2020 Q1 Form 10-K Financial Statement

#000117867020000004 Filed on February 13, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2018 Q4
Revenue $99.48M $71.68M $21.03M
YoY Change 198.78% 240.8% -44.54%
Cost Of Revenue $13.30M $12.20M $1.700M
YoY Change 297.43% 617.65%
Gross Profit $86.17M $59.50M $19.40M
YoY Change 187.76% 206.7%
Gross Profit Margin 86.63% 83.01% 92.24%
Selling, General & Admin $126.8M $156.3M $108.7M
YoY Change 41.46% 43.79% 61.04%
% of Gross Profit 147.1% 262.69% 560.31%
Research & Development $169.6M $201.3M $131.0M
YoY Change 31.32% 53.66% 11.21%
% of Gross Profit 196.78% 338.32% 675.26%
Depreciation & Amortization $7.600M $5.500M -$2.300M
YoY Change -37.7% -339.13% -162.16%
% of Gross Profit 8.82% 9.24% -11.86%
Operating Expenses $296.3M $357.6M $239.7M
YoY Change 35.48% 49.19% 29.41%
Operating Profit -$210.2M -$298.1M -$220.3M
YoY Change 11.32% 35.32%
Interest Expense $0.00 $7.300M $10.60M
YoY Change -100.0% -31.13% 152.38%
% of Operating Profit
Other Income/Expense, Net $28.51M $14.20M -$1.300M
YoY Change 276.74% -1192.31% -262.5%
Pretax Income -$181.6M -$276.6M -$211.1M
YoY Change 0.24% 31.03% 48.45%
Income Tax $575.0K -$400.0K $400.0K
% Of Pretax Income
Net Earnings -$182.2M -$276.2M -$211.4M
YoY Change 0.17% 30.62% 48.66%
Net Earnings / Revenue -183.18% -385.3% -1005.28%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.617M -$2.470M -$2.091M
COMMON SHARES
Basic Shares Outstanding 112.6M shares 111.5M shares 101.0M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.304B $1.522B $1.083B
YoY Change 4.79% 40.56% -35.94%
Cash & Equivalents $467.8M $547.2M $420.1M
Short-Term Investments $836.3M $975.0M $662.8M
Other Short-Term Assets $98.70M $80.30M $73.70M
YoY Change 20.81% 8.96% 83.79%
Inventory $68.30M $56.35M $24.07M
Prepaid Expenses
Receivables $75.57M $43.01M $18.76M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.585B $1.716B $1.201B
YoY Change 13.85% 42.91% -31.96%
LONG-TERM ASSETS
Property, Plant & Equipment $429.8M $425.2M $320.7M
YoY Change -24.34% 32.6% 76.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $19.03M $18.07M $8.623M
YoY Change -64.69% 109.54% 106.74%
Total Long-Term Assets $694.9M $679.3M $374.1M
YoY Change 11.71% 81.57% 62.66%
TOTAL ASSETS
Total Short-Term Assets $1.585B $1.716B $1.201B
Total Long-Term Assets $694.9M $679.3M $374.1M
Total Assets $2.280B $2.395B $1.575B
YoY Change 13.19% 52.09% -21.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.48M $49.88M $59.71M
YoY Change 78.34% -16.45% 110.57%
Accrued Expenses $183.2M $197.2M $112.7M
YoY Change 47.88% 74.95% 56.11%
Deferred Revenue $86.04M $77.82M $3.496M
YoY Change 2126.0% -91.62%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $338.8M $352.6M $179.5M
YoY Change 127.07% 96.44% 24.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $30.00M
YoY Change -100.0% -100.0% 0.0%
Other Long-Term Liabilities $9.198M $9.330M $4.965M
YoY Change -96.81% 87.92% 14.22%
Total Long-Term Liabilities $9.198M $9.330M $4.965M
YoY Change -97.11% 87.92% 14.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $338.8M $352.6M $179.5M
Total Long-Term Liabilities $9.198M $9.330M $4.965M
Total Liabilities $929.9M $956.4M $272.8M
YoY Change 99.12% 250.55% 19.51%
SHAREHOLDERS EQUITY
Retained Earnings -$3.909B -$3.727B -$2.841B
YoY Change 31.19% 32.28%
Common Stock $5.291B $5.202B $4.176B
YoY Change 24.57% 5.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.350B $1.439B $1.302B
YoY Change
Total Liabilities & Shareholders Equity $2.280B $2.395B $1.575B
YoY Change 13.19% 52.09% -21.05%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income -$182.2M -$276.2M -$211.4M
YoY Change 0.17% 30.62% 48.66%
Depreciation, Depletion And Amortization $7.600M $5.500M -$2.300M
YoY Change -37.7% -339.13% -162.16%
Cash From Operating Activities -$246.2M -$196.0M -$150.4M
YoY Change 30.58% 30.32% 45.88%
INVESTING ACTIVITIES
Capital Expenditures $19.62M -$38.80M -$37.50M
YoY Change -55.47% 3.47% 81.16%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$182.0M $286.4M
YoY Change -100.0% -163.55% -304.72%
Cash From Investing Activities $113.7M -$220.9M $248.9M
YoY Change 10.75% -188.75% -254.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $53.87M 40.40M 5.400M
YoY Change -86.22% 648.15% -99.24%
NET CHANGE
Cash From Operating Activities -$246.2M -196.0M -150.4M
Cash From Investing Activities $113.7M -220.9M 248.9M
Cash From Financing Activities $53.87M 40.40M 5.400M
Net Change In Cash -$79.24M -376.5M 103.9M
YoY Change -125.97% -462.37% -76.56%
FREE CASH FLOW
Cash From Operating Activities -$246.2M -$196.0M -$150.4M
Capital Expenditures $19.62M -$38.80M -$37.50M
Free Cash Flow -$265.8M -$157.2M -$112.9M
YoY Change 14.28% 39.24% 37.01%

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CY2017 us-gaap Increase Decrease In Inventories
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CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2019 us-gaap Increase Decrease In Contract With Customer Liability
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CY2018 us-gaap Increase Decrease In Contract With Customer Liability
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CY2017 us-gaap Increase Decrease In Contract With Customer Liability
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CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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CY2017 us-gaap Payments To Acquire Restricted Investments
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CY2019 us-gaap Proceeds From Sale Of Restricted Investments
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CY2018 us-gaap Proceeds From Sale Of Restricted Investments
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CY2017 us-gaap Proceeds From Sale Of Restricted Investments
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CY2018 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2017 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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CY2018 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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CY2017 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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CY2019 us-gaap Payments For Proceeds From Other Investing Activities
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CY2018 us-gaap Payments For Proceeds From Other Investing Activities
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CY2017 us-gaap Payments For Proceeds From Other Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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CY2018 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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CY2017 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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CY2019 us-gaap Proceeds From Issuance Of Common Stock
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CY2018 us-gaap Proceeds From Issuance Of Common Stock
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CY2017 us-gaap Proceeds From Issuance Of Common Stock
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CY2019 us-gaap Repayments Of Secured Debt
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CY2018 us-gaap Repayments Of Secured Debt
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CY2017 us-gaap Repayments Of Secured Debt
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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0 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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126997000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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451744000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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422631000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2019 us-gaap Interest Paid Net
InterestPaidNet
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CY2018 us-gaap Interest Paid Net
InterestPaidNet
775000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
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CY2019 us-gaap Income Taxes Paid
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CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
14876000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2019 us-gaap Nature Of Operations
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NATURE OF BUSINESS<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',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">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, global, commercial biopharmaceutical company with a deep and sustainable clinical pipeline of RNAi therapeutics for future growth and a robust, organic research engine for sustainable innovation and great potential for patient impact. 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. </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',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">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',sans-serif;font-size:9pt;font-weight:400;line-height:115%;"> </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">from the United States Food and Drug Administration, or FDA, and began commercializing and generating product revenues in the U.S. As of December 31, 2019, we have launched ONPATTRO in the U.S., Japan, Canada and in several countries in Europe. In November 2019, we received approval for GIVLAARI from the FDA and began commercializing and generating product revenues in the U.S. in December 2019. Regulatory filings in additional markets are pending or planned for 2020 and beyond for both commercial products.</span></div>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:9pt;text-align:justify;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%;">Use of Estimates</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',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America, or GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. In our consolidated financial statements, there are significant estimates and assumptions related to our inventory valuation and related reserves, income taxes, revenue recognition, research and development expenses, and stock-based compensation. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable. Actual results could differ from those estimates.</span></div>
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-indent:9pt;text-align:justify;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%;">Reclassification</span></div><div style="text-indent:18pt;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">Certain prior period amounts in the consolidated financial statements have been reclassified to conform to the current period presentation.</span></div>
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-indent:9pt;text-align:justify;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%;">Concentrations of Credit Risk and Significant Customers</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',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">Financial instruments that potentially expose us to concentrations of credit risk consist primarily of cash, cash equivalents and marketable debt securities. As of December 31, 2019 and 2018, substantially all of our cash, cash equivalents and marketable debt securities were invested in money market funds, certificates of deposit, commercial paper, corporate notes, U.S. government-sponsored enterprise securities and U.S. treasury securities through highly rated financial institutions. Corporate notes may also include foreign bonds denominated in U.S. dollars. Investments are restricted, in accordance with our investment policy, to a concentration limit per issuer.</span></div>
CY2019 alny Investments Classified As Cash And Cash Equivalent Original Maturities
InvestmentsClassifiedAsCashAndCashEquivalentOriginalMaturities
P90D
CY2019 alny Investment Maturity Period Minimum
InvestmentMaturityPeriodMinimum
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CY2019 us-gaap Depreciation
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16600000 USD
CY2018 us-gaap Depreciation
Depreciation
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CY2017 us-gaap Depreciation
Depreciation
11900000 USD
CY2018 us-gaap Net Income Loss
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-761497000 USD
CY2018 us-gaap Earnings Per Share Basic And Diluted
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CY2019 us-gaap Revenue Performance Obligation Description Of Returns And Other Similar Obligations
RevenuePerformanceObligationDescriptionOfReturnsAndOtherSimilarObligations
We offer customers product return rights if products are damaged, defective or expired, with “expired” defined as within three months pre- or post-expiry.
CY2019 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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13818000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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12609000 shares
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
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11388000 shares
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CY2017Q4 us-gaap Contract With Customer Liability Noncurrent
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CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2018Q4 us-gaap Contract With Customer Liability Noncurrent
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CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
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3980000 USD
CY2019 alny Valuation Allowances And Reserves Provision Related To Current Period Sales
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52706000 USD
CY2019 alny Valuation Allowances And Reserves Sales Credit Payment Current
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CY2019 alny Valuation Allowances And Reserves Sales Credit Payment Prior
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CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
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34875000 USD
CY2017Q4 us-gaap Valuation Allowances And Reserves Balance
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CY2018 alny Valuation Allowances And Reserves Provision Related To Current Period Sales
ValuationAllowancesAndReservesProvisionRelatedToCurrentPeriodSales
5030000 USD
CY2018 alny Valuation Allowances And Reserves Sales Credit Payment Current
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CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
3980000 USD
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
14929000 USD
CY2018Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
5625000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
153117000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3954000 USD
CY2017Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
16570000 USD
CY2018 alny Contract With Customer Liability Revenue Not Yet Recognized
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3954000 USD
CY2018 us-gaap Contract With Customer Liability Revenue Recognized
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16570000 USD
CY2018Q4 us-gaap Contract With Customer Liability
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3954000 USD
CY2019 alny Contract With Customer Liability Revenue Not Yet Recognized
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CY2019 us-gaap Contract With Customer Liability Revenue Recognized
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3954000 USD
CY2019Q4 us-gaap Contract With Customer Liability
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alny Increase Decrease In Transaction Price
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CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2900000 USD
CY2019Q4 us-gaap Inventory Raw Materials
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CY2018Q4 us-gaap Inventory Raw Materials
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8709000 USD
CY2019Q4 us-gaap Inventory Work In Process
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CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
15262000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2655000 USD
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
97000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
56348000 USD
CY2018Q4 us-gaap Inventory Net
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24068000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
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501337000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
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400143000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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76158000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
79485000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
425179000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
320658000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
37301000 USD
CY2019Q4 alny Accrued Pre Clinical Clinical Trial And Manufacturing Current
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CY2018Q4 alny Accrued Pre Clinical Clinical Trial And Manufacturing Current
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32205000 USD
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32670000 USD
CY2018Q4 alny Accrued Product Revenue Allowances Current
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2696000 USD
CY2019Q4 alny Accrued Licensing And Collaboration Agreements
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20622000 USD
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6433000 USD
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14251000 USD
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10450000 USD
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27085000 USD
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23634000 USD
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197201000 USD
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112719000 USD
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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547178000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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420146000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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645361000 USD
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4000 USD
CY2019Q4 us-gaap Restricted Cash Current
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4000 USD
CY2018Q4 us-gaap Restricted Cash Current
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225000 USD
CY2017Q4 us-gaap Restricted Cash Current
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0 USD
CY2019Q4 us-gaap Restricted Cash Noncurrent
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2446000 USD
CY2019Q4 us-gaap Restricted Cash Noncurrent
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2446000 USD
CY2018Q4 us-gaap Restricted Cash Noncurrent
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2260000 USD
CY2017Q4 us-gaap Restricted Cash Noncurrent
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1471000 USD
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549628000 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
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1220000 USD
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CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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0 USD
CY2019Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
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0 USD
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0 USD
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1315012000 USD
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246000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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109000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
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1315149000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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884505000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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1000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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422000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
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884084000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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340132000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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221281000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities Current
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975017000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities Current
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662803000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
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1315149000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
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884084000 USD
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52400000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
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40600000 USD
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36250000 USD
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18700000 USD
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38613000 USD
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15209000 USD
CY2019 us-gaap Lease Cost
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53822000 USD
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33700000 USD
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P13Y2M12D
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0.082
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29157000 USD
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37597000 USD
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37754000 USD
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784500000 USD
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35381000 USD
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356567000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
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225873000 USD
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3010000 USD
CY2019Q4 us-gaap Operating Lease Liability
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303823000 USD
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27688000 USD
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CY2019Q4 us-gaap Operating Lease Liability
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303823000 USD
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34826000 USD
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35270000 USD
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390455000 USD
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562015000 USD
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18400000 USD
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0 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2019Q1 us-gaap Stock Issued During Period Shares New Issues
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5000000 shares
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77.50
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
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381900000 USD
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5600000 USD
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6440000 shares
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125.00
CY2017Q2 us-gaap Stock Issued During Period Shares New Issues
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5000000 shares
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71.87
CY2017Q2 us-gaap Stock Issued During Period Value New Issues
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355200000 USD
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4200000 USD
CY2019Q4 alny Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Shares Of Common Stock Reserved For Future Issuance Under Stock Options
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsSharesOfCommonStockReservedForFutureIssuanceUnderStockOptions
18887759 shares
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CY2018 us-gaap Allocated Share Based Compensation Expense
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157752000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
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3403000 USD
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1424000 USD
CY2017 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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0 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
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174841000 USD
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0
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2018 us-gaap Allocated Share Based Compensation Expense
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157752000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
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92819000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
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0.014
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.026
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.027
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.029
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.019
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.023
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.61
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.67
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.63
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.66
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.64
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.67
CY2017Q2 alny Employee Stock Purchase Plan Offered Period
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-378293000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-288514000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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-112581000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-760674000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-490874000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
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CY2018 us-gaap Current Federal Tax Expense Benefit
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0 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
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0 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
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0 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3232000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
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1611000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2838000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1611000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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394000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
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0 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
863000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
823000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
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394000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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506574000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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261616000 USD
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220776000 USD
CY2017 us-gaap Income Tax Expense Benefit
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0 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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627466000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
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788000 USD
CY2019Q4 alny Deferred Tax Assets Leasing Arrangement
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69334000 USD
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0 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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75058000 USD
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57268000 USD
CY2019Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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66615000 USD
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62260000 USD
CY2019Q4 us-gaap Deferred Tax Assets Other
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13266000 USD
CY2018Q4 us-gaap Deferred Tax Assets Other
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20660000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.036
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.021
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1113749000 USD
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868326000 USD
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10077000 USD
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6550000 USD
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3932000 USD
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903000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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50294000 USD
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0 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
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1046013000 USD
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860085000 USD
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3433000 USD
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788000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.008
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.033
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.034
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.053
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.081
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2019 alny Effective Income Tax Rate Reconciliation Revaluation Of Deferred Credits Due To Rate Change
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0
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
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0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2018 alny Effective Income Tax Rate Reconciliation Revaluation Of Deferred Credits Due To Rate Change
EffectiveIncomeTaxRateReconciliationRevaluationOfDeferredCreditsDueToRateChange
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CY2017 alny Effective Income Tax Rate Reconciliation Revaluation Of Deferred Credits Due To Rate Change
EffectiveIncomeTaxRateReconciliationRevaluationOfDeferredCreditsDueToRateChange
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CY2017 us-gaap Effective Income Tax Rate Continuing Operations
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.079
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
171800000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
112900000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
900000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3200000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-2400000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
305000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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0 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
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CY2018Q4 us-gaap Unrecognized Tax Benefits
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0 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
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CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
105400000 shares
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
108576000 shares
CY2019Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
108701000 shares
CY2019Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
111750000 shares
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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21899000 USD
CY2018Q2 us-gaap Costs And Expenses
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CY2018Q1 us-gaap Costs And Expenses
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CY2018Q1 us-gaap Net Income Loss
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NetIncomeLoss
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CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2018Q4 us-gaap Net Income Loss
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CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
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CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
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CY2018Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
99979000 shares
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
100519000 shares
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
100783000 shares
CY2018Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
101066000 shares

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