Company: ACEL
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001698991-25-000011
Chunk: 19

Company: Accel Entertainment, Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 19
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4,091 3,145,504 32,334 — — 36,425 Issuance of common stock in business combination— 349,500 — 4,047 — — — — 4,047 Stock based compensation— — — 12,204 — — — — 12,204 Exercise of stock-based awards, net of shares withheld— 498,566 — (1,763)— — — — (1,763)Unrealized loss on interest rate caplets, net of taxes— — — — — — (3,791)— (3,791)Acquired redeemable noncontrolling interest(1)4,239 — — — — — — — — Net income— — — — — — — 35,252 35,252 Net income attributable to noncontrolling interest39 — — — — — — — — Balance, December 31, 20244,278 85,670,255 8 221,625 (10,194,771)(105,485)4,145 134,736 255,029 

(1) Refer to Footnote 2

The accompanying notes are an integral part of these consolidated financial statements

F-6

ACCEL ENTERTAINMENT, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)Year Ended December 31,202420232022Cash flows from operating activities:Net income$35,291 $45,603 $74,102 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization of property and equipment43,978 37,906 29,295 Amortization of intangible assets and route and customer acquisition costs22,577 21,211 17,484 Impairment of intangible assets846 — — Amortization of debt issuance costs1,788 1,808 2,110 Stock-based compensation12,204 9,416 6,840 Loss (gain) on change in fair value of contingent earnout shares1,276 8,539 (19,544)Gain on disposal of property and equipment606 (10)(608)L