Innoviva (INVA) FY2019 results: revenue $261 million, unchanged on the year
Innoviva, Inc. (INVA) reported revenue of $261 million for fiscal 2019, the year ended 31 December 2019, unchanged on the year before. Net income was $157 million, down 60.2%, and diluted earnings per share $1.43. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2020.
Revenue
$261 million
+0.0% on the year
FY2012FY2019
Operating margin
94.4%
91.3% a year earlier
FY2012FY2019
Net income
$157 million
-60.2% on the year
FY2012FY2019
Diluted EPS
$1.43
-59.5% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
261
261
217
+0.0%
Research and development
0.0
0.0
1.4
Operating income
246
238
184
+3.4%
Operating margin
94.4%
91.3%
84.5%
Interest expense
18.7
24.0
43.6
-22.1%
Pre-tax income
233
210
134
+10.8%
Income tax
41.9
-196
0.0
Effective tax rate
18.0%
-93.3%
0.0%
Net income
157
395
134
-60.2%
Net margin
60.3%
151.4%
61.8%
Diluted EPS
$1.43
$3.53
$1.17
-59.5%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
257
224
142
+15.2%
Capital expenditure
0.0
0.0
0.0
Free cash flow
257
224
142
+15.2%
Free cash flow margin
98.6%
85.6%
65.3%
Cash from investing
-18.0
3.5
-23.2
Cash from financing
-23.8
-238
-163
Depreciation and amortisation
13.9
13.9
14.0
+0.0%
Share-based compensation
2.1
3.2
9.8
-36.4%
Buybacks
0.0
0.0
97.5
Dividends paid
0.0
0.1
0.3
-86.2%
Dividend per share
n/a
n/a
$0.00
Diluted shares, weighted
113m
113m
120m
+0.0%
Shares outstanding at period end
101m
101m
n/a
+0.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
313
154
-243
+104.1%
Non-controlling interest
28.6
5.5
0.2
+423.3%
Debt
377
383
599
-1.5%
Operating lease liabilities
n/a
0.0
n/a
Other liabilities
5.6
6.3
10.7
-11.1%
Total liabilities and equity
725
548
367
+32.2%
Fixed assets
0.0
0.2
0.2
-79.4%
Investments
72.7
52.5
55.7
+38.6%
Cash and equivalents
278
62.4
73.3
+345.5%
Other assets
374
433
238
-13.7%
Total assets
725
548
367
+32.2%
10-K for the year ended 31 December 2019, filed 19 February 2020: the filing.