Company: ARVN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049527
Chunk: 98

Company: ARVINAS, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 98
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.2 Balance as of September 30, 202468.7 $0.1 $(1,486.5)$2,068.3 $4.1 — $— $586.0 

See accompanying notes to the condensed consolidated financial statements

5

Table o    f Contents

ARVINAS, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows (unaudited)

For the Nine Months EndedSeptember 30,(dollars in millions)20252024Cash flows from operating activities:Net loss$(13.4)$(153.8)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization2.3 3.5 Net accretion of bond discounts/premiums(10.4)(17.1)Amortization of right-of-use assets1.7 1.5 Amortization of collaboration contract asset4.1 3.6 Net loss on disposal of property, plant and equipment— 2.6 Stock-based compensation35.5 64.9 Changes in operating assets and liabilities:Accounts receivable(14.6)(7.3)Other receivables1.5 (0.3)Prepaid expenses and other assets2.3 (6.4)Collaboration contract asset— (3.0)Accounts payable and accrued liabilities(17.7)(16.3)Operating lease liability(1.6)(1.6)Deferred revenue(233.1)(45.5)Net cash used in operating activities(243.4)(175.2)Cash flows from investing activities:Purchases of marketable securities(347.6)(600.8)Maturities of marketable securities611.1 538.0 Purchases of property, equipment and leasehold improvements(1.7)(1.5)Proceeds from disposal of property, equipment and leaseholds improvements— 0.1 Net cash provided by (used in) investing activities261.8 (64.2)Cash flows from financing activities:Repayments of long-term debt(0.1)(0.3)Repurchase of common shares(17.8)— Proceeds from exercise of stock options and issuance of ESPP shares0.5 7.7 Net cash (used in) provided by financing activities(17.4)7.4 Net increase