3 unchanged sentences
Our cash, cash equivalents, short-term marketable securities and restricted cash are summarized as follows (in thousands):
−Removed: March 31, 2024 December 31, 2023
+Added: June 30, 2024 December 31, 2023
Cash and cash equivalents (1) (2)
10 unchanged sentences
Our portfolio of available for sale debt securities is exposed to credit and interest rate risk.
−Removed: As of March 31, 2024, we invested $13.9 million in marketable securities primarily consisting of commercial paper and agency bonds.
+Added: As of June 30, 2024, we invested $24.7 million in marketable securities primarily consisting of commercial paper and agency bonds.
The maturities of these securities were less than one year.
1 unchanged sentence
Our total contract assets and accounts receivable are summarized as follows (in thousands):
−Removed: March 31, 2024 December 31, 2023
+Added: June 30, 2024 December 31, 2023
Contract assets – commissions receivable – current $ 194,306 $ 244,663
2 unchanged sentences
Total contract assets and accounts receivable $ 833,057 $ 922,170
−Removed: As of March 31, 2024, our net contract assets – commissions receivable balance was $845.3 million.
+Added: As of June 30, 2024, our net contract assets – commissions receivable balance was $831.9 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.
1 unchanged sentence
We estimate our maximum credit risk in determining the contract assets – commissions receivable balance recognized on the balance sheet.
−Removed: We had allowances for credit losses of $1.9 million and $2.1 million as of March 31, 2024 and December 31, 2023, respectively.
+Added: We had allowances for credit losses of $1.7 million and $2.1 million as of June 30, 2024 and December 31, 2023, respectively.
Foreign Currency Exchange Risk
5 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.