XML 34 R20.htm IDEA: XBRL DOCUMENT v3.22.4
Other Assets
 12 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other assets Other Assets
Other assets consist of the following:
As of December 31,
20212022
Contract asset (Note 25)$5,235 $6,734 
Advance income and non-income taxes124,219 126,172 
Deposits 28,463 22,524 
Derivative instruments14,876 2,005 
Prepaid expenses 5,979 6,354 
Deferred billings, net*44,360 61,537 
Right of use (ROU) assets finance lease34,284 26,358 
Others64,742 52,450 
Total$322,158 $304,134 
*Deferred billings were $48,071 and $64,735 and allowances for credit losses on deferred billings were $3,711 and $3,198, resulting in net deferred billings balances of $44,360 and $61,537 as of December 31, 2021 and 2022, respectively.
During the years ended December 31, 2020 and 2021, the Company recorded additional charges of $2,400 and $577, respectively, and a release of $513 during the year ended December 31, 2022 in the income statement on account of credit losses on deferred billings.
During the year ended December 31, 2022, the Company sold certain other assets amounting to $0 and classified $1,765 as assets held for sale relating to the Business, the sale of which was completed after December 31, 2022. See Note 8 for additional information.