So long as your borrower is the same and the loan being paid off and the current loan are both secured by a dwelling, it's reportable. Any cash out in addition to the refinancing is only relevant if it is used for a home purchase or home improvement. There's no business purpose exemption in HMDA.
Just tagging on - there's also no "majority of proceeds" test for HMDA. If your new loan is a $100,000 refinance with cash out and you are paying off a $100 existing lien but using the rest to finance a tiddlywinks team, the loan is still a refinance as far as HMDA is concerned.