3 unchanged sentences
Our cash, cash equivalents, short-term marketable securities, and restricted cash are summarized as follows (in thousands):
−Removed: June 30, 2021 December 31, 2020
+Added: September 30, 2021 December 31, 2020
Cash and cash equivalents (1) (2)
11 unchanged sentences
Our portfolio of available-for-sale debt securities is exposed to credit and interest rate risk.
−Removed: As of June 30, 2021, we invested $75.8 million in marketable securities primarily consisting of commercial paper, agency bonds, and a corporate bond with credit rating of AA or equivalent by S&P Rating and Moody's Investor Services.
+Added: As of September 30, 2021, we invested $70.2 million in marketable securities primarily consisting of commercial paper, agency bonds, and a corporate bond with credit rating of AA or equivalent by S&P Rating and Moody's Investor Services.
The maturity of these securities were less than one year.
See Note 4 – Fair Value Measurements in our Notes to Condensed Consolidated Financial Statements for further discussion on our available-for-sale debt securities.
−Removed: As of June 30, 2021, our net contract assets consisted of commissions receivable balance of $755.6 million.
+Added: As of September 30, 2021, our net contract assets – commissions receivable balance was $757.4 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.
While we are exposed to credit losses due to the non-performance of our counterparties, we consider the risk of this remote.
−Removed: We estimate our maximum credit risk in determining the commissions receivable amount recorded on the balance sheet.
−Removed: We had a $1.8 million allowance for credit losses for our commissions receivable balance as of June 30, 2021.
−Removed: Our total contract assets and accounts receivable as of June 30, 2021 and December 31, 2020 are summarized as follows (in thousands):
−Removed: June 30, 2021 December 31, 2020
+Added: We estimate our maximum credit risk in determining the contract assets – commissions receivable balance recognized on the balance sheet.
+Added: We had a $1.8 million allowance for credit losses for our commissions receivable balance as of September 30, 2021.
+Added: Our total contract assets and accounts receivable as of September 30, 2021 and December 31, 2020 are summarized as follows (in thousands):
+Added: September 30, 2021 December 31, 2020
Contract assets – commissions receivable – current $ 194,197 $ 219,153
9 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.