Buyback Radar

Innoviva

INVA

Innoviva has retired 38.1% of its shares since 2014, from 116,624,973 to 72,245,485.

38.1%retired since 2014
-4.0%last 5 years
-14.6%last 12 months
72Mshares today
Shares outstanding, 2005 to todaysplit adjusted, from SEC filings
a quarter gone 2005half gone 2005117M shares, 201472M20052010201520202025
2005, 43,710,1412026-07-31, 72,245,485

Early years use the fiscal-year average share count from the 10-K.

A share bought in 2011
1.2× more of Innoviva today, without buying another share. It was one of 86,149,162 shares then. It is one of 72,245,485 now.
Every filing we read21 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20052005-02-2843,710,14110-Kcover page
20062006-02-1549,858,33210-K/Acover page
20072007-02-1550,794,12010-Kcover page
20082008-02-1551,696,60710-Kcover page
20092009-12-3163,027,00010-Kfiscal-year average
20102010-12-3172,070,00010-Kfiscal-year average
20112012-02-1786,149,16210-K
20122013-02-1498,451,00810-K
20132014-02-14111,976,12710-K
20142015-02-12116,624,97310-K
20152016-02-16114,117,51710-K
20162017-02-24109,201,16810-K
20172018-02-16101,824,35510-K
20182019-02-11101,123,02410-K
20192020-02-11101,300,96710-K/A
20202021-02-12101,392,39710-K
20212022-02-1469,565,50110-K/A
20222023-02-1468,126,08910-K/A
20232024-02-1463,227,33310-K/A
20242025-02-1462,675,54510-K/A
20252026-02-1374,073,64610-K/A

Source: all 10-K filings of Innoviva on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, since fiscal 2015cash flow statement against share count
$699Mspent on buybacks
44Mfewer shares outstanding
$16spent per share that actually disappeared
$63Mpaid in stock compensation over the same years

Part of every buyback only replaces shares handed to employees. That part costs money and retires nothing, so the cost per share that disappeared is higher than the average price the company paid.

The stock, long termprice chart by TradingView

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Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Innoviva in depth on Cannibal Stocks.

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