Accel Entertainment Inc
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
ACEL$13.85-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income
| (in thousands, except per share amounts) | Years ended December 31, | ||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| Net gaming | $1,172,777 | $1,113,573 | $925,009 |
| Amusement | 22,244 | 23,973 | 21,106 |
| Manufacturing | 12,235 | 13,353 | 7,621 |
| ATM fees and other | 23,716 | 19,521 | 16,061 |
| Total net revenues | 1,230,972 | 1,170,420 | 969,797 |
| Operating expenses: | |||
| Cost of revenue (exclusive of depreciation and amortization expense shown below) | 852,373 | 809,524 | 666,126 |
| Cost of manufacturing goods sold (exclusive of depreciation and amortization expense shown below) | 7,100 | 7,671 | 4,775 |
| General and administrative | 194,721 | 180,248 | 145,942 |
| Depreciation and amortization of property and equipment | 43,978 | 37,906 | 29,295 |
| Amortization of intangible assets and route and customer acquisition costs | 22,577 | 21,211 | 17,484 |
| Other expenses, net | 19,339 | 6,453 | 9,320 |
| Total operating expenses | 1,140,088 | 1,063,013 | 872,942 |
| Operating income | 90,884 | 107,407 | 96,855 |
| Interest expense, net | 35,892 | 33,144 | 21,637 |
| Loss (gain) on change in fair value of contingent earnout shares | 1,276 | 8,539 | (19,544) |
| Gain on expiration of warrants | (13) | — | — |
| Income before income tax expense | 53,729 | 65,724 | 94,762 |
| Income tax expense | 18,438 | 20,121 | 20,660 |
| Net income | $35,291 | $45,603 | $74,102 |
| Less: Net income attributed to redeemable noncontrolling interests | 39 | — | — |
| Net income attributable to Accel Entertainment, Inc. | $35,252 | $45,603 | $74,102 |
| Earnings per common share: | |||
| Basic | $0.42 | $0.53 | $0.82 |
| Diluted | 0.41 | 0.53 | 0.81 |
| Weighted average number of shares outstanding: | |||
| Basic | 83,747 | 85,949 | 90,629 |
| Diluted | 84,977 | 86,803 | 91,229 |
| Comprehensive income | |||
| Net 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 interests | 39 | — | — |
| Comprehensive Income attributable to Accel Entertainment, Inc. | $31,461 | $41,299 | $86,342 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.