Company: ARWR
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001628280-25-024666
Chunk: 82

Company: ARROWHEAD PHARMACEUTICALS, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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996 $2,996 Buildings248,893 75,988 Research equipment60,259 65,353 Manufacturing equipment13,812 — Furniture5,594 5,594 Computers and software1,033 981 Leasehold improvements104,401 104,410 Construction in progress16,245 188,731 453,233 444,053 Less: Accumulated depreciation and amortization(68,430)(58,021)Property, plant and equipment, net$384,803 $386,032 Depreciation and amortization expense for property, plant and equipment for the three months ended March 31, 2025 and 2024 was $5.6 million and $4.1 million, respectively. Depreciation and amortization expense for property, plant and equipment for the six months ended March 31, 2025 and 2024 was $10.4 million and $7.9 million, respectively.During the first quarter of fiscal 2025, the Company completed the build out of its manufacturing facility in Verona, Wisconsin. This resulted in the reclassification of $172.9 million from construction in progress to buildings and $13.8 million to manufacturing equipment as of March 31, 2025. Additionally, the Company began depreciating the newly completed manufacturing facility over a 39-year period and the manufacturing equipment over 7- or 10-year periods.  During the first quarter of fiscal 2024, the Company completed the build out of its laboratory and office facilities in Verona, Wisconsin, which resulted in the reclassification of $76.0 million from construction in progress to buildings as of March 31, 2025. 

11

Accrued ExpensesAccrued expenses consisted of the following as of:March 31, 2025September 30, 2024(in thousands) Accrued R&D expenses$42,963 $28,069 Accrued R&D expenses; co-development28,755 23,351 Accrued capital expenditures358 4,206 Other6,374 7,391 Total accrued expenses$78,450 $63,017 

NOTE 4. INVESTMENTS

The Company’s investments consisted of the following:As of March 31, 2025(in thousands)Adjusted BasisGrossUnrealized GainsGrossUnreal