2019 Q4 Form 10-Q Financial Statement

#000117867019000005 Filed on October 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $71.68M $70.06M $2.069M
YoY Change 240.8% 3286.23% -87.9%
Cost Of Revenue $12.20M $5.213M $137.0K
YoY Change 617.65% 3705.11%
Gross Profit $59.50M $64.85M $1.932M
YoY Change 206.7% 3256.52%
Gross Profit Margin 83.01% 92.56% 93.38%
Selling, General & Admin $156.3M $120.4M $116.5M
YoY Change 43.79% 3.27% 144.84%
% of Gross Profit 262.69% 185.59% 6032.35%
Research & Development $201.3M $160.8M $139.9M
YoY Change 53.66% 14.9% 46.85%
% of Gross Profit 338.32% 247.96% 7243.53%
Depreciation & Amortization $5.500M -$10.30M $3.300M
YoY Change -339.13% -412.12% -8.33%
% of Gross Profit 9.24% -15.88% 170.81%
Operating Expenses $357.6M $281.1M $256.5M
YoY Change 49.19% 9.61% 79.49%
Operating Profit -$298.1M -$216.3M -$254.6M
YoY Change 35.32% -15.03% 102.35%
Interest Expense $7.300M $0.00 $6.800M
YoY Change -31.13% -100.0% 106.06%
% of Operating Profit
Other Income/Expense, Net $14.20M $7.370M $9.721M
YoY Change -1192.31% -24.18% 239.54%
Pretax Income -$276.6M -$208.9M -$244.8M
YoY Change 31.03% -14.67% 99.16%
Income Tax -$400.0K -$394.0K $445.0K
% Of Pretax Income
Net Earnings -$276.2M -$208.5M -$245.3M
YoY Change 30.62% -14.98% 99.52%
Net Earnings / Revenue -385.3% -297.65% -11855.1%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.470M -$1.918M -$2.434M
COMMON SHARES
Basic Shares Outstanding 111.5M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.522B $1.721B $1.222B
YoY Change 40.56% 40.86% 28.84%
Cash & Equivalents $547.2M $923.3M $316.6M
Short-Term Investments $975.0M $797.8M $905.2M
Other Short-Term Assets $80.30M $73.50M $90.80M
YoY Change 8.96% -19.05% 198.68%
Inventory $56.35M $54.56M $11.08M
Prepaid Expenses
Receivables $43.01M $48.11M $3.362M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.716B $1.897B $1.342B
YoY Change 42.91% 41.36% 35.11%
LONG-TERM ASSETS
Property, Plant & Equipment $425.2M $396.5M $272.7M
YoY Change 32.6% 45.38% 68.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.07M $9.632M $60.90M
YoY Change 109.54% -84.18% 4040.04%
Total Long-Term Assets $679.3M $644.4M $333.6M
YoY Change 81.57% 93.16% -8.59%
TOTAL ASSETS
Total Short-Term Assets $1.716B $1.897B $1.342B
Total Long-Term Assets $679.3M $644.4M $333.6M
Total Assets $2.395B $2.542B $1.676B
YoY Change 52.09% 51.68% 23.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $49.88M $39.39M $21.80M
YoY Change -16.45% 80.7% 135.96%
Accrued Expenses $197.2M $177.9M $93.60M
YoY Change 74.95% 90.12% 82.6%
Deferred Revenue $77.82M $107.4M $3.444M
YoY Change 2126.0% 3017.28%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $352.6M $352.9M $121.5M
YoY Change 96.44% 190.42% 20.24%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $30.00M
YoY Change -100.0% -100.0% -80.0%
Other Long-Term Liabilities $9.330M $9.036M $46.00M
YoY Change 87.92% -80.36% 1518.58%
Total Long-Term Liabilities $9.330M $9.036M $76.00M
YoY Change 87.92% -88.11% 2574.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $352.6M $352.9M $121.5M
Total Long-Term Liabilities $9.330M $9.036M $76.00M
Total Liabilities $956.4M $934.5M $197.5M
YoY Change 250.55% 373.18% -34.04%
SHAREHOLDERS EQUITY
Retained Earnings -$3.727B -$3.451B
YoY Change 31.19%
Common Stock $5.202B $5.092B
YoY Change 24.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.439B $1.607B $1.478B
YoY Change
Total Liabilities & Shareholders Equity $2.395B $2.542B $1.676B
YoY Change 52.09% 51.68% 23.37%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income -$276.2M -$208.5M -$245.3M
YoY Change 30.62% -14.98% 99.52%
Depreciation, Depletion And Amortization $5.500M -$10.30M $3.300M
YoY Change -339.13% -412.12% -8.33%
Cash From Operating Activities -$196.0M -$182.6M -$153.8M
YoY Change 30.32% 18.73% 56.46%
INVESTING ACTIVITIES
Capital Expenditures -$38.80M -$36.10M -$45.40M
YoY Change 3.47% -20.48% 76.65%
Acquisitions
YoY Change
Other Investing Activities -$182.0M $26.00M $141.6M
YoY Change -163.55% -81.64% -227.0%
Cash From Investing Activities -$220.9M -$10.00M $96.20M
YoY Change -188.75% -110.4% -170.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 40.40M -20.70M 13.00M
YoY Change 648.15% -259.23% -55.02%
NET CHANGE
Cash From Operating Activities -196.0M -182.6M -153.8M
Cash From Investing Activities -220.9M -10.00M 96.20M
Cash From Financing Activities 40.40M -20.70M 13.00M
Net Change In Cash -376.5M -213.3M -44.60M
YoY Change -462.37% 378.25% -78.41%
FREE CASH FLOW
Cash From Operating Activities -$196.0M -$182.6M -$153.8M
Capital Expenditures -$38.80M -$36.10M -$45.40M
Free Cash Flow -$157.2M -$146.5M -$108.4M
YoY Change 39.24% 35.15% 49.31%

Facts In Submission

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4211000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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0 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
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-207075000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-244867000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-611089000 USD
us-gaap Comprehensive Income Net Of Tax
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-549015000 USD
CY2018Q4 us-gaap Stockholders Equity
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CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2019Q1 us-gaap Stock Issued During Period Value New Issues
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CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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32541000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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360000 USD
CY2019Q1 us-gaap Net Income Loss
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CY2019Q1 us-gaap Stockholders Equity
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CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation Gross
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CY2019Q2 us-gaap Stock Issued During Period Value Employee Benefit Plan
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CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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30798000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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-2978000 USD
CY2019Q2 us-gaap Net Income Loss
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-219481000 USD
CY2019Q2 us-gaap Stockholders Equity
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1757195000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
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9300000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Employee Benefit Plan
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1002000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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46665000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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1460000 USD
CY2019Q3 us-gaap Net Income Loss
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-208535000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1607087000 USD
CY2017Q4 us-gaap Stockholders Equity
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1766431000 USD
CY2018Q1 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
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68210000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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41890000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation Gross
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-123000 USD
CY2018Q1 us-gaap Stockholders Equity
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1754805000 USD
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568000 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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19463000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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-420000 USD
CY2018Q1 us-gaap Net Income Loss
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-141214000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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2561000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation Gross
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3124000 USD
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829000 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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21997000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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1046000 USD
CY2018Q2 us-gaap Net Income Loss
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-163560000 USD
CY2018Q2 us-gaap Stockholders Equity
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1620802000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation Gross
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CY2018Q3 us-gaap Stock Issued During Period Value Employee Benefit Plan
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820000 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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88412000 USD
CY2018Q3 us-gaap Stockholders Equity
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1478119000 USD
us-gaap Profit Loss
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-609931000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
415000 USD
CY2018Q3 us-gaap Net Income Loss
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-245282000 USD
us-gaap Profit Loss
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-550056000 USD
us-gaap Depreciation Amortization And Accretion Net
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11733000 USD
us-gaap Pension And Other Postretirement Benefit Expense
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3612000 USD
alny Change In Fair Value Of Liability Obligation
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us-gaap Depreciation Amortization And Accretion Net
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5822000 USD
alny Amortization And Interest Accretion Related To Operating Leases
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27873000 USD
alny Amortization And Interest Accretion Related To Operating Leases
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0 USD
us-gaap Share Based Compensation
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108644000 USD
us-gaap Share Based Compensation
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129779000 USD
alny Non Cash Gain On Litigation Settlement
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0 USD
alny Non Cash Gain On Litigation Settlement
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10000000 USD
us-gaap Pension And Other Postretirement Benefit Expense
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alny Change In Fair Value Of Liability Obligation
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us-gaap Other Operating Activities Cash Flow Statement
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-4415000 USD
us-gaap Other Operating Activities Cash Flow Statement
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us-gaap Increase Decrease In Accounts Receivable
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29717000 USD
us-gaap Increase Decrease In Accounts Receivable
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-30640000 USD
us-gaap Payments For Proceeds From Tenant Allowance
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-29064000 USD
us-gaap Payments For Proceeds From Tenant Allowance
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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13662000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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34125000 USD
us-gaap Increase Decrease In Accounts Payable
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-3719000 USD
us-gaap Increase Decrease In Accounts Payable
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-650000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
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36348000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
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25242000 USD
us-gaap Increase Decrease In Contract With Customer Liability
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399584000 USD
us-gaap Increase Decrease In Contract With Customer Liability
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-11503000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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-82447000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-412159000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
101351000 USD
us-gaap Proceeds From Issuance Of Private Placement
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400000000 USD
us-gaap Proceeds From Issuance Of Private Placement
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0 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
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1445632000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
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992385000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Restricted Investments
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0 USD
us-gaap Payments To Acquire Restricted Investments
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14825000 USD
us-gaap Proceeds From Sale Of Restricted Investments
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30000000 USD
us-gaap Proceeds From Sale Of Restricted Investments
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0 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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1320156000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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1120565000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-196827000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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23981000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
30942000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
60092000 USD
us-gaap Repayments Of Long Term Debt
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30000000 USD
us-gaap Repayments Of Long Term Debt
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0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
381900000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
782842000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
60092000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-449000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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0 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
503119000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-328086000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
422631000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
646832000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
925750000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
318746000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
18923000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
19739000 USD
us-gaap Nature Of Operations
NatureOfOperations
NATURE OF BUSINESS<span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">Alnylam Pharmaceuticals, Inc. (also referred to as Alnylam, we, our or us) commenced operations on June 14, 2002 as a biopharmaceutical company seeking to develop and commercialize novel therapeutics based on RNA interference, or RNAi. We are committed to the advancement of our company strategy of building a multi-product, commercial biopharmaceutical company with a sustainable pipeline of RNAi therapeutics to address the needs of patients who have limited or inadequate treatment options. Since inception, we have focused on discovering, developing and commercializing RNAi therapeutics by establishing and maintaining a strong intellectual property position in the RNAi field, establishing strategic alliances with leading pharmaceutical and life sciences companies, generating revenues through licensing agreements, and ultimately developing and commercializing RNAi therapeutics globally, either independently or with our strategic partners. We have devoted substantially all of our efforts to business planning, research, development, manufacturing and early commercial efforts, acquiring, filing and expanding intellectual property rights, recruiting management and technical staff, and raising capital. In August 2018, we received approval for ONPATTRO</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:9pt;font-weight:400;line-height:120%;">®</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;"> (patisiran), our first product, from the United States Food and Drug Administration and began commercializing and generating product revenues in the U.S. In October 2018, we began commercializing and generating product revenues outside of the U.S. and, as of September 30, 2019, we have launched ONPATTRO in Japan, Canada and in several countries in Europe. Regulatory filings in additional markets in Europe and elsewhere are pending or planned for the remainder of 2019 and beyond.</span>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Reclassification</span></div><div style="text-indent:18pt;text-align:justify;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">Certain prior period amounts in the condensed consolidated financial statements have been reclassified to conform to the current period presentation.</span></div>
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
290000000.0 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
230000000.0 USD
CY2019Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
28107000 USD
CY2018Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
5625000 USD
CY2019Q3 us-gaap Contract With Customer Liability
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158446000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3954000 USD
CY2019Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
12333000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3954000 USD
CY2019Q3 alny Increase Decrease In Transaction Price
IncreaseDecreaseInTransactionPrice
18500000 USD
CY2019Q3 us-gaap Inventory Raw Materials
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11600000 USD
CY2018Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
8709000 USD
CY2019Q3 us-gaap Inventory Work In Process
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42383000 USD
CY2018Q4 us-gaap Inventory Work In Process
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15262000 USD
CY2019Q3 us-gaap Inventory Finished Goods
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579000 USD
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
97000 USD
CY2019Q3 us-gaap Inventory Net
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54562000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
24068000 USD
CY2018Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0 USD
CY2019Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0 USD
CY2019Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1471546000 USD
CY2019Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
395000 USD
CY2019Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
44000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1471897000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
884505000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
422000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
884084000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
674143000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
221281000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
797754000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
662803000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1471897000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
884084000 USD
CY2019Q3 us-gaap Operating Lease Cost
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9282000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
27863000 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
3460000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
12993000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
12742000 USD
us-gaap Lease Cost
LeaseCost
40856000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
24800000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P13Y4M24D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.082
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
304621000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
8223000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
28700000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
36388000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
36510000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
35576000 USD
CY2019Q3 alny Lessee Operating Lease Liability Payments Due Year Six
LesseeOperatingLeaseLiabilityPaymentsDueYearSix
34670000 USD
CY2019Q3 alny Lessee Operating Lease Liability Payments Due Year Seven And Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueYearSevenAndThereafter
356208000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
536275000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
231654000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
304621000 USD
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
28165000 USD
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
276456000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
32228000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
34826000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
34410000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
34826000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
35270000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
390455000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
562015000 USD
CY2019Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5000000 shares
CY2019Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
77.50
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
381900000 USD
CY2019Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
5600000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
46009000 USD
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
87954000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
108644000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
129779000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
923304000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
316608000 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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14343000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12692000 shares
CY2019Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
4000 USD
CY2018Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 USD
CY2019Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2442000 USD
CY2018Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2138000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
925750000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
318746000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-1642000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-484000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1158000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-590000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1631000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1041000 USD

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