Indirect Cash Flow (Tables)

3 Months Ended

Mar. 31, 2024

Supplemental Cash Flow Elements [Abstract]

Summary of Cash Flow, Supplemental Disclosures

Adjustments to reconcile consolidated net (loss)/income to net cash provided by operating activities are summarized below (in thousands):

	For the Three Months Ended March 31,
	2024		2023
Cash flow from operating activities:
Consolidated net (loss)/income	$	(4,273)	$	509,089
Adjustments to reconcile consolidated net (loss)/income to net cash provided by operating activities:
Income from financial royalty assets	(541,546)		(664,687)
Provision for changes in expected cash flows from financial royalty assets	583,600		118,804
Amortization of debt discount and issuance costs	4,349		5,324
Gains on derivative financial instruments	—		(7,090)
(Gains)/losses on equity securities	(77,730)		10,818
Equity in losses/(earnings) of equity method investees	14,149		(34,606)
Distributions from equity method investees	13,396		16,267
Share-based compensation	612		573
Gains on available for sale debt securities	(46,420)		(32,300)
Other	3,047		3,147
Changes in operating assets and liabilities:
Cash collected on financial royalty assets	744,949		1,151,635
Other royalty income receivable	178		(1,200)
Other current assets	13,028		275
Accounts payable and accrued expenses	(3,614)		(1,249)
Interest payable	(39,087)		(40,963)
Net cash provided by operating activities	$	664,638	$	1,033,837