XML 36 R14.htm IDEA: XBRL DOCUMENT v3.24.0.1
Related Party Transactions
12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
In February 2021, the Company entered into a distribution agreement, the terms of which are consistent with those prevailing at arm’s length. The spouse of one of the members of the Company’s Board of Directors is an executive officer of the distributor. The Company recorded $473.7 million, $249.9 million and $58.2 million of net revenues from the distributor for the years ended December 31, 2023, 2022, and 2021, respectively.
At each period end, related party transactions recorded on the consolidated balance sheets were as follows:
As of December 31,
(in millions)20232022
Accounts receivable, net$119.5 $64.7 
Distribution fees payable(1)
$6.1 $3.4 
Deferred revenue(1)
$2.8 $2.0 
(1) Balances are included in accrued expenses and other current liabilities.