Accel Entertainment, Inc. (ACEL) [Rocket]

In millions, except per share items	Jun-30-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21
	10-Q	8-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q
Cash flows from operating activities:
Net income	10.0		22.4	22.5	15.8	6.8	10.8	12.4
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization of property and equipment	9.4			12.4
Amortization of intangible assets and route and customer acquisition costs	5.3		12.3	7.1			18.5
Amortization of debt issuance costs			0.5	0.6	0.6	0.6	0.5	0.5
Loss (gain) on change in fair value of contingent earnout shares	4.8			-9.1
Stock-based compensation			1.1	2.3	1.6	1.7	1.0	2.1
Gain on disposal of property and equipment			-0.1	-0.5	-0.1	0.0	-0.5	0.4
Net loss on write-off of route and customer acquisition costs and route and customer acquisition costs payable			0.1	0.1	0.2		0.2	0.1
Remeasurement of contingent consideration			-0.8	-0.8	-0.4	0.7	1.9	1.5
Payments on consideration payable			-0.6	-0.5	-1.1	-1.9	-0.4	-0.2
Accretion of interest on route and customer acquisition costs payable, contingent consideration, and contingent stock consideration			0.6	0.7	0.7	0.7	0.7	0.6
Deferred income taxes			3.8	4.4	2.8	-0.1	2.3	2.2
Changes in operating assets and liabilities:
Prepaid expenses and other current assets			0.2	-1.0	0.2	-1.6	-3.6	1.1
Accounts receivable, net			0.4	0.3			3.3	-3.3
Inventories			-0.7	0.3
Income taxes receivable			0.2	-1.5		0.7	-0.7
Route and customer acquisition costs			-0.6	-2.1	-0.5	-0.9	-0.8	-0.7
Route and customer acquisition costs payable			0.4	0.9	-0.2	0.5	-0.2	-0.2
Accounts payable and accrued expenses			7.6	-10.7	-3.5	9.6	-1.8	0.2
Accrued compensation and related expenses			1.2	3.2	-4.6	1.2	0.4	1.8
Other assets			-0.2	-0.3	-0.1	0.0	-0.1	0.1
Net cash provided by operating activities	19.4	108.0	37.0	19.2	22.1	30.5	26.1	32.6

Cash flows from investing activities:
Purchases of property and equipment			-19.8	-6.5	-6.8	-11.0	-7.8	-8.9
Proceeds from the sale of property and equipment			0.3	1.0	0.4	0.6	0.4	0.3
Business and asset acquisitions, net of cash acquired			-12.2	-125.5		-2.9	0.0	-2.8
Net cash used in investing activities		-189.3	-31.6	-130.9	-6.4	-13.3	-7.5	-11.3

Cash flows from financing activities:
Proceeds from debt			30.0	169.0		-5.0	5.0	15.0
Payments on debt			-4.0	-8.8	-4.4	5.0	-18.0	-26.0
Payments for repurchase of common stock			-25.0	-23.0	-13.9	-9.0
Payments on interest rate caplets			-0.2	-0.2	-0.2
Proceeds from exercise of stock-based awards			0.1	0.3	0.0	0.2	0.8	0.7
Payments on consideration payable			-7.5	-0.3	-1.1	1.4	-0.5	-0.6
Tax withholding on stock-based payments			0.0	0.0	-0.1	-0.1
Net cash (used in) provided by financing activities		106.6	-13.5	137.0	-19.6	1.7	-17.3	-15.4
Net increase in cash and cash equivalents			-8.1	21.4			1.4	44.1

Cash and cash equivalents:
Supplemental disclosures of cash flow information:
Cash payments for:
Interest			5.7	2.9	3.4	0.8	2.8	3.0
Income taxes			0.8	6.4	-0.2	2.3	5.7	0.7
Supplemental schedules of noncash investing and financing activities:
Purchases of property and equipment in accounts payable and accrued liabilities			0.0	3.7	4.3	-1.5	1.6	-1.2
Deferred premium on interest rate caplets			-0.2	-0.4	3.9
Fair value of treasury stock issued in business combination				5.6
Purchase of treasury shares in accounts payable and accrued expense				2.5
Acquisition of businesses and assets:
Total identifiable net assets acquired			14.8	164.3		3.6	0.0	2.9
Less cash acquired			0.0	-33.2		-0.6
Less fair value of treasury stock issued				-5.6
Cash purchase price			-12.2	-125.5		-2.9	0.0	-2.8