Monster Beverage Corporation (MNST)

Monster Beverage Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	7,340	7,140	6,311	5,541	4,599	4,201
Revenue Growth (YoY)	13.08%	13.14%	13.89%	20.50%	9.47%	10.34%
Cost of Revenue	3,417	3,346	3,136	2,433	1,875	1,682
Gross Profit	3,923	3,794	3,175	3,109	2,724	2,519
Selling, General & Admin	1,913	1,841	1,590	1,311	1,091	1,116
Operating Expenses	1,913	1,841	1,590	1,311	1,091	1,116
Operating Income	2,010	1,953	1,585	1,797	1,633	1,403
Other Expense / Income	-138.39	-115.13	12.76	-3.95	7	-13.02
Pretax Income	2,149	2,068	1,572	1,801	1,626	1,416
Income Tax	473.08	437.49	380.34	423.94	216.56	308.13
Net Income	1,676	1,631	1,192	1,377	1,410	1,108
Net Income Growth	29.40%	36.87%	-13.49%	-2.28%	27.24%	11.56%
Shares Outstanding (Basic)	1,041	1,045	1,054	1,058	1,059	1,084
Shares Outstanding (Diluted)	1,051	1,058	1,066	1,071	1,070	1,093
Shares Change	-0.74%	-0.79%	-0.45%	0.16%	-2.16%	-3.13%
EPS (Basic)	1.60	1.56	1.13	1.30	1.33	1.02
EPS (Diluted)	1.59	1.54	1.12	1.29	1.32	1.01
EPS Growth	29.27%	37.50%	-13.18%	-2.27%	30.05%	15.34%
Free Cash Flow	1,442	1,486	676.86	1,100	1,298	1,005
Free Cash Flow Per Share	1.39	1.42	0.64	1.04	1.23	0.93
Gross Margin	53.45%	53.14%	50.30%	56.10%	59.23%	59.95%
Operating Margin	27.39%	27.36%	25.11%	32.44%	35.51%	33.40%
Profit Margin	22.83%	22.84%	18.88%	24.86%	30.65%	26.37%
Free Cash Flow Margin	19.65%	20.81%	10.72%	19.84%	28.22%	23.91%
Effective Tax Rate	22.02%	21.15%	24.20%	23.53%	13.32%	21.76%
EBITDA	2,231	2,146	1,641	1,856	1,687	1,481
EBITDA Margin	30.40%	30.06%	25.99%	33.49%	36.69%	35.25%
Depreciation & Amortization	82.63	77.94	68.58	54.26	60.97	64.81
EBIT	2,149	2,068	1,572	1,801	1,626	1,416
EBIT Margin	29.27%	28.97%	24.91%	32.51%	35.36%	33.71%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).