Company: ARVN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001655759-25-000085
Chunk: 69

Company: ARVINAS, INC.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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Item 1. Financial Statements.

ARVINAS, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets (unaudited)

(dollars and shares in millions, except per share amounts)March 31,2025December 31,2024AssetsCurrent assets:Cash and cash equivalents$81.0 $100.5 Marketable securities873.3 938.9 Accounts receivable0.4 5.7 Other receivables8.0 8.0 Prepaid expenses and other current assets17.0 14.2 Total current assets979.7 1,067.3 Property, equipment and leasehold improvements, net6.7 7.0 Operating lease right-of-use assets9.9 9.0 Collaboration contract asset and other assets4.8 8.1 Total assets$1,001.1 $1,091.4 Liabilities and stockholders' equityCurrent liabilities:Accounts payable and accrued liabilities$71.1 $71.8 Deferred revenue141.0 156.2 Current portion of operating lease liabilities1.9 1.8 Total current liabilities214.0 229.8 Deferred revenue118.4 292.0 Long-term debt0.5 0.6 Operating lease liabilities8.1 7.3 Total liabilities341.0 529.7 Commitments and Contingencies (Note 13)Stockholders’ equity:Preferred stock, $0.001 par value, zero shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively— — Common stock, $0.001 par value; 73.0 and 68.8 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively0.1 0.1 Accumulated deficit(1,448.7)(1,531.6)Additional paid-in capital2,107.2 2,092.2 Accumulated other comprehensive income1.5 1.0 Total stockholders’ equity660.1 561.7 Total liabilities and stockholders’ equity$1,001.1 $1,091.4 

See accompanying notes to the condensed consolidated financial statements

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ARVINAS, INC. AND SUBS