Innoviva (INVA) FY2016 results: revenue $134 million, up 147.6% on the year
Innoviva, Inc. (INVA) reported revenue of $134 million for fiscal 2016, the year ended 31 December 2016, up 147.6% on the year before. Net income was $60 million, and diluted earnings per share $0.53. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$134 million
+147.6% on the year
FY2009FY2016
Operating margin
81.6%
58.5% a year earlier
FY2009FY2016
Net income
$60 million
FY2009FY2016
Diluted EPS
$0.53
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
134
53.9
8.4
+147.6%
Research and development
1.4
2.6
7.5
-46.8%
Operating income
109
31.6
-33.9
+245.1%
Operating margin
81.6%
58.5%
-402.3%
Interest expense
52.4
51.8
36.9
+1.2%
Pre-tax income
59.5
-18.8
-73.5
Income tax
0.1
0.0
0.0
Effective tax rate
0.2%
n/a
n/a
Net income
59.5
-18.8
-168
Net margin
44.6%
-34.8%
-1997.7%
Diluted EPS
$0.53
-$0.16
-$1.50
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
61.0
10.1
-131
+502.0%
Capital expenditure
0.3
0.0
0.7
+3,871.4%
Free cash flow
60.7
10.1
-131
+499.6%
Free cash flow margin
45.4%
18.8%
-1558.3%
Cash from investing
-4.6
159
-65.1
Cash from financing
-97.6
-107
149
Depreciation and amortisation
14.0
13.9
12.2
+0.2%
Share-based compensation
8.3
6.9
27.4
+20.7%
Buybacks
78.1
25.6
0.0
+204.6%
Dividends paid
1.0
87.3
57.0
-98.9%
Dividend per share
$0.00
$0.75
$0.50
Diluted shares, weighted
123m
115m
112m
+6.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
-353
-343
-223
Non-controlling interest
0.0
n/a
n/a
Debt
716
748
726
-4.3%
Other liabilities
15.9
3.3
19.4
+380.8%
Total liabilities and equity
379
409
522
-7.3%
Fixed assets
0.4
0.2
0.3
+66.5%
Investments
32.4
28.1
187
+15.4%
Cash and equivalents
118
159
96.8
-25.9%
Receivables
n/a
n/a
0.0
Inventory
n/a
n/a
0.0
Other assets
228
221
238
+3.1%
Total assets
379
409
522
-7.3%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.