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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Royalty revenue from a related party, net of amortization of capitalized fees paid to a related party of $3,456 in the three months ended September 30, 2019 and 2018, and $10,368 in the nine months ended September 30, 2019 and 2018 $ 65,755 $ 61,680 $ 185,045 $ 181,146
Operating expenses:        
General and administrative 4,962 4,019 12,324 17,415
General and administrative - related party 0 0 0 2,700
Total operating expenses 4,962 4,019 12,324 20,115
Income from operations 60,793 57,661 172,721 161,031
Other expense, net (115) (2,626) (122) (5,686)
Interest income 1,624 370 4,002 1,141
Interest expense (4,693) (5,238) (13,971) (19,373)
Income before income taxes 57,609 50,167 162,630 137,113
Income tax expense, net 10,558 0 29,499 0
Net income 47,051 50,167 133,131 137,113
Net income attributable to noncontrolling interest 7,242 3,078 21,792 5,817
Net income attributable to Innoviva stockholders $ 39,809 $ 47,089 $ 111,339 $ 131,296
Basic net income per share attributable to Innoviva stockholders $ 0.39 $ 0.47 $ 1.10 $ 1.30
Diluted net income per share attributable to Innoviva stockholders $ 0.36 $ 0.43 $ 1.01 $ 1.19
Shares used to compute Innoviva basic and diluted net income per share:        
Shares used to compute basic net income per share 101,191 100,936 101,134 100,806
Shares used to compute diluted net income per share 113,415 113,363 113,394 113,444