Company: JBI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001839839-25-000141
Chunk: 103

Company: Janus International Group, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 103
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 December 28, 2024, we maintained one letter of credit totaling approximately $0.4 on which there were no balances due. The amount available on the line of credit as of both June 28, 2025 and December 28, 2024 was approximately $70.7 and $82.4, respectively.

Statement of Cash Flows

The following table presents a summary of cash flows from operating, investing and financing activities for the following comparative periods. For additional detail, please see the Unaudited Condensed Consolidated Statements of Cash Flows in the Unaudited Condensed Consolidated Financial Statements.

Six month period ended June 28, 2025 compared to the six month period ended June 29, 2024:

Six Months EndedVariance(dollar amounts in millions)June 28, 2025June 29, 2024$%Net cash provided by operating activities$99.7 $59.6 $40.1 67.3 %Net cash used in investing activities(13.2)(70.4)57.2 (81.3)%Net cash used in financing activities(62.8)(50.7)(12.1)23.9 %Effect of foreign currency rate changes on cash0.6 (0.1)0.7 (700.0)%Net increase (decrease) in cash $24.3 $(61.6)$85.9 (139.4)%

Net cash provided by operating activities

Net cash provided by operating activities increased by $40.1 for the six month period ended June 28, 2025 as compared to the six month period ended June 29, 2024. This is a result of a reduction in net working capital accounts yielding a cash inflow primarily related to collections of accounts receivable balances, and timing of accrual balances such as timing of interest payments, which was partially offset by lower net income.

Net cash used in investing activities

Net cash used in investing activities decreased by $57.2 for the six month period ended June 28, 2025 as compared to the six month period ended June 29, 2024. The decrease in cash used was primarily due to the acquisition of T.M.C. during May of 2024.

Net cash used in financing activities

Net cash used in financing activities increased by $12.1 for the six month period ended June 28, 2025 as compared to the