2022 Q4 Form 10-Q Financial Statement

#000169899122000043 Filed on November 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q4
Revenue $278.1M $267.0M $192.3M
YoY Change 44.59% 38.07% 158.44%
Cost Of Revenue $195.3M $187.5M $129.6M
YoY Change 50.67% 44.55% 162.99%
Gross Profit $82.75M $79.43M $62.68M
YoY Change 32.02% 24.87% 149.51%
Gross Profit Margin 29.76% 29.75% 32.59%
Selling, General & Admin $42.31M $39.80M $32.18M
YoY Change 31.49% 41.86% 43.91%
% of Gross Profit 51.13% 50.1% 51.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.93M $8.100M $9.367M
YoY Change 48.67% 24.62% -18.53%
% of Gross Profit 16.83% 10.2% 14.94%
Operating Expenses $57.66M $56.19M $45.62M
YoY Change 26.39% 24.97% 27.12%
Operating Profit $25.09M $23.24M $17.06M
YoY Change 47.07% 24.63% -258.49%
Interest Expense -$7.606M -$6.239M -$2.966M
YoY Change 156.44% 106.86% -16.1%
% of Operating Profit -30.31% -26.85% -17.38%
Other Income/Expense, Net $47.00K $10.36M -$2.895M
YoY Change -101.62% -1266.44% -256.4%
Pretax Income $17.54M $27.36M $10.05M
YoY Change 74.48% 85.57% -173.63%
Income Tax $4.129M $4.900M $3.244M
% Of Pretax Income 23.55% 17.91% 32.28%
Net Earnings $13.41M $22.44M $6.806M
YoY Change 96.97% 107.68% -179.88%
Net Earnings / Revenue 4.82% 8.41% 3.54%
Basic Earnings Per Share $0.25
Diluted Earnings Per Share $0.15 $0.25 $71.53K
COMMON SHARES
Basic Shares Outstanding 87.47M shares 89.99M shares 94.07M shares
Diluted Shares Outstanding 90.53M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $256.2M $244.1M $230.9M
YoY Change 10.97% 35.71% 71.7%
Cash & Equivalents $224.1M $212.1M $198.8M
Short-Term Investments $32.07M $32.07M $32.07M
Other Short-Term Assets $8.427M $7.630M $10.15M
YoY Change -16.94% -36.2% 17.39%
Inventory $6.941M $6.873M $0.00
Prepaid Expenses $7.407M $7.827M $6.998M
Receivables $11.17M $8.854M $5.121M
Other Receivables $538.0K $1.502M
Total Short-Term Assets $299.2M $283.7M $248.0M
YoY Change 20.65% 43.13% 63.17%
LONG-TERM ASSETS
Property, Plant & Equipment $211.8M $206.8M $152.3M
YoY Change 39.14% 40.0% 6.05%
Goodwill $100.7M $99.49M $46.20M
YoY Change 117.98% 117.23% 0.97%
Intangibles $23.00M $23.60M
YoY Change
Long-Term Investments
YoY Change
Other Assets $351.7M $347.9M $215.8M
YoY Change 62.96% 36.72% -18.46%
Total Long-Term Assets $563.6M $554.6M $368.1M
YoY Change 53.11% 37.93% -9.84%
TOTAL ASSETS
Total Short-Term Assets $299.2M $283.7M $248.0M
Total Long-Term Assets $563.6M $554.6M $368.1M
Total Assets $862.8M $838.3M $616.1M
YoY Change 40.04% 39.64% 9.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.30M $21.60M $14.62M
YoY Change 52.59% 116.78% -38.33%
Accrued Expenses $35.00M $31.73M $24.30M
YoY Change 44.07% 51.79% 315.1%
Deferred Revenue $1.500M $3.000M $2.100M
YoY Change -28.57% 50.0% 31.25%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $23.47M $23.46M $17.50M
YoY Change 34.09% 28.56% -4.11%
Total Short-Term Liabilities $89.91M $92.68M $71.84M
YoY Change 25.15% 41.44% 37.12%
LONG-TERM LIABILITIES
Long-Term Debt $518.6M $498.0M $324.0M
YoY Change 60.04% 60.78% 0.66%
Other Long-Term Liabilities $3.390M $32.01M $59.51M
YoY Change -94.3% -43.3% 2.46%
Total Long-Term Liabilities $594.3M $564.8M $385.8M
YoY Change 54.05% 52.37% 1.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $89.91M $92.68M $71.84M
Total Long-Term Liabilities $594.3M $564.8M $385.8M
Total Liabilities $684.2M $657.5M $457.6M
YoY Change 49.51% 50.73% 5.84%
SHAREHOLDERS EQUITY
Retained Earnings $53.88M $40.48M -$20.22M
YoY Change -366.46% -249.76% -60.95%
Common Stock $9.000K $9.000K $9.000K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $81.70M $8.983M
YoY Change 809.46%
Treasury Stock Shares
Shareholders Equity $178.6M $180.9M $158.5M
YoY Change
Total Liabilities & Shareholders Equity $862.8M $838.3M $616.1M
YoY Change 40.04% 39.64% 9.97%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q4
OPERATING ACTIVITIES
Net Income $13.41M $22.44M $6.806M
YoY Change 96.97% 107.68% -179.88%
Depreciation, Depletion And Amortization $13.93M $8.100M $9.367M
YoY Change 48.67% 24.62% -18.53%
Cash From Operating Activities $29.75M $37.04M $30.49M
YoY Change -2.44% 41.89% -489.69%
INVESTING ACTIVITIES
Capital Expenditures $14.40M -$19.76M -$10.99M
YoY Change -231.09% 152.36% 35.61%
Acquisitions
YoY Change
Other Investing Activities -$5.991M -$11.85M -$2.338M
YoY Change 156.24% -3328.07% -92.25%
Cash From Investing Activities -$20.39M -$31.60M -$13.32M
YoY Change 53.05% 323.53% -65.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.693M -13.54M 1.734M
YoY Change 55.31% -21.58% 19.75%
NET CHANGE
Cash From Operating Activities 29.75M 37.04M 30.49M
Cash From Investing Activities -20.39M -31.60M -13.32M
Cash From Financing Activities 2.693M -13.54M 1.734M
Net Change In Cash 12.05M -8.105M 18.90M
YoY Change -36.25% -689.45% -142.32%
FREE CASH FLOW
Cash From Operating Activities $29.75M $37.04M $30.49M
Capital Expenditures $14.40M -$19.76M -$10.99M
Free Cash Flow $15.35M $56.80M $41.48M
YoY Change -63.0% 67.38% 14928.62%

Facts In Submission

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12445000 usd
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24753000 usd
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us-gaap Depreciation
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AmortizationOfIntangibleAssetsAndCapitalizedContractCost
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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1904000 usd
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10958000 usd
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DeferredIncomeTaxExpenseBenefit
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605000 usd
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3421000 usd
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1314000 usd
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2153000 usd
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us-gaap Increase Decrease In Employee Related Liabilities
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212063000 usd
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us-gaap Nature Of Operations
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Description of Business<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">Accel Entertainment, Inc. (and together with its subsidiaries, </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">“</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">Company</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">” or “Accel”)</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%"> is a leading distributed gaming operator in the United States. The Company's wholly owned subsidiary, Accel Entertainment Gaming LLC, has been licensed by the State of Illinois Gaming Board (“IGB”) since March 15, 2012 to be a terminal operator in the State of Illinois. Its Illinois terminal operator license allows the Company to install and operate gaming terminals in licensed video gaming locations throughout the State of Illinois as approved by individual municipalities. The Illinois terminal operator license, which is not transferable or assignable, requires compliance with applicable regulations and the license is renewable annually unless sooner cancelled or terminated. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">In July 2020, the Georgia Lottery Corporation approved one of the Company's consolidated subsidiaries as a licensed operator, or Master Licensee, which allows the Company to install and operate coin operated amusement machines for commercial use by the public for play </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">throughout the State of Georgia</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">. The Company also holds a license from the Pennsylvania Gaming Control Board. On December 30, 2021, one of the Company's consolidated subsidiaries acquired amusement and </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">automated teller machines (“ATMs”)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%"> operations in Iowa and registered with the Iowa Department of Inspections and Appeals to conduct such operations in Iowa. On June 1, 2022, the Company acquired Century Gaming, Inc. (“Century”), which is a leading distributed gaming operator in the Montana and Nevada gaming markets. Century is also a manufacturer of gaming terminals in the Montana, Nevada, South Dakota, Louisiana and West Virginia markets. In connection with the acquisition, Accel was granted a two-year terminal operator license by the Nevada Gaming Commission and a manufacturer, distributor and route operator license by the Gambling Control Division of the Montana Department of Justice through June 2023. The Montana license is renewable annually. In June 2022, the Company became a licensed distributor of mechanical amusement devices (“MADs”) in Nebraska and commenced operations in this market. </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">The Company also operates redemption terminals, which also function as ATMs at its licensed video gaming locations, and amusement equipment at certain locations. </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">The Company is also subject to various other federal, state and local laws and regulations in addition to gaming regulations. </span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">The Company is an emerging growth company </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">(“EGC”) </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">under the Jumpstart Our Business Startups Act of 2012 (“JOBS Act”) following the consummation of a reverse recapitalization that occurred on November 20, 2019. The Company has elected to use this extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act and as a result of this election, its financial statements may not be comparable to companies that comply with public company effective dates. The Company expects to remain an EGC until December 31, 2022.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:144%">Impact of COVID-19 on the Condensed Consolidated Financial Statements</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">The ongoing COVID-19 outbreak and its related variants are having a significant impact on global markets as a result of prior and current government-mandated business closures, supply chain and production disruptions, workforce restrictions, travel restrictions, reduced consumer spending and sentiment, amongst other factors, which are, individually or in the aggregate, negatively affecting the financial performance, liquidity and cash flow projections of many companies in the United States and abroad.</span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">A surge of COVID-19 infections occurred in the fall of 2020, as the virus spread in every geographical region (currently 11 regions) in the State of Illinois. In response, the IGB suspended all video gaming operations across the entire state of Illinois starting at 11:01 PM on Thursday, November 19, 2020. Video gaming operations resumed in certain regions of the state beginning on January 16, 2021, and fully resumed in all regions on January 23, 2021. Even though video gaming operations resumed across all regions, certain regions still had government-imposed restrictions that, among other things, limited hours of operation and restricted the number of patrons allowed within the licensed establishments. Given the staggered reopening by region in January of 2021, the temporary shutdown impacted, on average, 18 of the 273 gaming days (or 7% of gaming days) </span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">during the nine months ended September 30, 2021. In light of these events and their effect on the Company’s employees and licensed establishment partners, the Company took action to help mitigate the potential effects caused by the temporary cessation of operations by furloughing idle staff as appropriate and deferring certain payments to major vendors.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">As a result of these developments, the Company's revenues, results of operations and cash flows were materially affected for the nine months ended September 30, 2021. </span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">While variants of COVID-19 continue to impact infection rates and the healthcare system, it is possible that the regulating bodies or the states in which we operate may order future shutdowns, or a complete suspension of video gaming in the state, or institute stay-at-home, closure or other similar orders or measures in the future in response to COVID-19 and its related variants. If this were to occur, the Company could recognize impairment losses which could be material.</span></div>
acel Terminal Operator License Term
TerminalOperatorLicenseTerm
P2Y
acel Covid Response Numberof Days Video Gaming Terminals Inoperable
COVIDResponseNumberofDaysVideoGamingTerminalsInoperable
18 day
acel Covid Response Numberof Video Gaming Daysin Quarter
COVIDResponseNumberofVideoGamingDaysinQuarter
273 day
acel Covid Response Percentof Days Inoperable During Quarter
COVIDResponsePercentofDaysInoperableDuringQuarter
0.07
us-gaap Use Of Estimates
UseOfEstimates
<span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:144%">Use of estimates</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">: </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">The preparation of condensed consolidated financial statements requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and (iii) the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates used by the Company include, among other things, the useful lives for depreciable and amortizable assets, income tax provisions, the evaluation of the future realization of deferred tax assets, projected cash flows in assessing the initial valuation of certain intangible and tangible assets in conjunction with business acquisitions, the selection of useful lives for depreciable and amortizable assets in conjunction with business combinations, the valuation of level 3 investments, the valuation of contingent earnout shares and interest rate caplets, contingencies, and the expected term of share- based compensation awards and stock price volatility when computing share-based compensation expense. </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">The contingent consideration in a business combination is measured at its fair value on the acquisition date, recorded as a liability and accreted over its payment term in Accel’s condensed consolidated </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%">statements of operations and comprehensive income</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:144%"> as other expenses, net. Location contract intangibles are generally measured at fair value using an income approach which measures the fair value based on the estimated future cash flows using certain projected financial information such as revenue and costs projections and other assumptions such as estimated attrition rates and discount rates. Acquired tangible personal property such as gaming equipment is generally measured at fair value using a cost approach which measures the fair value based on the cost to reproduce or replace the asset. Goodwill is measured as the excess of the consideration transferred over the fair value of the net identifiable assets acquired and liabilities assumed.</span> Actual results may differ from those estimates.
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2022Q3 acel Capitalized Contract Cost Subject To Claw Back
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CapitalizedContractCostAmortization
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us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
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CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
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CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2022Q3 us-gaap Finite Lived Intangible Assets Net
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CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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us-gaap Goodwill Acquired During Period
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53300000 usd
CY2022Q3 us-gaap Goodwill
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CY2022Q3 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
42600000 usd
CY2022Q3 us-gaap Deferred Finance Costs Net
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CY2021Q4 us-gaap Goodwill
Goodwill
46199000 usd
us-gaap Goodwill Acquired During Period
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CY2022Q3 us-gaap Goodwill
Goodwill
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CY2022Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
23600000 usd
us-gaap Amortization Of Intangible Assets
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CY2022Q3 us-gaap Amortization Of Intangible Assets
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CY2022Q3 us-gaap Debt Instrument Carrying Amount
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CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
350000000 usd
CY2022Q3 acel Interest Rate Caplet Liability
InterestRateCapletLiability
3265000 usd
CY2021Q4 acel Interest Rate Caplet Liability
InterestRateCapletLiability
0 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
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CY2022Q3 us-gaap Long Term Debt
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CY2021Q4 us-gaap Long Term Debt
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CY2022Q3 us-gaap Long Term Debt Current
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CY2021Q4 us-gaap Long Term Debt Current
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CY2022Q3 us-gaap Long Term Debt Noncurrent
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CY2021Q4 us-gaap Long Term Debt Noncurrent
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CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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5900000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
12700000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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200000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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200000 usd
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Current
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CY2022Q3 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
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268131000 usd
CY2021Q3 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
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us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
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us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
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CY2022Q3 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
22839000 usd
CY2021Q3 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
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12875000 usd
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
63470000 usd
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
36977000 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Liability Current
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12854000 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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4377000 usd
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
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12706000 usd
CY2019Q4 acel Shareholders Equity Number Of Separate Tranches For Exchanges
ShareholdersEquityNumberOfSeparateTranchesForExchanges
3 tranche
acel Business Combinations And Dispositions Consideration Transferred And Received Threshold
BusinessCombinationsAndDispositionsConsiderationTransferredAndReceivedThreshold
40000000 usd
CY2019Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
7333326 shares
CY2019Q4 acel Classof Warrantor Right Number Of Warrants Canceled And Reissued To Prior Stockholders
ClassofWarrantorRightNumberOfWarrantsCanceledAndReissuedToPriorStockholders
2444437 shares
CY2019Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2019Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
CY2019Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2019Q4 acel Class Of Warrant Or Right Vesting Period After Recapitalization
ClassOfWarrantOrRightVestingPeriodAfterRecapitalization
P30D
CY2017Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
15000000 shares
CY2017Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2017Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
CY2017Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2017 acel Class Of Warrant Or Right Vesting Period After Recapitalization
ClassOfWarrantOrRightVestingPeriodAfterRecapitalization
P30D
CY2020Q3 acel Class Of Warrant Or Right Conversion Ratio
ClassOfWarrantOrRightConversionRatio
0.25
CY2020Q3 acel Class Of Warrant Or Right Conversion Ratio
ClassOfWarrantOrRightConversionRatio
0.25
CY2020Q3 acel Class Of Warrant Or Right Number Of Warrants Exercised
ClassOfWarrantOrRightNumberOfWarrantsExercised
7189990 shares
CY2020Q3 acel Class Of Warrant Or Right Exercised Percent Of Warrants Outstanding
ClassOfWarrantOrRightExercisedPercentOfWarrantsOutstanding
0.9993
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
5144 shares
CY2021Q4 us-gaap Stock Repurchase Program Authorized Amount1
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200000000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
6380815 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
70900000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
5679510 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
61900000 usd
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
225881 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
50000 shares
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4900000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16500000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3900000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11800000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.18
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.27
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.32
us-gaap Loss Contingency Number Of Defendants
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10 defendant
us-gaap Loss Contingency Loss In Period
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1200000 usd
us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
1600000 usd
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
536000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
724000 shares
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
22444000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
10807000 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
24753000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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89992000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94004000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91299000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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93607000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
646000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
862000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90528000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94728000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91945000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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94469000 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
us-gaap Earnings Per Share Basic
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0.26
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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5178908 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5007024 shares

Files In Submission

Name View Source Status
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acel-20220930_htm.xml Edgar Link completed
acel-20220930_cal.xml Edgar Link unprocessable
acel-20220930_pre.xml Edgar Link unprocessable
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accelexhibit31193022.htm Edgar Link pending
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