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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 843,000 $ 477,010
Financial royalty assets 660,482 738,438
Available for sale debt securities 29,000 18,300
Other royalty income receivable 22,227 22,405
Other current assets 5,010 18,040
Total current assets 1,559,719 1,274,193
Financial royalty assets, net 13,465,407 14,088,655
Equity securities 277,217 199,487
Available for sale debt securities 473,700 437,100
Equity method investments 350,355 375,894
Other assets 4,488 6,522
Total assets 16,130,886 16,381,851
Current liabilities    
Distributions payable to legacy non-controlling interests 91,409 83,155
Accounts payable and accrued expenses 11,551 15,165
Interest payable 12,595 51,682
Other current liabilities 9,019 11,375
Total current liabilities 124,574 161,377
Long-term debt 6,139,376 6,135,285
Other liabilities 3,220 900
Total liabilities 6,267,170 6,297,562
Commitments and contingencies
Shareholders’ equity    
Deferred shares, $0.000001 par value; issued and outstanding: 2024–388,927 and 2023–384,640 0 0
Additional paid-in capital 4,074,849 4,011,435
Retained earnings 2,427,448 2,517,583
Non-controlling interests 3,363,965 3,557,792
Treasury interests (2,654) (2,629)
Total shareholders’ equity 9,863,716 10,084,289
Total liabilities and shareholders’ equity 16,130,886 16,381,851
Class A Ordinary Shares    
Shareholders’ equity    
Common stock 45 45
Class B Ordinary Shares    
Shareholders’ equity    
Common stock 0 0
Class R Redeemable Shares    
Shareholders’ equity    
Common stock $ 63 $ 63