NOTE 6: ACCOUNTS RECEIVABLE Accounts receivable, net of allowance for expected credit losses, is as follows:
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Successor |
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Predecessor |
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June 30, 2026 |
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December 31, 2025 |
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(in millions) |
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(in millions) |
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Accounts receivable |
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$ |
13.7 |
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$ |
12.2 |
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Less: allowance for expected credit losses |
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(0.1 |
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(0.1 |
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Total |
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$ |
13.6 |
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$ |
12.1 |
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A roll forward of the allowance for expected credit losses is presented below:
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Predecessor |
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Six Months Ended June 30, 2025 |
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(in millions) |
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Balance as of December 31, 2024 (Predecessor) |
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$ |
0.4 |
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Add: bad debt expenses |
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— |
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Less: write-offs |
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— |
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Balance as of June 30, 2025 (Predecessor) |
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$ |
0.4 |
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Predecessor |
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Period from January 1, 2026 to February 26, 2026 |
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(in millions) |
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Balance as of December 31, 2025 (Predecessor) |
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$ |
0.1 |
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Add: bad debt expenses |
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— |
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Less: write-offs |
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— |
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Balance as of February 26, 2026 (Predecessor) |
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$ |
0.1 |
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Successor |
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Period from February 27, 2026 to June 30, 2026 |
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Balance as of February 27, 2026 (Successor) |
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$ |
0.1 |
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Add: bad debt expenses |
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— |
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Less: write-offs |
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— |
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Balance as of June 30, 2026 (Successor) |
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$ |
0.1 |
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