Name: Monster Beverage Corp. (NASDAQ:MNST) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

Monster Beverage Corp., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	2,297,675)	1,307,141)	1,326,462)	1,180,413)	797,957)
Short-term investments	955,605)	1,362,314)	1,749,727)	881,354)	533,063)
Accounts receivable, net	1,193,964)	1,016,203)	896,658)	666,012)	540,330)
Inventories	971,406)	935,631)	593,357)	333,085)	360,731)
Prepaid expenses and other current assets	116,195)	109,823)	82,668)	55,358)	54,868)
Prepaid income taxes	54,151)	33,785)	33,238)	24,733)	29,360)
Current assets	5,588,996)	4,764,897)	4,682,110)	3,140,955)	2,316,309)
Investments	76,431)	61,443)	99,419)	44,291)	12,905)
Property and equipment, net	890,796)	516,897)	313,753)	314,656)	298,640)
Deferred income taxes, net	175,003)	177,039)	225,221)	241,650)	84,777)
Goodwill	1,417,941)	1,417,941)	1,331,643)	1,331,643)	1,331,643)
Other intangible assets, net	1,427,139)	1,220,410)	1,072,386)	1,059,046)	1,052,105)
Other assets	110,216)	134,478)	80,252)	70,475)	53,973)
Noncurrent assets	4,097,526)	3,528,208)	3,122,674)	3,061,761)	2,834,043)
Total assets	9,686,522)	8,293,105)	7,804,784)	6,202,716)	5,150,352)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Total assets exhibited a consistent upward trajectory over the five-year period, increasing from approximately 5.15 billion US dollars in 2019 to 9.69 billion US dollars by the end of 2023. This growth was driven by expansions in both current and noncurrent asset categories, reflecting a significant increase in the overall scale of the balance sheet.

Liquidity and Cash Management: A substantial increase in liquidity is observed, with cash and cash equivalents growing from 797.96 million US dollars in 2019 to 2.30 billion US dollars in 2023. While short-term investments peaked in 2021 at 1.75 billion US dollars, a subsequent decline to 955.61 million US dollars by 2023 suggests a strategic shift toward holding more immediate cash reserves rather than short-term marketable securities.
Operational Working Capital: Accounts receivable grew steadily from 540.33 million US dollars in 2019 to 1.19 billion US dollars in 2023, indicating an increase in credit sales or changes in collection cycles associated with higher revenue volumes. Inventories showed a more aggressive growth pattern, increasing nearly threefold from 360.73 million US dollars in 2019 to 971.41 million US dollars in 2023, with the most significant acceleration occurring between 2020 and 2022.
Fixed Assets and Capital Expenditure: Property and equipment, net, remained relatively stagnant until 2021, after which a sharp increase occurred, rising from 313.75 million US dollars in 2021 to 890.80 million US dollars in 2023. This trend indicates a period of intensified capital investment in physical infrastructure during the latter half of the observed period.
Intangible Assets and Goodwill: Noncurrent assets were further bolstered by growth in intangible assets, which rose from 1.05 billion US dollars in 2019 to 1.43 billion US dollars in 2023. Goodwill remained stable for the first three years before a modest increase in 2022 to 1.42 billion US dollars, where it remained through 2023.

The overall asset composition shifted toward higher liquidity and increased operational capacity. The simultaneous rise in current assets and the marked increase in net property and equipment suggest a strategy of aggressive growth supported by a strong cash position.

AI Ask an analyst for more

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.

How can I help you?