Company: ACEL
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001698991-25-000011
Chunk: 180

Company: Accel Entertainment, Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 180
---
 31,Increase / (Decrease)20242023ChangeChange %Revenues:Net gaming$1,172,777 $1,113,573 $59,204 5.3 %Amusement22,244 23,973 (1,729)(7.2)%Manufacturing12,235 13,353 (1,118)(8.4)%ATM fees and other23,716 19,521 4,195 21.5 %Total net revenues1,230,972 1,170,420 60,552 5.2 %Operating expenses:Cost of revenue (exclusive of depreciation and amortization expense shown below)852,373 809,524 42,849 5.3 %Cost of manufacturing goods sold (exclusive of depreciation and amortization expense shown below)7,100 7,671 (571)(7.4)%General and administrative194,721 180,248 14,473 8.0 %Depreciation and amortization of property and equipment43,978 37,906 6,072 16.0 %Amortization of intangible assets and route and customer acquisition costs22,577 21,211 1,366 6.4 %Other expenses, net19,339 6,453 12,886 199.7 %Total operating expenses1,140,088 1,063,013 77,075 7.3 %Operating income90,884 107,407 (16,523)(15.4)%Interest expense, net35,892 33,144 2,748 8.3 %Loss on change in fair value of contingent earnout shares1,276 8,539 (7,263)(85.1)%Gain on expiration of warrants(13)— (13)(100.0)%Income before income tax expense53,729 65,724 (11,995)(18.3)%Income tax expense18,438 20,121 (1,683)(8.4)%Net income$35,291 $45,603 $(10,312)(22.6)%

Revenues

Total net revenues for the year ended December 31, 2024 were $1,231.0 million, an increase of $60.6 million, or 5.2%, compared to the prior year. The