Company: ARVN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001655759-25-000139
Chunk: 83

Company: ARVINAS, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 83
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6)$2,092.2 $1.0 $561.7 Stock-based compensation— — — 25.4 — 25.4 Net income— — 21.7 — — 21.7 Issuance of common stock under equity incentive plans1.0 — — 0.5 — 0.5 Issuance of common stock for pre-funded warrants3.4 — — — — — Balance as of June 30, 202573.2 $0.1 $(1,509.9)$2,118.1 $1.0 $609.3 Balance as of December 31, 202368.0 $0.1 $(1,332.7)$1,995.7 $(3.1)$660.0 Stock-based compensation— — — 40.2 — 40.2 Net loss— — (104.6)— — (104.6)Issuance of common stock under equity incentive plans0.6 — — 5.3 — 5.3 Unrealized loss on available-for-sale securities— — — — (0.7)(0.7)Balance as of June 30, 202468.6 $0.1 $(1,437.3)$2,041.2 $(3.8)$600.2 

See accompanying notes to the condensed consolidated financial statements

4

ARVINAS, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows (unaudited)

For the Six Months EndedJune 30,(dollars in millions)20252024Cash flows from operating activities:Net income (loss)$21.7 $(104.6)Adjustments to reconcile net income (loss) to net cash used in operating activities:Depreciation and amortization1.5 2.4 Net accretion of bond discounts/premiums(7.3)(11.2)Amortization of right-of-use assets1.2 1.0 Amortization of collaboration contract asset3.7 1.7 Stock-based compensation25.3 40.2 Changes in operating assets and liabilities:Accounts receivable5.2 — Other receivables(2.