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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue:      
Total net revenue $ 336,794 $ 261,016 $ 261,004
Operating expenses:      
Research and development 1,788 0 0
General and administrative 13,883 14,656 20,053
General and administrative - related party 0 0 2,700
Total operating expenses 15,671 14,656 22,753
Income from operations 321,123 246,360 238,251
Other expense, net (348) (345) (5,702)
Interest income 1,524 5,540 1,660
Interest expense (18,331) (18,660) (23,954)
Changes in fair values of equity investments 50,277 0 0
Income before income taxes 354,245 232,895 210,255
Income tax benefit (expense), net (60,431) (41,902) 196,073
Net income 293,814 190,993 406,328
Net income attributable to noncontrolling interest 69,412 33,705 11,272
Net income attributable to Innoviva stockholders $ 224,402 $ 157,288 $ 395,056
Basic net income per share attributable to Innoviva stockholders $ 2.21 $ 1.55 $ 3.92
Diluted net income per share attributable to Innoviva stockholders $ 2.02 $ 1.43 $ 3.53
Shares used to compute Innoviva basic and diluted net income per share:      
Shares used to compute basic net income per share 101,320 101,150 100,849
Shares used to compute diluted net income per share 113,554 113,409 113,408
Royalty revenue from a related party      
Revenue:      
Total net revenue $ 326,794 $ 261,016 $ 261,004
Revenue from collaborative arrangements with a related party      
Revenue:      
Total net revenue $ 10,000 $ 0 $ 0