10-Q Filing

MONSTER BEVERAGE CORP CIK: 865752 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001104659-17-030369`
Period End Date	20170331
Filing Date	20170508
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	mnst-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 26 Cash Flow Statement 76 Comprehensive Income 10

Balance Sheet 79 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`	1.25B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.25B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.53B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$377.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$576.34M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	624.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.18B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$377.58M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	623.20M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$209.37M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	566.57M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$220.55M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	567.77M	shares	Point-in-time
Common stock in treasury, shares	`TreasuryStockShares`	56.63M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$448.05M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$509.48M	USD	Point-in-time
Common stock in treasury, shares	`TreasuryStockShares`	56.64M	shares	Point-in-time
TCCC transaction receivable	`RelatedPartyTransactionDueFromToRelatedParty`	$125.00M	USD	Point-in-time
TCCC transaction receivable	`RelatedPartyTransactionDueFromToRelatedParty`	$62.50M	USD	Point-in-time
Inventories	`InventoryNet`	$171.29M	USD	Point-in-time
Inventories	`InventoryNet`	$161.97M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$46.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$32.56M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$41.14M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$66.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.43B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.62B	USD	Point-in-time
INVESTMENTS	`LongTermInvestments`	$477.00K	USD	Point-in-time
INVESTMENTS	`LongTermInvestments`	$2.39M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$173.34M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$189.63M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$173.34M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$189.63M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$158.74M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$159.56M	USD	Point-in-time
GOODWILL	`Goodwill`	$1.33B	USD	Point-in-time
GOODWILL	`Goodwill`	$1.33B	USD	Point-in-time
OTHER INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$1.03B	USD	Point-in-time
OTHER INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$1.03B	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$21.63M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$19.55M	USD	Point-in-time
Total Assets	`Assets`	$4.35B	USD	Point-in-time
Total Assets	`Assets`	$4.15B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$193.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$178.09M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$92.04M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$79.53M	USD	Point-in-time
Accrued promotional allowances	`AccruedPromotionalAllowancesLiabilitiesCurrent`	$110.24M	USD	Point-in-time
Accrued promotional allowances	`AccruedPromotionalAllowancesLiabilitiesCurrent`	$125.53M	USD	Point-in-time
Accrued distributor terminations	`AccruedDistributorTerminations`	$8.51M	USD	Point-in-time
Accrued distributor terminations	`AccruedDistributorTerminations`	$8.18M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$41.67M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$42.62M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$30.04M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$14.28M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$8.75M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$469.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$470.59M	USD	Point-in-time
DEFERRED REVENUE	`DeferredRevenueNoncurrent`	$349.70M	USD	Point-in-time
DEFERRED REVENUE	`DeferredRevenueNoncurrent`	$353.17M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $0.005 par value; 1,250,000 shares authorized; 624,405 shares issued and 567,769 outstanding as of March 31, 2017; 623,201 shares issued and 566,566 outstanding as of December 31, 2016	`CommonStockValueOutstanding`	$3.12M	USD	Point-in-time
Common stock - $0.005 par value; 1,250,000 shares authorized; 624,405 shares issued and 567,769 outstanding as of March 31, 2017; 623,201 shares issued and 566,566 outstanding as of December 31, 2016	`CommonStockValueOutstanding`	$3.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.07B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.05B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.11B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.29B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.25M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.92M	USD	Point-in-time
Common stock in treasury, at cost; 56,636 shares and 56,635 shares as of March 31, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$2.81B	USD	Point-in-time
Common stock in treasury, at cost; 56,636 shares and 56,635 shares as of March 31, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$2.81B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.53B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.33B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.15B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.35B	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueGoodsNet`	$742.15M	USD	1 Quarter
NET SALES	`SalesRevenueGoodsNet`	$680.19M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$257.09M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$261.27M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$480.87M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$423.10M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$216.61M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$168.38M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$264.26M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$254.71M	USD	1 Quarter
INTEREST and OTHER INCOME, net	`InterestAndOtherIncomeExpenseNet`	$608.00K	USD	1 Quarter
INTEREST and OTHER INCOME, net	`InterestAndOtherIncomeExpenseNet`	$658.00K	USD	1 Quarter
INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$255.32M	USD	1 Quarter
INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$264.92M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$86.94M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$91.44M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$163.88M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$177.98M	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.31	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.27	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.31	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.26	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	608.84M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	571.58M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	620.72M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	582.03M	shares	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$163.88M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$177.98M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.02M	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`	$268.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$13.14M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$10.06M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$9.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$1.86M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.44M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$58.55M	USD	1 Quarter
Distributor receivables	`IncreaseDecreaseInDistributorReceivables`	$951.00K	USD	1 Quarter
Distributor receivables	`IncreaseDecreaseInDistributorReceivables`	$1.66M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.79M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.64M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.37M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.84M	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-25.60M	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$10.54M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-19.32M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$36.09M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$12.24M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$6.79M	USD	1 Quarter
Accrued promotional allowances	`IncreaseDecreaseInAccruedPromotionalAllowancesLiabilitiesCurrent`	$13.14M	USD	1 Quarter
Accrued promotional allowances	`IncreaseDecreaseInAccruedPromotionalAllowancesLiabilitiesCurrent`	$14.11M	USD	1 Quarter
Accrued distributor terminations	`IncreaseDecreaseInAccruedDistributorTerminations`	$-2.85M	USD	1 Quarter
Accrued distributor terminations	`IncreaseDecreaseInAccruedDistributorTerminations`	$315.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-15.80M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-9.15M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.51M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-34.79M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-4.45M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$3.09M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$109.56M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$192.96M	USD	1 Quarter
Maturities of held-to-maturity investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$396.35M	USD	1 Quarter
Sales of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$71.55M	USD	1 Quarter
Purchases of held-to-maturity investments	`PaymentsToAcquireHeldToMaturitySecurities`	$152.05M	USD	1 Quarter
Purchases of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$58.31M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.21M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.09M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$452.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$381.00K	USD	1 Quarter
Increase in intangibles	`PaymentsToAcquireIntangibleAssets`	$2.34M	USD	1 Quarter
Increase in intangibles	`PaymentsToAcquireIntangibleAssets`	$848.00K	USD	1 Quarter
Decrease (increase) in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-142.00K	USD	1 Quarter
Decrease (increase) in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$52.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.30M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$234.27M	USD	1 Quarter
Principal payments on debt	`RepaymentsOfShortTermDebt`	$700.00K	USD	1 Quarter
Principal payments on debt	`RepaymentsOfShortTermDebt`	$522.00K	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$13.62M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$4.08M	USD	1 Quarter
Purchases of common stock held in treasury	`PaymentsForRepurchaseOfCommonStock`	$2.02M	USD	1 Quarter
Purchases of common stock held in treasury	`PaymentsForRepurchaseOfCommonStock`	$64.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.54M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$12.86M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-764.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$7.32M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$198.75M	USD	1 Quarter
NET INCREASE 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`	$377.58M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$576.34M	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`	$377.58M	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`	$377.58M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$576.34M	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`	$377.58M	USD	Point-in-time
Interest	`InterestPaid`	$16.00K	USD	1 Quarter
Interest	`InterestPaid`	$19.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$66.09M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$137.19M	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$163.88M	USD	1 Quarter
Net income, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$177.98M	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.20M	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$6.43M	USD	1 Quarter
Change in net unrealized gains	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$131.00K	USD	1 Quarter
Net change in available-for-sale investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$131.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.33M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$6.43M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$170.31M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$179.31M	USD	1 Quarter

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