XML 52 R40.htm IDEA: XBRL DOCUMENT v3.23.1

SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2023

SEGMENT INFORMATION

Schedule of net revenues and other financial information by segment

​

​	​	​	​	​	​	​
​	​	Three-Months Ended
​	​	March 31,
​		2023			2022
Net sales:	​	​	​	​	​	​
Monster Energy® Drinks1	​	$	1,561,669	​	$	1,404,847
Strategic Brands	​		86,357	​		92,593
Alcohol Brands2	​	​	46,290	​	​	15,207
Other	​		4,614	​		5,927
Corporate and unallocated	​		—	​		—
​	​	$	1,698,930	​	$	1,518,574

​

​	​	​	​	​	​	​
​	​	Three-Months Ended
​	​	March 31,
​		2023			2022
Operating Income:	​	​	​	​	​	​
Monster Energy® Drinks1	​	$	560,819	​	$	454,563
Strategic Brands	​		51,771	​		57,195
Alcohol Brands2	​	​	(6,883)	​	​	(4,953)
Other	​		(293)	​		1,127
Corporate and unallocated	​		(120,350)	​		(108,443)
​	​	$	485,064	​	$	399,489

​

​	​	​	​	​	​	​
​	​	Three-Months Ended
​	​	March 31,
​		2023			2022
Income before tax:	​	​	​	​	​	​
Monster Energy® Drinks1	​	$	561,674	​	$	455,134
Strategic Brands	​		51,788	​		57,254
Alcohol Brands2	​	​	(6,867)	​	​	(5,606)
Other	​		(293)	​		1,137
Corporate and unallocated	​		(108,742)	​		(115,730)
​	​	$	497,560	​	$	392,189

​

(1) Includes $9.9 million and $10.0 million for the three-months ended March 31, 2023 and 2022, respectively, related to the recognition of deferred revenue.

(2) For the three-months ended March 31, 2022, effectively from February 17, 2022 to March 31, 2022.

​

​	​	​	​	​	​	​
​	​	Three-Months Ended
​	​	March 31,
​		2023			2022
Depreciation and amortization:	​	​	​	​	​	​
Monster Energy® Drinks	​	$	8,989	​	$	8,159
Strategic Brands	​		221	​		233
Alcohol Brands	​	​	4,051	​	​	2,283
Other	​		1,123	​		1,110
Corporate and unallocated	​		2,424	​		2,814
​	​	$	16,808	​	$	14,599

​

Schedule of goodwill and other intangible assets for the reportable segments

​

​	​	​	​	​	​	​
​		March 31,			December 31,
​		2023			2022
Goodwill and other intangible assets:	​	​	​	​	​	​
Monster Energy® Drinks	​	$	1,427,947	​	$	1,424,212
Strategic Brands	​		980,360	​		979,896
Alcohol Brands	​	​	232,232	​	​	233,140
Other	​		—	​		1,103
​	​	$	2,640,539	​	$	2,638,351

X

- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

+ Details

Name:	us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration