| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Cash Flows From (To) Operating Activities: | |||||||||||
Net income | |||||||||||
110,503 | 93,326 | 89,898 | 85,638 | 105,406 | 61,155 | 63,369 | 48,326 | 45,748 | 27,123 | -6,259 | 45,607 |
Non-cash items included in net income: | |||||||||||
Depreciation and amortization | |||||||||||
77,427 | 74,788 | 72,872 | 68,947 | 57,564 | 56,722 | 46,621 | 43,360 | 46,287 | 58,630 | 74,867 | 70,155 |
Other post-retirement and post-employment benefits | |||||||||||
1,475 | 1,767 | 1,592 | 1,643 | 1,856 | 1,239 | 1,309 | 1,678 | 1,660 | 1,691 | 1,849 | 1,509 |
Stock-based compensation | |||||||||||
6,830 | 7,317 | 7,750 | 8,141 | 9,097 | 8,597 | 7,451 | 6,437 | 7,171 | 6,601 | 3,830 | 6,592 |
Reduction in carrying amount of right-of-use assets | |||||||||||
22,936 | - | - | - | - | - | - | - | - | - | - | - |
Stock-based compensation | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,616 |
Excess tax benefits from stock-based compensation | |||||||||||
- | - | - | 2,713 | 1,581 | 2,161 | 2,211 | 4,156 | 99 | 25 | 8 | 11 |
Deferred income taxes | |||||||||||
6,750 | 3,197 | -33,606 | 20,495 | 15,257 | 14,655 | 18,451 | 7,060 | 12,400 | 7,196 | -5,844 | 2,600 |
Loss on sale and retirement of long-lived assets, net | |||||||||||
2,014 | 16,264 | 30,892 | 28,868 | 12,463 | 19,055 | -344 | -1,032 | -273 | 8,951 | 26,025 | 22,691 |
Amortization of deferred gain on sale leaseback transaction | |||||||||||
- | - | - | 0 | - | - | - | - | - | - | - | - |
Impairment of goodwill and intangible assets | |||||||||||
- | - | - | - | - | - | 0 | 0 | - | - | - | - |
Loss on sale of business | |||||||||||
- | - | - | - | - | - | -2,177 | 0 | 0 | - | - | - |
Stock issued to retirement plan | |||||||||||
- | - | - | - | - | - | - | 4,864 | -4,906 | -5,400 | -6,565 | - |
Other – net | |||||||||||
-3,593 | 1,736 | 1,949 | -4,523 | 1,216 | -4,693 | -4,419 | -2,557 | -849 | -2,025 | -2,338 | -4,065 |
Net increase (decrease) in operating assets and liabilities, net of divestitures | |||||||||||
3,280 | 10,729 | 29,409 | -17,430 | 28,075 | -2,322 | - | - | - | - | - | - |
Increase (decrease) in other liabilities | |||||||||||
-8,868 | 2,236 | -4,891 | -9,610 | 2,581 | 1,519 | 6,229 | 672 | 2,216 | -3,204 | -7,415 | -2,643 |
Changes in working capital, excluding acquisition and disposition: | |||||||||||
Receivables | |||||||||||
- | - | - | - | - | - | 21,029 | 6,993 | 6,924 | 30,027 | -74,593 | -58,570 |
Inventories | |||||||||||
- | - | - | - | - | - | -1,606 | -9,546 | 11,279 | 4,391 | -19,146 | -31,842 |
Prepaid expenses and other current assets | |||||||||||
- | - | - | - | - | - | -526 | 1,799 | 4,352 | 527 | -9,317 | -306 |
Accounts payable and accrued expenses | |||||||||||
- | - | - | - | - | - | 31,215 | 27,531 | 39,866 | 14,412 | -14,313 | -59,145 |
Income taxes | |||||||||||
- | - | - | - | - | - | 4,525 | 4,662 | -4,444 | 529 | 8,514 | -1,255 |
Net cash flows from (to) operating activities | |||||||||||
219,380 | 186,430 | 133,149 | 223,362 | 173,352 | 167,796 | 165,002 | 144,777 | 134,278 | 94,384 | 193,205 | 174,369 |
Net Cash Flows From (To) Investing Activities: | |||||||||||
Capital expenditures | |||||||||||
60,826 | 55,648 | 109,243 | 93,425 | 82,610 | 74,323 | 60,977 | 39,473 | 27,795 | 25,683 | 16,017 | 70,083 |
Proceeds from sale of property, plant, and equipment | |||||||||||
327 | 23,767 | 9,009 | 1,055 | 2,201 | 16,361 | 421 | 1,182 | 3,255 | 2,289 | 6,733 | 6,191 |
Capitalized software | |||||||||||
6,059 | 8,048 | 18,148 | 26,159 | 32,356 | 38,390 | 17,918 | 20,797 | 3,348 | 1,039 | 1,537 | 1,413 |
Acquisition spending, net of cash acquired | |||||||||||
0 | 2,850 | 898 | 34,302 | 0 | 61,823 | 0 | 26,894 | 54,990 | 149 | 500 | 75,479 |
Short-term investmentsnet | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 250 |
Purchase of investments | |||||||||||
6,702 | 2,676 | 3,451 | 8,724 | 3,660 | 3,801 | 1,107 | 5,554 | 15,555 | 15,040 | 9,710 | 10,650 |
Sales or maturities of investments | |||||||||||
4,845 | 3,100 | 3,197 | 8,619 | 3,550 | 7,770 | 5,053 | 4,762 | 6,480 | 10,624 | 33,872 | 20,158 |
Other – net | |||||||||||
-5,520 | -1,135 | -1,510 | 90 | 0 | 4 | 891 | -961 | -412 | -3,945 | -440 | 0 |
Net cash flows from (to) investing activities | |||||||||||
-62,895 | -41,220 | -118,024 | -153,026 | -112,875 | -154,210 | -75,419 | -85,813 | -91,541 | -25,053 | 13,281 | -131,526 |
Net Cash Flows From (To) Financing Activities: | |||||||||||
Payments of long-term debt | |||||||||||
215,934 | 348,987 | 276,736 | 594,547 | 455,222 | 235,595 | 163,524 | 179,333 | 26,523 | 54,241 | 219,884 | 334,200 |
Proceeds from long-term debt | |||||||||||
141,035 | 323,075 | 339,337 | 611,986 | 448,449 | 282,808 | 157,967 | 148,844 | 5,455 | 50,157 | 97,000 | 359,500 |
Dividends paid | |||||||||||
52,232 | 51,085 | 49,557 | 48,495 | 46,329 | 44,328 | 43,494 | 43,041 | 41,250 | 38,737 | 38,667 | 38,095 |
Purchase of HNI Corporation common stock | |||||||||||
83,887 | 30,452 | 57,505 | 55,825 | 26,657 | 67,908 | 27,488 | 21,021 | 10,000 | 17,817 | 0 | 28,553 |
Proceeds from sales of HNI Corporation common stock | |||||||||||
30,473 | 19,606 | 14,224 | 21,596 | 12,276 | 18,469 | 9,591 | 6,396 | 3,198 | 3,004 | 2,893 | 4,151 |
Other – net | |||||||||||
-686 | -3,896 | 2,148 | - | - | - | - | - | - | - | - | - |
Withholding related to net share settlements of equity based awards | |||||||||||
- | - | - | 0 | 171 | 79 | 1,598 | 5,995 | 0 | 0 | - | - |
Excess tax benefits from stock-based compensation | |||||||||||
- | - | - | 2,713 | 1,581 | 2,161 | 2,211 | 4,156 | 99 | 25 | 8 | 11 |
Net cash flows from (to) financing activities | |||||||||||
-181,231 | -91,739 | -28,089 | -62,572 | -66,073 | -44,472 | -66,335 | -89,994 | -69,021 | -57,609 | -158,650 | -37,186 |
Net increase (decrease) in cash and cash equivalents | |||||||||||
-24,746 | 53,471 | -12,964 | 7,764 | -5,596 | -30,886 | 23,248 | -31,030 | -26,284 | 11,722 | 47,836 | 5,657 |
Interest | |||||||||||
- | - | - | - | - | - | - | - | - | 12,062 | 12,316 | 17,160 |
Income taxes | |||||||||||
- | - | - | - | - | - | - | - | - | 7,079 | -4,528 | 22,852 |