Monster Beverage Corporation (MNST)
NASDAQ: MNST · Real-Time Price · USD
97.74
+2.41 (2.53%)
Jul 28, 2026, 4:00 PM EDT - Market closed
Monster Beverage Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 2,032 | 1,905 | 1,509 | 1,631 | 1,192 | 1,377 |
Depreciation & Amortization | 117.99 | 114.44 | 80.43 | 68.9 | 61.24 | 50.16 |
Stock-Based Compensation | 133.25 | 125.69 | 90.99 | 68.84 | 64.11 | 70.48 |
Other Adjustments | 20.46 | 72.83 | 170.94 | -21.61 | 57.53 | 19.52 |
Change in Receivables | -440.11 | -300.6 | -93.92 | -163.16 | -128.98 | -254.23 |
Changes in Inventories | -88.01 | -34.92 | 211.5 | 7.9 | -347.71 | -277.79 |
Changes in Accounts Payable | 231.39 | 78.46 | -61.49 | 112.79 | 49.77 | 114.3 |
Changes in Accrued Expenses | 235.51 | 197.41 | 34.05 | 11.42 | 24.13 | 111.13 |
Changes in Income Taxes Payable | 49.46 | 27.78 | 9.44 | 1.75 | -16.86 | 7.23 |
Changes in Unearned Revenue | -22.16 | -23.01 | -17.36 | -24.47 | -19.91 | -22.66 |
Changes in Other Operating Activities | -122.31 | -65.34 | 25.41 | -6.1 | -47.25 | -39.77 |
Operating Cash Flow | 2,196 | 2,098 | 1,929 | 1,718 | 887.7 | 1,156 |
Operating Cash Flow Growth | 8.48% | 8.80% | 12.27% | 93.51% | -23.19% | -15.28% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -123.82 | -132.28 | -264.07 | -221.43 | -188.73 | -43.87 |
Sale of Property, Plant & Equipment | 3.97 | 4.3 | 2.73 | 2.52 | 1.31 | 1.33 |
Purchases of Intangible Assets | -23.44 | -25.25 | -42.36 | -13.3 | -23.43 | -13.59 |
Purchases of Investments | -1,965 | -1,269 | -342.12 | -1,621 | -1,847 | -2,413 |
Proceeds from Sale of Investments | - | 105.79 | 1,378 | 2,030 | 2,252 | 1,489 |
Cash Acquisitions | - | - | - | -363.39 | -329.47 | - |
Other Investing Activities | -1.78 | -0.4 | 1.64 | -6.83 | -26.34 | -11.35 |
Investing Cash Flow | -1,807 | -1,317 | 733.73 | -193.4 | -161.37 | -992.02 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | -10.34 | 741.78 | -13.91 | 0.08 | - |
Short-Term Debt Repaid | -208.11 | -375 | -375 | - | - | - |
Net Short-Term Debt Issued (Repaid) | -208.11 | -385.34 | 366.78 | -13.91 | 0.08 | - |
Long-Term Debt Issued | - | - | - | - | - | 2.93 |
Net Long-Term Debt Issued (Repaid) | - | - | - | - | - | 2.93 |
Issuance of Common Stock | 134.44 | 164.57 | 78.97 | 130.27 | 64.02 | 45.72 |
Repurchase of Common Stock | -220.98 | -103.65 | -3,772 | -658.95 | -771.03 | -13.83 |
Net Common Stock Issued (Repurchased) | -86.55 | 60.92 | -3,693 | -528.69 | -707.01 | 31.89 |
Other Financing Activities | - | - | -2.9 | - | - | - |
Financing Cash Flow | -296.96 | -324.42 | -3,329 | -542.6 | -706.94 | 34.82 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 44.28 | 97.85 | -97.62 | 8.78 | -38.72 | -52.49 |
Net Cash Flow | 136.28 | 554.83 | -764.39 | 990.53 | -19.32 | 146.05 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 2,072 | 1,966 | 1,664 | 1,496 | 698.97 | 1,112 |
Free Cash Flow Growth | 15.29% | 18.11% | 11.24% | 114.07% | -37.14% | -15.47% |
FCF Margin | 23.56% | 23.70% | 22.21% | 20.96% | 11.08% | 20.06% |
Free Cash Flow Per Share | 2.10 | 2.00 | 1.64 | 1.41 | 0.66 | 1.04 |
Levered Free Cash Flow | 2,102 | 1,683 | 1,894 | 1,568 | 706.39 | 1,279 |
Unlevered Free Cash Flow | 2,253 | 2,019 | 1,482 | 1,491 | 715.98 | 1,273 |