Company: ACIW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000935036-25-000019
Chunk: 76

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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 with extended payment terms for which the Company has an unconditional right to invoice and receive payment subsequent to invoicing.Total receivables, net is comprised of the following (in thousands): June 30, 2025December 31, 2024Billed receivables$175,047 $198,486 Allowance for credit losses(2,062)(1,758)Billed receivables, net172,985 196,728 Current accrued receivables, net225,179 217,671 Long-term accrued receivables, net345,608 360,079 Total accrued receivables, net570,787 577,750 Total receivables, net$743,772 $774,478 No customer accounted for more than 10% of the Company’s consolidated receivables balance as of June 30, 2025 and December 31, 2024. 

12

Deferred revenue includes amounts due or received from customers for software licenses, maintenance, services, and/or SaaS and PaaS services in advance of recording the related revenue. Changes in deferred revenue were as follows (in thousands):Balance, December 31, 2024$94,723 Deferral of revenue62,708 Recognition of deferred revenue(70,348)Foreign currency translation2,540 Balance, June 30, 2025$89,623 Revenue allocated to remaining performance obligations represents contracted revenue that will be recognized in future periods, which is comprised of deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. This does not include:•Revenue that will be recognized in future periods from capacity overages that are accounted for as a usage-based royalty.•SaaS and PaaS revenue from variable consideration that will be recognized in accordance with the ‘right to invoice’ practical expedient or meets the allocation objective.Revenue allocated to remaining performance obligations was $724.0 million as of June 30, 2025, of which the Company expects to recognize approximately 52% over the next 12 months and the remainder thereafter.

During the three and six months ended June 30, 2025, revenue recognized by the Company from performance obligations satisfied in previous periods was $15.8 million and $35.4 million, respectively. 

3. Debt 

As of June 30, 2025, the Company had $260.0 million and $643.8 million outstanding under its Revolving Credit Facility and Term