v3.19.3.a.u2

Balance Sheet Components (Tables)

12 Months Ended

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

X

- 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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.17)
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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ 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
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