Accel Entertainment, Inc. is a distributed gaming operator that provides video gaming terminals and amusement devices to non-casino locations across the United States. The company partners with local businesses such as bars, restaurants, convenience stores, and truck stops to install, operate, and maintain gaming equipment on a revenue-sharing basis. Accel also owns and operates a racino venue, offering a turnkey gaming solution that includes compliance, cash logistics, and customer service.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
1,330,960
1,230,972
1,170,420
969,797
Cost of Sales
913,748
859,473
817,195
670,901
Gross Profit
417,212
371,499
353,225
298,896
Selling, General & Administrative Expenses
219,336
194,721
180,248
145,942
Depreciation & Amortization Expenses
78,150
66,555
59,117
46,779
Other Operating Expenses
11,875
19,339
6,453
9,320
Operating Profit
107,851
90,884
107,407
96,855
Interest Expense
(34,198)
(35,892)
(33,144)
(21,637)
Non-Operating Income
(1,722)
(1,263)
(8,539)
19,544
Total Non-Operating Income
(35,920)
(37,155)
(41,683)
(2,093)
Income Before Provision for Income Taxes
71,931
53,729
65,724
94,762
Provision for Income Taxes
20,659
18,438
20,121
20,660
Consolidated Net Income
51,272
35,291
45,603
74,102
Net Income Attributable to Minority Interests and Other
198
(39)
—
—
Net Income Attributable to Common Shareholders
51,470
35,252
45,603
74,102
Basic EPS
0.61
0.42
0.53
0.82
Diluted EPS
0.60
0.41
0.53
0.81
Basic Weighted Average Shares Outstanding
85,020
83,747
85,949
90,368
Diluted Weighted Average Shares Outstanding
86,367
84,977
86,803
91,484
Shares Outstanding
82,287
85,670
84,123
86,674
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
296,566
281,305
261,611
224,113
Short-Term Investments
—
—
—
32,065
Total Cash and Cash Equivalents
296,566
281,305
261,611
256,178
Accounts Receivable
14,198
10,550
13,467
11,166
Other Receivables
9,121
1,632
—
—
Total Trade Receivables
23,319
12,182
13,467
11,166
Inventories
8,231
8,122
7,681
6,941
Other Current Assets
14,918
24,543
29,835
24,927
Total Current Assets
343,034
326,152
312,594
299,212
Net Property, Plant & Equipment
350,304
307,997
260,813
211,844
Net Intangible Assets
278,587
279,816
218,851
230,664
Goodwill
114,426
116,252
101,554
100,707
Other Long-Term Assets
17,042
18,181
19,081
20,342
Total Assets
1,103,393
1,048,398
912,893
862,769
Accounts Payable
51,028
41,944
36,012
22,302
Accrued Expenses
36,527
36,653
40,362
35,003
Current Portion of Long-Term Debt
37,583
34,443
28,483
23,466
Other Current Liabilities
6,354
5,313
4,793
9,134
Total Current Liabilities
131,492
118,353
109,650
89,905
Long-Term Debt
569,837
560,936
514,091
518,566
Other Long-Term Liabilities
128,301
109,802
90,748
75,708
Total Long-Term Liabilities
698,138
670,738
604,839
594,274
Total Liabilities
829,630
789,091
714,489
684,179
Common Stock
8
8
8
9
Treasury Stock
(145,747)
(105,485)
(112,070)
(81,697)
Additional Paid-in Capital
229,028
221,625
203,046
194,157
Accumulated Other Comprehensive Income
188
4,145
7,936
12,240
Retained Earnings
186,206
134,736
99,484
53,881
Total Common Shareholders' Equity
269,683
255,029
198,404
178,590
Minority Interests and Other
4,080
4,278
—
—
Total Shareholders' Equity
273,763
259,307
198,404
178,590
Total Liabilities and Shareholders' Equity
1,103,393
1,048,398
912,893
862,769
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
51,272
35,291
45,603
74,102
Depreciation & Amortization
78,150
66,555
59,117
46,779
Share-Based Compensation Expense
12,205
12,204
9,416
6,840
Other Adjustments
22,621
8,598
14,781
(8,486)
Changes in Trade Receivables
(3,648)
5,011
(2,301)
(1,651)
Changes in Inventories
(57)
(343)
(734)
(500)
Changes in Accounts Payable
5,093
(1,239)
15,466
1,791
Changes in Accrued Expenses
(2,171)
(531)
2,041
95
Changes in Income Taxes Payable
(7,489)
(1,357)
264
—
Changes in Other Operating Activities
(5,101)
(2,995)
(11,123)
(10,971)
Cash from Operating Activities
150,875
121,194
132,530
107,999
Capital Expenditure
(88,923)
(66,542)
(81,744)
(47,379)
Proceeds from Sale of Property, Plant & Equipment
1,625
984
1,681
2,144
Purchases of Intangible Assets
(9,450)
—
—
—
Purchases of Investments
—
(5,000)
—
—
Proceeds from Sale of Investments
1,500
—
32,065
—
Payments for Business Acquisitions
(5,306)
(53,592)
(11,795)
(144,028)
Cash from Investing Activities
(100,554)
(124,151)
(59,793)
(189,263)
Issuance of Long-Term Debt
682,000
175,000
169,000
240,000
Repayments of Long-Term Debt
(667,375)
(123,000)
(169,000)
(44,625)
Net Issuance / (Repayments) of Long-Term Debt
14,625
52,000
0
195,375
Issuance of Common Shares
—
289
375
366
Repurchases of Common Shares
(43,064)
(27,844)
(31,154)
(79,080)
Net Issuance / (Repurchases) of Common Shares
(43,064)
(27,555)
(30,779)
(78,714)
Other Financing Activities
(6,621)
(1,794)
(4,460)
(10,070)
Cash from Financing Activities
(35,060)
22,651
(35,239)
106,591
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash