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OTHER INCOME (LOSS), NET (Tables)
12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Summary of Other (Loss) Income, 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

)