2013 Q1 Form 10-K Financial Statement

#000119312513065475 Filed on February 19, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q4 2011 Q4
Revenue $18.60M $8.500M $20.50M
YoY Change -9.71% -58.54% -3.3%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $6.300M $10.20M $10.70M
YoY Change -39.42% -4.67% 42.67%
% of Gross Profit
Research & Development $22.18M $21.70M $23.40M
YoY Change 5.24% -7.26% -10.34%
% of Gross Profit
Depreciation & Amortization $2.127M $2.000M $1.200M
YoY Change 0.28% 66.67% 0.0%
% of Gross Profit
Operating Expenses $28.45M $96.84M $34.04M
YoY Change -9.64% 184.49% 1.31%
Operating Profit -$9.804M
YoY Change -10.0%
Interest Expense $200.0K -$700.0K -$700.0K
YoY Change -128.57% 0.0% 75.0%
% of Operating Profit
Other Income/Expense, Net $229.0K $16.20M -$2.300M
YoY Change -148.21% -804.35% -135.94%
Pretax Income -$9.575M -$72.80M -$16.60M
YoY Change -15.77% 338.55% 155.38%
Income Tax -$562.0K -$10.60M $0.00
% Of Pretax Income
Net Earnings -$9.013M -$62.19M -$14.30M
YoY Change -20.72% 334.79% 107.29%
Net Earnings / Revenue -48.46% -731.62% -69.77%
Basic Earnings Per Share
Diluted Earnings Per Share -$152.0K -$1.194M -$388.8K
COMMON SHARES
Basic Shares Outstanding 61.87M shares 52.41M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q1 2012 Q4 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $236.0M $122.8M $146.4M
YoY Change 18.54% -16.11% -37.19%
Cash & Equivalents $97.80M $51.41M $70.23M
Short-Term Investments $138.2M $71.41M $76.17M
Other Short-Term Assets $3.500M $2.600M $4.200M
YoY Change -52.05% -38.1% -39.13%
Inventory
Prepaid Expenses
Receivables $600.0K $100.0K $1.500M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $240.1M $125.6M $152.0M
YoY Change 15.16% -17.41% -40.17%
LONG-TERM ASSETS
Property, Plant & Equipment $18.98M $19.80M $14.64M
YoY Change 38.56% 35.21% -19.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $212.5M $142.2M $114.4M
YoY Change 80.39% 24.3% -4.98%
Other Assets $101.0K $839.0K
YoY Change -87.96%
Total Long-Term Assets $231.5M $162.0M $129.9M
YoY Change 75.62% 24.69% -6.69%
TOTAL ASSETS
Total Short-Term Assets $240.1M $125.6M $152.0M
Total Long-Term Assets $231.5M $162.0M $129.9M
Total Assets $471.6M $287.5M $281.9M
YoY Change 38.58% 1.99% -28.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.105M $4.420M $5.800M
YoY Change -27.79% -23.79% -37.63%
Accrued Expenses $9.086M $11.56M $12.34M
YoY Change -30.11% -6.34% 11.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $49.75M $48.35M $80.99M
YoY Change -25.3% -40.31% -20.6%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $110.3M $105.1M $716.0K
YoY Change 44.56% 14578.77% -99.46%
Total Long-Term Liabilities $110.3M $105.1M $716.0K
YoY Change 44.56% 14578.77% -99.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $49.75M $48.35M $80.99M
Total Long-Term Liabilities $110.3M $105.1M $716.0K
Total Liabilities $160.0M $153.5M $163.9M
YoY Change 11.98% -6.38% -30.25%
SHAREHOLDERS EQUITY
Retained Earnings -$516.0M -$507.0M -$401.0M
YoY Change 26.44%
Common Stock $806.8M $625.4M $519.2M
YoY Change 20.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $311.6M $134.1M $118.0M
YoY Change
Total Liabilities & Shareholders Equity $471.6M $287.5M $281.9M
YoY Change 38.58% 1.99% -28.32%

Cashflow Statement

Concept 2013 Q1 2012 Q4 2011 Q4
OPERATING ACTIVITIES
Net Income -$9.013M -$62.19M -$14.30M
YoY Change -20.72% 334.79% 107.29%
Depreciation, Depletion And Amortization $2.127M $2.000M $1.200M
YoY Change 0.28% 66.67% 0.0%
Cash From Operating Activities -$971.0K -$68.90M -$25.20M
YoY Change -96.79% 173.41% 24.14%
INVESTING ACTIVITIES
Capital Expenditures $1.799M -$600.0K -$500.0K
YoY Change 584.03% 20.0% -54.55%
Acquisitions
YoY Change
Other Investing Activities -$129.0M $44.20M $21.40M
YoY Change 97.55% 106.54% -56.06%
Cash From Investing Activities -$130.8M $43.50M $20.80M
YoY Change 99.47% 109.13% -56.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $173.6M
YoY Change 100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 178.2M 1.000M 200.0K
YoY Change 104.09% 400.0% -66.67%
NET CHANGE
Cash From Operating Activities -971.0K -68.90M -25.20M
Cash From Investing Activities -130.8M 43.50M 20.80M
Cash From Financing Activities 178.2M 1.000M 200.0K
Net Change In Cash 46.40M -24.40M -4.200M
YoY Change -646.58% 480.95% -115.11%
FREE CASH FLOW
Cash From Operating Activities -$971.0K -$68.90M -$25.20M
Capital Expenditures $1.799M -$600.0K -$500.0K
Free Cash Flow -$2.770M -$68.30M -$24.70M
YoY Change -90.91% 176.52% 28.65%

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CY2012Q1 alny Restructuring And Related Cost Expected Number Of Employees Remaining
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
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CY2010 us-gaap Share Based Compensation
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CY2010 us-gaap Investment Income Interest
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CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2010 us-gaap Payments To Acquire Property Plant And Equipment
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CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2010 us-gaap Operating Expenses
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CY2010 us-gaap Current Foreign Tax Expense Benefit
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CY2010 us-gaap Depreciation
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2010 us-gaap Allocated Share Based Compensation Expense
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CY2010 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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CY2010 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
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CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2010 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2011 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2011 us-gaap Share Based Goods And Nonemployee Services Transaction Expense
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CY2011 us-gaap Current Foreign Tax Expense Benefit
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2012 dei Trading Symbol
TradingSymbol
ALNY
CY2012 dei Entity Registrant Name
EntityRegistrantName
ALNYLAM PHARMACEUTICALS, INC.
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
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DocumentFiscalPeriodFocus
FY
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001178670
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
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--12-31
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CY2012 us-gaap Prior Period Reclassification Adjustment Description
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<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Reclassifications</i></b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Certain reclassifications have been made to prior years&#x2019; consolidated financial statements to conform to the 2012 presentation.</font></p> </div>
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CY2012 us-gaap Depreciation Depletion And Amortization
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-2.11
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
661909 shares
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
128000
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
86800000
CY2012 us-gaap Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
-1780000
CY2012 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Concentrations of Credit Risk and Significant Customers</i></b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash, cash equivalents and fixed income marketable securities. At December&#xA0;31, 2012 and 2011, substantially all of the Company&#x2019;s cash, cash equivalents and fixed income marketable securities were invested in money market mutual funds, commercial paper, corporate notes and U.S.&#xA0;government securities through highly rated financial institutions. Investments are restricted, in accordance with the Company&#x2019;s investment policy, to a concentration limit per issuer.</font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">To date, the Company&#x2019;s revenues from collaborations have been generated from primarily F. Hoffmann-La&#xA0;Roche Ltd and certain of its affiliates (collectively, &#x201C;Roche&#x201D;) (which assigned its rights and obligations to Arrowhead Research Corporation (&#x201C;Arrowhead&#x201D;) in 2011), Takeda Pharmaceutical Company Limited (&#x201C;Takeda&#x201D;), and Novartis Pharma AG and one of its affiliates (collectively, &#x201C;Novartis&#x201D;). In addition, the Company and Medtronic, Inc. (&#x201C;Medtronic&#x201D;) formed a collaboration with CHDI Foundation, Inc. (&#x201C;CHDI&#x201D;) to advance ALN-HTT, a novel drug-device combination for the treatment of Huntington&#x2019;s disease. Under this collaboration, CHDI agreed to initially fund approximately 50% of the costs of this program up to the point at which an investigational new drug application could be filed. In April 2012, the Company exercised its option under the Medtronic agreement to opt-out of the 50-50 expense/profit share arrangement of the ALN-HTT program and move to a royalty and milestone licensing structure. In connection with the Company&#x2019;s opt-out, in May 2012, CHDI notified the Company and Medtronic that it would cease further funding of the ALN-HTT program pursuant to the terms of the CHDI agreement. The Company recorded the funding received from CHDI as a reduction to research and development expense. For the year ended December&#xA0;31, 2012, the composition of the Company&#x2019;s billed and unbilled collaboration receivables was entirely composed of amounts due from the U.S. Government for the wind-down of completed government contracts.</font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The following table summarizes customers that represent greater than 10% of the Company&#x2019;s net revenues from research collaborators, for the periods indicated:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="92%" align="center"> <tr> <td width="81%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="10" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Year Ended</b></font><br /> <font style="FONT-FAMILY: Times New Roman" size="1"><b>December&#xA0;31,</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>2011</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>2010</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; 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CurrentFederalTaxExpenseBenefit
52000
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EffectiveIncomeTaxRateContinuingOperations
0.091 pure
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NetCashProvidedByUsedInOperatingActivities
-115609000
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EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
-8271000
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NetCashProvidedByUsedInInvestingActivities
3374000
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
977000
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IncreaseDecreaseInDeferredRevenue
-8562000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
9.67
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PaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligations
359000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8348000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-18823000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.57 pure
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
44612000
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1780000
CY2012 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y7M6D
CY2012 us-gaap Restricted Stock Expense
RestrictedStockExpense
100000
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StockIssuedDuringPeriodValueStockOptionsExercised
6402000
CY2012 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
255000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-116586000
CY2012 us-gaap Nature Of Operations
NatureOfOperations
<div> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="3%" valign="top" align="left"><font style="font-family:Times New Roman" size="2"><b>1.</b></font></td> <td align="left" valign="top"><font style="font-family:Times New Roman" size="2"><b>NATURE OF BUSINESS</b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">Alnylam Pharmaceuticals, Inc. (the &#x201C;Company&#x201D; or &#x201C;Alnylam&#x201D;) commenced operations on June&#xA0;14, 2002 as a biopharmaceutical company seeking to develop and commercialize novel therapeutics based on RNA interference (&#x201C;RNAi&#x201D;). Alnylam is focused on discovering, developing and commercializing RNAi therapeutics by establishing strategic alliances with leading pharmaceutical and life sciences companies, establishing and maintaining a strong intellectual property position in the RNAi field, generating revenues through licensing agreements, and ultimately developing and commercializing RNAi therapeutics for its own account. The Company has devoted substantially all of its efforts to business planning, research and development, acquiring, filing and expanding intellectual property rights, recruiting management and technical staff, and raising capital.</font></p> </div>
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ResearchAndDevelopmentExpense
86569000
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NetCashProvidedByUsedInFinancingActivities
93412000
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ForeignIncomeTaxExpenseBenefitContinuingOperations
-52000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
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PaymentsToAcquireAvailableForSaleSecurities
277129000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.00 pure
CY2012 us-gaap Operating Expenses
OperatingExpenses
196181000
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IncreaseDecreaseInOtherAccruedLiabilities
-3591000
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OperatingLeasesRentExpenseNet
6400000
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
38300000
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2012 us-gaap Share Based Goods And Nonemployee Services Transaction Expense
ShareBasedGoodsAndNonemployeeServicesTransactionExpense
1000000
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y4M24D
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.285 pure
CY2012 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
IncomeTaxExpenseBenefitIntraperiodTaxAllocation
-10572000
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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4600000
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IncomeTaxesPaidNet
-17000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.007 pure
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12700000
CY2012 us-gaap Gain Loss On Sale Of Previously Unissued Stock By Subsidiary Or Equity Investee Nonoperating Income
GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome
16084000
CY2012 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
-10532000
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
50286000 shares
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StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-519000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.010 pure
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9536000 shares
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-52000
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NetIncomeLoss
-106014000
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NonoperatingIncomeExpense
12870000
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IncreaseDecreaseInReceivables
-1364000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
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StockIssuedDuringPeriodValueOther
879000
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IncomeTaxExpenseBenefit
-10572000
CY2012 us-gaap Use Of Estimates
UseOfEstimates
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OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
15827000
CY2012 us-gaap License And Services Revenue
LicenseAndServicesRevenue
66725000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.68
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LeaseExtensionPeriod
P5Y
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LeaseExpirationMonthAndYear
2016-09
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36573000
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EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxExpenseBenefit
-28000
CY2012 alny Share Based Compensation Arrangement By Share Based Payment Award Options Vested Percentage
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedPercentage
0.67 pure
CY2012 alny Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
3 Entity
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SubleasedAgreementArea
34014 sqft
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OperatingLossCarryforwardExpirationYear
2032
CY2012 alny Number Of Lease Extension Options
NumberOfLeaseExtensionOptions
2 pure
CY2012 alny Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitureRate
0.095 pure
CY2012 alny Charge For Four Zero One K Company Stock Match
ChargeForFourZeroOneKCompanyStockMatch
364000
CY2012 alny Equity Method Investment Summarized Financial Information Other Income Expense
EquityMethodInvestmentSummarizedFinancialInformationOtherIncomeExpense
2289000
CY2012 alny Non Cash Stock Based Compensation Expenses Research And Development
NonCashStockBasedCompensationExpensesResearchAndDevelopment
8041000
CY2012 alny Non Cash Stock Based Compensation Expenses General And Administrative
NonCashStockBasedCompensationExpensesGeneralAndAdministrative
4319000
CY2012 alny Percentage Of Sharing In Development Cost
PercentageOfSharingInDevelopmentCost
0.50 pure
CY2012 alny Short Term Investment Maturity Period
ShortTermInvestmentMaturityPeriod
90 D
CY2012 alny Short Term Investment Maturity Period Minimum
ShortTermInvestmentMaturityPeriodMinimum
P90D
CY2012 alny Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Percentage On First Anniversary
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPercentageOnFirstAnniversary
0.25 pure
CY2012 alny Share Based Compensation Arrangement By Share Based Payment Award Options Expiration Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationPeriod
P10Y
CY2012 alny Adjustments To Additional Paid In Capital Share Based Compensation Requisite Service Period Recognition Value For Equity Method Investee
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRequisiteServicePeriodRecognitionValueForEquityMethodInvestee
321000
CY2012 alny Cross License Restructuring Expense
CrossLicenseRestructuringExpense
65000000
CY2012 alny Other Comprehensive Income Unrealized Holding Gain Loss On Equity Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnEquitySecuritiesArisingDuringPeriodNetOfTax
15700000
CY2011Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.38
CY2011Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
42345000 shares
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
-16285000
CY2011Q1 us-gaap License And Services Revenue
LicenseAndServicesRevenue
20897000
CY2011Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.33
CY2011Q2 us-gaap Operating Expenses
OperatingExpenses
33732000
CY2011Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
42379000 shares
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
-13824000
CY2011Q2 us-gaap License And Services Revenue
LicenseAndServicesRevenue
20614000
CY2012Q1 us-gaap Other Restructuring Costs
OtherRestructuringCosts
3900000
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.25
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
31480000
CY2012Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
46210000 shares
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-11368000
CY2012Q1 us-gaap License And Services Revenue
LicenseAndServicesRevenue
20587000
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.25
CY2012Q2 us-gaap Operating Expenses
OperatingExpenses
32951000
CY2012Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
51280000 shares
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-12956000
CY2012Q2 us-gaap License And Services Revenue
LicenseAndServicesRevenue
20884000
CY2011Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.31
CY2011Q3 us-gaap Operating Expenses
OperatingExpenses
33229000
CY2011Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
42654000 shares
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
-13237000
CY2011Q3 us-gaap License And Services Revenue
LicenseAndServicesRevenue
20791000
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.38
CY2012Q3 us-gaap Operating Expenses
OperatingExpenses
34906000
CY2012Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
51542000 shares
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-19502000
CY2012Q3 us-gaap License And Services Revenue
LicenseAndServicesRevenue
16759000
CY2011Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.33
CY2011Q4 us-gaap Operating Expenses
OperatingExpenses
34041000
CY2011Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
42715000 shares
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
-14303000
CY2011Q4 us-gaap License And Services Revenue
LicenseAndServicesRevenue
20455000
CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.20
CY2012Q4 us-gaap Operating Expenses
OperatingExpenses
96844000
CY2012Q4 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
IncomeTaxExpenseBenefitIntraperiodTaxAllocation
-10572000
CY2012Q4 us-gaap Gain Loss On Sale Of Previously Unissued Stock By Subsidiary Or Equity Investee Nonoperating Income
GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome
16084000
CY2012Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
51821000 shares
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-62188000
CY2012Q4 us-gaap License And Services Revenue
LicenseAndServicesRevenue
8495000
CY2012Q4 alny Equity Investments Other Than Equity Method Ownership Percentage
EquityInvestmentsOtherThanEquityMethodOwnershipPercentage
0.17 pure
CY2012Q4 alny Cross License Restructuring Expense
CrossLicenseRestructuringExpense
65000000

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