Monster Beverage Corp. Files Q3 2024 10-Q Report
Ticker: MNST · Form: 10-Q · Filed: Nov 8, 2024 · CIK: 865752
| Field | Detail |
|---|---|
| Company | Monster Beverage CORP (MNST) |
| Form Type | 10-Q |
| Filed Date | Nov 8, 2024 |
| Risk Level | low |
| Pages | 14 |
| Reading Time | 17 min |
| Key Dollar Amounts | $0.005 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, beverage
TL;DR
Monster Beverage Corp. filed its Q3 2024 10-Q, check financials for latest performance.
AI Summary
Monster Beverage Corp. reported its Q3 results for the period ending September 30, 2024. The company's filing indicates its fiscal year ends on December 31st. Key financial details and operational metrics are presented in this 10-Q filing.
Why It Matters
This filing provides investors and analysts with the latest financial performance and operational details for Monster Beverage Corp., crucial for understanding the company's current standing and future outlook.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information.
Key Players & Entities
- Monster Beverage Corp. (company) — Filer of the 10-Q report
- 20240930 (date) — End of the reporting period for the 10-Q
- 20241108 (date) — Filing date of the 10-Q
- 0000865752 (company) — Central Index Key for Monster Beverage Corp.
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240930, indicating the third quarter of 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on 20241108.
What is Monster Beverage Corp.'s fiscal year end?
Monster Beverage Corp.'s fiscal year ends on 1231.
What is the Central Index Key (CIK) for Monster Beverage Corp.?
The CIK for Monster Beverage Corp. is 0000865752.
What was Monster Beverage Corp.'s former company name?
Monster Beverage Corp. was formerly known as Hansen Natural Corp. and Unipac Corp.
Filing Stats: 4,309 words · 17 min read · ~14 pages · Grade level 19.1 · Accepted 2024-11-07 20:57:56
Key Financial Figures
- $0.005 — 9,659 shares of common stock, par value $0.005 per share, outstanding as of October 31
Filing Documents
- mnst-20240930x10q.htm (10-Q) — 3200KB
- mnst-20240930xex31d1.htm (EX-31.1) — 16KB
- mnst-20240930xex31d2.htm (EX-31.2) — 17KB
- mnst-20240930xex31d3.htm (EX-31.3) — 15KB
- mnst-20240930xex32d1.htm (EX-32.1) — 9KB
- mnst-20240930xex32d2.htm (EX-32.2) — 8KB
- mnst-20240930xex32d3.htm (EX-32.3) — 7KB
- 0001410578-24-001818.txt ( ) — 13521KB
- mnst-20240930.xsd (EX-101.SCH) — 62KB
- mnst-20240930_cal.xml (EX-101.CAL) — 75KB
- mnst-20240930_def.xml (EX-101.DEF) — 282KB
- mnst-20240930_lab.xml (EX-101.LAB) — 635KB
- mnst-20240930_pre.xml (EX-101.PRE) — 466KB
- mnst-20240930x10q_htm.xml (XML) — 3175KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 51 Item 4.
Controls and Procedures
Controls and Procedures 51 Part II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 52 Item 1A.
Risk Factors
Risk Factors 52 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 52 Item 3. Defaults Upon Senior Securities 53 Item 4. Mine Safety Disclosures 53 Item 5. Other Information 53 Item 6. Exhibits 54
Signatures
Signatures 55 2 Table of Contents
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) MONSTER BEVERAGE CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS AS OF SEPTEMBER 30, 2024 AND DECEMBER 31, 2023 (In Thousands, Except Par Value) (Unaudited) September 30, December 31, 2024 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 1,625,339 $ 2,297,675 Short-term investments — 955,605 Accounts receivable, net 1,285,397 1,193,964 Inventories 770,338 971,406 Prepaid expenses and other current assets 124,656 116,195 Prepaid income taxes 92,028 54,151 Total current assets 3,897,758 5,588,996 INVESTMENTS — 76,431 PROPERTY AND EQUIPMENT, net 1,006,788 890,796 DEFERRED INCOME TAXES, net 183,430 175,003 GOODWILL 1,417,941 1,417,941 OTHER INTANGIBLE ASSETS, net 1,442,426 1,427,139 OTHER ASSETS 104,958 110,216 Total Assets $ 8,053,301 $ 9,686,522 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 549,028 $ 564,379 Accrued liabilities 259,088 183,988 Accrued promotional allowances 301,973 269,061 Deferred revenue 45,627 41,914 Accrued compensation 81,787 87,392 Income taxes payable 7,641 14,955 Total current liabilities 1,245,144 1,161,689 DEFERRED REVENUE 186,135 204,251 DEFERRED INCOME TAXES 28,896 — OTHER LIABILITIES 64,884 91,838 LONG-TERM DEBT 748,842 — COMMITMENTS AND CONTINGENCIES (Note 12) STOCKHOLDERS' EQUITY: Common stock - $ 0.005 par value; 5,000,000 shares authorized; 1,125,699 shares issued and 972,450 shares outstanding as of September 30, 2024; 1,122,592 shares issued and 1,041,571 shares outstanding as of December 31, 2023 5,628 5,613 Additional paid-in capital 5,105,957 4,975,115 Retained earnings 7,178,073 5,939,736 Accumulated other comprehensive loss ( 137,842 ) ( 125,337 ) Common stock in treasury, at cost; 153,249 shares and 81,021 shares as of September 30, 20