Company: ACEL
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001698991-25-000051
Chunk: 11

Company: Accel Entertainment, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 11
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 property and equipment1,460 689 Proceeds from the settlement of convertible notes1,500 — Deposits against a portion of the purchase price on a pending business acquisition— (11,763)Acquisition of indefinite-lived operating license(9,450)— Investment in unconsolidated affiliate— (5,000)Business and asset acquisitions, net of cash acquired(393)(19,063)Net cash used in investing activities(80,697)(90,225)Cash flows from financing activities:Proceeds from debt623,000 49,500 Payments on debt(620,375)(38,625)Payments for debt issuance costs(4,091)— Payments for repurchase of common stock(23,682)(21,475)Payments on interest rate caplets(743)(736)Proceeds from exercise of stock-based awards— 68 Payments on finance leases(182)(164)Payments on consideration payable(1,037)(439)Tax withholding on stock-based payments(3,058)(2,096)Net cash used in financing activities(30,168)(13,967)Net increase in cash and cash equivalents8,930 3,474 Cash and cash equivalents:Beginning of period281,305 261,611 End of period$290,235 $265,085 

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ACCEL ENTERTAINMENT, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - (Continued)(Unaudited)(In thousands)Nine Months EndedSeptember 30,20252024Supplemental disclosures of cash flow information:Cash payments for:Interest, net$24,310 $24,545 Income taxes$15,524 $14,840 Supplemental schedules of noncash investing and financing activities:Purchases of property and equipment in accounts payable and accrued liabilities$13,111 $10,655 Deferred premium on interest rate caplets$333 $1,323 Cancellation of treasury stock previously issued in a business combination$(2,007)$— Acquisition of businesses and assets:Total identifiable net assets acquired$393 $21,164 Less consideration payable— (2,101)Cash purchase price$393 $19,063 

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

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ACCEL ENTERTAINMENT, INC.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS