Company: ARVN
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001655759-25-000016
Chunk: 18

Company: ARVINAS, INC.
Filing Date: 2025-02-11
Form: 10-K
Item: Item 16
Chunk 18
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.9)— — (198.9)Issuance of common stock under equity incentive plans0.8 — — 8.3 — 8.3 Unrealized gain on available-for-sale securities— — — — 4.1 4.1 Balance as of December 31, 202468.8 $0.1 $(1,531.6)$2,092.2 $1.0 $561.7 

See accompanying notes to the consolidated financial statements

F - 6

ARVINAS, INC. AND SUBSIDIARIES

Consolidated Statements of Cash Flows 

Years Ended December 31,(dollars in millions)202420232022Cash flows from operating activities:   Net loss$(198.9)$(367.3)$(282.5)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization4.6 4.8 6.3 Net accretion of bond discounts/premiums(21.8)(16.6)5.7 Loss on sale of marketable securities— 0.9 0.4 Amortization of right-of-use assets2.0 1.9 1.9 Amortization of collaboration contract asset4.6 1.3 1.8 Net loss on disposal of property, equipment and leasehold improvements2.6 — — Stock-based compensation88.2 71.6 75.5 Changes in operating assets and liabilities:Accounts receivable(5.7)1.0 14.0 Other receivables(0.8)(0.2)3.7 Prepaid expenses and other assets(7.0)14.1 (1.8)Collaboration contract asset(3.0)— — Accounts payable and accrued liabilities(21.2)17.3 20.2 Operating lease liabilities(1.9)(2.0)(1.9)Deferred revenue(101.0)(74.6)(116.8)Net cash used in operating activities(259.3)(347.8)(273.5)Cash flows from investing activities:Purchase of marketable securities(652.1)(956.3)(886.4)Maturities of marketable securities644.0 1,103.9 1,