3 unchanged sentences
Our cash, cash equivalents, short-term marketable securities and restricted cash are summarized as follows (in thousands):
−Removed: June 30, 2024 December 31, 2023
+Added: September 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 June 30, 2024, we invested $24.7 million in marketable securities primarily consisting of commercial paper and agency bonds.
+Added: As of September 30, 2024, we invested $53.8 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: June 30, 2024 December 31, 2023
+Added: September 30, 2024 December 31, 2023
Contract assets – commissions receivable – current $ 197,591 $ 244,663
2 unchanged sentences
Total contract assets and accounts receivable $ 819,900 $ 922,170
−Removed: As of June 30, 2024, our net contract assets – commissions receivable balance was $831.9 million.
+Added: As of September 30, 2024, our net contract assets – commissions receivable balance was $814.0 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 $1.7 million and $2.1 million as of June 30, 2024 and December 31, 2023, respectively.
+Added: We had allowances for credit losses of $1.7 million and $2.1 million as of September 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.