XML 38 R29.htm IDEA: XBRL DOCUMENT v3.22.2
Cumulative Allowance and the Provision for Changes in Expected Cash Flows from Financial Royalty Assets (Tables)
 6 Months Ended
Jun. 30, 2022
Credit Loss [Abstract]  
Schedule of Cumulative Allowance for Changes in Expected Cash Flows
The following table sets forth the activity in the cumulative allowance for changes in expected cash flows from financial royalty assets, inclusive of the cumulative allowance for credit losses, as of the dates indicated (in thousands):
Activity for the Period
Balance at December 31, 2021 (1)$(1,694,945)
Increases to the cumulative allowance for changes in expected cash flows from financial royalty assets(556,020)
Decreases to the cumulative allowance for changes in expected cash flows from financial royalty assets202,726 
Current period provision for credit losses, net (2)62,959 
Balance at June 30, 2022$(1,985,280)
(1)Includes $310.8 million related to cumulative allowance for credit losses.
(2)In the six months ended June 30, 2022, the provision income for credit losses was primarily related to a significant decline in the value of the Tazverik financial royalty asset.