Innoviva, inc. (INVA)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue:
Total net revenue

78,678

75,971

65,755

64,107

55,183

79,858

61,680

67,086

52,380

-

48,643

-

-

44,275

33,088

32,251

23,955

22,615

13,341

10,434

6,674

7,009

729

663

-1,050

1,202

0

0

0

-

-

-

-

-

-

-

-

5,302

6,264

Product sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Cost of goods sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Research and development

-

-

-

-

-

-

-

-

-

342

311

348

354

345

286

370

392

722

547

638

712

777

1,909

2,125

2,687

-21,894

2,104

2,412

26,416

-81,624

27,026

29,549

33,202

32,469

27,837

22,798

20,464

18,537

18,705

General and administrative

2,563

2,332

4,962

4,347

3,015

2,638

4,019

4,411

8,985

2,769

8,310

10,384

10,795

5,606

5,105

6,225

6,252

4,821

4,581

4,909

5,439

6,373

8,632

8,603

11,256

4,148

6,018

5,808

8,315

-595

7,754

7,590

7,857

8,468

7,796

7,248

7,169

6,610

6,991

General and administrative - related party

-

-

0

0

-

0

0

0

2,700

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

2,563

2,332

4,962

4,347

3,015

2,638

4,019

4,411

11,685

3,111

8,621

10,732

11,149

5,951

5,391

6,595

6,644

5,543

5,128

5,547

6,151

7,150

10,541

10,728

13,943

-17,746

8,122

8,220

34,731

-82,219

34,780

37,139

41,059

40,937

35,633

30,046

27,633

25,147

25,696

Income from operations

76,115

73,639

60,793

59,760

52,168

77,220

57,661

62,675

40,695

66,409

40,022

47,830

29,343

37,661

27,918

25,877

17,532

17,293

8,434

5,108

745

130

-9,542

-9,794

-14,723

19,197

-7,707

-6,898

-33,387

-42,127

-33,350

-35,709

86,040

-35,576

-29,202

-23,657

-21,302

-19,845

-19,432

Other expense, net

68

-223

-115

-8

1

-16

-2,626

39

-3,099

-12,668

6,369

-786

47

734

56

1,719

-32

3

-45

-16

1,178

-3,607

255

83

-3

-1

-37

8,192

-1,422

-

-

-

-

-

-

-

-

-

-

Interest income

1,302

1,538

1,624

1,403

975

519

370

380

391

393

376

306

236

171

162

157

92

52

90

85

116

117

93

165

188

211

192

190

185

156

158

90

56

71

81

118

145

136

134

Interest expense

4,516

4,689

4,693

4,661

4,617

4,581

5,238

6,478

7,657

8,354

10,262

12,204

12,781

13,000

13,103

13,156

13,157

13,047

13,063

12,987

12,706

12,566

12,355

10,327

1,644

1,685

1,902

3,025

2,736

1,500

1,500

1,501

1,502

1,501

1,505

1,506

1,510

1,513

1,508

Changes in fair values of equity investments

21,915

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

94,884

70,265

57,609

56,494

48,527

73,142

50,167

56,616

30,330

-

-

-

-

-

-

-

-

-

-

-

-

-15,926

-21,549

-19,873

-16,182

-

-9,454

-1,541

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit (expense), net

15,900

12,400

10,600

10,400

8,500

-196,073

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-278

278

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Continuing operations, net of tax (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.19

-0.18

-0.15

-

-0.09

-0.02

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-0.39

-0.47

-

-0.35

-0.35

-

-

-

-

-

-

-

-

-

-

-

Net income

78,952

57,862

47,051

46,061

40,019

269,215

50,167

56,616

30,330

58,514

23,767

35,146

16,845

-

-

-

-

-

-

-

-10,667

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-22,667

-

-20,806

Net income attributable to noncontrolling interest

13,515

11,913

7,242

8,321

6,229

5,455

3,078

1,990

749

129

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from continuing operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21,271

-20,151

-

-

-9,454

-1,541

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations (Notes 1 and 12)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-43,413

-51,521

-

-37,531

-34,888

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to Innoviva stockholders

65,437

45,949

39,809

37,740

33,790

263,760

47,089

54,626

29,581

58,385

23,767

35,146

16,845

25,471

15,033

14,597

4,435

-

-4,584

-7,810

-

-15,926

-21,271

-63,564

-67,703

-49,927

-46,985

-36,429

-37,360

-31,324

-34,692

-37,120

84,594

-

-30,626

-25,045

-

-21,222

-

Basic net income (loss) per share:
Basic net income per share attributable to Innoviva stockholders

0.65

0.46

0.39

0.37

0.33

2.62

0.47

0.54

0.29

0.54

0.22

0.33

0.16

0.23

0.14

0.13

0.04

-

-0.04

-

-

-

-

-

-

-

-

-

-

-

-0.37

-0.42

1.01

-

-0.37

-0.31

-0.28

-

-

Diluted net income (loss) per share:
Diluted net income per share attributable to Innoviva stockholders

0.59

0.42

0.36

0.34

0.31

2.34

0.43

0.49

0.27

0.51

0.21

0.30

0.15

0.23

0.13

0.13

0.04

-

-0.04

-

-

-

-

-

-

-

-

-

-

-

-0.37

-0.42

0.93

-

-0.37

-0.31

-0.28

-

-

Basic and diluted net income (loss) per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.07

-0.09

-

-0.19

-0.57

-0.62

0.00

-0.44

-0.37

-0.39

-

-

-

-

-

-

-

-

-0.29

-0.28

Shares used to compute Innoviva basic and diluted net income per share:
Shares used to compute basic net income per share

101,235

101,199

101,191

101,151

101,059

100,983

100,936

100,873

100,604

105,838

106,841

107,614

107,487

107,997

109,282

111,359

112,482

115,714

115,787

115,329

114,658

-

-

-

-

-

-

-

-

-

95,027

89,169

83,590

-

82,490

81,811

80,854

73,726

73,282

Shares used to compute diluted net income per share

113,509

113,454

113,415

113,391

113,376

113,304

113,363

113,399

113,566

118,869

119,796

120,463

120,336

133,445

121,993

124,316

113,178

115,714

115,787

115,329

114,658

-

-

-

-

-

-

-

-

-

95,027

89,169

92,080

-

82,490

81,811

80,854

73,726

73,282

Cash dividends declared per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.25

0.25

0.25

-

0.25

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shares used to compute basic and diluted net loss per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

113,100

110,974

109,859

108,793

106,925

97,603

96,379

-

-

-

-

-

-

-

-

-

-

Gross royalty revenue from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Royalty revenue from a related party
Total net revenue

-

-

-

-

-

-

-

-

-

-

-

58,562

40,492

42,727

33,309

32,472

24,176

22,836

13,562

10,655

6,896

7,280

999

934

-780

1,451

415

1,322

1,344

-

-

-

-

5,361

6,431

6,389

6,331

-

-

Revenue from collaborative arrangements from a related party
Total net revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

222

221

221

221

221

221

221

222

271

270

271

270

249

415

1,322

1,344

-124,346

1,430

1,430

127,099

-

-

-

-

-

-