CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Cash collections from financial royalty assets	$ 744,949	$ 1,151,635
Cash collections from intangible royalty assets	13,544	617
Other royalty cash collections	26,311	19,685
Distributions from equity method investees	13,396	16,267
Interest received	6,430	15,568
Development-stage funding payments - ongoing	(500)	(500)
Payments for operating and professional costs	(60,521)	(86,846)
Interest paid	(78,971)	(82,589)
Net cash provided by operating activities	664,638	1,033,837
Cash flows from investing activities:
Distributions from equity method investees	4,965	34,767
Investments in equity method investees	(6,971)	(3,579)
Proceeds from available for sale debt securities	1,440	0
Proceeds from sales and maturities of marketable securities	0	24,391
Acquisitions of financial royalty assets	(86,084)	(601,705)
Milestone payments	0	(12,400)
Net cash used in investing activities	(86,650)	(558,526)
Cash flows from financing activities:
Distributions to legacy non-controlling interests - Portfolio Receipts	(87,608)	(91,938)
Distributions to legacy non-controlling interests - other	(32,011)	(33,394)
Dividends to shareholders	(93,805)	(88,633)
Contributions from legacy non-controlling interests - R&D	88	279
Contributions from non-controlling interests - other	1,338	3,313
Net cash used in financing activities	(211,998)	(210,373)
Net change in cash and cash equivalents	365,990	264,938
Cash and cash equivalents, beginning of period	477,010	1,710,751
Cash and cash equivalents, end of period	$ 843,000	$ 1,975,689