$ACEL
Accel Entertainment, Inc.

2019 Q2 Form 10-Q Financial Statement

#000156459019028382 Filed on August 02, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2 2017 Q4
Revenue $104.3M $0.00 $0.00
YoY Change
Cost Of Revenue $66.10M
YoY Change
Gross Profit $38.20M
YoY Change
Gross Profit Margin 36.64%
Selling, General & Admin $17.50M
YoY Change
% of Gross Profit 45.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.100M
YoY Change
% of Gross Profit 15.97%
Operating Expenses $28.90M $200.0K $200.0K
YoY Change 14350.0%
Operating Profit $9.255M -$166.3K
YoY Change -5665.65% 269.53%
Interest Expense $3.156M $1.800M $0.00
YoY Change 75.33%
% of Operating Profit 34.1%
Other Income/Expense, Net
YoY Change
Pretax Income $6.099M $1.635M -$157.4K
YoY Change 273.03% -3733.27%
Income Tax $1.800M $0.00
% Of Pretax Income 29.51%
Net Earnings $4.328M $1.600M -$200.0K
YoY Change 170.5%
Net Earnings / Revenue 4.15%
Basic Earnings Per Share $0.07
Diluted Earnings Per Share $0.07 $28.42K -$3.322K
COMMON SHARES
Basic Shares Outstanding 58.61M shares
Diluted Shares Outstanding 61.90M shares

Balance Sheet

Concept 2019 Q2 2018 Q2 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $700.0K $100.0K $400.0K
YoY Change 600.0% -94.74%
Cash & Equivalents $692.1K $146.2K $372.1K
Short-Term Investments
Other Short-Term Assets $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0%
Inventory
Prepaid Expenses $60.70K $134.7K
Receivables
Other Receivables
Total Short-Term Assets $752.8K $300.0K $506.8K
YoY Change 150.93% -85.45%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $461.3M $453.2M $450.0M
YoY Change 1.79% 0.71%
Total Long-Term Assets $461.3M $453.2M $450.0M
YoY Change 1.78% 0.71%
TOTAL ASSETS
Total Short-Term Assets $752.8K $300.0K $506.8K
Total Long-Term Assets $461.3M $453.2M $450.0M
Total Assets $462.0M $453.5M $450.5M
YoY Change 1.88% 0.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $4.283M $400.0K $157.4K
YoY Change 970.85% -72.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.283M $400.0K $157.4K
YoY Change 970.85% -72.63%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $15.80M $15.80M $15.80M
YoY Change 0.0% 0.0%
Total Long-Term Liabilities $15.80M $15.80M $15.80M
YoY Change 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.283M $400.0K $157.4K
Total Long-Term Liabilities $15.80M $15.80M $15.80M
Total Liabilities $20.03M $16.10M $15.91M
YoY Change 24.43% -6.46%
SHAREHOLDERS EQUITY
Retained Earnings $4.999M -$376.4K
YoY Change
Common Stock $5.375M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $67.55M $5.000M $44.53M
YoY Change
Total Liabilities & Shareholders Equity $462.0M $453.5M $450.5M
YoY Change 1.88% 0.32%

Cashflow Statement

Concept 2019 Q2 2018 Q2 2017 Q4
OPERATING ACTIVITIES
Net Income $4.328M $1.600M -$200.0K
YoY Change 170.5%
Depreciation, Depletion And Amortization $6.100M
YoY Change
Cash From Operating Activities $8.180M $70.00K -$410.0K
YoY Change 11585.71% -450.0%
INVESTING ACTIVITIES
Capital Expenditures -$5.020M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $20.00K $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$5.000M $0.00 $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 960.0K -70.00K -850.0K
YoY Change -1471.43% -100.02%
NET CHANGE
Cash From Operating Activities 8.180M 70.00K -410.0K
Cash From Investing Activities -5.000M 0.000 0.000
Cash From Financing Activities 960.0K -70.00K -850.0K
Net Change In Cash 4.140M -0.00000000001455 -1.260M
YoY Change -28449863368704000000.0% -100.0%
FREE CASH FLOW
Cash From Operating Activities $8.180M $70.00K -$410.0K
Capital Expenditures -$5.020M
Free Cash Flow $13.20M
YoY Change

Facts In Submission

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The Company’s Sponsor and five independent directors (collectively, “Initial Shareholders”) and the Company’s officers and directors have entered into a letter agreement with the Company, pursuant to which they have waived their rights to liquidating distributions from the Trust Account with respect to their Founder Shares (as defined in Note 4) if we fail to complete a Business Combination by September 30, 2019 or by December 31, 2019 if the Company receives shareholder approval to amend its amended and restated memorandum and articles of association and trust agreement to extend such date to December 31, 2019.
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<p style="text-align:justify;margin-bottom:0pt;margin-top:18pt;text-indent:4.54%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Concentration of Credit Risk </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which at times, may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</p>
us-gaap Use Of Estimates
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dei Entity Incorporation Date Of Incorporation
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us-gaap Underwriting Commitments
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us-gaap Subsequent Event Description
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During the fourth quarter of 2018, the Company received written notice from the New York Stock Exchange (the “NYSE”) that a NYSE Regulation review of the then-current distribution of the ordinary shares of the Company showed that it had fewer than 300 public holders and was therefore non-compliant with the relevant section of the NYSE Listed Company Manual. During the fourth quarter of 2018, the Company submitted a business plan demonstrating how it expected to return to compliance with the minimum public stockholders’ requirement within 18 months.

Files In Submission

Name View Source Status
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0001564590-19-028382-index.html Edgar Link pending
0001564590-19-028382.txt Edgar Link pending
0001564590-19-028382-xbrl.zip Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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R12.htm Edgar Link pending
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R2.htm Edgar Link pending
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report.css Edgar Link pending
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tpgh-ex312_8.htm Edgar Link pending
tpgh-ex321_9.htm Edgar Link pending
tpgh-ex322_6.htm Edgar Link pending