$MNST

Monster Beverage Corp

CIK:0000865752|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
NET SALES	$ 2,537,473	$ 2,111,593	$ 4,890,764	$ 3,966,150
COST OF SALES	1,117,839	935,180	2,177,781	1,741,775
GROSS PROFIT	1,419,634	1,176,413	2,712,983	2,224,375
OPERATING EXPENSES	679,192	544,791	1,242,582	1,023,008
OPERATING INCOME	740,442	631,622	1,470,401	1,201,367
INTEREST and OTHER INCOME, net	27,827	15,065	47,997	23,337
INCOME BEFORE PROVISION FOR INCOME TAXES	768,269	646,687	1,518,398	1,224,704
PROVISION FOR INCOME TAXES	183,729	157,893	364,373	292,917
NET INCOME	$ 584,540	$ 488,794	$ 1,154,025	$ 931,787
NET INCOME PER COMMON SHARE:
Basic (in dollar per share)	$ 0.6	$ 0.5	$ 1.18	$ 0.96
Diluted (in dollar per share)	$ 0.59	$ 0.5	$ 1.17	$ 0.95
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS:
Basic (in shares)	978,662	975,749	978,487	974,691
Diluted (in shares)	988,479	983,997	988,456	982,748

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,154,025	$ 931,787
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	58,184	52,405
Non-cash lease expense	7,757	6,966
Gain on disposal of property and equipment	(1,433)	(641)
Loss on impairment of property and equipment	0	2,279
Stock-based compensation	63,965	53,854
Deferred income taxes	(412)	646
Effect on cash of changes in operating assets and liabilities:
Accounts receivable	(290,418)	(222,239)
Inventories	(73,782)	104,633
Prepaid expenses and other assets	(62,264)	(63,675)
Prepaid income taxes	3,457	14,512
Accounts payable	192,205	4,333
Accrued liabilities	18,359	28,510
Accrued promotional allowances	56,516	71,516
Accrued compensation	(27,136)	(22,146)
Income taxes payable	25,830	21,056
Other liabilities	(4,177)	(1,582)
Deferred revenue	(6,475)	(8,598)
Net cash provided by operating activities	1,114,201	973,616
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales and maturities of available-for-sale investments	507,415	0
Purchases of available-for-sale investments	(1,358,328)	(283,097)
Purchases of property and equipment	(69,031)	(60,460)
Proceeds from sale of property and equipment	2,909	2,334
Additions to intangibles	(6,567)	(15,399)
Increase in other assets	(5,713)	(1,107)
Net cash used in investing activities	(929,315)	(357,729)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on short-term debt	(3,584)	(5,023)
Payments on credit facilities	0	(375,000)
Issuance of common stock	78,865	87,684
Purchases of common stock held in treasury	(133,978)	(16,633)
Net cash used in financing activities	(58,697)	(308,972)
Effect of exchange rate changes on cash and cash equivalents	(21,882)	86,725
NET INCREASE IN CASH AND CASH EQUIVALENTS	104,307	393,640
CASH AND CASH EQUIVALENTS, beginning of period	2,088,117	1,533,287
CASH AND CASH EQUIVALENTS, end of period	2,192,424	1,926,927
Cash paid during the period for:
Interest	98	5,144
Income taxes	$ 332,057	$ 262,711

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 2,192,424	$ 2,088,117
Short-term investments	1,226,832	677,084
Accounts receivable, net	1,902,421	1,618,072
Inventories	867,674	799,623
Prepaid expenses and other current assets	148,691	103,551
Prepaid income taxes	67,034	74,637
Total current assets	6,405,076	5,361,084
INVESTMENTS	781,314	487,329
PROPERTY AND EQUIPMENT, net	1,095,810	1,081,544
DEFERRED INCOME TAXES, net	189,427	188,646
GOODWILL	1,331,643	1,331,643
OTHER INTANGIBLE ASSETS, net	1,381,827	1,379,268
OTHER ASSETS	197,194	159,431
Total Assets	11,382,291	9,988,945
CURRENT LIABILITIES:
Accounts payable	753,751	565,974
Accrued liabilities	335,527	306,085
Accrued promotional allowances	434,012	384,070
Deferred revenue	47,695	45,323
Accrued compensation	88,194	114,023
Income taxes payable	58,315	32,305
Total current liabilities	1,717,494	1,447,780
DEFERRED REVENUE	151,344	159,991
OTHER LIABILITIES	149,305	127,066
COMMITMENTS AND CONTINGENCIES (Note 10)
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 5,000,000 shares authorized; 1,136,078 shares issued and 979,490 shares outstanding as of June 30, 2026; 1,132,906 shares issued and 978,113 shares outstanding as of December 31, 2025	5,680	5,665
Additional paid-in capital	5,572,830	5,430,847
Retained earnings	10,508,241	9,354,216
Accumulated other comprehensive loss	(112,846)	(60,841)
Common stock in treasury, at cost; 156,588 shares and 154,793 shares as of June 30, 2026 and December 31, 2025, respectively	(6,609,757)	(6,475,779)
Total stockholders' equity	9,364,148	8,254,108
Total Liabilities and Stockholders' Equity	$ 11,382,291	$ 9,988,945