Company: ACEL
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001698991-25-000034
Chunk: 10

Company: Accel Entertainment, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 10
---
043)Acquisition of indefinite-lived operating license(9,450)— Investment in unconsolidated affiliate— (5,000)Business and asset acquisitions, net of cash acquired(393)(17,464)Net cash used in investing activities(59,963)(69,324)Cash flows from financing activities:Proceeds from debt64,000 47,500 Payments on debt(64,225)(24,750)Payments for repurchase of common stock(16,915)(15,321)Payments on interest rate caplets(492)(487)Proceeds from exercise of stock-based awards— 68 Payments on finance leases(120)(17)Payments on consideration payable(889)(291)Tax withholding on stock-based payments(2,628)(1,680)Net cash (used in) provided by financing activities(21,269)5,022 Net decrease in cash and cash equivalents(16,675)(6,688)Cash and cash equivalents:Beginning of period281,305 261,611 End of period$264,630 $254,923 

4

ACCEL ENTERTAINMENT, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - (Continued)(Unaudited)(In thousands)Six Months EndedJune 30,20252024Supplemental disclosures of cash flow information:Cash payments for:Interest, net$16,010 $15,918 Income taxes$15,523 $11,214 Supplemental schedules of noncash investing and financing activities:Purchases of property and equipment in accounts payable and accrued liabilities$7,706 $10,382 Deferred premium on interest rate caplets$583 $1,571 Acquisition of businesses and assets:Total identifiable net assets acquired$393 $19,566 Less consideration payable— (2,102)Cash purchase price$393 $17,464 

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

5

ACCEL ENTERTAINMENT, INC.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 1. Description of Business

Accel Entertainment, Inc. (and together with its subsidiaries, the “Company” or “Accel”) is a leading distributed gaming operator in the United States (“U.S.”), as well as a developer of brick-and-mortar casinos that serve local gaming markets and