Innoviva (INVA) FY2017 results: revenue $217 million, up 62.6% on the year
Innoviva, Inc. (INVA) reported revenue of $217 million for fiscal 2017, the year ended 31 December 2017, up 62.6% on the year before. Net income was $134 million, up 125.3%, and diluted earnings per share $1.17. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$217 million
+62.6% on the year
FY2010FY2017
Operating margin
84.5%
81.6% a year earlier
FY2010FY2017
Net income
$134 million
+125.3% on the year
FY2010FY2017
Diluted EPS
$1.17
+120.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
217
134
53.9
+62.6%
Research and development
1.4
1.4
2.6
-2.7%
Operating income
184
109
31.6
+68.5%
Operating margin
84.5%
81.6%
58.5%
Interest expense
43.6
52.4
51.8
-16.8%
Pre-tax income
134
59.5
-18.8
+125.5%
Income tax
0.0
0.1
0.0
-95.8%
Effective tax rate
0.0%
0.2%
n/a
Net income
134
59.5
-18.8
+125.3%
Net margin
61.8%
44.6%
-34.8%
Diluted EPS
$1.17
$0.53
-$0.16
+120.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
142
61.0
10.1
+132.4%
Capital expenditure
0.0
0.3
0.0
Free cash flow
142
60.7
10.1
+133.5%
Free cash flow margin
65.3%
45.4%
18.8%
Cash from investing
-23.2
-4.6
159
Cash from financing
-163
-97.6
-107
Depreciation and amortisation
14.0
14.0
13.9
+0.2%
Share-based compensation
9.8
8.3
6.9
+18.5%
Buybacks
97.5
78.1
25.6
+24.8%
Dividends paid
0.3
1.0
87.3
-70.7%
Dividend per share
$0.00
$0.00
$0.75
Diluted shares, weighted
120m
123m
115m
-2.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
-243
-353
-343
Non-controlling interest
0.2
0.0
n/a
Debt
599
716
748
-16.3%
Other liabilities
10.7
15.9
3.3
-32.8%
Total liabilities and equity
367
379
409
-3.1%
Fixed assets
0.2
0.4
0.2
-43.2%
Investments
55.7
32.4
28.1
+71.9%
Cash and equivalents
73.3
118
159
-37.9%
Other assets
238
228
221
+4.3%
Total assets
367
379
409
-3.1%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.