Monster Beverage (MNST) 10-Q7 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2024	Oct. 31, 2024
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Securities Act File Number	001-18761
Entity Registrant Name	Monster Beverage Corp
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-1809393
Entity Address, Address Line One	1 Monster Way
Entity Address, City or Town	Corona
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92879
City Area Code	951
Local Phone Number	739 - 6200
Title of 12(b) Security	Common Stock
Trading Symbol	MNST
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		972,519,659
Entity Central Index Key	0000865752
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 1,625,339	$ 2,297,675
Short-term investments	0	955,605
Accounts receivable, net	1,285,397	1,193,964
Inventories	770,338	971,406
Prepaid expenses and other current assets	124,656	116,195
Prepaid income taxes	92,028	54,151
Total current assets	3,897,758	5,588,996
INVESTMENTS	0	76,431
PROPERTY AND EQUIPMENT, net	1,006,788	890,796
DEFERRED INCOME TAXES, net	183,430	175,003
GOODWILL	1,417,941	1,417,941
OTHER INTANGIBLE ASSETS, net	1,442,426	1,427,139
OTHER ASSETS	104,958	110,216
Total Assets	8,053,301	9,686,522
CURRENT LIABILITIES:
Accounts payable	549,028	564,379
Accrued liabilities	259,088	183,988
Accrued promotional allowances	301,973	269,061
Deferred revenue	45,627	41,914
Accrued compensation	81,787	87,392
Income taxes payable	7,641	14,955
Total current liabilities	1,245,144	1,161,689
DEFERRED REVENUE	186,135	204,251
DEFERRED INCOME TAXES	28,896	0
OTHER LIABILITIES	64,884	91,838
LONG-TERM DEBT	748,842	0
COMMITMENTS AND CONTINGENCIES (Note 12)
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 5,000,000 shares authorized; 1,125,699 shares issued and 972,450 shares outstanding as of September 30, 2024; 1,122,592 shares issued and 1,041,571 shares outstanding as of December 31, 2023	5,628	5,613
Additional paid-in capital	5,105,957	4,975,115
Retained earnings	7,178,073	5,939,736
Accumulated other comprehensive loss	(137,842)	(125,337)
Common stock in treasury, at cost; 153,249 shares and 81,021 shares as of September 30, 2024 and December 31, 2023, respectively	(6,372,416)	(2,566,383)
Total stockholders' equity	5,779,400	8,228,744
Total Liabilities and Stockholders' Equity	$ 8,053,301	$ 9,686,522

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Sep. 30, 2024	Dec. 31, 2023
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$ 0.005	$ 0.005
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares issued	1,125,699	1,122,592
Common stock, shares outstanding	972,450	1,041,571
Common stock in treasury, shares	153,249	81,021

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
NET SALES	$ 1,880,973	$ 1,856,028	$ 5,680,668	$ 5,409,919
COST OF SALES	881,174	872,265	2,634,235	2,554,086
GROSS PROFIT	999,799	983,763	3,046,433	2,855,833
OPERATING EXPENSES	519,883	473,236	1,497,363	1,336,437
OPERATING INCOME	479,916	510,527	1,549,070	1,519,396
INTEREST and OTHER INCOME (EXPENSE), net	(5,820)	71,357	54,311	99,010
INCOME BEFORE PROVISION FOR INCOME TAXES	474,096	581,884	1,603,381	1,618,406
PROVISION FOR INCOME TAXES	103,177	129,190	365,044	354,397
NET INCOME	$ 370,919	$ 452,694	$ 1,238,337	$ 1,264,009
NET INCOME PER COMMON SHARE:
Basic (in dollar per share)	$ 0.38	$ 0.43	$ 1.22	$ 1.21
Diluted (in dollar per share)	$ 0.38	$ 0.43	$ 1.21	$ 1.19
Basic (in shares)	975,841	1,047,015	1,015,252	1,046,337
Diluted (in shares)	983,171	1,059,966	1,023,912	1,059,809

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income, as reported	$ 370,919	$ 452,694	$ 1,238,337	$ 1,264,009
Other comprehensive income (loss), net of tax:
Change in foreign currency translation adjustment	47,846	(48,280)	(13,953)	(46,074)
Available-for-sale investments:
Change in net unrealized gain (loss) on available-for-sale investments	0	1,272	758	3,680
Change in net gain (loss) on commodity derivatives	(3,384)	4,700	690	3,434
Other comprehensive income (loss)	44,462	(42,308)	(12,505)	(38,960)
Comprehensive income	$ 415,381	$ 410,386	$ 1,225,832	$ 1,225,049

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury stock	Total
Balance at Dec. 31, 2022	$ 6,418	$ 4,776,804	$ 9,001,173	$ (159,073)	$ (6,600,281)	$ 7,025,041
Balance (in shares) at Dec. 31, 2022	1,283,688				(239,088)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		15,743				15,743
Stock options/awards	$ 19	36,329				36,348
Stock options/awards (in shares)	3,704
Unrealized gain (loss), net on available-for-sale securities				3,181		3,181
Retirement of treasury stock	$ (850)	425	(4,692,425)		$ 4,692,850
Retirement of treasury stock (in shares)	(170,000)				170,000
Repurchase of common stock					$ (90,378)	(90,378)
Repurchase of common stock (in shares)					(1,688)
Foreign currency translation				7,981		7,981
Net income			397,444			397,444
Balance at Mar. 31, 2023	$ 5,587	4,829,301	4,706,192	(147,911)	$ (1,997,809)	7,395,360
Balance (in shares) at Mar. 31, 2023	1,117,392				(70,776)
Balance at Dec. 31, 2022	$ 6,418	4,776,804	9,001,173	(159,073)	$ (6,600,281)	7,025,041
Balance (in shares) at Dec. 31, 2022	1,283,688				(239,088)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unrealized gain (loss), net on available-for-sale securities						3,680
Change in net gain (loss) on commodity derivatives						3,434
Net income						1,264,009
Balance at Sep. 30, 2023	$ 5,592	4,893,289	5,572,757	(198,033)	$ (2,400,456)	7,873,149
Balance (in shares) at Sep. 30, 2023	1,118,498				(78,078)
Balance at Mar. 31, 2023	$ 5,587	4,829,301	4,706,192	(147,911)	$ (1,997,809)	7,395,360
Balance (in shares) at Mar. 31, 2023	1,117,392				(70,776)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		17,176				17,176
Stock options/awards	$ 4	23,314				23,318
Stock options/awards (in shares)	877
Unrealized gain (loss), net on available-for-sale securities				(773)		(773)
Retirement of treasury stock					$ (447)	(447)
Repurchase of common stock (in shares)					(8)
Foreign currency translation				(5,775)		(5,775)
Change in net gain (loss) on commodity derivatives				(1,266)		(1,266)
Net income			413,871			413,871
Balance at Jun. 30, 2023	$ 5,591	4,869,791	5,120,063	(155,725)	$ (1,998,256)	7,841,464
Balance (in shares) at Jun. 30, 2023	1,118,269				(70,784)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		17,605				17,605
Stock options/awards	$ 1	5,893				5,894
Stock options/awards (in shares)	229
Unrealized gain (loss), net on available-for-sale securities				1,272		1,272
Repurchase of common stock					$ (402,200)	(402,200)
Repurchase of common stock (in shares)					(7,294)
Foreign currency translation				(48,280)		(48,280)
Change in net gain (loss) on commodity derivatives				4,700		4,700
Net income			452,694			452,694
Balance at Sep. 30, 2023	$ 5,592	4,893,289	5,572,757	(198,033)	$ (2,400,456)	7,873,149
Balance (in shares) at Sep. 30, 2023	1,118,498				(78,078)
Balance at Dec. 31, 2023	$ 5,613	4,975,115	5,939,736	(125,337)	$ (2,566,383)	8,228,744
Balance (in shares) at Dec. 31, 2023	1,122,592				(81,021)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		21,452				21,452
Stock options/awards	$ 11	38,381				38,392
Stock options/awards (in shares)	2,278
Unrealized gain (loss), net on available-for-sale securities				223		223
Repurchase of common stock					$ (120,245)	(120,245)
Repurchase of common stock (in shares)					(2,151)
Foreign currency translation				(30,695)		(30,695)
Change in net gain (loss) on commodity derivatives				(2,131)		(2,131)
Net income			442,049			442,049
Balance at Mar. 31, 2024	$ 5,624	5,034,948	6,381,785	(157,940)	$ (2,686,628)	8,577,789
Balance (in shares) at Mar. 31, 2024	1,124,870				(83,172)
Balance at Dec. 31, 2023	$ 5,613	4,975,115	5,939,736	(125,337)	$ (2,566,383)	8,228,744
Balance (in shares) at Dec. 31, 2023	1,122,592				(81,021)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unrealized gain (loss), net on available-for-sale securities						758
Change in net gain (loss) on commodity derivatives						690
Net income						1,238,337
Balance at Sep. 30, 2024	$ 5,628	5,105,957	7,178,073	(137,842)	$ (6,372,416)	5,779,400
Balance (in shares) at Sep. 30, 2024	1,125,699				(153,249)
Balance at Mar. 31, 2024	$ 5,624	5,034,948	6,381,785	(157,940)	$ (2,686,628)	8,577,789
Balance (in shares) at Mar. 31, 2024	1,124,870				(83,172)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		19,645				19,645
Stock options/awards	$ 3	13,698				13,701
Stock options/awards (in shares)	460
Unrealized gain (loss), net on available-for-sale securities				535		535
Repurchase of common stock					$ (3,145,817)	(3,145,817)
Repurchase of common stock (in shares)					(58,778)
Foreign currency translation				(31,104)		(31,104)
Change in net gain (loss) on commodity derivatives				6,205		6,205
Net income			425,369			425,369
Balance at Jun. 30, 2024	$ 5,627	5,068,291	6,807,154	(182,304)	$ (5,832,445)	5,866,323
Balance (in shares) at Jun. 30, 2024	1,125,330				(141,950)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		27,659				27,659
Stock options/awards	$ 1	10,007				10,008
Stock options/awards (in shares)	369
Unrealized gain (loss), net on available-for-sale securities						0
Repurchase of common stock					$ (539,971)	(539,971)
Repurchase of common stock (in shares)					(11,299)
Foreign currency translation				47,846		47,846
Change in net gain (loss) on commodity derivatives				(3,384)		(3,384)
Net income			370,919			370,919
Balance at Sep. 30, 2024	$ 5,628	$ 5,105,957	$ 7,178,073	$ (137,842)	$ (6,372,416)	$ 5,779,400
Balance (in shares) at Sep. 30, 2024	1,125,699				(153,249)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,238,337	$ 1,264,009
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	59,822	50,364
Non-cash lease expense	9,801	6,471
Loss (gain) on disposal of property and equipment	2,070	(686)
Gain on Bang Transaction		(45,382)
Loss on impairment of intangibles	0	2,800
Loss on impairment of property and equipment	6,067
Stock-based compensation	68,793	52,465
Deferred income taxes	(10,242)	0
Effect on cash of changes in operating assets and liabilities net of acquisition:
Accounts receivable	(106,404)	(218,804)
Inventories	197,107	69,796
Prepaid expenses and other assets	(5,861)	(67,368)
Prepaid income taxes	(39,668)	8,032
Accounts payable	(14,346)	109,823
Accrued liabilities	46,749	24,697
Accrued promotional allowances	31,492	42,425
Accrued compensation	(6,043)	3,523
Income taxes payable	4,213	4,217
Other liabilities	(2,403)	(3,636)
Deferred revenue	(12,652)	(19,320)
Net cash provided by operating activities	1,466,832	1,283,426
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of available-for-sale investments	1,377,915	1,546,038
Purchases of available-for-sale investments	(342,121)	(1,405,233)
Acquisition of Bang Energy		(363,385)
Purchases of property and equipment	(172,795)	(110,224)
Proceeds from sale of property and equipment	2,095	1,753
Additions to intangibles	(21,473)	(9,110)
Increase in other assets	(603)	(19,862)
Net cash provided by (used in) investing activities	843,018	(360,023)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on short-term debt	(6,717)	(11,273)
Borrowings on credit facilities	750,000
Payments for debt issuance costs	(2,904)
Issuance of common stock	62,101	65,560
Purchases of common stock held in treasury	(3,770,184)	(488,080)
Net cash used in financing activities	(2,967,704)	(433,793)
Effect of exchange rate changes on cash and cash equivalents	(14,482)	(22,902)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(672,336)	466,708
CASH AND CASH EQUIVALENTS, beginning of period	2,297,675	1,307,141
CASH AND CASH EQUIVALENTS, end of period	1,625,339	1,773,849
Cash paid during the period for:
Interest	13,808	254
Income taxes	$ 411,884	$ 348,948

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS
Accrued liabilities for intangible assets	$ 10.9	$ 14.3
Capital expenditures	$ 20.3	2
Repurchase of treasury stock		2.6
Accounts payable for purchase of available-for-sale short-term investment		8.7
Accounts receivable related to available-for-sale short-term investment sales		$ 5.9

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Sep. 30, 2024
BASIS OF PRESENTATION
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION Reference is made to the Notes to Consolidated Financial Statements, in Monster Beverage Corporation and Subsidiaries (the “Company”) Annual Report on Form 10-K for the year ended December 31, 2023 for a summary of significant accounting policies utilized by the Company and its consolidated subsidiaries and other disclosures, which should be read in conjunction with this Quarterly Report on Form 10-Q (“Form 10-Q”). The Company’s condensed consolidated financial statements included in this Form 10-Q have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and Securities and Exchange Commission (“SEC”) rules and regulations applicable to interim financial reporting. They do not include all the information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP. The information set forth in these interim condensed consolidated financial statements for the three-and nine-months ended September 30, 2024 and 2023, respectively, is unaudited and reflects all adjustments, which include only normal recurring adjustments and which in the opinion of management are necessary to make the interim condensed consolidated financial statements not misleading. Results of operations for periods covered by this report may not necessarily be indicative of results of operations for the full year. The preparation of financial statements in conformity with GAAP necessarily requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates. Recent Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
REVENUE RECOGNITION	Sep. 30, 2024
REVENUE RECOGNITION
REVENUE RECOGNITION	2. REVENUE RECOGNITION Revenues are accounted for in accordance with FASB Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. The Company has four operating and reportable segments: (i) Monster Energy® Drinks segment (“Monster Energy® Drinks”), which is primarily comprised of the Company’s Monster Energy® drinks, Reign Total Body Fuel® high performance energy drinks, Reign Storm® total wellness energy drinks and Bang Energy® drinks, (ii) Strategic Brands segment (“Strategic Brands”), which is primarily comprised of the various energy drink brands acquired from The Coca-Cola Company (“TCCC”) in 2015 as well as the Company’s affordable energy brands, Predator® and Fury®, (iii) Alcohol Brands segment (“Alcohol Brands”), which is comprised of various craft beers, hard seltzers and flavored malt beverages (“FMBs”) and (iv) Other segment (“Other”), which is comprised of certain products sold by American Fruits and Flavors, LLC, a wholly-owned subsidiary of the Company, to independent third-party customers (the “AFF Third-Party Products”). The Company’s Monster Energy® Drinks segment primarily generates net operating revenues by selling ready-to-drink packaged drinks primarily to bottlers and full service beverage distributors (“bottlers/distributors”). In some cases, the Company sells ready-to-drink packaged drinks directly to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience and gas chains, drug stores, foodservice customers, value stores, e-commerce retailers and the military. The Company’s Strategic Brands segment primarily generates net operating revenues by selling “concentrates” and/or “beverage bases” to authorized bottling and canning operations. Such bottlers generally combine the concentrates and/or beverage bases with sweeteners, water and other ingredients to produce ready-to-drink packaged energy drinks. The ready-to-drink packaged energy drinks are then sold by such bottlers to other bottlers/distributors and to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience and gas chains, foodservice customers, drug stores, value stores, e-commerce retailers and the military. To a lesser extent, the Strategic Brands segment generates net operating revenues by selling certain ready-to-drink packaged energy drinks to bottlers/distributors. The Company’s Alcohol Brands segment primarily generates operating revenues by selling kegged and ready-to-drink canned beers, hard seltzers and FMBs primarily to beer distributors in the United States. The majority of the Company’s revenue is recognized when it satisfies a single performance obligation by transferring control of its products to a customer. Control is generally transferred when the Company’s products are either shipped or delivered based on the terms contained within the underlying contracts or agreements. Certain of the Company’s bottlers/distributors may also perform a separate function as a co-packer on the Company’s behalf. In such cases, control of the Company’s products passes to such bottlers/distributors when they notify the Company that they have taken possession or transferred the relevant portion of the Company’s finished goods. The Company’s general payment terms are short-term in duration. The Company does not have significant financing components or payment terms. The Company did not have any material unsatisfied performance obligations as of September 30, 2024 and December 31, 2023. The Company excludes from revenues all taxes assessed by a governmental authority that are imposed on the sale of its products and collected from customers. Distribution expenses to transport the Company’s products, where applicable, and warehousing expenses after manufacture are accounted for within operating expenses. Promotional and other allowances (variable consideration) recorded as a reduction to net sales for the Company’s energy drink products primarily include consideration given to the Company’s non-alcohol bottlers/distributors or retail customers, including, but not limited to, the following: ● discounts granted off list prices to support price promotions to end-consumers by retailers; ● reimbursements given to the Company’s bottlers/distributors for agreed portions of their promotional spend with retailers, including slotting, shelf space allowances and other fees for both new and existing products; ● the Company’s agreed share of fees given to bottlers/distributors and/or directly to retailers for advertising, in-store marketing and promotional activities; ● the Company’s agreed share of slotting, shelf space allowances and other fees given directly to retailers, club stores and/or wholesalers; ● incentives given to the Company’s bottlers/distributors and/or retailers for achieving or exceeding certain predetermined sales goals; ● discounted or free products; ● contractual fees given to the Company’s bottlers/distributors related to sales made directly by the Company to certain customers that fall within the bottlers’/distributors’ sales territories; and ● commissions to TCCC based on the Company’s sales to wholly-owned subsidiaries of TCCC (the “TCCC Subsidiaries”) and/or to TCCC bottlers/distributors accounted for under the equity method by TCCC (the “TCCC Related Parties”). The Company’s promotional allowance programs for its energy drink products are executed through separate agreements in the ordinary course of business. These agreements generally provide for one or more of the arrangements described above and are of varying durations, typically ranging from one week to one year. The Company’s promotional and other allowances for its energy drink products are calculated based on various programs with bottlers/distributors and retail customers, and accruals are established at the time of initial product sale for the Company’s anticipated liabilities. These accruals are based on agreed upon terms as well as the Company’s historical experience with similar programs and require management’s judgment with respect to estimating consumer participation and/or bottler/distributor and retail customer performance levels. Differences between such estimated expenses and actual expenses for promotional and other allowance costs have historically been insignificant and are recognized in earnings in the period such differences are determined. Promotional and other allowances for our Alcohol Brands segment primarily include price promotions where permitted. Amounts received pursuant to new and/or amended distribution agreements entered into with certain bottlers/distributors relating to the costs associated with terminating the Company’s prior distributors, are accounted for as deferred revenue and recognized as revenue ratably over the anticipated life of the respective distribution agreements, generally over 20 years. The Company also enters into license agreements that generate revenues associated with third-party sales of non-beverage products bearing the Company’s trademarks including, but not limited to, clothing, hats, t-shirts, jackets, helmets and automotive wheels. Management believes that adequate provision has been made for cash discounts, returns and spoilage based on the Company’s historical experience. Disaggregation of Revenue The following tables disaggregate the Company’s revenue by geographical markets and reportable segments: Three-Months Ended September 30, 2024 Asia Pacific Latin U.S. and (including America and Net Sales Canada EMEA 1 Oceania) Caribbean Total Monster Energy® Drinks $ 1,071,923 $ 371,026 $ 124,136 $ 155,608 $ 1,722,693 Strategic Brands 54,524 46,562 7,910 3,570 112,566 Alcohol Brands 39,784 — — — 39,784 Other 5,930 — — — 5,930 Total Net Sales $ 1,172,161 $ 417,588 $ 132,046 $ 159,178 $ 1,880,973 Three-Months Ended September 30, 2023 Asia Pacific Latin U.S. and (including America and Net Sales Canada EMEA 1 Oceania) Caribbean Total Monster Energy® Drinks $ 1,069,856 $ 355,898 $ 118,869 $ 163,618 $ 1,708,241 Strategic Brands 50,084 35,985 8,398 4,296 98,763 Alcohol Brands 42,326 — — — 42,326 Other 6,698 — — — 6,698 Total Net Sales $ 1,168,964 $ 391,883 $ 127,267 $ 167,914 $ 1,856,028 1 Europe, Middle East and Africa (“EMEA”) Nine-Months Ended September 30, 2024 Asia Pacific Latin U.S. and (including America and Net Sales Canada EMEA 1 Oceania) Caribbean Total Monster Energy® Drinks $ 3,266,832 $ 1,075,240 $ 378,232 $ 474,248 $ 5,194,552 Strategic Brands 153,745 131,837 30,117 14,533 330,232 Alcohol Brands 137,417 — — — 137,417 Other 18,467 — — — 18,467 Total Net Sales $ 3,576,461 $ 1,207,077 $ 408,349 $ 488,781 $ 5,680,668 Nine-Months Ended September 30, 2023 Asia Pacific Latin U.S. and (including America and Net Sales Canada EMEA 1 Oceania) Caribbean Total Monster Energy® Drinks $ 3,160,071 $ 972,531 $ 379,342 $ 444,854 $ 4,956,798 Strategic Brands 140,353 108,986 25,209 10,263 284,811 Alcohol Brands 149,692 — — — 149,692 Other 18,618 — — — 18,618 Total Net Sales $ 3,468,734 $ 1,081,517 $ 404,551 $ 455,117 $ 5,409,919 1 Europe, Middle East and Africa (“EMEA”) Contract Liabilities Amounts received from certain bottlers/distributors at inception of their distribution contracts or at the inception of certain sales/marketing programs are accounted for as deferred revenue. As of September 30, 2024 and December 31, 2023, the Company had $231.8 million and $246.2 million, respectively, of deferred revenue, which is included in current and long-term deferred revenue in the Company’s condensed consolidated balance sheets. During both the three-months ended September 30, 2024 and 2023, $10.0 million of deferred revenue was recognized in net sales. During the nine-months ended September 30, 2024 and 2023, $29.9 million and $30.0 million, respectively, of deferred revenue was recognized in net sales. See Note 10.

LEASES

LEASES	9 Months Ended
LEASES	Sep. 30, 2024
LEASES
LEASES	3. LEASES The Company leases identified assets consisting primarily of office and warehouse space, warehouse equipment and vehicles. Leases are classified as either finance leases or operating leases based on criteria in ASC 842, “Leases”. The Company’s leases have remaining lease terms of less than one year to 10 years, some which leases leases The components of lease cost were as follows: Three-Months Ended September 30, Nine-Months Ended September 30, 2024 2023 2024 2023 Operating lease cost $ 4,086 $ 2,968 $ 11,776 $ 8,051 Short-term lease cost 2,182 2,209 7,004 4,258 Variable lease cost 231 295 672 736 Finance leases: Amortization of right-of-use assets 131 383 1,215 708 Interest on lease liabilities 27 88 175 146 Finance lease cost 158 471 1,390 854 Total lease cost $ 6,657 $ 5,943 $ 20,842 $ 13,899 Supplemental cash flow information was as follows: Nine-Months Ended September 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 11,163 $ 7,600 Operating cash outflows from finance leases 175 146 Financing cash outflows from finance leases 6,718 3,660 Right-of-use assets obtained in exchange for lease obligations: Finance leases 2,977 10,120 Operating leases 6,405 15,944 Supplemental balance sheet information was as follows: September 30, December 31, Balance Sheet Location 2024 2023 Operating leases: Right-of-use assets Other assets $ 55,808 $ 58,845 Current lease liabilities Accrued liabilities $ 11,331 $ 11,088 Noncurrent lease liabilities Other liabilities 45,380 48,459 Total operating lease liabilities $ 56,711 $ 59,547 Finance leases: Right-of-use assets Property and equipment, net $ 5,190 $ 11,147 Current lease liabilities Accrued liabilities $ 2,676 $ 6,449 Noncurrent lease liabilities Other liabilities 43 19 Total finance lease liabilities $ 2,719 $ 6,468 Weighted-average remaining lease term and weighted-average discount rate for the Company’s leases were as follows: September 30, December 31, 2024 2023 Weighted-average remaining lease term in years: Operating leases 5.8 6.3 Finance leases 0.9 0.7 Weighted-average discount rate: Operating leases 4.8 % 4.7 % Finance leases 6.1 % 6.3 % The following table outlines maturities of the Company’s lease liabilities as of September 30, 2024: Undiscounted Future Lease Payments Operating Leases Finance Leases 2024 (from October 1, 2024 to December 31, 2024) $ 3,329 $ 1,117 2025 13,424 1,638 2026 11,080 14 2027 10,174 11 2028 8,606 11 2029 and thereafter 18,566 6 Total lease payments 65,179 2,797 Less imputed interest (8,468) (78) Total $ 56,711 $ 2,719 As of September 30, 2024, the Company did not have any significant leases that had not yet commenced.

INVESTMENTS

INVESTMENTS	9 Months Ended
INVESTMENTS	Sep. 30, 2024
INVESTMENTS.
INVESTMENTS	4. INVESTMENTS The following table summarizes the Company’s investments at December 31, 2023. The Company held no short-term or long Continuous Continuous Gross Gross Unrealized Unrealized Unrealized Unrealized Loss Position Loss Position Amortized Holding Holding Fair less than greater than December 31, 2023 Cost Gains Losses Value 12 Months 12 Months Available-for-sale Short-term: Commercial paper $ 163,775 $ — $ 1 $ 163,774 $ 1 $ — Certificates of deposit 15,590 — — 15,590 — — Municipal securities 361 — — 361 — — U.S. government agency securities 116,524 90 66 116,548 66 — U.S. treasuries 412,936 205 1,084 412,057 1,084 — Corporate bonds 247,340 89 154 247,275 154 — Long-term: U.S. government agency securities 23,485 51 5 23,531 5 — U.S. treasuries 35,896 79 8 35,967 8 — Corporate bonds 16,903 32 2 16,933 2 — Total $ 1,032,810 $ 546 $ 1,320 $ 1,032,036 $ 1,320 $ — During the three-and nine-months ended September 30, 2024 and 2023, realized gains or losses recognized on the sale of investments were not significant. The Company’s investments at December 31, 2023 carried investment grade credit ratings. The following table summarizes the underlying contractual maturities of the Company’s investments at December 31, 2023. The Company held no short-term or long-term investments at September 30, 2024. December 31, 2023 Amortized Cost Fair Value Less than 1 year: Commercial paper $ 163,775 $ 163,774 Municipal securities 361 361 U.S. government agency securities 116,524 116,548 Certificates of deposit 15,590 15,590 U.S. treasuries 412,936 412,057 Corporate bonds 247,340 247,275 Due 1 - 10 years: U.S. treasuries 35,896 35,967 U.S. government agency securities 23,485 23,531 Corporate bonds 16,903 16,933 Total $ 1,032,810 $ 1,032,036

FAIR VALUE OF CERTAIN FINANCIAL

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	9 Months Ended
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	Sep. 30, 2024
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	5. FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES ASC 820, “Fair Value Measurement”, provides a framework for measuring fair value and requires disclosures regarding fair value measurements. ASC 820 defines fair value as the price that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs, where available. The three levels of inputs required by the standard that the Company uses to measure fair value are summarized below. ● Level 1: Quoted prices in active markets for identical assets or liabilities. ● Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. ● Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. ASC 820 requires the use of observable market inputs (quoted market prices) when measuring fair value and requires a Level 1 quoted price to be used to measure fair value whenever possible. The following tables present the fair value of the Company’s financial assets and liabilities that are recorded at fair value on a recurring basis, segregated among the appropriate levels within the fair value hierarchy at: September 30, 2024 Level 1 Level 2 Level 3 Total Cash $ 1,173,863 $ — $ — $ 1,173,863 Money market funds 409,065 — — 409,065 Certificates of deposit — 42,411 — 42,411 Foreign currency derivatives — (485) — (485) Commodity derivatives — 4,181 — 4,181 Total $ 1,582,928 $ 46,107 $ — $ 1,629,035 Amounts included in: Cash and cash equivalents $ 1,582,928 $ 42,411 $ — $ 1,625,339 Accounts receivable, net — 6,283 — 6,283 Other assets — 77 — 77 Accrued liabilities — (2,664) — (2,664) Total $ 1,582,928 $ 46,107 $ — $ 1,629,035 December 31, 2023 Level 1 Level 2 Level 3 Total Cash $ 1,105,701 $ — $ — $ 1,105,701 Money market funds 960,873 — — 960,873 Certificates of deposit — 33,824 — 33,824 Commercial paper — 163,774 — 163,774 Corporate bonds — 264,208 — 264,208 Municipal securities — 361 — 361 U.S. government agency securities — 159,585 — 159,585 U.S. treasuries — 641,385 — 641,385 Foreign currency derivatives — (1,083) — (1,083) Commodity derivatives — 4,410 — 4,410 Total $ 2,066,574 $ 1,266,464 $ — $ 3,333,038 Amounts included in: Cash and cash equivalents $ 2,066,574 $ 231,101 $ — $ 2,297,675 Short-term investments — 955,605 — 955,605 Accounts receivable, net — 4,618 — 4,618 Other assets — 316 — 316 Investments — 76,431 — 76,431 Accrued liabilities — (1,607) — (1,607) Total $ 2,066,574 $ 1,266,464 $ — $ 3,333,038 At December 31, 2023, all of the Company’s short-term and long-term investments were classified within Level 1 or Level 2 of the fair value hierarchy. At September 30, 2024, the Company held no short-term or long

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	9 Months Ended
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	Sep. 30, 2024
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	6. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES The Company accounts for its derivative instruments and hedging activities under ASC 815, “Derivatives and Hedging.” The following table presents the fair values of the Company’s derivative instruments: Fair value Derivatives designated as September 30, December 31, hedging instruments 2024 2023 Balance Sheet location Assets: Commodity contracts $ 5,165 $ 4,480 Accounts receivable, net Commodity contracts $ 77 $ 316 Other assets Liabilities: Commodity contracts $ (1,061) $ (386) Accrued liabilities Commodity contracts $ — $ — Other liabilities Fair value Derivatives not designated as September 30, December 31, hedging instruments 2024 2023 Balance Sheet location Assets: Foreign currency exchange contracts $ 1,118 $ 138 Accounts receivable, net Liabilities: Foreign currency exchange contracts $ (1,603) $ (1,221) Accrued liabilities Cash Flow Hedging Strategy The Company uses cash flow hedges to minimize the variability in cash flows of forecasted transactions caused by fluctuations in commodity prices. The changes in the fair values of derivatives designated as cash flow hedges are recorded in accumulated other comprehensive income (loss) (“AOCI”) and are reclassified into the line item in our condensed consolidated statement of income in which the hedged items are recorded in the same period that the hedged items affect earnings. The changes in the fair values of hedges that are determined to be ineffective are immediately reclassified from AOCI into earnings. The maximum length of time for which the Company hedges its exposure to the variability in future cash flows is currently less than two years. The Company has entered into commodity hedge contracts to mitigate the price risk associated with a portion of its forecasted aluminum purchases. These derivative instruments were designated as part of the Company’s commodity cash flow hedging program. The objective of this hedging program is to reduce the variability of cash flows associated with future purchases of aluminum. The total notional values of derivatives that were designated and qualified for this program were $106.2 million and $98.3 million as of September 30, 2024 and December 31, 2023, respectively. The following table presents the impact that changes in the fair values of derivatives designated as cash flow hedges had on other comprehensive income, AOCI and earnings: Three-Months Ended September 30, 2024 Gain (loss) Derivatives designated as Gain (loss) Location of gain (loss) reclassified from hedging instruments recognized in AOCI recognized in income AOCI into income Commodity contracts $ (501) Cost of sales $ 2,883 Three-Months Ended September 30, 2023 Gain (loss) Derivatives designated as Gain (loss) recognized Location of gain (loss) reclassified from hedging instruments in AOCI recognized in income AOCI into income Commodity contracts $ 4,700 Cost of sales $ — Nine-Months Ended September 30, 2024 Gain (loss) Derivatives designated as Gain (loss) Location of gain (loss) reclassified from hedging instruments recognized in AOCI recognized in income AOCI into income Commodity contracts $ 2,606 Cost of sales $ 1,917 Nine-Months Ended September 30, 2023 Gain (loss) Derivatives designated as Gain (loss) Location of gain (loss) reclassified from hedging instruments recognized in AOCI recognized in income AOCI into income Commodity contracts $ 3,434 Cost of sales $ — As of September 30, 2024, the Company estimates that it will reclassify into earnings net gains (losses) of $5.1 million from the amount recorded in AOCI as the anticipated cash flows occur during the next 12 months. Economic (Non-Designated) Hedging Strategy The Company is exposed to foreign currency exchange rate risks related primarily to its foreign business operations. During the three- and nine-months ended September 30, 2024 and 2023, the Company entered into forward currency exchange contracts with financial institutions to create an economic hedge to specifically manage a portion of the foreign exchange risk exposure associated with certain consolidated subsidiaries’ non-functional currency denominated assets and liabilities. All foreign currency exchange contracts of the Company that were outstanding as of September 30, 2024 have terms of approximately one month or less. The Company does not enter into forward currency exchange contracts for speculation or trading purposes. The Company has not designated its foreign currency exchange contracts as hedge transactions. Therefore, gains and losses on the Company’s foreign currency exchange contracts are recognized in interest and other income (expense), net, in the condensed consolidated statements of income, and are largely offset by the changes in the fair value of the underlying economically hedged item. The total notional values of derivatives related to our foreign currency economic hedges were $354.1 million and $282.7 million as of September 30, 2024 and December 31, 2023, respectively. The net gains (losses) on derivatives not designated as hedging instruments in the condensed consolidated statements of income were as follows: Gain (loss) recognized in income on derivatives Three-Months Ended Derivatives not designated as Location of gain (loss) September 30, September 30, hedging instruments recognized in income on derivatives 2024 2023 Foreign currency exchange contracts Interest and other income (expense), net $ (3,914) $ 5,080 Gain (loss) recognized in income on derivatives Nine-Months Ended Derivatives not designated as Location of gain (loss) September 30, September 30, hedging instruments recognized in income on derivatives 2024 2023 Foreign currency exchange contracts Interest and other income (expense), net $ (1,204) $ (4,695) Certain of the Company’s counterparty agreements contain provisions that require the Company to post collateral on derivative instruments in a net liability position. As of September 30, 2024, $1.9 million was held as collateral and $2.8 million was posted as collateral.

INVENTORIES

INVENTORIES	9 Months Ended
INVENTORIES	Sep. 30, 2024
INVENTORIES
INVENTORIES	7. INVENTORIES Inventories consist of the following at: September 30, December 31, 2024 2023 Raw materials $ 257,050 $ 330,021 Work in process 1,522 1,403 Finished goods 511,766 639,982 $ 770,338 $ 971,406

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	9 Months Ended
PROPERTY AND EQUIPMENT, NET	Sep. 30, 2024
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET	8. PROPERTY AND EQUIPMENT, NET Property and equipment consist of the following at: September 30, December 31, 2024 2023 Land $ 158,873 $ 152,253 Leasehold improvements 33,803 37,946 Furniture and fixtures 11,639 11,422 Office and computer equipment 27,904 30,904 Equipment 482,932 426,466 Buildings 218,364 211,951 Vehicles 71,544 69,527 Assets under construction 307,724 211,562 1,312,783 1,152,031 Less: accumulated depreciation and amortization (305,995) (261,235) $ 1,006,788 $ 890,796 Total depreciation and amortization expense was $17.7 million and $16.7 million for the three-months ended September 30, 2024 and 2023, respectively. Total depreciation and amortization expense was $54.6 million and $46.1 million for the nine-months ended September 30, 2024 and 2023, respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS	Sep. 30, 2024
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS	9. The following is a roll-forward of goodwill for the nine-months ended September 30, 2024 and 2023 by reportable segment: Monster Energy® Strategic Alcohol Drinks Brands Brands Other Total Balance at December 31, 2023 $ 693,644 $ 637,999 $ 86,298 $ — $ 1,417,941 Acquisitions — — — — — Balance at September 30, 2024 $ 693,644 $ 637,999 $ 86,298 $ — $ 1,417,941 Monster Energy® Strategic Alcohol Drinks Brands Brands Other Total Balance at December 31, 2022 $ 693,644 $ 637,999 $ 86,298 $ — $ 1,417,941 Acquisitions — — — — — Balance at September 30, 2023 $ 693,644 $ 637,999 $ 86,298 $ — $ 1,417,941 Intangible assets consist of the following at: September 30, December 31, 2024 2023 Amortizing intangibles $ 151,344 $ 144,582 Accumulated amortization (79,904) (74,699) 71,440 69,883 Non-amortizing intangibles 1,370,986 1,357,256 $ 1,442,426 $ 1,427,139 Amortizing intangibles primarily consist of customer relationships. All amortizing intangibles have been assigned an estimated finite useful life and such intangibles are amortized on a straight-line basis over the number of years that approximate their respective useful lives, generally ten The following is the future estimated amortization expense related to amortizing intangibles as of September 30, 2024: 2024 (from October 1, 2024 to December 31, 2024) $ 2,101 2025 8,359 2026 7,718 2027 6,388 2028 5,952 2029 and thereafter 40,922 $ 71,440

DISTRIBUTION AGREEMENTS

DISTRIBUTION AGREEMENTS	9 Months Ended
DISTRIBUTION AGREEMENTS	Sep. 30, 2024
DISTRIBUTION AGREEMENTS
DISTRIBUTION AGREEMENTS	10. DISTRIBUTION AGREEMENTS In the normal course of business, amounts received pursuant to new and/or amended distribution agreements entered into with certain bottlers/distributors, relating to the costs associated with terminating agreements with the Company’s prior distributors, or at the inception of certain sales/marketing programs are accounted for as deferred revenue and are recognized as revenue ratably over the anticipated life of the respective agreement, generally 20 years or program duration, as the case may be. Revenue recognized was $10.0 million for both the three-months ended September 30, 2024 and 2023. Revenue recognized was $29.9 million and $30.0 million for the nine-months ended September 30, 2024 and 2023, respectively.

DEBT

DEBT	9 Months Ended
DEBT	Sep. 30, 2024
DEBT
DEBT	11. DEBT The Company’s long-term debt consisted of the following: September 30, December 31, 2024 2023 Term loan $ 750,000 $ — Revolving credit facility — — Total debt 750,000 — Less: unamortized debt issuance costs (1,158) — Total debt, net of unamortized debt issuance costs 748,842 — Less: current portion of long-term debt — — Long-term debt $ 748,842 $ — In May 2024, the Company entered into a credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain other lenders, which provides for senior unsecured credit facilities in an aggregate principal amount of $1.50 billion (collectively, the “Credit Facilities”). The Credit Facilities consist of a $750.0 million term loan (the “Term Loan”) and up to $750.0 million in multicurrency revolving loan commitments (the “Revolving Credit Facility”). The Term Loan matures May 2027 and the Revolving Credit Facility matures May 2029. As of September 30, 2024, the Company was in compliance with all covenants under the Credit Facilities. Borrowings under the Credit Facilities bear interest at a variable rate per annum equal to the applicable rate plus margin (as defined in the Credit Facilities). The interest rate in effect on the Term Loan was 6.09% as of September 30, 2024. No borrowings were outstanding under the Revolving Credit Facility as of September 30, 2024. Borrowings under the Credit Facilities are due on the respective maturity date. Borrowings may be repaid at any time during the term of the Credit Facilities and, in the case of the Revolving Credit Facility, may be reborrowed prior to the maturity date. Additionally, the Company has a line of credit of up to $15.0 million with HSBC Bank (China) Company Limited, Shanghai Branch. At September 30, 2024, the interest rate on borrowings under the line of credit was 5.5%. As of September 30, 2024, no amount was outstanding on this line of credit. Based on Level 2 inputs, the carrying value of the Company’s debt approximates fair value, as borrowings are subject to variable interest rates that adjust with changes in market rates and market conditions and the current interest rate approximates that which would be available under similar financial arrangements.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2024
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES The Company had purchase commitments aggregating approximately $238.1 million at September 30, 2024, which represented commitments made by the Company and its subsidiaries to various suppliers of raw materials for the production of its products. These obligations vary in terms but are generally satisfied within one year. The Company had contractual obligations aggregating approximately $400.6 million at September 30, 2024, which related primarily to sponsorships and other marketing activities. Litigation — The Company evaluates, on a quarterly basis, developments in legal proceedings and other matters that could cause an increase or decrease in the amount of the liability that is accrued, if any, and any related insurance reimbursements. As of September 30, 2024 and December 31, 2023, $16.8 million and $0.3 million, respectively, of loss contingencies were included in the Company’s accompanying condensed consolidated balance sheets.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS	Sep. 30, 2024
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS	13. ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in accumulated other comprehensive loss by component, after tax, for the nine-months ended September 30, 2024 and 2023 are as follows: Accumulated Unrealized Net Gains Currency Gains (Losses) (Losses) on Translation on Available- Commodity Gains for-Sale Derivatives (Losses) Securities Total Balance at December 31, 2023 $ 4,410 $ (128,989) $ (758) $ (125,337) Other comprehensive income (loss) before reclassifications 690 (13,953) 758 (12,505) Net current-period other comprehensive income (loss) 690 (13,953) 758 (12,505) Balance at September 30, 2024 $ 5,100 $ (142,942) $ — $ (137,842) Accumulated Unrealized Net Gains Currency Gains (Losses) (Losses) on Translation on Available- Commodity Gains for-Sale Derivatives (Losses) Securities Total Balance at December 31, 2022 $ — $ (153,230) $ (5,843) $ (159,073) Other comprehensive income (loss) before reclassifications 3,434 (46,074) 3,680 (38,960) Net current-period other comprehensive income (loss) 3,434 (46,074) 3,680 (38,960) Balance at September 30, 2023 $ 3,434 $ (199,304) $ (2,163) $ (198,033)

TREASURY STOCK

TREASURY STOCK	9 Months Ended
TREASURY STOCK	Sep. 30, 2024
TREASURY STOCK
TREASURY STOCK	14. TREASURY STOCK Share Repurchase Programs On November 2, 2022, the Company’s Board of Directors authorized a share repurchase program for the purchase of up to an additional $500.0 million of the Company’s outstanding common stock (the “November 2022 Repurchase Plan”). During the three-months ended September 30, 2024, the Company repurchased approximately 0.7 million shares of its common stock at an average purchase price of $49.83 per share, for a total amount of approximately $34.7 million, which exhausted the availability under the November 2022 Repurchase Plan. On November 7, 2023, the Company’s Board of Directors authorized a share repurchase program for the purchase of up to an additional $500.0 million of the Company’s outstanding common stock (the “November 2023 Repurchase Plan”). During the three-months ended September 30, 2024, the Company repurchased approximately 10.6 million shares of its common stock at an average purchase price of $47.16 per share, for a total amount of approximately $500.0 million, which exhausted the availability under the November 2023 Repurchase Plan. On August 19, 2024, the Company’s Board of Directors authorized a share repurchase program for the purchase of up to an additional $500.0 million of the Company’s outstanding common stock (the “August 2024 Repurchase Plan”). During the three-months ended September 30, 2024, no shares were repurchased under the August 2024 Repurchase Plan. As of November 6, 2024, $500.0 million remained available for repurchase under the August 2024 Repurchase Plan. The aggregate amount of the Company’s outstanding common stock that remains available for repurchase under all previously authorized repurchase plans is $500.0 million as of November 6, 2024. Tender Offer On May 1, 2024, the Board of Directors authorized the Company to execute a modified “Dutch auction” tender offer to repurchase up to $3.0 billion of its outstanding shares of common stock. On May 8, 2024, the Company commenced the tender offer, with such offer expiring on June 5, 2024. On June 10, 2024, the Company accepted for purchase a total of approximately 56.6 million shares of common stock at a purchase price of $53.00 per share, for an aggregate purchase price of approximately $3.0 billion. The repurchase was funded with approximately $2.25 billion of cash on hand and approximately $750 million in borrowings. The cost of these shares and the fees relating to the tender offer are included in common stock in treasury in the accompanying condensed consolidated balance sheet at September 30, 2024.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
STOCK-BASED COMPENSATION	Sep. 30, 2024
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	15. STOCK-BASED COMPENSATION The Company has two stock-based compensation plans under which shares were available for grant at September 30, 2024: (i) the Monster Beverage Corporation 2020 Omnibus Incentive Plan, including the Monster Beverage Corporation Deferred Compensation Plan as a sub-plan thereunder, and (ii) the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors as Amended and Restated on February 23, 2022, including the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors as a sub-plan thereunder. The Company recorded $27.5 million and $17.9 million of compensation expense relating to outstanding options, restricted stock units, performance share units and other share-based awards during the three-months ended September 30, 2024 and 2023, respectively. The Company recorded $68.8 million and $52.5 million of compensation expense relating to outstanding options, restricted stock units, performance share units and other share-based awards during the nine-months ended September 30, 2024 and 2023, respectively. The tax benefit for tax deductions from non-qualified stock option exercises, disqualifying dispositions of incentive stock options and vesting of restricted stock units and performance share units for the three-months ended September 30, 2024 and 2023 was $1.3 million and $(0.2) million, respectively. The tax benefit for tax deductions from non-qualified stock option exercises, disqualifying dispositions of incentive stock options and vesting of restricted stock units and performance share units for the nine-months ended September 30, 2024 and 2023 was $10.3 million and $29.9 million, respectively. Stock Options Under the Company’s stock-based compensation plans, all stock options granted as of September 30, 2024 were granted at prices based on the fair value of the Company’s common stock on the date of grant. The Company records compensation expense for stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes-Merton option pricing formula with the assumptions included in the table below. The Company uses historical data to determine the exercise behavior, volatility and forfeiture rate of the options. The following weighted-average assumptions were used to estimate the fair value of options granted during: Three-Months Ended September 30, Nine-Months Ended September 30, 2024 2023 2024 2023 Dividend yield 0.0 % 0.0 % 0.0 % 0.0 % Expected volatility 26.9 % 27.0 % 27.4 % 27.6 % Risk-free interest rate 3.7 % 4.2 % 4.2 % 3.7 % Expected term 6.3 years 6.3 years 6.4 years 6.3 years Expected Volatility Risk-Free Interest Rate Expected Term The following table summarizes the Company’s activities with respect to its stock option plans as follows: Weighted- Average Weighted- Remaining Number of Average Contractual Shares Exercise Price Term Aggregate Options (in thousands) Per Share (in years) Intrinsic Value Outstanding at January 1, 2024 24,983 $ 33.64 5.8 $ 598,866 Granted 01/01/24 - 03/31/24 4,332 $ 60.29 Granted 04/01/24 - 06/30/24 62 $ 51.89 Granted 07/01/24 - 09/30/24 1,236 $ 48.40 Exercised (2,281) $ 27.22 Cancelled or forfeited (514) $ 48.00 Outstanding at September 30, 2024 27,818 $ 38.75 6.0 $ 407,665 Vested and expected to vest in the future at September 30, 2024 26,723 $ 38.21 5.9 $ 403,609 Exercisable at September 30, 2024 14,760 $ 29.27 3.8 $ 338,040 The weighted-average grant-date fair value of options granted during the three-months ended September 30, 2024 and 2023 was $17.01 per share and $21.01 per share, respectively. The weighted-average grant-date fair value of options granted during the nine-months ended September 30, 2024 and 2023 was $21.41 per share and $18.27 per share, respectively. The total intrinsic value of options exercised during the three-months ended September 30, 2024 and 2023 was $8.2 million and $7.1 million, respectively. The total intrinsic value of options exercised during the nine-months ended September 30, 2024 and 2023 was $66.0 million and $164.9 million, respectively. Cash received from option exercises under all plans for the three-months ended September 30, 2024 and 2023 was $10.0 million and $5.9 million, respectively. Cash received from option exercises under all plans for the nine-months ended September 30, 2024 and 2023 was $62.1 million and $65.6 million, respectively. At September 30, 2024, there was $165.2 million of total unrecognized compensation expense related to non-vested options granted to employees under the Company’s stock-based compensation plans. That cost is expected to be recognized over a weighted-average period of 3.3 years. Restricted Stock Units and Performance Share Units The cost of stock-based compensation for restricted stock units and performance share units is measured based on the closing fair market value of the Company’s common stock at the date of grant. In the event that the Company has the option and intent to settle a restricted stock unit or performance share unit in cash, the award is classified as a liability and revalued at each balance sheet date. The following table summarizes the Company’s activities with respect to non-vested restricted stock units and performance share units as follows: Number of Shares Weighted-Average Grant- (in thousands) Date Fair Value Non-vested at January 1, 2024 1,964 $ 40.95 Granted 01/01/24 - 03/31/24 1 502 $ 57.04 Granted 04/01/24 - 06/30/24 27 $ 49.12 Granted 07/01/24 - 09/30/24 32 $ 48.40 Vested (826) $ 40.71 Forfeited/cancelled (13) $ 37.77 Non-vested at September 30, 2024 1,686 $ 46.15 1 The grant activity for performance share units is recorded based on the target performance level earning 100% of target performance share units. The actual number of performance share units earned could range from 0% to 200% of target depending on the achievement of pre-established performance goals. The weighted-average grant-date fair value of restricted stock units and/or performance share units granted during the three-months ended September 30, 2024 and 2023 was $48.40 and $56.38 per share, respectively. The weighted-average grant-date fair value of restricted stock units and/or performance share units granted during the nine-months ended September 30, 2024 and 2023 was $58.80 and $51.22 per share, respectively. As of September 30, 2024, 1.6 million of restricted stock units and performance share units are expected to vest over their respective terms. At September 30, 2024, total unrecognized compensation expense relating to non-vested restricted stock units and performance share units was $44.9 million, which is expected to be recognized over a weighted-average period of 1.4 years. Other Share-Based Awards The Company has granted other share-based awards to certain employees that are payable in cash. These awards are classified as liabilities and are valued based on the fair value of the award at the grant date and are remeasured at each reporting date until settlement, with compensation expense being recognized in proportion to the completed requisite service period up until date of settlement. At September 30, 2024, other share-based awards outstanding included grants that vest over three years payable in the first quarters of 2025, 2026 and 2027. At September 30, 2024, there was $0.1 million of total unrecognized compensation expense related to nonvested other share-based awards granted to employees under the Company’s stock-based compensation plans. That cost is expected to be recognized over a weighted-average period of 0.3 years.

INCOME TAXES

INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 30, 2024
INCOME TAXES
INCOME TAXES	16. INCOME TAXES The following is a roll-forward of the Company’s total gross unrecognized tax benefits, not including interest and penalties, for the nine-months ended September 30, 2024: Gross Unrecognized Tax Benefits Balance at December 31, 2023 $ 3,109 Additions for tax positions related to the current year — Additions for tax positions related to the prior years 631 Decreases for tax positions related to the prior years — Balance at September 30, 2024 $ 3,740 The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes in the Company’s condensed consolidated financial statements. As of September 30, 2024, the Company had approximately $0.9 million in accrued interest and penalties related to unrecognized tax benefits. If the Company were to prevail on all uncertain tax positions, the resultant impact on the Company’s effective tax rate would not be significant. It is expected that any change in the amount of unrecognized tax benefits within the next 12 months will not be significant. The Company is subject to U.S. federal income tax as well as to income tax in multiple state and foreign jurisdictions. The Company is in various stages of examination with certain states and certain foreign jurisdictions. The Company’s 2020 through 2023 U.S. federal income tax returns are subject to examination by the IRS. The Company’s state income tax returns are subject to examination for the 2019 through 2023 tax years. The United Kingdom and Ireland income tax returns are subject to examination for the 2019 through 2023 tax years.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
EARNINGS PER SHARE	Sep. 30, 2024
EARNINGS PER SHARE
EARNINGS PER SHARE	17. EARNINGS PER SHARE A reconciliation of the weighted-average shares used in the basic and diluted earnings per common share computations is presented below (in thousands): Three-Months Ended Nine-Months Ended September 30, September 30, 2024 2023 2024 2023 Weighted-average shares outstanding: Basic 975,841 1,047,015 1,015,252 1,046,337 Dilutive 7,330 12,951 8,660 13,472 Diluted 983,171 1,059,966 1,023,912 1,059,809 For the three-months ended September 30, 2024 and 2023, options and awards outstanding totaling 9.2 million shares and 4.1 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive. For the nine-months ended September 30, 2024 and 2023, options and awards outstanding totaling 7.6 million shares and 3.1 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
SEGMENT INFORMATION	Sep. 30, 2024
SEGMENT INFORMATION
SEGMENT INFORMATION	18. SEGMENT INFORMATION The Company has four operating and reportable segments: (i) Monster Energy® Drinks segment, which is primarily comprised of the Company’s Monster Energy® drinks, Reign Total Body Fuel® high performance energy drinks, Reign Storm® total wellness energy drinks and Bang Energy® drinks, (ii) Strategic Brands segment, which is primarily comprised of the various energy drink brands acquired from TCCC in 2015 as well as the Company’s affordable energy brands, Predator® and Fury®, (iii) Alcohol Brands segment, which is comprised of various craft beers, hard seltzers and FMBs and (iv) Other segment, which is comprised of the AFF Third-Party Products. The Company’s Monster Energy® Drinks segment primarily generates net operating revenues by selling ready-to-drink packaged drinks primarily to bottlers/distributors. In some cases, the Company sells ready-to-drink packaged drinks directly to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience and gas chains, drug stores, foodservice customers, value stores, e-commerce retailers and the military. The Company’s Strategic Brands segment primarily generates net operating revenues by selling “concentrates” and/or “beverage bases” to authorized bottling and canning operations. Such bottlers generally combine the concentrates and/or beverage bases with sweeteners, water and other ingredients to produce ready-to-drink packaged energy drinks. The ready-to-drink packaged energy drinks are then sold by such bottlers to other bottlers/distributors and to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience and gas chains, foodservice customers, drug stores, value stores, e-commerce retailers and the military. To a lesser extent, the Strategic Brands segment generates net operating revenues by selling certain ready-to-drink packaged energy drinks to bottlers/distributors. Generally, the Monster Energy® Drinks segment generates higher per case net operating revenues, but lower per case gross profit margin percentages than the Strategic Brands segment. The Company’s Alcohol Brands segment primarily generates operating revenues by selling kegged and ready-to-drink canned beers, hard seltzers and FMBs primarily to beer distributors in the United States. Generally, the Alcohol Brands segment has lower gross profit margin percentages than the Monster Energy® Drinks segment. Corporate and unallocated amounts that do not relate to a reportable segment have been allocated to “Corporate & Unallocated.” No asset information, other than goodwill and other intangible assets, has been provided in the Company’s reportable segments, as management does not measure or allocate such assets on a segment basis. The net revenues derived from the Company’s reportable segments and other financial information related thereto for the three- and nine-months ended September 30, 2024 and 2023 were as follows: Three-Months Ended Nine-Months Ended September 30, September 30, 2024 2023 2024 2023 Net sales: Monster Energy® Drinks 1 $ 1,722,693 $ 1,708,242 $ 5,194,552 $ 4,956,797 Strategic Brands 112,566 98,763 330,232 284,810 Alcohol Brands 39,784 42,326 137,417 149,692 Other 5,930 6,697 18,467 18,620 Corporate and unallocated — — — — $ 1,880,973 $ 1,856,028 $ 5,680,668 $ 5,409,919 Three-Months Ended Nine-Months Ended September 30, September 30, 2024 2023 2024 2023 Operating Income: Monster Energy® Drinks 1 $ 601,688 $ 603,670 $ 1,842,066 $ 1,762,410 Strategic Brands 60,091 52,730 183,768 159,639 Alcohol Brands (22,609) (11,734) (51,187) (25,193) Other 1,510 1,296 3,929 2,654 Corporate and unallocated (160,764) (135,435) (429,506) (380,114) $ 479,916 $ 510,527 $ 1,549,070 $ 1,519,396 Three-Months Ended Nine-Months Ended September 30, September 30, 2024 2023 2024 2023 Income before tax: Monster Energy® Drinks 1 $ 603,442 $ 604,688 $ 1,846,003 $ 1,765,018 Strategic Brands 60,096 52,746 183,803 159,683 Alcohol Brands (22,636) (11,757) (51,308) (25,208) Other 1,511 1,315 3,958 2,679 Corporate and unallocated (168,317) (65,108) (379,075) (283,766) $ 474,096 $ 581,884 $ 1,603,381 $ 1,618,406 (1) Includes $10.0 million for both the three-months ended September 30, 2024 and 2023, related to the recognition of deferred revenue. Includes $29.9 million and $30.0 million for the nine-months ended September 30, 2024 and 2023, respectively, related to the recognition of deferred revenue. Three-Months Ended Nine-Months Ended September 30, September 30, 2024 2023 2024 2023 Depreciation and amortization: Monster Energy® Drinks $ 13,330 $ 10,023 $ 39,043 $ 27,830 Strategic Brands 237 199 690 616 Alcohol Brands 3,419 3,816 10,825 11,973 Other 48 50 145 1,224 Corporate and unallocated 2,875 3,891 9,119 8,721 $ 19,909 $ 17,979 $ 59,822 $ 50,364 Corporate and unallocated expenses for the three-months ended September 30, 2024 include $96.6 million of payroll costs, of which $27.3 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $22.4 million attributable to professional service expenses, including accounting and legal costs, and $41.8 million of other operating expenses. Corporate and unallocated expenses for the three-months ended September 30, 2023 include $82.7 million of payroll costs, of which $17.4 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $27.3 million attributable to professional service expenses, including accounting and legal costs, and $25.4 million of other operating expenses. Corporate and unallocated expenses for the nine-months ended September 30, 2024 include $282.7 million of payroll costs, of which $67.0 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $56.9 million attributable to professional service expenses, including accounting and legal costs, and $89.9 million of other operating expenses. Corporate and unallocated expenses for the nine-months ended September 30, 2023 include $245.5 million of payroll costs, of which $51.1 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $74.7 million attributable to professional service expenses, including accounting and legal costs, and $59.9 million of other operating expenses. Coca-Cola Europacific Partners accounted for approximately 15% and 14% of the Company’s net sales for the three-months ended September 30, 2024 and 2023, respectively. Coca-Cola Europacific Partners accounted for approximately 14% and 13% of the Company’s net sales for the nine-months ended September 30, 2024 and 2023, respectively. Coca-Cola Consolidated, Inc. accounted for approximately 10% of the Company’s net sales for both the three-months ended September 30, 2024 and 2023. Coca-Cola Consolidated, Inc. accounted for approximately 10% of the Company’s net sales for both the nine-months ended September 30, 2024 and 2023. Reyes Holdings, LLC accounted for approximately 9% of the Company’s net sales for both the three-months ended September 30, 2024 and 2023. Reyes Holdings, LLC accounted for approximately 9% of the Company’s net sales for both the nine-months ended September 30, 2024 and 2023. Net sales to customers outside the United States amounted to $760.1 million and $733.7 million for the three-months ended September 30, 2024 and 2023, respectively. Such sales were approximately 40% of net sales for both the three-months ended September 30, 2024 and 2023. Net sales to customers outside the United States amounted to $2.25 billion and $2.07 billion for the nine-months ended September 30, 2024 and 2023, respectively. Such sales were approximately 40% and 38% of net sales for the nine-months ended September 30, 2024 and 2023, respectively. Goodwill and other intangible assets for the Company’s reportable segments were as follows at: September 30, December 31, 2024 2023 Goodwill and other intangible assets: Monster Energy® Drinks $ 1,681,859 $ 1,663,814 Strategic Brands 982,362 982,471 Alcohol Brands 196,146 198,795 Other — — $ 2,860,367 $ 2,845,080

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
RELATED PARTY TRANSACTIONS	Sep. 30, 2024
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	19. RELATED PARTY TRANSACTIONS TCCC controls approximately 21.0% of the voting interests of the Company. The TCCC Subsidiaries, the TCCC Related Parties and certain TCCC independent bottlers, purchase and distribute the Company’s products in domestic and certain international markets. The Company also pays TCCC a commission based on certain sales within the TCCC distribution network. TCCC commissions, based on sales to the TCCC Subsidiaries and the TCCC Related Parties, were $25.5 million and $21.4 million for the three-months ended September 30, 2024 and 2023, respectively, and are included as a reduction to net sales. TCCC commissions, based on sales to the TCCC Subsidiaries and the TCCC Related Parties, were $67.8 million and $55.2 million for the nine-months ended September 30, 2024 and 2023, respectively, and are included as a reduction to net sales. TCCC commissions, based on sales to TCCC independent bottlers, were $9.9 million and $8.8 million for the three-months ended September 30, 2024 and 2023, respectively, and are included in operating expenses. TCCC commissions, based on sales to TCCC independent bottlers, were $28.3 million and $25.7 million for the nine-months ended September 30, 2024 and 2023, respectively, and are included in operating expenses. Net sales to the TCCC Subsidiaries for the three-months ended September 30, 2024 and 2023 were $54.1 million and $40.2 million, respectively. Net sales to the TCCC Subsidiaries for the nine-months ended September 30, 2024 and 2023 were $151.3 million and $108.4 million, respectively. The Company also purchases concentrates from TCCC which are then sold to certain of the Company’s bottlers/distributors. Concentrate purchases from TCCC were $7.4 million and $7.8 million for the three-months ended September 30, 2024 and 2023, respectively. Concentrate purchases from TCCC were $22.2 million and $22.5 million for the nine-months ended September 30, 2024 and 2023, respectively. Certain TCCC Subsidiaries also contract manufacture certain of the Company’s energy drinks. Such contract manufacturing expenses were $10.2 million and $10.1 million for the three-months ended September 30, 2024 and 2023, respectively. Such contract manufacturing expenses were $28.7 million and $25.1 million for the nine-months ended September 30, 2024 and 2023, respectively. Accounts receivable, accounts payable, accrued promotional allowances and accrued liabilities related to the TCCC Subsidiaries were as follows at: September 30, December 31, 2024 2023 Accounts receivable, net $ 107,495 $ 135,246 Accounts payable $ (33,754) $ (68,386) Accrued promotional allowances $ (17,034) $ (13,794) Accrued liabilities $ (44,826) $ (19,745) One director of the Company through certain trusts, and a family member of one director are the principal owners of a company that provides promotional materials to the Company. Expenses incurred with such company in connection with promotional materials purchased during the three-months ended September 30, 2024 and 2023 were $1.5 million and $0.9 million, respectively. Expenses incurred with such company in connection with promotional materials purchased during the nine-months ended September 30, 2024 and 2023 were $5.1 million and $3.0 million, respectively. The Company occasionally charters a private aircraft that is indirectly owned by Mr. Rodney C. Sacks, Co-Chief Executive Officer and Chairman of the Board of Directors. On certain occasions, Mr. Sacks is accompanied by guests and other Company personnel when using such aircraft for business travel. During the three-months ended September 30, 2024 and 2023, the Company incurred expenses of $0.02 million and $0.10 million, respectively, in relation to the aircraft. During the nine-months ended September 30, 2024 and 2023, the Company incurred expenses of $0.04 million and $0.13 million, respectively, in relation to the aircraft. In December 2018, the Company and a director of the Company entered into a 50-50 partnership that purchased land, and real property thereon, in Kona, Hawaii for the purpose of producing coffee products. In October 2023, the partnership made a special, one-time distribution to each of the partners, reflecting the amount of their initial capital contributions. This partnership meets the definition of a Variable Interest Entity (“VIE”) for which the Company has determined that it is the primary beneficiary. Therefore, the Company consolidates the VIE in the accompanying consolidated financial statements. The aggregate carrying values of the VIE’s assets and liabilities, after elimination of any intercompany transactions and balances, as well as the results of operations for all periods presented, are not material to the Company’s condensed consolidated financial statements.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
BASIS OF PRESENTATION (Policies)	Sep. 30, 2024
BASIS OF PRESENTATION
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	9 Months Ended
REVENUE RECOGNITION (Tables)	Sep. 30, 2024
REVENUE RECOGNITION
Schedule of disaggregation of revenue by geographical markets	Three-Months Ended September 30, 2024 Asia Pacific Latin U.S. and (including America and Net Sales Canada EMEA 1 Oceania) Caribbean Total Monster Energy® Drinks $ 1,071,923 $ 371,026 $ 124,136 $ 155,608 $ 1,722,693 Strategic Brands 54,524 46,562 7,910 3,570 112,566 Alcohol Brands 39,784 — — — 39,784 Other 5,930 — — — 5,930 Total Net Sales $ 1,172,161 $ 417,588 $ 132,046 $ 159,178 $ 1,880,973 Three-Months Ended September 30, 2023 Asia Pacific Latin U.S. and (including America and Net Sales Canada EMEA 1 Oceania) Caribbean Total Monster Energy® Drinks $ 1,069,856 $ 355,898 $ 118,869 $ 163,618 $ 1,708,241 Strategic Brands 50,084 35,985 8,398 4,296 98,763 Alcohol Brands 42,326 — — — 42,326 Other 6,698 — — — 6,698 Total Net Sales $ 1,168,964 $ 391,883 $ 127,267 $ 167,914 $ 1,856,028 1 Europe, Middle East and Africa (“EMEA”) Nine-Months Ended September 30, 2024 Asia Pacific Latin U.S. and (including America and Net Sales Canada EMEA 1 Oceania) Caribbean Total Monster Energy® Drinks $ 3,266,832 $ 1,075,240 $ 378,232 $ 474,248 $ 5,194,552 Strategic Brands 153,745 131,837 30,117 14,533 330,232 Alcohol Brands 137,417 — — — 137,417 Other 18,467 — — — 18,467 Total Net Sales $ 3,576,461 $ 1,207,077 $ 408,349 $ 488,781 $ 5,680,668 Nine-Months Ended September 30, 2023 Asia Pacific Latin U.S. and (including America and Net Sales Canada EMEA 1 Oceania) Caribbean Total Monster Energy® Drinks $ 3,160,071 $ 972,531 $ 379,342 $ 444,854 $ 4,956,798 Strategic Brands 140,353 108,986 25,209 10,263 284,811 Alcohol Brands 149,692 — — — 149,692 Other 18,618 — — — 18,618 Total Net Sales $ 3,468,734 $ 1,081,517 $ 404,551 $ 455,117 $ 5,409,919 1 Europe, Middle East and Africa (“EMEA”)

LEASES (Tables)

LEASES (Tables)	9 Months Ended
LEASES (Tables)	Sep. 30, 2024
LEASES
Schedule of lease cost	Three-Months Ended September 30, Nine-Months Ended September 30, 2024 2023 2024 2023 Operating lease cost $ 4,086 $ 2,968 $ 11,776 $ 8,051 Short-term lease cost 2,182 2,209 7,004 4,258 Variable lease cost 231 295 672 736 Finance leases: Amortization of right-of-use assets 131 383 1,215 708 Interest on lease liabilities 27 88 175 146 Finance lease cost 158 471 1,390 854 Total lease cost $ 6,657 $ 5,943 $ 20,842 $ 13,899
Schedule of supplemental cash flow information related to leases	Nine-Months Ended September 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 11,163 $ 7,600 Operating cash outflows from finance leases 175 146 Financing cash outflows from finance leases 6,718 3,660 Right-of-use assets obtained in exchange for lease obligations: Finance leases 2,977 10,120 Operating leases 6,405 15,944
Schedule of ROU assets for operating and finance leases	September 30, December 31, Balance Sheet Location 2024 2023 Operating leases: Right-of-use assets Other assets $ 55,808 $ 58,845 Current lease liabilities Accrued liabilities $ 11,331 $ 11,088 Noncurrent lease liabilities Other liabilities 45,380 48,459 Total operating lease liabilities $ 56,711 $ 59,547 Finance leases: Right-of-use assets Property and equipment, net $ 5,190 $ 11,147 Current lease liabilities Accrued liabilities $ 2,676 $ 6,449 Noncurrent lease liabilities Other liabilities 43 19 Total finance lease liabilities $ 2,719 $ 6,468
Schedule of weighted-average remaining lease terms and weighted-average discount rates	September 30, December 31, 2024 2023 Weighted-average remaining lease term in years: Operating leases 5.8 6.3 Finance leases 0.9 0.7 Weighted-average discount rate: Operating leases 4.8 % 4.7 % Finance leases 6.1 % 6.3 %
Schedule of outlines maturities of the Company's lease liabilities	Undiscounted Future Lease Payments Operating Leases Finance Leases 2024 (from October 1, 2024 to December 31, 2024) $ 3,329 $ 1,117 2025 13,424 1,638 2026 11,080 14 2027 10,174 11 2028 8,606 11 2029 and thereafter 18,566 6 Total lease payments 65,179 2,797 Less imputed interest (8,468) (78) Total $ 56,711 $ 2,719

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
INVESTMENTS (Tables)	Sep. 30, 2024
INVESTMENTS.
Summary of investments in available-for-sale	Continuous Continuous Gross Gross Unrealized Unrealized Unrealized Unrealized Loss Position Loss Position Amortized Holding Holding Fair less than greater than December 31, 2023 Cost Gains Losses Value 12 Months 12 Months Available-for-sale Short-term: Commercial paper $ 163,775 $ — $ 1 $ 163,774 $ 1 $ — Certificates of deposit 15,590 — — 15,590 — — Municipal securities 361 — — 361 — — U.S. government agency securities 116,524 90 66 116,548 66 — U.S. treasuries 412,936 205 1,084 412,057 1,084 — Corporate bonds 247,340 89 154 247,275 154 — Long-term: U.S. government agency securities 23,485 51 5 23,531 5 — U.S. treasuries 35,896 79 8 35,967 8 — Corporate bonds 16,903 32 2 16,933 2 — Total $ 1,032,810 $ 546 $ 1,320 $ 1,032,036 $ 1,320 $ —
Summary of the underlying contractual maturities of investments	December 31, 2023 Amortized Cost Fair Value Less than 1 year: Commercial paper $ 163,775 $ 163,774 Municipal securities 361 361 U.S. government agency securities 116,524 116,548 Certificates of deposit 15,590 15,590 U.S. treasuries 412,936 412,057 Corporate bonds 247,340 247,275 Due 1 - 10 years: U.S. treasuries 35,896 35,967 U.S. government agency securities 23,485 23,531 Corporate bonds 16,903 16,933 Total $ 1,032,810 $ 1,032,036

FAIR VALUE OF CERTAIN FINANCI_2

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2024
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Schedule of financial assets and liabilities recorded at fair value on a recurring basis	September 30, 2024 Level 1 Level 2 Level 3 Total Cash $ 1,173,863 $ — $ — $ 1,173,863 Money market funds 409,065 — — 409,065 Certificates of deposit — 42,411 — 42,411 Foreign currency derivatives — (485) — (485) Commodity derivatives — 4,181 — 4,181 Total $ 1,582,928 $ 46,107 $ — $ 1,629,035 Amounts included in: Cash and cash equivalents $ 1,582,928 $ 42,411 $ — $ 1,625,339 Accounts receivable, net — 6,283 — 6,283 Other assets — 77 — 77 Accrued liabilities — (2,664) — (2,664) Total $ 1,582,928 $ 46,107 $ — $ 1,629,035 December 31, 2023 Level 1 Level 2 Level 3 Total Cash $ 1,105,701 $ — $ — $ 1,105,701 Money market funds 960,873 — — 960,873 Certificates of deposit — 33,824 — 33,824 Commercial paper — 163,774 — 163,774 Corporate bonds — 264,208 — 264,208 Municipal securities — 361 — 361 U.S. government agency securities — 159,585 — 159,585 U.S. treasuries — 641,385 — 641,385 Foreign currency derivatives — (1,083) — (1,083) Commodity derivatives — 4,410 — 4,410 Total $ 2,066,574 $ 1,266,464 $ — $ 3,333,038 Amounts included in: Cash and cash equivalents $ 2,066,574 $ 231,101 $ — $ 2,297,675 Short-term investments — 955,605 — 955,605 Accounts receivable, net — 4,618 — 4,618 Other assets — 316 — 316 Investments — 76,431 — 76,431 Accrued liabilities — (1,607) — (1,607) Total $ 2,066,574 $ 1,266,464 $ — $ 3,333,038

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	9 Months Ended
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	Sep. 30, 2024
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of fair value of derivative instruments	Fair value Derivatives designated as September 30, December 31, hedging instruments 2024 2023 Balance Sheet location Assets: Commodity contracts $ 5,165 $ 4,480 Accounts receivable, net Commodity contracts $ 77 $ 316 Other assets Liabilities: Commodity contracts $ (1,061) $ (386) Accrued liabilities Commodity contracts $ — $ — Other liabilities Fair value Derivatives not designated as September 30, December 31, hedging instruments 2024 2023 Balance Sheet location Assets: Foreign currency exchange contracts $ 1,118 $ 138 Accounts receivable, net Liabilities: Foreign currency exchange contracts $ (1,603) $ (1,221) Accrued liabilities
Schedule of changes in the fair values of derivatives designated as cash flow hedges had on other comprehensive income ("OCI"), AOCI and earnings	Three-Months Ended September 30, 2024 Gain (loss) Derivatives designated as Gain (loss) Location of gain (loss) reclassified from hedging instruments recognized in AOCI recognized in income AOCI into income Commodity contracts $ (501) Cost of sales $ 2,883 Three-Months Ended September 30, 2023 Gain (loss) Derivatives designated as Gain (loss) recognized Location of gain (loss) reclassified from hedging instruments in AOCI recognized in income AOCI into income Commodity contracts $ 4,700 Cost of sales $ — Nine-Months Ended September 30, 2024 Gain (loss) Derivatives designated as Gain (loss) Location of gain (loss) reclassified from hedging instruments recognized in AOCI recognized in income AOCI into income Commodity contracts $ 2,606 Cost of sales $ 1,917 Nine-Months Ended September 30, 2023 Gain (loss) Derivatives designated as Gain (loss) Location of gain (loss) reclassified from hedging instruments recognized in AOCI recognized in income AOCI into income Commodity contracts $ 3,434 Cost of sales $ —
Schedule of net gains (losses) on derivative instruments in the consolidated statements of income	Gain (loss) recognized in income on derivatives Three-Months Ended Derivatives not designated as Location of gain (loss) September 30, September 30, hedging instruments recognized in income on derivatives 2024 2023 Foreign currency exchange contracts Interest and other income (expense), net $ (3,914) $ 5,080 Gain (loss) recognized in income on derivatives Nine-Months Ended Derivatives not designated as Location of gain (loss) September 30, September 30, hedging instruments recognized in income on derivatives 2024 2023 Foreign currency exchange contracts Interest and other income (expense), net $ (1,204) $ (4,695)

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
INVENTORIES (Tables)	Sep. 30, 2024
INVENTORIES
Schedule of inventories	September 30, December 31, 2024 2023 Raw materials $ 257,050 $ 330,021 Work in process 1,522 1,403 Finished goods 511,766 639,982 $ 770,338 $ 971,406

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	9 Months Ended
PROPERTY AND EQUIPMENT, NET (Tables)	Sep. 30, 2024
PROPERTY AND EQUIPMENT, NET
Schedule of property and equipment	September 30, December 31, 2024 2023 Land $ 158,873 $ 152,253 Leasehold improvements 33,803 37,946 Furniture and fixtures 11,639 11,422 Office and computer equipment 27,904 30,904 Equipment 482,932 426,466 Buildings 218,364 211,951 Vehicles 71,544 69,527 Assets under construction 307,724 211,562 1,312,783 1,152,031 Less: accumulated depreciation and amortization (305,995) (261,235) $ 1,006,788 $ 890,796

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	Sep. 30, 2024
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of goodwill	Monster Energy® Strategic Alcohol Drinks Brands Brands Other Total Balance at December 31, 2023 $ 693,644 $ 637,999 $ 86,298 $ — $ 1,417,941 Acquisitions — — — — — Balance at September 30, 2024 $ 693,644 $ 637,999 $ 86,298 $ — $ 1,417,941 Monster Energy® Strategic Alcohol Drinks Brands Brands Other Total Balance at December 31, 2022 $ 693,644 $ 637,999 $ 86,298 $ — $ 1,417,941 Acquisitions — — — — — Balance at September 30, 2023 $ 693,644 $ 637,999 $ 86,298 $ — $ 1,417,941
Schedule of intangible assets	September 30, December 31, 2024 2023 Amortizing intangibles $ 151,344 $ 144,582 Accumulated amortization (79,904) (74,699) 71,440 69,883 Non-amortizing intangibles 1,370,986 1,357,256 $ 1,442,426 $ 1,427,139
Schedule of future estimated amortization expense related to amortizing intangibles	2024 (from October 1, 2024 to December 31, 2024) $ 2,101 2025 8,359 2026 7,718 2027 6,388 2028 5,952 2029 and thereafter 40,922 $ 71,440

DEBT (Tables)

DEBT (Tables)	9 Months Ended
DEBT (Tables)	Sep. 30, 2024
DEBT
Schedule of long-term debt	September 30, December 31, 2024 2023 Term loan $ 750,000 $ — Revolving credit facility — — Total debt 750,000 — Less: unamortized debt issuance costs (1,158) — Total debt, net of unamortized debt issuance costs 748,842 — Less: current portion of long-term debt — — Long-term debt $ 748,842 $ —

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	Sep. 30, 2024
ACCUMULATED OTHER COMPREHENSIVE LOSS
Schedule of components of accumulated other comprehensive loss	Accumulated Unrealized Net Gains Currency Gains (Losses) (Losses) on Translation on Available- Commodity Gains for-Sale Derivatives (Losses) Securities Total Balance at December 31, 2023 $ 4,410 $ (128,989) $ (758) $ (125,337) Other comprehensive income (loss) before reclassifications 690 (13,953) 758 (12,505) Net current-period other comprehensive income (loss) 690 (13,953) 758 (12,505) Balance at September 30, 2024 $ 5,100 $ (142,942) $ — $ (137,842) Accumulated Unrealized Net Gains Currency Gains (Losses) (Losses) on Translation on Available- Commodity Gains for-Sale Derivatives (Losses) Securities Total Balance at December 31, 2022 $ — $ (153,230) $ (5,843) $ (159,073) Other comprehensive income (loss) before reclassifications 3,434 (46,074) 3,680 (38,960) Net current-period other comprehensive income (loss) 3,434 (46,074) 3,680 (38,960) Balance at September 30, 2023 $ 3,434 $ (199,304) $ (2,163) $ (198,033)

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
STOCK-BASED COMPENSATION (Tables)	Sep. 30, 2024
STOCK-BASED COMPENSATION
Schedule of weighted-average assumptions used to estimate the fair value of options granted	Three-Months Ended September 30, Nine-Months Ended September 30, 2024 2023 2024 2023 Dividend yield 0.0 % 0.0 % 0.0 % 0.0 % Expected volatility 26.9 % 27.0 % 27.4 % 27.6 % Risk-free interest rate 3.7 % 4.2 % 4.2 % 3.7 % Expected term 6.3 years 6.3 years 6.4 years 6.3 years
Schedule of activities with respect to its stock option plans	Weighted- Average Weighted- Remaining Number of Average Contractual Shares Exercise Price Term Aggregate Options (in thousands) Per Share (in years) Intrinsic Value Outstanding at January 1, 2024 24,983 $ 33.64 5.8 $ 598,866 Granted 01/01/24 - 03/31/24 4,332 $ 60.29 Granted 04/01/24 - 06/30/24 62 $ 51.89 Granted 07/01/24 - 09/30/24 1,236 $ 48.40 Exercised (2,281) $ 27.22 Cancelled or forfeited (514) $ 48.00 Outstanding at September 30, 2024 27,818 $ 38.75 6.0 $ 407,665 Vested and expected to vest in the future at September 30, 2024 26,723 $ 38.21 5.9 $ 403,609 Exercisable at September 30, 2024 14,760 $ 29.27 3.8 $ 338,040
Schedule of activities with respect to non-vested restricted stock units and performance share units	Number of Shares Weighted-Average Grant- (in thousands) Date Fair Value Non-vested at January 1, 2024 1,964 $ 40.95 Granted 01/01/24 - 03/31/24 1 502 $ 57.04 Granted 04/01/24 - 06/30/24 27 $ 49.12 Granted 07/01/24 - 09/30/24 32 $ 48.40 Vested (826) $ 40.71 Forfeited/cancelled (13) $ 37.77 Non-vested at September 30, 2024 1,686 $ 46.15 1 The grant activity for performance share units is recorded based on the target performance level earning 100% of target performance share units. The actual number of performance share units earned could range from 0% to 200% of target depending on the achievement of pre-established performance goals.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
INCOME TAXES (Tables)	Sep. 30, 2024
INCOME TAXES
Schedule of roll-forward of the total gross unrecognized tax benefits, not including interest and penalties	Gross Unrecognized Tax Benefits Balance at December 31, 2023 $ 3,109 Additions for tax positions related to the current year — Additions for tax positions related to the prior years 631 Decreases for tax positions related to the prior years — Balance at September 30, 2024 $ 3,740

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
EARNINGS PER SHARE (Tables)	Sep. 30, 2024
EARNINGS PER SHARE
Schedule of reconciliation of the weighted average shares used in the basic and diluted earnings per common share	A reconciliation of the weighted-average shares used in the basic and diluted earnings per common share computations is presented below (in thousands): Three-Months Ended Nine-Months Ended September 30, September 30, 2024 2023 2024 2023 Weighted-average shares outstanding: Basic 975,841 1,047,015 1,015,252 1,046,337 Dilutive 7,330 12,951 8,660 13,472 Diluted 983,171 1,059,966 1,023,912 1,059,809

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
SEGMENT INFORMATION (Tables)	Sep. 30, 2024
SEGMENT INFORMATION
Schedule of net revenues and other financial information by segment	Three-Months Ended Nine-Months Ended September 30, September 30, 2024 2023 2024 2023 Net sales: Monster Energy® Drinks 1 $ 1,722,693 $ 1,708,242 $ 5,194,552 $ 4,956,797 Strategic Brands 112,566 98,763 330,232 284,810 Alcohol Brands 39,784 42,326 137,417 149,692 Other 5,930 6,697 18,467 18,620 Corporate and unallocated — — — — $ 1,880,973 $ 1,856,028 $ 5,680,668 $ 5,409,919 Three-Months Ended Nine-Months Ended September 30, September 30, 2024 2023 2024 2023 Operating Income: Monster Energy® Drinks 1 $ 601,688 $ 603,670 $ 1,842,066 $ 1,762,410 Strategic Brands 60,091 52,730 183,768 159,639 Alcohol Brands (22,609) (11,734) (51,187) (25,193) Other 1,510 1,296 3,929 2,654 Corporate and unallocated (160,764) (135,435) (429,506) (380,114) $ 479,916 $ 510,527 $ 1,549,070 $ 1,519,396 Three-Months Ended Nine-Months Ended September 30, September 30, 2024 2023 2024 2023 Income before tax: Monster Energy® Drinks 1 $ 603,442 $ 604,688 $ 1,846,003 $ 1,765,018 Strategic Brands 60,096 52,746 183,803 159,683 Alcohol Brands (22,636) (11,757) (51,308) (25,208) Other 1,511 1,315 3,958 2,679 Corporate and unallocated (168,317) (65,108) (379,075) (283,766) $ 474,096 $ 581,884 $ 1,603,381 $ 1,618,406 (1) Includes $10.0 million for both the three-months ended September 30, 2024 and 2023, related to the recognition of deferred revenue. Includes $29.9 million and $30.0 million for the nine-months ended September 30, 2024 and 2023, respectively, related to the recognition of deferred revenue. Three-Months Ended Nine-Months Ended September 30, September 30, 2024 2023 2024 2023 Depreciation and amortization: Monster Energy® Drinks $ 13,330 $ 10,023 $ 39,043 $ 27,830 Strategic Brands 237 199 690 616 Alcohol Brands 3,419 3,816 10,825 11,973 Other 48 50 145 1,224 Corporate and unallocated 2,875 3,891 9,119 8,721 $ 19,909 $ 17,979 $ 59,822 $ 50,364
Schedule of goodwill and other intangible assets for the reportable segments	September 30, December 31, 2024 2023 Goodwill and other intangible assets: Monster Energy® Drinks $ 1,681,859 $ 1,663,814 Strategic Brands 982,362 982,471 Alcohol Brands 196,146 198,795 Other — — $ 2,860,367 $ 2,845,080

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
RELATED PARTY TRANSACTIONS (Tables)	Sep. 30, 2024
RELATED PARTY TRANSACTIONS
Schedule of related party transactions	September 30, December 31, 2024 2023 Accounts receivable, net $ 107,495 $ 135,246 Accounts payable $ (33,754) $ (68,386) Accrued promotional allowances $ (17,034) $ (13,794) Accrued liabilities $ (44,826) $ (19,745)

REVENUE RECOGNITION - (Details)

REVENUE RECOGNITION - (Details)	9 Months Ended
REVENUE RECOGNITION - (Details)	Sep. 30, 2024 segment
REVENUE RECOGNITION
Number of operating segments	4
Number of reportable segments	4
Distribution agreement, revenue recognition period	20 years

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
REVENUE RECOGNITION
Total net sales	$ 1,880,973	$ 1,856,028	$ 5,680,668	$ 5,409,919
U.S. and Canada
REVENUE RECOGNITION
Total net sales	1,172,161	1,168,964	3,576,461	3,468,734
EMEA
REVENUE RECOGNITION
Total net sales	417,588	391,883	1,207,077	1,081,517
Asia Pacific (including Oceania)
REVENUE RECOGNITION
Total net sales	132,046	127,267	408,349	404,551
Latin America and Caribbean
REVENUE RECOGNITION
Total net sales	159,178	167,914	488,781	455,117
Monster Energy Drinks
REVENUE RECOGNITION
Total net sales	1,722,693	1,708,241	5,194,552	4,956,798
Monster Energy Drinks \| U.S. and Canada
REVENUE RECOGNITION
Total net sales	1,071,923	1,069,856	3,266,832	3,160,071
Monster Energy Drinks \| EMEA
REVENUE RECOGNITION
Total net sales	371,026	355,898	1,075,240	972,531
Monster Energy Drinks \| Asia Pacific (including Oceania)
REVENUE RECOGNITION
Total net sales	124,136	118,869	378,232	379,342
Monster Energy Drinks \| Latin America and Caribbean
REVENUE RECOGNITION
Total net sales	155,608	163,618	474,248	444,854
Strategic Brands
REVENUE RECOGNITION
Total net sales	112,566	98,763	330,232	284,811
Strategic Brands \| U.S. and Canada
REVENUE RECOGNITION
Total net sales	54,524	50,084	153,745	140,353
Strategic Brands \| EMEA
REVENUE RECOGNITION
Total net sales	46,562	35,985	131,837	108,986
Strategic Brands \| Asia Pacific (including Oceania)
REVENUE RECOGNITION
Total net sales	7,910	8,398	30,117	25,209
Strategic Brands \| Latin America and Caribbean
REVENUE RECOGNITION
Total net sales	3,570	4,296	14,533	10,263
Alcohol Brands
REVENUE RECOGNITION
Total net sales	39,784	42,326	137,417	149,692
Alcohol Brands \| U.S. and Canada
REVENUE RECOGNITION
Total net sales	39,784	42,326	137,417	149,692
Alcohol Brands \| EMEA
REVENUE RECOGNITION
Total net sales	0	0	0	0
Alcohol Brands \| Asia Pacific (including Oceania)
REVENUE RECOGNITION
Total net sales	0	0	0	0
Alcohol Brands \| Latin America and Caribbean
REVENUE RECOGNITION
Total net sales	0	0	0	0
Other
REVENUE RECOGNITION
Total net sales	5,930	6,698	18,467	18,618
Other \| U.S. and Canada
REVENUE RECOGNITION
Total net sales	5,930	6,698	18,467	18,618
Other \| EMEA
REVENUE RECOGNITION
Total net sales	0	0	0	0
Other \| Asia Pacific (including Oceania)
REVENUE RECOGNITION
Total net sales	0	0	0	0
Other \| Latin America and Caribbean
REVENUE RECOGNITION
Total net sales	$ 0	$ 0	$ 0	$ 0

REVENUE RECOGNITION - Contract

REVENUE RECOGNITION - Contract Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Contract Liabilities
Deferred revenue	$ 231.8		$ 231.8		$ 246.2
Deferred revenue recognized in net sales	$ 10	$ 10	$ 29.9	$ 30

LEASES - Lease Terms (Details)

LEASES - Lease Terms (Details)	9 Months Ended
LEASES - Lease Terms (Details)	Sep. 30, 2024
LEASES
Operating leases, options to extend	true
Finance leases, options to extend	true
Operating leases, options to terminate	true
Finance leases, options to terminate	true
Minimum
LEASES
Operating leases, lease term (in years)	1 year
Finance leases, lease term (in years)	1 year
Maximum
LEASES
Operating leases, lease term (in years)	10 years
Finance leases, lease term (in years)	11 years
Operating leases, renewal lease term (in years)	5 years
Finance leases, renewal lease term (in years)	5 years
Operating leases, termination period (in years)	1 year
Finance leases, termination period (in years)	1 year

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
LEASES - Lease Cost (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
LEASES
Operating lease cost	$ 4,086	$ 2,968	$ 11,776	$ 8,051
Short-term lease cost	2,182	2,209	7,004	4,258
Variable lease cost	231	295	672	736
Finance leases:
Amortization of right-of-use assets	131	383	1,215	708
Interest on lease liabilities	27	88	175	146
Finance lease cost	158	471	1,390	854
Total lease cost	$ 6,657	$ 5,943	$ 20,842	$ 13,899

LEASES - Supplemental cash flow

LEASES - Supplemental cash flow information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 11,163	$ 7,600
Operating cash outflows from finance leases	175	146
Financing cash outflows from finance leases	6,718	3,660
Right-of-use assets obtained in exchange for lease obligations:
Finance leases	2,977	10,120
Operating leases	$ 6,405	$ 15,944

LEASES - Supplemental balance s

LEASES - Supplemental balance sheet information (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
LEASES
Right-of-use assets	$ 55,808	$ 58,845
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Current lease liabilities	$ 11,331	$ 11,088
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Noncurrent lease liabilities	$ 45,380	$ 48,459
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Total operating lease liabilities	$ 56,711	$ 59,547
Finance Lease:
Right-of-use assets	$ 5,190	$ 11,147
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
Current lease liabilities	$ 2,676	$ 6,449
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Noncurrent lease liabilities	$ 43	$ 19
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Total finance lease liabilities	$ 2,719	$ 6,468

LEASES - Weighted-average remai

LEASES - Weighted-average remaining lease term and weighted-average discount rate (Details)	Sep. 30, 2024	Dec. 31, 2023
LEASES
Weighted-average remaining lease term (years), Operating leases	5 years 9 months 18 days	6 years 3 months 18 days
Weighted-average remaining lease term (years), Finance leases	10 months 24 days	8 months 12 days
Weighted-average discount rate, Operating leases	4.80%	4.70%
Weighted-average discount rate, Finance leases	6.10%	6.30%

LEASES - Undiscounted future le

LEASES - Undiscounted future lease payments for operating and finance leases (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Operating Leases
2024 (from October 1, 2024 to December 31, 2024)	$ 3,329
2025	13,424
2026	11,080
2027	10,174
2028	8,606
2029 and thereafter	18,566
Total lease payments	65,179
Less imputed interest	(8,468)
Total operating lease liabilities	56,711	$ 59,547
Finance Leases
2024 (from July 1, 2024 to December 31, 2024)	1,117
2025	1,638
2026	14
2027	11
2028	11
2029 and thereafter	6
Total lease payments	2,797
Less imputed interest	(78)
Total finance lease liabilities	$ 2,719	$ 6,468

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
INVESTMENTS
Short-term investments	$ 0	$ 955,605
Long-Term Investments	$ 0	76,431
Available-for-sale
Amortized Cost		1,032,810
Gross Unrealized Holding Gains		546
Gross Unrealized Holding Losses		1,320
Fair Value		1,032,036
Continuous Unrealized Loss Position less than 12 Months		1,320
Continuous Unrealized Loss Position greater than 12 Months		0
Short-term \| Commercial paper
Available-for-sale
Amortized Cost		163,775
Gross Unrealized Holding Gains		0
Gross Unrealized Holding Losses		1
Fair Value		163,774
Continuous Unrealized Loss Position less than 12 Months		1
Continuous Unrealized Loss Position greater than 12 Months		0
Short-term \| Certificates of deposit
Available-for-sale
Amortized Cost		15,590
Gross Unrealized Holding Gains		0
Gross Unrealized Holding Losses		0
Fair Value		15,590
Continuous Unrealized Loss Position less than 12 Months		0
Continuous Unrealized Loss Position greater than 12 Months		0
Short-term \| Municipal securities
Available-for-sale
Amortized Cost		361
Gross Unrealized Holding Gains		0
Gross Unrealized Holding Losses		0
Fair Value		361
Continuous Unrealized Loss Position less than 12 Months		0
Continuous Unrealized Loss Position greater than 12 Months		0
Short-term \| U.S. government agency securities
Available-for-sale
Amortized Cost		116,524
Gross Unrealized Holding Gains		90
Gross Unrealized Holding Losses		66
Fair Value		116,548
Continuous Unrealized Loss Position less than 12 Months		66
Continuous Unrealized Loss Position greater than 12 Months		0
Short-term \| U.S. treasuries
Available-for-sale
Amortized Cost		412,936
Gross Unrealized Holding Gains		205
Gross Unrealized Holding Losses		1,084
Fair Value		412,057
Continuous Unrealized Loss Position less than 12 Months		1,084
Continuous Unrealized Loss Position greater than 12 Months		0
Short-term \| Corporate bonds
Available-for-sale
Amortized Cost		247,340
Gross Unrealized Holding Gains		89
Gross Unrealized Holding Losses		154
Fair Value		247,275
Continuous Unrealized Loss Position less than 12 Months		154
Continuous Unrealized Loss Position greater than 12 Months		0
Long-term \| U.S. government agency securities
Available-for-sale
Amortized Cost		23,485
Gross Unrealized Holding Gains		51
Gross Unrealized Holding Losses		5
Fair Value		23,531
Continuous Unrealized Loss Position less than 12 Months		5
Continuous Unrealized Loss Position greater than 12 Months		0
Long-term \| U.S. treasuries
Available-for-sale
Amortized Cost		35,896
Gross Unrealized Holding Gains		79
Gross Unrealized Holding Losses		8
Fair Value		35,967
Continuous Unrealized Loss Position less than 12 Months		8
Continuous Unrealized Loss Position greater than 12 Months		0
Long-term \| Corporate bonds
Available-for-sale
Amortized Cost		16,903
Gross Unrealized Holding Gains		32
Gross Unrealized Holding Losses		2
Fair Value		16,933
Continuous Unrealized Loss Position less than 12 Months		2
Continuous Unrealized Loss Position greater than 12 Months		$ 0

INVESTMENTS - Maturity Period (

INVESTMENTS - Maturity Period (Details) $ in Thousands	Dec. 31, 2023 USD ($)
INVESTMENTS
Amortized Cost	$ 1,032,810
Fair Value	1,032,036
Commercial paper \| Less than 1 year
INVESTMENTS
Amortized Cost	163,775
Fair Value	163,774
Municipal securities \| Less than 1 year
INVESTMENTS
Amortized Cost	361
Fair Value	361
U.S. government agency securities \| Less than 1 year
INVESTMENTS
Amortized Cost	116,524
Fair Value	116,548
U.S. government agency securities \| Due 1 - 10 years
INVESTMENTS
Amortized Cost	23,485
Fair Value	23,531
Certificates of deposit \| Less than 1 year
INVESTMENTS
Amortized Cost	15,590
Fair Value	15,590
U.S. treasuries \| Less than 1 year
INVESTMENTS
Amortized Cost	412,936
Fair Value	412,057
U.S. treasuries \| Due 1 - 10 years
INVESTMENTS
Amortized Cost	35,896
Fair Value	35,967
Corporate bonds \| Less than 1 year
INVESTMENTS
Amortized Cost	247,340
Fair Value	247,275
Corporate bonds \| Due 1 - 10 years
INVESTMENTS
Amortized Cost	16,903
Fair Value	$ 16,933

FAIR VALUE OF CERTAIN FINANCI_3

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Cash and cash equivalents	$ 1,625,339,000	$ 2,297,675,000
Short-term investments	0	955,605,000
Long-Term Investments	0	76,431,000
Asset transfers from Level 1 to Level 2 measurements	0	0
Asset transfers from Level 2 to Level 1 measurements	0	0
Liabilities transfers from Level 1 to Level 2 measurements	0	0
Liabilities transfers from Level 2 to Level 1 measurements	0	0
Total fair value
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Cash	1,173,863,000	1,105,701,000
Assets measured at fair value	1,629,035,000	3,333,038,000
Fair value liabilities	(485,000)	(1,083,000)
Cash and cash equivalents	1,625,339,000	2,297,675,000
Short-term investments		955,605,000
Accounts receivable, net	6,283,000	4,618,000
Other assets	77,000	316,000
Long-Term Investments		76,431,000
Accrued liabilities	(2,664,000)	(1,607,000)
Total fair value \| Money market funds
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	409,065,000	960,873,000
Total fair value \| Certificates of deposit
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	42,411,000	33,824,000
Total fair value \| Commercial paper
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		163,774,000
Total fair value \| Corporate bonds
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		264,208,000
Total fair value \| Municipal securities
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		361,000
Total fair value \| U.S. government agency securities
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		159,585,000
Total fair value \| U.S. treasuries
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		641,385,000
Total fair value \| Commodity derivatives
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Fair value liabilities	4,181,000	4,410,000
Level 1
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Cash	1,173,863,000	1,105,701,000
Assets measured at fair value	1,582,928,000	2,066,574,000
Fair value liabilities	0	0
Cash and cash equivalents	1,582,928,000	2,066,574,000
Short-term investments		0
Accounts receivable, net	0	0
Other assets	0
Long-Term Investments		0
Accrued liabilities	0	0
Level 1 \| Money market funds
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	409,065,000	960,873,000
Level 1 \| Certificates of deposit
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	0	0
Level 1 \| Commercial paper
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		0
Level 1 \| Corporate bonds
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		0
Level 1 \| Municipal securities
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		0
Level 1 \| U.S. government agency securities
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		0
Level 1 \| U.S. treasuries
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		0
Level 2
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Cash	0	0
Assets measured at fair value	46,107,000	1,266,464,000
Fair value liabilities	(485,000)	(1,083,000)
Cash and cash equivalents	42,411,000	231,101,000
Short-term investments		955,605,000
Accounts receivable, net	6,283,000	4,618,000
Other assets	77,000	316,000
Long-Term Investments		76,431,000
Accrued liabilities	(2,664,000)	(1,607,000)
Level 2 \| Money market funds
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	0	0
Level 2 \| Certificates of deposit
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	42,411,000	33,824,000
Level 2 \| Commercial paper
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		163,774,000
Level 2 \| Corporate bonds
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		264,208,000
Level 2 \| Municipal securities
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		361,000
Level 2 \| U.S. government agency securities
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		159,585,000
Level 2 \| U.S. treasuries
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		641,385,000
Level 2 \| Commodity derivatives
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Fair value liabilities	4,181,000	4,410,000
Level 3
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Cash	0	0
Assets measured at fair value	0	0
Fair value liabilities	0	0
Cash and cash equivalents	0	0
Short-term investments		0
Accounts receivable, net	0	0
Other assets	0
Long-Term Investments		0
Accrued liabilities	0	0
Level 3 \| Money market funds
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	0	0
Level 3 \| Certificates of deposit
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	$ 0	0
Level 3 \| Commercial paper
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		0
Level 3 \| Corporate bonds
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		0
Level 3 \| Municipal securities
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		0
Level 3 \| U.S. government agency securities
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		0
Level 3 \| U.S. treasuries
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value		$ 0

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Fair value (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivatives designated as hedging instruments \| Accounts receivables, net \| Commodity contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Fair value assets	$ 5,165	$ 4,480
Derivatives designated as hedging instruments \| Other assets \| Commodity contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Fair value assets	77	316
Derivatives designated as hedging instruments \| Accrued liabilities \| Commodity contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Fair value liabilities	(1,061)	(386)
Derivatives designated as hedging instruments \| Other Liabilities \| Commodity contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Fair value liabilities	0	0
Derivatives not designated as hedging instruments \| Accounts receivables, net \| Foreign currency exchange contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Fair value assets	1,118	138
Derivatives not designated as hedging instruments \| Accrued liabilities \| Foreign currency exchange contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Fair value liabilities	$ (1,603)	$ (1,221)

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Hedging designation (Details) - USD ($) $ in Thousands	3 Months Ended					9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Gain (loss) recognized in AOCI	$ (3,384)	$ 6,205	$ (2,131)	$ 4,700	$ (1,266)	$ 690	$ 3,434
Derivatives designated as hedging instruments \| Commodity derivatives \| Cash Flow Hedging
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Notional value	106,200					106,200		$ 98,300
Gain (loss) recognized in AOCI	$ (501)			$ 4,700		$ 2,606	$ 3,434
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of Goods and Services Sold			Cost of Goods and Services Sold		Cost of Goods and Services Sold	Cost of Goods and Services Sold
Gain (loss) reclassified from AOCI into income	$ 2,883			$ 0		$ 1,917	$ 0
Amount to be reclassified						$ 5,100

DERIVATIVE INSTRUMENTS AND HE_5

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Non hedging designation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Held collateral amount	$ 1,900		$ 1,900
Post collateral amount	2,800		$ 2,800
Foreign currency exchange contracts \| Maximum
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Term of derivative instrument			1 month
Derivatives not designated as hedging instruments \| Foreign currency exchange contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Notional value	$ 354,100		$ 354,100		$ 282,700
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)
Amount of loss recognized in income on derivatives	$ (3,914)	$ 5,080	$ (1,204)	$ (4,695)

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
INVENTORIES
Raw materials	$ 257,050	$ 330,021
Work in process	1,522	1,403
Finished goods	511,766	639,982
Inventories	$ 770,338	$ 971,406

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	$ 1,312,783		$ 1,312,783		$ 1,152,031
Less: accumulated depreciation and amortization	(305,995)		(305,995)		(261,235)
Property and equipment, net	1,006,788		1,006,788		890,796
Total depreciation and amortization expense	17,700	$ 16,700	54,600	$ 46,100
Land
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	158,873		158,873		152,253
Leasehold improvements
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	33,803		33,803		37,946
Furniture and fixtures
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	11,639		11,639		11,422
Office and computer equipment
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	27,904		27,904		30,904
Equipment
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	482,932		482,932		426,466
Buildings
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	218,364		218,364		211,951
Vehicles
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	71,544		71,544		69,527
Assets under construction
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	$ 307,724		$ 307,724		$ 211,562

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill, beginning balance	$ 1,417,941	$ 1,417,941
Acquisitions	0	0
Goodwill, ending balance	1,417,941	1,417,941
Monster Energy Drinks
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill, beginning balance	693,644	693,644
Acquisitions	0	0
Goodwill, ending balance	693,644	693,644
Strategic Brands
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill, beginning balance	637,999	637,999
Acquisitions	0	0
Goodwill, ending balance	637,999	637,999
Alcohol Brands
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill, beginning balance	86,298	86,298
Acquisitions	0	0
Goodwill, ending balance	86,298	86,298
Other
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill, beginning balance	0	0
Acquisitions	0	0
Goodwill, ending balance	$ 0	$ 0

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Intangible assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
GOODWILL AND OTHER INTANGIBLE ASSETS
Amortizing intangibles	$ 151,344		$ 151,344		$ 144,582
Accumulated amortization	(79,904)		(79,904)		(74,699)
Amortizing intangibles, net	71,440		71,440		69,883
Non-amortizing intangibles	1,370,986		1,370,986		1,357,256
Intangibles, net	1,442,426		1,442,426		$ 1,427,139
Amortization expense	2,200	$ 1,300	5,200	$ 4,200
Loss on impairment of intangibles	$ 0	0	$ 0	2,800
Impairment charges on non-amortizing intangibles.		$ 2,800		$ 2,800
Minimum
GOODWILL AND OTHER INTANGIBLE ASSETS
Useful life of intangible assets	10 years		10 years
Maximum
GOODWILL AND OTHER INTANGIBLE ASSETS
Useful life of intangible assets	15 years		15 years

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization expense (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Future estimated amortization expense related to amortizing intangibles
2024 (from October 1, 2024 to December 31, 2024)	$ 2,101
2025	8,359
2026	7,718
2027	6,388
2028	5,952
2029 and thereafter	40,922
Amortizing intangibles, net	$ 71,440	$ 69,883

DISTRIBUTION AGREEMENTS (Detail

DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
DISTRIBUTION AGREEMENTS
Distribution agreement (in years)			20 years
Revenue recognized	$ 10	$ 10	$ 29.9	$ 30

DEBT (Details)

DEBT (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
DEBT
Total debt	$ 750,000	$ 0
Less: unamortized debt issuance costs	(1,158)	0
Total debt, net of unamortized debt issuance costs	748,842	0
Less: current portion of long-term debt	0	0
Long-term debt	748,842	0
Term loan
DEBT
Total debt	750,000	0
Revolving credit facility
DEBT
Total debt	$ 0	$ 0

DEBT - Narratives (Details)

DEBT - Narratives (Details) - USD ($) $ in Thousands	Sep. 30, 2024	May 31, 2024
Line of credit \| JPMorgan Chase Bank
DEBT
Maximum borrowing capacity		$ 1,500,000
Line of credit \| HSBC Bank (China) Company Limited
DEBT
Maximum borrowing capacity		15,000
Effective interest rate	5.50%
Outstanding borrowings	$ 0
Term loan \| JPMorgan Chase Bank
DEBT
Maximum borrowing capacity		750,000
Effective interest rate	6.09%
Revolving credit facility \| JPMorgan Chase Bank
DEBT
Maximum borrowing capacity		$ 750,000
Outstanding borrowings	$ 0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Long-Term Purchase Commitment [Line Items]
Aggregate contractual obligations	$ 400.6
Loss contingencies	16.8	$ 0.3
Raw material items
Long-Term Purchase Commitment [Line Items]
Purchase commitments	$ 238.1
Obligation term ( in years)	1 year

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	$ (125,337)	$ (159,073)
Other comprehensive income (loss) before reclassifications	(12,505)	(38,960)
Net current-period other comprehensive income (loss)	(12,505)	(38,960)
Balance at the end of the period	(137,842)	(198,033)
Accumulated Net Gains (Losses) on Commodity Derivatives
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	4,410	0
Other comprehensive income (loss) before reclassifications	690	3,434
Net current-period other comprehensive income (loss)	690	3,434
Balance at the end of the period	5,100	3,434
Currency Translation Gains (Losses)
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	(128,989)	(153,230)
Other comprehensive income (loss) before reclassifications	(13,953)	(46,074)
Net current-period other comprehensive income (loss)	(13,953)	(46,074)
Balance at the end of the period	(142,942)	(199,304)
Unrealized Gains (Losses) on Available-for-Sale Securities
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	(758)	(5,843)
Other comprehensive income (loss) before reclassifications	758	3,680
Net current-period other comprehensive income (loss)	758	3,680
Balance at the end of the period	$ 0	$ (2,163)

TREASURY STOCK (Details)

TREASURY STOCK (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions		3 Months Ended
	Jun. 10, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2023	Nov. 06, 2024	Aug. 19, 2024	May 01, 2024	Nov. 07, 2023	Nov. 02, 2022
TREASURY STOCK
Aggregate purchase price		$ 539,971	$ 3,145,817	$ 120,245	$ 402,200	$ 90,378
Subsequent Event
TREASURY STOCK
Share repurchase program, authorized remaining amount							$ 500,000
November 2022 Repurchase Plan
TREASURY STOCK
Share repurchase program, authorized amount											$ 500,000
Common stock repurchased (in shares)		0.7
Average purchase price (in dollars per share)		$ 49.83
Repurchase price of stock		$ 34,700
November 2023 Repurchase Plan
TREASURY STOCK
Share repurchase program, authorized amount										$ 500,000
Common stock repurchased (in shares)		10.6
Average purchase price (in dollars per share)		$ 47.16
Repurchase price of stock		$ 500,000
August 2024 Repurchase Plan
TREASURY STOCK
Share repurchase program, authorized amount								$ 500,000
Common stock repurchased (in shares)		0
August 2024 Repurchase Plan \| Subsequent Event
TREASURY STOCK
Share repurchase program, authorized remaining amount							$ 500,000
Dutch auction tender offer repurchase
TREASURY STOCK
Common stock repurchased (in shares)	56.6
Average purchase price (in dollars per share)	$ 53
Aggregate purchase price	$ 3,000,000
Cash on hand	2,250,000
Combined borrowings	$ 750,000
Dutch auction tender offer repurchase \| Maximum
TREASURY STOCK
Share repurchase program, authorized amount									$ 3,000,000

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) $ in Millions	3 Months Ended		9 Months Ended
STOCK-BASED COMPENSATION (Details) $ in Millions	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) plan	Sep. 30, 2023 USD ($)
STOCK-BASED COMPENSATION
Stock-based compensation plans \| plan			2
Compensation expense on share-based plans	$ 27.5	$ 17.9	$ 68.8	$ 52.5
Excess tax benefit realized for tax deductions from non-qualified stock option exercises and disqualifying dispositions of incentive stock options	$ 1.3	$ (0.2)	$ 10.3	$ 29.9

STOCK-BASED COMPENSATION - Fair

STOCK-BASED COMPENSATION - Fair Value Assumptions (Details) - Employee Stock Option	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Weighted-average assumptions used to estimate the fair value of options granted
Dividend yield (as a percent)	0%	0%	0%	0%
Expected volatility (as a percent)	26.90%	27%	27.40%	27.60%
Risk-free interest rate (as a percent)	3.70%	4.20%	4.20%	3.70%
Expected term	6 years 3 months 18 days	6 years 3 months 18 days	6 years 4 months 24 days	6 years 3 months 18 days

STOCK-BASED COMPENSATION - Stoc

STOCK-BASED COMPENSATION - Stock Option Activity (Details) - Employee Stock Option - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			9 Months Ended	12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2024	Dec. 31, 2023
Stock options, Number of Shares
Balance at the beginning of the period (in shares)			24,983	24,983
Granted (in shares)	1,236	62	4,332
Exercised (in shares)				(2,281)
Cancelled or forfeited (in shares)				(514)
Balance at the end of the period (in shares)	27,818			27,818	24,983
Vested and expected to vest in the future at the end of the period (in shares)	26,723			26,723
Exercisable at the end of the period (in shares)	14,760			14,760
Stock options, Weighted-Average Exercise Price Per Share
Balance at the beginning of the period (in dollars per share)			$ 33.64	$ 33.64
Granted (in dollars per share)	$ 48.40	$ 51.89	$ 60.29
Exercised (in dollars per share)				27.22
Cancelled or forfeited (in dollars per share)				48
Balance at the end of the period (in dollars per share)	38.75			38.75	$ 33.64
Vested and expected to vest in the future at the end of the period (in dollars per share)	38.21			38.21
Exercisable at the end of the period (in dollars per share)	$ 29.27			$ 29.27
Weighted-Average Remaining Contractual Term (in years)
Weighted-Average Remaining Contractual Terms (in years)				6 years	5 years 9 months 18 days
Vested and expected to vest in the future at the end of the period				5 years 10 months 24 days
Exercisable at the end of the period				3 years 9 months 18 days
Aggregate Intrinsic Value
Balance at the beginning of the period			$ 598,866	$ 598,866
Balance at the end of the period	$ 407,665			407,665	$ 598,866
Vested and expected to vest in the future at the end of the period	403,609			403,609
Exercisable at the end of the period	$ 338,040			$ 338,040

STOCK-BASED COMPENSATION - Equi

STOCK-BASED COMPENSATION - Equity Awards (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended				9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Employee Stock Option
STOCK-BASED COMPENSATION
Weighted-average grant-date fair value of options granted (in dollars per share)	$ 17.01			$ 21.01	$ 21.41	$ 18.27
Total intrinsic value of options exercised	$ 8.2			$ 7.1	$ 66	$ 164.9
Cash received from option exercises	10			$ 5.9	62.1	$ 65.6
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 165.2				$ 165.2
Cost expected to be recognized over a weighted-average period					3 years 3 months 18 days
Restricted Stock Units, and Performance Share Units
STOCK-BASED COMPENSATION
Expected to vest over	1,600				1,600
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 44.9				$ 44.9
Cost expected to be recognized over a weighted-average period					1 year 4 months 24 days
Number of Shares
Non-vested at the beginning of the period (in shares)			1,964		1,964
Granted (in shares)	32	27	502
Vested (in shares)					(826)
Forfeited/cancelled (in shares)					(13)
Non-vested at the end of the period (in shares)	1,686				1,686
Weighted Average Grant-Date Fair Value
Non-vested at the beginning of the period (in dollars per share)			$ 40.95		$ 40.95
Granted (in dollars per share)	$ 48.40	$ 49.12	$ 57.04
Vested (in dollars per share)					40.71
Forfeited/cancelled (in dollars per share)					37.77
Non-vested at the end of the period (in dollars per share)	46.15				46.15
Restricted Stock Units, and/or Performance Share Units
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)	$ 48.40			$ 56.38	$ 58.80	$ 51.22
Performance Share Units
STOCK-BASED COMPENSATION
Percentage of target performance					100%
Performance Share Units \| Minimum
STOCK-BASED COMPENSATION
Percentage of target performance					0%
Performance Share Units \| Maximum
STOCK-BASED COMPENSATION
Percentage of target performance					200%
Other Share-Based Awards
STOCK-BASED COMPENSATION
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 0.1				$ 0.1
Cost expected to be recognized over a weighted-average period					3 months 18 days

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefit Rollforward (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Unrecognized Tax Benefits [Roll Forward]
Balance at the beginning of the period	$ 3,109
Additions for tax positions related to the current year	0
Additions for tax positions related to the prior year	631
Decreases for tax positions related to prior years	0
Balance at the end of the period	3,740
Accrued interest and penalties related to unrecognized tax benefits	$ 900

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
EARNINGS PER SHARE (Details) - shares shares in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Weighted-average shares outstanding:
Basic	975,841	1,047,015	1,015,252	1,046,337
Dilutive	7,330	12,951	8,660	13,472
Diluted	983,171	1,059,966	1,023,912	1,059,809
Totaling options and awards outstanding (in shares)	9,200	4,100	7,600	3,100

SEGMENT INFORMATION - Net Reven

SEGMENT INFORMATION - Net Revenues (Details) $ in Thousands	3 Months Ended		9 Months Ended
SEGMENT INFORMATION - Net Revenues (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)
SEGMENT INFORMATION
Number of reportable segments \| segment			4
Number of operating segments \| segment			4
Net Sales	$ 1,880,973	$ 1,856,028	$ 5,680,668	$ 5,409,919
Operating Income	479,916	510,527	1,549,070	1,519,396
Income before tax	474,096	581,884	1,603,381	1,618,406
Depreciation and amortization	19,909	17,979	59,822	50,364
Recognition of deferred revenue	10,000	10,000	29,900	30,000
Corporate and unallocated
SEGMENT INFORMATION
Net Sales	0	0	0	0
Operating Income	(160,764)	(135,435)	(429,506)	(380,114)
Income before tax	(168,317)	(65,108)	(379,075)	(283,766)
Depreciation and amortization	2,875	3,891	9,119	8,721
Monster Energy Drinks
SEGMENT INFORMATION
Net Sales	1,722,693	1,708,241	5,194,552	4,956,798
Monster Energy Drinks \| Operating segment
SEGMENT INFORMATION
Net Sales	1,722,693	1,708,242	5,194,552	4,956,797
Operating Income	601,688	603,670	1,842,066	1,762,410
Income before tax	603,442	604,688	1,846,003	1,765,018
Depreciation and amortization	13,330	10,023	39,043	27,830
Recognition of deferred revenue	10,000	10,000	29,900	30,000
Strategic Brands
SEGMENT INFORMATION
Net Sales	112,566	98,763	330,232	284,811
Strategic Brands \| Operating segment
SEGMENT INFORMATION
Net Sales	112,566	98,763	330,232	284,810
Operating Income	60,091	52,730	183,768	159,639
Income before tax	60,096	52,746	183,803	159,683
Depreciation and amortization	237	199	690	616
Alcohol Brands
SEGMENT INFORMATION
Net Sales	39,784	42,326	137,417	149,692
Alcohol Brands \| Operating segment
SEGMENT INFORMATION
Net Sales	39,784	42,326	137,417	149,692
Operating Income	(22,609)	(11,734)	(51,187)	(25,193)
Income before tax	(22,636)	(11,757)	(51,308)	(25,208)
Depreciation and amortization	3,419	3,816	10,825	11,973
Other
SEGMENT INFORMATION
Net Sales	5,930	6,698	18,467	18,618
Other \| Operating segment
SEGMENT INFORMATION
Net Sales	5,930	6,697	18,467	18,620
Operating Income	1,510	1,296	3,929	2,654
Income before tax	1,511	1,315	3,958	2,679
Depreciation and amortization	$ 48	$ 50	$ 145	$ 1,224

SEGMENT INFORMATION - Expenses

SEGMENT INFORMATION - Expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
SEGMENT INFORMATION
Stock-based compensation expense	$ 27.5	$ 17.9	$ 68.8	$ 52.5
Corporate and unallocated
SEGMENT INFORMATION
Payroll costs	96.6	82.7	282.7	245.5
Stock-based compensation expense	27.3	17.4	67	51.1
Professional service expenses	22.4	27.3	56.9	74.7
Other operating expenses	$ 41.8	$ 25.4	$ 89.9	$ 59.9

SEGMENT INFORMATION - Concentra

SEGMENT INFORMATION - Concentration Risk (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		15 Months Ended	21 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2024
SEGMENT INFORMATION
Net Sales	$ 1,880,973	$ 1,856,028	$ 5,680,668	$ 5,409,919
Sales \| Outside United States
SEGMENT INFORMATION
Net Sales	$ 760,100	$ 733,700	$ 2,250,000	$ 2,070,000
Sales \| Customer concentration \| Outside United States
SEGMENT INFORMATION
Percentage of net sales	40%	40%	40%
Coca-Cola Europacific Partners \| Sales \| Customer concentration
SEGMENT INFORMATION
Percentage of net sales	15%	14%		13%
Coca-Cola Europacific Partners \| Sales \| Customer concentration \| Outside United States
SEGMENT INFORMATION
Percentage of net sales			14%
Coca-Cola Consolidated, Inc \| Sales \| Customer concentration
SEGMENT INFORMATION
Percentage of net sales			10%	10%
Reyes Holdings, LLC \| Sales \| Customer concentration
SEGMENT INFORMATION
Percentage of net sales	9%	9%				9%
Coca Cola Company \| Sales \| Customer concentration
SEGMENT INFORMATION
Percentage of net sales					10%
Coca Cola Company \| Sales \| Customer concentration \| Outside United States
SEGMENT INFORMATION
Percentage of net sales				38%

SEGMENT INFORMATION - Goodwill

SEGMENT INFORMATION - Goodwill and other intangible assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
SEGMENT INFORMATION
Goodwill and other intangible assets	$ 2,860,367	$ 2,845,080
Monster Energy Drinks \| Operating segment
SEGMENT INFORMATION
Goodwill and other intangible assets	1,681,859	1,663,814
Strategic Brands \| Operating segment
SEGMENT INFORMATION
Goodwill and other intangible assets	982,362	982,471
Alcohol Brands \| Operating segment
SEGMENT INFORMATION
Goodwill and other intangible assets	$ 196,146	$ 198,795

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	3 Months Ended		9 Months Ended
RELATED PARTY TRANSACTIONS (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) director	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
RELATED PARTY TRANSACTIONS
Net Sales	$ 1,880,973	$ 1,856,028	$ 5,680,668	$ 5,409,919
Expenses incurred in connection with materials or services provided by a related party	519,883	473,236	1,497,363	1,336,437
Monster Energy Drinks
RELATED PARTY TRANSACTIONS
Net Sales	1,722,693	1,708,241	5,194,552	4,956,798
Related Party \| Coca Cola Company
RELATED PARTY TRANSACTIONS
Net Sales	54,100	40,200	151,300	108,400
Purchases from related party	$ 7,400	7,800	$ 22,200	22,500
Related Party \| Coca Cola Company \| Voting Interests
RELATED PARTY TRANSACTIONS
Related Party Ownership Interest (as a percent)	21%		21%
Related Party \| TCCC Subsidiaries and TCCC Related parties
RELATED PARTY TRANSACTIONS
Commission expenses	$ 25,500	21,400	$ 67,800	55,200
Related Party \| TCCC Subsidiaries and TCCC Related parties \| Monster Energy Drinks
RELATED PARTY TRANSACTIONS
Contract manufacturing expenses	10,200	10,100
Related Party \| TCCC Related Parties and TCCC Independent Bottlers \| Operating expense
RELATED PARTY TRANSACTIONS
Commission expenses	9,900	8,800	28,300	25,700
Related Party \| TCCC Subsidiaries
RELATED PARTY TRANSACTIONS
Accounts receivable, net	107,495		107,495		$ 135,246
Accounts payable	(33,754)		(33,754)		(68,386)
Accrued promotional allowances	(17,034)		(17,034)		(13,794)
Accrued liabilities	(44,826)		(44,826)		$ (19,745)
Related Party \| TCCC Subsidiaries \| Monster Energy Drinks
RELATED PARTY TRANSACTIONS
Contract manufacturing expenses			$ 28,700	25,100
Principal Owners
RELATED PARTY TRANSACTIONS
Number of directors \| director			1
Expenses incurred in connection with materials or services provided by a related party	1,500	900	$ 5,100	3,000
Business Travelling Expenses	$ 20	$ 100	$ 40	$ 130