Innoviva (INVA) FY2018 results: revenue $261 million, up 20.2% on the year
Innoviva, Inc. (INVA) reported revenue of $261 million for fiscal 2018, the year ended 31 December 2018, up 20.2% on the year before. Net income was $395 million, up 194.5%, and diluted earnings per share $3.53. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2019.
Revenue
$261 million
+20.2% on the year
FY2011FY2018
Operating margin
91.3%
84.5% a year earlier
FY2011FY2018
Net income
$395 million
+194.5% on the year
FY2011FY2018
Diluted EPS
$3.53
+201.7% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
261
217
134
+20.2%
Research and development
0.0
1.4
1.4
Operating income
238
184
109
+29.8%
Operating margin
91.3%
84.5%
81.6%
Interest expense
24.0
43.6
52.4
-45.1%
Pre-tax income
210
134
59.5
+56.6%
Income tax
-196
0.0
0.1
Effective tax rate
-93.3%
0.0%
0.2%
Net income
395
134
59.5
+194.5%
Net margin
151.4%
61.8%
44.6%
Diluted EPS
$3.53
$1.17
$0.53
+201.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
224
142
61.0
+57.7%
Capital expenditure
0.0
0.0
0.3
Free cash flow
224
142
60.7
+57.7%
Free cash flow margin
85.6%
65.3%
45.4%
Cash from investing
3.5
-23.2
-4.6
Cash from financing
-238
-163
-97.6
Depreciation and amortisation
13.9
14.0
14.0
-0.8%
Share-based compensation
3.2
9.8
8.3
-67.1%
Buybacks
0.0
97.5
78.1
Dividends paid
0.1
0.3
1.0
-71.5%
Dividend per share
n/a
$0.00
$0.00
Diluted shares, weighted
113m
120m
123m
-5.4%
Shares outstanding at period end
101m
n/a
n/a
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
154
-243
-353
Non-controlling interest
5.5
0.2
0.0
+3,498.0%
Debt
383
599
716
-36.1%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
6.3
10.7
15.9
-41.2%
Total liabilities and equity
548
367
379
+49.2%
Fixed assets
0.2
0.2
0.4
-23.4%
Investments
52.5
55.7
32.4
-5.8%
Cash and equivalents
62.4
73.3
118
-14.9%
Other assets
433
238
228
+81.9%
Total assets
548
367
379
+49.2%
10-K for the year ended 31 December 2018, filed 19 February 2019: the filing.