v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 631,908 $ 929,026
Financial royalty assets 842,938 783,770
Available for sale debt securities 13,200 58,200
Other royalty income receivable 27,743 26,956
Other current assets 4,452 4,187
Total current assets 1,520,241 1,802,139
Financial royalty assets, net 15,134,291 15,127,158
Equity securities 110,529 186,960
Available for sale debt securities 271,900 693,500
Equity method investments 275,914 379,424
Goodwill 924,634 0
Other assets 85,491 33,534
Total assets 18,323,000 18,222,715
Current liabilities    
Distributions payable to non-controlling interests 98,197 75,811
Accounts payable and accrued liabilities 20,209 13,370
Interest payable 85,609 98,062
Current portion of long-term debt 999,436 997,773
Other current liabilities 3,075 68,600
Total current liabilities 1,206,526 1,253,616
Long-term debt 7,003,063 6,614,653
Accrued compensation liabilities 467,143 0
Other liabilities 143,328 12,080
Total liabilities 8,820,060 7,880,349
Commitments and contingencies
Shareholders’ equity    
Deferred shares, $0.000001 par value; issued and outstanding: 2025–409,032 and 2024–392,255 0 0
Additional paid-in capital 4,127,665 4,103,482
Retained earnings 2,222,750 2,845,653
Non-controlling interests 3,155,030 3,395,785
Treasury interests (2,612) (2,662)
Total shareholders’ equity 9,502,940 10,342,366
Total liabilities and shareholders’ equity 18,323,000 18,222,715
Class A Ordinary Shares    
Shareholders’ equity    
Common stock 44 45
Class B Ordinary Shares    
Shareholders’ equity    
Common stock 0 0
Class R Redeemable Shares    
Shareholders’ equity    
Common stock $ 63 $ 63