Company: ARVN
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001655759-25-000016
Chunk: 34

Company: ARVINAS, INC.
Filing Date: 2025-02-11
Form: 10-K
Item: Item 16
Chunk 34
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 cumulative catch-up adjustment from contract modifications totaling $0.7 million relating to performance obligations which were satisfied in prior periods.The aggregate amount of the transaction price allocated to performance obligations that were unsatisfied as of December 31, 2024 totaled $448.2 million, which is expected to be recognized in the following periods: (dollars in millions)2025$156.2 2026105.0 202757.6 202859.8 202969.6 Thereafter— Total$448.2 

4. Marketable Securities and Fair Value Measurements

The following is a summary of the Company’s available for sale marketable securities measured at fair value on a recurring basis.December 31, 2024(dollars in millions)Valuation HierarchyAmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFair ValueCorporate bondsLevel 2$934.4 $1.7 $(0.7)$935.4 Government securitiesLevel 23.5 — — 3.5 Total$937.9 $1.7 $(0.7)$938.9 December 31, 2023(dollars in millions)Valuation HierarchyAmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFair ValueCorporate bondsLevel 2$934.4 $1.5 $(4.6)$931.3 Government securitiesLevel 218.0 — — 18.0 Total$952.4 $1.5 $(4.6)$949.3 

F - 17

The Company generally does not intend to sell any investments prior to recovery of their amortized cost basis for any investment in an unrealized loss position. As such, the Company has classified these losses as temporary in nature.The carrying value of cash and cash equivalents, accounts receivable and accounts payable and accrued liabilities approximate their fair values due to the short-term nature of these assets and liabilities.

5. Property, Equipment and Leasehold Improvements 

Property, equipment and leasehold improvements consist of the following: December 31,(dollars in millions)20242023Laboratory equipment$20.6 $18.5 Leasehold improvements9.3 11.5 Office equipment2.7 2.6 Total property, equipment and leasehold improvements32.6 32.6 Less: accumulated depreciation and amortization