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Indirect Cash Flow (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Cash flow from operating activities:        
Consolidated net income $ 806,358 $ 122,077 $ 996,462 $ 982,502
Adjustments to reconcile consolidated net income to net cash provided by operating activities:        
Income from financial royalty assets     (1,587,577) (1,674,689)
Provision for changes in expected cash flows from financial royalty assets (227,604) 277,137 568,425 637,169
Amortization of debt discount and issuance costs     14,256 15,658
(Gains)/losses on derivative financial instruments     (3,000) 2,290
Gains on equity securities (50,849) (1,541) (81,455) (31,994)
Equity in losses/(earnings) of equity method investees (10,407) 5,222 2,039 (28,614)
Distributions from equity method investees     13,396 18,823
Share-based compensation     1,819 1,740
Gains on available for sale debt securities $ (57,680) $ (7,300) (103,900) (122,500)
Other     (1,801) 3,263
Changes in operating assets and liabilities:        
Cash collected on financial royalty assets     2,205,933 2,454,054
Other royalty income receivable     (2,496) (669)
Other current assets     13,068 (1,942)
Accounts payable and accrued expenses     3,582 1,650
Interest payable     (13,270) (41,567)
Other liabilities     980 0
Net cash provided by operating activities     2,026,461 2,215,174
Cobenfy        
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]        
Milestone payable     25,000 0
Erleada        
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]        
Milestone payable     $ 6,200 $ 0