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Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Schedules of concentration of risk
The maximum exposure to credit risk at the end of each reported period is represented by the carrying amount of financial assets, and summarized in the following table:
 
December 31, 2018

 
September 30, 2019

 
(in thousands)
Trade receivables, net of allowance
473,901

 
356,699

Other taxes
53,338

 
52,810

Other current assets
22,816

 
18,165

Non-current financial assets
20,460

 
21,251

Total
$
570,515

 
$
448,925


Schedule of financial liabilities
 
December 31, 2018
 
September 30, 2019
 
 
 
 
 
(in thousands)
Trade payables
$
425,376

 
$
322,284

Other taxes
55,592

 
48,313

Employee-related payables
65,878

 
59,824

Other current liabilities
47,115

 
38,868

Financial liabilities
3,508

 
3,764

Total
$
597,469

 
$
473,053


Schedule of derivative financial instruments
 
December 31, 2018

 
September 30, 2019

 
 
 
 
 
(in thousands)
Derivative Assets:
 
 
 
Included in other current assets
$
1,703

 
$

 
 
 
 
Derivative Liabilities:
 
 
 
Included in financial liabilities - current portion
$

 
$
493


Schedule of assets and liabilities carried at fair value
 
December 31, 2018

 
September 30, 2019

 
 
 
 
 
(in thousands)
Cash equivalents
$
125,442

 
$
167,443

Cash on hand
238,984

 
241,735

Total cash and cash equivalents
$
364,426

 
$
409,178