| Cash Flow for HNI Corp. (HNI) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 120,378 | 123,375 | 137,420 | 113,582 | 98,105 | | Depreciation & Amortization | 68,173 | 69,503 | 65,514 | 66,703 | 72,772 | | Deferred Income Taxes | (4,935) | (3,712) | (8,933) | 708 | (3,314) | | Operating Losses | 2,632 | 8,481 | 10,894 | 11,205 | 12,650 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 39,941 | (24,059) | (25,654) | (26,960) | 1,006 | | Decrease in Inventories | 20,380 | (7,123) | (10,488) | (9,409) | (3,004) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 30,944 | (2,794) | 36,809 | 25,990 | (35,288) | | Increase in Other Current Liabilities | - | - | (5,534) | 12,582 | (3,161) | | Decrease in Other Working Capital | 2,004 | (4,830) | 5,188 | - | - | | Other Non-Cash Items | 9,406 | 10,302 | - | - | - | | Net Cash from Continuing Operations | 291,187 | 159,602 | 201,009 | 194,256 | 141,274 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 291,187 | 159,602 | 201,009 | 194,256 | 141,274 | | | | Sale of Property, Plant, Equipment | 12,145 | 5,952 | 317 | 2,968 | 1,808 | | Sale of Short Term Investments | - | 926 | 2,400 | 60,949 | - | | | Purchase of Property, Plant, Equipment | (58,914) | (59,924) | (38,912) | (32,417) | (34,842) | | Acquisitions | (41,696) | (78,569) | (33,804) | (134,848) | - | | Purchase of Short Term Investments | - | - | - | - | (49,326) | | Other Investment Changes, Net | 294 | - | (2,958) | (3,733) | (8,376) | | Cash from Investing Activities | (92,022) | (136,965) | (74,947) | (114,719) | (81,478) | | | Issuance of Debt | 289,503 | 515,157 | 199,000 | - | 761 | | Issuance of Capital Stock | 9,708 | 5,786 | 14,997 | 15,579 | 12,063 | | | Repayment of Debt | (309,297) | (352,401) | (57,970) | (26,795) | (20,992) | | Repurchase of Capital Stock | (147,675) | (203,646) | (202,217) | (145,604) | (21,512) | | Payment of Cash Dividends | (36,408) | (36,028) | (33,841) | (32,023) | (30,299) | | Other Financing Charges, Net | 808 | 865 | - | - | - | | Cash from Financing Activities | (193,361) | (70,267) | (80,031) | (188,843) | (59,979) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 5,804 | (47,630) | 46,031 | (109,306) | (183) | | | Cash at Beginning of Year | 28,077 | 75,707 | 29,676 | 138,982 | 139,165 | | Cash at End of Period | 33,881 | 28,077 | 75,707 | 29,676 | 138,982 | | | |
