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Indirect Cash Flow | 12 Months Ended
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Dec. 31, 2021
Supplemental Cash Flow Elements [Abstract] |
Indirect Cash Flow | Indirect Cash Flow Adjustments to reconcile consolidated net income to net cash provided by operating activities are summarized below (in thousands).
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Cash flow from operating activities: |  |  |  |  |
Consolidated net income | $ | 1,241,201 |  |  | $ | 1,701,954 |  |  | $ | 2,461,419 |
Adjustments to reconcile consolidated net income to net cash provided by operating activities: |  |  |  |  |
Income from financial royalty assets | (2,065,083) |  |  | (1,959,975) |  |  | (1,648,837) |
Provision for changes in expected cash flows from financial royalty assets | 452,842 |  |  | 230,839 |  |  | (1,019,321) |
Amortization of intangible assets | 22,996 |  |  | 23,058 |  |  | 23,924 |
Amortization of debt discount and issuance costs | 20,162 |  |  | 11,715 |  |  | 12,790 |
Losses on derivative financial instruments | 21,532 |  |  | 42,076 |  |  | 39,138 |
Losses/(gains) on equity securities | 48,066 |  |  | (247,073) |  |  | (155,749) |
Equity in losses/(earnings) of non-consolidated affiliates | 19,490 |  |  | (44,459) |  |  | 32,517 |
Distributions from non-consolidated affiliates | 34,384 |  |  | 42,334 |  |  | 14,059 |
Loss on extinguishment of debt | 358 |  |  | 30,272 |  |  | — |
Share-based compensation | 2,443 |  |  | 5,428 |  |  | — |
Interest income accretion | (50,896) |  |  | (20,551) |  |  | — |
Unrealized gains on available for sale debt securities | (17,859) |  |  | (18,600) |  |  | — |
Impairment charge | — |  |  | 65,053 |  |  | — |
Termination of derivative financial instruments | (16,093) |  |  | (34,952) |  |  | — |
Other | 4,461 |  |  | 9,621 |  |  | (2,122) |
Decrease/(increase) in operating assets: |  |  |  |  |
Cash collected on financial royalty assets | 2,315,854 |  |  | 2,121,923 |  |  | 1,934,092 |
Available for sale debt securities | — |  |  | — |  |  | (150,000) |
Accrued royalty receivable | (20,131) |  |  | 370 |  |  | 2,471 |
Other receivables | — |  |  | — |  |  | 150,000 |
Other royalty income receivable | (9,012) |  |  | (770) |  |  | 7,390 |
Other current assets and other assets | 1,857 |  |  | 34,986 |  |  | (41,028) |
(Decrease)/increase in operating liabilities: |  |  |  |  |
Accounts payable and accrued expenses | (4,586) |  |  | (766) |  |  | 6,496 |
Interest payable | 15,550 |  |  | 42,146 |  |  | — |
Net cash provided by operating activities | $ | 2,017,536 |  |  | $ | 2,034,629 |  |  | $ | 1,667,239 |
Non-cash investing and financing activities are summarized below (in thousands).
| Years Ended December 31,
Supplemental Schedule of Non-cash Investing/Financing Activities: | 2021 |  | 2020 |  | 2019
Receipt of contribution of investment in Legacy Investors Partnerships (Note 9) | $ | — |  |  | $ | 303,679 |  |  | $ | — |
Settlement of Epizyme forward purchase contract | — |  |  | 5,700 |  |  | — |
Accrued purchase obligation - Tazverik (Note 17) | — |  |  | 110,000 |  |  | — |
Repayments of long-term debt by contributions from non-controlling interest (1) | — |  |  | 1,103,774 |  |  | — |
Milestone payable - Erleada (2) | — |  |  | 18,600 |  |  | — |
(1) Related to the pro rata portion of RPIFT’s outstanding debt repaid by the Legacy Investors Partnerships.
(2) Related to the achievement of a sales-based milestone that was not paid as of December 31, 2020 as recorded within Other current liabilities on the consolidated balance sheet.

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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -URI http://asc.fasb.org/topic&trid=2134446 + Details
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- References No definition available. + Details
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