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Receivables, Contract Assets, Contract Liabilities and Performance Obligations (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Summary of Information about Receivables and Contract Liabilities
The following table provides information about receivables and contract liabilities as of December 31, 2023 and 2022 (in thousands):
December 31,
20232022
Current receivables, which are included in “Accounts receivable, net”
$3,568,290 $3,272,371 
Contract assets, net
120,518 7,909 
Long-term accounts receivable
412,666 160,818 
Long-term contract assets
$132,780 $— 
Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities”
$107,217 $102,057 
Summary of Changes in Contract Liabilities from Contract with Customers
Significant changes in the contract assets balances during the years ended December 31, 2023 and 2022 are as follows (in thousands):
Contract
Assets
Balances at December 31, 2021$4,757 
Reclassification of beginning contract assets to receivables, as a result of rights to consideration becoming unconditional
(4,757)
Contract assets recognized, net of reclassification to receivables7,909 
Balances at December 31, 2022$7,909 
Contract assets acquired through business combination
246,666 
Reclassification of beginning contract assets to receivables, as a result of rights to consideration becoming unconditional
(33,638)
Contract assets recognized, net of reclassification to receivables51,350 
Balances at December 31, 2023$272,287 
Contract assets consist of amounts the Company is entitled to for the resale of third-party consumption-based services, prior to payment becoming unconditional. In these transactions, the Company invoices clients for the gross amount of consideration it is responsible to collect,
including amounts ultimately passed on to the third-party service providers. As of December 31, 2023 contract assets, net of allowances, were $253,298,000.
Gross contract assets by our internal risk ratings as of December 31, 2023 are summarized as follows (in thousands):
Contract assets
Low risk
$46,280 
Moderate risk
56,850 
High risk
169,157 
Total contract assets
$272,287 
Significant changes in the liabilities balances during the years ended December 31, 2023 and 2022 are as follows (in thousands):
Contract
Liabilities
Balances at December 31, 2021$116,067 
Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied(77,334)
Cash received in advance and not recognized as revenue63,324 
Balances at December 31, 2022$102,057 
Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied(67,351)
Cash received in advance and not recognized as revenue72,511 
Balances at December 31, 2023$107,217 
Summary of Estimated Net Sales Related to Performance Obligation
The following table includes estimated net sales related to performance obligations that are unsatisfied (or partially unsatisfied) as of December 31, 2023 that are expected to be recognized in the future (in thousands):
Services
2024$94,689 
202533,174 
202617,538 
2027 and thereafter7,543 
Total remaining performance obligations$152,944