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

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.

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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)

Total assets exhibit a sustained upward trajectory, increasing from $4.66 billion in March 2019 to $10.10 billion by March 2024. This growth is primarily driven by a substantial expansion in current assets, which more than tripled over the analyzed period, while noncurrent assets grew at a more moderate pace.

Liquidity and Cash Management: Cash and cash equivalents show a strong general increase, rising from $618.3 million in March 2019 to $2.58 billion in March 2024. Short-term investments peaked in December 2021 at $1.75 billion before stabilizing around $984 million by early 2024. The combined liquidity position indicates a significant accumulation of liquid reserves, particularly accelerating after 2020.
Operational Asset Trends: Accounts receivable, net, grew steadily from $596.7 million to $1.37 billion, reflecting an increase in credit sales and revenue scale. Inventories experienced a notable surge, increasing from $300.8 million in March 2019 to a peak of $971.4 million in September 2023, before settling at $939.6 million in March 2024. This suggests an expansion of the supply chain and inventory buffering to support higher sales volumes.
Fixed Asset and Capital Investment: Property and equipment, net, demonstrated aggressive growth, particularly from 2022 onwards, rising from $241.2 million in March 2019 to $923.3 million in March 2024. This suggests significant capital expenditure in infrastructure or production capacity. Noncurrent assets overall rose from $2.75 billion to $4.06 billion over the period.
Intangibles and Deferred Taxes: Goodwill and other intangible assets remained relatively stable until early 2022, after which they increased, with goodwill reaching $1.42 billion and intangible assets reaching $1.43 billion by March 2024. Deferred income taxes, net, saw a sharp increase in December 2020, jumping from $84.8 million to $241.7 million, before gradually declining to $175.3 million by March 2024.

The shift in asset composition reveals a company in a phase of aggressive operational scaling. The disproportionate growth of current assets relative to noncurrent assets indicates a highly liquid balance sheet. The simultaneous increase in property and equipment alongside rising inventory and receivable levels points to a synchronized expansion of both production capacity and market reach.

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Monster Beverage Corp. (NASDAQ:MNST)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data