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SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2023
SEGMENT INFORMATION  
Schedule of net revenues and other financial information by segment

Three-Months Ended

Nine-Months Ended

September 30, 

September 30, 

    

2023

    

2022

    

2023

    

2022

Net sales:

Monster Energy® Drinks1

$

1,708,242

$

1,502,219

$

4,956,797

$

4,444,755

Strategic Brands

 

98,763

 

88,802

 

284,810

 

260,536

Alcohol Brands2

42,326

26,818

149,692

74,472

Other

 

6,697

 

6,447

 

18,620

 

18,356

Corporate and unallocated

 

 

 

 

$

1,856,028

$

1,624,286

$

5,409,919

$

4,798,119

Three-Months Ended

Nine-Months Ended

September 30, 

September 30, 

    

2023

    

2022

    

2023

    

2022

Operating Income:

Monster Energy® Drinks1

$

603,670

$

492,534

$

1,762,410

$

1,388,815

Strategic Brands

 

52,730

 

47,282

 

159,639

 

145,977

Alcohol Brands2

(11,734)

(10,262)

(25,193)

(19,873)

Other

 

1,296

 

977

 

2,654

 

3,138

Corporate and unallocated

 

(135,435)

 

(112,601)

 

(380,114)

 

(327,688)

$

510,527

$

417,930

$

1,519,396

$

1,190,369

Three-Months Ended

Nine-Months Ended

September 30, 

September 30, 

    

2023

    

2022

    

2023

    

2022

Income before tax:

Monster Energy® Drinks1

$

604,688

$

493,486

$

1,765,018

$

1,391,026

Strategic Brands

 

52,746

 

47,319

 

159,683

 

146,082

Alcohol Brands2

(11,757)

(10,124)

(25,208)

(19,620)

Other

 

1,315

 

977

 

2,679

 

3,139

Corporate and unallocated

 

(65,108)

 

(111,579)

 

(283,766)

 

(342,190)

$

581,884

$

420,079

$

1,618,406

$

1,178,437

(1)Includes $10.0 million for both the three-months ended September 30, 2023 and 2022 related to the recognition of deferred revenue. Includes $30.0 million for both the nine-months ended September 30, 2023 and 2022 related to the recognition of deferred revenue.
(2)For the nine-months ended September 30, 2022, effectively from February 17, 2022 to September 30, 2022.

Three-Months Ended

Nine-Months Ended

September 30, 

September 30, 

    

2023

    

2022

    

2023

    

2022

Depreciation and amortization:

Monster Energy® Drinks

$

10,023

$

7,773

$

27,830

$

24,035

Strategic Brands

 

199

 

234

 

616

 

709

Alcohol Brands

3,816

3,713

11,973

9,679

Other

 

50

 

1,121

 

1,224

 

3,345

Corporate and unallocated

 

3,891

 

2,768

 

8,721

 

8,272

$

17,979

$

15,609

$

50,364

$

46,040

Schedule of goodwill and other intangible assets for the reportable segments

 

September 30, 

 

December 31, 

    

2023

    

2022

Goodwill and other intangible assets:

Monster Energy® Drinks

$

1,667,462

$

1,424,212

Strategic Brands

 

982,311

 

979,896

Alcohol Brands

227,615

233,140

Other

 

 

1,103

$

2,877,388

$

2,638,351