Company: JBI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001839839-25-000150
Chunk: 6

Company: Janus International Group, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 6
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 flows provided by operating activitiesNet income$46.7 $70.1 Adjustments to reconcile net income to net cash provided by operating activitiesDepreciation of property, plant, and equipment9.1 8.9 Noncash lease expense5.8 5.6 Provision for inventory obsolescence1.3 0.2 Amortization of intangibles24.8 23.7 Deferred finance fee amortization2.1 1.9 Provision for expected losses on accounts receivable0.4 8.6 Share-based compensation11.9 7.2 Impairment— 2.8 Gain on equity method investment(0.1)— Deferred income taxes, net17.4 7.9 Changes in operating assets and liabilities, excluding effects of acquisitionAccounts receivable21.3 7.3 Contract assets(4.5)24.5 Inventories(10.4)(5.7)Prepaid expenses and other current assets(6.8)(13.3)Other assets0.7 0.4 Accounts payable1.1 (8.6)Contract liabilities(3.0)(6.3)Accrued expenses and other current liabilities2.0 (27.5)Other long-term liabilities(5.1)(5.1)Net cash provided by operating activities$114.7 $102.6 Cash flows used in investing activitiesPurchases of property, plant, and equipment$(19.9)$(14.0)Cash paid for acquisition, net of cash acquired(0.1)(59.4)Payment for equity method investment — (2.5)Net cash used in investing activities$(20.0)$(75.9)Cash flows used in financing activitiesPrincipal payments on long-term debt$(44.5)$(23.4)Repurchase of common stock(15.9)(70.2)Cash paid for common stock withheld for taxes(2.8)(1.2)Principal payments on finance lease obligations(1.6)(1.4)Excise taxes paid for repurchase of common stock(0.8)— Payments for deferred financing fees— (0.2)Net cash used in financing activities$(65.6)$(96.4)Effect of exchange rate changes on cash and cash equivalents$0.5 $0.1 Net increase (decrease)