ARVINAS INC
For the period ended Mar 31, 2024. Filed May 7, 2024.
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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.
Mar 31, 2024 · Filed May 7, 2024
ARVN$6.92+2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (unaudited)
| For the Three Months EndedMarch 31, | ||
|---|---|---|
| (dollars in millions) | 2024 | 2023 |
| Cash flows from operating activities: | ||
| Net loss | $(69.4) | $(81.9) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 1.2 | 1.2 |
| Net accretion of bond discounts/premiums | (5.5) | (3.4) |
| Loss on sale of marketable securities | — | 0.9 |
| Amortization of right-of-use assets | 0.5 | 0.5 |
| Amortization of collaboration contract asset | 0.4 | 0.6 |
| Stock-based compensation | 18.6 | 19.9 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | — | 1.0 |
| Other receivables | 0.1 | 2.3 |
| Prepaid expenses and other current assets | (1.9) | 6.9 |
| Accounts payable and accrued liabilities | (15.7) | (8.8) |
| Operating lease liability | (0.5) | (0.5) |
| Deferred revenue | (25.3) | (29.9) |
| Net cash used in operating activities | (97.5) | (91.2) |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | (247.9) | (175.7) |
| Maturities of marketable securities | 120.2 | 280.3 |
| Sales of marketable securities | — | 35.1 |
| Purchases of property, equipment and leasehold improvements | (0.1) | (1.1) |
| Net cash (used in) provided by investing activities | (127.8) | 138.6 |
| Cash flows from financing activities: | ||
| Repayments of long term debt | (0.2) | — |
| Proceeds from exercise of stock options and issuance of ESPP shares | 1.8 | 1.5 |
| Net cash provided by financing activities | 1.6 | 1.5 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (223.7) | 48.9 |
| Cash, cash equivalents and restricted cash, beginning of the period | 317.2 | 86.8 |
| Cash, cash equivalents and restricted cash, end of the period | $93.5 | $135.7 |
| Supplemental disclosure of cash flow information: | ||
| Purchases of property, equipment and leasehold improvements unpaid at period end | $— | $0.1 |
| Cash paid for taxes | $1.2 | $— |
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