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

Three-Months Ended

Nine-Months Ended

September 30, 

September 30, 

    

2024

    

2023

    

2024

    

2023

Net sales:

Monster Energy® Drinks1

$

1,722,693

$

1,708,242

$

5,194,552

$

4,956,797

Strategic Brands

 

112,566

 

98,763

 

330,232

 

284,810

Alcohol Brands

39,784

42,326

137,417

149,692

Other

 

5,930

 

6,697

 

18,467

 

18,620

Corporate and unallocated

 

 

 

 

$

1,880,973

$

1,856,028

$

5,680,668

$

5,409,919

Three-Months Ended

Nine-Months Ended

September 30, 

September 30, 

    

2024

    

2023

    

2024

    

2023

Operating Income:

Monster Energy® Drinks1

$

601,688

$

603,670

$

1,842,066

$

1,762,410

Strategic Brands

 

60,091

 

52,730

 

183,768

 

159,639

Alcohol Brands

(22,609)

(11,734)

(51,187)

(25,193)

Other

 

1,510

 

1,296

 

3,929

 

2,654

Corporate and unallocated

 

(160,764)

 

(135,435)

 

(429,506)

 

(380,114)

$

479,916

$

510,527

$

1,549,070

$

1,519,396

Three-Months Ended

Nine-Months Ended

September 30, 

September 30, 

    

2024

    

2023

    

2024

    

2023

Income before tax:

Monster Energy® Drinks1

$

603,442

$

604,688

$

1,846,003

$

1,765,018

Strategic Brands

 

60,096

 

52,746

 

183,803

 

159,683

Alcohol Brands

(22,636)

(11,757)

(51,308)

(25,208)

Other

 

1,511

 

1,315

 

3,958

 

2,679

Corporate and unallocated

 

(168,317)

 

(65,108)

 

(379,075)

 

(283,766)

$

474,096

$

581,884

$

1,603,381

$

1,618,406

(1)Includes $10.0 million for both the three-months ended September 30, 2024 and 2023, related to the recognition of deferred revenue. Includes $29.9 million and $30.0 million for the nine-months ended September 30, 2024 and 2023, respectively, related to the recognition of deferred revenue.

Three-Months Ended

Nine-Months Ended

September 30, 

September 30, 

    

2024

    

2023

    

2024

    

2023

Depreciation and amortization:

Monster Energy® Drinks

$

13,330

$

10,023

$

39,043

$

27,830

Strategic Brands

 

237

 

199

 

690

 

616

Alcohol Brands

3,419

3,816

10,825

11,973

Other

 

48

 

50

 

145

 

1,224

Corporate and unallocated

 

2,875

 

3,891

 

9,119

 

8,721

$

19,909

$

17,979

$

59,822

$

50,364

Schedule of goodwill and other intangible assets for the reportable segments

 

September 30, 

 

December 31, 

    

2024

    

2023

Goodwill and other intangible assets:

Monster Energy® Drinks

$

1,681,859

$

1,663,814

Strategic Brands

 

982,362

 

982,471

Alcohol Brands

196,146

198,795

Other

 

 

$

2,860,367

$

2,845,080