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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Total income and other revenues $ 2,289,463 $ 2,122,353 $ 1,814,254
Operating expenses      
Provision for changes in expected cash flows from financial royalty assets 452,842 230,839 (1,019,321)
Research and development funding expense 200,084 26,289 83,036
Amortization of intangible assets 22,996 23,058 23,924
General and administrative expenses 182,826 181,715 103,439
Other operating expenses 0 65,053 0
Total operating expenses/(income), net 858,748 526,954 (808,922)
Operating income 1,430,715 1,595,399 2,623,176
Other expense/(income)      
Equity in losses/(earnings) of non-consolidated affiliates 19,490 (44,459) 32,517
Interest expense 166,142 157,059 268,573
Losses on derivative financial instruments 21,532 42,076 39,138
Losses/(gains) on equity securities 48,066 (247,073) (155,749)
Unrealized gains on available for sale debt securities (17,859) (18,600) 0
Interest income (53,535) (28,379) (22,329)
Other non-operating expense/(income), net 5,678 32,821 (393)
Total other expense/(income), net 189,514 (106,555) 161,757
Consolidated net income before tax 1,241,201 1,701,954 2,461,419
Income tax expense 0 0 0
Consolidated net income 1,241,201 1,701,954 2,461,419
Net income attributable to non-controlling interest 621,473 726,914 112,884
Net income attributable to controlling interest $ 619,728 $ 975,040 2,348,535
Earnings per Class A ordinary share      
Basic (in dollars per share) [1] $ 1.49 $ 1.32  
Diluted (in dollars per share) [1] $ 1.49 $ 1.32  
Weighted average Class A ordinary shares outstanding      
Basic (in shares) [1] 414,794 375,444  
Diluted (in shares) [1] 414,802 375,455  
Income from financial royalty assets      
Total income and other revenues $ 2,065,083 $ 1,959,975 1,648,837
Revenue from intangible royalty assets      
Total income and other revenues 171,248 143,382 145,775
Other royalty income      
Total income and other revenues $ 53,132 $ 18,996 $ 19,642
[1] Represents earnings per Class A ordinary share and weighted average Class A ordinary shares outstanding for the period from June 16, 2020 through December 31, 2020 following our initial public offering (“IPO”) in the year ended December 31, 2020. See Note 13–Earnings per Share.