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Prepaid and Other Current Assets
6 Months Ended
Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid and Other Current Assets Prepaid and Other Current Assets
Prepaid expenses and other current assets are comprised of the following (in thousands):
June 30,
2020
December 31,
2019
Deposits and advances$2,805  $1,123  
Prepaid insurance1,768  3,858  
Prepaid regulatory fees1,387  4,016  
Income and other tax receivables (1)
124,208  13,740  
Prepaid taxes3,503  3,255  
Other current receivables12,650  15,996  
Other prepaid assets38,427  28,176  
Total prepaid expenses and other current assets$184,748  $70,164  
(1)On March 27, 2020, President Trump signed into law the CARES Act. The CARES Act is an emergency economic stimulus package in response to the COVID-19 pandemic which, among other things, includes provisions relating to income and non-income-based tax laws.  Amneal recorded a U.S. federal income tax receivable of $110 million related to benefits associated with the CARES Act, of which $106 million was received in July 2020 and the remainder is expected to be received before December 31, 2020.  For further details, refer to Note 8. Income Taxes.