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SUPPLEMENTARY FINANCIAL DATA (UNAUDITED) | 12 Months Ended
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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 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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