ARVINAS, INC.
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 3, 2026
ARVN$6.92+2.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (unaudited)
| For the Nine Months EndedSeptember 30, | ||
|---|---|---|
| (dollars in millions) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income (loss) | $57.9 | $(13.4) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 2.0 | 2.3 |
| Net accretion of bond discounts/premiums | (4.9) | (10.4) |
| Amortization of right-of-use assets | 1.4 | 1.7 |
| Amortization of collaboration contract asset | 3.5 | 4.1 |
| Stock-based compensation | 23.9 | 35.5 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (0.8) | (14.6) |
| Other receivables | 1.9 | 1.5 |
| Prepaid expenses and other assets | (0.1) | 2.3 |
| Contract assets | (22.6) | — |
| Accounts payable and accrued liabilities | (29.5) | (17.7) |
| Operating lease liability | (1.3) | (1.6) |
| Deferred revenue | (205.6) | (233.1) |
| Collaboration liability | 46.3 | — |
| Net cash used in operating activities | (127.9) | (243.4) |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | (352.5) | (347.6) |
| Maturities of marketable securities | 397.7 | 611.1 |
| Sales of marketable securities | 28.9 | — |
| Purchases of property, equipment and leasehold improvements | (1.3) | (1.7) |
| Net cash provided by investing activities | 72.8 | 261.8 |
| Cash flows from financing activities: | ||
| Repayments of long-term debt | (0.2) | (0.1) |
| Repurchase of common shares | — | (17.8) |
| Proceeds from exercise of stock options and issuance of ESPP shares | 0.9 | 0.5 |
| Net cash provided by (used in) financing activities | 0.7 | (17.4) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (54.4) | 1.0 |
| Cash, cash equivalents and restricted cash, beginning of the period | 142.9 | 100.5 |
| Cash, cash equivalents and restricted cash, end of the period | $88.5 | $101.5 |
| Supplemental disclosure of cash flow information: | ||
| Repurchases of common shares unpaid at period end | $— | $2.5 |
| Cash paid for taxes | $0.4 | $0.3 |
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