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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
NET SALES $ 1,624,286 $ 1,410,557 $ 4,798,119 $ 4,116,308
COST OF SALES 790,561 621,399 2,407,867 1,775,375
GROSS PROFIT 833,725 789,158 2,390,252 2,340,933
OPERATING EXPENSES 415,795 344,694 1,199,883 956,346
OPERATING INCOME 417,930 444,464 1,190,369 1,384,587
INTEREST and OTHER INCOME (EXPENSE), net 2,149 (2,290) (11,932) (2,179)
INCOME BEFORE PROVISION FOR INCOME TAXES 420,079 442,174 1,178,437 1,382,408
PROVISION FOR INCOME TAXES 97,692 104,969 288,487 326,247
NET INCOME $ 322,387 $ 337,205 $ 889,950 $ 1,056,161
NET INCOME PER COMMON SHARE:        
Basic $ 0.61 $ 0.64 $ 1.68 $ 2.00
Diluted $ 0.60 $ 0.63 $ 1.66 $ 1.97
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS:        
Basic 526,797 528,997 528,263 528,618
Diluted 533,300 535,915 534,599 535,554
U.S. and Canada        
NET SALES $ 1,060,242 $ 921,744 $ 3,110,579 $ 2,691,313
EMEA        
NET SALES 320,642 280,551 949,717 817,442
Asia Pacific        
NET SALES 109,093 126,467 350,575 367,592
Latin America and Caribbean        
NET SALES 134,309 81,795 387,248 239,961
Monster Energy Drinks        
NET SALES 1,502,219 1,329,793 4,444,755 3,867,162
Monster Energy Drinks | U.S. and Canada        
NET SALES 982,952 880,012 2,882,306 2,548,873
Monster Energy Drinks | EMEA        
NET SALES 288,077 252,101 857,805 741,208
Monster Energy Drinks | Asia Pacific        
NET SALES 100,288 120,864 327,632 346,545
Monster Energy Drinks | Latin America and Caribbean        
NET SALES 130,902 76,816 377,012 230,536
Strategic Brands        
NET SALES 88,802 74,449 260,536 229,193
Strategic Brands | U.S. and Canada        
NET SALES 44,025 35,417 135,445 122,487
Strategic Brands | EMEA        
NET SALES 32,565 28,450 91,912 76,234
Strategic Brands | Asia Pacific        
NET SALES 8,805 5,603 22,943 21,047
Strategic Brands | Latin America and Caribbean        
NET SALES 3,407 4,979 10,236 9,425
Other        
NET SALES 6,447 6,315 18,356 19,953
Other | U.S. and Canada        
NET SALES 6,447 6,315 18,356 19,953
Other | EMEA        
NET SALES 0 0 0 0
Other | Asia Pacific        
NET SALES 0 0 0 0
Other | Latin America and Caribbean        
NET SALES 0 0 0 0
Alcohol Brands        
NET SALES 26,818 0 74,472 0
Alcohol Brands | U.S. and Canada        
NET SALES 26,818 0 74,472 0
Alcohol Brands | EMEA        
NET SALES 0 0 0 0
Alcohol Brands | Asia Pacific        
NET SALES 0 0 0 0
Alcohol Brands | Latin America and Caribbean        
NET SALES $ 0 $ 0 $ 0 $ 0