OTHER INCOME (LOSS), NET

12 Months Ended

Dec. 31, 2024

Other Income and Expenses [Abstract]

OTHER (LOSS) INCOME, NET

17. OTHER INCOME (LOSS), NET

The following table summarizes other income (loss), net for the periods indicated:

	For the Year Ended December 31,
	2024			2023			2022
	(in thousands)
Accretion of investment discount, net	$	41,132		$	49,712		$	11,235
Interest income		30,635			36,257			16,488
Interest expense		(18,391	)		(22,010	)		(53,248	)
Change in fair value of derivatives*		(7,838	)		(1,200	)		6,700
Impairment of strategic investments		—			(30,321	)		(2,575	)
Other, net		(2,845	)		617			(6,921	)
Other income (expense), net	$	42,693		$	33,055		$	(28,321	)
Loss on debt extinguishment		—			(387,329	)		(125,441	)
Gain from sale of Priority Review Voucher		—			102,000			—
Total other income (loss), net	$	42,693		$	(252,274	)	$	(153,762	)

* Related to the change in fair value of the contingent consideration derivative liabilities and the 2017 Capped Calls derivative assets. For more information, please read Note 5, Fair Value Measurements and Note 13, Indebtedness.