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10-Q Filing

MONSTER BEVERAGE CORP CIK: 865752 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001104659-16-116437
Period End Date 20160331
Filing Date 20160502
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance mnst-20160331.xml
Filing Contents
Balance Sheet 76 line items
Line Item Tag Value Unit Period
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 240.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 240.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.53B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.18B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $362.79M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 207.18M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 207.02M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $370.32M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 203.04M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 202.90M shares Point-in-time
Short-term investments ShortTermInvestments $508.24M USD Point-in-time
Short-term investments ShortTermInvestments $744.61M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $352.95M USD Point-in-time
Common stock in treasury, shares TreasuryStockShares 4.13M shares Point-in-time
Common stock in treasury, shares TreasuryStockShares 4.12M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $416.70M USD Point-in-time
TCCC Transaction receivable RelatedPartyTransactionDueFromToRelatedParty $125.00M USD Point-in-time
TCCC Transaction receivable RelatedPartyTransactionDueFromToRelatedParty $125.00M USD Point-in-time
Inventories InventoryNet $165.93M USD Point-in-time
Inventories InventoryNet $156.12M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $36.46M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $26.97M USD Point-in-time
Prepaid income taxes PrepaidTaxes $12.43M USD Point-in-time
Prepaid income taxes PrepaidTaxes $1.53M USD Point-in-time
Total current assets AssetsCurrent $3.58B USD Point-in-time
Total current assets AssetsCurrent $3.79B USD Point-in-time
INVESTMENTS LongTermInvestments $7.42M USD Point-in-time
INVESTMENTS LongTermInvestments $15.35M USD Point-in-time
PROPERTY AND EQUIPMENT, net PropertyPlantAndEquipmentNet $99.26M USD Point-in-time
PROPERTY AND EQUIPMENT, net PropertyPlantAndEquipmentNet $97.35M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxAssetsNetNoncurrent $261.30M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxAssetsNetNoncurrent $261.31M USD Point-in-time
GOODWILL Goodwill $1.28B USD Point-in-time
GOODWILL Goodwill $1.28B USD Point-in-time
OTHER INTANGIBLE ASSETS, net IntangibleAssetsNetExcludingGoodwill $427.99M USD Point-in-time
OTHER INTANGIBLE ASSETS, net IntangibleAssetsNetExcludingGoodwill $428.58M USD Point-in-time
OTHER ASSETS OtherAssetsNoncurrent $10.87M USD Point-in-time
OTHER ASSETS OtherAssetsNoncurrent $14.35M USD Point-in-time
Total Assets Assets $5.68B USD Point-in-time
Total Assets Assets $5.88B USD Point-in-time
Accounts payable AccountsPayableCurrent $144.76M USD Point-in-time
Accounts payable AccountsPayableCurrent $183.22M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $96.73M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $81.79M USD Point-in-time
Accrued promotional allowances AccruedPromotionalAllowancesLiabilitiesCurrent $115.53M USD Point-in-time
Accrued promotional allowances AccruedPromotionalAllowancesLiabilitiesCurrent $131.09M USD Point-in-time
Accrued distributor terminations AccruedDistributorTerminations $8.66M USD Point-in-time
Accrued distributor terminations AccruedDistributorTerminations $11.02M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $36.23M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $32.27M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $12.98M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $22.16M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $106.66M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $71.75M USD Point-in-time
Total current liabilities LiabilitiesCurrent $540.65M USD Point-in-time
Total current liabilities LiabilitiesCurrent $514.19M USD Point-in-time
DEFERRED REVENUE DeferredRevenueNoncurrent $350.98M USD Point-in-time
DEFERRED REVENUE DeferredRevenueNoncurrent $351.59M USD Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 11) CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 11) CommitmentsAndContingencies - USD Point-in-time
Common stock - $0.005 par value; 240,000 shares authorized; 207,175 shares issued and 203,041 outstanding as of March 31, 2016; 207,019 shares issued and 202,900 shares outstanding as of December 31, 2015 CommonStockValueOutstanding $1.03M USD Point-in-time
Common stock - $0.005 par value; 240,000 shares authorized; 207,175 shares issued and 203,041 outstanding as of March 31, 2016; 207,019 shares issued and 202,900 shares outstanding as of December 31, 2015 CommonStockValueOutstanding $1.04M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $4.01B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $3.99B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.39B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.56B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-15.44M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-21.88M USD Point-in-time
Common stock in treasury, at cost; 4,134 shares and 4,119 shares as of March 31, 2016 and December 31, 2015, respectively TreasuryStockValue $556.47M USD Point-in-time
Common stock in treasury, at cost; 4,134 shares and 4,119 shares as of March 31, 2016 and December 31, 2015, respectively TreasuryStockValue $558.48M USD Point-in-time
Total stockholders' equity StockholdersEquity $4.99B USD Point-in-time
Total stockholders' equity StockholdersEquity $4.81B USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $5.68B USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $5.88B USD Point-in-time
Income Statement 26 line items
Line Item Tag Value Unit Period
NET SALES SalesRevenueGoodsNet $626.79M USD 1 Quarter
NET SALES SalesRevenueGoodsNet $680.19M USD 1 Quarter
COST OF SALES CostOfGoodsSold $257.83M USD 1 Quarter
COST OF SALES CostOfGoodsSold $257.09M USD 1 Quarter
GROSS PROFIT GrossProfit $368.96M USD 1 Quarter
GROSS PROFIT GrossProfit $423.10M USD 1 Quarter
OPERATING EXPENSES OperatingExpenses $168.38M USD 1 Quarter
OPERATING EXPENSES OperatingExpenses $361.33M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $7.63M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $254.71M USD 1 Quarter
INTEREST and OTHER INCOME, net InterestAndOtherIncomeExpenseNet $1.23M USD 1 Quarter
INTEREST and OTHER INCOME, net InterestAndOtherIncomeExpenseNet $608.00K USD 1 Quarter
INCOME BEFORE PROVISION FOR INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $255.32M USD 1 Quarter
INCOME BEFORE PROVISION FOR INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $8.86M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $91.44M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $4.45M USD 1 Quarter
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $4.41M USD 1 Quarter
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $163.88M USD 1 Quarter
Basic (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $0.03 USD 1 Quarter
Basic (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $0.81 USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.03 USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.79 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 202.95M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 169.87M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 173.78M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 206.91M shares 1 Quarter
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Net income NetIncomeLossAvailableToCommonStockholdersBasic $4.41M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $163.88M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $9.02M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $6.47M USD 1 Quarter
Loss (gain) on disposal of property and equipment GainLossOnSaleOfPropertyPlantEquipment $46.00K USD 1 Quarter
Loss (gain) on disposal of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-46.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $10.06M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $6.35M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxNoncashExpenseBenefit $9.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $58.55M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $68.14M USD 1 Quarter
Distributor receivables IncreaseDecreaseInDistributorReceivables $-66.00K USD 1 Quarter
Distributor receivables IncreaseDecreaseInDistributorReceivables $1.66M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $26.55M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $7.64M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $12.84M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.89M USD 1 Quarter
Prepaid income taxes IncreaseDecreaseInPrepaidTaxes $10.54M USD 1 Quarter
Prepaid income taxes IncreaseDecreaseInPrepaidTaxes $13.50M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $36.09M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $42.74M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $5.39M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $12.24M USD 1 Quarter
Accrued promotional allowances IncreaseDecreaseInAccruedPromotionalAllowancesLiabilitiesCurrent $13.14M USD 1 Quarter
Accrued promotional allowances IncreaseDecreaseInAccruedPromotionalAllowancesLiabilitiesCurrent $-2.16M USD 1 Quarter
Accrued distributor terminations IncreaseDecreaseInAccruedDistributorTerminations $205.98M USD 1 Quarter
Accrued distributor terminations IncreaseDecreaseInAccruedDistributorTerminations $-2.85M USD 1 Quarter
Accrued compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-9.15M USD 1 Quarter
Accrued compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-7.87M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-34.79M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-4.30M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-40.04M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $3.09M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $102.92M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $109.56M USD 1 Quarter
Maturities of held-to-maturity investments ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities $396.35M USD 1 Quarter
Maturities of held-to-maturity investments ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities $253.73M USD 1 Quarter
Sales of available-for-sale investments ProceedsFromSaleOfAvailableForSaleSecurities $101.00K USD 1 Quarter
Purchases of held-to-maturity investments PaymentsToAcquireHeldToMaturitySecurities $152.05M USD 1 Quarter
Purchases of held-to-maturity investments PaymentsToAcquireHeldToMaturitySecurities $118.28M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.69M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $8.21M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $381.00K USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $102.00K USD 1 Quarter
Increase in intangibles PaymentsToAcquireIntangibleAssets $2.34M USD 1 Quarter
Increase in intangibles PaymentsToAcquireIntangibleAssets $1.55M USD 1 Quarter
Decrease in other assets PaymentsForProceedsFromOtherInvestingActivities $-142.00K USD 1 Quarter
Decrease in other assets PaymentsForProceedsFromOtherInvestingActivities $-227.00K USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $129.64M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $234.27M USD 1 Quarter
Principal payments on debt RepaymentsOfShortTermDebt $196.00K USD 1 Quarter
Principal payments on debt RepaymentsOfShortTermDebt $522.00K USD 1 Quarter
Issuance of common stock ProceedsFromIssuanceOfCommonStock $19.12M USD 1 Quarter
Issuance of common stock ProceedsFromIssuanceOfCommonStock $4.08M USD 1 Quarter
Purchases of common stock held in treasury PaymentsForRepurchaseOfCommonStock $251.38M USD 1 Quarter
Purchases of common stock held in treasury PaymentsForRepurchaseOfCommonStock $2.02M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-232.46M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $1.54M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $7.32M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-7.64M USD 1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-7.54M USD 1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $352.69M USD 1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $2.53B USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $2.18B USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $362.79M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $370.32M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $2.53B USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $2.18B USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $362.79M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $370.32M USD Point-in-time
Interest InterestPaid $5.00K USD 1 Quarter
Interest InterestPaid $16.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $22.70M USD 1 Quarter
Income taxes IncomeTaxesPaid $137.19M USD 1 Quarter
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net income, as reported NetIncomeLossAvailableToCommonStockholdersBasic $4.41M USD 1 Quarter
Net income, as reported NetIncomeLossAvailableToCommonStockholdersBasic $163.88M USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $6.43M USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-9.98M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $6.43M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-9.98M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-5.57M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $170.31M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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