Company: ACEL
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001698991-25-000011
Chunk: 46

Company: Accel Entertainment, Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 46
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 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)Loss on write-off of route and customer acquisition costs and route and customer acquisition costs payable1,148 935 757 Remeasurement of contingent consideration6,486 (522)(3,524)Payments on consideration payable(2,804)(4,795)(3,570)Accretion of interest on route and customer acquisition costs payable, contingent consideration, and contingent stock consideration1,640 1,480 2,460 Deferred income taxes(2,388)7,346 13,433 Changes in operating assets and liabilities, net of acquisition of businesses:Prepaid expenses and other current assets(788)(987)(1,610)Accounts receivable, net5,011 (2,301)(1,651)Inventories(343)(734)(500)Route and customer acquisition costs(7,522)(3,448)(4,347)Route and customer acquisition costs payable2,451 (441)358 Accounts payable and accrued expenses(1,239)15,466 1,791 Accrued compensation and related expenses(531)2,041 95 Other assets1,507 (5,983)(5,372)Net cash provided by operating activities121,194 132,530 107,999 Cash flows from investing activities:Purchases of property and equipment(66,542)(81,744)(47,379)Proceeds from the sale of property and equipment984 1,