Company: ARVN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001655759-25-000085
Chunk: 80

Company: ARVINAS, INC.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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.During the three months ended March 31, 2024, no changes in accounting estimates related to the Company's collaborations were recorded.The aggregate amount of the transaction price allocated to performance obligations that were unsatisfied as of March 31, 2025 totaled $259.4 million, which is expected to be recognized in the following periods:(dollars in millions)Remainder of 2025$101.7 202666.6 202720.3 202870.8 Total$259.4 

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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. March 31, 2025(dollars in millions)ValuationHierarchyAmortizedCostGrossUnrealizedGainsGross UnrealizedLossesFair ValueCorporate bondsLevel 2$868.3 $1.7 $(0.2)$869.8 Government securitiesLevel 23.5 — — 3.5 Total$871.8 $1.7 $(0.2)$873.3  December 31, 2024(dollars in millions)ValuationHierarchyAmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFair 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 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 values 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:(dollars in millions)March 31,2025December 31,2024Laboratory equipment$20.8 $20.6 Leasehold improvements9.0 9.3 Office equipment2.8 2.7 Total property, equipment and leasehold improvements32.6 32.6 Less: accumulated depreciation and amortization(25.