at beginning of period 28.9 17.4
Cash and cash equivalents at end of period $ 34.3 $ 24.4