MONSTER BEVERAGE CORPORATION MNST Cash Flow

Monster beverage corporation (MNST)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
278,835	254,954	298,923	292,473	261,485	239,107	267,732	270,115	216,050	201,322	218,743	222,633	177,980	172,947	191,641	184,220	163,877	138,742	174,574	229,003	4,414	125,331	121,600	141,004	95,250	76,106	92,186	106,873	63,496	67,983	86,142	109,796	76,099	64,536	82,392	84,248	55,043	49,132	66,496	63,838	32,563
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of trademark
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	12	12	13	15	12	12	12	12	10	14
Depreciation and amortization
16,546	16,971	15,399	17,574	14,870	14,510	14,284	14,194	13,991	13,783	12,329	11,592	11,183	10,971	10,545	10,305	9,024	9,103	8,508	6,779	6,470	6,527	6,129	6,542	6,453	6,318	6,107	5,277	5,060	5,334	5,159	5,113	4,956	4,880	4,481	4,090	3,581	3,278	3,000	2,810	2,640
Gain on disposal of property and equipment
58	245	1,276	-1,384	115	149	326	121	187	647	78	168	268	33	51	166	-46	-405	104	62	46	29	194	85	100	-559	-163	214	2	-77	2	11	39	-75	-15	34	74	-91	52	-145	-10
Impairment of intangibles
3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
17,098	16,466	15,991	15,575	15,324	14,675	14,091	14,906	13,439	13,017	13,282	12,841	13,142	12,113	12,145	11,528	10,062	9,030	8,852	8,483	6,354	6,043	7,420	8,103	6,986	7,172	7,200	7,433	6,959	6,832	7,950	7,060	6,571	6,702	4,828	4,115	3,779	4,027	4,322	3,532	4,981
Deferred income taxes
-	-723	-1	-67	-472	-	-	-	-	-66,073	0	0	-1,862	20,744	-1,639	-22	9	-	-	-	-	-1,927	-8,087	0	168	-6,148	0	-528	-398	-5,031	-3	0	2,574	-	-	-	-	-3,942	-3	2,588	-4
Loss on put option
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-71	-674	-30	-67	-427	-168	-326	83	-1	115	166	-1,391	-4,398	3,348	303	20	-17	-315	-992	5,092
Gain on investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69	648	18	66	462	210	392	2,489	202	109	-201	1,787	216	115	-652	278	123	-411	-8,753	4,515
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,238	701	2,602	98	1,367	28,707	176	15,361	1,373	2,430	492	461	2,219	954	190	2,182	3,548	170	6,474
Effect on cash of changes in operating assets and liabilities:
Accounts receivable
147,660	-113,427	-24,555	87,967	116,426	-133,313	27,314	81,670	72,699	-82,687	-4,313	82,619	-7,441	-13,851	-3,070	44,753	58,550	-55,283	37,379	27,097	68,138	-31,469	-53,952	57,167	42,544	-61,765	-327	35,280	69,713	-52,751	-17,300	53,966	33,867	-12,878	-17,323	35,231	51,722	-15,260	2,593	15,000	10,336
Distributor receivables
-176	-657	-1,286	-1,604	-2,923	-2,155	-1,977	-2,547	-3,279	-3,111	-3,057	501	951	-1,053	19,318	60	1,656	-207	-202	-125	-66	-2,533	-805	-295	-947	3,998	-1,926	-3,004	8,314	-	-	-26	43	157	-161	657	-397	-423	-3,080	89	-872
Inventories
-1,037	40,275	23,442	-2,499	24,004	15,808	-12,415	11,479	11,274	42,167	21,841	17,066	7,793	-2,520	-6,742	-19,252	7,639	-2,008	-19,843	2,372	26,547	-29,463	236	3,874	-17,410	-25,135	12,715	19,892	14,080	8,922	-5,643	10,161	34,128	-7,368	9,381	-17,096	19,548	4,362	7,854	21,379	11,378
Prepaid expenses and other assets
18,081	-2,347	-683	-4,688	21,492	-9,783	488	-3,669	19,646	-6,814	1,079	-3,237	11,368	-2,123	6,290	-10,326	12,841	2,850	3,541	-2,573	5,895	-5,452	375	-2,921	7,110	-8,525	4,503	-2,061	10,584	4,659	504	-383	-257	6,922	-3,564	-1,164	4,015	2,180	-3,211	2,237	1,568
Prepaid income taxes
-8,078	-3,307	-1,620	-29,778	25,224	-2,254	8,507	-52,559	-52,410	95,500	36,528	-35,095	-25,601	-88,876	118,205	8,159	10,535	-72,267	-871	70,649	13,498	-8,880	11,226	1,914	-4,417	-28,914	788	31,535	-27,417	15,236	15,530	1,228	1,216	236	31	65	-9,802	-	-	-	-
Accounts payable
19,328	-40,648	32,630	18,285	18,565	-29,789	14,957	47,300	-22,616	4,926	15,869	28,101	-19,317	23,545	-13,210	-1,081	36,086	-54,278	3,018	29,382	42,742	-18,750	-6,081	30,045	6,068	-41,935	16,854	9,398	7,479	-24,155	-17,244	28,857	16,201	-29,056	11,926	21,962	21,418	-9,170	2,291	4,981	35,250
Accrued liabilities
34,500	-4,705	-8,180	850	-2,262	1,629	32,133	-632	-14,985	-20,366	16,534	-7,455	6,788	-11,155	1,523	-5,459	12,239	14,016	16,814	7,095	5,387	-9,368	-5,142	12,919	4,610	-18,892	5,170	6,108	9,879	-20,194	1,392	11,202	14,058	-4,125	-249	6,240	6,278	-1,769	-5,537	4,986	15,494
Accrued promotional allowances
9,439	-33,856	2,231	30,465	23,103	-36,963	5,486	27,225	15,971	-20,929	16,259	11,694	14,111	-27,350	-3,827	14,102	13,136	-8,187	-2,842	20,198	-2,160	-11,891	645	17,068	14,708	-31,243	17,987	8,249	13,939	12,029	15,303	9,425	-34,034	34,637	854	10,795	-17,844	-	-	-	-
Accrued distributor terminations
-282	273	-421	-9,845	10,272	-794	305	327	71	-15,588	15,333	-8,232	315	2,138	-19,288	16,675	-2,853	3,490	-57,061	-141,213	205,980	-	-	-	-	-1,972	60	-3,908	7,372	871	0	-1	-76	63	0	0	-393	-2,146	0	0	-424
Accrued compensation
-24,807	11,129	6,607	11,324	-21,832	9,834	4,056	9,937	-18,350	7,721	3,995	8,577	-15,802	8,397	5,731	3,070	-9,147	2,093	5,907	4,373	-7,866	3,861	4,151	1,220	-5,838	2,021	4,071	1,255	-5,377	1,035	3,972	1,327	-3,836	1,381	3,304	610	-2,417	689	881	2,105	-3,741
Income taxes payable
-1,552	-2,206	5,352	9,084	-4,125	3,326	-9,426	9,102	-1,059	552	1,220	144	-5,506	1,035	104,068	-65,937	-34,791	-1,216	320,283	-3,235	-4,298	3,529	-1,871	-32,315	39,095	-44,139	45,428	23,749	9,270	17,996	1,198	-30,813	25,784	8,355	-3,465	-11,893	20,921	3,074	-15,745	12,431	12,745
Other liabilities
-192	-399	-462	-1,507	1,338	-102	284	236	1,108	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-4,273	-5,227	-5,213	-4,942	-9,476	-6,026	-1,599	-5,750	-6,592	-7,411	-5,392	-2,615	-4,454	-2,938	19,510	-5,845	3,092	-2,640	4,801	-751	-40,041	-2,224	-2,703	-1,663	-1,517	-1,856	-1,950	550	6,238	-1,489	-1,228	-1,327	-1,615	-2,654	-1,018	-1,494	-1,117	414	-2,013	-1,811	-2,064
Net cash provided by operating activities
191,132	292,693	366,284	331,389	123,396	340,521	320,060	352,389	148,911	197,674	256,835	340,258	192,964	280,653	173,147	137,996	109,559	170,989	190,938	57,872	102,924	190,442	148,072	122,575	136,402	66,199	176,114	53,827	45,893	69,627	107,980	73,299	36,770	100,824	109,037	100,353	23,613	58,229	44,092	58,720	68,003
Maturities of held-to-maturity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-24,149	24,149	471,958	396,346	1,091,026	518,481	226,549	253,732	164,520	220,955	173,784	151,035	77,268	72,159	41,072	66,344	244,989	280,113	174,668	141,806	127,079	98,522	140,367	41,950	3,025	44,980	44,989	14,998
Sales of available-for-sale investments
513,534	293,308	211,664	114,077	232,387	254,074	120,014	473,180	334,216	175,076	185,579	100,975	71,553	-	-	-	-	0	3,901	-1	101	-	-	-	-	-	-	-	-	6,501	28,559	3,500	29,891	7,887	1	18,106	4,551	4,001	700	4,825	3,675
Purchases of held-to-maturity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-226,204	225,590	614	152,050	273,406	815,985	825,910	118,283	369,063	339,741	234,079	187,718	164,549	238,345	85,061	69,464	39,987	159,890	206,643	190,635	134,022	220,867	147,355	80,894	167,505	0	44,980	44,989
Purchases of available-for-sale investments
214,697	231,772	455,113	205,537	175,314	115,075	368,546	95,042	247,421	203,537	481,418	228,544	58,314	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,500	3,001	2,001	0	21,438	5,100	6,774	-	-	-	-
Purchases of property and equipment
11,119	57,269	23,315	12,592	8,485	12,079	15,243	21,570	13,049	15,697	27,261	21,384	19,093	32,292	49,714	9,608	8,205	9,978	9,800	11,140	4,687	8,652	4,226	5,203	9,871	8,150	10,115	13,765	8,732	17,122	5,933	5,338	14,542	5,626	7,615	5,788	6,523	4,578	3,583	2,948	1,436
Sales of trading investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	8,625	1,725	1,725	-	-	-	-	285	225	790	15,750	3,740	16,375	13,600	1,000	-	-	-	-
Proceeds from sale of property and equipment
217	429	369	257	184	286	419	193	3,397	561	122	281	452	102	164	160	381	442	323	59	102	218	435	73	237	260	97	8,647	18	50	12	62	164	170	60	82	207	56	12	37	10
(Increase) decrease in intangibles
6,811	-	-	-	-298	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in intangibles
-	-	-	-	-	6,709	6,233	-238	280	4,556	5,163	-874	848	1,263	-626	2,539	2,342	1,536	1,786	2,014	1,552	1,646	937	933	-105	2,174	3,900	1,739	3,362	1,811	1,987	1,754	749	942	805	1,389	1,996	1,098	2,490	2,832	3,432
Increase in other assets
1,148	-24	270	-1,272	2,291	1,689	2,441	6,135	1,549	-17	584	580	52	49	-2,433	2,519	-142	-641	-175	1,441	-227	-203	75	-559	-543	-3,216	3,038	4,319	219	8	100	-183	-302	651	-36	-1,051	26	1,602	173	-266	-69
Net cash provided by investing activities
279,976	1,461	-272,143	-102,821	46,779	118,808	-272,030	350,304	75,874	-48,136	-328,725	-148,378	-6,302	10,526	-269,344	-231,647	234,272	808,724	-302,791	-235,507	129,640	-217,421	-114,964	-64,074	-43,944	-93,111	-176,117	-55,165	-15,415	192,897	136,499	-37,533	-20,014	-2,365	-135,731	13,574	-48,505	-225,958	44,596	-43	-31,105
Principal payments on debt
733	728	3,766	8,682	393	404	510	429	543	705	544	634	700	628	632	577	522	276	277	334	196	303	343	353	620	565	528	498	296	454	531	481	610	764	482	447	249	112	69	77	162
Excess tax benefit from stock based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,238	701	2,602	98	1,367	28,707	176	15,361	1,373	2,430	492	461	2,219	954	190	2,182	3,548	170	6,474
Issuance of common stock
13,975	7,118	4,111	45,971	35,163	3,370	10,865	7,115	6,501	25,850	7,683	5,472	13,621	5,790	2,448	4,089	4,078	5,610	1,931	1,670,001	19,119	2,118	7,334	1,988	5,728	3,054	1,910	13,907	2,381	2,647	1,931	3,715	2,722	2,524	6,486	7,061	4,247	9,917	5,886	497	4,524
Purchases of common stock held in treasury
559,210	229,579	254,308	621	222,792	536,927	0	553,199	251,950	112,005	248,871	238	64	249,996	187	2,000,238	2,016	48,993	346,757	160,835	251,382	49	8,067	39	20	54,198	5	35	13,361	-	-	-	-	27,349	110,181	0	38,862	-	-	-	-
Net cash used in financing activities
-545,968	-223,189	-253,963	36,668	-188,022	-533,961	10,355	-546,513	-245,992	-86,860	-241,732	4,600	12,857	-244,834	1,629	-1,996,726	1,540	-43,659	-345,103	1,508,832	-232,459	-9,775	7,162	2,297	7,690	-51,611	2,744	42,081	-11,100	-323,340	-384,003	5,664	2,604	-25,128	-101,958	7,568	-34,674	11,987	9,365	-22,950	10,836
Effect of exchange rate changes on cash and cash equivalents
-21,261	9,375	-10,808	4,667	-1,322	-1,569	-4,358	-7,853	3,945	385	1,526	4,838	-764	-10,289	1,325	-2,963	7,321	-1,354	1,378	2,311	-7,641	-1,246	-4,998	233	523	2,853	439	563	641	276	3,411	-13,701	12,747	-1,157	-2,388	1,197	229	955	1,665	-1,724	-175
NET DECREASE IN CASH AND CASH EQUIVALENTS
-96,121	80,340	-170,630	269,903	-19,169	-76,201	54,027	148,327	-17,262	63,063	-312,096	201,318	198,755	36,056	-93,243	-2,093,340	352,692	934,700	-455,578	1,333,508	-7,536	-38,000	35,272	61,031	100,671	-75,670	3,180	41,306	20,019	-60,540	-136,113	27,729	32,107	72,174	-131,040	122,692	-59,337	-154,787	99,718	34,003	47,559
SUPPLEMENTAL INFORMATION:
Cash paid during the year for:
Interest
11	14	53	238	15	16	16	12	16	20	17	19	19	14	20	18	16	8	9	7	5	7	9	6	12	13	17	14	5	8	12	14	14	14	3	21	10	4	3	3	3
Income taxes
79,993	66,927	93,761	51,120	82,002	66,390	92,597	26,557	15,223	95,510	137,941	89,945	66,094	1,902	114,194	177,991	137,186	83,744	64,899	53,582	22,703	57,161	90,436	109,907	9,747	77,107	14,451	77,057	5,663	45,770	69,140	91,820	23,491	32,226	52,286	60,545	2,870	39,213	59,577	31,133	6,446