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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2024
WestEnd Acquisition  
Business Acquisition [Line Items]  
Summary of Significant Inputs to Valuation of Contingent Consideration Payable

Significant inputs to the valuation of contingent consideration payable to sellers as of September 30, 2024 and December 31, 2023 are as follows and are approximate values:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2024

 

 

 

December 31, 2023

 

 

Net revenue 5 year average annual growth rate

 

 

 

13

 

%

 

 

22

 

%

Market price of risk adjustment for revenue (continuous)

 

 

 

7

 

%

 

 

7

 

%

Revenue volatility

 

 

 

21

 

%

 

 

21

 

%

Discount rate

 

 

 

6

 

%

 

 

7

 

%

Years remaining in earn out period

 

 

 

3.1

 

 

 

 

3.8

 

 

Undiscounted estimated remaining earn out payments $ millions

 

 

$153 - $240

 

 

 

$243 - $320