Accounts Receivable

12 Months Ended

Dec. 31, 2022

Accounts Receivable.

Accounts Receivable

Note 4: Accounts Receivable

Accounts receivable, net consists of the following:

December 31,	2022		2021
(in thousands)
Trade receivables:
Billed	$	315,332	$	181,500
Unbilled		103,498		70,353
Other receivables		4,816		13,547
Total		423,646		265,400
Less: allowance for credit losses		(7,078)		(6,765)
Accounts receivable, net	$	416,568	$	258,635

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.