v3.19.3.a.u2

Balance Sheet Components (Tables) | 12 Months Ended
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Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets, as of December 31, 2019 and 2018 consists of the following (in thousands):
|  | December 31,
|  | 2019 |  | 2018
Prepaid expenses |  | $ | 8,475 |  |  | $ | 10,401 |
Tenant incentives receivables |  | 4,093 |  |  | 10,089 |
Interest receivable on marketable securities |  | 6,835 |  |  | 7,909 |
Prepaid expenses and other current assets |  | $ | 19,403 |  |  | $ | 28,399 |
Schedule of Property and Equipment, Net | The estimated useful lives of property and equipment are described below:
|  | Estimated Useful Life
Laboratory equipment |  | 5 years
Leasehold improvements |  | Lesser of estimated useful life of improvement or remaining life of related lease
Computer equipment and software |  | 3 years
Other assets including automobiles, furniture and fixtures |  | 5 years
Right of use asset, financing |  | Lease term
Property and equipment, net as of December 31, 2019 and 2018 consists of the following (in thousands):
|  | December 31,
|  | 2019 |  | 2018
Building (1) |  | $ | — |  |  | $ | 140,442 |
Laboratory equipment |  | 108,257 |  |  | 96,907 |
Leasehold improvements (1) |  | 152,426 |  |  | 13,741 |
Furniture, fixtures and other |  | 3,316 |  |  | 2,122 |
Computer equipment and software |  | 11,985 |  |  | 11,513 |
Internally developed software |  | 7,020 |  |  | 7,020 |
Right-of-use asset, financing |  | 9,853 |  |  | — |
Construction in progress |  | 3,222 |  |  | 4,688 |
|  | 296,079 |  |  | 276,433 |
Less: Accumulated depreciation |  | (94,584 | ) |  | (64,456 | )
Property and equipment, net |  | $ | 201,495 |  |  | $ | 211,977 |
_________ (1) Leasehold improvements related to our Moderna Technology Center manufacturing facility were previously capitalized as building under ASC 840 and are now included in leasehold improvements under ASC 842 (Note 2).
Schedule of Accrued Liabilities | Accrued liabilities, as of December 31, 2019 and 2018 consists of the following (in thousands):
|  | December 31,
|  | 2019 |  | 2018
In-licenses |  | $ | — |  |  | $ | 22,000 |
Property and equipment |  | 4,029 |  |  | 12,089 |
Compensation-related |  | 27,428 |  |  | 23,406 |
External goods and services |  | 36,195 |  |  | 21,578 |
Accrued liabilities |  | $ | 67,652 |  |  | $ | 79,073 |

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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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