Company: ACEL
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001698991-25-000023
Chunk: 8

Company: Accel Entertainment, Inc.
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 8
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 net income to net cash provided by operating activities:Depreciation and amortization of property and equipment12,301 10,434 Amortization of intangible assets and route and customer acquisition costs6,290 5,438 Amortization of debt issuance costs435 455 (Gain) loss on change in fair value of contingent earnout shares(2,355)4,716 Stock-based compensation2,091 2,350 Loss on disposal of property and equipment111 42 Net loss on write-off of route and customer acquisition costs and route and customer acquisition costs payable352 118 Remeasurement of contingent consideration(153)288 Payments on consideration payable(298)(823)Accretion of interest on route and customer acquisition costs payable, contingent consideration, and contingent stock consideration548 296 Deferred income taxes(715)646 Changes in operating assets and liabilities:Prepaid expenses, deposits and other current assets161 (1,634)Accounts receivable, net(2,123)(270)Inventories(416)(160)Route and customer acquisition costs(1,232)(1,883)Route and customer acquisition costs payable203 (353)Accounts payable and accrued expenses16,157 4,951 Accrued compensation and related expenses(3,254)(3,748)Other assets2,036 471 Net cash provided by operating activities44,752 28,750 Cash flows from investing activities:Purchases of property and equipment(26,755)(20,635)Proceeds from the sale of property and equipment694 180 Deposits against a portion of the purchase price on a pending business acquisition— (1,800)Business and asset acquisitions, net of cash acquired(125)(3,641)Net cash used in investing activities(26,186)(25,896)Cash flows from financing activities:Proceeds from debt— 15,000 Payments on debt(14,863)(17,875)Payments for repurchase of common stock(10,202)(6,121)Payments on interest rate caplets(1,218)(244)Proceeds from exercise of stock-based awards— 68 Payments on finance leases(80)(54)Payments on consideration payable(136)(132)Tax withholding on stock-based payments(1,433)(1,188)Net cash used in financing activities(27,932)(10,546)Net decrease in cash and cash equivalents(9,366