Monster Beverage Corp

10-K & 10-Q Filings

Monster Beverage Corporation is a holding company based in Corona, California, that conducts no operating business except through its subsidiaries. The company primarily develops, markets, sells, and distributes energy drinks and concentrates for energy drinks under various brand names, including Monster Energy, Java Monster, and Bang Energy. Monster Energy Drinks segment is primarily comprised of Monster Energy drinks, Reign Total Body Fuel high performance energy drinks, Reign Storm total wellness energy drinks, Bang Energy drinks, and Monster Tour Water. The Strategic Brands segment includes various energy drink brands acquired from The Coca-Cola Company, such as BPM, BU, Burn, Full Throttle, Fury, Live+, Mother, Nalu, NOS, Play, Predator, Relentless, Samurai, and Ultra Energy. The Alcohol Brands segment includes various craft beers, hard seltzers, and flavored malt beverages under brands like Cigar City, Oskar Blues, Deep Ellum, Squatters, Wild Basin, Wasatch, and Perrin. The Other segment includes certain products sold by American Fruits and Flavors LLC to independent third-party customers. The company's website is monsterbevcorp.com, and its ticker symbol is MNST.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$1703.23
2060.70
2246.43
2464.87
2722.56
3049.39
3369.05
4200.82
4598.64
5541.35
6311.05
7140.03
12.69%13.14%Cost of Revenue (-)
$808.92
995.05
1073.50
1125.06
1090.26
1107.39
1231.36
1511.81
1682.23
1874.76
2432.84
3136.48
3345.82
12.56%6.67%Gross Profit (+)
$894.31
1065.66
1172.93
1339.81
1632.30
1942.00
2137.69
2295.38
2518.59
2723.88
3108.51
3174.57
3794.21
12.80%19.52%Operating Expenses (-)
$437.89
515.03
600.01
592.30
738.65
856.66
938.90
1011.76
1115.65
1090.73
1311.05
1589.85
1840.85
12.71%15.79%Costs & Expenses (Total) (-)
$1246.81
1510.08
1673.51
1717.36
1828.91
1964.06
2170.26
2523.56
2797.88
2965.49
3743.89
4726.33
5186.67
12.61%9.74%Operating Income/Loss (+)
$456.42
550.62
572.92
747.50
893.65
1085.34
1198.79
1283.62
1402.94
1633.15
1797.47
1584.72
1953.36
12.88%23.26%Non-operating Income/Expense (+)
$0.85
-1.47
-9.02
-1.72
-2.10
-5.65
2.84
9.65
13.02
-7.00
3.95
-12.76
115.13
50.58%1002.46%Earnings before Tax (+)
$457.27
549.15
563.89
745.79
891.55
1079.68
1201.62
1293.27
1415.96
1626.16
1801.42
1571.96
2068.48
13.40%31.59%Tax Expense (-)
$171.05
209.13
225.23
262.60
344.81
367.00
380.94
300.27
308.13
216.56
423.94
380.34
437.49
8.14%15.03%Income/Loss (Continuing Operations) (+)
$286.22
340.02
338.66
483.19
546.73
712.68
820.68
993.00
1107.84
1409.59
1377.48
1191.62
1630.99
15.61%36.87%Net Income/Loss (+)
$286.22
340.02
338.66
483.19
546.73
712.68
820.68
993.00
1107.84
1409.59
1377.47
1191.62
1630.99
15.61%36.87%Net Income/Loss (Common) (+)
$286.22
340.02
338.66
483.19
546.73
712.68
820.68
993.00
1107.84
1409.59
1377.47
1191.62
1630.99
15.61%36.87%EPS (Basic)
$1.62
1.96
2.03
2.89
2.90
1.21
1.45
1.78
2.04
2.66
2.61
2.26
1.56
-0.31%-30.97%EPS (Diluted)
$1.53
1.86
1.95
2.77
2.84
1.19
1.42
1.76
2.03
2.64
2.57
2.23
1.54
0.05%-30.94%Weighted Avg Shares (Basic)
176.21
173.71
166.68
167.26
188.82
587.87
566.78
557.17
542.19
529.64
528.76
526.78
1044.89
15.99%98.35%Weighted Avg Shares (Diluted)
186.67
183.08
173.39
174.28
192.59
599.82
577.14
564.25
546.61
534.81
535.64
533.22
1057.98
15.55%98.41%Cash
$359.33
222.51
211.35
370.32
2175.42
377.58
528.62
637.51
797.96
1180.41
1326.46
1307.14
2297.68
16.72%75.78%Short-term Investments
$411.28
97.04
402.25
781.13
744.61
220.55
672.93
320.65
533.06
881.35
1749.73
1362.31
955.61
7.28%-29.85%Receivables
$218.07
236.04
291.64
280.20
352.95
448.05
449.48
484.56
540.33
666.01
896.66
1016.20
1193.96
15.22%17.49%Inventory
$155.61
203.11
221.45
174.57
156.12
161.97
255.75
277.70
360.73
333.08
593.36
935.63
971.41
16.49%3.82%Prepaid Expenses (Current)
$21.28
58.69
30.89
28.29
28.50
99.11
179.60
83.74
84.23
80.09
115.91
143.61
170.35
18.93%18.62%Other Assets (Current)
$17.10
17.67
25.47
58.91
125.00
125.00
Assets (Current)
$1182.68
835.07
1183.04
1693.43
3582.60
1432.27
2086.38
1804.17
2316.31
3140.95
4682.11
4764.90
5589.00
13.82%17.30%Securities & Long-term Investments
$23.19
21.39
9.79
42.94
15.35
2.39
2.37
12.90
44.29
99.42
61.44
76.43
10.45%24.39%Property, Plant & Equipment (Net)
$45.15
69.14
88.14
90.16
97.35
173.34
230.28
243.05
298.64
314.66
313.75
516.90
890.80
28.21%72.34%Goodwill & Intangibles
$48.40
54.65
65.77
50.75
1707.70
2364.28
2365.73
2377.52
2383.75
2390.69
2404.03
2638.35
1427.14
32.58%-45.91%Other Assets
$62.98
63.08
73.76
61.60
272.18
181.19
106.27
102.15
138.75
312.13
305.47
311.52
1703.16
31.62%446.73%Assets (Non-current)
$179.72
208.26
237.47
245.45
2092.59
2721.20
2704.64
2722.72
2834.04
3061.76
3122.67
3528.21
4097.53
29.77%16.14%Assets (Total)
$1362.40
1043.33
1420.51
1938.88
5675.19
4153.47
4791.01
4526.89
5150.35
6202.72
7804.78
8293.10
9686.52
17.76%16.80%Accounts Payable
$166.76
184.64
202.71
191.74
355.37
310.50
379.03
411.36
450.10
517.90
711.09
703.04
850.71
14.54%21.01%Other Liabilities (Current)
$99.33
103.90
113.30
163.97
158.82
160.09
181.32
189.79
211.00
232.09
253.99
298.94
310.97
9.98%4.03%Liabilities (Current)
$266.09
288.55
316.01
355.72
514.19
470.59
560.35
601.14
661.10
749.99
965.08
1001.98
1161.69
13.07%15.94%Other Liabilities
$117.15
110.38
112.22
68.01
351.59
353.17
335.45
314.84
317.97
291.87
272.76
266.09
296.09
8.03%11.28%Liabilities (Non-current)
$117.15
110.38
112.22
68.01
351.59
353.17
335.45
314.84
317.97
291.87
272.76
266.09
296.09
8.03%11.28%Liabilities (Total)
$383.24
398.93
428.23
423.73
865.78
823.76
895.80
915.99
979.07
1041.86
1237.83
1268.06
1457.78
11.78%14.96%Treasury Stock
$418.23
1155.31
-1222.91
1231.09
556.47
2808.95
3170.13
4512.20
5219.51
5815.42
5829.25
6600.28
2566.38
16.32%-61.12%Retained Earnings
$1168.64
1508.66
1847.33
2330.51
1394.86
2107.55
2928.23
3914.64
5022.48
6432.07
7809.55
9001.17
5939.74
14.51%-34.01%AOCI
$-1.55
2.07
-1.23
-11.45
-21.88
-23.25
-16.66
-32.86
-32.39
3.03
-69.17
-159.07
-125.34
21.21%Shareholder's Equity
$979.16
644.40
992.28
1515.15
4809.41
3329.71
3895.21
3610.90
4171.28
5160.86
6566.95
7025.04
8228.74
19.41%17.13%Liabilities & Equity
$1362.40
1043.33
1420.51
1938.88
5675.19
4153.47
4791.01
4526.89
5150.35
6202.72
7804.78
8293.10
9686.52
17.76%16.80%Net Income/Loss
$286.22
340.02
338.66
483.19
546.73
712.68
820.68
993.00
1107.84
1409.59
1377.47
1191.62
1630.99
15.61%36.87%Depreciation & Amortization
$17.08
20.56
22.71
25.65
30.86
40.84
48.89
56.98
64.81
60.97
50.16
61.24
68.90
12.32%12.50%Increase/Decrease in Working Capital
$-15.32
78.44
-96.26
-70.32
-376.11
78.73
0.89
-55.57
121.99
185.04
345.47
438.63
57.83
-86.82%Share-based Compensation
$19.42
28.41
28.76
28.55
32.72
45.85
52.28
57.11
63.36
70.29
70.48
64.11
68.84
11.12%7.37%Adjustments to Reconcile Net Income
$46.67
-54.57
3.37
102.38
-338.75
-11.33
167.05
168.88
5.93
-45.43
-221.73
-303.92
86.77
5.30%128.55%Net Cash (Operating)
$333.83
287.68
342.03
585.57
207.99
701.36
987.73
1161.88
1113.76
1364.16
1155.74
887.70
1717.75
14.63%93.51%Capital Expenditure
$30.16
48.95
-60.96
30.40
-156.44
793.01
91.71
70.63
109.16
66.28
56.13
516.88
582.29
27.98%12.65%Net Cash (Investing)
$-173.03
271.85
-339.81
-440.40
400.07
-256.19
-531.54
272.96
-326.72
-472.49
-992.02
-161.37
-193.40
-19.85%Increase/Decrease in Debt
$-1.94
-2.08
1.89
-1.62
-1.08
-2.36
-2.58
-1.89
-13.57
-3.09
0.07
-13.91
-18652.00%Increase/Decrease in Equity
$-156.07
-716.65
88.85
8.99
888.69
-2236.03
-308.55
-1314.22
-614.94
-522.98
31.89
-707.01
-528.68
25.22%Interest Expenses
$0.05
0.05
0.05
0.03
0.03
0.07
0.07
0.06
0.32
0.04
0.13
0.43
0.36
18.36%-15.78%Net Cash (Financing)
$-154.19
-699.08
-17.89
19.30
1202.35
-2238.39
-311.13
-1316.11
-628.51
-526.07
34.82
-706.94
-542.60
23.25%Cash Taxes Paid
$147.93
230.22
174.28
267.25
224.93
431.27
389.49
200.77
293.81
355.51
420.52
380.00
423.22
9.15%11.38%Effect of Exchange Rate
$-2.12
2.73
4.50
-5.49
-5.31
-4.61
5.99
-9.84
1.91
16.85
-52.49
-38.72
8.78
122.67%Increase/Decrease in Cash
$4.49
-136.82
-11.16
158.97
1805.09
-1797.84
151.04
108.89
160.44
382.46
146.05
-19.32
990.53
56.79%5226.72%Cash (Beginning)
$354.84
359.33
222.51
211.35
370.32
2175.42
377.58
528.62
637.51
797.96
1180.41
1326.46
1307.14
11.48%-1.46%Cash (Ending)
$359.33
222.51
211.35
370.32
2175.42
377.58
528.62
637.51
797.96
1180.41
1326.46
1307.14
2297.68
16.72%75.78%NOPAT
$308.77
319.79
395.85
479.64
668.19
651.81
810.22
1084.35
1111.83
1276.11
1377.87
1201.64
1553.69
14.41%29.30%Gross Margin %
52.51%
51.71%
52.21%
54.36%
59.95%
63.68%
63.45%
59.95%
59.23%
56.10%
50.30%
53.14%
Operating Margin %
26.80%
26.72%
25.50%
30.33%
32.82%
35.59%
35.58%
33.40%
35.51%
32.44%
25.11%
27.36%
NOPAT Margin %
18.13%
15.52%
17.62%
19.46%
24.54%
21.37%
24.05%
26.47%
27.75%
24.87%
19.04%
21.76%
Net Margin %
16.80%
16.50%
15.08%
19.60%
20.08%
23.37%
24.36%
26.37%
30.65%
24.86%
18.88%
22.84%
Tax Rate %
32.35%
41.92%
30.91%
35.83%
25.23%
39.94%
32.41%
15.52%
20.75%
21.86%
23.34%
24.17%
20.46%
ROA
22.66%
30.65%
27.87%
24.74%
11.77%
15.69%
16.91%
23.95%
21.59%
20.57%
17.65%
14.49%
16.04%
ROE
31.53%
49.63%
39.89%
31.66%
13.89%
19.58%
20.80%
30.03%
26.65%
24.73%
20.98%
17.11%
18.88%
ROIC
69.79%
54.10%
60.91%
80.38%
30.65%
20.62%
24.20%
41.38%
31.48%
35.35%
34.11%
23.89%
35.62%
Asset Turnover
1.25
1.98
1.58
1.27
0.48
0.73
0.70
0.82
0.74
0.71
0.76
0.74
Inventory Turnover
5.20
4.90
4.85
6.44
6.98
6.84
4.81
5.44
4.66
5.63
4.10
3.35
3.44
Equity Multiplier
1.39
1.62
1.43
1.28
1.18
1.25
1.23
1.25
1.23
1.20
1.19
1.18
1.18
Current Ratio
4.44
2.89
3.74
4.76
6.97
3.04
3.72
3.00
3.50
4.19
4.85
4.76
4.81
Quick Ratio
3.72
1.93
2.86
4.02
6.37
2.22
2.95
2.40
2.83
3.64
4.12
3.68
3.83
Interest Coverage Ratio
9508.81
11471.31
11692.16
21985.44
30815.62
15960.85
15983.83
21393.65
4384.18
37117.11
13413.93
3676.85
5381.14
Working Capital/Sales
0.20
0.23
0.22
0.18
0.14
0.20
0.22
0.20
0.20
0.24
0.30
0.29
Total Payout
$158.06
718.78
-90.69
-7.34
-887.58
2238.46
311.21
1316.17
628.83
526.11
-31.76
707.37
542.96
10.83%-23.24%Payout Ratio %
51.19%
224.77%
-22.91%
-1.53%
-132.83%
343.42%
38.41%
121.38%
56.56%
41.23%
-2.30%
58.87%
34.95%