Company: ACIW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000935036-25-000013
Chunk: 62

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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 unconditional right to invoice and receive payment subsequent to invoicing.Total receivables, net is comprised of the following (in thousands): March 31, 2025December 31, 2024Billed receivables$169,631 $198,486 Allowance for doubtful accounts(1,725)(1,758)Billed receivables, net167,906 196,728 Current accrued receivables, net218,177 217,671 Long-term accrued receivables, net353,767 360,079 Total accrued receivables, net571,944 577,750 Total receivables, net$739,850 $774,478 No customer accounted for more than 10% of the Company’s consolidated receivables balance as of March 31, 2025 and December 31, 2024.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 revenue34,117 Recognition of deferred revenue(38,543)Foreign currency translation589 Balance, March 31, 2025$90,886 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 $661.4 million as of March 31, 2025, of which the Company expects to recognize approximately 51% over the next 12 months and the remainder thereafter.During the three months ended March 31, 2025, revenue recognized by the Company from performance obligations satisfied in previous periods was $19.6 million.

10

3. Debt 

As of March 31, 2025, the Company had $453.1 million, and $400.0 million outstanding under its Term Loans and Senior Notes, respectively. There was no amount outstanding under the Revolving Credit Facility, with up to $598.1 million of