Monster beverage corporation (MNST)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

1,107,835

993,004

820,678

712,685

546,733

483,185

338,661

340,020

286,219

212,029

208,716

108,032

Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of trademark

-

-

-

-

-

-

-

-

52

48

68

55

Depreciation and amortization

64,814

56,979

48,887

40,845

30,860

25,651

22,762

20,562

17,032

11,728

5,839

3,417

Gain on disposal of property and equipment

252

783

1,161

204

-193

408

-506

-25

18

-194

144

-101

Gain on sale of Monster Non-Energy

-

-

-

-

161,470

-

-

-

-

-

-

-

Stock-based compensation

63,356

57,111

52,282

45,848

32,719

28,552

28,764

28,413

19,424

16,862

14,040

13,899

Deferred income taxes

-1,263

510

-67,935

19,092

-181,582

-9,846

-7,074

-2,460

-687

-1,361

-3,163

-44,594

Loss on put option

-

-

-

-

-250

-842

-838

-1,111

-727

3,768

-

-

Gain on investments, net

-

-

-

-

250

801

3,553

1,897

-43

-4,526

-3,887

527

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

30,348

19,656

3,824

12,374

3,131

4,334

Provision for doubtful accounts

-

-

-

-

-

-

-

-

52

1,659

671

-33

Effect on cash of changes in operating assets and liabilities:
Accounts receivable

66,411

48,370

-11,822

86,382

77,331

14,290

42,901

17,782

56,752

12,669

77,562

-30,609

TCCC Transaction receivable

-

-

-125,000

-

-

-

-

-

-

-

-

-

Distributor receivables

-6,470

-9,958

-4,716

19,981

-600

-4,580

7,382

-3

256

-4,286

-86,023

85,348

Inventories

85,222

26,146

88,867

-20,875

7,068

-42,763

21,552

47,568

4,465

44,973

-8,545

19,671

Prepaid expenses and other assets

13,774

6,682

2,396

6,682

9,713

-888

4,501

4,523

6,209

2,774

2,872

4,686

Prepaid income taxes

-9,481

-98,716

71,332

48,023

11,009

-157

-24,008

33,210

-9,470

9,992

-4,977

4,977

Accounts payable

28,832

9,852

29,579

45,340

20,864

11,282

-8,204

3,659

26,250

33,352

-2,185

7,517

Accrued liabilities

-14,297

18,145

-4,499

-2,852

43,312

3,019

2,265

6,458

8,144

13,174

4,172

3,272

Accrued promotional allowances

21,943

11,719

21,135

-3,939

7,009

20,530

8,932

2,723

28,442

14,702

9,712

-

Accrued distributor terminations

279

-91

-8,172

-3,328

11,196

-2,338

1,552

794

-330

-2,570

-99,332

98,082

Accrued compensation

7,228

5,477

4,491

8,051

4,507

3,394

1,970

2,498

2,878

-66

838

956

Income taxes payable

8,105

1,943

-3,590

4,375

311,534

8,438

34,308

14,165

13,918

12,505

3,892

-1,960

Other liabilities

-1,030

1,526

1,095

-

-

-

-

-

-

-

-

-

Deferred revenue

-24,858

-19,967

-19,872

13,819

-38,631

-8,107

2,982

-5,659

-6,283

-5,474

-6,799

98,632

Net cash provided by operating activities

1,113,762

1,161,881

987,731

701,355

522,723

597,491

342,033

287,676

333,827

229,044

156,192

199,496

Maturities of held-to-maturity investments

-

-

-

868,304

2,089,788

710,294

256,843

841,576

407,918

107,992

79,919

4,997

Sales of available-for-sale investments

851,436

1,181,484

533,183

120,987

4,001

-

5,793

68,451

30,545

13,201

17,254

283,241

Purchases of held-to-maturity investments

-

-

-

152,050

2,033,584

1,130,601

557,419

597,155

583,138

257,474

74,976

24,938

Purchases of available-for-sale investments

1,067,736

826,084

971,813

300,426

-

4,001

-

9,502

33,312

59,907

-

106,685

Purchases of property and equipment

101,661

61,941

83,435

99,819

35,605

27,952

40,762

42,935

25,552

12,545

23,554

6,718

Sales of trading investments

-

-

-

-

4,160

13,075

2,250

17,050

34,715

7,400

-

-

Proceeds from the transfer of distribution rights to TCCC

-

-

-

-

179,658

-

-

-

-

-

-

-

Proceeds from the sale of Monster Non-Energy

-

-

-

-

198,008

-

-

-

-

-

-

-

Purchases of AFF Assets, net

-

-

-

688,485

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

1,239

4,295

1,416

807

926

963

9,022

288

519

115

877

159

Decrease in intangibles

8,737

12,984

9,693

5,518

6,888

3,411

11,175

6,301

5,132

9,852

5,215

4,354

Increase in other assets

1,265

11,814

1,199

-7

398

-1,230

4,360

-377

-410

1,440

-1,226

1,720

Net cash provided by investing activities

-326,724

272,956

-531,541

-256,193

400,066

-440,403

-339,808

271,849

-173,027

-212,510

-4,469

143,982

Principal payments on debt

13,569

1,886

2,583

2,359

1,083

1,619

1,887

2,076

1,942

420

1,539

1,170

Excess tax benefit from stock based compensation

-

-

-

-

-

-

30,348

19,656

3,824

12,374

3,131

4,334

Issuance of common stock

92,363

27,851

52,626

16,405

1,696,661

17,168

21,252

11,015

20,318

20,824

2,502

2,257

Purchases of common stock held in treasury

707,300

1,342,076

361,178

2,252,437

807,967

8,175

67,599

727,670

176,392

23,540

86,173

103,467

Net cash used in financing activities

-628,506

-1,316,111

-311,135

-2,238,391

887,611

7,374

-17,886

-699,075

-154,192

9,238

-82,079

-98,046

Effect of exchange rate changes on cash and cash equivalents

1,912

-9,835

5,985

-4,606

-5,306

-5,488

4,496

2,733

-2,119

721

1,904

-1,071

NET DECREASE IN CASH AND CASH EQUIVALENTS

160,444

108,891

151,040

-1,797,835

1,805,094

158,974

-11,165

-136,817

4,489

26,493

71,548

244,361

SUPPLEMENTAL INFORMATION:
Cash paid during the year for:
Interest

320

60

75

68

29

34

49

48

48

13

50

49

Income taxes

293,810

200,767

389,490

431,273

224,928

267,251

174,278

230,221

147,927

136,369

125,838

118,338