Orion SA
For the period ended Mar 31, 2024. Filed May 2, 2024.
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Mar 31, 2024 · Filed May 2, 2024
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Accounts Receivable
Note B. Accounts Receivable
Accounts receivable, net of allowance for credit losses, are as follows:
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| (In millions) | ||
| Accounts receivable | $271.3 | $242.2 |
| Expected credit losses | (1.6) | (1.2) |
| Accounts receivable, net | $269.7 | $241.0 |
Accounts Receivable Factoring Facilities―For the three months ended March 31, 2024, and 2023 the gross amount of receivables sold were $107.6 million and $68.9 million, respectively.
In the Condensed Consolidated Statements of Operations, the loss on receivables sold is reflected in Other expenses, net. For the three months ended March 31, 2024 and 2023 the loss on receivables sold was approximately $1.1 million and less than $0.5 million.
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