Innoviva (INVA) FY2014 results: revenue $8 million, up 86.1% on the year
Innoviva, Inc. (INVA) reported revenue of $8 million for fiscal 2014, the year ended 31 December 2014, up 86.1% on the year before. Net income was -$168 million, and diluted earnings per share $-1.50. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$8 million
+86.1% on the year
FY2009FY2014
Operating margin
-402.3%
-635.4% a year earlier
FY2009FY2014
Net income
-$168 million
FY2009FY2014
Diluted EPS
-$1.50
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
8.4
4.5
5.6
+86.1%
Research and development
7.5
9.0
8.2
-17.0%
Selling, general and administrative
n/a
48.4
30.9
Operating income
-33.9
-28.8
-25.1
Operating margin
-402.3%
-635.4%
-448.0%
Interest expense
36.9
9.3
6.0
+294.7%
Pre-tax income
-73.5
-30.6
n/a
Income tax
0.0
0.0
0.0
Net income
-168
-171
-18.5
Net margin
-1997.7%
-3766.6%
-330.3%
Diluted EPS
-$1.50
-$1.67
-$0.20
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
-131
-130
-128
Capital expenditure
0.7
2.7
2.6
-74.8%
Free cash flow
-131
-132
-130
Free cash flow margin
-1558.3%
-2920.0%
-2317.9%
Cash from investing
-65.1
-220
-58.3
Cash from financing
149
398
236
-62.5%
Depreciation and amortisation
12.2
3.5
3.3
+252.1%
Share-based compensation
27.4
25.7
23.8
+6.6%
Buybacks
0.0
0.0
n/a
Dividends paid
57.0
0.0
0.0
Dividend per share
$0.50
$0.00
$0.00
Diluted shares, weighted
112m
n/a
91m
Shares outstanding at period end
n/a
112m
98m
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
-223
299
155
Debt
726
288
172
+152.4%
Other liabilities
19.4
94.6
41.1
-79.5%
Total liabilities and equity
522
681
369
-23.4%
Fixed assets
0.3
10.2
9.2
-96.8%
Intangible assets
n/a
124
0.0
Investments
187
377
249
-50.5%
Cash and equivalents
96.8
144
94.8
-32.5%
Receivables
0.0
0.2
0.0
Inventory
0.0
10.4
7.5
Other assets
238
15.7
8.2
+1,420.0%
Total assets
522
681
369
-23.4%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.