Company: ARVN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001655759-25-000085
Chunk: 71

Company: ARVINAS, INC.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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— — — — — Issuance of common stock for pre-funded warrants3.4 — — — — — Unrealized gain on available-for-sale securities— — — — 0.5 0.5 Balance as of March 31, 202573.0 $0.1 $(1,448.7)$2,107.2 $1.5 $660.1 Balance as of December 31, 202368.0 $0.1 $(1,332.7)$1,995.7 $(3.1)$660.0 Stock-based compensation— — — 18.6 — 18.6 Net loss— — (69.4)— — (69.4)Issuance of common stock under equity incentive plans0.3 — — 1.8 — 1.8 Unrealized loss on available-for-sale securities— — — — (1.3)(1.3)Balance as of March 31, 202468.3 $0.1 $(1,402.1)$2,016.1 $(4.4)$609.7 

See accompanying notes to the condensed consolidated financial statements

4

ARVINAS, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows (unaudited)

For the Three Months EndedMarch 31,(dollars in millions)20252024Cash flows from operating activities:Net income (loss)$82.9 $(69.4)Adjustments to reconcile net income (loss) to net cash used in operating activities:Depreciation and amortization0.7 1.2 Net accretion of bond discounts/premiums(3.8)(5.5)Amortization of right-of-use assets0.6 0.5 Amortization of collaboration contract asset3.3 0.4 Stock-based compensation15.0 18.6 Changes in operating assets and liabilities:Accounts receivable5.3 — Other receivables— 0.1 Prepaid expenses and other assets(2.7)(1.9)Accounts payable and accrued liabilities(0.8)(15.7)Operating lease liability(0.5)(0.5)Deferred revenue(188