Hni corporation (HNI)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Net Cash Flows From (To) Operating Activities:
Net income

-23,896

47,595

46,077

15,811

1,020

32,362

39,907

18,596

2,461

33,930

37,331

13,856

4,781

10,957

33,812

29,027

11,842

32,231

40,846

23,877

8,452

6,978

33,496

9,665

11,016

22,742

28,049

11,399

1,179

17,377

24,204

6,898

-153

18,026

24,916

4,603

-1,797

12,576

15,635

4,765

-5,853

Non-cash items included in net income:
Depreciation and amortization

19,487

19,589

19,388

19,410

19,040

18,901

18,607

18,835

18,445

18,348

18,060

17,625

18,839

20,039

17,277

16,380

15,251

15,265

14,504

13,935

13,860

14,958

14,812

14,928

12,024

12,051

11,732

11,749

11,089

11,256

10,746

10,537

10,821

11,152

11,373

11,614

12,148

13,269

14,256

15,045

16,060

Other post-retirement and post-employment benefits

364

369

368

369

369

442

442

436

447

398

398

398

398

411

411

410

411

464

511

464

417

309

310

310

310

298

298

298

415

419

420

419

420

415

415

415

415

423

422

423

423

Stock-based compensation

4,358

1,422

1,336

1,621

2,451

1,102

1,307

1,196

3,712

991

956

1,132

4,671

741

959

1,101

5,340

1,144

1,691

2,777

3,485

1,718

2,127

2,119

2,633

2,011

1,576

1,598

2,266

1,398

1,432

1,447

2,160

1,961

1,812

1,817

1,581

1,581

1,939

1,572

1,509

Reduction in carrying amount of right-of-use assets

5,599

5,684

5,635

6,058

5,559

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

916

1,312

479

6

0

29

239

1,313

1,963

54

132

12

51

46

226

1,888

0

0

10

4,146

0

69

0

30

-

-

-

-

Deferred income taxes

12,258

1,952

3,438

241

1,119

464

1,971

1,958

-1,196

-41,734

8,002

-520

646

6,124

7,929

3,731

2,711

6,846

4,974

1,353

2,084

11,673

1,432

-3,456

5,006

2,398

10,380

3,742

1,931

772

4,616

269

1,403

4,988

3,323

3,333

756

-1,383

10,529

-1,882

-68

Loss on sale and retirement of long-lived assets, net

-

-

-

-

-

17,547

205

-680

-808

25,807

5,756

113

-784

29,709

-711

-70

-60

12,812

-166

-107

-76

18,485

-11

-7,801

8,382

26

-250

-16

-104

-383

-214

-745

310

-670

69

159

169

6,483

-1,027

2,677

818

Amortization of deferred gain on sale leaseback transaction

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of goodwill and intangible assets

32,661

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock issued to retirement plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5,352

9,728

0

0

-4,864

0

0

0

-4,906

0

0

0

-5,400

Other – net

2,252

-729

-54

-772

-2,038

4,050

-2,139

-917

742

300

-678

437

1,890

-3,543

1,552

-943

-1,589

17

3,211

393

-2,405

-3,635

197

-1,583

328

-1,086

-380

-1,032

-1,921

-1,051

102

-587

-1,021

-1,683

1,198

128

-492

-107

-1,626

-164

-128

Net increase (decrease) in operating assets and liabilities, net of divestitures

81,573

-25,079

-27,922

1,243

55,038

-5,804

-20,475

-18,127

55,135

-23,687

-31,968

27,165

57,899

-44,012

-23,978

-3,679

54,239

-46,822

-31,721

25,680

80,938

-37,218

-27,536

4,083

58,349

-

-47,641

21,196

55,620

-

-34,817

-10,021

45,229

-

-33,415

8,893

43,307

-

-6,948

-4,288

43,121

Increase (decrease) in other liabilities

-312

934

-1,926

-3,044

-4,832

1,387

916

-514

447

4,508

-6,991

-69

-2,339

-3,283

-330

-2,808

-3,189

81

-867

1,212

2,155

-1,162

2,326

338

17

340

1,456

2,454

1,979

-2,053

-1,195

3,089

831

-2,447

1,275

704

2,684

353

-2,750

-365

-442

Changes in working capital, excluding acquisition and disposition:
Net cash flows from (to) operating activities

-33,306

103,758

102,855

41,041

-28,274

71,393

85,559

60,231

-30,753

75,805

84,646

4,707

-32,009

109,655

81,883

52,054

-20,230

114,950

90,306

17,413

-49,317

92,989

81,799

29,073

-36,065

81,515

101,716

13,043

-31,272

63,941

75,152

33,382

-27,698

67,306

75,331

13,624

-21,983

45,265

47,578

26,943

-25,402

Net Cash Flows From (To) Investing Activities:
Capital expenditures

8,488

14,733

11,434

17,084

17,575

15,761

13,200

14,304

12,383

22,101

35,412

26,658

25,072

30,629

20,374

21,152

21,270

24,581

24,297

13,647

20,085

23,122

16,491

18,401

16,309

18,184

16,661

15,180

10,952

12,176

11,665

7,113

8,519

10,858

5,197

7,554

4,186

7,849

5,534

7,594

4,706

Proceeds from sale of property, plant, and equipment

49

80

88

91

68

1,081

4,242

91

18,353

363

7,988

582

76

68

488

348

151

1,418

659

72

52

2,732

41

1,577

12,011

136

89

165

31

586

90

301

205

558

2,102

186

409

72

548

342

1,327

Capitalized software

4,671

1,961

1,150

1,427

1,521

956

1,455

1,689

3,948

1,399

4,391

4,654

7,704

6,456

6,269

7,247

6,187

8,812

7,394

8,012

8,138

7,843

14,135

10,028

6,384

5,604

4,827

3,646

3,841

3,435

7,928

5,136

4,298

91

425

2,420

412

197

714

35

93

Acquisition spending, net of cash acquired

9,321

-

-

-

0

-

-

-

-

-

-

-

-

735

-497

0

34,064

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investments

1,456

562

3,681

2,459

0

205

1,142

724

605

577

834

501

1,539

0

3,849

3,917

958

799

2,063

798

0

2,503

500

499

299

1

0

0

1,106

802

1,561

1,753

1,438

1,000

8,200

1,920

4,435

3,831

6,404

2,000

2,805

Sales or maturities of investments

996

956

2,087

1,352

450

725

1,018

707

650

519

741

326

1,611

38

3,823

3,858

900

800

1,200

1,550

0

2,500

500

3,670

1,100

2,503

300

1,350

900

800

1,705

1,357

900

623

2,055

2,095

1,707

2,304

5,750

1,670

900

Other – net

-

-

-

-

-

0

1

-342

-794

1

-1

0

-1,510

590

1

1

-502

0

0

0

0

-

-

-

-

313

0

0

578

-921

-263

108

115

1

12

43

-468

-501

-2,841

0

-603

Net cash flows from (to) investing activities

-22,891

-13,027

-13,788

-17,502

-18,578

-15,116

-13,388

-15,577

2,861

-23,196

-32,805

-30,905

-31,118

-38,304

-25,685

-28,111

-60,926

-31,974

-31,895

-20,835

-28,171

-90,058

-30,590

-23,681

-9,881

-21,463

-21,099

-17,311

-15,546

-14,106

-45,990

-12,452

-13,265

-65,759

-9,677

-9,656

-6,449

-9,149

-3,513

-7,617

-4,774

Net Cash Flows From (To) Financing Activities:
Payments of long-term debt

15,000

90,895

84,767

39,666

606

-3,808

61,465

188,637

102,693

91,346

65,901

50,910

68,579

95,061

73,076

256,870

169,540

113,664

100,091

185,900

55,567

92,684

79,124

44,035

19,752

10,256

89,495

29,405

34,368

84,478

43,874

25,924

25,057

20,550

1,678

4,865

-570

396

-236

52,352

1,729

Proceeds from long-term debt

70,129

25,260

39,098

29,780

46,897

320

10,476

157,232

155,047

52,149

48,298

92,559

146,331

68,700

36,927

233,205

273,154

47,470

53,050

217,405

130,524

121,756

60,579

40,332

60,141

392

28,222

51,200

78,153

43,844

25,000

20,000

60,000

0

455

5,000

0

0

157

50,000

0

Dividends paid

13,033

13,068

13,089

13,203

12,872

12,884

12,933

12,887

12,381

12,382

12,448

12,595

12,132

12,235

12,276

12,225

11,759

11,700

11,736

11,776

11,117

11,120

11,167

11,254

10,787

10,838

10,887

10,903

10,866

10,808

10,852

10,914

10,467

10,310

10,302

10,290

10,348

9,639

9,624

9,729

9,745

Purchase of HNI Corporation common stock

5,839

18,781

7,749

33,488

23,869

14,409

6,923

1,775

7,345

4,655

30,233

11,351

11,266

25,419

21,661

7,053

1,692

1,878

9,576

9,909

5,294

32,579

22,278

8,378

4,673

13,667

6,110

5,861

1,850

7,662

7,198

6,161

0

0

0

0

10,000

11

7,509

7,006

3,291

Proceeds from sales of HNI Corporation common stock

722

8,135

3,432

13,493

5,413

3,710

7,141

5,991

2,764

2,200

3,711

6,515

1,798

725

15,470

4,396

1,005

728

1,091

1,503

8,954

14,199

1,127

1,484

1,659

2,404

747

1,853

4,587

1,786

1,969

624

2,017

591

573

587

1,447

762

591

1,043

608

Other – net

2,558

-2,322

-1,761

455

2,942

-3,741

4,206

-2,326

-2,035

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Withholding related to net share settlements of equity based awards

-

-

-

-

-

-

-

-

-

-

0

0

209

0

0

0

0

-

-

-

-

-

-

-

-

-1

0

1

1,598

0

0

26

5,969

0

0

0

0

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

916

1,312

479

6

0

29

239

1,313

1,963

54

132

12

51

46

226

1,888

0

0

10

4,146

0

69

0

30

-

-

-

-

Net cash flows from (to) financing activities

39,537

-91,671

-64,836

-42,629

17,905

-23,196

-59,498

-42,402

33,357

-51,677

-56,573

24,218

55,943

-62,374

-53,304

-38,068

91,174

-79,044

-67,233

11,391

68,813

1,535

-50,809

-21,798

26,600

-31,913

-77,477

7,109

35,946

-57,318

-34,955

-22,391

24,670

-30,269

-10,883

-9,568

-18,301

-9,259

-16,149

-18,044

-14,157

Net increase (decrease) in cash and cash equivalents

-16,660

-940

24,231

-19,090

-28,947

33,081

12,673

2,252

5,465

932

-4,732

-1,980

-7,184

8,977

2,894

-14,125

10,018

3,932

-8,822

7,969

-8,675

4,466

400

-16,406

-19,346

28,139

3,140

2,841

-10,872

-7,483

-5,793

-1,461

-16,293

-28,722

54,771

-5,600

-46,733

26,857

27,916

1,282

-44,333