← HNI CORP
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $89.8m |
$93.4m
+3.99%
|
$110.5m
+18.34%
|
$41.9m
-62.07%
|
$41.9m
+0.00%
|
$123.9m
+195.57%
|
$49.2m
-60.29%
|
$139.5m
+183.54%
|
$54.2m
-61.15%
|
$54.2m
0.00%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $89.9m | $93.3m | $110.5m | $41.9m | — | $123.9m | $49.2m | $139.5m | $54.2m | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $103k | ($51k) | ($2k) | $2k | — | $0 | $0 | $0 | $0 | — | — | |
| Depreciation, Depletion and Amortization | $72.9m | $74.8m | $77.4m | $77.7m | $77.7m | $84.2m | $94.9m | $107.8m | $107.1m | $107.1m | $198.0m | |
| Amortization of Intangible Assets | $7.0m | $6.6m | $6.3m | $5.0m | — | $6.5m | $8.5m | $10.5m | $12.2m | — | — | |
| Capitalized Computer Software, Amortization | $9.4m | $17.1m | $18.1m | $19.3m | — | $24.4m | $21.6m | $20.4m | $18.7m | — | — | |
| Depreciation | $56.5m | $51.1m | $53.0m | $53.4m | $77.7m | $53.3m | $64.7m | $76.9m | $76.2m | $107.1m | $198.0m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $84.2m | $94.9m | $107.8m | $107.1m | — | $198.0m | |
| Deferred Income Tax Expense (Benefit) | ($33.0m) | $3.9m | $6.0m | ($12.1m) | — | ($15.9m) | ($1.0m) | ($13.2m) | $33.7m | — | $51.1m | |
| Deferred income taxes | ($33.6m) | $3.2m | $6.8m | — | ($12.0m) | ($372k) | ($600k) | ($14.1m) | — | $33.7m | $51.1m | |
| Deferred Income Tax | — | — | — | — | — | ($15.3m) | ($600k) | ($14.1m) | $33.7m | — | $51.1m | |
| Deferred Tax | — | — | — | — | — | ($15.3m) | ($600k) | ($14.1m) | $33.7m | — | $51.1m | |
| Share-based Payment Arrangement, Noncash Expense | $7.8m | $7.3m | $6.8m | $7.8m | — | $9.0m | $16.5m | $17.4m | $24.7m | — | $42.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $245k | $156k | — | — | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $7.8m | $7.3m | $6.8m | $7.8m | — | $9.0m | $16.5m | $17.4m | $24.7m | — | $42.3m | |
| Stock-based compensation | $7.8m | $7.3m | $6.8m | — | $7.8m | $12.9m | $16.5m | $17.4m | $24.7m | $24.7m | $42.3m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $11.2m | $12.2m | — | $28.5m | — | — | $27.6m | — | $0 | — | $11.3m | |
| Asset impairment charges | — | — | — | — | — | $6.2m | $31.5m | $0 | $7.7m | $7.7m | $11.3m | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | — | $600k | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | $400k | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | ($80.4m) | $69.9m | ($30.5m) | $26.0m | — | ($165.2m) | |
| Increase (Decrease) in Inventories | — | — | — | — | — | — | — | — | — | — | — | |
| Decrease in other liabilities | ($4.9m) | $2.2m | ($8.9m) | — | $7.7m | ($530k) | ($6.6m) | ($11.4m) | — | $2.1m | — | |
| Change In Other Current Liabilities | — | — | — | — | — | ($7.7m) | ($6.6m) | ($11.4m) | $2.1m | — | ($43.3m) | |
| Net Cash Provided by (Used in) Operating Activities | $133.1m |
$186.4m
+40.02%
|
$219.4m
+17.67%
|
$214.5m
-2.24%
|
$214.5m
0.00%
|
$81.2m
-62.14%
|
$267.5m
+229.43%
|
$226.7m
-15.25%
|
$276.3m
+21.88%
|
$276.3m
0.00%
|
$200.4m
-27.47%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $109.2m | ($55.6m) | ($60.8m) | — | ($32.3m) | ($53.5m) | ($78.1m) | ($50.6m) | ($67.8m) | ($65.8m) | ($101.3m) | |
| Capital Expenditure Reported | $109.2m | $63.7m | $66.9m | $41.8m | $66.5m | ($68.4m) | ($79.1m) | ($52.9m) | ($67.8m) | — | ($101.3m) | |
| Payments to Acquire Investments | $3.5m | $2.7m | $6.7m | $4.2m | — | $2.8m | $5.7m | $3.2m | $2.8m | — | ($4.1m) | |
| Purchase of investments | ($3.5m) | ($2.7m) | ($6.7m) | — | ($4.2m) | ($3.4m) | ($5.7m) | ($3.2m) | — | ($2.8m) | ($4.1m) | |
| Sales or maturities of investments | $3.2m | $3.1m | $4.8m | — | $3.6m | $3.3m | $5.4m | $4.7m | — | $4.8m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $2.9m | $0 | $58.3m | — | $11.4m | $369.7m | $0 | $390.3m | — | ($436.7m) | |
| Payments for (Proceeds from) Other Investing Activities | ($1.5m) | ($1.1m) | ($5.5m) | $0 | — | $0 | ($1.6m) | ($400k) | ($4.1m) | — | — | |
| Net Other Investing Changes | — | — | — | — | — | $100k | $1.6m | $400k | $4.1m | — | $4.1m | |
| Net cash flows from (to) investing activities | ($118.0m) | ($41.2m) | ($62.9m) | — | ($100.4m) | ($111.0m) | ($444.8m) | ($51.0m) | — | ($443.9m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($118.0m) | ($41.2m) | ($62.9m) | ($100.4m) | — | ($10.7m) | ($444.8m) | ($51.0m) | ($443.9m) | — | ($505.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Long-term Debt | $339.3m | $323.1m | $141.0m | $83.3m | — | $413.9m | $684.0m | $328.2m | $1.3b | — | $1.3b | |
| Payments of debt | ($274.3m) | ($352.7m) | ($215.9m) | — | ($83.2m) | ($2.6m) | ($436.0m) | ($420.6m) | — | ($782.5m) | — | |
| Proceeds from debt | $339.3m | $323.1m | $141.0m | — | $83.3m | $5.0m | $684.0m | $328.2m | — | $1.3b | — | |
| Debt-issuance costs | — | — | — | — | — | — | ($3.0m) | $0 | — | ($14.6m) | — | |
| Issuance Of Debt | — | — | — | — | — | $413.9m | $684.0m | $328.2m | $1.3b | — | $1.3b | |
| Long Term Debt Issuance | — | — | — | — | — | $413.9m | $684.0m | $328.2m | $1.3b | — | $1.3b | |
| Long Term Debt Payments | — | — | — | — | — | ($401.6m) | ($436.0m) | ($420.6m) | ($782.5m) | — | ($826.2m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $12.3m | $248.0m | ($92.4m) | $514.2m | — | $492.9m | |
| Net Long Term Debt Issuance | — | — | — | — | — | $12.3m | $248.0m | ($92.4m) | $514.2m | — | $492.9m | |
| Repayment Of Debt | — | — | — | — | — | ($401.6m) | ($436.0m) | ($420.6m) | ($782.5m) | — | ($826.2m) | |
| Payments for Repurchase of Common Stock | $57.5m | $30.5m | $83.9m | $6.8m | — | $65.2m | $300k | $65.8m | $83.6m | — | — | |
| Proceeds from Issuance of Common Stock | $14.2m | $19.6m | $30.5m | $8.1m | — | $4.7m | $2.3m | $51.2m | $3.8m | — | $3.4m | |
| Purchase of HNI Corporation common stock | ($57.5m) | ($30.5m) | ($83.9m) | — | ($6.8m) | ($59.2m) | ($300k) | ($65.8m) | — | ($83.6m) | — | |
| Proceeds from sales of HNI Corporation common stock | $14.2m | $19.6m | $30.5m | — | $8.1m | $31.1m | $2.3m | $51.2m | — | $3.8m | — | |
| Common Stock Dividend Paid | — | — | — | — | — | ($53.2m) | ($58.5m) | ($63.6m) | ($63.1m) | — | ($83.3m) | |
| Common Stock Issuance | — | — | — | — | — | $4.7m | $2.3m | $51.2m | $3.8m | — | $3.4m | |
| Common Stock Payments | — | — | — | — | — | ($65.2m) | ($300k) | ($65.8m) | ($83.6m) | — | ($3.8m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $4.7m | $2.3m | $51.2m | $3.8m | — | $3.4m | |
| Net Common Stock Issuance | — | — | — | — | — | ($60.5m) | $2.0m | ($14.6m) | ($79.8m) | — | ($400k) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($65.2m) | ($300k) | ($65.8m) | ($83.6m) | — | ($3.8m) | |
| Dividends paid | $50 | $51 | $52 | $52 | ($52) | $53 | $58 | $64 | — | ($63) | ($83.3m) | |
| Cash Dividends Paid | — | — | — | — | — | ($53.2m) | ($58.5m) | ($63.6m) | ($63.1m) | — | ($83.3m) | |
| Withholding related to net share settlements of equity based awards | ($245k) | ($156k) | — | — | — | — | $6.1m | ($7.6m) | — | ($13.3m) | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | ($686k) | $616k | — | ($4.0m) | ($2.8m) | ($11.6m) | ($12.5m) | — | — | |
| Net Other Financing Charges | — | — | — | — | — | ($4.0m) | ($2.7m) | ($11.6m) | ($8.2m) | — | ($23.9m) | |
| Net cash flows from (to) financing activities | ($28.1m) |
($91.7m)
-226.60%
|
($181.2m)
-97.55%
|
— | ($50.0m) |
($84.5m)
-68.78%
|
$188.8m
+323.50%
|
($182.2m)
-196.50%
|
— | $363.1m | — | |
| Net Cash Provided by (Used in) Financing Activities | ($28.1m) |
($91.7m)
-226.60%
|
($181.2m)
-97.55%
|
($50.0m)
+72.38%
|
— | ($105.4m) |
$188.8m
+279.13%
|
($182.2m)
-196.50%
|
$363.1m
+299.29%
|
— | $385.2m | |
| Net increase (decrease) in cash and cash equivalents | ($13.0m) | $53.5m | ($24.7m) | — | $64.0m | ($63.9m) | $11.5m | ($6.4m) | — | $195.4m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($24.7m) | $64.0m | — | ($34.8m) | $11.5m | ($6.4m) | $195.4m | — | $112.6m | |
| Cash, cash equivalents, and restricted cash at beginning of period | $23.3m | $76.8m | $52.1m | — | $116.1m | $52.3m | $28.9m | $22.5m | — | $217.9m | — | |
| Beginning Cash Position | — | — | — | — | — | $52.3m | $17.4m | $28.9m | $22.5m | — | $32.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $52.1m | $116.1m | — | $17.4m | $28.9m | $22.5m | $217.9m | — | $112.6m | |
| Acquisition spending, net of cash acquired | ($898k) | ($2.9m) | $0 | — | ($58.3m) | ($44.6m) | ($369.7m) | $0 | — | ($390.3m) | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $9.9m | $7.5m | $7.6m | $9.2m | $26.5m | $28.7m | $25.3m | — | — | |
| Income Taxes Paid, Net | — | — | — | — | $26.4m | $31.1m | $25.0m | $46.5m | $23.8m | — | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Disposition of Assets | $1.9m | $0 | $0 | — | — | $50.4m | $0 | $0 | ($6.6m) | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | — | — | — | |
| Goodwill | $279.5m | $270.8m | $270.8m | $292.4m | — | $305.9m | $441.0m | $442.1m | $958.0m | — | $11.3m | |
| Income Tax Expense (Benefit) | ($19.3m) | $25.4m | $32.2m | $12.5m | — | $22.5m | $15.6m | $39.8m | $36.5m | — | — | |
| Investment Income, Interest | $297k | $579k | — | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $11.4m | $17.0m | $27.9m | $5.5m | — | $2.1m | $8.1m | $49.4m | $1.6m | — | — | |
| Restructuring Costs | — | — | — | — | — | $15.5m | $45.7m | $11.2m | $21.1m | — | — | |
| Other post-retirement and post-employment benefits | $1.6m | $1.8m | $1.5m | — | $1.5m | $1.3m | $1.1m | $1.1m | — | $1.9m | — | |
| Loss on sale of subsidiary | — | — | — | — | $0 | ($50.4m) | $0 | $0 | — | $6.6m | — | |
| Other – net | $1.5m | $1.1m | ($686k) | — | $616k | ($5.1m) | ($2.8m) | ($11.6m) | — | ($12.5m) | — | |
| Capitalized software | ($18.1m) | ($8.0m) | ($6.1m) | — | ($9.5m) | ($13.1m) | ($1.0m) | ($2.3m) | — | ($2.0m) | — | |
| Net proceeds from sale of subsidiary | — | — | — | — | $0 | $69.5m | $2.7m | $0 | — | $8.1m | — | |
| Proceeds from COLI | — | — | — | — | — | — | $0 | $0 | — | $32.0m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($105.4m) | $188.6m | ($182.2m) | $362.9m | — | $385.2m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($10.8m) | ($444.8m) | ($51.0m) | ($443.9m) | — | ($505.2m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($34.8m) | $11.5m | ($6.4m) | $195.4m | — | — | |
| Change In Other Working Capital | — | — | — | — | — | ($72.7m) | $76.5m | ($19.1m) | $23.9m | — | ($41.0m) | |
| Changes In Cash | — | — | — | — | — | ($34.9m) | $11.5m | ($6.4m) | $195.4m | — | $80.6m | |
| End Cash Position | — | — | — | — | — | $17.4m | $28.9m | $22.5m | $217.9m | — | $112.6m | |
| Financing Cash Flow | — | — | — | — | — | ($105.4m) |
$188.8m
+279.13%
|
($182.2m)
-196.50%
|
$363.1m
+299.29%
|
— | $385.2m | |
| Free Cash Flow | — | — | — | — | — | $12.8m | $188.4m | $173.8m | $208.5m | — | $99.3m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | ($50.4m) | $0 | $0 | $6.6m | — | $200k | |
| Investing Cash Flow | — | — | — | — | — | ($10.7m) | ($444.8m) | ($51.0m) | ($443.9m) | — | ($505.2m) | |
| Net Business Purchase And Sale | — | — | — | — | — | $58.1m | ($367.0m) | $0 | ($382.2m) | — | ($428.3m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | ($500k) | ($300k) | $1.5m | $2.0m | — | $4.6m | |
| Operating Gains Losses | — | — | — | — | — | ($49.1m) | $1.1m | $1.1m | $8.5m | — | $3.3m | |
| Other Non Cash Items | — | — | — | — | — | $2.7m | $5.0m | $5.5m | $14.4m | — | — | |
| Pension And Employee Benefit Expense | — | — | — | — | — | $1.3m | $1.1m | $1.1m | $1.9m | — | $3.1m | |
| Purchase Of Business | — | — | — | — | — | ($11.4m) | ($369.7m) | $0 | ($390.3m) | — | ($436.7m) | |
| Purchase Of Investment | — | — | — | — | — | ($2.8m) | ($5.7m) | ($3.2m) | ($2.8m) | — | ($4.1m) | |
| Sale Of Business | — | — | — | — | — | $69.5m | $2.7m | $0 | $8.1m | — | $8.4m | |
| Sale Of Investment | — | — | — | — | — | $2.3m | $5.4m | $4.7m | $4.8m | — | $8.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.