Monster Beverage Corp. Files 2023 Annual Report on Form 10-K
Ticker: MNST · Form: 10-K · Filed: 2024-02-29T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, Annual Report, Monster Beverage, Financials, SEC Filing
TL;DR
<b>Monster Beverage Corp. has filed its 2023 10-K report, detailing financial performance and corporate actions.</b>
AI Summary
Monster Beverage Corp (MNST) filed a Annual Report (10-K) with the SEC on February 29, 2024. Monster Beverage Corp. filed its 10-K report for the fiscal year ending December 31, 2023. The company's principal executive offices are located at 1 Monster Way, Corona, CA 92879. The filing includes information on various financial statement line items and disclosures. Monster Beverage Corp. was formerly known as Hansen Natural Corp. and Unipac Corp. The report details repurchase plans for common stock initiated in June 2022 and November 2022.
Why It Matters
For investors and stakeholders tracking Monster Beverage Corp, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Monster Beverage Corp.'s financial health, operational activities, and strategic initiatives for the fiscal year 2023. Investors and analysts can use this report to assess the company's performance, identify potential risks, and make informed investment decisions regarding Monster Beverage Corp. (MNST).
Risk Assessment
Risk Level: medium — Monster Beverage Corp shows moderate risk based on this filing. The filing is a standard 10-K, which is a comprehensive annual report. While it contains a wealth of information, it does not highlight any immediate, critical risks beyond those typically associated with a large, publicly traded company in the beverage sector.
Analyst Insight
Review the detailed financial statements and risk factors within the 10-K to understand Monster Beverage Corp.'s performance and outlook for the upcoming fiscal year.
Key Numbers
- 2023-12-31 — Fiscal Year End (Conformed period of report)
- 2024-02-29 — Filing Date (Filed as of date)
- 0000865752 — Central Index Key (Filer's identifier)
- 2086 — Standard Industrial Classification (Industry code for Bottled & Canned Soft Drinks Carbonated Waters)
Key Players & Entities
- Monster Beverage Corp. (company) — Filer
- Hansen Natural Corp (company) — Former company name
- Unipac Corp (company) — Former company name
- 1 MONSTER WAY, CORONA, CA 92879 (company) — Business address
FAQ
When did Monster Beverage Corp file this 10-K?
Monster Beverage Corp filed this Annual Report (10-K) with the SEC on February 29, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by Monster Beverage Corp (MNST).
Where can I read the original 10-K filing from Monster Beverage Corp?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Monster Beverage Corp.
What are the key takeaways from Monster Beverage Corp's 10-K?
Monster Beverage Corp filed this 10-K on February 29, 2024. Key takeaways: Monster Beverage Corp. filed its 10-K report for the fiscal year ending December 31, 2023.. The company's principal executive offices are located at 1 Monster Way, Corona, CA 92879.. The filing includes information on various financial statement line items and disclosures..
Is Monster Beverage Corp a risky investment based on this filing?
Based on this 10-K, Monster Beverage Corp presents a moderate-risk profile. The filing is a standard 10-K, which is a comprehensive annual report. While it contains a wealth of information, it does not highlight any immediate, critical risks beyond those typically associated with a large, publicly traded company in the beverage sector.
What should investors do after reading Monster Beverage Corp's 10-K?
Review the detailed financial statements and risk factors within the 10-K to understand Monster Beverage Corp.'s performance and outlook for the upcoming fiscal year. The overall sentiment from this filing is neutral.
How does Monster Beverage Corp compare to its industry peers?
Monster Beverage Corp. operates in the non-alcoholic beverage industry, specifically focusing on energy drinks and other beverage categories.
Are there regulatory concerns for Monster Beverage Corp?
The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit annual reports detailing their financial performance and business operations.
Industry Context
Monster Beverage Corp. operates in the non-alcoholic beverage industry, specifically focusing on energy drinks and other beverage categories.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit annual reports detailing their financial performance and business operations.
What Investors Should Do
- Analyze the financial statements for revenue trends, profitability, and cash flow.
- Review the business description and risk factors for insights into operational challenges and strategic direction.
- Examine any disclosures related to executive compensation and stock repurchase programs.
Key Dates
- 2023-12-31: Fiscal Year End — The end of the reporting period for the 10-K.
- 2024-02-29: Filing Date — The date the 10-K report was officially filed with the SEC.
Year-Over-Year Comparison
This is the initial filing for the fiscal year ending December 31, 2023. Previous filings would provide comparative data.
From the Filing
0001104659-24-029425.txt : 20240229 0001104659-24-029425.hdr.sgml : 20240229 20240229165557 ACCESSION NUMBER: 0001104659-24-029425 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 132 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240229 DATE AS OF CHANGE: 20240229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Monster Beverage Corp CENTRAL INDEX KEY: 0000865752 STANDARD INDUSTRIAL CLASSIFICATION: BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 471809393 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-18761 FILM NUMBER: 24704758 BUSINESS ADDRESS: STREET 1: 1 MONSTER WAY CITY: CORONA STATE: CA ZIP: 92879 BUSINESS PHONE: 909-739-6200 MAIL ADDRESS: STREET 1: 1 MONSTER WAY CITY: CORONA STATE: CA ZIP: 92879 FORMER COMPANY: FORMER CONFORMED NAME: HANSEN NATURAL CORP DATE OF NAME CHANGE: 19930328 FORMER COMPANY: FORMER CONFORMED NAME: UNIPAC CORP DATE OF NAME CHANGE: 19600201 10-K 1 mnst-20231231x10k.htm FORM 10-K 0000865752 FY false http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent P3Y P1Y P10Y P5Y P1Y http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense P10Y P3Y P3Y P3Y 0000865752 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2023-01-01 2023-12-31 0000865752 us-gaap:AllowanceForCreditLossMember 2023-01-01 2023-12-31 0000865752 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2022-01-01 2022-12-31 0000865752 us-gaap:AllowanceForCreditLossMember 2022-01-01 2022-12-31 0000865752 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2021-01-01 2021-12-31 0000865752 us-gaap:AllowanceForCreditLossMember 2021-01-01 2021-12-31 0000865752 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2023-12-31 0000865752 us-gaap:AllowanceForCreditLossMember 2023-12-31 0000865752 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2022-12-31 0000865752 us-gaap:AllowanceForCreditLossMember 2022-12-31 0000865752 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2021-12-31 0000865752 us-gaap:AllowanceForCreditLossMember 2021-12-31 0000865752 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2020-12-31 0000865752 us-gaap:AllowanceForCreditLossMember 2020-12-31 0000865752 mnst:November2022RepurchasePlanMember us-gaap:CommonStockMember 2023-01-01 2023-12-31 0000865752 mnst:June2022RepurchasePlanMember us-gaap:CommonStockMember 2023-01-01 2023-12-31 0000865752 mnst:November2023RepurchasePlanMember 2023-01-01 2023-12-31 0000865752 us-gaap:TreasuryStockCommonMember 2022-01-01 2022-12-31 0000865752 us-gaap:TreasuryStockCommonMember 2021-01-01 2021-12-31 0000865752 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-12-31 0000865752 mnst:June2022RepurchasePlanMember 2023-08-04 2023-08-04 0000865752 mnst:November2023RepurchasePlanMember us-gaap:SubsequentEventMember 2024-02-27 0000865752 mnst:November2022RepurchasePlanMember us-gaap:SubsequentEventMember 2024-02-27 0000865752 us-gaap:SubsequentEventMember 2024-02-27 0000865752 mnst:November2023RepurchasePlanMember 2023-11-07 0000865752 mnst:November2022RepurchasePlanMember 2022-11-02 0000865752 srt:MaximumMember mnst:June2022RepurchasePlanMember 2022-06-14 0000865752 mnst:November2022RepurchasePlanMember 2023-01-01 2023-12-