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DEFERRED REVENUES
9 Months Ended
Sep. 30, 2023
DEFERRED REVENUES  
DEFERRED REVENUES
(8) DEFERRED REVENUES

 

The Company records deferred revenues when cash payments are received or due in advance of the Company's performance. The decrease in the deferred revenue balance for the nine months ended September 30, 2023 is the result of $134.4 million of cash payments received in the current year for which the Company has not yet satisfied the performance obligations, offset by $145.1 million of revenues recognized.