Balance Sheet: Assets
Quarterly Data

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.

Monster Beverage Corp., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	2,576,524)	2,297,675)	1,773,849)	1,869,774)	1,672,660)	1,307,141)	1,303,048)	1,132,039)	1,014,786)	1,326,462)	1,712,671)	1,584,239)	1,178,879)	1,180,413)	1,074,730)	921,326)	701,836)	797,957)	717,617)	888,247)	618,344)
Short-term investments	984,201)	955,605)	1,236,752)	1,417,239)	1,383,028)	1,362,314)	1,346,781)	1,337,792)	1,717,648)	1,749,727)	1,224,066)	968,952)	980,108)	881,354)	599,326)	250,753)	233,513)	533,063)	587,356)	357,988)	263,697)
Accounts receivable, net	1,370,239)	1,193,964)	1,231,188)	1,333,004)	1,190,351)	1,016,203)	1,051,642)	1,175,587)	1,039,780)	896,658)	849,157)	909,169)	802,509)	666,012)	740,813)	760,433)	670,570)	540,330)	647,983)	688,197)	596,661)
Inventories	939,630)	971,406)	883,582)	846,812)	906,723)	935,631)	862,977)	885,948)	821,132)	593,357)	471,553)	382,890)	368,402)	333,085)	318,956)	340,536)	352,305)	360,731)	317,745)	299,529)	300,780)
Prepaid expenses and other current assets	124,580)	116,195)	162,676)	148,750)	110,958)	109,823)	112,294)	132,273)	110,327)	82,668)	95,607)	83,086)	72,803)	55,358)	75,958)	78,425)	71,865)	54,868)	58,390)	58,477)	63,685)
Prepaid income taxes	40,340)	54,151)	23,468)	38,534)	30,889)	33,785)	19,949)	32,981)	39,993)	33,238)	30,619)	22,339)	31,171)	24,733)	16,064)	19,977)	18,633)	29,360)	31,669)	34,330)	64,133)
Current assets	6,035,514)	5,588,996)	5,311,515)	5,654,113)	5,294,609)	4,764,897)	4,696,691)	4,696,620)	4,743,666)	4,682,110)	4,383,673)	3,950,675)	3,433,872)	3,140,955)	2,825,847)	2,371,450)	2,048,722)	2,316,309)	2,360,760)	2,326,768)	1,907,300)
Investments	8,162)	76,431)	52,636)	62,248)	41,152)	61,443)	72,373)	64,119)	65,652)	99,419)	28,255)	91,033)	63,751)	44,291)	20,571)	2,077)	13,922)	12,905)	14,370)	7,006)	—)
Property and equipment, net	923,290)	890,796)	731,208)	576,645)	545,922)	516,897)	485,550)	464,541)	407,391)	313,753)	309,574)	309,178)	312,155)	314,656)	304,687)	301,946)	295,570)	298,640)	251,760)	240,165)	241,232)
Deferred income taxes, net	175,271)	175,003)	176,724)	177,039)	177,039)	177,039)	195,511)	203,287)	225,221)	225,221)	241,297)	241,297)	241,650)	241,650)	84,777)	84,777)	84,777)	84,777)	85,148)	85,148)	85,215)
Goodwill	1,417,941)	1,417,941)	1,417,941)	1,417,941)	1,417,941)	1,417,941)	1,412,941)	1,412,941)	1,411,928)	1,331,643)	1,331,643)	1,331,643)	1,331,643)	1,331,643)	1,331,643)	1,331,643)	1,331,643)	1,331,643)	1,331,643)	1,331,643)	1,331,643)
Other intangible assets, net	1,430,762)	1,427,139)	1,459,447)	1,224,100)	1,222,598)	1,220,410)	1,225,826)	1,223,114)	1,232,113)	1,072,386)	1,066,083)	1,058,323)	1,063,092)	1,059,046)	1,059,537)	1,055,544)	1,053,107)	1,052,105)	1,047,473)	1,045,810)	1,042,839)
Other assets	107,126)	110,216)	164,867)	151,252)	145,101)	134,478)	115,913)	110,390)	101,488)	80,252)	88,883)	89,394)	88,203)	70,475)	70,621)	46,376)	53,756)	53,973)	46,212)	47,792)	47,622)
Noncurrent assets	4,062,552)	4,097,526)	4,002,823)	3,609,225)	3,549,753)	3,528,208)	3,508,114)	3,478,392)	3,443,793)	3,122,674)	3,065,735)	3,120,868)	3,100,494)	3,061,761)	2,871,836)	2,822,363)	2,832,775)	2,834,043)	2,776,606)	2,757,564)	2,748,551)
Total assets	10,098,066)	9,686,522)	9,314,338)	9,263,338)	8,844,362)	8,293,105)	8,204,805)	8,175,012)	8,187,459)	7,804,784)	7,449,408)	7,071,543)	6,534,366)	6,202,716)	5,697,683)	5,193,813)	4,881,497)	5,150,352)	5,137,366)	5,084,332)	4,655,851)

The analysis of the quarterly financial data reveals several notable trends in the company’s asset profiles over the reviewed periods.

Cash and Cash Equivalents: There is a general upward trend in cash and cash equivalents from March 31, 2019, to March 31, 2024, indicating an increased liquidity position. The balance rose from approximately $618 million to about $2.58 billion, demonstrating a strong improvement in short-term financial strength. Some fluctuations are notable, but the overall trend remains upward.
Short-term Investments: Short-term investments show variability with significant increases at certain points (e.g., a peak around December 2021 at approximately $1.75 billion), but a subsequent decline leading into 2024 down to under $1 billion. This suggests fluctuations in the management of liquid investment assets, possibly influenced by market conditions or strategic shifts.
Accounts Receivable, Net: Accounts receivable exhibits a growth trend from about $597 million to $1.37 billion over the periods, reflecting increased sales or credit extended to customers. There are some periods with minor declines, but the general movement is upward, which may indicate growth in business operations or changes in credit policy.
Inventories: Inventories increased considerably, from approximately $301 million in early 2019 to about $940 million by March 2024. The rise was steep especially after 2020, showing a potential buildup of stock that may be aligned with sales growth expectations or supply chain adjustments.
Prepaid Expenses and Other Current Assets: This category sees periodic increases with values moving from around $64 million to approximately $125 million by the latest period. The fluctuations likely reflect timing of recognized expenses and other short-term assets relevant to operational needs.
Prepaid Income Taxes: Prepaid income taxes have shown irregular movement without a clear trend, with amounts ranging between approximately $16 million and $54 million. These variations may relate to changes in tax strategies or timing differences.
Current Assets: Current assets overall show a consistent upward trajectory from about $1.91 billion to over $6 billion, highlighting a strengthening of the liquidity and near-term asset base to support operations and obligations.
Investments: The investments category shows fluctuating figures with no clear trend, ranging from a few thousand to near $99 million in some periods. These inconsistencies may reflect changes in long-term strategic holdings or disposal/acquisition activities.
Property and Equipment, Net: Net property and equipment increased significantly from approximately $241 million to over $923 million, indicating substantial capital expenditures and asset base expansion over the analyzed periods.
Deferred Income Taxes, Net: Deferred income taxes remained relatively stable throughout most periods but experienced a notable increase near the end of 2020, followed by gradual decreases thereafter. This might be associated with changes in tax regulations or deferred tax asset/liability recognition.
Goodwill: Goodwill remains nearly constant at about $1.33 billion initially, then increases to approximately $1.42 billion after March 2022, suggesting acquisitions or adjustments reflecting business combinations.
Other Intangible Assets, Net: Other intangible assets show a rising pattern over time from roughly $1.04 billion to about $1.43 billion, with a significant jump observed at around September 2023. This could relate to new acquisitions or revaluation of existing intangible assets.
Other Assets: Other assets generally increased from around $48 million to about $107 million, peaking above $164 million in late 2022, indicating possible acquisition of miscellaneous long-term assets or deferred charges.
Noncurrent Assets: Noncurrent assets increased steadily from approximately $2.75 billion to over $4.06 billion by the latest quarter, reflecting investments in fixed assets, goodwill, intangible assets, and other tangible or intangible holdings.
Total Assets: Total assets grew from around $4.66 billion in March 2019 to approximately $10.10 billion in March 2024. This demonstrates substantial growth in the company's overall resource base, doubling over the five-year span, indicating successful asset accumulation and business expansion.

Overall, the data indicates a consistent expansion of the asset base, with strong increases in liquidity, property and equipment, intangible assets, and overall total assets. These trends suggest growth-oriented strategies, possibly involving acquisitions and capital investments, alongside efficient management of working capital components such as receivables and inventory.

Assets: Selected Items

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Current Assets: Selected Items

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Monster Beverage Corp. (NASDAQ:MNST)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data