Receivables, net

6 Months Ended

Jun. 30, 2023

Receivables include billed and unbilled amounts for services provided to clients for which we have an unconditional right to payment as of the end of the applicable period and generally do not bear interest. The following table presents major categories of receivables:


(in thousands)	June 30, 2023		December 31, 2022
Contracts completed and in progress:
Billed	$	279,044	$	220,809
Unbilled	200,418		120,348
Total contracts completed and in progress	479,462		341,157
Materials sales	84,919		52,182
Other	73,523		71,790
Total gross receivables	637,904		465,129
Less: allowance for credit losses	1,107		1,142
Total net receivables	$	636,797	$	463,987

Included in other receivables at June 30, 2023 and December 31, 2022 were items such as estimated recovery from back charge claims, notes receivable, fuel tax refunds and income tax refunds. Other receivables at June 30, 2023 and December 31, 2022 also included $24.9 million of working capital contributions in the form of a loan to a partner in one of our unconsolidated joint ventures that bears interest at prime plus 3.0% per annum. None of our customers had a receivable balance in excess of 10% of our total net receivables as of June 30, 2023 or December 31, 2022.