ARVINAS INC
For the period ended Sep 30, 2024. Filed Oct 30, 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.
Sep 30, 2024 · Filed Oct 30, 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 Nine Months EndedSeptember 30, | ||
|---|---|---|
| (dollars in millions) | 2024 | 2023 |
| Cash flows from operating activities: | ||
| Net loss | $(153.8) | $(212.5) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 3.5 | 3.6 |
| Net accretion of bond discounts/premiums | (17.1) | (11.6) |
| Loss on sale of marketable securities | — | 0.9 |
| Amortization of right-of-use assets | 1.5 | 1.4 |
| Amortization of collaboration contract asset | 3.6 | 2.0 |
| Net loss on disposal of property, plant and equipment | 2.6 | — |
| Stock-based compensation | 64.9 | 54.9 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (7.3) | (14.7) |
| Other receivables | (0.3) | 2.2 |
| Prepaid expenses and other current assets | (6.4) | 12.3 |
| Collaboration contract asset | (3.0) | — |
| Accounts payable and accrued liabilities | (16.3) | 16.0 |
| Operating lease liability | (1.6) | (1.5) |
| Deferred revenue | (45.5) | (117.7) |
| Net cash used in operating activities | (175.2) | (264.7) |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | (600.8) | (665.7) |
| Maturities of marketable securities | 538.0 | 873.4 |
| Sales of marketable securities | — | 52.3 |
| Purchases of property, equipment and leasehold improvements | (1.5) | (2.8) |
| Proceeds from disposal of property, equipment and leaseholds improvements | 0.1 | — |
| Net cash (used in) provided by investing activities | (64.2) | 257.2 |
| Cash flows from financing activities: | ||
| Repayments of long-term debt | (0.3) | — |
| Proceeds from issuance of common stock | — | 37.1 |
| Payment of common stock issuance costs | — | (1.1) |
| Proceeds from exercise of stock options and issuance of ESPP shares | 7.7 | 3.9 |
| Net cash provided by financing activities | 7.4 | 39.9 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (232.0) | 32.4 |
| Cash, cash equivalents and restricted cash, beginning of the period | 317.2 | 86.8 |
| Cash, cash equivalents and restricted cash, end of the period | $85.2 | $119.2 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for taxes | $1.6 | $9.1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.