| Schedule of Assets and Liabilities Associated with Contracts from Customers |
The following table provides information about assets and liabilities associated with our contracts from customers (in thousands):
|
|
|
|
|
|
|
As of June 30, 2023 |
|
Accounts receivable |
|
$ |
109,390 |
|
Short-term unbilled receivables |
|
|
13,263 |
|
Short-term contract assets |
|
|
2,585 |
|
Long-term unbilled receivables |
|
|
232 |
|
Long-term contract assets |
|
|
10,729 |
|
Short-term deferred revenue |
|
|
29,732 |
|
Long-term deferred revenue |
|
|
18,410 |
|
|
| Summary of Significant Changes in Unbilled Receivables and Deferred Liabilities Balances |
Significant changes in the assets and liabilities balances associated with the Company's contracts from customers for the six months ended June 30, 2023 and 2022 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2023 |
|
|
|
Assets |
|
|
Liabilities |
|
Balance at December 31, 2022 |
|
$ |
38,457 |
|
|
$ |
(63,878 |
) |
Revenue recognized that was previously included in deferred revenue, net |
|
|
— |
|
|
|
100,242 |
|
Increases due to cash received |
|
|
— |
|
|
|
(91,111 |
) |
Cumulative catch-up adjustment arising from changes in estimates of
transaction price, net |
|
|
— |
|
|
|
6,605 |
|
Unbilled receivables recorded, net |
|
|
9,404 |
|
|
|
— |
|
Contract assets recorded, net |
|
|
(1,069 |
) |
|
|
— |
|
Transferred to receivables from unbilled receivables |
|
|
(19,983 |
) |
|
|
— |
|
Net change |
|
|
(11,648 |
) |
|
|
15,736 |
|
Balance at June 30, 2023 |
|
$ |
26,809 |
|
|
$ |
(48,142 |
) |
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2022 |
|
|
|
Assets |
|
|
Liabilities |
|
Balance at December 31, 2021 |
|
$ |
8,127 |
|
|
$ |
(157,081 |
) |
Revenue recognized that was previously included in deferred revenue, net |
|
|
— |
|
|
|
110,258 |
|
Increases due to cash received |
|
|
— |
|
|
|
(92,976 |
) |
Cumulative catch-up adjustment arising from changes in estimates of
transaction price, net |
|
|
— |
|
|
|
10,672 |
|
Unbilled receivables recorded, net |
|
|
4,266 |
|
|
|
— |
|
Net change |
|
|
4,266 |
|
|
|
27,954 |
|
Balance at June 30, 2022 |
|
$ |
12,393 |
|
|
$ |
(129,127 |
) |
|