2021 Form 10-K Financial Statement

#000117867022000013 Filed on February 10, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $844.3M $163.6M $492.9M
YoY Change 71.31% 128.18% 124.28%
Cost Of Revenue $115.0M $23.00M $74.19M
YoY Change 55.02% 88.52% 196.01%
Gross Profit $729.3M $140.5M $418.7M
YoY Change 74.19% 136.13% 115.05%
Gross Profit Margin 86.38% 85.9% 84.95%
Selling, General & Admin $620.6M $166.3M $588.4M
YoY Change 5.48% 6.4% 22.84%
% of Gross Profit 85.1% 118.36% 140.55%
Research & Development $792.2M $168.5M $654.8M
YoY Change 20.97% -16.29% -0.05%
% of Gross Profit 108.62% 119.93% 156.41%
Depreciation & Amortization $36.80M $10.40M $30.20M
YoY Change 21.85% 89.09% 81.93%
% of Gross Profit 5.05% 7.4% 7.21%
Operating Expenses $1.413B $334.8M $1.243B
YoY Change 13.64% -6.38% 9.62%
Operating Profit -$708.7M -$194.3M -$828.4M
YoY Change -14.46% -34.82% -11.81%
Interest Expense $143.0M -$27.40M $84.50M
YoY Change 69.26% -475.34%
% of Operating Profit
Other Income/Expense, Net -$143.5M -$22.00M -$27.16M
YoY Change 428.28% -254.93% -150.13%
Pretax Income -$852.1M -$243.6M -$855.6M
YoY Change -0.4% -11.93% -3.35%
Income Tax $700.0K -$100.0K $2.681M
% Of Pretax Income
Net Earnings -$852.8M -$243.5M -$858.3M
YoY Change -0.64% -11.82% -3.14%
Net Earnings / Revenue -101.01% -148.9% -174.15%
Basic Earnings Per Share -$7.20 -$7.46
Diluted Earnings Per Share -$7.20 -$2.094M -$7.46
COMMON SHARES
Basic Shares Outstanding 118.5M shares 116.2M shares 115.0M shares
Diluted Shares Outstanding 118.5M shares 115.0M shares

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.436B $1.830B $1.874B
YoY Change 29.94% 20.21% 22.02%
Cash & Equivalents $820.0M $496.6M $496.6M
Short-Term Investments $1.616B $1.333B $1.378B
Other Short-Term Assets $88.08M $62.80M $62.80M
YoY Change 40.25% -21.79% -21.79%
Inventory $86.36M $75.20M $75.20M
Prepaid Expenses
Receivables $125.3M $102.4M $68.90M
Other Receivables $73.27M $533.5M $533.5M
Total Short-Term Assets $2.809B $2.615B $2.615B
YoY Change 7.41% 52.39% 52.39%
LONG-TERM ASSETS
Property, Plant & Equipment $733.6M $465.0M $706.5M
YoY Change 3.84% 9.37% 9.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $101.1M $45.05M $85.80M
YoY Change 17.83% 149.29% 160.79%
Total Long-Term Assets $834.7M $792.3M $792.3M
YoY Change 5.36% 16.64% 16.65%
TOTAL ASSETS
Total Short-Term Assets $2.809B $2.615B $2.615B
Total Long-Term Assets $834.7M $792.3M $792.3M
Total Assets $3.643B $3.407B $3.407B
YoY Change 6.93% 42.25% 42.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $73.43M $51.97M $52.00M
YoY Change 41.2% 4.17% 4.21%
Accrued Expenses $435.7M $355.9M $392.8M
YoY Change 10.93% 80.48% 74.66%
Deferred Revenue $127.2M
YoY Change 63.46%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $695.7M $585.3M $585.3M
YoY Change 18.86% 65.99% 66.0%
LONG-TERM LIABILITIES
Long-Term Debt $675.7M $191.3M $191.3M
YoY Change 253.21%
Other Long-Term Liabilities $1.684B $37.91M $1.614B
YoY Change 4.3% 306.3% 167.36%
Total Long-Term Liabilities $2.359B $37.91M $1.806B
YoY Change 30.67% 306.3% 199.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $695.7M $585.3M $585.3M
Total Long-Term Liabilities $2.359B $37.91M $1.806B
Total Liabilities $3.055B $2.391B $2.391B
YoY Change 27.79% 149.97% 149.98%
SHAREHOLDERS EQUITY
Retained Earnings -$4.585B
YoY Change 23.03%
Common Stock $5.645B
YoY Change 8.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $588.2M $1.016B $1.016B
YoY Change
Total Liabilities & Shareholders Equity $3.643B $3.407B $3.407B
YoY Change 6.93% 42.25% 42.25%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income -$852.8M -$243.5M -$858.3M
YoY Change -0.64% -11.82% -3.14%
Depreciation, Depletion And Amortization $36.80M $10.40M $30.20M
YoY Change 21.85% 89.09% 81.93%
Cash From Operating Activities -$641.7M -$123.2M -$615.0M
YoY Change 4.35% -37.14% 120.87%
INVESTING ACTIVITIES
Capital Expenditures $76.37M -$21.70M $70.36M
YoY Change 8.54% -44.07% -49.8%
Acquisitions
YoY Change
Other Investing Activities $4.198M -$76.30M $5.300M
YoY Change -20.79% -58.08% -24.29%
Cash From Investing Activities -$273.3M -$97.90M -$435.5M
YoY Change -37.25% -55.68% 4.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.247B 218.0M $995.0M
YoY Change 25.34% 439.6% 20.87%
NET CHANGE
Cash From Operating Activities -$641.7M -123.2M -$615.0M
Cash From Investing Activities -$273.3M -97.90M -$435.5M
Cash From Financing Activities $1.247B 218.0M $995.0M
Net Change In Cash $323.1M -3.100M -$50.58M
YoY Change -738.78% -99.18% -139.83%
FREE CASH FLOW
Cash From Operating Activities -$641.7M -$123.2M -$615.0M
Capital Expenditures $76.37M -$21.70M $70.36M
Free Cash Flow -$718.1M -$101.5M -$685.3M
YoY Change 4.78% -35.43% 63.72%

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CY2020 us-gaap Proceeds From Derivative Instrument Financing Activities
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CY2019 us-gaap Proceeds From Derivative Instrument Financing Activities
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CY2021 us-gaap Proceeds From Issuance Of Secured Debt
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CY2019 us-gaap Proceeds From Issuance Of Secured Debt
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CY2021 us-gaap Proceeds From Issuance Of Private Placement
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CY2019 us-gaap Proceeds From Issuance Of Private Placement
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CY2019 alny Payments For Transaction Costs Related To Sale Of Future Royalties And Debt
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Interest Paid Net
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CY2019 us-gaap Interest Paid Net
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CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021 alny Liability Related To Sale Of Future Royalties
LiabilityRelatedToSaleOfFutureRoyalties
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CY2020 alny Liability Related To Sale Of Future Royalties
LiabilityRelatedToSaleOfFutureRoyalties
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CY2019 alny Liability Related To Sale Of Future Royalties
LiabilityRelatedToSaleOfFutureRoyalties
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CY2021 us-gaap Nature Of Operations
NatureOfOperations
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 ribonucleic acid 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="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 early 2021, we launched our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Alnylam P</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-style:italic;font-weight:400;line-height:115%;position:relative;top:-3.5pt;vertical-align:baseline">5</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">x25 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">strategy, which focuses on our planned transition to a top five biotech company by the end of 2025. With </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Alnylam P</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-style:italic;font-weight:400;line-height:115%;position:relative;top:-3.5pt;vertical-align:baseline">5</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">x25</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">, we aim to deliver transformative rare and prevalent disease medicines for patients around the world through sustainable innovation, delivering exceptional financial performance and driving profitability.</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%">As of December 31, 2021, we have four products that have received marketing approval, including one partnered product, and five late-stage investigational programs advancing towards potential commercialization. We currently generate worldwide product revenues from three commercialized products, ONPATTRO, GIVLAARI and OXLUMO, primarily in the United States, or U.S., Europe and Japan.</span></div>
CY2021Q4 alny Number Of Products With Marketing Approval
NumberOfProductsWithMarketingApproval
4 product
CY2021Q4 alny Number Of Partnered Products
NumberOfPartneredProducts
1 product
CY2021Q4 alny Number Of Clinical Programs In Late Stages
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5 program
CY2021Q4 alny Number Of Commercialized Products
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3 product
CY2021 us-gaap Use Of Estimates
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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%">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 ongoing 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>
CY2021 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 primarily consist of cash, cash equivalents and marketable securities. As of December 31, 2021 and 2020, 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 </span></div>include foreign bonds denominated in U.S. dollars. Investments are restricted, in accordance with our investment policy, to a concentration limit per issuer.
CY2021 alny Investments Classified As Cash And Cash Equivalent Original Maturities
InvestmentsClassifiedAsCashAndCashEquivalentOriginalMaturities
P90D
CY2021 alny Investment Maturity Period Minimum
InvestmentMaturityPeriodMinimum
P90D
CY2020Q4 alny Capitalized Inventory
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CY2021 us-gaap Depreciation
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36800000 USD
CY2020 us-gaap Depreciation
Depreciation
30200000 USD
CY2019 us-gaap Depreciation
Depreciation
16600000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Net
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CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2020Q4 us-gaap Employee Related Liabilities Current
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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11225000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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12852000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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13818000 shares
CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
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95107000 USD
CY2021 alny Valuation Allowances And Reserves Provision Related To Current Period Sales
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CY2021 alny Valuation Allowances And Reserves Sales Credit Payment Current
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87928000 USD
CY2019Q1 us-gaap Payments Of Stock Issuance Costs
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5600000 USD
CY2021 alny Valuation Allowances And Reserves Sales Credit Payment Prior
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CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
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CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
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CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2020Q4 us-gaap Contract With Customer Liability
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CY2021 us-gaap Contract With Customer Liability Revenue Recognized
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CY2020 us-gaap Contract With Customer Liability Revenue Recognized
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54400000 USD
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CY2021Q4 us-gaap Inventory Raw Materials
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CY2020Q4 us-gaap Inventory Raw Materials
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CY2021Q4 us-gaap Inventory Work In Process
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CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2020Q4 alny Accrued Licensing And Collaboration Agreements
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11501000 USD
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46151000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
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49587000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
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CY2020Q4 us-gaap Accrued Liabilities Current
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CY2021Q4 us-gaap Preferred Stock Shares Outstanding
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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2178000 USD
CY2021Q4 us-gaap Restricted Cash Current
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2178000 USD
CY2020Q4 us-gaap Restricted Cash Current
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CY2019Q4 us-gaap Restricted Cash Current
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q4 us-gaap Available For Sale Securities Debt Securities
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463000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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115000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
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CY2019Q1 us-gaap Stock Issued During Period Value New Issues
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CY2020Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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20000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Current
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CY2020Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
1333182000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1603615000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
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LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2021Q4 us-gaap Operating Lease Liability
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CY2021Q4 us-gaap Preferred Stock Shares Issued
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CY2021 us-gaap Allocated Share Based Compensation Expense
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CY2019 us-gaap Allocated Share Based Compensation Expense
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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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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CurrentFederalTaxExpenseBenefit
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CurrentForeignTaxExpenseBenefit
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CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2838000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
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CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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CY2020Q4 us-gaap Deferred Tax Assets Deferred Income
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CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.022
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2021 alny Effective Income Tax Rate Reconciliation Transfer Of Intellectual Property Percent
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CY2020 alny Effective Income Tax Rate Reconciliation Transfer Of Intellectual Property Percent
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0.123
CY2019 alny Effective Income Tax Rate Reconciliation Transfer Of Intellectual Property Percent
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0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2021 alny Effective Income Tax Rate Reconciliation Revaluation Of Deferred Credits Due To Rate Change
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CY2020 alny Effective Income Tax Rate Reconciliation Revaluation Of Deferred Credits Due To Rate Change
EffectiveIncomeTaxRateReconciliationRevaluationOfDeferredCreditsDueToRateChange
0
CY2019 alny Effective Income Tax Rate Reconciliation Revaluation Of Deferred Credits Due To Rate Change
EffectiveIncomeTaxRateReconciliationRevaluationOfDeferredCreditsDueToRateChange
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.538
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.359
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.210
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.003
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
459300000 USD
CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
303700000 USD
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
185900000 USD

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