Monster Beverage Corporation (MNST) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 MONSTER WAY
CORONA, CA 92879
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 2086 - Bottled and Canned Soft Drinks and Carbonated Waters (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,6693,0762,0621,3319581,202
Cash and cash equivalents1,3071,3261,180798638529
Short-term investments1,3621,750881533321673
Receivables1,016897666540485449
Inventory, net of allowances, customer advances and progress billings936593333361278256
Inventory936593333361278256
Prepaid expense3433252939139
Other undisclosed current assets1108355554541
Total current assets:4,7654,6823,1412,3161,8042,086
Noncurrent Assets
Property, plant and equipment517314315299243230
Long-term investments and receivables61994413 2
Long-term investments61994413 2
Intangible assets, net (including goodwill)2,6382,4042,3912,3842,3782,366
Goodwill1,4181,3321,3321,3321,3321,332
Intangible assets, net (excluding goodwill)1,2201,0721,0591,0521,0461,034
Deferred income tax assets17722524285
Other noncurrent assets1348070541614
Other undisclosed noncurrent assets     8692
Total noncurrent assets:3,5283,1233,0622,8342,7232,705
TOTAL ASSETS:8,2937,8056,2035,1504,5274,791
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities617711518450411379
Taxes payable3023151011
Employee-related liabilities6555474035
Accounts payable444404297274249246
Accrued liabilities17321114311411387
Deferred revenue43434544
Debt   4  
Deferred revenue and credits4443
Other undisclosed current liabilities341211187162146138
Total current liabilities:1,002965750661601560
Noncurrent Liabilities
Liabilities, other than long-term debt266273292318315335
Deferred revenue and credits312334
Deferred revenue224243264287
Other liabilities4230273131
Total noncurrent liabilities:266273292318315335
Total liabilities:1,2681,2381,042979916896
Equity
Equity, attributable to parent, including:7,0256,5675,1614,1713,6113,895
Treasury stock, value(6,600)(5,829)(5,815)(5,220)(4,512)(3,170)
Additional paid in capital4,7804,6534,5384,3984,2384,151
Accumulated other comprehensive income (loss)(159)(69)3(32)(33)(17)
Retained earnings9,0017,8106,4325,0223,9152,928
Other undisclosed equity, attributable to parent333333
Total equity:7,0256,5675,1614,1713,6113,895
TOTAL LIABILITIES AND EQUITY:8,2937,8056,2035,1504,5274,791

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6,3115,5414,5994,2013,8073,369
Revenue, net3,369
Cost of revenue
(Cost of Goods and Services Sold)
(3,136)(2,433)(1,875)(1,682)(1,512)(1,231)
Gross profit:3,1753,1092,7242,5192,2952,138
Operating expenses(1,590)(1,311)(1,091)(1,116)(1,012)(939)
Operating income:1,5851,7971,6331,4031,2841,199
Nonoperating income (expense)(13)4(7)13103
Gain on contract termination     2735
Loss, foreign currency transaction, before tax    (4)(4)(3)
Other nonoperating income (expense)(13)4(7)   
Interest and debt expense(0)(0)(0)(0)  
Income from continuing operations before equity method investments, income taxes:1,5721,8011,6261,4161,2931,202
Other undisclosed income from continuing operations before income taxes0000  
Income from continuing operations before income taxes:1,5721,8011,6261,4161,2931,202
Income tax expense(380)(424)(217)(308)(300)(381)
Income from continuing operations:1,1921,3771,4101,108993821
Income before gain (loss) on sale of properties:1,3771,4101,108993821
Net income available to common stockholders, diluted:1,1921,3771,4101,108993821

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,1921,3771,4101,108993821
Other comprehensive loss(85)(71)    
Comprehensive income:1,1071,3061,4101,108993821
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)(1)350(16)7
Comprehensive income, net of tax, attributable to parent:1,1021,3051,4451,108977827

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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