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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Total net revenue $ 78,678 $ 55,183
Operating expenses:    
General and administrative 2,563 3,015
Total operating expenses 2,563 3,015
Income from operations 76,115 52,168
Other income, net 68 1
Interest income 1,302 975
Interest expense (4,516) (4,617)
Changes in fair values of equity investments 21,915 0
Income before income taxes 94,884 48,527
Income tax benefit (expense), net 15,932 8,508
Net income 78,952 40,019
Net income attributable to noncontrolling interest 13,515 6,229
Net income attributable to Innoviva stockholders $ 65,437 $ 33,790
Basic net income per share attributable to Innoviva stockholders $ 0.65 $ 0.33
Diluted net income per share attributable to Innoviva stockholders $ 0.59 $ 0.31
Shares used to compute Innoviva basic and diluted net income per share:    
Shares used to compute basic net income per share 101,235 101,059
Shares used to compute diluted net income per share 113,509 113,376