7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 
      
    		                      
      assets
    		                      
      current assets
    		                      
      cash and cash equivalents
    		938,944,000 631,908,000 1,087,720,000 929,026,000 950,052,000 1,764,644,000 843,000,000 477,010,000 936,448,000 2,173,077,000 1,975,689,000 1,710,751,000 991,628,000 2,108,037,000 1,791,517,000 1,541,048,000 1,800,808,000 1,142,281,000 708,810,000 1,008,680,000 1,552,802,000 2,443,430,000 
      financial royalty assets
    		860,073,000 842,938,000 716,559,000 783,770,000 765,773,000 750,098,000 660,482,000 738,438,000 742,160,000 729,910,000 610,022,000 691,319,000 675,857,000 639,244,000 570,684,000 614,351,000 579,746,000 596,851,000 522,388,000 587,193,000 556,856,000 526,937,000 
      available for sale debt securities
    		16,100,000 13,200,000 12,100,000 58,200,000 48,500,000 38,500,000 29,000,000 18,300,000 5,300,000 5,100,000 2,500,000 1,300,000 409,347,000 363,700,000 64,800,000 66,000,000 67,016,000 68,702,000 69,261,000 69,984,000 43,507,000 28,500,000 
      other royalty income receivable
    		28,901,000 27,743,000 23,785,000 26,956,000 24,901,000 23,580,000 22,227,000 22,405,000 21,553,000 18,870,000 22,084,000 19,767,000 19,131,000 17,315,000 14,618,000 15,023,000 13,844,000 10,694,000 6,541,000 6,011,000 4,389,000 3,147,000 
      other current assets
    		5,519,000 4,452,000 3,079,000 4,187,000 4,969,000 2,292,000 5,010,000 3,798,000 6,784,000 10,224,000 4,570,000 90,520,000 90,515,000 67,119,000 5,388,000 6,631,000 8,945,000 12,098,000 6,657,000 8,596,000 14,398,000 12,789,000 
      total current assets
    		1,849,537,000 1,520,241,000 1,843,243,000 1,802,139,000 1,794,195,000 2,579,114,000 1,559,719,000 1,274,193,000 1,728,605,000 2,953,539,000 2,631,221,000 2,554,908,000 2,342,116,000 3,503,849,000 2,982,418,000 2,878,211,000 2,775,761,000 2,707,454,000 2,416,024,000 2,696,898,000 2,783,851,000 3,390,789,000 
      equity securities
    		129,393,000 110,529,000 141,083,000 186,960,000 228,867,000 178,017,000 277,217,000 199,487,000 144,342,000 142,800,000 101,529,000 112,348,000 262,820,000 304,447,000 267,638,000 269,800,000 264,765,000 184,042,000 244,503,000 298,689,000 637,411,000 477,185,000 
      equity method investments
    		290,957,000 275,914,000 336,208,000 379,424,000 351,017,000 352,099,000 350,355,000 375,894,000 378,291,000 384,301,000 384,325,000 397,175,000 409,857,000 412,076,000 418,151,000        
      goodwill
    		924,634,000 924,634,000                     
      other assets
    		86,585,000 85,491,000 36,707,000 33,534,000 42,789,000 27,555,000 4,488,000 6,522,000 20,212,000 29,408,000 28,030,000 29,629,000 30,613,000 33,412,000 3,870,000 4,145,000 4,515,000 5,960,000 4,256,000 23,158,000 4,891,000  
      total assets
    		19,347,280,000 18,323,000,000 17,608,256,000 18,222,715,000 18,042,242,000 17,656,579,000 16,130,886,000 16,381,851,000 15,855,524,000 17,121,482,000 17,074,121,000 16,813,466,000 17,672,605,000 17,740,413,000 17,378,888,000 17,515,865,000 17,732,358,000 16,514,913,000 15,914,088,000 16,020,286,000 15,990,678,000 15,685,556,000 
      liabilities and shareholders’ equity
    		                      
      current liabilities
    		                      
      distributions payable to non-controlling interests
    		77,222,000 98,197,000 108,796,000          105,731,000 115,990,000 116,010,000        
      accounts payable and accrued liabilities
    		41,415,000 20,209,000                     
      interest payable
    		29,044,000 85,609,000 19,221,000 98,062,000 38,412,000 56,252,000 12,595,000 51,682,000 12,595,000 54,162,000 13,199,000 54,162,000 13,199,000 54,162,000 13,199,000 57,696,000 16,733,000 42,904,000 10,271,000 42,146,000   
      current portion of long-term debt
    		380,000,000 999,436,000 998,605,000 997,773,000 996,942,000     999,370,000 998,441,000 997,512,000 996,583,000         182,226,000 
      other current liabilities
    		3,121,000 3,075,000 18,600,000 68,600,000 31,200,000 97,493,000 9,019,000 11,375,000    12,400,000      4,314,000     
      total current liabilities
    		530,802,000 1,206,526,000 1,182,852,000 1,253,616,000 1,167,758,000 275,701,000 124,574,000 161,377,000 127,933,000 1,172,222,000 1,116,879,000 1,166,783,000 1,131,625,000 182,327,000 135,871,000 171,250,000 255,055,000 283,989,000 255,983,000 307,887,000 269,983,000 450,973,000 
      long-term debt
    		8,565,735,000 7,003,063,000 6,618,847,000 6,614,653,000 6,610,437,000 7,602,019,000 6,139,376,000 6,135,285,000 6,131,194,000 6,127,074,000 6,122,942,000 6,118,810,000 6,114,677,000 7,106,199,000 7,101,138,000 7,096,070,000 7,090,669,000 5,825,559,000 5,821,072,000 5,816,584,000 5,812,047,000 5,729,622,000 
      accrued compensation liabilities
    		502,938,000 467,143,000                     
      other liabilities
    		126,944,000 143,328,000 17,900,000 12,080,000 5,580,000 27,041,000 3,220,000 900,000 11,300,000 8,500,000 12,300,000 2,500,000 9,900,000 43,700,000       110,000,000 110,000,000 
      total liabilities
    		9,726,419,000 8,820,060,000 7,819,599,000 7,880,349,000 7,783,775,000 7,904,761,000 6,267,170,000 6,297,562,000 6,270,427,000 7,307,796,000 7,252,121,000 7,288,093,000 7,256,202,000 7,332,226,000 7,237,009,000 7,267,320,000 7,345,724,000 6,109,548,000 6,077,055,000 6,124,471,000 6,192,030,000 6,290,595,000 
      commitments and contingencies
    		                      
      shareholders’ equity
    		                      
      class a ordinary shares, 0.0001 par value; issued and outstanding: 2025–429,027 and 2024–445,985
    		44,000                      
      class b ordinary shares, 0.000001 par value; issued and outstanding: 2025–149,990 and 2024–143,128
    		                      
      class r redeemable shares, £1 par value; issued and outstanding: 2025–50 and 2024–50
    		63,000 63,000 63,000                    
      deferred shares, 0.000001 par value; issued and outstanding: 2025–409,923 and 2024–392,255
    		                      
      additional paid-in capital
    		4,112,538,000 4,127,665,000 4,210,531,000 4,103,482,000 4,107,742,000 4,100,554,000 4,074,849,000 4,011,435,000 4,006,758,000 4,031,242,000 3,739,658,000 3,666,160,000 3,632,903,000 3,570,585,000 3,543,204,000 3,507,533,000 3,454,218,000 3,415,598,000 2,931,249,000 2,865,964,000 2,611,976,000 2,557,237,000 
      retained earnings
    		2,304,314,000 2,222,750,000 2,480,664,000 2,845,653,000 2,764,685,000 2,378,251,000 2,427,448,000 2,517,583,000 2,134,680,000 2,252,945,000 2,216,811,000 1,964,689,000 2,504,974,000 2,446,132,000 2,224,677,000 2,255,179,000 2,320,878,000 2,291,966,000 1,923,771,000 1,920,635,000 1,807,146,000 1,571,399,000 
      non-controlling interests
    		3,206,513,000 3,155,030,000 3,100,010,000 3,395,785,000 3,388,589,000 3,275,566,000 3,363,965,000 3,557,792,000 3,446,175,000 3,532,019,000 3,868,251,000 3,897,223,000 4,264,303,000 4,380,938,000 4,364,324,000        
      treasury interests
    		-2,611,000 -2,612,000 -2,654,000 -2,662,000 -2,657,000 -2,661,000 -2,654,000 -2,629,000 -2,624,000 -2,629,000 -2,828,000 -2,806,000 -2,788,000 -2,752,000 -2,736,000 -2,715,000 -2,685,000 -2,662,000 -2,359,000 -2,317,000 -2,155,000 -2,119,000 
      total shareholders’ equity
    		9,620,861,000 9,502,940,000 9,788,657,000 10,342,366,000 10,258,467,000 9,751,818,000 9,863,716,000 10,084,289,000 9,585,097,000 9,813,686,000 9,822,000,000 9,525,373,000 10,416,403,000 10,408,187,000 10,141,879,000 10,248,545,000 10,386,634,000 10,405,365,000 9,837,033,000    
      total liabilities and shareholders’ equity
    		19,347,280,000 18,323,000,000 17,608,256,000 18,222,715,000 18,042,242,000 17,656,579,000 16,130,886,000 16,381,851,000 15,855,524,000 17,121,482,000 17,074,121,000 16,813,466,000 17,672,605,000 17,740,413,000 17,378,888,000 17,515,865,000 17,732,358,000 16,514,913,000 15,914,088,000    
      class a ordinary shares, 0.0001 par value; issued and outstanding: 2025–432,288 and 2024–445,985
    		 44,000                     
      class b ordinary shares, 0.000001 par value; issued and outstanding: 2025–150,881 and 2024–143,128
    		                      
      deferred shares, 0.000001 par value; issued and outstanding: 2025–409,032 and 2024–392,255
    		                      
      accounts payable and accrued expenses
    		  37,630,000 13,370,000 22,055,000 23,416,000 11,551,000 15,165,000 13,627,000 5,809,000 6,657,000 7,906,000 16,112,000 12,175,000 6,662,000 5,620,000 9,187,000 9,393,000 8,272,000 10,775,000 24,388,000 34,366,000 
      class a ordinary shares, 0.0001 par value; issued and outstanding: 2025–425,590 and 2024–445,985
    		  43,000                    
      class b ordinary shares, 0.000001 par value; issued and outstanding: 2025–140,870 and 2024–143,128
    		                      
      deferred shares, 0.000001 par value; issued and outstanding: 2025–394,513 and 2024–392,255
    		                      
      distributions payable to legacy non-controlling interests
    		   75,811,000 79,149,000 98,540,000 91,409,000 83,155,000 101,711,000 112,881,000 98,582,000 94,803,000           
      class a ordinary shares, 0.0001 par value; issued and outstanding: 2024–445,985 and 2023–446,692
    		   45,000                   
      class b ordinary shares, 0.000001 par value; issued and outstanding: 2024–143,128 and 2023–150,743
    		                      
      class r redeemable shares, £1 par value; issued and outstanding: 2024–50 and 2023–50
    		   63,000 63,000 63,000 63,000                
      deferred shares, 0.000001 par value; issued and outstanding: 2024–392,255 and 2023–384,640
    		                      
      class a ordinary shares, 0.0001 par value; issued and outstanding: 2024–446,038 and 2023–446,692
    		    45,000                  
      class b ordinary shares, 0.000001 par value; issued and outstanding: 2024–144,881 and 2023–150,743
    		                      
      deferred shares, 0.000001 par value; issued and outstanding: 2024–390,502 and 2023–384,640
    		                      
      class a ordinary shares, 0.0001 par value; issued and outstanding: 2024–449,065 and 2023–446,692
    		     45,000                 
      class b ordinary shares, 0.000001 par value; issued and outstanding: 2024–145,328 and 2023–150,743
    		                      
      deferred shares, 0.000001 par value; issued and outstanding: 2024–390,055 and 2023–384,640
    		                      
      class a ordinary shares, 0.0001 par value; issued and outstanding: 2024–450,981 and 2023–446,692
    		      45,000                
      class b ordinary shares, 0.000001 par value; issued and outstanding: 2024–146,456 and 2023–150,743
    		                      
      deferred shares, 0.000001 par value; issued and outstanding: 2024–388,927 and 2023–384,640
    		                      
      marketable securities
    		           24,421,000 139,926,000 290,402,000 484,221,000 581,872,000 245,745,000 842,685,000 1,068,913,000 983,279,000 579,527,000 343,679,000 
      accrued royalty receivable
    		       14,242,000 16,360,000 16,358,000 16,356,000 16,830,000 15,712,000 18,032,000 51,190,000 53,286,000 59,657,000 34,143,000 33,454,000 33,155,000 32,372,000 32,307,000 
      class a ordinary shares, 0.0001 par value; issued and outstanding: 2023–446,692 and 2022–443,166
    		       45,000               
      class b ordinary shares, 0.000001 par value; issued and outstanding: 2023–150,743 and 2022–164,058
    		                      
      class r redeemable shares, £1 par value; issued and outstanding: 2023–50 and 2022–50
    		       63,000 63,000 63,000             
      deferred shares, 0.000001 par value; issued and outstanding: 2023–384,640 and 2022–371,325
    		                      
      class a ordinary shares, 0.0001 par value; issued and outstanding: 2023–445,843 and 2022–443,166
    		        45,000              
      class b ordinary shares, 0.000001 par value; issued and outstanding: 2023–152,546 and 2022–164,058
    		                      
      deferred shares, 0.000001 par value; issued and outstanding: 2023–382,837 and 2022–371,325
    		                      
      class a ordinary shares, 0.0001 par value; issued and outstanding: 2023–450,352 and 2022–443,166
    		         46,000             
      class b ordinary shares, 0.000001 par value; issued and outstanding: 2023–152,896 and 2022–164,058
    		                      
      deferred shares, 0.000001 par value; issued and outstanding: 2023–382,487 and 2022–371,325
    		                      
      class a ordinary shares, 0.0001 par value; 448,287 and 443,166 issued and outstanding, respectively
    		          45,000            
      class b ordinary shares, 0.000001 par value; 158,939 and 164,058 issued and outstanding, respectively
    		                      
      class r redeemable shares, £1 par value; 50 and 50 issued and outstanding, respectively
    		          63,000 63,000 63,000 63,000 63,000 63,000 63,000 63,000 63,000    
      deferred shares, 0.000001 par value; 376,444 and 371,325 issued and outstanding, respectively
    		                      
      intangible royalty assets
    		               5,670,000 11,466,000 17,262,000 22,995,000 28,666,000 34,462,000 40,258,000 
      class a ordinary shares, 0.0001 par value; 443,166 and 432,963 issued and outstanding, respectively
    		           44,000           
      class b ordinary shares, 0.000001 par value; 164,058 and 174,213 issued and outstanding, respectively
    		                      
      deferred shares, 0.000001 par value, 371,325 and 361,170 issued and outstanding, respectively
    		                      
      accumulated other comprehensive income
    		            16,904,000 13,177,000 12,304,000 16,491,000 20,553,000 28,672,000 29,452,000 34,395,000 34,746,000 30,515,000 
      class a ordinary shares, 0.0001 par value; 441,104 and 432,963 issued and outstanding, respectively
    		            44,000          
      class b ordinary shares, 0.000001 par value; 166,118 and 174,213 issued and outstanding, respectively
    		                      
      deferred shares, 0.000001 par value; 369,265 and 361,170 issued and outstanding, respectively
    		                      
      class a ordinary shares, 0.0001 par value; 437,139 and 432,963 issued and outstanding, respectively
    		             44,000         
      class b ordinary shares, 0.000001 par value; 170,081 and 174,213 issued and outstanding, respectively
    		                      
      deferred shares, 0.000001 par value; 365,302 and 361,170 issued and outstanding, respectively
    		                      
      class a ordinary shares, 0.0001 par value; 435,316 and 432,963 issued and outstanding, respectively
    		              43,000        
      class b ordinary shares, 0.000001 par value; 171,862 and 174,213 issued and outstanding, respectively
    		                      
      deferred shares, 0.000001 par value; 363,521 and 361,170 issued and outstanding, respectively
    		                      
      investments in non-consolidated affiliates
    		               435,394,000 473,051,000 465,620,000 444,407,000 454,936,000 439,839,000 430,296,000 
      liabilities and equity
    		                      
      distribution payable to non-controlling interest
    		               107,934,000 119,135,000 117,378,000 108,840,000 126,366,000 135,595,000  
      accrued purchase obligation
    		                110,000,000 110,000,000 110,000,000 110,000,000 110,000,000 111,610,000 
      class a ordinary shares, 0.0001 par value; 432,963 and 388,135 issued and outstanding, respectively
    		               43,000       
      class b ordinary shares, 0.000001 par value; 174,213 and 218,976 issued and outstanding, respectively
    		                      
      deferred shares, 0.000001 par value, 361,170 and 316,407 issued and outstanding, respectively
    		                      
      non-controlling interest
    		               4,471,951,000 4,593,564,000 4,671,686,000 4,954,818,000 5,077,036,000 5,346,835,000 5,237,829,000 
      class a ordinary shares, 0.0001 par value; 429,511 and 388,135 issued and outstanding, respectively
    		                43,000      
      class b ordinary shares, 0.000001 par value; 177,663 and 218,976 issued and outstanding, respectively
    		                      
      deferred shares, 0.000001 par value, 357,720 and 316,407 issued and outstanding, respectively
    		                      
      class a ordinary shares, 0.0001 par value; 427,006 and 388,135 issued and outstanding, respectively
    		                 42,000     
      class b ordinary shares, 0.000001 par value; 180,166 and 218,976 issued and outstanding, respectively
    		                      
      deferred shares, 0.000001 par value, 355,217 and 316,407 issued and outstanding, respectively
    		                      
      derivative financial instruments
    		                  2,884,000 5,439,000 7,629,000 14,717,000 
      milestone payable
    		                  18,600,000 18,600,000   
      class a ordinary shares, 0.0001 par value; 392,857 and 388,135 issued and outstanding, respectively
    		                  39,000    
      class b ordinary shares, 0.000001 par value; 214,255 and 218,976 issued and outstanding, respectively
    		                      
      deferred shares, 0.000001 par value, 321,128 and 316,407 issued and outstanding, respectively
    		                      
      shareholders’/unitholders’ equity
    		                      
      shareholders’ contributions
    		                      
      class a ordinary shares, 0.0001 par value; 388,135 and 0 issued and outstanding, respectively
    		                   39,000   
      class b shares, 0.000001 par value; 218,976 and 0 issued and outstanding, respectively
    		                      
      class r redeemable shares, £1 par value; 50 and 0 issued and outstanding, respectively
    		                   63,000 63,000 63,000 
      deferred shares, 0.000001 par value, 316,407 and 0 issued and outstanding, respectively
    		                      
      total shareholders’/unitholders’ equity
    		                   9,895,815,000 9,798,648,000  
      total liabilities and shareholders’/unitholders’ equity
    		                   16,020,286,000 15,990,678,000  
      class a ordinary shares, 0.0001 par value; 370,002 and 0 issued and outstanding, respectively
    		                    37,000  
      class b shares, 0.000001 par value; 237,108 and 0 issued and outstanding, respectively
    		                      
      deferred shares, 0.000001 par value, 298,275 and 0 issued and outstanding, respectively
    		                      
      royalty distribution payable to affiliates
    		                     122,771,000 
      shareholders'/unitholders' equity
    		                      
      shareholders' contributions
    		                      
      class a ordinary shares, 0.0001 par value; 365,899 and 0 issued and outstanding, respectively
    		                     37,000 
      class b shares, 0.000001 par value; 241,207 and 0 issued and outstanding, respectively
    		                      
      deferred shares, 0.000001 par value, 294,176 and 0 issued and outstanding, respectively
    		                      
      total shareholders'/unitholders' equity
    		                     9,394,961,000 
      total liabilities and shareholders'/unitholders' equity
    		                     15,685,556,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.