2 unchanged sentences
Our financial instruments that are exposed to concentrations of credit risk principally consist of cash and cash equivalents, accounts receivable, contract assets – commissions receivable, and marketable securities.
−Removed: As of June 30, 2020 and December 31, 2019, our cash, cash equivalents and restricted cash are summarized as follows (in thousands):
−Removed: June 30, 2020 December 31, 2019
+Added: As of September 30, 2020 and December 31, 2019, our cash, cash equivalents and restricted cash are summarized as follows (in thousands):
+Added: September 30, 2020 December 31, 2019
$ 41,441 $ 16,205
9 unchanged sentences
(2) See Note 4 – Fair Value Measurements in our Notes to Condensed Consolidated Financial Statements for more information on our cash and cash equivalents.
−Removed: As of June 30, 2020, our net contract assets consisted of commissions receivable balance of $582.8 million.
+Added: As of September 30, 2020, our net contract assets consisted of commissions receivable balance of $604.3 million.
Our contracts with carriers expose us to credit risk that a financial loss could be incurred if the counterparty does not fulfill its financial obligation.
2 unchanged sentences
Upon the adoption of ASC 326, we recorded $1.5 million of allowance for credit losses for our commissions receivable balance as of December 31, 2019.
−Removed: During the six months ended June 30, 2020, we recorded an additional $0.1 million for the allowance for credit losses.
−Removed: See Note 1 – Summary of Business and Significant Accounting Policies i n our Notes to Condensed Consolidated Financial Statements for additional information regarding the accounting standard adoption.
−Removed: Our total contract assets and accounts receivable as of June 30, 2020 and December 31, 2019 are summarized as follows (in thousands):
−Removed: June 30, 2020 December 31, 2019
+Added: During the nine months ended September 30, 2020, we recorded an additional $0.1 million for the allowance for credit losses.
+Added: See Note 1 – Summary of Business and Significant Accounting Policies i n our
+Added: Notes to Condensed Consolidated Financial Statements for additional information regarding the accounting standard adoption.
+Added: Our total contract assets and accounts receivable as of September 30, 2020 and December 31, 2019 are summarized as follows (in thousands):
+Added: September 30, 2020 December 31, 2019
Contract assets – commissions receivable – current $ 158,773 $ 174,526
3 unchanged sentences
Our portfolio of available-for-sale debt securities is exposed to credit and interest rate risk.
−Removed: As of June 30, 2020, we invested $123.2 million and $11.4 million in short-term and long-term marketable securities, respectively.
+Added: As of September 30, 2020, we invested $108.6 million and $1.3 million in short-term and long-term marketable securities, respectively.
These marketable securities primarily consisted of commercial paper and agency bonds with credit rating of AA+ or equivalent by S&P Rating and Moody's Investor Services.
8 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.