Company: JBI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001839839-25-000141
Chunk: 45

Company: Janus International Group, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 45
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 by operating activitiesNet income$31.5 $58.3 Adjustments to reconcile net income to net cash provided by operating activitiesDepreciation of property, plant, and equipment5.9 5.9 Noncash lease expense3.9 3.6 Provision for inventory obsolescence1.1 — Amortization of intangibles16.5 15.5 Deferred income taxes, net5.1 5.7 Deferred finance fee amortization1.6 1.4 Provision for expected losses on accounts receivable0.3 0.5 Share-based compensation8.4 5.3 Loss on equity method investment0.3 — Changes in operating assets and liabilities, excluding effects of acquisitionAccounts receivable22.3 (2.7)Contract assets(5.1)16.9 Prepaid expenses and other current assets(3.2)(13.7)Inventories(1.1)(2.2)Other assets0.4 0.1 Accounts payable12.2 (2.8)Contract liabilities(2.2)(1.6)Accrued expenses and other current liabilities5.0 (27.4)Other long-term liabilities(3.2)(3.2)Net cash provided by operating activities$99.7 $59.6 Cash flows used in investing activitiesPurchases of property, plant, and equipment$(13.2)$(10.3)Cash paid for acquisition, net of cash acquired— (60.1)Net cash used in investing activities$(13.2)$(70.4)Cash flows used in financing activitiesPrincipal payments on long-term debt$(43.0)$(23.4)Principal payments under finance lease obligations(1.2)(1.0)Cash paid for common stock withheld for taxes(2.8)(0.9)Excise taxes paid for repurchase of common stock(0.8)— Payments for deferred financing fees— (0.2)Repurchase of common stock(15.0)(25.2)Net cash used in financing activities$(62.8)$(50.7)Effect of exchange rate changes on cash and cash equivalents$0.6 $(0.1)Net increase (decrease) in cash$24.3 $(61.6)Cash, beginning of period$149.3 $171.7