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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Total net revenue $ 391,866 $ 336,794 $ 261,016
Operating expenses:      
Research and development 576 1,788 0
General and administrative 16,187 13,883 14,656
Total operating expenses 16,763 15,671 14,656
Income from operations 375,103 321,123 246,360
Interest and dividend income 1,839 1,524 5,540
Other expense, net (3,626) (348) (345)
Interest expense (19,070) (18,331) (18,660)
Realized gain on equity investments 91,030 50,277 0
Income before income taxes 445,276 354,245 232,895
Income tax expense, net 76,439 60,431 41,902
Net income 368,837 293,814 190,993
Net income attributable to noncontrolling interest 102,983 69,412 33,705
Net income attributable to Innoviva stockholders $ 265,854 $ 224,402 $ 157,288
Basic net income per share attributable to Innoviva stockholders $ 3.24 $ 2.21 $ 1.55
Diluted net income per share attributable to Innoviva stockholders $ 2.87 $ 2.02 $ 1.43
Shares used to compute Innoviva basic and diluted net income per share:      
Shares used to compute basic net income per share 82,062 101,320 101,150
Shares used to compute diluted net income per share 94,310 113,554 113,409
Royalty revenue from a related party      
Revenue:      
Total net revenue $ 391,866 $ 326,794 $ 261,016
Revenue from collaborative arrangements      
Revenue:      
Total net revenue $ 0 $ 10,000 $ 0