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REVENUE RECOGNITION (Tables)
6 Months Ended
Jun. 30, 2018
Schedule of disaggregation of revenue by geographical markets

 

 

 

Three-Months Ended June 30, 2018

 

Net Sales

 

U.S. and
Canada

 

EMEA1

 

Asia Pacific

 

Latin
America
and
Caribbean

 

Total

 

Monster Energy® Drinks

 

$

695,963

 

$

138,608

 

$

60,606

 

$

34,262

 

$

929,439

 

Strategic Brands

 

50,133

 

22,967

 

6,368

 

343

 

79,811

 

Other

 

6,623

 

-

 

-

 

-

 

6,623

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Net Sales

 

$

752,719

 

$

161,575

 

$

66,974

 

$

34,605

 

$

1,015,873

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six-Months Ended June 30, 2018

 

Net Sales

 

U.S. and
Canada

 

EMEA1

 

Asia Pacific

 

Latin
America
and
Caribbean

 

Total

 

Monster Energy® Drinks

 

$

1,284,778

 

$

249,538

 

$

108,037

 

$

67,590

 

$

1,709,943

 

Strategic Brands

 

89,857

 

42,280

 

11,916

 

1,517

 

145,570

 

Other

 

11,280

 

-

 

-

 

-

 

11,280

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Net Sales

 

$

1,385,915

 

$

291,818

 

$

119,953

 

$

69,107

 

$

1,866,793

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1Europe, Middle East and Africa (“EMEA”)

 

Accounting Standards Update 2014-09  
Schedule of impact of adoption of ASC 606

 

 

 

Three-Months Ended June 30, 2018

 

 

 

As Reported

 

Without Adoption
of ASC 606

 

Decrease due to
Adoption of ASC
606

 

Net Sales

 

$

1,015,873

 

$

1,028,085

 

$

(12,212)

1

Operating Expenses

 

$

262,637

 

$

274,849

 

$

(12,212)

1

 

 

 

Six-Months Ended June 30, 2018

 

 

 

As Reported

 

Without Adoption
of ASC 606

 

Decrease due to
Adoption of ASC
606

 

Net Sales

 

$

1,866,793

 

$

1,888,945

 

$

(22,152)

1

Operating Expenses

 

$

497,979

 

$

520,131

 

$

(22,152)

1

 

1 TCCC Commissions based on sales to the TCCC Related Parties. There were no other identified changes to our revenue recognition policies as a result of the adoption of ASC 606.