Monster beverage corporation (MNST)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

1,125,185

1,107,835

1,091,988

1,060,797

1,038,439

993,004

955,219

906,230

858,748

820,678

792,303

765,201

726,788

712,685

678,480

661,413

706,196

546,733

533,322

480,348

392,349

483,185

433,960

404,546

370,415

338,661

330,538

324,494

327,417

340,020

336,573

332,823

307,275

286,219

270,815

254,919

234,509

212,029

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49

52

52

52

51

48

46

48

0

0

0

Depreciation and amortization

66,490

64,814

62,353

61,238

57,858

56,979

56,252

54,297

51,695

48,887

46,075

44,291

43,004

40,845

38,977

36,940

33,414

30,860

28,284

25,905

25,668

25,651

25,442

25,420

24,155

22,762

21,778

20,830

20,666

20,562

20,108

19,430

18,407

17,032

15,430

13,949

12,669

11,728

0

0

0

Gain on disposal of property and equipment

195

252

156

-794

711

783

1,281

1,033

1,080

1,161

547

520

518

204

-234

-181

-285

-193

241

331

354

408

-180

-537

-408

-506

-24

141

-62

-25

-23

-40

-17

18

2

69

-110

-194

0

0

0

Impairment of intangibles

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

65,130

63,356

61,565

59,665

58,996

57,111

55,453

54,644

52,579

52,282

51,378

50,241

48,928

45,848

42,765

39,472

36,427

32,719

29,732

28,300

27,920

28,552

29,681

29,461

28,791

28,764

28,424

29,174

28,801

28,413

28,283

25,161

22,216

19,424

16,749

16,243

15,660

16,862

0

0

0

Deferred income taxes

-

-1,263

0

0

0

-

-

-

-

-67,935

18,882

17,243

17,221

19,092

0

0

0

-

-

-

-

-9,846

-14,067

-5,980

-6,508

-7,074

-5,957

-5,960

-5,432

-2,460

0

0

0

-

-

-

-

-1,361

0

0

0

Loss on put option

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-842

-1,198

-692

-988

-838

-412

-129

363

-1,111

-5,508

-2,275

-2,138

-727

3,654

-9

-1,304

3,768

0

0

0

Gain on investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

801

1,194

756

1,130

3,553

3,293

3,192

2,599

1,897

1,911

1,917

1,466

-43

-136

-662

-8,763

-4,526

0

0

0

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,639

4,768

32,774

30,348

45,611

45,617

19,340

19,656

4,756

5,602

4,126

3,824

5,545

6,874

6,090

12,374

0

0

0

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

97,645

66,411

46,525

98,394

92,097

48,370

98,996

67,369

68,318

-11,822

57,014

58,257

20,391

86,382

44,950

85,399

67,743

77,331

101,145

9,814

39,884

14,290

-16,006

37,619

15,732

42,901

51,915

34,942

53,628

17,782

57,655

57,632

38,897

56,752

54,370

74,286

54,055

12,669

0

0

0

Distributor receivables

-3,723

-6,470

-7,968

-8,659

-9,602

-9,958

-10,914

-11,994

-8,946

-4,716

-2,658

19,717

19,276

19,981

20,827

1,307

1,122

-600

-2,926

-3,529

-3,699

-4,580

1,951

830

-1,879

7,382

0

0

0

-

-

13

696

256

-324

-3,243

-3,811

-4,286

0

0

0

Inventories

60,181

85,222

60,755

24,898

38,876

26,146

52,505

86,761

92,348

88,867

44,180

15,597

-20,721

-20,875

-20,363

-33,464

-11,840

7,068

-20,387

-308

1,194

-42,763

-38,435

-25,956

-9,938

21,552

55,609

37,251

27,520

47,568

31,278

46,302

19,045

4,465

16,195

14,668

53,143

44,973

0

0

0

Prepaid expenses and other assets

10,363

13,774

6,338

7,509

8,528

6,682

9,651

10,242

10,674

2,396

7,087

12,298

5,209

6,682

11,655

8,906

16,659

9,713

1,411

-1,755

-2,103

-888

-3,961

167

1,027

4,501

17,685

13,686

15,364

4,523

6,786

2,718

1,937

6,209

1,467

1,820

5,221

2,774

0

0

0

Prepaid income taxes

-42,783

-9,481

-8,428

1,699

-21,082

-98,716

-962

27,059

44,523

71,332

-113,044

-31,367

11,887

48,023

64,632

-54,444

8,046

11,009

74,396

86,493

17,758

-157

-20,191

-30,629

-1,008

-24,008

20,142

34,884

4,577

33,210

18,210

2,711

1,548

-9,470

0

0

0

-

-

-

-

Accounts payable

29,595

28,832

39,691

22,018

51,033

9,852

44,567

45,479

26,280

29,579

48,198

19,119

-10,063

45,340

-32,483

-16,255

14,208

20,864

56,392

47,293

47,956

11,282

-11,903

11,032

-9,615

-8,204

9,576

-24,522

-5,063

3,659

-1,242

27,928

21,033

26,250

46,136

36,501

19,520

33,352

0

0

0

Accrued liabilities

22,465

-14,297

-7,963

32,350

30,868

18,145

-3,850

-19,449

-26,272

-4,499

4,712

-10,299

-8,303

-2,852

22,319

37,610

50,164

43,312

19,928

-2,028

3,796

3,019

-6,505

3,807

-3,004

2,265

963

-2,815

2,279

6,458

22,527

20,886

15,924

8,144

10,500

5,212

3,958

13,174

0

0

0

Accrued promotional allowances

8,279

21,943

18,836

22,091

18,851

11,719

27,753

38,526

22,995

21,135

14,714

-5,372

-2,964

-3,939

15,224

16,209

22,305

7,009

3,305

6,792

3,662

20,530

1,178

18,520

9,701

8,932

52,204

49,520

50,696

2,723

25,331

10,882

12,252

28,442

0

0

0

-

-

-

-

Accrued distributor terminations

-10,275

279

-788

-62

10,110

-91

-14,885

143

-8,416

-8,172

9,554

-25,067

-160

-3,328

-1,976

-39,749

-197,637

11,196

0

0

0

-

-

-

-

1,552

4,395

4,335

8,242

794

-14

-14

-13

-330

-2,539

-2,539

-2,539

-2,570

0

0

0

Accrued compensation

4,253

7,228

5,933

3,382

1,995

5,477

3,364

3,303

1,943

4,491

5,167

6,903

1,396

8,051

1,747

1,923

3,226

4,507

6,275

4,519

1,366

3,394

1,554

1,474

1,509

1,970

984

885

957

2,498

2,844

2,176

1,459

2,878

2,186

-237

1,258

-66

0

0

0

Income taxes payable

10,678

8,105

13,637

-1,141

-1,123

1,943

-831

9,815

857

-3,590

-3,107

99,741

33,660

4,375

2,124

218,339

281,041

311,534

316,279

-5,875

-34,955

8,438

-39,230

8,069

64,133

34,308

96,443

52,213

-2,349

14,165

4,524

-139

18,781

13,918

8,637

-3,643

20,681

12,505

0

0

0

Other liabilities

-2,560

-1,030

-733

13

1,756

1,526

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-19,655

-24,858

-25,657

-22,043

-22,851

-19,967

-21,352

-25,145

-22,010

-19,872

-15,399

9,503

6,273

13,819

14,117

-592

4,502

-38,631

-38,215

-45,719

-46,631

-8,107

-7,739

-6,986

-4,773

2,982

3,349

4,071

2,194

-5,659

-6,824

-6,614

-6,781

-6,283

-3,215

-4,210

-4,527

-5,474

0

0

0

Net cash provided by operating activities

1,181,498

1,113,762

1,161,590

1,115,366

1,136,366

1,161,881

1,019,034

955,809

943,678

987,731

1,070,710

987,022

784,760

701,355

591,691

609,482

529,358

522,723

542,176

499,310

564,013

597,491

473,248

501,290

432,542

342,033

345,461

277,327

296,799

287,676

318,873

319,930

346,984

333,827

291,232

226,287

184,654

229,044

0

0

0

Maturities of held-to-maturity investments

-

-

-

-

-

-

-

-

-

-

-

-

-

868,304

1,983,479

2,477,811

2,232,402

2,089,788

1,163,282

865,756

812,991

710,294

623,042

474,246

341,534

256,843

424,564

632,518

766,114

841,576

723,666

542,075

507,774

407,918

283,864

230,322

134,944

107,992

0

0

0

Sales of available-for-sale investments

1,132,583

851,436

812,202

720,552

1,079,655

1,181,484

1,102,486

1,168,051

795,846

533,183

0

0

0

-

-

-

-

4,001

0

0

0

-

-

-

-

-

-

-

-

68,451

69,837

41,279

55,885

30,545

26,659

27,358

14,077

13,201

0

0

0

Purchases of held-to-maturity investments

-

-

-

-

-

-

-

-

-

-

-

-

-

152,050

651,660

1,242,055

2,067,351

2,033,584

2,129,241

1,652,997

1,061,166

1,130,601

926,087

824,691

675,673

557,419

432,857

354,402

475,984

597,155

691,190

752,167

692,879

583,138

616,621

395,754

293,379

257,474

0

0

0

Purchases of available-for-sale investments

1,107,119

1,067,736

951,039

864,472

753,977

826,084

914,546

1,027,418

1,160,920

971,813

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,502

9,502

26,440

28,539

33,312

0

0

0

-

-

-

-

Purchases of property and equipment

104,295

101,661

56,471

48,399

57,377

61,941

65,559

77,577

77,391

83,435

100,030

122,483

110,707

99,819

77,505

37,591

39,123

35,605

34,279

28,705

22,768

27,952

27,450

33,339

41,901

40,762

49,734

45,552

37,125

42,935

31,439

33,121

33,571

25,552

24,504

20,472

17,632

12,545

0

0

0

Sales of trading investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,075

0

0

0

-

-

-

-

17,050

20,505

36,655

49,465

34,715

0

0

0

-

-

-

-

Proceeds from sale of property and equipment

1,272

1,239

1,096

1,146

1,082

4,295

4,570

4,273

4,361

1,416

957

999

878

807

1,147

1,306

1,205

926

702

814

828

963

1,005

667

9,241

9,022

8,812

8,727

142

288

408

456

476

519

405

357

312

115

0

0

0

(Increase) decrease in intangibles

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in intangibles

-

-

-

-

-

12,984

10,831

9,761

9,125

9,693

6,400

611

4,024

5,518

5,791

8,203

7,678

6,888

6,998

6,149

5,068

3,411

3,939

6,902

7,708

11,175

10,812

8,899

8,914

6,301

5,432

4,250

3,885

5,132

5,288

6,973

8,416

9,852

0

0

0

Increase in other assets

122

1,265

2,978

5,149

12,556

11,814

10,108

8,251

2,696

1,199

1,265

-1,752

187

-7

-697

1,561

483

398

836

1,086

-914

-1,230

-4,243

-1,280

3,598

4,360

7,584

4,646

144

-377

266

130

-738

-410

541

750

1,535

1,440

0

0

0

Net cash provided by investing activities

-93,527

-326,724

-209,377

-209,264

243,861

272,956

106,012

49,317

-449,365

-531,541

-472,879

-413,498

-496,767

-256,193

542,005

508,558

504,698

400,066

-626,079

-438,252

-266,819

-440,403

-316,093

-377,246

-368,337

-339,808

-53,800

258,816

276,448

271,849

76,587

-195,643

-144,536

-173,027

-396,620

-216,293

-229,910

-212,510

0

0

0

Principal payments on debt

13,909

13,569

13,245

9,989

1,736

1,886

2,187

2,221

2,426

2,583

2,506

2,594

2,537

2,359

2,007

1,652

1,409

1,083

1,110

1,176

1,195

1,619

1,881

2,066

2,211

1,887

1,776

1,779

1,762

2,076

2,386

2,337

2,303

1,942

1,290

877

507

420

0

0

0

Excess tax benefit from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,639

4,768

32,774

30,348

45,611

45,617

19,340

19,656

4,756

5,602

4,126

3,824

5,545

6,874

6,090

12,374

0

0

0

Issuance of common stock

71,175

92,363

88,615

95,369

56,513

27,851

50,331

47,149

45,506

52,626

32,566

27,331

25,948

16,405

16,225

15,708

1,681,620

1,696,661

1,693,169

1,698,572

30,559

17,168

18,104

12,680

24,599

21,252

20,845

20,866

10,674

11,015

10,892

15,447

18,793

20,318

27,711

27,111

20,547

20,824

0

0

0

Purchases of common stock held in treasury

1,043,718

707,300

1,014,648

760,340

1,312,918

1,342,076

917,154

1,166,025

613,064

361,178

499,169

250,485

2,250,485

2,252,437

2,051,434

2,398,004

558,601

807,967

759,023

420,333

259,537

8,175

62,324

54,262

54,258

67,599

0

0

0

-

-

-

-

176,392

0

0

0

-

-

-

-

Net cash used in financing activities

-986,452

-628,506

-939,278

-674,960

-1,258,141

-1,316,111

-869,010

-1,121,097

-569,984

-311,135

-469,109

-225,748

-2,227,074

-2,238,391

-2,037,216

-2,383,948

1,121,610

887,611

921,495

1,273,760

-232,775

7,374

-34,462

-38,880

904

-17,886

-289,615

-676,362

-712,779

-699,075

-400,863

-118,818

-116,914

-154,192

-117,077

-5,754

-36,272

9,238

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-18,027

1,912

-9,032

-2,582

-15,102

-9,835

-7,881

-1,997

10,694

5,985

-4,689

-4,890

-12,691

-4,606

4,329

4,382

9,656

-5,306

-5,198

-11,574

-13,652

-5,488

-1,389

4,048

4,378

4,496

1,919

4,891

-9,373

2,733

1,300

-4,499

10,399

-2,119

-7

4,046

1,125

721

0

0

0

NET DECREASE IN CASH AND CASH EQUIVALENTS

83,492

160,444

3,903

228,560

106,984

108,891

248,155

-117,968

-64,977

151,040

124,033

342,886

-1,951,772

-1,797,835

-899,191

-1,261,526

2,165,322

1,805,094

832,394

1,323,244

50,767

158,974

121,304

89,212

69,487

-11,165

3,965

-135,328

-148,905

-136,817

-4,103

970

95,933

4,489

-222,472

8,286

-80,403

26,493

0

0

0

SUPPLEMENTAL INFORMATION:
Cash paid during the year for:
Interest

316

320

322

285

59

60

64

65

72

75

69

72

71

68

62

51

40

29

28

28

27

34

40

48

56

49

44

39

39

48

54

45

52

48

38

38

20

13

0

0

0

Income taxes

291,801

293,810

293,273

292,109

267,546

200,767

229,887

275,231

338,619

389,490

295,882

272,135

360,181

431,273

513,115

463,820

339,411

224,928

198,345

223,882

280,207

267,251

287,197

211,212

178,362

174,278

142,941

197,630

212,393

230,221

216,677

199,823

168,548

147,927

154,914

162,205

132,793

136,369

0

0

0