2020 Q4 Form 10-K Financial Statement

#000117867021000010 Filed on February 11, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019 Q3
Revenue $163.6M $71.68M $70.06M
YoY Change 128.18% 240.8% 3286.23%
Cost Of Revenue $23.00M $12.20M $5.213M
YoY Change 88.52% 617.65% 3705.11%
Gross Profit $140.5M $59.50M $64.85M
YoY Change 136.13% 206.7% 3256.52%
Gross Profit Margin 85.9% 83.01% 92.56%
Selling, General & Admin $166.3M $156.3M $120.4M
YoY Change 6.4% 43.79% 3.27%
% of Gross Profit 118.36% 262.69% 185.59%
Research & Development $168.5M $201.3M $160.8M
YoY Change -16.29% 53.66% 14.9%
% of Gross Profit 119.93% 338.32% 247.96%
Depreciation & Amortization $10.40M $5.500M -$10.30M
YoY Change 89.09% -339.13% -412.12%
% of Gross Profit 7.4% 9.24% -15.88%
Operating Expenses $334.8M $357.6M $281.1M
YoY Change -6.38% 49.19% 9.61%
Operating Profit -$194.3M -$298.1M -$216.3M
YoY Change -34.82% 35.32% -15.03%
Interest Expense -$27.40M $7.300M $0.00
YoY Change -475.34% -31.13% -100.0%
% of Operating Profit
Other Income/Expense, Net -$22.00M $14.20M $7.370M
YoY Change -254.93% -1192.31% -24.18%
Pretax Income -$243.6M -$276.6M -$208.9M
YoY Change -11.93% 31.03% -14.67%
Income Tax -$100.0K -$400.0K -$394.0K
% Of Pretax Income
Net Earnings -$243.5M -$276.2M -$208.5M
YoY Change -11.82% 30.62% -14.98%
Net Earnings / Revenue -148.9% -385.3% -297.65%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.094M -$2.470M -$1.918M
COMMON SHARES
Basic Shares Outstanding 116.2M shares 111.5M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.830B $1.522B $1.721B
YoY Change 20.21% 40.56% 40.86%
Cash & Equivalents $496.6M $547.2M $923.3M
Short-Term Investments $1.333B $975.0M $797.8M
Other Short-Term Assets $62.80M $80.30M $73.50M
YoY Change -21.79% 8.96% -19.05%
Inventory $75.20M $56.35M $54.56M
Prepaid Expenses
Receivables $102.4M $43.01M $48.11M
Other Receivables $533.5M $0.00 $0.00
Total Short-Term Assets $2.615B $1.716B $1.897B
YoY Change 52.39% 42.91% 41.36%
LONG-TERM ASSETS
Property, Plant & Equipment $465.0M $425.2M $396.5M
YoY Change 9.37% 32.6% 45.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $45.05M $18.07M $9.632M
YoY Change 149.29% 109.54% -84.18%
Total Long-Term Assets $792.3M $679.3M $644.4M
YoY Change 16.64% 81.57% 93.16%
TOTAL ASSETS
Total Short-Term Assets $2.615B $1.716B $1.897B
Total Long-Term Assets $792.3M $679.3M $644.4M
Total Assets $3.407B $2.395B $2.542B
YoY Change 42.25% 52.09% 51.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.97M $49.88M $39.39M
YoY Change 4.17% -16.45% 80.7%
Accrued Expenses $355.9M $197.2M $177.9M
YoY Change 80.48% 74.95% 90.12%
Deferred Revenue $127.2M $77.82M $107.4M
YoY Change 63.46% 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 $585.3M $352.6M $352.9M
YoY Change 65.99% 96.44% 190.42%
LONG-TERM LIABILITIES
Long-Term Debt $191.3M $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $37.91M $9.330M $9.036M
YoY Change 306.3% 87.92% -80.36%
Total Long-Term Liabilities $37.91M $9.330M $9.036M
YoY Change 306.3% 87.92% -88.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $585.3M $352.6M $352.9M
Total Long-Term Liabilities $37.91M $9.330M $9.036M
Total Liabilities $2.391B $956.4M $934.5M
YoY Change 149.97% 250.55% 373.18%
SHAREHOLDERS EQUITY
Retained Earnings -$4.585B -$3.727B -$3.451B
YoY Change 23.03% 31.19%
Common Stock $5.645B $5.202B $5.092B
YoY Change 8.51% 24.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.016B $1.439B $1.607B
YoY Change
Total Liabilities & Shareholders Equity $3.407B $2.395B $2.542B
YoY Change 42.25% 52.09% 51.68%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$243.5M -$276.2M -$208.5M
YoY Change -11.82% 30.62% -14.98%
Depreciation, Depletion And Amortization $10.40M $5.500M -$10.30M
YoY Change 89.09% -339.13% -412.12%
Cash From Operating Activities -$123.2M -$196.0M -$182.6M
YoY Change -37.14% 30.32% 18.73%
INVESTING ACTIVITIES
Capital Expenditures -$21.70M -$38.80M -$36.10M
YoY Change -44.07% 3.47% -20.48%
Acquisitions
YoY Change
Other Investing Activities -$76.30M -$182.0M $26.00M
YoY Change -58.08% -163.55% -81.64%
Cash From Investing Activities -$97.90M -$220.9M -$10.00M
YoY Change -55.68% -188.75% -110.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 218.0M 40.40M -20.70M
YoY Change 439.6% 648.15% -259.23%
NET CHANGE
Cash From Operating Activities -123.2M -196.0M -182.6M
Cash From Investing Activities -97.90M -220.9M -10.00M
Cash From Financing Activities 218.0M 40.40M -20.70M
Net Change In Cash -3.100M -376.5M -213.3M
YoY Change -99.18% -462.37% 378.25%
FREE CASH FLOW
Cash From Operating Activities -$123.2M -$196.0M -$182.6M
Capital Expenditures -$21.70M -$38.80M -$36.10M
Free Cash Flow -$101.5M -$157.2M -$146.5M
YoY Change -35.43% 39.24% 35.15%

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CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2020 alny Liability Related To Sale Of Future Royalties
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CY2019 alny Liability Related To Sale Of Future Royalties
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CY2018 alny Liability Related To Sale Of Future Royalties
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CY2020 us-gaap Nature Of Operations
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NATURE OF BUSINESS<div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="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 commercial efforts, acquiring, filing and expanding intellectual property rights, recruiting management and technical staff, and raising capital. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="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="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%"> </span><span style="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., and also received marketing authorization for ONPATTRO from the European Commission, or EC. As of December 31, 2020, we have launched ONPATTRO in the U.S., Europe, Japan, Canada and several additional countries. In the fourth quarter of 2019, we received approval for GIVLAARI from the FDA and began commercializing and generating product revenues in the U.S. In 2020, we obtained additional regulatory approval from the EC for GIVLAARI and expanded into European and other markets. In the fourth quarter of 2020, we received regulatory approval from the FDA and EC for OXLUMO and began recording net product revenues subsequent to commercial launch. Regulatory filings in additional markets are pending or planned for 2021 and beyond for each of our commercial products.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">In 2020, we entered into a broad strategic financing collaboration with The Blackstone Group Inc. and certain of its affiliates which includes a purchase and sale agreement, a credit agreement, a funding agreement for the clinical development of vutrisiran and ALN-AGT and a stock purchase agreement, under which The Blackstone Group Inc. and certain of its affiliates will provide up to $2.00 billion to support our advancement of innovative RNAi therapeutics. Each executed agreement is a separate unit of account and was recorded at fair value. Please read Note 5, Note 7, Note 8 and Note 13, respectively, for additional information regarding each executed agreement set forth above.</span></div>
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt;text-align:justify;text-indent:9pt"><span style="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="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="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, we use estimates and assumptions related to our inventory valuation and related reserves, liability related to the sale of future royalties, development derivative liability, 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><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The full extent to which the COVID-19 pandemic will directly or indirectly impact our business, results of operations and financial condition, including sales, expenses, reserves and allowances, the supply of our products and product candidates, clinical trials and research and development costs, will depend on future developments that are highly uncertain, including as a result of new information that may emerge concerning COVID-19 and variants thereof, and the actions taken to contain or treat it or vaccinate against it, as well as the economic impact on local, regional, national and international customers and markets. We have made estimates of the impact of COVID-19 within our financial statements and there may be changes to those estimates in future periods. Actual results may differ from these estimates.</span></div>
CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:6pt;text-align:justify;text-indent:9pt"><span style="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="margin-top:6pt;text-indent:18pt"><span style="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>
CY2020 us-gaap Concentration Risk Credit Risk
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<div style="margin-top:6pt;text-align:justify;text-indent:9pt"><span style="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="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="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 securities. As of December 31, 2020 and 2019, substantially all of our cash, cash equivalents and marketable 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>
CY2020 alny Investments Classified As Cash And Cash Equivalent Original Maturities
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CY2020 alny Investment Maturity Period Minimum
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CY2020 us-gaap Depreciation
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Depreciation
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CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
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CY2019 alny Valuation Allowances And Reserves Provision Related To Current Period Sales
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CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
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CY2019Q4 us-gaap Accounts Receivable Net
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CY2020Q4 us-gaap Contract With Customer Liability
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15418000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
153117000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
54400000 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4000000.0 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2900000 USD
CY2020Q4 us-gaap Inventory Raw Materials
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63460000 USD
CY2020Q4 us-gaap Inventory Work In Process
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16149000 USD
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
38275000 USD
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12693000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2655000 USD
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InventoryCurrentAndNoncurrent
92302000 USD
CY2019Q4 alny Inventory Current And Noncurrent
InventoryCurrentAndNoncurrent
56348000 USD
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CapitalizedInventory
0 USD
CY2020Q4 alny Capitalized Inventory
CapitalizedInventory
0 USD
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CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
104347000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
76158000 USD
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465029000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
425179000 USD
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97433000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
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68304000 USD
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94242000 USD
CY2019Q4 alny Accrued Product Rebates And Discounts
AccruedProductRebatesAndDiscounts
32670000 USD
CY2020Q4 alny Accrued Pre Clinical Clinical Trial And Manufacturing Current
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46506000 USD
CY2019Q4 alny Accrued Pre Clinical Clinical Trial And Manufacturing Current
AccruedPreClinicalClinicalTrialAndManufacturingCurrent
34269000 USD
CY2020Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
41216000 USD
CY2019Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 USD
CY2020Q4 alny Accrued Licensing And Collaboration Agreements
AccruedLicensingAndCollaborationAgreements
15424000 USD
CY2019Q4 alny Accrued Licensing And Collaboration Agreements
AccruedLicensingAndCollaborationAgreements
20622000 USD
CY2020Q4 us-gaap Accrued Professional Fees Current
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11501000 USD
CY2019Q4 us-gaap Accrued Professional Fees Current
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14251000 USD
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49587000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
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27085000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
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355909000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
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197201000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
496580000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
496580000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
547178000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
420146000 USD
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
2466000 USD
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
2466000 USD
CY2019Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
2450000 USD
CY2018Q4 us-gaap Restricted Cash Current
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2485000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
499046000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
549628000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
422631000 USD
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CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2020 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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1352834000 USD
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463000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
115000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1353182000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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1315012000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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246000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
109000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1315149000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
20000000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
340132000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
1333182000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
975017000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1353182000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1315149000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
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CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
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CY2018 us-gaap Operating Lease Expense
OperatingLeaseExpense
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CY2019 us-gaap Variable Lease Cost
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CY2019 us-gaap Lease Cost
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CY2019 us-gaap Operating Lease Payments
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33700000 USD
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P12Y
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P13Y
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OperatingLeaseWeightedAverageDiscountRatePercent
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38593000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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46392000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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43764000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
42918000 USD
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41190000 USD
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323473000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
536330000 USD
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206419000 USD
CY2020Q4 us-gaap Operating Lease Liability
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329911000 USD
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36872000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
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293039000 USD
CY2020Q4 us-gaap Operating Lease Liability
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329911000 USD
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5000000 shares
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0.01
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2019Q1 us-gaap Stock Issued During Period Shares New Issues
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CY2019Q1 us-gaap Stock Issued During Period Value New Issues
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CY2019Q1 us-gaap Payments Of Stock Issuance Costs
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5600000 USD
CY2020Q4 alny Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Shares Of Common Stock Reserved For Future Issuance Under Stock Options
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsSharesOfCommonStockReservedForFutureIssuanceUnderStockOptions
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CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2020 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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571000 USD
CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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3403000 USD
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CY2020 us-gaap Allocated Share Based Compensation Expense
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139873000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
174841000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
157752000 USD
CY2017Q2 alny Employee Stock Purchase Plan Offered Period
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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
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-287651000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-855600000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
61000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-394000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
5837000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3232000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1611000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5898000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2838000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1611000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
393000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
394000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3610000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-2369000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2681000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
863000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
823000 USD
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DeferredTaxAssetsOperatingLossCarryforwards
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CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
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261616000 USD
CY2020Q4 alny Deferred Tax Assets Sale Of Future Royalties
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259014000 USD
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CY2020Q4 alny Deferred Tax Assets Leasing Arrangement
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0 USD
CY2019Q4 us-gaap Deferred Tax Assets Deferred Income
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0 USD
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67530000 USD
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75058000 USD
CY2020Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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148168000 USD
CY2019Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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66615000 USD
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32725000 USD
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13660000 USD
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10077000 USD
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3932000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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50294000 USD
CY2020Q4 alny Deferred Tax Liabilities Change In Accounting Method Adjustment
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71812000 USD
CY2019Q4 alny Deferred Tax Liabilities Change In Accounting Method Adjustment
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CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
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6517000 USD
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
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CY2020 alny Effective Income Tax Rate Reconciliation Transfer Of Intellectual Property Percent
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CY2019 alny Effective Income Tax Rate Reconciliation Transfer Of Intellectual Property Percent
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0
CY2018 alny Effective Income Tax Rate Reconciliation Transfer Of Intellectual Property Percent
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0
CY2020 alny Effective Income Tax Rate Reconciliation Revaluation Of Deferred Credits Due To Rate Change
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0
CY2019 alny Effective Income Tax Rate Reconciliation Revaluation Of Deferred Credits Due To Rate Change
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0
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CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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0
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
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303700000 USD
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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185900000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
171800000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2700000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
5800000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3600000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
99476000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
103962000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
125853000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
163562000 USD
CY2020Q2 us-gaap Costs And Expenses
CostsAndExpenses
302821000 USD
CY2020Q3 us-gaap Costs And Expenses
CostsAndExpenses
351052000 USD
CY2020Q4 us-gaap Costs And Expenses
CostsAndExpenses
357784000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-182221000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-179229000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-253291000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-243540000 USD
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.62
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.56
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.18
CY2020Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.09
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
112748000 shares
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
114911000 shares
CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
115986000 shares
CY2020Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
116274000 shares
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33294000 USD
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.47
CY2019Q4 us-gaap Costs And Expenses
CostsAndExpenses
369754000 USD
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.92
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
44714000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
70061000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
71681000 USD
CY2019Q1 us-gaap Costs And Expenses
CostsAndExpenses
222082000 USD
CY2019Q2 us-gaap Costs And Expenses
CostsAndExpenses
280985000 USD
CY2019Q3 us-gaap Costs And Expenses
CostsAndExpenses
286360000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-181915000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-219481000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-208535000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
-276185000 USD
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.73
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.02
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

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