2014 Q2 Form 10-Q Financial Statement

#000110465914058875 Filed on August 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q4 2013 Q2
Revenue $687.2M $540.8M $630.9M
YoY Change 8.92% 14.7% 6.46%
Cost Of Revenue $307.9M $263.7M $294.7M
YoY Change 4.49% 15.86% 3.16%
Gross Profit $379.3M $277.2M $336.3M
YoY Change 12.8% 13.64% 9.53%
Gross Profit Margin 55.19% 51.25% 53.3%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.544M $6.300M $5.277M
YoY Change 24.01% 18.87% 3.21%
% of Gross Profit 1.73% 2.27% 1.57%
Operating Expenses $163.5M $142.4M $156.8M
YoY Change 4.23% 9.54% 14.28%
Operating Profit $215.8M $134.8M $179.4M
YoY Change 20.28% 18.33% 5.69%
Interest Expense $200.0K -$3.000M -$3.400M
YoY Change -105.88% 30.43% 3300.0%
% of Operating Profit 0.09% -2.23% -1.89%
Other Income/Expense, Net $178.0K -$3.402M
YoY Change -105.23% 5570.0%
Pretax Income $216.0M $131.7M $176.0M
YoY Change 22.7% 18.01% 3.72%
Income Tax $75.00M $55.60M $69.15M
% Of Pretax Income 34.72% 42.22% 39.29%
Net Earnings $141.0M $76.10M $106.9M
YoY Change 31.9% 11.91% -2.64%
Net Earnings / Revenue 20.52% 14.07% 16.94%
Basic Earnings Per Share
Diluted Earnings Per Share $270.2K $146.2K $201.7K
COMMON SHARES
Basic Shares Outstanding 167.1M shares 167.7M shares 166.4M shares
Diluted Shares Outstanding 174.0M shares 173.4M shares

Balance Sheet

Concept 2014 Q2 2013 Q4 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $827.0M $613.6M $432.0M
YoY Change 91.44% 91.99% -50.36%
Cash & Equivalents $373.1M $211.3M $283.8M
Short-Term Investments $454.0M $402.2M $148.2M
Other Short-Term Assets $53.60M $51.80M $80.10M
YoY Change -33.08% -31.57% 107.51%
Inventory $207.9M $221.4M $233.5M
Prepaid Expenses
Receivables $395.5M $291.6M $342.2M
Other Receivables $3.300M $4.600M $6.000M
Total Short-Term Assets $1.487B $1.183B $1.094B
YoY Change 35.98% 41.67% -22.66%
LONG-TERM ASSETS
Property, Plant & Equipment $91.22M $88.14M $83.53M
YoY Change 9.21% 27.49% 49.31%
Goodwill
YoY Change
Intangibles $66.35M $65.77M $59.73M
YoY Change 11.09% 20.36% 17.4%
Long-Term Investments $51.70M $9.800M $12.00M
YoY Change 330.83% -54.21% -42.58%
Other Assets $8.972M $10.15M $7.407M
YoY Change 21.13% 183.72% -87.57%
Total Long-Term Assets $281.6M $237.5M $224.0M
YoY Change 25.72% 14.03% 19.66%
TOTAL ASSETS
Total Short-Term Assets $1.487B $1.183B $1.094B
Total Long-Term Assets $281.6M $237.5M $224.0M
Total Assets $1.769B $1.421B $1.318B
YoY Change 34.23% 36.15% -17.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $155.8M $119.4M $144.4M
YoY Change 7.89% -6.25% -8.14%
Accrued Expenses $80.79M $59.11M $178.0M
YoY Change -54.61% 51.9% 39.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $404.8M $316.0M $346.2M
YoY Change 16.95% 9.52% 15.46%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $108.5M $112.2M $115.6M
YoY Change -6.14% 1.63% 1.58%
Total Long-Term Liabilities $108.5M $112.2M $115.6M
YoY Change -6.14% 1.63% 1.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $404.8M $316.0M $346.2M
Total Long-Term Liabilities $108.5M $112.2M $115.6M
Total Liabilities $513.4M $428.2M $461.8M
YoY Change 11.17% 7.35% 11.65%
SHAREHOLDERS EQUITY
Retained Earnings $2.084B $1.847B
YoY Change 22.45%
Common Stock $394.6M $368.1M
YoY Change 27.82%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.223B $1.223B $1.169B
YoY Change 4.64% 5.85%
Treasury Stock Shares 39.19M shares 39.19M shares 38.24M shares
Shareholders Equity $1.256B $992.3M $856.0M
YoY Change
Total Liabilities & Shareholders Equity $1.769B $1.421B $1.318B
YoY Change 34.24% 36.15% -17.71%

Cashflow Statement

Concept 2014 Q2 2013 Q4 2013 Q2
OPERATING ACTIVITIES
Net Income $141.0M $76.10M $106.9M
YoY Change 31.9% 11.91% -2.64%
Depreciation, Depletion And Amortization $6.544M $6.300M $5.277M
YoY Change 24.01% 18.87% 3.21%
Cash From Operating Activities $122.6M $66.20M $53.80M
YoY Change 127.88% -5.02% -26.6%
INVESTING ACTIVITIES
Capital Expenditures -$5.200M -$8.200M -$13.80M
YoY Change -62.32% -52.05% 155.56%
Acquisitions
YoY Change
Other Investing Activities -$58.80M -$84.90M -$41.40M
YoY Change 42.03% -140.43% 28.57%
Cash From Investing Activities -$64.10M -$93.10M -$55.20M
YoY Change 16.12% -148.29% 47.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.300M -51.60M 42.10M
YoY Change -94.54% -84.04% 638.6%
NET CHANGE
Cash From Operating Activities 122.6M 66.20M 53.80M
Cash From Investing Activities -64.10M -93.10M -55.20M
Cash From Financing Activities 2.300M -51.60M 42.10M
Net Change In Cash 60.80M -78.50M 40.70M
YoY Change 49.39% 28.9% -1.93%
FREE CASH FLOW
Cash From Operating Activities $122.6M $66.20M $53.80M
Capital Expenditures -$5.200M -$8.200M -$13.80M
Free Cash Flow $127.8M $74.40M $67.60M
YoY Change 89.05% -14.29% -14.1%

Facts In Submission

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CY2013Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-2441000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-3533000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1525000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-1525000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2441000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5058000 USD
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
104432000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
165311000 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
141513000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
510000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
612000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
236866000 USD
mnst Increase Decrease In Accrued Distributor Terminations
IncreaseDecreaseInAccruedDistributorTerminations
165000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
185000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
216000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
15089000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
14392000 USD
mnst Gain Loss On Put Option Of Securities
GainLossOnPutOptionOfSecurities
-97000 USD
mnst Gain Loss On Put Option Of Securities
GainLossOnPutOptionOfSecurities
-243000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
84000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
2881000 USD
mnst Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
168000 USD
mnst Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
-926000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
104993000 USD
mnst Increase Decrease In Distributor Receivables
IncreaseDecreaseInDistributorReceivables
-1242000 USD
mnst Increase Decrease In Distributor Receivables
IncreaseDecreaseInDistributorReceivables
5310000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-3180000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
33972000 USD
us-gaap Interest Paid
InterestPaid
19000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
119654000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
82720000 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
373051000 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
283839000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
222514000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
100000 USD
CY2013 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2000000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
500000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
1800000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-108018000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
3450000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4189000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8523000 USD
us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
-2503000 USD
us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
4118000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
36113000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
16877000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
17529000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
15987000 USD
mnst Increase Decrease In Accrued Promotional Allowances Liabilities Current
IncreaseDecreaseInAccruedPromotionalAllowancesLiabilitiesCurrent
31776000 USD
mnst Increase Decrease In Accrued Promotional Allowances Liabilities Current
IncreaseDecreaseInAccruedPromotionalAllowancesLiabilitiesCurrent
22188000 USD
mnst Increase Decrease In Accrued Distributor Terminations
IncreaseDecreaseInAccruedDistributorTerminations
3464000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-4618000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-4122000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
6780000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
33019000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
6788000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
99720000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
258977000 USD
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
107416000 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
154525000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22497000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8665000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
5101000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
4538000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-70580000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
794000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
28883000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
16288000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13396000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
756000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
1204000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
9987000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
161702000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
61325000 USD
us-gaap Interest Paid
InterestPaid
18000 USD
CY2014Q2 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
63443000 USD
CY2013Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1300000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
900000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1100000 shares
CY2014Q2 us-gaap Assets Current
AssetsCurrent
1487353000 USD
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.41
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.84
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.36
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.81
CY2014Q2 us-gaap Short Term Investments
ShortTermInvestments
453969000 USD
CY2014Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
395460000 USD
CY2014Q2 mnst Distributor Receivables Current
DistributorReceivablesCurrent
3332000 USD
CY2014Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
25594000 USD
CY2014Q2 us-gaap Prepaid Taxes
PrepaidTaxes
7115000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3303000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7716000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
59000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 item
CY2014Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
26200000 USD
CY2013Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
17000000 USD
CY2014Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
80792000 USD
CY2014Q2 mnst Accrued Promotional Allowances Liabilities Current
AccruedPromotionalAllowancesLiabilitiesCurrent
130807000 USD
CY2014Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
14317000 USD
CY2014Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10310000 USD
CY2014Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
12839000 USD
CY2014Q2 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
108547000 USD
CY2014Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
1032000 USD
CY2014Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
394612000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2083579000 USD
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-621000 USD
CY2014Q2 mnst Impairment Of Investments And Gain Loss On Put Option Of Securities
ImpairmentOfInvestmentsAndGainLossOnPutOptionOfSecurities
12000 USD
mnst Impairment Of Investments And Gain Loss On Put Option Of Securities
ImpairmentOfInvestmentsAndGainLossOnPutOptionOfSecurities
13000 USD
CY2014Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
510000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
612000 USD
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
324819000 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
421797000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15074000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
310000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
828000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1102000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
973000 USD
CY2014Q2 us-gaap Loss Contingency Receivable
LossContingencyReceivable
21250000 USD
CY2013Q4 us-gaap Loss Contingency Receivable
LossContingencyReceivable
16250000 USD

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