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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2024
SEGMENT INFORMATION  
Schedule of net revenues and other financial information by segment

Three-Months Ended

Six-Months Ended

June 30, 

June 30, 

    

2024

    

2023

    

2024

    

2023

Net sales:

Monster Energy® Drinks1

$

1,742,808

$

1,686,887

$

3,471,859

$

3,248,555

Strategic Brands

 

109,222

 

99,690

 

217,666

 

186,048

Alcohol Brands

41,564

61,076

97,634

107,366

Other

 

7,003

 

7,308

 

12,536

 

11,922

Corporate and unallocated

 

 

 

 

$

1,900,597

$

1,854,961

$

3,799,695

$

3,553,891

Three-Months Ended

Six-Months Ended

June 30, 

June 30, 

    

2024

    

2023

    

2024

    

2023

Operating Income:

Monster Energy® Drinks1

$

612,255

$

597,922

$

1,240,377

$

1,158,740

Strategic Brands

 

61,659

 

55,137

 

123,677

 

106,909

Alcohol Brands

(22,561)

(6,577)

(28,577)

(13,460)

Other

 

1,418

 

1,651

 

2,419

 

1,358

Corporate and unallocated

 

(125,608)

 

(124,328)

 

(268,742)

 

(244,677)

$

527,163

$

523,805

$

1,069,154

$

1,008,870

Three-Months Ended

Six-Months Ended

June 30, 

June 30, 

    

2024

    

2023

    

2024

    

2023

Income before tax:

Monster Energy® Drinks1

$

613,401

$

598,656

$

1,242,561

$

1,160,330

Strategic Brands

 

61,672

 

55,149

 

123,707

 

106,938

Alcohol Brands

(22,657)

(6,584)

(28,672)

(13,451)

Other

 

1,431

 

1,657

 

2,447

 

1,364

Corporate and unallocated

 

(102,308)

 

(109,914)

 

(210,758)

 

(218,658)

$

551,539

$

538,964

$

1,129,285

$

1,036,523

(1)Includes $10.0 million for both the three-months ended June 30, 2024 and 2023, related to the recognition of deferred revenue. Includes $19.9 million for both the six-months ended June 30, 2024 and 2023, related to the recognition of deferred revenue.

Three-Months Ended

Six-Months Ended

June 30, 

June 30, 

    

2024

    

2023

    

2024

    

2023

Depreciation and amortization:

Monster Energy® Drinks

$

13,105

$

8,817

$

25,713

$

17,806

Strategic Brands

 

224

 

196

 

453

 

417

Alcohol Brands

3,668

4,106

7,406

8,157

Other

 

57

 

51

 

97

 

1,174

Corporate and unallocated

 

2,384

 

2,406

 

6,244

 

4,830

$

19,438

$

15,576

$

39,913

$

32,384

Schedule of goodwill and other intangible assets for the reportable segments

 

June 30, 

 

December 31, 

    

2024

    

2023

Goodwill and other intangible assets:

Monster Energy® Drinks

$

1,671,799

$

1,663,814

Strategic Brands

 

982,435

 

982,471

Alcohol Brands

197,033

198,795

Other

 

 

$

2,851,267

$

2,845,080