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Other Income, Net (Tables)
12 Months Ended
Dec. 31, 2023
Other Income and Expenses [Abstract]  
Summary of amounts recorded in Other income, net

A summary of the amounts recorded in Other income, net is as follows:

 

 

For the year ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Foreign exchange (loss) / gain

 

$

(7,434

)

 

$

38,289

 

 

$

7,122

 

Fair value (loss) / gain on contingent consideration

 

 

(948

)

 

 

(9,075

)

 

 

13,443

 

Fair value gain on warrant liability (1)

 

 

1,671

 

 

 

32,481

 

 

 

222,611

 

Gain on derivative instruments (2)

 

 

3,314

 

 

 

17,458

 

 

 

1,611

 

Gain on debt repurchases

 

 

10,758

 

 

 

11,534

 

 

 

 

Other (3)

 

 

5,720

 

 

 

(6,909

)

 

 

(5,126

)

Other income, net

 

$

13,081

 

 

$

83,778

 

 

$

239,661

 

 

(1)
The Company accounts for warrants as derivative liabilities. The warrants were initially recorded at fair value based on the public warrants listed trading price and are subsequently remeasured at the balance sheet date with the changes in fair value recognized in the Consolidated Statements of Comprehensive Loss.
(2)
Gain on derivative instruments includes the non-cash fair value gain /loss on the instruments and the cash payments and receipts on derivatives.
(3)
Mainly relates to finance income, offset by certain banking fees and loss due to write-off of related party receivables in the prior year.