Company: JBI
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001839839-25-000032
Chunk: 11

Company: Janus International Group, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 11
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 Shares. 

See accompanying Notes to Consolidated Financial Statements

57

Janus International Group, Inc.Consolidated Statements of Cash Flows(dollar amounts in millions)Year EndedDecember 28, 2024December 30, 2023December 31, 2022Cash flows provided by operating activitiesNet income$70.4 $135.7 $107.7 Adjustments to reconcile net income to net cash provided by operating activitiesDepreciation of property, plant and equipment12.0 9.3 7.9 Noncash lease expense7.6 6.3 5.4 Provision for inventory obsolescence— — (0.7)Amortization of intangibles32.0 29.8 29.7 Deferred finance fee amortization2.4 3.6 3.7 Provisions for (reversal of) expected losses on accounts receivable15.7 (0.7)1.7 Share-based compensation10.7 7.1 4.1 Impairment12.0 — — Loss on extinguishment of debt— 1.6 — (Gain) loss on sale of property, plant, and equipment(5.0)0.1 (0.1)Loss on abandonment of lease— — 0.6 Gain on equity method investment(0.7)— (0.2)Deferred income taxes, net0.1 9.5 13.5 Changes in operating assets and liabilities, excluding effects of acquisitionAccounts receivable24.2 (17.4)(50.1)Contract assets26.2 (10.3)(16.1)Inventories(4.8)19.4 (10.3)Prepaid expenses and other current assets(3.9)4.1 (8.5)Other assets— (1.9)(12.3)Accounts payable(6.1)7.3 (2.7)Contract liabilities(9.1)5.0 (1.8)Accrued expenses and other current liabilities(24.6)10.0 7.7 Other long-term liabilities(5.1)(3.5)9.3 Net cash provided by operating activities$154.0 $215.0 $88.5 Cash flows used in investing