Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Price to Operating Profit (P/OP) since 2005
- Analysis of Debt
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Monster Beverage Corp., consolidated statement of comprehensive income
US$ in thousands
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).
The financial data reveals several notable trends and fluctuations over the five-year period ending in 2023.
- Net Income, as Reported
- Net income experienced a general upward trajectory with some volatility. It increased substantially from 1,107,835 thousand USD in 2019 to 1,409,594 thousand USD in 2020. However, there was a slight decrease in 2021 to 1,377,475 thousand USD, followed by a more pronounced decline in 2022 to 1,191,624 thousand USD. In 2023, net income rebounded strongly to its highest level in the period at 1,630,988 thousand USD, indicating a recovery and growth phase after the dip.
- Change in Foreign Currency Translation Adjustment
- This item displayed significant volatility. After a modest increase of 194 thousand USD in 2019, it surged dramatically to 35,531 thousand USD in 2020. The value then reversed sharply, declining into negative territory with -71,158 thousand USD in 2021 and -85,021 thousand USD in 2022. The trend reversed again in 2023, with a positive adjustment of 24,241 thousand USD. These fluctuations suggest considerable foreign exchange impacts impacting comprehensive income during this period.
- Change in Net Unrealized Gains (Losses) and Available-for-Sale Investments
- Both measures track similarly and indicate worsening unrealized losses from 2019 through 2022. Starting with minor gains of 283 thousand USD in 2019, they turned negative in 2020 (-110 thousand USD), deepened further in 2021 (-1,041 thousand USD), and reached their lowest point in 2022 (-4,887 thousand USD). In 2023, these positions improved significantly, moving back into positive territory with gains of 5,085 thousand USD and 9,495 thousand USD respectively, indicating recovery in investment valuations or more favorable market conditions.
- Net Gains (Losses) on Commodity Derivatives
- Data for this category is only available for 2023, showing a gain of 4,410 thousand USD. This suggests the company realized positive impacts from commodity derivative activities in that year, though trends across prior years are not available for comparison.
- Other Comprehensive Income (Loss)
- Other comprehensive income follows a pattern closely aligned with the combined effects of foreign currency translation adjustments and changes in investments. It showed an increase from 477 thousand USD in 2019 to a peak of 35,421 thousand USD in 2020, followed by substantial declines into negative values in 2021 (-72,199 thousand USD) and 2022 (-89,908 thousand USD). In 2023, other comprehensive income recovered strongly to 33,736 thousand USD, paralleling the positive shifts in the previous components.
- Comprehensive Income
- Comprehensive income, which aggregates net income and other comprehensive income components, trends similarly to net income but with more pronounced fluctuations. It increased from 1,108,312 thousand USD in 2019 to a high of 1,445,015 thousand USD in 2020 before falling to 1,305,276 thousand USD in 2021 and further declining to the period's low of 1,101,716 thousand USD in 2022. A strong recovery in 2023 lifted comprehensive income to 1,664,724 thousand USD, surpassing previous highs and underscoring an overall positive financial performance trend when including other comprehensive elements.