SUPPLEMENTARY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2017

SUPPLEMENTARY FINANCIAL DATA (UNAUDITED)

SUPPLEMENTARY FINANCIAL DATA (UNAUDITED)

SUPPLEMENTARY FINANCIAL DATA (UNAUDITED)
(In thousands, except per share data)

        The following table presents certain unaudited consolidated quarterly financial information for the eight quarters in the period ended December 31, 2017. This information has been prepared on the same basis as the audited consolidated financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the unaudited quarterly results of operations set forth herein.

	For the Quarters Ended
	March 31			June 30			September 30			December 31
2017
Net revenue	$	40,492		$	58,562		$	48,643		$	69,520
Total operating expenses		(11,149	)		(10,732	)		(8,621	)		(3,111	)
Income from operations		29,343			47,830			40,022			66,409
Net income		16,845			35,146			23,767			58,514
Net income attributable to noncontrolling interest		—			—			—			129
Net income attributable to Innoviva stockholders	$	16,845		$	35,146		$	23,767		$	58,385
Basic net income per share	$	0.16		$	0.33		$	0.22		$	0.55
Diluted net income per share	$	0.15		$	0.30		$	0.21		$	0.50

	For the Quarters Ended
	March 31			June 30			September 30			December 31
2016
Net revenue	$	24,176		$	32,472		$	33,309		$	43,612
Total operating expenses		(6,644	)		(6,595	)		(5,391	)		(5,951	)
Income from operations		17,532			25,877			27,918			37,661
Net income	$	4,435		$	14,597		$	15,033		$	25,471
Basic net income per share	$	0.04		$	0.13		$	0.14		$	0.24
Diluted net income per share	$	0.04		$	0.13		$	0.13		$	0.22