Arvinas (ARVN) Financials

$7.86 +0.14 (+1.83%)

As of 11:38 AM Eastern

Annual Income Statements for Arvinas

This table shows Arvinas' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-283	-367	-199
Consolidated Net Income / (Loss)	-283	-367	-199
Net Income / (Loss) Continuing Operations	-283	-367	-199
Total Pre-Tax Income	-251	-364	-198
Total Operating Income	-263	-402	-250
Total Gross Profit	131	79	263
Total Revenue	131	79	263
Operating Revenue	131	79	263
Total Cost of Revenue	0.00	0.00	0.00
Total Operating Expenses	395	480	514
Selling, General & Admin Expense	80	100	165
Research & Development Expense	315	380	348
Total Other Income / (Expense), net	12	38	52
Interest & Investment Income	12	39	55
Other Income / (Expense), net	0.20	-1.20	-2.90
Income Tax Expense	21	0.90	0.60
Other Gains / (Losses), net	-11	-2.50	0.00
Basic Earnings per Share	($5.31)	($6.62)	($2.77)
Weighted Average Basic Shares Outstanding	53.20M	55.50M	71.90M
Diluted Earnings per Share	($5.31)	($6.62)	($2.77)
Weighted Average Diluted Shares Outstanding	53.20M	55.50M	71.90M
Weighted Average Basic & Diluted Shares Outstanding	53.27M	68.08M	68.77M

This table shows Arvinas' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-66	-83	-82	-66	-61	-158	-69	-35	-41	-54
Consolidated Net Income / (Loss)	-66	-83	-82	-67	-64	-155	-69	-35	-49	-45
Net Income / (Loss) Continuing Operations	-66	-83	-82	-67	-64	-155	-69	-35	-49	-45
Total Pre-Tax Income	-61	-69	-81	-66	-64	-153	-69	-35	-49	-45
Total Operating Income	-64	-75	-88	-75	-74	-165	-83	-49	-60	-58
Total Gross Profit	33	38	33	55	35	-43	25	77	102	59
Total Revenue	33	38	33	55	35	-43	25	77	102	59
Total Operating Expenses	98	113	120	129	109	122	109	125	163	117
Selling, General & Admin Expense	20	15	25	26	23	27	24	31	76	34
Research & Development Expense	78	98	95	103	86	95	84	94	87	83
Total Other Income / (Expense), net	3.20	6.20	6.50	9.00	10	12	14	14	12	13
Interest & Investment Income	3.40	5.60	7.60	9.00	10	12	14	14	14	13
Other Income / (Expense), net	-0.20	0.60	-1.10	0.00	0.00	-0.10	0.00	-0.10	-2.60	-0.20
Income Tax Expense	2.20	11	-0.40	-0.30	0.00	1.60	0.10	0.20	0.60	-0.30
Basic Earnings per Share	($1.24)	($1.55)	($1.54)	($1.25)	($1.18)	($2.65)	($0.97)	($0.49)	($0.68)	($0.63)
Weighted Average Basic Shares Outstanding	53.20M	53.20M	53.30M	53.40M	54.10M	55.50M	71.70M	71.90M	72.10M	71.90M
Diluted Earnings per Share	($1.24)	($1.55)	($1.54)	($1.25)	($1.18)	($2.65)	($0.97)	($0.49)	($0.68)	($0.63)
Weighted Average Diluted Shares Outstanding	53.20M	53.20M	53.30M	53.40M	54.10M	55.50M	71.70M	71.90M	72.10M	71.90M
Weighted Average Basic & Diluted Shares Outstanding	53.23M	53.27M	53.40M	53.49M	55.03M	68.08M	68.43M	68.65M	68.71M	68.77M

This table details how cash moves in and out of Arvinas' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-26	230	-217
Net Cash From Operating Activities	-274	-348	-259
Net Cash From Continuing Operating Activities	-274	-348	-259
Net Income / (Loss) Continuing Operations	-283	-367	-199
Consolidated Net Income / (Loss)	-283	-367	-199
Depreciation Expense	6.30	4.80	4.60
Amortization Expense	9.40	-13	-15
Non-Cash Adjustments To Reconcile Net Income	76	73	88
Changes in Operating Assets and Liabilities, net	-83	-44	-138
Net Cash From Investing Activities	243	204	35
Net Cash From Continuing Investing Activities	243	204	35
Purchase of Property, Plant & Equipment	-6.80	-2.90	-1.80
Purchase of Investments	-886	-956	-652
Sale of Property, Plant & Equipment	0.00	0.00	0.10
Sale and/or Maturity of Investments	1,136	1,163	689
Net Cash From Financing Activities	4.70	375	7.90
Net Cash From Continuing Financing Activities	4.70	375	7.90
Repayment of Debt	0.00	0.00	-0.40
Repurchase of Common Equity	0.00	-17	0.00
Issuance of Common Equity	4.70	392	8.30
Cash Income Taxes Paid	11	11	2.30

This table details how cash moves in and out of Arvinas' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	40	-51	49	-40	23	198	-224	67	-75	15
Net Cash From Operating Activities	-67	-71	-91	-89	-85	-83	-98	50	-128	-84
Net Cash From Continuing Operating Activities	-67	-71	-91	-89	-85	-83	-98	50	-128	-84
Net Income / (Loss) Continuing Operations	-66	-83	-82	-67	-64	-155	-69	-35	-49	-45
Consolidated Net Income / (Loss)	-66	-83	-82	-67	-64	-155	-69	-35	-49	-45
Depreciation Expense	1.60	1.70	1.20	1.20	1.20	1.20	1.20	1.20	1.10	1.10
Amortization Expense	1.70	0.10	-2.30	-2.30	-3.60	-5.20	-4.60	-3.90	-3.50	-3.20
Non-Cash Adjustments To Reconcile Net Income	19	20	21	17	16	18	19	19	27	23
Changes in Operating Assets and Liabilities, net	-23	-10	-29	-38	-35	58	-43	70	-104	-60
Net Cash From Investing Activities	106	19	139	49	70	-54	-128	13	51	99
Net Cash From Continuing Investing Activities	106	19	139	49	70	-54	-128	13	51	99
Purchase of Property, Plant & Equipment	-2.20	-1.10	-1.10	-0.60	-1.10	-0.10	-0.10	-0.70	-0.70	-0.30
Purchase of Investments	-233	-184	-176	-317	-173	-291	-248	-193	-160	-51
Sale and/or Maturity of Investments	341	205	315	366	245	237	120	206	212	151
Net Cash From Financing Activities	1.20	0.50	1.50	0.50	38	335	1.60	3.40	2.40	0.50
Net Cash From Continuing Financing Activities	1.20	0.50	1.50	0.50	38	335	1.60	3.40	2.40	0.50
Repayment of Debt	-	-	0.00	-	-	-	-0.20	-0.10	-	-0.10
Issuance of Common Equity	1.20	0.50	1.50	0.50	39	351	1.80	3.50	2.40	0.60
Cash Income Taxes Paid	8.10	3.00	0.00	9.00	0.10	2.00	1.20	0.30	0.10	0.70

This table presents Arvinas' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,269	1,305	1,091
Total Current Assets	1,240	1,280	1,067
Cash & Equivalents	81	312	101
Restricted Cash	5.50	5.50	0.00
Short-Term Investments	1,124	949	939
Accounts Receivable	8.00	7.20	14
Prepaid Expenses	21	6.50	14
Plant, Property, & Equipment, net	13	12	7.00
Total Noncurrent Assets	15	13	17
Other Noncurrent Operating Assets	15	13	17
Total Liabilities & Shareholders' Equity	1,269	1,305	1,091
Total Liabilities	704	645	530
Total Current Liabilities	295	257	230
Accounts Payable	75	92	72
Current Deferred Revenue	219	163	156
Other Current Liabilities	1.80	1.90	1.80
Total Noncurrent Liabilities	409	388	300
Long-Term Debt	1.00	0.80	0.60
Noncurrent Deferred Revenue	405	386	292
Other Noncurrent Operating Liabilities	2.70	0.50	7.30
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	565	660	562
Total Preferred & Common Equity	565	660	562
Preferred Stock	0.00	0.00	0.00
Total Common Equity	565	660	562
Common Stock	1,550	1,996	2,092
Retained Earnings	-965	-1,333	-1,532
Accumulated Other Comprehensive Income / (Loss)	-19	-3.10	1.00

This table presents Arvinas' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	1,335	1,176	1,084	1,058	1,213	1,280	1,167
Total Current Assets	1,305	1,148	1,057	1,033	1,190	1,257	1,150
Cash & Equivalents	133	130	91	114	88	155	85
Restricted Cash	5.50	5.50	5.50	5.50	5.50	5.50	0.00
Short-Term Investments	1,138	993	948	885	1,081	1,074	1,036
Accounts Receivable	6.80	4.70	4.80	21	7.10	10	15
Prepaid Expenses	22	15	7.60	8.40	8.40	13	13
Plant, Property, & Equipment, net	14	13	13	13	10	9.80	6.80
Total Noncurrent Assets	16	14	14	13	12	1.50	11
Other Noncurrent Operating Assets	16	14	14	13	12	1.50	11
Total Liabilities & Shareholders' Equity	1,335	1,176	1,084	1,058	1,213	1,280	1,167
Total Liabilities	713	665	620	601	603	679	581
Total Current Liabilities	245	283	307	317	241	347	276
Accounts Payable	50	66	75	91	76	78	76
Current Deferred Revenue	193	215	230	224	163	268	199
Other Current Liabilities	1.80	1.90	1.90	1.90	1.50	1.20	0.80
Total Noncurrent Liabilities	469	382	313	284	362	332	305
Long-Term Debt	1.00	0.90	0.90	0.80	0.70	0.70	0.60
Noncurrent Deferred Revenue	465	379	311	282	361	331	305
Other Noncurrent Operating Liabilities	3.10	2.10	1.60	1.10	0.40	0.20	0.10
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	622	511	464	457	610	600	586
Total Preferred & Common Equity	622	511	464	457	610	600	586
Preferred Stock	-	-	-	-	0.00	0.00	0.00
Total Common Equity	622	511	464	457	610	600	586
Common Stock	1,529	1,571	1,590	1,644	2,016	2,041	2,068
Retained Earnings	-883	-1,047	-1,114	-1,178	-1,402	-1,437	-1,487
Accumulated Other Comprehensive Income / (Loss)	-25	-13	-12	-9.20	-4.40	-3.80	4.10

This table displays calculated financial ratios and metrics derived from Arvinas' official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	145.15%	-40.26%	235.54%
EBITDA Growth	-45.39%	-66.32%	35.89%
EBIT Growth	-41.47%	-53.12%	37.15%
NOPAT Growth	-39.70%	-52.55%	37.68%
Net Income Growth	-47.91%	-30.02%	45.85%
EPS Growth	-39.01%	-24.67%	58.16%
Operating Cash Flow Growth	-148.89%	-27.17%	25.45%
Free Cash Flow Firm Growth	-149.27%	-15.93%	5.16%
Invested Capital Growth	12.48%	6.08%	21.23%
Revenue Q/Q Growth	3.63%	-50.78%	63.50%
EBITDA Q/Q Growth	-15.13%	-30.61%	29.25%
EBIT Q/Q Growth	-12.01%	-29.03%	29.73%
NOPAT Q/Q Growth	-11.86%	-28.85%	29.99%
Net Income Q/Q Growth	-11.88%	-24.34%	35.55%
EPS Q/Q Growth	-11.32%	-19.93%	42.17%
Operating Cash Flow Q/Q Growth	-14.92%	-3.54%	-0.39%
Free Cash Flow Firm Q/Q Growth	-8.72%	1.77%	-16.38%
Invested Capital Q/Q Growth	1.35%	-10.97%	10.82%
Profitability Metrics	-	-	-
Gross Margin	100.00%	100.00%	100.00%
EBITDA Margin	-188.20%	-523.95%	-100.11%
Operating Margin	-200.30%	-511.47%	-94.99%
EBIT Margin	-200.15%	-512.99%	-96.09%
Profit (Net Income) Margin	-214.99%	-467.90%	-75.51%
Tax Burden Percent	112.55%	100.93%	100.30%
Interest Burden Percent	95.44%	90.37%	78.35%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%
Return on Equity (ROE)	-41.96%	-59.97%	-32.56%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-18.45%	-31.30%	-21.13%
Return on Assets (ROA)	-19.82%	-28.55%	-16.60%
Return on Common Equity (ROCE)	-41.96%	-59.97%	-32.56%
Return on Equity Simple (ROE_SIMPLE)	-50.01%	-55.65%	-35.41%
Net Operating Profit after Tax (NOPAT)	-184	-281	-175
NOPAT Margin	-140.21%	-358.03%	-66.49%
Net Nonoperating Expense Percent (NNEP)	-7.20%	-6.97%	-2.06%
Return On Investment Capital (ROIC_SIMPLE)	-32.56%	-42.53%	-31.15%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	60.58%	127.77%	62.79%
R&D to Revenue	239.73%	483.69%	132.19%
Operating Expenses to Revenue	300.30%	611.47%	194.99%
Earnings before Interest and Taxes (EBIT)	-263	-403	-253
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-247	-411	-264
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	3.22	3.43	2.35
Price to Tangible Book Value (P/TBV)	3.22	3.43	2.35
Price to Revenue (P/Rev)	13.86	28.85	5.00
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	4.65	12.73	1.06
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-2.03	-2.02	-1.89
Leverage Ratio	2.12	2.10	1.96
Compound Leverage Factor	2.02	1.90	1.54
Debt to Total Capital	0.18%	0.12%	0.11%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.18%	0.12%	0.11%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.82%	99.88%	99.89%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	4.89	3.08	3.94
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	-0.01	0.00	0.00
Net Debt to NOPAT	6.57	4.50	5.93
Long-Term Debt to NOPAT	-0.01	0.00	0.00
Altman Z-Score	0.80	0.66	-0.08
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	4.20	4.98	4.64
Quick Ratio	4.11	4.93	4.58
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-276	-320	-304
Operating Cash Flow to CapEx	-4,022.06%	-11,993.10%	-15,252.94%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.09	0.06	0.22
Accounts Receivable Turnover	7.80	10.33	25.21
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	10.07	6.31	28.48
Accounts Payable Turnover	0.00	0.00	0.00
Days Sales Outstanding (DSO)	46.81	35.34	14.48
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	46.81	35.34	14.48
Capital & Investment Metrics	-	-	-
Invested Capital	-645	-606	-477
Invested Capital Turnover	-0.19	-0.13	-0.49
Increase / (Decrease) in Invested Capital	92	39	129
Enterprise Value (EV)	611	999	278
Market Capitalization	1,821	2,265	1,317
Book Value per Share	$10.61	$11.99	$8.17
Tangible Book Value per Share	$10.61	$11.99	$8.17
Total Capital	566	661	562
Total Debt	1.00	0.80	0.60
Total Long-Term Debt	1.00	0.80	0.60
Net Debt	-1,210	-1,266	-1,039
Capital Expenditures (CapEx)	6.80	2.90	1.70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-266	-243	-202
Debt-free Net Working Capital (DFNWC)	945	1,023	838
Net Working Capital (NWC)	945	1,023	838
Net Nonoperating Expense (NNE)	98	86	24
Net Nonoperating Obligations (NNO)	-1,210	-1,266	-1,039
Total Depreciation and Amortization (D&A)	16	-8.60	-11
Debt-free, Cash-free Net Working Capital to Revenue	-202.21%	-310.06%	-76.65%
Debt-free Net Working Capital to Revenue	719.25%	1,303.31%	317.96%
Net Working Capital to Revenue	719.25%	1,303.31%	317.96%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($5.31)	($6.62)	($2.77)
Adjusted Weighted Average Basic Shares Outstanding	53.20M	55.50M	71.90M
Adjusted Diluted Earnings per Share	($5.31)	($6.62)	($2.77)
Adjusted Weighted Average Diluted Shares Outstanding	53.20M	55.50M	71.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	53.27M	68.08M	68.77M
Normalized Net Operating Profit after Tax (NOPAT)	-184	-281	-175
Normalized NOPAT Margin	-140.21%	-358.03%	-66.49%
Pre Tax Income Margin	-191.02%	-463.57%	-75.28%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-4.63%	0.00%

This table displays calculated financial ratios and metrics derived from Arvinas' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	256.99%	13.81%	22.64%	61.24%	4.22%	-213.72%	-22.15%	40.37%	195.95%	237.36%
EBITDA Growth	-44.34%	-80.25%	-72.55%	-24.10%	-24.67%	-132.05%	3.56%	32.23%	14.42%	64.34%
EBIT Growth	-36.94%	-60.52%	-53.63%	-13.20%	-14.57%	-121.12%	6.19%	34.85%	14.89%	64.75%
NOPAT Growth	-35.94%	-58.74%	-51.99%	-13.37%	-14.93%	-119.23%	5.02%	34.99%	18.40%	64.85%
Net Income Growth	-41.45%	-56.71%	-29.18%	4.86%	3.32%	-86.73%	15.26%	47.15%	23.13%	70.87%
EPS Growth	-31.91%	-53.47%	-28.33%	5.30%	4.84%	-70.97%	37.01%	60.80%	42.37%	76.23%
Operating Cash Flow Growth	-109.77%	-99.44%	-59.72%	-12.85%	-27.33%	-16.71%	-6.91%	156.71%	-50.94%	-1.20%
Free Cash Flow Firm Growth	-120.10%	-121.96%	-124.12%	-124.41%	-18.78%	-7.00%	27.51%	121.03%	66.79%	-9.27%
Invested Capital Growth	12.03%	12.48%	12.93%	14.26%	16.51%	6.08%	8.53%	-11.25%	1.98%	21.23%
Revenue Q/Q Growth	-1.78%	14.16%	-14.25%	67.69%	-36.51%	-224.57%	158.70%	202.37%	33.86%	-42.19%
EBITDA Q/Q Growth	-0.33%	-19.28%	-23.15%	15.80%	-0.79%	-122.02%	48.82%	40.83%	-27.29%	7.50%
EBIT Q/Q Growth	2.12%	-15.97%	-18.72%	15.99%	0.94%	-123.82%	49.64%	41.66%	-29.42%	7.31%
NOPAT Q/Q Growth	2.28%	-17.26%	-16.31%	14.94%	0.94%	-123.68%	49.61%	41.78%	-24.33%	3.65%
Net Income Q/Q Growth	5.43%	-25.23%	1.21%	18.68%	3.90%	-141.88%	55.17%	49.28%	-39.77%	8.33%
EPS Q/Q Growth	6.06%	-25.00%	0.65%	18.83%	5.60%	-124.58%	63.40%	49.48%	-38.78%	7.35%
Operating Cash Flow Q/Q Growth	15.27%	-6.91%	-28.09%	2.74%	4.40%	2.00%	-17.33%	151.59%	-354.47%	34.30%
Free Cash Flow Firm Q/Q Growth	-122.07%	-7.73%	-5.67%	2.86%	-7.41%	2.96%	28.40%	128.18%	-269.63%	-219.32%
Invested Capital Q/Q Growth	3.31%	1.35%	4.33%	6.05%	5.85%	-10.97%	6.82%	-14.26%	17.04%	10.82%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	0.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-184.34%	-192.61%	-276.62%	-138.90%	-220.52%	0.00%	-342.69%	-67.06%	-63.77%	-102.03%
Operating Margin	-193.67%	-198.94%	-269.85%	-136.88%	-213.58%	0.00%	-329.25%	-63.40%	-58.89%	-98.14%
EBIT Margin	-194.28%	-197.36%	-273.23%	-136.88%	-213.58%	0.00%	-329.25%	-63.53%	-61.43%	-98.48%
Profit (Net Income) Margin	-199.40%	-218.73%	-252.00%	-122.20%	-184.97%	0.00%	-274.31%	-46.01%	-48.05%	-76.18%
Tax Burden Percent	108.35%	119.80%	100.86%	101.52%	100.16%	101.04%	100.14%	100.57%	101.23%	99.34%
Interest Burden Percent	94.73%	92.51%	91.44%	87.94%	86.47%	92.62%	83.19%	72.02%	77.27%	77.87%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-35.09%	-41.96%	-48.77%	-52.48%	-54.77%	-59.97%	-63.32%	-60.80%	-59.16%	-32.56%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-16.76%	-18.20%	-28.18%	-17.38%	-28.47%	0.00%	-19.66%	-5.02%	-8.89%	-21.65%
Return on Assets (ROA)	-17.20%	-20.17%	-25.99%	-15.52%	-24.66%	0.00%	-16.38%	-3.63%	-6.96%	-16.75%
Return on Common Equity (ROCE)	-35.09%	-41.96%	-48.77%	-52.48%	-54.77%	-59.97%	-63.32%	-60.80%	-59.16%	-32.56%
Return on Equity Simple (ROE_SIMPLE)	-40.63%	0.00%	-58.90%	-64.19%	-64.61%	0.00%	-58.19%	-53.88%	-52.66%	0.00%
Net Operating Profit after Tax (NOPAT)	-45	-53	-61	-52	-52	-116	-58	-34	-42	-41
NOPAT Margin	-135.57%	-139.26%	-188.89%	-95.82%	-149.51%	0.00%	-230.47%	-44.38%	-41.22%	-68.70%
Net Nonoperating Expense Percent (NNEP)	-1.49%	-2.21%	-1.60%	-1.20%	-1.08%	-3.16%	-0.96%	-0.11%	-0.66%	-0.38%
Return On Investment Capital (ROIC_SIMPLE)	-	-9.33%	-	-	-	-17.51%	-	-	-	-7.23%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	60.24%	39.84%	76.62%	47.16%	65.32%	0.00%	96.05%	40.92%	74.02%	57.43%
R&D to Revenue	233.43%	259.10%	293.23%	189.72%	248.27%	0.00%	333.20%	122.48%	84.86%	140.71%
Operating Expenses to Revenue	293.67%	298.94%	369.85%	236.88%	313.58%	0.00%	429.25%	163.40%	158.89%	198.14%
Earnings before Interest and Taxes (EBIT)	-65	-75	-89	-75	-74	-165	-83	-49	-63	-58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-61	-73	-90	-76	-76	-169	-87	-51	-65	-60
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.81	3.22	2.85	2.86	2.30	3.43	3.73	3.04	2.89	2.35
Price to Tangible Book Value (P/TBV)	3.81	3.22	2.85	2.86	2.30	3.43	3.73	3.04	2.89	2.35
Price to Revenue (P/Rev)	18.67	13.86	10.59	8.38	6.59	28.85	31.86	19.52	10.50	5.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	8.61	4.65	2.38	1.78	0.30	12.73	15.39	6.30	3.54	1.06
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-1.97	-2.03	-2.07	-2.11	-2.11	-2.02	-2.05	-2.15	-2.04	-1.89
Leverage Ratio	2.04	2.12	2.16	2.20	2.22	2.10	2.13	2.22	2.13	1.96
Compound Leverage Factor	1.93	1.96	1.97	1.93	1.92	1.95	1.77	1.60	1.65	1.53
Debt to Total Capital	0.16%	0.18%	0.20%	0.22%	0.22%	0.12%	0.11%	0.12%	0.10%	0.11%
Short-Term Debt to Total Capital	0.00%	0.00%	0.02%	0.02%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.16%	0.18%	0.18%	0.19%	0.17%	0.12%	0.11%	0.12%	0.10%	0.11%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.84%	99.82%	99.80%	99.78%	99.78%	99.88%	99.89%	99.88%	99.90%	99.89%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	5.94	4.89	3.96	3.48	3.19	3.08	2.88	3.21	3.01	3.94
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-0.01	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	7.74	6.57	5.50	4.94	4.60	4.50	4.22	4.75	4.48	5.93
Long-Term Debt to NOPAT	-0.01	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	1.95	1.29	0.82	0.59	0.22	1.26	1.41	0.84	0.82	0.51
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.33	4.20	4.06	3.44	3.26	4.98	4.94	3.62	4.17	4.64
Quick Ratio	5.22	4.11	3.99	3.40	3.21	4.93	4.89	3.57	4.12	4.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-134	-145	-153	-149	-160	-155	-111	31	-53	-169
Operating Cash Flow to CapEx	-3,027.27%	-6,472.73%	-8,290.91%	-14,783.33%	-7,709.09%	-83,100.00%	-97,500.00%	7,185.71%	-18,285.71%	-28,033.33%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.09	0.10	0.13	0.13	0.06	0.06	0.08	0.14	0.22
Accounts Receivable Turnover	16.43	7.80	24.11	24.51	11.64	10.33	12.08	12.61	9.10	25.21
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	9.90	10.07	10.25	11.80	11.95	6.31	5.99	8.11	16.52	28.48
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	22.22	46.81	15.14	14.89	31.35	35.34	30.20	28.95	40.10	14.48
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	22.22	46.81	15.14	14.89	31.35	35.34	30.20	28.95	40.10	14.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-654	-645	-617	-580	-546	-606	-564	-645	-535	-477
Invested Capital Turnover	-0.18	-0.19	-0.21	-0.25	-0.27	-0.13	-0.12	-0.15	-0.30	-0.49
Increase / (Decrease) in Invested Capital	89	92	92	96	108	39	53	-65	11	129
Enterprise Value (EV)	1,092	611	327	282	47	999	1,097	588	570	278
Market Capitalization	2,367	1,821	1,455	1,325	1,050	2,265	2,271	1,822	1,691	1,317
Book Value per Share	$11.68	$10.61	$9.59	$8.68	$8.55	$11.99	$8.50	$8.77	$8.54	$8.17
Tangible Book Value per Share	$11.68	$10.61	$9.59	$8.68	$8.55	$11.99	$8.50	$8.77	$8.54	$8.17
Total Capital	623	566	512	465	458	661	610	601	587	562
Total Debt	1.00	1.00	1.00	1.00	1.00	0.80	0.70	0.70	0.60	0.60
Total Long-Term Debt	1.00	1.00	0.90	0.90	0.80	0.80	0.70	0.70	0.60	0.60
Net Debt	-1,275	-1,210	-1,128	-1,043	-1,003	-1,266	-1,174	-1,234	-1,121	-1,039
Capital Expenditures (CapEx)	2.20	1.10	1.10	0.60	1.10	0.10	0.10	0.70	0.70	0.30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-216	-266	-264	-294	-288	-243	-225	-325	-248	-202
Debt-free Net Working Capital (DFNWC)	1,060	945	865	750	716	1,023	950	910	874	838
Net Working Capital (NWC)	1,060	945	865	750	716	1,023	950	910	874	838
Net Nonoperating Expense (NNE)	21	30	21	14	12	39	11	1.25	6.99	4.43
Net Nonoperating Obligations (NNO)	-1,275	-1,210	-1,128	-1,043	-1,003	-1,266	-1,174	-1,245	-1,121	-1,039
Total Depreciation and Amortization (D&A)	3.30	1.80	-1.10	-1.10	-2.40	-4.00	-3.40	-2.70	-2.40	-2.10
Debt-free, Cash-free Net Working Capital to Revenue	-170.43%	-202.21%	-191.85%	-186.21%	-180.63%	-310.06%	-315.99%	-348.02%	-153.94%	-76.65%
Debt-free Net Working Capital to Revenue	836.04%	719.25%	629.84%	474.32%	448.84%	1,303.31%	1,331.70%	974.81%	542.27%	317.96%
Net Working Capital to Revenue	836.04%	719.25%	629.77%	474.26%	448.71%	1,303.31%	1,331.70%	974.81%	542.27%	317.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.24)	($1.55)	($1.54)	($1.25)	($1.18)	($2.65)	($0.97)	($0.49)	($0.68)	($0.63)
Adjusted Weighted Average Basic Shares Outstanding	53.20M	53.20M	53.30M	53.40M	54.10M	55.50M	71.70M	71.90M	72.10M	71.90M
Adjusted Diluted Earnings per Share	($1.24)	($1.55)	($1.54)	($1.25)	($1.18)	($2.65)	($0.97)	($0.49)	($0.68)	($0.63)
Adjusted Weighted Average Diluted Shares Outstanding	53.20M	53.20M	53.30M	53.40M	54.10M	55.50M	71.70M	71.90M	72.10M	71.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	53.23M	53.27M	53.40M	53.49M	55.03M	68.08M	68.43M	68.65M	68.71M	68.77M
Normalized Net Operating Profit after Tax (NOPAT)	-45	-53	-61	-52	-52	-116	-58	-34	-42	-41
Normalized NOPAT Margin	-135.57%	-139.26%	-188.89%	-95.82%	-149.51%	0.00%	-230.47%	-44.38%	-41.22%	-68.70%
Pre Tax Income Margin	-184.04%	-182.59%	-249.85%	-120.37%	-184.68%	0.00%	-273.91%	-45.75%	-47.46%	-76.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	-0.37%	-4.63%	0.00%	0.00%	-5.15%	0.00%

Frequently Asked Questions About Arvinas' Financials

When does Arvinas's financial year end?

According to the most recent income statement we have on file, Arvinas' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Arvinas' net income changed over the last 2 years?

Arvinas' net income appears to be on a downward trend, with a most recent value of -$198.90 million in 2024, falling from -$282.50 million in 2022. The previous period was -$367.30 million in 2023. See where experts think Arvinas is headed by visiting Arvinas' forecast page.

What is Arvinas's operating income?

Arvinas's total operating income in 2024 was -$250.20 million, based on the following breakdown:

Total Gross Profit: $263.40 million
Total Operating Expenses: $513.60 million

How has Arvinas revenue changed over the last 2 years?

Over the last 2 years, Arvinas' total revenue changed from $131.40 million in 2022 to $263.40 million in 2024, a change of 100.5%.

How much debt does Arvinas have?

Arvinas' total liabilities were at $529.70 million at the end of 2024, a 17.8% decrease from 2023, and a 24.7% decrease since 2022.

How much cash does Arvinas have?

In the past 2 years, Arvinas' cash and equivalents has ranged from $81.30 million in 2022 to $311.70 million in 2023, and is currently $100.50 million as of their latest financial filing in 2024.

How has Arvinas' book value per share changed over the last 2 years?

Over the last 2 years, Arvinas' book value per share changed from 10.61 in 2022 to 8.17 in 2024, a change of -23.0%.

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This page (NASDAQ:ARVN) was last updated on 5/5/2025 by MarketBeat.com Staff

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Arvinas (ARVN) Financials

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