Company: ACEL
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001698991-25-000011
Chunk: 61

Company: Accel Entertainment, Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 61
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 common stock of Gold Rush prior to the maturity date upon written notice from the Company. On May 31, 2023, the Company and Gold Rush entered into a settlement agreement which resolved any and all lawsuits and all outstanding obligations under the convertible notes. As part of the settlement, the Company received $32.5 million from Gold Rush in June 2023, which included the repayment of the face value of the convertible notes plus accrued interest as well as a $0.4 million prepayment on future amounts due. In addition, the Company has recorded a receivable from Gold Rush of $1.5 million as of December 31, 2024, which represents the present value of the remaining $1.5 million due from Gold Rush by May 2025, and is presented within other assets in the consolidated balance sheets. The Company also recorded a gain of $1.7 million in the second quarter of 2023, which is included in other expenses, net on the consolidated statements of operations and comprehensive income for the year ended December 31, 2023.

F-16

Table of ContentsAccel Entertainment, Inc. and SubsidiariesNotes to Consolidated Financial Statements — (Continued)

Note 5. Property and Equipment, net

Property and equipment, net consists of the following as of December 31 (in thousands):20242023Gaming terminals, software and equipment$415,003 $361,662 Amusement, ATM and other equipment29,174 27,182 Office equipment and furniture4,281 3,385 Computer software and equipment23,136 20,592 Leasehold improvements10,151 8,281 Vehicles22,974 19,862 Buildings and improvements30,105 14,047 Land7,718 2,469 Construction in progress4,453 5,480 Total property and equipment546,995 462,960 Less accumulated depreciation and amortization(238,998)(202,147)Total property and equipment, net$307,997 $260,813 Depreciation and amortization of property and equipment was $44.0 million, $37.9 million and $29.3 million during the years ended December 31, 2024, 2023 and 2022, respectively.Long-lived assets, which includes property and equipment, net and other assets, are reviewed for impairment whenever events or changes in circumstances