Company: ACEL
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001698991-25-000011
Chunk: 42

Company: Accel Entertainment, Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 42
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453 9,320 Total operating expenses1,140,088 1,063,013 872,942 Operating income90,884 107,407 96,855 Interest expense, net35,892 33,144 21,637 Loss (gain) on change in fair value of contingent earnout shares1,276 8,539 (19,544)Gain on expiration of warrants(13)— — Income before income tax expense53,729 65,724 94,762 Income tax expense18,438 20,121 20,660 Net income$35,291 $45,603 $74,102 Less: Net income attributed to redeemable noncontrolling interests39 — — Net income attributable to Accel Entertainment, Inc.$35,252 $45,603 $74,102 Earnings per common share:Basic$0.42 $0.53 $0.82 Diluted0.41 0.53 0.81 Weighted average number of shares outstanding:Basic83,747 85,949 90,629 Diluted84,977 86,803 91,229 Comprehensive incomeNet income$35,291 $45,603 $74,102 Unrealized (loss) gain on interest rate caplets (net of income taxes of $(1,428), $(1,618), and $4,693 respectively (3,791)(4,304)12,240 Comprehensive income$31,500 $41,299 $86,342 Less: Comprehensive Income attributed to redeemable noncontrolling interests39 — — Comprehensive Income attributable to Accel Entertainment, Inc.$31,461 $41,299 $86,342 

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

F-4

ACCEL ENTERTAINMENT, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except par value and share amounts)December 31,20242023AssetsCurrent assets:Cash and cash equivalents$281,305 $261,611 Accounts receivable, net10,550 13,467 Prepaid expenses8,950 6,287 Inventories8,122 7,681 Interest rate caplets6,342 8,140 Other current assets10,883 15,408