2024 Q1 Form 10-K Financial Statement

#000117867024000008 Filed on February 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $494.3M $439.7M $1.828B
YoY Change 54.82% 31.25% 76.23%
Cost Of Revenue $54.61M $85.86M $268.2M
YoY Change 31.81% 67.48% 91.35%
Gross Profit $439.7M $353.9M $1.560B
YoY Change 58.25% 24.7% 73.87%
Gross Profit Margin 88.95% 80.47% 85.33%
Selling, General & Admin $210.8M $198.1M $795.6M
YoY Change 14.78% -5.81% 3.24%
% of Gross Profit 47.94% 55.99% 51.0%
Research & Development $261.0M $272.1M $1.004B
YoY Change 13.2% 3.86% 13.75%
% of Gross Profit 59.35% 76.91% 64.38%
Depreciation & Amortization $13.52M $13.45M $51.60M
YoY Change -3.9% -5.99% 31.97%
% of Gross Profit 3.07% 3.8% 3.31%
Operating Expenses $471.8M $470.3M $1.800B
YoY Change 13.9% -0.45% 8.85%
Operating Profit -$43.44M -$116.4M -$282.2M
YoY Change -71.01% -38.28% -64.06%
Interest Expense $35.25M -$23.27M $121.2M
YoY Change 21.75% -29.33% -22.28%
% of Operating Profit
Other Income/Expense, Net -$20.15M $1.984M -$151.3M
YoY Change -10.65% -86.33% -55.74%
Pretax Income -$63.59M -$137.7M -$433.5M
YoY Change -63.11% -33.49% -61.53%
Income Tax $2.348M $183.0K $6.700M
% Of Pretax Income
Net Earnings -$65.94M -$137.9M -$440.2M
YoY Change -62.13% -33.55% -61.08%
Net Earnings / Revenue -13.34% -31.35% -24.08%
Basic Earnings Per Share -$0.52 -$3.52
Diluted Earnings Per Share -$0.52 -$1.10 -$3.52
COMMON SHARES
Basic Shares Outstanding 125.9M shares 125.5M shares 124.9M shares
Diluted Shares Outstanding 126.1M shares 124.9M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.360B $2.428B $2.439B
YoY Change 15.41% 12.19% 11.27%
Cash & Equivalents $681.9M $812.7M $812.7M
Short-Term Investments $1.678B $1.616B $1.627B
Other Short-Term Assets $137.0M $126.4M $126.4M
YoY Change 15.06% -4.92% -4.92%
Inventory $93.99M $89.15M $89.15M
Prepaid Expenses
Receivables $321.4M $327.8M $228.2M
Other Receivables $240.0M $99.58M $99.58M
Total Short-Term Assets $2.989B $2.983B $2.983B
YoY Change 17.61% 10.79% 10.79%
LONG-TERM ASSETS
Property, Plant & Equipment $523.5M $526.1M $725.8M
YoY Change 0.08% 0.49% -1.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $67.46M $72.00M $121.4M
YoY Change 6.32% 8.94% 5.12%
Total Long-Term Assets $835.8M $847.2M $847.2M
YoY Change -1.78% -0.81% -0.81%
TOTAL ASSETS
Total Short-Term Assets $2.989B $2.983B $2.983B
Total Long-Term Assets $835.8M $847.2M $847.2M
Total Assets $3.824B $3.830B $3.830B
YoY Change 12.75% 7.99% 7.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $78.15M $55.52M $55.52M
YoY Change 25.57% -43.4% -43.4%
Accrued Expenses $698.9M $713.0M $754.5M
YoY Change 37.41% 30.72% 28.45%
Deferred Revenue $76.85M $102.8M
YoY Change 114.7% 144.04%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $941.7M $967.8M $967.8M
YoY Change 39.85% 26.03% 26.03%
LONG-TERM LIABILITIES
Long-Term Debt $1.022B $1.021B $1.021B
YoY Change 0.38% 0.38% 0.38%
Other Long-Term Liabilities $320.0M $308.4M $2.062B
YoY Change 42.82% 45.09% 7.41%
Total Long-Term Liabilities $320.0M $308.4M $3.083B
YoY Change 42.82% 45.09% 4.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $941.7M $967.8M $967.8M
Total Long-Term Liabilities $320.0M $308.4M $3.083B
Total Liabilities $4.044B $4.051B $4.051B
YoY Change 10.75% 9.34% 9.34%
SHAREHOLDERS EQUITY
Retained Earnings -$7.076B -$7.010B
YoY Change 4.92% 6.7%
Common Stock $6.883B $6.811B
YoY Change 5.52% 5.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$219.3M -$220.6M -$220.6M
YoY Change
Total Liabilities & Shareholders Equity $3.824B $3.830B $3.830B
YoY Change 12.75% 7.99% 7.99%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$65.94M -$137.9M -$440.2M
YoY Change -62.13% -33.55% -61.08%
Depreciation, Depletion And Amortization $13.52M $13.45M $51.60M
YoY Change -3.9% -5.99% 31.97%
Cash From Operating Activities -$81.52M -$29.84M $104.2M
YoY Change -51.03% -77.39% -119.24%
INVESTING ACTIVITIES
Capital Expenditures $12.97M $15.31M $62.21M
YoY Change -6.61% -29.23% -13.67%
Acquisitions
YoY Change
Other Investing Activities -$54.65M -$225.3M $4.438M
YoY Change 90.52% -5.45%
Cash From Investing Activities -$67.62M -$240.7M -$336.4M
YoY Change -11.28% 72.0% -298.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $28.91M 39.23M $172.1M
YoY Change -37.65% -38.16% -59.57%
NET CHANGE
Cash From Operating Activities -$81.52M -29.84M $104.2M
Cash From Investing Activities -$67.62M -240.7M -$336.4M
Cash From Financing Activities $28.91M 39.23M $172.1M
Net Change In Cash -$130.2M -231.3M -$53.67M
YoY Change -32.95% 10.94% -215.66%
FREE CASH FLOW
Cash From Operating Activities -$81.52M -$29.84M $104.2M
Capital Expenditures $12.97M $15.31M $62.21M
Free Cash Flow -$94.49M -$45.15M $41.95M
YoY Change -47.61% -70.6% -106.84%

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PurchasesOfCappedCallsRelatedToConvertibleSeniorNotes
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
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CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2023 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 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-tier 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, while 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, 2023, we have five marketed products, including one collaborated product, and multiple late-stage investigational programs advancing towards potential commercialization. We currently generate worldwide product revenues from four commercialized products, ONPATTRO, AMVUTTRA, GIVLAARI and OXLUMO, primarily in the United States, or U.S., and Europe.</span></div>
CY2023Q4 alny Number Of Products With Marketing Approval
NumberOfProductsWithMarketingApproval
5 product
CY2023Q4 alny Number Of Partnered Products
NumberOfPartneredProducts
1 product
CY2023Q4 alny Number Of Commercialized Products
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4 product
CY2023 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, deferred tax asset valuation allowances, 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. Changes in estimates are reflected in reported results in the period in which they become known.</span></div>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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, 2023 and 2022, 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>
CY2023 alny Investments Classified As Cash And Cash Equivalent Original Maturities
InvestmentsClassifiedAsCashAndCashEquivalentOriginalMaturities
P90D
CY2023 alny Investment Maturity Period Minimum
InvestmentMaturityPeriodMinimum
P90D
CY2023 us-gaap Depreciation
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CY2022 us-gaap Depreciation
Depreciation
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CY2021 us-gaap Depreciation
Depreciation
36800000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net
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CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
0 usd
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13096000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13527000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11225000 shares
CY2022Q4 us-gaap Valuation Allowances And Reserves Balance
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208998000 usd
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CY2023 alny Valuation Allowances And Reserves Sales Credit Payment Prior
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CY2023Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
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CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
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CY2022 alny Valuation Allowances And Reserves Provision Related To Current Period Sales
ValuationAllowancesAndReservesProvisionRelatedToCurrentPeriodSales
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CY2022 alny Valuation Allowances And Reserves Sales Credit Payment Current
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CY2022Q4 us-gaap Valuation Allowances And Reserves Balance
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CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
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CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
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CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
290763000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
235528000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
40500000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
55500000 usd
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AvailableForSaleDebtSecuritiesAmortizedCostBasis
1648127000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3030000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1482000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1649675000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1420603000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
119000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
9589000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1411133000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
34159000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
113243000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
1615516000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
1297890000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1649675000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1411133000 usd
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InventoryRawMaterials
23346000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
22315000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
25123000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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InventoryCurrentAndNoncurrent
125432000 usd
CY2022Q4 alny Inventory Current And Noncurrent
InventoryCurrentAndNoncurrent
161704000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
749133000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
696944000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
223076000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
173450000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
526057000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
523494000 usd
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AccruedProductRebatesAndDiscounts
345941000 usd
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AccruedProductRebatesAndDiscounts
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122170000 usd
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EmployeeRelatedLiabilitiesCurrent
130690000 usd
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111503000 usd
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AccruedPreClinicalClinicalTrialAndManufacturingCurrent
94702000 usd
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AccruedLicensingAndCollaborationAgreements
58282000 usd
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AccruedLicensingAndCollaborationAgreements
31680000 usd
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21155000 usd
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AccruedProfessionalFeesCurrent
19848000 usd
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CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
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545460000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
812688000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
866394000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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RestrictedCashCurrent
2196000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
2162000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
2178000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
814884000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
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CY2023 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
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CY2023 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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AllocatedShareBasedCompensationExpense
221680000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2021 us-gaap Allocated Share Based Compensation Expense
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PreferredStockParOrStatedValuePerShare
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CY2022Q4 us-gaap Preferred Stock Shares Outstanding
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CY2023Q4 us-gaap Preferred Stock Shares Issued
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CY2022Q4 us-gaap Preferred Stock Shares Issued
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CY2023Q4 alny Number Of Facilities Leased
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OperatingLeaseExpense
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CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
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OperatingLeaseCost
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CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
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VariableLeaseCost
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CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2023 us-gaap Lease Cost
LeaseCost
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CY2022 us-gaap Lease Cost
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CY2021 us-gaap Lease Cost
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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OperatingLeaseLiabilityCurrent
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OperatingLeaseLiabilityNoncurrent
243101000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
284611000 usd
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CY2022Q3 alny Number Of Lawsuits
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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DeferredTaxAssetsOperatingLossCarryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
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CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
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DeferredTaxAssetsSaleOfFutureRoyalties
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DeferredTaxAssetsSaleOfFutureRoyalties
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DeferredTaxAssetsLeasingArrangement
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DeferredTaxAssetsLeasingArrangement
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DeferredTaxAssetsDeferredIncome
74704000 usd
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DeferredTaxAssetsDeferredIncome
59437000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
67150000 usd
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
52989000 usd
CY2023Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
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CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
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DeferredTaxAssetsOther
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DeferredTaxAssetsOther
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CY2023Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
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CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
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DeferredTaxLiabilitiesPropertyPlantAndEquipment
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DeferredTaxLiabilitiesOtherComprehensiveIncome
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DeferredTaxLiabilitiesOtherComprehensiveIncome
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CY2023Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
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DeferredTaxLiabilitiesLeasingArrangements
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DeferredTaxLiabilitiesChangeInAccountingMethodAdjustment
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DeferredTaxAssetsValuationAllowance
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DeferredTaxAssetsLiabilitiesNet
11581000 usd
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DeferredTaxAssetsLiabilitiesNet
10840000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.060
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
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EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
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CY2023 alny Effective Income Tax Rate Reconciliation Nondeductible Expense Compensation
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CY2022 alny Effective Income Tax Rate Reconciliation Nondeductible Expense Compensation
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2023 alny Effective Income Tax Rate Reconciliation Foreign Tax Law Enactment
EffectiveIncomeTaxRateReconciliationForeignTaxLawEnactment
0.859
CY2022 alny Effective Income Tax Rate Reconciliation Foreign Tax Law Enactment
EffectiveIncomeTaxRateReconciliationForeignTaxLawEnactment
0
CY2021 alny Effective Income Tax Rate Reconciliation Foreign Tax Law Enactment
EffectiveIncomeTaxRateReconciliationForeignTaxLawEnactment
0
CY2023 alny Effective Income Tax Rate Reconciliation Transfer Of Intellectual Property Percent
EffectiveIncomeTaxRateReconciliationTransferOfIntellectualPropertyPercent
0.126
CY2022 alny Effective Income Tax Rate Reconciliation Transfer Of Intellectual Property Percent
EffectiveIncomeTaxRateReconciliationTransferOfIntellectualPropertyPercent
0
CY2021 alny Effective Income Tax Rate Reconciliation Transfer Of Intellectual Property Percent
EffectiveIncomeTaxRateReconciliationTransferOfIntellectualPropertyPercent
0.201
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2023 alny Effective Income Tax Rate Reconciliation Revaluation Of Deferred Credits Due To Rate Change
EffectiveIncomeTaxRateReconciliationRevaluationOfDeferredCreditsDueToRateChange
0.051
CY2022 alny Effective Income Tax Rate Reconciliation Revaluation Of Deferred Credits Due To Rate Change
EffectiveIncomeTaxRateReconciliationRevaluationOfDeferredCreditsDueToRateChange
-0.004
CY2021 alny Effective Income Tax Rate Reconciliation Revaluation Of Deferred Credits Due To Rate Change
EffectiveIncomeTaxRateReconciliationRevaluationOfDeferredCreditsDueToRateChange
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.015
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.004
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
623800000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
384600000 usd
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
459300000 usd
CY2023 alny Net Operating Loss Carryforward Percentage Of Taxable Income Available To Be Offset
NetOperatingLossCarryforwardPercentageOfTaxableIncomeAvailableToBeOffset
0.80
CY2023Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
45000000 usd
CY2023 alny Defined Benefit And Contribution Plans Contributions And Net Periodic Benefit Costs
DefinedBenefitAndContributionPlansContributionsAndNetPeriodicBenefitCosts
17500000 usd
CY2022 alny Defined Benefit And Contribution Plans Contributions And Net Periodic Benefit Costs
DefinedBenefitAndContributionPlansContributionsAndNetPeriodicBenefitCosts
16500000 usd
CY2021 alny Defined Benefit And Contribution Plans Contributions And Net Periodic Benefit Costs
DefinedBenefitAndContributionPlansContributionsAndNetPeriodicBenefitCosts
13100000 usd
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
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CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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