Company: JBI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001839839-25-000132
Chunk: 22

Company: Janus International Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 7
Chunk 22
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ness.

As of March 29, 2025 and December 28, 2024, the Company 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 March 29, 2025 and December 28, 2024 was approximately $76.3.

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.

Three month period ended March 29, 2025 compared to the three month period ended March 30, 2024:

Three Months EndedVariance(dollar amounts in tables in millions)March 29, 2025March 30, 2024$%Net cash provided by operating activities$48.3 $28.6 $19.7 68.9 %Net cash used in investing activities(6.4)(4.6)(1.8)39.1 %Net cash used in financing activities(50.6)(17.1)(33.5)195.9 %Effect of foreign currency rate changes on cash0.2 (0.2)0.4 (200.0)%Net (decrease) increase in cash $(8.5)$6.7 $(15.2)(226.9)%

Net cash provided by operating activities

Net cash provided by operating activities increased by $19.7 for the period ended March 29, 2025 as compared to the period ended March 30, 2024. This is a result of a reduction in net working capital accounts yielding a cash inflow primarily related to collections of account receivable balances, and timing of accrual balances such as timing of interest payments; offset by a reduction of $17.3 decline in net income adjusted for non-cash items.

Net cash used in investing activities

Net cash used in investing activities increased by $1.8 for the period ended March 29, 2025 as compared to the period ended March 30, 2024. The increase in cash used was primarily due to timing of investments in property and equipment. 

Net cash used in financing activities

Net cash used in financing activities increased by $33.5 for the period ended March 29, 2025 as