Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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Monster Beverage Corp., consolidated cash flow statement (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
- Net Income
- Net income generally increased over the observed periods with notable fluctuations. A significant peak occurred in December 2020, reaching 471,736 thousand USD, followed by a decline and recovery trend. The first quarter of 2024 showed a strong net income at 442,049 thousand USD, indicating resilience despite previous volatility.
- Depreciation and Amortization
- Depreciation and amortization expenses remained relatively stable with a slight upward trend over the years, increasing from approximately 14,870 thousand USD in early 2019 to 20,475 thousand USD by the first quarter of 2024. This gradual increase suggests ongoing investment in fixed assets.
- Stock-Based Compensation
- Stock-based compensation showed moderate variability but an overall rising pattern, moving from about 15,324 thousand USD in early 2019 to 22,472 thousand USD in Q1 2024. This indicates a growing emphasis on equity incentives for employees and management.
- Impairments and One-Time Charges
- The data reveals several impairment losses on intangibles and property and equipment predominantly from 2020 onwards, with substantial spikes in Q4 2023 (35,900 thousand USD loss on intangibles) and a notable loss on property and equipment (4,336 thousand USD) in the same period. These losses may reflect asset revaluations.
- Accounts Receivable and Inventories
- Accounts receivable and inventories exhibit considerable volatility with frequent large negative and positive swings. This pattern reflects fluctuations in sales, collections, and inventory management. For example, receivables swung from large negative values in Q1 2023 (-167,512 thousand USD) to significant positive values in Q3 2022 (86,789 thousand USD).
- Operating Cash Flow
- Net cash provided by operating activities demonstrates strong positive cash generation with intermittent dips. Peaks occurred in Q3 2020 (508,778 thousand USD) and Q3 2022 (458,523 thousand USD), evidencing robust operating efficiency. Negative values in early 2022 (-351 thousand USD) signal transient operational challenges.
- Investing Activities
- Investing cash flows fluctuate significantly reflecting large acquisitions and investments. The acquisition of Bang Energy in Q1 2023 (363,385 thousand USD outflow) and CANarchy in Q4 2021 (330,356 thousand USD outflow) are key events causing substantial cash outflows. Purchases of property and equipment vary with occasional spikes notably in Q2 2022 (-77,935 thousand USD) and Q4 2023 (-111,204 thousand USD).
- Financing Activities
- Financing activities show large variable trends. Significant cash outflows for treasury stock purchases are evident, especially in 2019 and 2022. Issuance of common stock generally provided cash inflows, notable in Q1 2024 (38,392 thousand USD). Borrowings and repayments on debt remain relatively minor compared to other cash flows.
- Working Capital and Related Accounts
- Accounts payable, accrued liabilities, accrued promotional allowances, and accrued compensation all exhibit volatility, with some large negative and positive changes. These fluctuations highlight changes in payables management, promotional spending, payroll accruals, and other operating liabilities.
- Deferred Income Taxes and Deferred Revenue
- Deferred income taxes display erratic changes including significant negative adjustments in 2019 and positive adjustments in later periods, indicating complex tax timing differences. Deferred revenue trends slightly negative, implying more revenue recognized than deferred over time.
- Effect of Exchange Rate Changes
- Exchange rate effects on cash show variability with alternating positive and negative impacts, highlighting exposure to currency fluctuations which sometimes materially affect cash balances.