2024 Q1 Form 10-K Financial Statement

#000110465924029425 Filed on February 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.899B $1.730B $7.140B
YoY Change 11.78% 14.35% 13.14%
Cost Of Revenue $872.0M $791.7M $3.346B
YoY Change 8.85% 8.66% 6.67%
Gross Profit $1.027B $938.4M $3.794B
YoY Change 14.4% 19.64% 19.52%
Gross Profit Margin 54.09% 54.24% 53.14%
Selling, General & Admin $125.3M $113.6M $987.5M
YoY Change 18.13% 22.3% 16.08%
% of Gross Profit 12.2% 12.11% 26.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.48M $18.53M $68.90M
YoY Change 21.82% 21.93% 12.5%
% of Gross Profit 1.99% 1.98% 1.82%
Operating Expenses $485.1M $504.4M $1.841B
YoY Change 17.53% 29.35% 15.79%
Operating Profit $542.0M $434.0M $1.953B
YoY Change 11.74% 10.04% 23.26%
Interest Expense $35.75M $16.12M $115.1M
YoY Change 186.12% -2053.58% -1002.46%
% of Operating Profit 6.6% 3.71% 5.89%
Other Income/Expense, Net $35.75M $115.1M
YoY Change 186.12% -1002.46%
Pretax Income $577.7M $450.1M $2.068B
YoY Change 16.12% 14.37% 31.59%
Income Tax $135.7M $83.10M $437.5M
% Of Pretax Income 23.49% 18.46% 21.15%
Net Earnings $442.0M $367.0M $1.631B
YoY Change 11.22% 21.65% 36.87%
Net Earnings / Revenue 23.28% 21.21% 22.84%
Basic Earnings Per Share
Diluted Earnings Per Share $0.42 $0.35 $1.54
COMMON SHARES
Basic Shares Outstanding 1.041B 1.040B 1.045B
Diluted Shares Outstanding 1.051B 1.058B

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.561B $3.253B $3.253B
YoY Change 16.53% 21.87% 21.87%
Cash & Equivalents $2.577B $2.298B $2.298B
Short-Term Investments $984.2M $955.6M $955.6M
Other Short-Term Assets $164.9M $170.3M $170.3M
YoY Change 16.27% 18.62% 18.62%
Inventory $939.6M $971.4M $971.4M
Prepaid Expenses
Receivables $1.370B $1.194B $1.194B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.036B $5.589B $5.589B
YoY Change 13.99% 17.3% 17.3%
LONG-TERM ASSETS
Property, Plant & Equipment $923.3M $890.8M $949.6M
YoY Change 69.12% 72.34% 83.72%
Goodwill $1.418B $1.418B
YoY Change 0.0% 0.0%
Intangibles $1.431B $1.427B
YoY Change 17.03% 16.94%
Long-Term Investments $8.162M $76.43M $76.43M
YoY Change -80.17% 24.39% 24.39%
Other Assets $282.4M $110.2M $226.4M
YoY Change 94.62% -64.62% -27.33%
Total Long-Term Assets $4.063B $4.098B $4.098B
YoY Change 14.45% 16.14% 16.14%
TOTAL ASSETS
Total Short-Term Assets $6.036B $5.589B $5.589B
Total Long-Term Assets $4.063B $4.098B $4.098B
Total Assets $10.10B $9.687B $9.687B
YoY Change 14.18% 16.8% 16.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $533.7M $564.4M $564.4M
YoY Change 8.65% 27.04% 27.04%
Accrued Expenses $576.2M $184.0M $534.0M
YoY Change 134.3% -63.28% 6.57%
Deferred Revenue $43.78M $41.91M
YoY Change -1.49% -3.23%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.297M $6.449M $6.449M
YoY Change 79.57% 751.92% 751.92%
Total Short-Term Liabilities $1.229B $1.162B $1.162B
YoY Change 3.48% 15.94% 15.94%
LONG-TERM LIABILITIES
Long-Term Debt $14.00K $19.00K $19.00K
YoY Change -57.58% -53.66% -53.66%
Other Long-Term Liabilities $291.4M $91.84M $296.1M
YoY Change 598.47% -65.49% 11.27%
Total Long-Term Liabilities $291.4M $91.84M $296.1M
YoY Change 598.47% -65.49% 11.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.229B $1.162B $1.162B
Total Long-Term Liabilities $291.4M $91.84M $296.1M
Total Liabilities $1.520B $1.254B $1.458B
YoY Change 23.68% -1.15% 14.96%
SHAREHOLDERS EQUITY
Retained Earnings $6.382B $5.940B
YoY Change 35.6% -34.01%
Common Stock $5.035B $4.975B
YoY Change 4.26% 4.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.578B $8.229B $8.229B
YoY Change
Total Liabilities & Shareholders Equity $10.10B $9.687B $9.687B
YoY Change 14.18% 16.8% 16.8%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $442.0M $367.0M $1.631B
YoY Change 11.22% 21.65% 36.87%
Depreciation, Depletion And Amortization $20.48M $18.53M $68.90M
YoY Change 21.82% 21.93% 12.5%
Cash From Operating Activities $412.1M $434.3M $1.718B
YoY Change -2.91% 45.5% 93.51%
INVESTING ACTIVITIES
Capital Expenditures $66.04M $111.2M $221.4M
YoY Change 64.7% 111.54% 17.33%
Acquisitions
YoY Change
Other Investing Activities $985.0K $277.8M $6.825M
YoY Change -92.44% -644.17% -75.05%
Cash From Investing Activities -$35.32M $166.6M -$193.4M
YoY Change -33.06% -260.8% 19.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $528.7M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -84.75M -108.8M -542.6M
YoY Change 1301.04% -56.07% -23.25%
NET CHANGE
Cash From Operating Activities 412.1M 434.3M 1.718B
Cash From Investing Activities -35.32M 166.6M -193.4M
Cash From Financing Activities -84.75M -108.8M -542.6M
Net Change In Cash 278.8M 492.1M 990.5M
YoY Change -23.71% -1032.56% 5007.42%
FREE CASH FLOW
Cash From Operating Activities $412.1M $434.3M $1.718B
Capital Expenditures $66.04M $111.2M $221.4M
Free Cash Flow $346.1M $323.1M $1.496B
YoY Change -9.96% 31.38% 114.07%

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CY2021 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2021 mnst Freight Out Costs Operating
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CY2021 us-gaap Marketing And Advertising Expense
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CY2023 us-gaap Concentration Risk Credit Risk
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<p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><i style="font-style:italic;">Concentration of Risk – </i>Certain of the Company’s products utilize components (raw materials and/or co-packing services) from a limited number of sources. A disruption in the supply of such components could significantly affect the Company’s revenues from those products, as alternative sources of such components may not be available at commercially reasonable rates or within a reasonably short time period. The Company continues to endeavor to secure the availability of alternative sources for such components and minimize the risk of any disruption in production.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Coca-Cola Company (“TCCC”), through certain wholly-owned subsidiaries (the “TCCC Subsidiaries”), accounted for approximately 2% of the Company’s net sales for the years ended December 31, 2023, 2022 and 2021.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Coca-Cola Consolidated, Inc. accounted for approximately 10%, 11% and 12% of the Company’s net sales for the years ended December 31, 2023, 2022 and 2021, respectively.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Reyes Coca-Cola Bottling, LLC accounted for approximately 9%, 9% and 10% of the Company’s net sales for the years ended December 31, 2023, 2022 and 2021, respectively.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Coca-Cola Europacific Partners accounted for approximately 13%, 13% and 12% of the Company's net sales for the years ended December 31, 2023, 2022 and 2021, respectively.</p>
CY2023 us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><i style="font-style:italic;">Use of Estimates</i> – The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
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CY2022 us-gaap Contract With Customer Liability Revenue Recognized
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5545000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3705000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5218000
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
861000
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
773000
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
710000
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1259000
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
545000
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
546000
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
255000
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
24000
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
19000
CY2023 mnst Finance Lease Cost
FinanceLeaseCost
1514000
CY2022 mnst Finance Lease Cost
FinanceLeaseCost
569000
CY2021 mnst Finance Lease Cost
FinanceLeaseCost
565000
CY2023 us-gaap Lease Cost
LeaseCost
19980000
CY2022 us-gaap Lease Cost
LeaseCost
13688000
CY2021 us-gaap Lease Cost
LeaseCost
11107000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
10634000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
8164000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
4123000
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
255000
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
24000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
19000
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
6346000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2091000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1897000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2878000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
30342000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
22962000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4313000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
58845000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
38012000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11088000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7747000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
48459000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
29586000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
59547000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
37333000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
11147000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1598000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6449000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
757000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
19000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
41000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
6468000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
798000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y8M12D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y8M12D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y9M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.034
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.063
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.036
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
13490000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
6601000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11555000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
17000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9522000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
2000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9216000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
7706000
CY2023Q4 mnst Lessee Operating Lease Liability To Be Paid After Year Five And Thereafter
LesseeOperatingLeaseLiabilityToBePaidAfterYearFiveAndThereafter
17822000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
69311000
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
6620000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9764000
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
152000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
59547000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
6468000
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
1032810000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
546000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1320000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1032036000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1320000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
1429600000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
101000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
5944000
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1423757000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
5944000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0
CY2023Q4 mnst Investment Securities Amortized Cost Basis
InvestmentSecuritiesAmortizedCostBasis
1032810000
CY2023Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
1032036000
CY2022Q4 mnst Investment Securities Amortized Cost Basis
InvestmentSecuritiesAmortizedCostBasis
1429600000
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
1423757000
CY2022 mnst Fair Value Asset Transfers Between Level1 And Level2
FairValueAssetTransfersBetweenLevel1AndLevel2
0
CY2023 mnst Fair Value Asset Transfers Between Level1 And Level2
FairValueAssetTransfersBetweenLevel1AndLevel2
0
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
516897000
CY2023 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
63000000.0
CY2022 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
53700000
CY2021 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
45700000
CY2023Q4 us-gaap Derivative Liability Fair Value Of Collateral
DerivativeLiabilityFairValueOfCollateral
3800000
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
330021000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
467392000
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1403000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1688000
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
639982000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
466551000
CY2023Q4 us-gaap Inventory Net
InventoryNet
971406000
CY2022Q4 us-gaap Inventory Net
InventoryNet
935631000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1152031000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
750055000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
261235000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
233158000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
890796000
CY2022Q4 us-gaap Goodwill
Goodwill
1417941000
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0
CY2023Q4 us-gaap Goodwill
Goodwill
1417941000
CY2021Q4 us-gaap Goodwill
Goodwill
1331643000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
86298000
CY2022Q4 us-gaap Goodwill
Goodwill
1417941000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
144582000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
121378000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
74699000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
68790000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
69883000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
52588000
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1357256000
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1167822000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1427139000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1220410000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5900000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7600000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4400000
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
38700000
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
2200000
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
5948000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5947000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5947000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5946000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
5945000
CY2023Q4 mnst Finite Lived Intangible Asset Expected Amortization After Year Five And Thereafter
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFiveAndThereafter
40150000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
69883000
CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.277
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.276
CY2023 mnst Termination Costs
TerminationCosts
200000
CY2021 mnst Termination Costs
TerminationCosts
5300000
CY2022 mnst Termination Costs
TerminationCosts
0
CY2023 mnst Distribution Agreement Revenue Recognition Period
DistributionAgreementRevenueRecognitionPeriod
P20Y
CY2023 mnst Deferred Revenue Distribution Agreement
DeferredRevenueDistributionAgreement
21500000
CY2022 mnst Deferred Revenue Distribution Agreement
DeferredRevenueDistributionAgreement
21400000
CY2021 mnst Deferred Revenue Distribution Agreement
DeferredRevenueDistributionAgreement
21500000
CY2023Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
328200000
CY2023Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
57310000
CY2023Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
27972000
CY2023Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
4007000
CY2023Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
24000
CY2023Q4 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
118000
CY2023Q4 us-gaap Contractual Obligation
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417631000
CY2023 mnst Cost Of Purchases Of Direct Materials From Suppliers Of Limited Resources
CostOfPurchasesOfDirectMaterialsFromSuppliersOfLimitedResources
590500000
CY2022 mnst Cost Of Purchases Of Direct Materials From Suppliers Of Limited Resources
CostOfPurchasesOfDirectMaterialsFromSuppliersOfLimitedResources
666100000
CY2021 mnst Cost Of Purchases Of Direct Materials From Suppliers Of Limited Resources
CostOfPurchasesOfDirectMaterialsFromSuppliersOfLimitedResources
698000000.0
CY2023Q4 us-gaap Loss Contingency Accrual At Carrying Value
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300000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-758000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-5843000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-128989000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-153230000
CY2023Q4 mnst Accumulated Other Comprehensive Income Loss Net Gains On Commodity Derivatives
AccumulatedOtherComprehensiveIncomeLossNetGainsOnCommodityDerivatives
4410000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-125337000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2023 mnst Number Of Shares Repurchased Of Common Stock For Employee Tax Withholding Obligations
NumberOfSharesRepurchasedOfCommonStockForEmployeeTaxWithholdingObligations
3800000
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
214200000
CY2023 mnst Number Of Stock Based Compensation Plans
NumberOfStockBasedCompensationPlans
2
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
92338734
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
68800000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
64100000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
70500000
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
62200000
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
9100000
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
6800000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.289
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0375
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0215
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0085
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M18D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y1M6D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M18D
CY2023Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
24983000
CY2023 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y9M18D
CY2023Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
33.64
CY2023Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
14481000
CY2023Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
27.25
CY2023 mnst Share Based Compensation Recognized In Operating Expenses
ShareBasedCompensationRecognizedInOperatingExpenses
68836000
CY2022 mnst Share Based Compensation Recognized In Operating Expenses
ShareBasedCompensationRecognizedInOperatingExpenses
64109000
CY2021 mnst Share Based Compensation Recognized In Operating Expenses
ShareBasedCompensationRecognizedInOperatingExpenses
70483000
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
68836000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
64109000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
70483000
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
64401000
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
13175000
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
14228000
CY2023 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
4435000
CY2022 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
50934000
CY2021 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
56255000
CY2023Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
8400000
CY2023Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
583000000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1809418000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1327459000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1431797000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
259064000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
244505000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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