SUPPLEMENTARY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2018

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, 2018. 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
2018
Net revenue	$	52,380	$	67,086	$	61,680	$	79,858
Total operating expenses		11,685		4,411		4,019		2,638
Income from operations		40,695		62,675		57,661		77,220
Income tax benefit, net		—		—		—		196,073
Net income		30,330		56,616		50,167		269,215
Net income attributable to noncontrolling interest		749		1,990		3,078		5,455
Net income attributable to Innoviva stockholders	$	29,581	$	54,626	$	47,089	$	263,760
Basic net income per share	$	0.29	$	0.54	$	0.47	$	2.61
Diluted net income per share	$	0.27	$	0.49	$	0.43	$	2.34
	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
Income tax expense, net		—		—		—		(4)
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