Monster Beverage Corporation (MNST) Financial Statements (2023 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)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,076 | 2,062 | 1,331 | 958 | 1,202 | 598 | 2,920 | ||
| Cash and cash equivalents | 1,326 | 1,180 | 798 | 638 | 529 | 378 | 2,175 | ||
| Short-term investments | 1,750 | 881 | 533 | 321 | 673 | 221 | 745 | ||
| Receivables | 897 | 666 | 540 | 485 | 449 | 448 | 353 | ||
| Inventory, net of allowances, customer advances and progress billings | 593 | 333 | 361 | 278 | 256 | 162 | 156 | ||
| Inventory | 593 | 333 | 361 | 278 | 256 | 162 | 156 | ||
| Prepaid expense | 33 | 25 | 29 | 39 | 139 | 67 | 2 | ||
| Other undisclosed current assets | 83 | 55 | 55 | 45 | 41 | 158 | 152 | ||
| Total current assets: | 4,682 | 3,141 | 2,316 | 1,804 | 2,086 | 1,432 | 3,583 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 314 | 315 | 299 | 243 | 230 | 173 | 97 | ||
| Long-term investments and receivables | 99 | 44 | 13 | 2 | 2 | 15 | |||
| Long-term investments | 99 | 44 | 13 | 2 | 2 | 15 | |||
| Intangible assets, net (including goodwill) | 2,404 | 2,391 | 2,384 | 2,378 | 2,366 | 2,364 | 1,708 | ||
| Goodwill | 1,332 | 1,332 | 1,332 | 1,332 | 1,332 | 1,332 | 1,280 | ||
| Intangible assets, net (excluding goodwill) | 1,072 | 1,059 | 1,052 | 1,046 | 1,034 | 1,033 | 428 | ||
| Deferred income tax assets | 225 | 242 | 85 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 80 | 70 | 54 | 16 | 14 | 22 | 11 | ||
| Other undisclosed noncurrent assets | 86 | 92 | 160 | 261 | |||||
| Total noncurrent assets: | 3,123 | 3,062 | 2,834 | 2,723 | 2,705 | 2,721 | 2,093 | ||
| TOTAL ASSETS: | 7,805 | 6,203 | 5,150 | 4,527 | 4,791 | 4,153 | 5,675 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 711 | 518 | 450 | 411 | 379 | 310 | 355 | ||
| Accounts payable | 404 | 297 | 274 | 249 | 246 | 193 | 145 | ||
| Accrued liabilities | 211 | 143 | 114 | 113 | 87 | 80 | 82 | ||
| Employee-related liabilities | 65 | 55 | 47 | 40 | 35 | 30 | 22 | ||
| Taxes payable | 30 | 23 | 15 | 10 | 11 | 8 | 107 | ||
| Deferred revenue | 43 | 45 | 44 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 4 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 44 | 43 | 42 | 32 | ||
| Other undisclosed current liabilities | 211 | 187 | 162 | 146 | 138 | 118 | 127 | ||
| Total current liabilities: | 965 | 750 | 661 | 601 | 560 | 471 | 514 | ||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 273 | 292 | 318 | 315 | 335 | 353 | 352 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 312 | 334 | 353 | 352 | ||
| Deferred revenue | 243 | 264 | 287 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 30 | 27 | 31 | 3 | 1 | ||||
| Total noncurrent liabilities: | 273 | 292 | 318 | 315 | 335 | 353 | 352 | ||
| Total liabilities: | 1,238 | 1,042 | 979 | 916 | 896 | 824 | 866 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 6,567 | 5,161 | 4,171 | 3,611 | 3,895 | 3,330 | 4,809 | ||
| Treasury stock, value | (5,829) | (5,815) | (5,220) | (4,512) | (3,170) | (2,809) | (556) | ||
| Additional paid in capital | 4,653 | 4,538 | 4,398 | 4,238 | 4,151 | 4,051 | 3,992 | ||
| Accumulated other comprehensive income (loss) | (69) | 3 | (32) | (33) | (17) | (23) | (22) | ||
| Retained earnings | 7,810 | 6,432 | 5,022 | 3,915 | 2,928 | 2,108 | 1,395 | ||
| Other undisclosed stockholders' equity attributable to parent | 3 | 3 | 3 | 3 | 3 | 3 | 1 | ||
| Total stockholders' equity: | 6,567 | 5,161 | 4,171 | 3,611 | 3,895 | 3,330 | 4,809 | ||
| TOTAL LIABILITIES AND EQUITY: | 7,805 | 6,203 | 5,150 | 4,527 | 4,791 | 4,153 | 5,675 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,541 | 4,599 | 4,201 | 3,807 | 3,369 | 3,049 | 2,723 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 3,369 | 3,049 | 2,723 | |
| Cost of revenue (Cost of Goods and Services Sold) | (2,433) | (1,875) | (1,682) | (1,512) | (1,231) | (1,107) | (1,090) | |
| Gross profit: | 3,109 | 2,724 | 2,519 | 2,295 | 2,138 | 1,942 | 1,632 | |
| Operating expenses | (1,311) | (1,091) | (1,116) | (1,012) | (939) | (857) | (900) | |
| Other undisclosed operating income | 161 | |||||||
| Operating income: | 1,797 | 1,633 | 1,403 | 1,284 | 1,199 | 1,085 | 894 | |
| Nonoperating income (expense) | 4 | (7) | 13 | 10 | 3 | (6) | (2) | |
| Gain on contract termination | 27 | 35 | 80 | |||||
| Foreign currency transaction gain (loss), before tax | (4) | (4) | (3) | 10 | 6 | |||
| Other nonoperating income (expense) | 4 | (7) | ||||||
| Interest and debt expense | (0) | (0) | (0) | |||||
| Income from continuing operations before equity method investments, income taxes: | 1,801 | 1,626 | 1,416 | 1,293 | 1,202 | 1,080 | 892 | |
| Other undisclosed income from continuing operations before income taxes | 0 | 0 | 0 | |||||
| Income from continuing operations before income taxes: | 1,801 | 1,626 | 1,416 | 1,293 | 1,202 | 1,080 | 892 | |
| Income tax expense | (424) | (217) | (308) | (300) | (381) | (367) | (345) | |
| Net income available to common stockholders, diluted: | 1,377 | 1,410 | 1,108 | 993 | 821 | 713 | 547 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,377 | 1,410 | 1,108 | 993 | 821 | 713 | 547 | |
| Other comprehensive loss | (71) | |||||||
| Comprehensive income: | 1,306 | 1,410 | 1,108 | 993 | 821 | 713 | 547 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1) | 35 | 0 | (16) | 7 | (1) | (10) | |
| Comprehensive income, net of tax, attributable to parent: | 1,305 | 1,445 | 1,108 | 977 | 827 | 711 | 536 | |
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.