Innoviva, inc. (INVA)
Income statement / TTM
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

284,511

261,016

264,903

260,828

263,807

261,004

229,789

0

0

-

191,309

-

-

133,569

111,909

92,162

70,345

53,064

37,458

24,846

15,075

7,351

1,544

815

152

1,202

0

0

0

-

-

-

-

-

-

-

-

0

0

Product sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Cost of goods sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Research and development

-

-

-

-

-

-

-

-

-

1,355

1,358

1,333

1,355

1,393

1,770

2,031

2,299

2,619

2,674

4,036

5,523

7,498

-15,173

-14,978

-14,691

9,038

-50,692

-25,770

1,367

8,153

122,246

123,057

116,306

103,568

89,636

80,504

0

0

0

General and administrative

14,204

14,656

14,962

14,019

14,083

20,053

20,184

24,475

30,448

32,258

35,095

31,890

27,731

23,188

22,403

21,879

20,563

19,750

21,302

25,353

29,047

34,864

32,639

30,025

27,230

24,289

19,546

21,282

23,064

22,606

31,669

31,711

31,369

30,681

28,823

28,018

0

0

0

General and administrative - related party

-

-

0

0

-

2,700

2,700

2,700

2,700

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

14,204

14,656

14,962

14,019

14,083

22,753

23,226

27,828

34,149

33,613

36,453

33,223

29,086

24,581

24,173

23,910

22,862

22,369

23,976

29,389

34,570

42,362

17,466

15,047

12,539

33,327

-31,146

-4,488

24,431

30,759

153,915

154,768

147,675

134,249

118,459

108,522

0

0

0

Income from operations

270,307

246,360

249,941

246,809

249,724

238,251

227,440

209,801

194,956

183,604

154,856

142,752

120,799

108,988

88,620

69,136

48,367

31,580

14,417

-3,559

-18,461

-33,929

-14,862

-13,027

-10,131

-28,795

-90,119

-115,762

-144,573

-25,146

-18,595

-14,447

-2,395

-109,737

-94,006

-84,236

0

0

0

Other expense, net

-278

-345

-138

-2,649

-2,602

-5,702

-18,354

-9,359

-10,184

-7,038

6,364

51

2,556

2,477

1,746

1,645

-90

1,120

-2,490

-2,190

-2,091

-3,272

334

42

8,151

6,732

0

0

0

-

-

-

-

-

-

-

-

-

-

Interest income

5,867

5,540

4,521

3,267

2,244

1,660

1,534

1,540

1,466

1,311

1,089

875

726

582

463

391

319

343

408

411

491

563

657

756

781

778

723

689

589

460

375

298

326

415

480

533

0

0

0

Interest expense

18,559

18,660

18,552

19,097

20,914

23,954

27,727

32,751

38,477

43,601

48,247

51,088

52,040

52,416

52,463

52,423

52,254

51,803

51,322

50,614

47,954

36,892

26,011

15,558

8,256

9,348

9,163

8,761

7,237

6,003

6,004

6,009

6,014

6,022

6,034

6,037

0

0

0

Changes in fair values of equity investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

279,252

232,895

235,772

228,330

228,452

210,255

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-73,530

-67,058

-47,050

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit (expense), net

49,300

41,900

-166,573

-177,173

-187,573

-196,073

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

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

229,926

190,993

402,346

405,462

416,017

406,328

195,627

169,227

147,757

134,272

0

0

0

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

Net income attributable to noncontrolling interest

40,991

33,705

27,247

23,083

16,752

11,272

5,946

2,868

878

129

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from continuing operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations (Notes 1 and 12)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-94,934

-132,465

-167,353

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to Innoviva stockholders

188,935

157,288

375,099

382,379

399,265

395,056

189,681

166,359

146,879

134,143

101,229

92,495

71,946

59,536

29,481

6,638

0

-

0

0

-

-168,464

-202,465

-228,179

-201,044

-170,701

-152,098

-139,805

-140,496

-18,542

-17,844

-8,197

0

-

0

0

-

0

-

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

-

-

-

-

-

-

-

-

-

-

-

175,090

149,000

132,684

112,793

93,046

71,229

53,949

38,393

25,830

16,109

8,433

2,604

2,020

2,408

4,532

0

0

0

-

-

-

-

24,512

24,453

24,286

0

-

-

Revenue from collaborative arrangements from a related party
Total net revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

885

884

884

884

885

935

984

1,034

1,082

1,060

1,205

2,256

3,330

-121,265

-120,250

-120,142

5,613

0

0

0

-

-

-

-

-

-