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10-Q Filing

MONSTER BEVERAGE CORP CIK: 865752 Q2 2022
Filing Information
Form Type 10-Q
Accession Number 0001104659-22-086741
Period End Date 20220630
Filing Date 20220805
Fiscal Year 2022
Fiscal Period Q2
XBRL Instance mnst-20220630x10q_htm.xml
Filing Contents
Income Statement 54 line items
Line Item Tag Value Unit Period
NET SALES RevenueFromContractWithCustomerExcludingAssessedTax $1.46B USD 1 Quarter
NET SALES RevenueFromContractWithCustomerExcludingAssessedTax $1.66B USD 1 Quarter
NET SALES RevenueFromContractWithCustomerExcludingAssessedTax $3.17B USD 2 Qtrs
NET SALES RevenueFromContractWithCustomerExcludingAssessedTax $2.71B USD 2 Qtrs
COST OF SALES CostOfGoodsAndServicesSold $1.15B USD 2 Qtrs
COST OF SALES CostOfGoodsAndServicesSold $875.40M USD 1 Quarter
COST OF SALES CostOfGoodsAndServicesSold $1.62B USD 2 Qtrs
COST OF SALES CostOfGoodsAndServicesSold $625.10M USD 1 Quarter
GROSS PROFIT GrossProfit $1.56B USD 2 Qtrs
GROSS PROFIT GrossProfit $836.84M USD 1 Quarter
GROSS PROFIT GrossProfit $779.86M USD 1 Quarter
GROSS PROFIT GrossProfit $1.55B USD 2 Qtrs
OPERATING EXPENSES OperatingExpenses $784.09M USD 2 Qtrs
OPERATING EXPENSES OperatingExpenses $611.65M USD 2 Qtrs
OPERATING EXPENSES OperatingExpenses $406.91M USD 1 Quarter
OPERATING EXPENSES OperatingExpenses $310.86M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $772.44M USD 2 Qtrs
OPERATING INCOME OperatingIncomeLoss $525.98M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $372.95M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $940.12M USD 2 Qtrs
INTEREST and OTHER (EXPENSE) INCOME, net OtherNonoperatingIncomeExpense $-6.78M USD 1 Quarter
INTEREST and OTHER (EXPENSE) INCOME, net OtherNonoperatingIncomeExpense $-14.08M USD 2 Qtrs
INTEREST and OTHER (EXPENSE) INCOME, net OtherNonoperatingIncomeExpense $872.00K USD 1 Quarter
INTEREST and OTHER (EXPENSE) INCOME, net OtherNonoperatingIncomeExpense $111.00K USD 2 Qtrs
INCOME BEFORE PROVISION FOR INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $366.17M USD 1 Quarter
INCOME BEFORE PROVISION FOR INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $940.23M USD 2 Qtrs
INCOME BEFORE PROVISION FOR INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $526.85M USD 1 Quarter
INCOME BEFORE PROVISION FOR INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $758.36M USD 2 Qtrs
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $190.80M USD 2 Qtrs
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $92.81M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $123.08M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $221.28M USD 2 Qtrs
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $403.76M USD 1 Quarter
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $294.20M USD 1 Quarter
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $273.36M USD 1 Quarter
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $567.56M USD 2 Qtrs
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $315.19M USD 1 Quarter
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $718.96M USD 2 Qtrs
Basic IncomeLossFromContinuingOperationsPerBasicShare $0.76 USD 1 Quarter
Basic IncomeLossFromContinuingOperationsPerBasicShare $1.07 USD 2 Qtrs
Basic IncomeLossFromContinuingOperationsPerBasicShare $1.36 USD 2 Qtrs
Basic IncomeLossFromContinuingOperationsPerBasicShare $0.52 USD 1 Quarter
Diluted IncomeLossFromContinuingOperationsPerDilutedShare $1.06 USD 2 Qtrs
Diluted IncomeLossFromContinuingOperationsPerDilutedShare $0.75 USD 1 Quarter
Diluted IncomeLossFromContinuingOperationsPerDilutedShare $0.51 USD 1 Quarter
Diluted IncomeLossFromContinuingOperationsPerDilutedShare $1.34 USD 2 Qtrs
Basic WeightedAverageNumberOfSharesOutstandingBasic 528.62M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 528.65M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 528.42M shares 2 Qtrs
Basic WeightedAverageNumberOfSharesOutstandingBasic 529.01M shares 2 Qtrs
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 535.32M shares 2 Qtrs
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 535.56M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 534.81M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 535.21M shares 2 Qtrs
Cash Flow Statement 78 line items
Line Item Tag Value Unit Period
Accrued liabilities for intangible assets NetChangeInAccruedLiabilitiesIncurredButNotYetPaid $3.40M USD 2 Qtrs
Accrued liabilities for intangible assets NetChangeInAccruedLiabilitiesIncurredButNotYetPaid $1.30M USD 2 Qtrs
Net income ProfitLoss $718.96M USD 2 Qtrs
Net income ProfitLoss $567.56M USD 2 Qtrs
Accounts payable on short-term investments ShortTermInvestmentsPurchasedButNotYetPaid $3.40M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $30.43M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $25.50M USD 2 Qtrs
Non-cash lease expense NonCashLeaseExpense $1.99M USD 2 Qtrs
Non-cash lease expense NonCashLeaseExpense $3.22M USD 2 Qtrs
Gain on disposal of property and equipment GainLossOnSaleOfPropertyPlantEquipment $822.00K USD 2 Qtrs
Gain on disposal of property and equipment GainLossOnSaleOfPropertyPlantEquipment $69.00K USD 2 Qtrs
Stock-based compensation ShareBasedCompensation $32.61M USD 2 Qtrs
Stock-based compensation ShareBasedCompensation $35.69M USD 2 Qtrs
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-353.00K USD 2 Qtrs
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-21.93M USD 2 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $239.54M USD 2 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $289.24M USD 2 Qtrs
Inventories IncreaseDecreaseInInventories $52.54M USD 2 Qtrs
Inventories IncreaseDecreaseInInventories $299.08M USD 2 Qtrs
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $55.66M USD 2 Qtrs
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $28.23M USD 2 Qtrs
Prepaid income taxes IncreaseDecreaseInPrepaidTaxes $-2.45M USD 2 Qtrs
Prepaid income taxes IncreaseDecreaseInPrepaidTaxes $1.22M USD 2 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $63.62M USD 2 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $85.50M USD 2 Qtrs
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-789.00K USD 2 Qtrs
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $29.88M USD 2 Qtrs
Accrued promotional allowances IncreaseDecreaseInAccruedPromotionalAllowancesLiabilitiesCurrent $42.66M USD 2 Qtrs
Accrued promotional allowances IncreaseDecreaseInAccruedPromotionalAllowancesLiabilitiesCurrent $77.75M USD 2 Qtrs
Accrued compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-10.78M USD 2 Qtrs
Accrued compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-15.31M USD 2 Qtrs
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-14.67M USD 2 Qtrs
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $7.70M USD 2 Qtrs
Other liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-3.21M USD 2 Qtrs
Other liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $621.00K USD 2 Qtrs
Deferred revenue IncreaseDecreaseInCustomerLiability $-10.92M USD 2 Qtrs
Deferred revenue IncreaseDecreaseInCustomerLiability $-9.10M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $586.59M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $130.66M USD 2 Qtrs
Sales of available-for-sale investments ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $1.41B USD 2 Qtrs
Sales of available-for-sale investments ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $660.97M USD 2 Qtrs
Purchases of available-for-sale investments PaymentsToAcquireAvailableForSaleSecuritiesDebt $964.27M USD 2 Qtrs
Purchases of available-for-sale investments PaymentsToAcquireAvailableForSaleSecuritiesDebt $795.47M USD 2 Qtrs
Acquisition of CANarchy, net of cash PaymentsToAcquireBusinessesGross $329.47M USD 2 Qtrs
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $15.52M USD 2 Qtrs
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $99.45M USD 2 Qtrs
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.02M USD 2 Qtrs
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $372.00K USD 2 Qtrs
Additions to intangibles PaymentsToProceedsFromIntangiblesAssets $9.89M USD 2 Qtrs
Additions to intangibles PaymentsToProceedsFromIntangiblesAssets $9.93M USD 2 Qtrs
Increase in other assets PaymentsForProceedsFromOtherInvestingActivities $21.24M USD 2 Qtrs
Increase in other assets PaymentsForProceedsFromOtherInvestingActivities $12.74M USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-5.74M USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-180.16M USD 2 Qtrs
Borrowings on debt ProceedsFromRepaymentsOfShortTermDebt $4.92M USD 2 Qtrs
Borrowings on debt ProceedsFromRepaymentsOfShortTermDebt $3.62M USD 2 Qtrs
Issuance of common stock ProceedsFromIssuanceOfCommonStock $24.49M USD 2 Qtrs
Issuance of common stock ProceedsFromIssuanceOfCommonStock $22.62M USD 2 Qtrs
Purchases of common stock held in treasury PaymentsForRepurchaseOfCommonStock $13.82M USD 2 Qtrs
Purchases of common stock held in treasury PaymentsForRepurchaseOfCommonStock $296.50M USD 2 Qtrs
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-268.95M USD 2 Qtrs
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $14.29M USD 2 Qtrs
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-50.40M USD 2 Qtrs
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-16.89M USD 2 Qtrs
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $403.83M USD 2 Qtrs
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-194.42M USD 2 Qtrs
CASH AND CASH EQUIVALENTS, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.33B USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.13B USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.58B USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.18B USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.33B USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.13B USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.58B USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.18B USD Point-in-time
Interest InterestPaidNet $52.00K USD 2 Qtrs
Interest InterestPaidNet $227.00K USD 2 Qtrs
Income taxes IncomeTaxesPaid $215.80M USD 2 Qtrs
Income taxes IncomeTaxesPaid $209.51M USD 2 Qtrs
Stockholders Equity 39 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $6.87B USD Point-in-time
Balance StockholdersEquity $5.91B USD Point-in-time
Balance StockholdersEquity $6.81B USD Point-in-time
Balance StockholdersEquity $6.57B USD Point-in-time
Balance StockholdersEquity $5.46B USD Point-in-time
Balance StockholdersEquity $5.16B USD Point-in-time
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $16.92M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $17.95M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $16.16M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $16.18M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $4.51M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $18.11M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $17.73M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $6.76M USD 1 Quarter
Exercise of stock options (in shares) StockIssuedDuringPeriodSharesStockOptionsExercised 520,000.00 shares 2 Qtrs
Unrealized gain, net on available-for-sale securities AvailableForSaleDebtSecuritiesGrossUnrealizedGain $24.00K USD 1 Quarter
Unrealized loss, net on available-for-sale securities AvailableForSaleDebtSecuritiesGrossUnrealizedLoss $1.10M USD 1 Quarter
Unrealized loss, net on available-for-sale securities AvailableForSaleDebtSecuritiesGrossUnrealizedLoss $4.06M USD 1 Quarter
Unrealized loss, net on available-for-sale securities AvailableForSaleDebtSecuritiesGrossUnrealizedLoss $183.00K USD 1 Quarter
Repurchase of common stock TreasuryStockValueAcquiredCostMethod $284.31M USD 1 Quarter
Repurchase of common stock TreasuryStockValueAcquiredCostMethod $399.00K USD 1 Quarter
Repurchase of common stock TreasuryStockValueAcquiredCostMethod $12.19M USD 1 Quarter
Repurchase of common stock TreasuryStockValueAcquiredCostMethod $13.42M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $1.08M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $-79.71M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $-27.93M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $8.23M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $403.76M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $294.20M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $273.36M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $567.56M USD 2 Qtrs
Net income NetIncomeLossAvailableToCommonStockholdersBasic $315.19M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $718.96M USD 2 Qtrs
Balance StockholdersEquity $6.87B USD Point-in-time
Balance StockholdersEquity $5.91B USD Point-in-time
Balance StockholdersEquity $6.81B USD Point-in-time
Balance StockholdersEquity $6.57B USD Point-in-time
Balance StockholdersEquity $5.46B USD Point-in-time
Balance StockholdersEquity $5.16B USD Point-in-time
Comprehensive Income 26 line items
Line Item Tag Value Unit Period
Net income, as reported NetIncomeLossAvailableToCommonStockholdersBasic $403.76M USD 1 Quarter
Net income, as reported NetIncomeLossAvailableToCommonStockholdersBasic $294.20M USD 1 Quarter
Net income, as reported NetIncomeLossAvailableToCommonStockholdersBasic $273.36M USD 1 Quarter
Net income, as reported NetIncomeLossAvailableToCommonStockholdersBasic $567.56M USD 2 Qtrs
Net income, as reported NetIncomeLossAvailableToCommonStockholdersBasic $315.19M USD 1 Quarter
Net income, as reported NetIncomeLossAvailableToCommonStockholdersBasic $718.96M USD 2 Qtrs
Change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-79.71M USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $8.23M USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-78.63M USD 2 Qtrs
Change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-19.70M USD 2 Qtrs
Change in net unrealized (losses) gains OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-1.10M USD 1 Quarter
Change in net unrealized (losses) gains OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-183.00K USD 1 Quarter
Change in net unrealized (losses) gains OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-5.16M USD 2 Qtrs
Change in net unrealized (losses) gains OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-160.00K USD 2 Qtrs
Net change in available-for-sale investments OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-183.00K USD 1 Quarter
Net change in available-for-sale investments OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-1.10M USD 1 Quarter
Net change in available-for-sale investments OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-160.00K USD 2 Qtrs
Net change in available-for-sale investments OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-5.16M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-83.79M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-80.81M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-19.86M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $8.05M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $483.77M USD 2 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTax $411.81M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $699.10M USD 2 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTax $192.55M USD 1 Quarter

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

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