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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Cash collections from financial royalty assets $ 1,549,211 $ 1,402,054
Cash collections from intangible royalty assets 104,131 107,695
Other royalty cash collections 12,614 24,636
Interest received 7,476 18,262
Swap collateral received 45,252 360
Swap collateral posted 0 (45,630)
Swap termination payments (35,448) 0
Distributions from non-consolidated affiliates 36,041 14,059
Development-stage funding payments - ongoing (18,510) (67,166)
Payments for operating and professional costs (129,382) (70,125)
Interest paid (102,429) (195,335)
Net cash provided by operating activities 1,468,956 1,188,810
Cash flows from investing activities:    
Distributions from non-consolidated affiliates 15,084 0
Purchases of available for sale debt securities 0 (125,121)
Purchase of equity securities (50,000) 0
Proceeds from available for sale debt securities 0 150,000
Purchase of marketable securities (1,095,259) (750,014)
Proceeds from sales and maturities of marketable securities 609,604 161,535
Investments in non-consolidated affiliates (29,262) (22,685)
Acquisitions of financial royalty assets (1,377,085) (1,254,523)
Milestone payments 0 (250,000)
Net cash used in investing activities (1,926,918) (2,090,808)
Cash flows from financing activities:    
Distributions to shareholders/unitholders (285,353) (564,038)
Distributions to non-controlling interest (400,893) (117,057)
Distributions to non-controlling interest- other (74,231) 0
Dividends to shareholders (54,885) 0
Contributions from non-controlling interest- R&D 6,221 0
Contributions from non-controlling interest- other 29,985 0
Scheduled repayments of long-term debt (94,200) (220,500)
Repayments of long-term debt (11,116,196) 0
Proceeds from issuance of long-term debt 11,891,030 0
Debt issuance costs and other (46,564) 0
Purchase of treasury interests 0 (4,228)
Proceeds from issuance of Class A ordinary shares upon IPO, net of offering costs 1,909,651 0
Net cash provided by/(used in) financing activities 1,764,565 (905,823)
Net change in cash and cash equivalents 1,306,603 (1,807,821)
Cash and cash equivalents, beginning of period 246,199 1,924,211
Cash and cash equivalents, end of period $ 1,552,802 $ 116,390