Monster Beverage Corporation (MNST) financial statements (2022 and earlier)

Company profile

Business Address 1 MONSTER WAY
CORONA, CA 92879
State of Incorp.
Fiscal Year End December 31
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)

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 investments3,0762,0621,3319581,2025982,920
Cash and cash equivalents1,3261,1807986385293782,175
Short-term investments1,750881533321673221745
Receivables897666540485449448353
Inventory, net of allowances, customer advances and progress billings593333361278256162156
Inventory593333361278256162156
Prepaid expense33252939139672
Other undisclosed current assets8355554541158152
Total current assets:4,6823,1412,3161,8042,0861,4323,583
Noncurrent Assets
Property, plant and equipment31431529924323017397
Long-term investments and receivables994413 2215
Long-term investments994413 2215
Intangible assets, net (including goodwill)2,4042,3912,3842,3782,3662,3641,708
Goodwill1,3321,3321,3321,3321,3321,3321,280
Intangible assets, net (excluding goodwill)1,0721,0591,0521,0461,0341,033428
Deferred income tax assets22524285
Other noncurrent assets80705416142211
Other undisclosed noncurrent assets   8692160261
Total noncurrent assets:3,1233,0622,8342,7232,7052,7212,093
TOTAL ASSETS:7,8056,2035,1504,5274,7914,1535,675
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities711518450411379310355
Accounts payable404297274249246193145
Accrued liabilities211143114113878082
Employee-related liabilities65554740353022
Taxes payable30231510118107
Deferred revenue434544
Debt  4    
Deferred revenue and credits44434232
Other undisclosed current liabilities211187162146138118127
Total current liabilities:965750661601560471514
Noncurrent Liabilities
Liabilities, other than long-term debt273292318315335353352
Deferred revenue and credits312334353352
Deferred revenue243264287
Other liabilities30273131  
Total noncurrent liabilities:273292318315335353352
Total liabilities:1,2381,042979916896824866
Stockholders' equity
Stockholders' equity attributable to parent, including:6,5675,1614,1713,6113,8953,3304,809
Treasury stock, value(5,829)(5,815)(5,220)(4,512)(3,170)(2,809)(556)
Additional paid in capital4,6534,5384,3984,2384,1514,0513,992
Accumulated other comprehensive income (loss)(69)3(32)(33)(17)(23)(22)
Retained earnings7,8106,4325,0223,9152,9282,1081,395
Other undisclosed stockholders' equity attributable to parent3333331
Total stockholders' equity:6,5675,1614,1713,6113,8953,3304,809
TOTAL LIABILITIES AND EQUITY:7,8056,2035,1504,5274,7914,1535,675

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5,5414,5994,2013,8073,3693,0492,723
Revenue, net3,3693,0492,723
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:3,1092,7242,5192,2952,1381,9421,632
Operating expenses(1,311)(1,091)(1,116)(1,012)(939)(857)(900)
Other undisclosed operating income      161
Operating income:1,7971,6331,4031,2841,1991,085894
Nonoperating income (expense)4(7)13103(6)(2)
Gain on contract termination   273580 
Foreign currency transaction gain (loss), before tax  (4)(4)(3)106
Other nonoperating income (expense)4(7)     
Interest and debt expense(0)(0)(0)    
Income from continuing operations before equity method investments, income taxes:1,8011,6261,4161,2931,2021,080892
Other undisclosed income from continuing operations before income taxes000    
Income from continuing operations before income taxes:1,8011,6261,4161,2931,2021,080892
Income tax expense(424)(217)(308)(300)(381)(367)(345)
Net income available to common stockholders, diluted:1,3771,4101,108993821713547

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,3771,4101,108993821713547
Other comprehensive loss(71)      
Comprehensive income:1,3061,4101,108993821713547
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)350(16)7(1)(10)
Comprehensive income, net of tax, attributable to parent:1,3051,4451,108977827711536

Statements sources

The financial statements are based on the company's filings with the 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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