← Janus International Group, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net earnings | $94.1m |
$128.6m
+36.67%
|
$137.6m
+7.01%
|
$94.5m
-31.32%
|
($237.6m)
-351.41%
|
$194.5m
+181.89%
|
$144.7m
-25.63%
|
$236.9m
+63.75%
|
$224.6m
-5.23%
|
— | — | |
| Net Income (Loss) Attributable to Parent | — | — | — | $56.8m | — | $107.7m |
$135.7m
+26.05%
|
$70.4m
-48.12%
|
$53.8m
-23.58%
|
$53.8m
0.00%
|
— | |
| Depreciation and amortization | $53.0m | $78.7m | $94.7m | $125.9m | $145.1m | $177.4m | $202.5m | $44.0m | $46.1m | — | $50.5m | |
| Amortization of Debt Issuance Costs | — | — | — | $3.2m | — | $3.7m | $3.6m | $2.4m | $2.6m | — | — | |
| Amortization of Intangible Assets | — | — | — | $27.0m | — | $29.7m | $29.8m | $32.0m | $33.2m | — | — | |
| Depreciation | $53.0m | $78.7m | $94.7m | $6.0m | $145.1m | $7.9m | $9.3m | $12.0m | $12.9m | $12.9m | $13.6m | |
| Amortization of intangibles | — | — | — | $27.0m | — | $31.6m | $29.8m | $32.0m | — | $33.2m | $36.9m | |
| Deferred financing fee amortization | — | — | — | $3.2m | — | $3.2m | $3.6m | $2.4m | — | $2.6m | — | |
| Amortization of advisor loans | $14.4m | $17.1m | $20.4m | $20.9m | $22.7m | $27.4m | $33.8m | $41.2m | $45.0m | — | — | |
| Deferred Income Tax Expense (Benefit) | $18.3m | $6.1m | ($6.7m) | $349k | ($37.5m) | $13.5m | $9.5m | $100k | $25.4m | $24.9m | $25.8m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | $171k | — | $4.1m | $7.1m | $10.7m | $16.2m | — | $17.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | $1.7m | $3.1m | — | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $7.1m | $10.7m | — | — | $17.1m | |
| Share-based compensation | $4.4m | $6.4m | $7.8m | $171k | $14.3m | $5.3m | $7.1m | $10.7m | $55.6m | $16.2m | $17.1m | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | $0 | $0 | $12.0m | $700k | $700k | — | |
| Income (Loss) from Equity Method Investments | — | — | — | $61k | — | $154k | $0 | $700k | — | — | — | |
| Nonoperating Income (Expense) | — | — | — | ($35.6m) | — | ($42.3m) | ($62.9m) | ($46.3m) | ($35.1m) | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | $441k | — | ($227k) | $1.0m | $0 | $1.7m | — | — | |
| Payment for equity method investment | — | — | — | — | — | $0 | $0 | ($2.5m) | — | $0 | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | $2.5m | — | $50.1m | $17.4m | ($24.2m) | ($28.5m) | — | $21.4m | |
| Provision for (reversal of) expected losses on accounts receivable | $4.7m | $6.9m | $5.4m | $2.4m | $8.7m | $1.7m | ($700k) | $15.7m | — | $400k | — | |
| Accounts receivable | ($38.0m) | ($54.2m) | ($74.5m) | ($2.5m) | — | ($22.6m) | ($17.4m) | $24.2m | — | $28.5m | $21.4m | |
| Increase in accounts receivable, prepaid expenses and other assets | — | — | ($89.2m) | $49.0m | ($322.3m) | ($469.1m) | ($203.7m) | ($210.0m) | ($211.8m) | — | — | |
| Increase (Decrease) in Inventories | — | — | — | ($2.9m) | — | $10.3m | ($19.4m) | $4.8m | $5.4m | — | ($6.7m) | |
| Inventory Write-down | — | — | — | — | — | ($739k) | $0 | $0 | — | — | — | |
| Inventories | — | — | — | $2.9m | — | ($22.2m) | $19.4m | ($4.8m) | — | ($5.4m) | ($6.7m) | |
| Increase (Decrease) in Accounts Payable | $9.2m | — | — | $374k | — | ($2.7m) | $7.3m | ($6.1m) | ($13.7m) | ($13.7m) | ($6.6m) | |
| Increase in accounts payable, accrued expenses and other liabilities | $16.1m | $14.2m | ($15.7m) | ($13.9m) | $153.1m | $39.2m | $9.0m | $16.1m | ($44.6m) | — | — | |
| Accrued expenses and other current liabilities | — | — | — | — | — | $7.7m | $10.0m | ($24.6m) | — | ($6.3m) | — | |
| RSU shares withheld included in accrued employee taxes | — | — | — | — | — | $0 | $400k | $100k | — | $400k | — | |
| Excise taxes from common share repurchase included in accrued expenses | — | — | — | — | — | $0 | $0 | $800k | — | $100k | — | |
| Increase (decrease) in accrued compensation | $57.9m | $36.9m | $16.6m | ($78.6m) | $246.3m | ($85.5m) | ($70.4m) | $63.2m | $75.0m | — | — | |
| Accrued liabilities | $49.9m | — | — | — | — | — | — | — | — | — | ($8.9m) | |
| Unearned revenues | $6.7m | — | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | ($36k) | — | $85k | ($100k) | $5.0m | $600k | — | — | |
| Prepaid expenses and other current assets | ($2.9m) | ($9.0m) | ($16.1m) | ($2.7m) | — | ($6.0m) | $4.1m | ($3.9m) | — | ($10.8m) | — | |
| Other assets | — | — | — | — | — | ($12.3m) | ($1.9m) | $0 | — | $700k | — | |
| Other liabilities | $2.1m | $2.8m | $8.3m | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $212.8m |
$257.5m
+20.97%
|
$310.8m
+20.69%
|
$100.8m
-67.55%
|
$289.0m
+186.55%
|
$88.5m
-69.39%
|
$215.0m
+143.03%
|
$154.0m
-28.37%
|
$139.5m
-9.42%
|
$10.3m
-92.62%
|
$127.4m
+1136.89%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($39.5m) | ($35.6m) | ($44.2m) | $6.3m | ($58.0m) | $8.8m | $19.0m | $20.1m | $25.5m | $300k | ($21.9m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | $0 | — | ($571k) | $1.6m | $0 | — | $0 | $6.5m | |
| Equity earnings from non-consolidated investments | ($923k) | ($1.3m) | ($2.1m) | ($2.9m) | ($6.2m) | ($6.7m) | ($5.1m) | ($7.3m) | ($12.5m) | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $4.5m | — | $0 | $1.0m | $59.4m | $100k | — | ($97.3m) | |
| Other investing activities | ($4.8m) | $81k | ($5.9m) | $982k | ($25.3m) | ($6.8m) | $14.3m | ($14.2m) | $1.2m | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($141.2m) | ($628.1m) | ($218.3m) | ($10.8m) | ($49.4m) | ($8.7m) | ($19.9m) | ($73.1m) | ($25.6m) | ($25.6m) | ($119.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | $258k | — | $0 | ($1.6m) | $0 | $0 | — | — | |
| Loss on extinguishment of debt | — | — | — | ($258k) | — | $2.4m | $1.6m | $0 | — | $0 | — | |
| Principal payments on long-term debt | — | — | — | ($8.3m) | — | ($68.9m) | ($700k) | ($24.9m) | — | ($47.5m) | — | |
| Proceeds from issuance of long-term debt | — | — | — | $0 | — | $155.0m | $337.6m | $0 | — | $0 | $0 | |
| Increase in long-term debt | $314.9m | $985.8m | $585.4m | $616.1m | $597.3m | $1.6b | $925.0m | $1.9b | $1.3b | — | — | |
| Repayment of long-term debt | ($336.5m) | ($800.0m) | ($644.7m) | ($779.2m) | ($819.9m) | ($700.2m) | ($832.9m) | ($1.7b) | ($1.1b) | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | $78.8m | $15.9m | — | — | |
| Repurchase of common stock | — | — | — | — | — | $0 | $0 | ($78.8m) | — | ($15.9m) | — | |
| Dividends paid to common shareholders | ($4) | ($4) | ($4) | ($4) | ($4) | ($13) | ($14) | ($15) | ($15) | — | $0 | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | $4.2m | $0 | — | — | |
| Other financing activities | — | — | — | — | ($1.4m) | $0 | $0 | $4.2m | ($201k) | $0 | — | |
| Net Cash Provided by (Used in) Financing Activities | ($83.9m) |
$395.2m
+570.89%
|
($101.0m)
-125.55%
|
($64.1m)
+36.50%
|
$18.6m
+129.00%
|
($14.6m)
-178.74%
|
($102.4m)
-599.17%
|
($103.0m)
-0.59%
|
($69.4m)
+32.62%
|
($69.4m)
0.00%
|
($37.3m)
+46.25%
|
|
| Net increase (decrease) in cash | — | — | ($12.0m) | $25.3m | $247.7m | ($32.1m) | $93.3m | ($22.4m) | $38.9m | $45.1m | — | |
| Increase (decrease) in cash and cash equivalents | ($4.6m) | $18.5m | ($12.0m) | — | — | — | — | — | — | — | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $25.3m | — | $65.2m | $93.3m | ($22.4m) | $45.1m | — | $111.7m | |
| Cash, beginning of fiscal year | — | — | — | $45.3m | — | $13.2m | $171.7m | $149.3m | — | $194.4m | — | |
| Cash, cash equivalents and restricted cash, beginning of year | — | — | $127.0m | $115.0m | $177.5m | $425.3m | $199.0m | $219.1m | $218.0m | — | — | |
| Cash and cash equivalents, beginning of year | $113.1m | $108.5m | $127.0m | — | — | — | — | — | — | — | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $45.3m | — | $78.4m | $171.7m | $149.3m | $194.4m | — | $111.7m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($600k) | — | $54k | $600k | ($300k) | $600k | — | $300k | |
| Effect of exchange rate changes on cash and cash equivalents | — | — | — | ($600k) | — | $197k | $600k | ($300k) | — | $600k | $300k | |
| Effect of exchange rate changes on cash | $7.7m | ($6.1m) | ($3.5m) | $8.5m | ($10.4m) | ($33.3m) | — | — | — | — | $300k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | ($20.8m) | ($18.9m) | ($31.9m) | $30.8m | ($51.5m) | $40.9m | $43.4m | $58.9m | $39.7m | $39.7m | — | |
| Income Taxes Paid, Net | — | — | — | $1.3m | — | $2.1m | $33.9m | $26.8m | $7.3m | $7.3m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Sale of Properties | — | — | — | — | — | — | — | $5.0m | $0 | — | — | |
| General and Administrative Expense | — | — | — | $76.9m | — | $119.2m | $138.5m | $171.1m | $162.8m | — | — | |
| Goodwill | — | — | — | $259.4m | — | $368.2m | $368.6m | $383.1m | $383.9m | — | $700k | |
| Income Tax Expense (Benefit) | — | — | — | $2.1m | — | $37.6m | $47.1m | $29.9m | $22.6m | — | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | $49.6m | $36.8m | — | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | $2.1m | $5.6m | — | — | |
| Operating Expenses | — | — | — | $109.3m | — | $177.5m | $204.0m | $251.2m | $231.5m | — | — | |
| Noncash lease expense | — | — | — | $0 | — | $5.4m | $6.3m | $7.6m | — | $7.8m | — | |
| Other, net | $9.8m | $1.4m | $3.1m | $2.8m | ($97k) | $19.5m | $0 | ($700k) | $11.7m | $1.0m | — | |
| Contract assets | ($17.2m) | $3.9m | $1.4m | ($75k) | — | ($11.6m) | ($10.3m) | $26.2m | — | ($3.9m) | — | |
| Contract liabilities | $4.6m | $6.5m | ($6.6m) | ($919k) | — | ($1.8m) | $5.0m | ($9.1m) | — | ($1.8m) | — | |
| Other long-term liabilities | — | — | — | — | — | $9.3m | ($3.5m) | ($5.1m) | — | ($700k) | — | |
| Cash paid for acquisition, net of cash acquired | ($58.7m) | ($586.2m) | ($80.6m) | ($4.5m) | ($60.8m) | ($179.7m) | ($1.0m) | ($59.4m) | ($262.2m) | ($100k) | — | |
| Principal payments on finance lease obligations | — | — | — | $0 | — | ($210k) | ($428.5m) | ($1.6m) | — | ($2.1m) | — | |
| Payments for deferred financing fees | — | — | — | $0 | — | ($4.3m) | ($10.8m) | ($200k) | — | $0 | — | |
| Right-of-use assets obtained in exchange for operating lease obligations | — | — | — | $0 | — | $48.4m | $9.5m | $15.9m | — | $20.2m | — | |
| Right-of-use assets and lease liabilities reduced for terminated leases | — | — | — | — | — | $0 | $0 | $500k | — | $0 | — | |
| Right-of-use assets obtained in exchange for finance lease obligations | — | — | — | $0 | — | $1.2m | $3.1m | $1.6m | — | $1.2m | — | |
| Financing liability related to completed sale leaseback | — | — | — | — | — | — | $0 | $0 | — | ($4.2m) | — | |
| Gains attributable to mortgage servicing rights | — | — | — | ($17.1m) | ($29.2m) | ($17.4m) | ($17.7m) | ($15.4m) | ($31.2m) | — | — | |
| Gains attributable to the fair value of mortgage premiums and origination fees | — | — | — | ($38.5m) | ($48.8m) | ($16.6m) | ($16.3m) | ($13.0m) | ($24.2m) | — | — | |
| Contingent consideration (note 7) | — | $10.2m | $22.8m | $29.7m | $48.0m | $53.9m | $32.9m | ($53.7m) | ($12.9m) | — | — | |
| Contingent acquisition consideration paid | ($6.5m) | ($4.4m) | ($8.9m) | ($18.2m) | ($18.0m) | ($69.2m) | ($39.1m) | ($3.4m) | ($7.4m) | — | — | |
| Proceeds received on sale of mortgage loans | — | — | — | $1.2b | $2.6b | $1.1b | $1.1b | $1.0b | $2.1b | — | — | |
| Principal funded on originated mortgage loans | — | — | — | ($1.4b) | ($2.5b) | ($973.5m) | ($1.3b) | ($900.2m) | ($2.2b) | — | — | |
| Increase (decrease) in mortgage warehouse credit facilities | — | — | — | $193.2m | ($55.1m) | ($138.6m) | $144.5m | ($96.1m) | $60.6m | — | — | |
| Sales to (purchases from) AR Facility, net (note 15) | — | — | $125.0m | ($27.4m) | ($98.1m) | $171.3m | $31.2m | $1.0m | ($157k) | — | — | |
| Advisor loans issued | ($38.3m) | ($23.7m) | ($21.5m) | ($14.7m) | ($35.6m) | ($55.6m) | ($75.2m) | ($58.4m) | ($78.7m) | — | — | |
| Purchases of warehouse fund assets | — | — | ($94.2m) | ($84.4m) | ($31.1m) | ($161.0m) | ($122.6m) | ($319.2m) | ($159.5m) | — | — | |
| Proceeds from disposal of warehouse fund assets | — | — | — | $178.6m | $10.1m | $137.6m | $74.6m | $76.4m | $94.5m | — | — | |
| Equity co-investment contributions (note 16) | — | — | — | — | — | — | ($4.5m) | ($23.0m) | ($15.5m) | — | — | |
| Collections of AR facility deferred purchase price (note 15) | — | — | $28.1m | $52.0m | $151.2m | $288.0m | $124.3m | $137.6m | $164.3m | — | — | |
| Issuance of subordinate voting shares (note 18) | — | — | — | — | — | — | $0 | $286.9m | $0 | — | — | |
| Purchases of non-controlling interests' subsidiary shares, net | ($40.9m) | ($3.7m) | ($11.5m) | ($19.8m) | ($5.5m) | ($31.6m) | ($32.7m) | ($21.7m) | ($64.5m) | — | — | |
| Sale of non-controlling interests' subsidiary shares | $3.9m | $2.4m | $1.6m | — | — | — | — | $10.6m | $20.7m | — | — | |
| Proceeds received on exercise of stock options | $5.6m | $7.4m | $21.9m | $12.3m | $14.4m | $16.8m | $42.1m | $45.1m | $44.5m | — | — | |
| Loss on disposal of operations | — | — | — | — | $0 | $26.8m | $2.3m | $0 | — | — | — | |
| Repurchases of Subordinate Voting Shares | — | — | — | — | $0 | ($165.7m) | $0 | — | — | — | — | |
| Settlement of long-term incentive arrangement (note 22) | — | — | — | $0 | $375.7m | $0 | — | — | — | — | — | |
| Non-cash lease expense | — | — | — | $5.2m | $18.5m | $5.0m | — | — | — | — | — | |
| Issuance of senior notes (note 13) | — | $244.9m | — | $0 | $294.6m | $0 | — | — | — | — | — | |
| Issuance of convertible notes (note 13) | — | — | — | $230.0m | $0 | — | — | — | — | — | — | |
| Financing fees paid | ($1.6m) | ($3.2m) | ($1.3m) | ($7.6m) | ($1.4m) | — | — | — | — | — | — | |
| Income tax payable | ($985k) | $6.8m | ($8.4m) | — | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.