Innoviva (INVA) Cash Flow: Operating & Free Cash Flow

Innoviva Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for Innoviva, Inc. (INVA) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	271.17	23.39	179.72	220.26	368.84	224.40	190.99	406.33	134.27
Depreciation & Amortization	26.28	25.90	35.71	5.58	13.83	0.02	13.87	13.87	13.98
Deferred Income Tax	43.85	-12.62	4.40	25.01	76.43	60.42	41.88	-196.05	7.15
Stock Based Compensation	9.45	6.37	5.84	7.35	2.02	1.70	2.06	3.23	9.83
Change in Working Capital	-24.16	-6.93	-24.79	6.87	-16.87	-14.32	3.10	-16.76	-28.28
Change in Accounts Receivable	-6.95	-2.29	-20.00	9.79	-16.78	-14.50	3.86	-12.75	-23.69
Change in Inventory	-12.92	-6.81	-12.00	0.28	0.00	0.00	-0.66	-3.43	0.00
Change in Accounts Payable	6.89	36.89	3.78	10.12	-0.04	0.06	0.00	-0.59	0.47
Change in Other Working Capital	22.58	29.16	4.96	29.41	-0.05	0.13	-0.10	0.00	-5.06
Other Operating Activities	22.58	29.16	-55.41	29.41	-80.43	129.72	5.57	12.91	4.79
Net Cash from Operating Activities	196.93	188.69	141.06	201.73	363.81	313.11	257.46	223.53	141.75
Investing Activities
Capital Expenditures	-10.50	-4.27	-0.41	-0.07	-1.30	-0.01	-0.01	0.00	0.00
Acquisitions	28.16	-32.27	-31.16	-265.01	-235.81	-102.86	17.99	0.00	0.00
Purchases of Investments	-78.40	-103.10	-97.51	-87.10	22.28	-314.92	-231.92	-71.86	-67.62
Sales/Maturities of Investments	101.22	75.76	72.50	56.63	279.53	86.00	213.92	75.38	44.39
Other Investing Activities	-9.36	-43.49	-41.34	-56.63	-20.98	0.00	-17.99	0.00	0.00
Net Cash from Investing Activities	40.50	-63.79	-66.76	-56.63	43.72	-314.94	-18.00	3.52	-23.24
Financing Activities
Debt Repayment	-0.03	0.00	-96.20	-165.13	0.00	0.00	-13.75	-230.00	-63.74
Common Stock Issued	2.55	1.47	0.17	0.37	1.17	0.44	0.63	1.14	0.44
Common Stock Repurchased	-4.68	-14.92	-75.81	-8.59	-394.21	-0.09	-0.09	-3.07	-99.63
Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	-0.08	-0.28
Other Financing Activities	-0.03	0.00	0.00	-134.76	-59.46	-30.13	-10.55	-5.96	0.02
Net Cash from Financing Activities	8.55	-13.45	-171.84	-55.57	-452.50	-29.79	-23.78	-237.97	-163.19
Summary
Net Change in Cash	245.98	111.45	-97.54	89.52	-44.96	-31.61	215.68	-10.92	-44.68
Cash at Beginning of Period	304.96	193.51	291.05	201.53	246.49	278.10	62.42	73.34	118.02
Cash at End of Period	550.94	304.96	193.51	291.05	201.53	246.49	278.10	62.42	73.34
Free Cash Flow	186.43	184.42	140.65	201.66	362.51	313.10	257.45	223.53	141.75
Supplemental Disclosures
Interest Paid	-	10.36	11.38	11.74	9.93	9.93	-	-	-
Income Taxes Paid	-	11.79	-	53.86	-	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Innoviva Cash Flow

What is Innoviva's free cash flow?

Innoviva generated free cash flow of $186.43M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $196.93M minus $10.50M of capital expenditures. That was up 1.1% from $184.42M a year earlier. Free cash flow equaled 45.3% of revenue.

How much does Innoviva spend on capital expenditures?

Innoviva spent $10.50M on capital expenditures in fiscal 2025, compared with $4.27M a year earlier. That equals 5.3% of operating cash flow.

Does Innoviva pay dividends or buy back shares?

Yes. In fiscal 2025 Innoviva returned $4.67M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition