Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Monster Beverage Corp., consolidated cash flow statement

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	1,630,988)	1,191,624)	1,377,475)	1,409,594)	1,107,835)
Depreciation and amortization	68,898)	61,241)	50,155)	57,030)	60,727)
Non-cash lease expense	9,043)	7,337)	4,107)	3,943)	4,087)
(Gain) loss on disposal of property and equipment	166)	(185)	(1,013)	(350)	(252)
Gain on Bang Transaction	(45,382)	—)	—)	—)	—)
Loss on impairment of intangibles	38,700)	2,200)	—)	8,700)	—)
Loss on impairment of property and equipment	4,336)	—)	—)	—)	—)
Stock-based compensation	68,836)	64,109)	70,483)	70,289)	63,356)
Deferred income taxes	2,040)	48,182)	16,429)	(156,873)	1,263)
Accounts receivable	(163,158)	(128,981)	(254,228)	(119,672)	(59,941)
Inventories	7,898)	(347,712)	(277,793)	30,304)	(85,222)
Prepaid expenses and other assets	(10,215)	(38,268)	(29,341)	1,024)	(13,774)
Prepaid income taxes	(18,833)	(4,439)	(10,919)	5,516)	9,481)
Accounts payable	112,786)	49,765)	114,297)	18,696)	28,832)
Accrued liabilities	(10,393)	(30,419)	71,586)	26,113)	(14,018)
Accrued promotional allowances	8,418)	50,821)	31,498)	13,762)	21,943)
Accrued compensation	13,398)	3,729)	7,950)	7,501)	7,228)
Income taxes payable	1,748)	(16,860)	7,221)	10,422)	8,105)
Other liabilities	22,951)	(4,540)	492)	(356)	(1,030)
Deferred revenue	(24,472)	(19,905)	(22,658)	(21,480)	(24,858)
Effect on cash of changes in operating assets and liabilities	(59,872)	(486,809)	(361,895)	(28,170)	(123,254)
Adjustments to reconcile net income to net cash provided by operating activities	86,765)	(303,925)	(221,734)	(45,431)	5,927)
Net cash provided by operating activities	1,717,753)	887,699)	1,155,741)	1,364,163)	1,113,762)
Sales of available-for-sale investments	2,029,737)	2,252,355)	1,488,599)	920,196)	851,436)
Purchases of available-for-sale investments	(1,620,718)	(1,847,067)	(2,413,143)	(1,299,981)	(1,067,736)
Acquisition of Bang Energy	(363,385)	—)	—)	—)	—)
Acquisition of CANarchy, net of cash	—)	(329,472)	—)	—)	—)
Purchases of property and equipment	(221,428)	(188,726)	(43,868)	(48,722)	(101,661)
Proceeds from sale of property and equipment	2,520)	1,313)	1,328)	993)	1,239)
Additions to intangibles	(13,296)	(23,427)	(13,585)	(18,550)	(8,737)
Increase in other assets	(6,825)	(26,343)	(11,353)	(26,423)	(1,265)
Net cash used in investing activities	(193,395)	(161,367)	(992,022)	(472,487)	(326,724)
Borrowings (payments) on debt	(13,914)	75)	2,928)	(3,086)	(13,569)
Issuance of common stock	130,267)	64,015)	45,723)	72,936)	92,363)
Purchases of common stock held in treasury	(658,952)	(771,028)	(13,830)	(595,918)	(707,300)
Net cash provided by (used in) financing activities	(542,599)	(706,938)	34,821)	(526,068)	(628,506)
Effect of exchange rate changes on cash and cash equivalents	8,775)	(38,715)	(52,491)	16,848)	1,912)
Net increase (decrease) in cash and cash equivalents	990,534)	(19,321)	146,049)	382,456)	160,444)
Cash and cash equivalents, beginning of year	1,307,141)	1,326,462)	1,180,413)	797,957)	637,513)
Cash and cash equivalents, end of year	2,297,675)	1,307,141)	1,326,462)	1,180,413)	797,957)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Monster Beverage Corp. net cash provided by operating activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Monster Beverage Corp. net cash used in investing activities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Monster Beverage Corp. net cash provided by (used in) financing activities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Monster Beverage Corp. (NASDAQ:MNST)

Cash Flow Statement