Accounts Receivable

12 Months Ended

Dec. 31, 2021

Accounts Receivable.

Accounts Receivable

Note 4: Accounts Receivable

Accounts receivable, net consists of the following:

December 31,	2021		2020
(in thousands)
Trade receivables:
Billed	$	181,500	$	135,201
Unbilled		70,353		29,754
Other receivables		13,547		1,631
Total		265,400		166,586
Less: allowance for credit losses		(6,765)		(4,815)
Accounts receivable, net	$	258,635	$	161,771

Trade receivables relate to revenues generated from equipment and services, for which credit is extended based on our evaluation of the customer’s credit worthiness. Unbilled receivables represent revenues earned but not billed to the customer until future dates, usually within one month. Other receivables consists primarily of net amounts receivable from an agent, that operates internationally, as well as amounts due from the favorable resolution of state tax audits and rebates due from suppliers.