XML 27 R10.htm IDEA: XBRL DOCUMENT
v3.10.0.1

REVENUE RECOGNITION | 12 Months Ended
--- | ---
Dec. 31, 2018
REVENUE RECOGNITION |
REVENUE RECOGNITION | 2. REVENUE RECOGNITION Upon adoption of ASC 606, commissions paid to TCCC based on sales to certain of the Company’s bottlers/distributors who are (i) consolidated subsidiaries of TCCC (the “TCCC Subsidiaries”), (ii) accounted for under the equity method by TCCC (the “TCCC Related Parties”) and (iii) those not included in (i) or (ii) (the “TCCC Independent Bottlers”) are accounted for as follows:
|  | Year Ended December 31, 2018
|  |  |  | Without Adoption of
Commissions Related To: |  | As Reported |  | ASC 606
TCCC Subsidiaries |  | Reduction to net sales |  | Reduction to net sales
TCCC Related Parties |  | Reduction to net sales |  | Operating expenses
TCCC Independent Bottlers |  | Operating expenses |  | Operating expenses
The impact of the adoption of ASC 606 on the Company’s consolidated statement of income for the year ended December 31, 2018 was as follows:
|  | Year Ended December 31, 2018 |
|  |  |  |  |  |  |  | Decrease due to |
|  |  |  |  | Without Adoption |  | Adoption of ASC |
|  | As Reported |  | of ASC 606 |  | 606 |
Net Sales |  | $ | 3,807,183 |  | $ | 3,849,424 |  | $ | (42,241) | 1
Operating Expenses |  | $ | 1,011,756 |  | $ | 1,053,997 |  | $ | (42,241) | 1
1 TCCC commissions based on sales to the TCCC Related Parties. There were no other identified changes to our revenue recognition policies as a result of the adoption of ASC 606. Disaggregation of Revenue The following table disaggregates the Company’s revenue by geographical markets and reportable segments:
|  | Year Ended December 31, 2018
|  |  |  |  |  |  |  |  |  |  | Latin |  |  |
|  |  |  |  |  |  |  |  |  |  | America |  |  |
|  | U.S. and |  |  |  |  |  |  |  | and |  |  |
Net Sales |  | Canada |  | EMEA 2 |  | Asia Pacific |  | Caribbean |  | Total
Monster Energy® Drinks |  | $ | 2,627,000 |  | $ | 500,826 |  | $ | 225,172 |  | $ | 145,429 |  | $ | 3,498,427
Strategic Brands |  |  | 179,677 |  |  | 77,841 |  |  | 26,254 |  |  | 2,064 |  |  | 285,836
Other |  |  | 22,920 |  |  | — |  |  | — |  |  | — |  |  | 22,920
Total Net Sales |  | $ | 2,829,597 |  | $ | 578,667 |  | $ | 251,426 |  | $ | 147,493 |  | $ | 3,807,183
2 Europe, Middle East and Africa (“EMEA”) Contract Liabilities Amounts received from certain bottlers/distributors at inception of their distribution contracts or at the inception of certain sales/marketing programs are accounted for as deferred revenue. As of December 31, 2018, the Company had $356.3 million of deferred revenue, which is included in current and long-term deferred revenue in the Company’s consolidated balance sheet. As of December 31, 2017, the Company had $377.6 million of deferred revenue, which is included in current and long-term deferred revenue in the Company’s consolidated balance sheet. During the years ended December 31, 2018 and 2017, $44.3 million and $43.4 million, respectively, of deferred revenue, was recognized in net sales. See Note 18.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration