Company: ARVN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001655759-25-000085
Chunk: 129

Company: ARVINAS, INC.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 129
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31,(dollars in millions)20252024Operating lease cost$0.7 $0.5 Supplemental cash flow information related to leases was as follows:Three Months EndedMarch 31,(dollars in millions)20252024Cash paid for amounts included in the measurement of lease liabilities:  Operating cash flows from operating leases$0.5 $0.5 Supplemental non-cash information:Right-of-use assets obtained in exchange for new lease obligations$1.5 $— In December 2024, the Company, entered into a Seventh Amendment and an Eighth Amendment, and in February 2025, the Company entered into a Ninth Amendment to its lease (collectively the “Building 5 Lease Amendments") with Science Park Development Corporation for certain premises in New Haven, Connecticut (the “Building 5 Premises”). The Building 5 Lease Amendments extended the term of the original lease to December 31, 2029, and expanded the Building 5 Premises to include approximately 10,900 square feet of additional laboratory and office space in the first quarter of 2025, resulting in an increase in the Company's ROU assets of $1.5 million.Maturities of operating lease liabilities as of March 31, 2025, were as follows:(dollars in millions)Remainder of 2025$2.0 20262.3 20272.4 20282.5 20292.6 Total lease payments11.8 Less: imputed interest(1.8)Total$10.0 

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7. Accounts Payable and Accrued Liabilities 

Accounts payable and accrued liabilities consisted of the following:(dollars in millions)March 31,2025December 31,2024Accounts payable$26.4 $13.4 Accrued liabilitiesResearch and development expenses28.0 25.9 Employee expenses7.6 22.4 Income taxes3.5 3.2 Professional fees3.1 1.8 General and administrative and commercial expenses2.5 5.1 Total accounts payable and accrued liabilities$71.1 $71.8 

8. Long-Term Debt

Debt obligations consisted of the following:(dollars in millions)Maturity DateInterest RateMarch 31,2025December 31,20242018 Assistance Agreement Debt09/283.25%$0.7