Name: Monster Beverage Corp. (NASDAQ:MNST) | Liabilities and Stockholders’ Equity (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Monster Beverage Corp., consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable	533,729)	564,379)	539,892)	568,613)	491,249)	444,265)	520,198)	492,858)	438,256)	404,263)	396,229)	362,900)	334,076)	296,800)	281,522)	261,969)	305,529)	274,045)	304,773)	292,627)	267,735)
Accrued liabilities	204,679)	183,988)	207,727)	198,656)	245,932)	172,991)	198,692)	209,154)	234,111)	210,964)	180,719)	172,498)	170,954)	142,653)	168,398)	142,848)	145,224)	114,075)	112,318)	125,086)	127,622)
Accrued promotional allowances	318,895)	269,061)	296,577)	283,647)	308,094)	255,631)	281,650)	277,618)	270,785)	211,461)	232,394)	227,414)	197,380)	186,658)	200,668)	167,011)	171,406)	166,761)	197,239)	199,324)	167,700)
Deferred revenue	43,776)	41,914)	40,127)	42,765)	44,440)	43,311)	42,608)	44,344)	42,540)	42,530)	45,278)	46,656)	45,961)	45,429)	45,538)	44,894)	44,844)	44,237)	43,805)	43,839)	43,591)
Accrued compensation	52,638)	87,392)	76,835)	56,195)	42,673)	72,463)	61,426)	53,717)	37,551)	65,459)	54,507)	46,770)	30,499)	55,015)	45,555)	35,646)	21,827)	47,262)	35,747)	29,445)	18,211)
Income taxes payable	75,111)	14,955)	17,644)	12,704)	55,123)	13,317)	17,143)	15,917)	21,118)	30,399)	23,113)	31,289)	9,991)	23,433)	32,082)	22,497)	12,711)	14,717)	20,334)	15,179)	6,113)
Current liabilities	1,228,828)	1,161,689)	1,178,802)	1,162,580)	1,187,511)	1,001,978)	1,121,717)	1,093,608)	1,044,361)	965,076)	932,240)	887,527)	788,861)	749,988)	773,763)	674,865)	701,541)	661,097)	714,216)	705,500)	630,972)
Deferred revenue	198,759)	204,251)	209,136)	215,039)	219,764)	223,800)	226,294)	232,170)	238,241)	243,249)	245,621)	252,056)	257,730)	264,436)	268,281)	272,926)	278,393)	287,469)	292,101)	298,375)	303,241)
Other liabilities	92,690)	91,838)	53,251)	44,255)	41,727)	42,286)	41,034)	40,056)	38,185)	29,508)	26,550)	26,462)	28,338)	27,432)	26,318)	24,482)	30,617)	30,505)	23,071)	22,871)	22,818)
Noncurrent liabilities	291,449)	296,089)	262,387)	259,294)	261,491)	266,086)	267,328)	272,226)	276,426)	272,757)	272,171)	278,518)	286,068)	291,868)	294,599)	297,408)	309,010)	317,974)	315,172)	321,246)	326,059)
Total liabilities	1,520,277)	1,457,778)	1,441,189)	1,421,874)	1,449,002)	1,268,064)	1,389,045)	1,365,834)	1,320,787)	1,237,833)	1,204,411)	1,166,045)	1,074,929)	1,041,856)	1,068,362)	972,273)	1,010,551)	979,071)	1,029,388)	1,026,746)	957,031)
Common stock, $0.005 par value	5,624)	5,613)	5,592)	5,591)	5,587)	3,209)	3,206)	3,205)	3,203)	3,200)	3,199)	3,198)	3,196)	3,193)	3,192)	3,190)	3,186)	3,182)	3,181)	3,180)	3,174)
Additional paid-in capital	5,034,948)	4,975,115)	4,893,289)	4,869,791)	4,829,301)	4,780,013)	4,736,141)	4,707,569)	4,673,302)	4,652,620)	4,626,299)	4,597,333)	4,562,689)	4,537,982)	4,513,743)	4,474,379)	4,428,580)	4,397,511)	4,370,280)	4,350,177)	4,288,638)
Retained earnings	6,381,785)	5,939,736)	5,572,757)	5,120,063)	4,706,192)	9,001,173)	8,699,499)	8,377,112)	8,103,752)	7,809,549)	7,488,235)	7,151,030)	6,747,268)	6,432,074)	5,960,338)	5,612,684)	5,301,315)	5,022,480)	4,767,526)	4,468,603)	4,176,130)
Accumulated other comprehensive income (loss)	(157,940)	(125,337)	(198,033)	(155,725)	(147,911)	(159,073)	(224,455)	(152,957)	(72,145)	(69,165)	(43,495)	(16,822)	(24,874)	3,034)	(32,529)	(53,438)	(62,682)	(32,387)	(43,083)	(28,756)	(34,125)
Common stock in treasury, at cost	(2,686,628)	(2,566,383)	(2,400,456)	(1,998,256)	(1,997,809)	(6,600,281)	(6,398,631)	(6,125,751)	(5,841,440)	(5,829,253)	(5,829,241)	(5,829,241)	(5,828,842)	(5,815,423)	(5,815,423)	(5,815,275)	(5,799,453)	(5,219,505)	(4,989,926)	(4,735,618)	(4,734,997)
Stockholders’ equity	8,577,789)	8,228,744)	7,873,149)	7,841,464)	7,395,360)	7,025,041)	6,815,760)	6,809,178)	6,866,672)	6,566,951)	6,244,997)	5,905,498)	5,459,437)	5,160,860)	4,629,321)	4,221,540)	3,870,946)	4,171,281)	4,107,978)	4,057,586)	3,698,820)
Total liabilities and stockholders’ equity	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)

An analysis of the balance sheet from March 31, 2019, to March 31, 2024, reveals a substantial expansion in both total liabilities and stockholders' equity. Total liabilities and stockholders' equity grew from approximately 4.66 billion US dollars to 10.10 billion US dollars over the period, indicating a significant increase in the company's overall financial scale.

Liability Structure and Trends: Total liabilities exhibited a general upward trajectory, increasing from 957.03 million US dollars in March 2019 to 1.52 billion US dollars by March 2024. This growth is primarily driven by current liabilities, which nearly doubled from 630.97 million US dollars to 1.23 billion US dollars. Key drivers within this category include accounts payable, which rose from 267.74 million US dollars to 533.73 million US dollars, and accrued promotional allowances, which increased from 167.70 million US dollars to 318.90 million US dollars. Conversely, noncurrent liabilities remained relatively stable with a slight downward trend, declining from 326.06 million US dollars in March 2019 to 291.45 million US dollars in March 2024, suggesting a strategic reliance on short-term operating liabilities rather than long-term debt.
Stockholders' Equity Evolution: Stockholders' equity demonstrated strong growth, rising from 3.70 billion US dollars in March 2019 to 8.58 billion US dollars in March 2024. This growth was largely supported by a steady increase in additional paid-in capital and the accumulation of retained earnings. A notable volatility is observed in the first quarter of 2023, where retained earnings decreased from 9.00 billion US dollars in December 2022 to 4.71 billion US dollars in March 2023, coinciding with a significant reduction in the common stock in treasury account from negative 6.60 billion US dollars to negative 2.00 billion US dollars. This suggests a substantial capital restructuring or accounting adjustment during that period. Following this adjustment, retained earnings resumed a growth trend, reaching 6.38 billion US dollars by March 2024.
Comprehensive Income and Treasury Impact: Accumulated other comprehensive income (loss) remained predominantly negative throughout the analysis period, with a peak loss of 224.46 million US dollars in June 2022. This account has fluctuated significantly, reflecting the impact of external market factors or currency translations. The treasury stock account, which acted as a significant contra-equity component, was reduced sharply in early 2023, which contributed to the overall increase in total stockholders' equity by reducing the amount of capital subtracted from the equity base.
Solvency and Leverage Observations: The relationship between total liabilities and stockholders' equity indicates a strengthening solvency position. The proportion of liabilities relative to equity has declined over the five-year period, as equity grew at a faster rate than liabilities. The company maintains a low level of long-term debt relative to its total capital, with the majority of its obligations being current operating liabilities.

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Monster Beverage Corp. (NASDAQ:MNST)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data