Accounts Receivable

12 Months Ended

Dec. 31, 2023

Accounts Receivable.

Accounts Receivable

Note 5: Accounts Receivable

Accounts receivable, net consists of the following:

December 31,	2023		2022
(in thousands)
Trade receivables:
Billed	$	271,515	$	315,332
Unbilled		59,831		103,498
Other receivables		678		4,816
Total		332,024		423,646
Less: allowance for credit losses		(7,109)		(7,078)
Accounts receivable, net	$	324,915	$	416,568

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.