Monster Beverage (MNST) 10-Q 5 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 22, 2016
Document and Entity Information
Entity Registrant Name	Monster Beverage Corp
Entity Central Index Key	865,752
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		190,356,702
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 434,769	$ 2,175,417
Short-term investments	44,319	744,610
Accounts receivable, net	465,708	352,955
TCCC Transaction receivable	125,000	125,000
Inventories	174,401	156,121
Prepaid expenses and other current assets	28,081	26,967
Prepaid income taxes	20,547	1,532
Total current assets	1,292,825	3,582,602
INVESTMENTS		15,348
PROPERTY AND EQUIPMENT, net	102,562	97,354
DEFERRED INCOME TAXES	261,319	261,310
GOODWILL	1,283,643	1,279,715
OTHER INTANGIBLE ASSETS, net	1,082,151	427,986
OTHER ASSETS	15,556	10,874
Total Assets	4,038,056	5,675,189
CURRENT LIABILITIES:
Accounts payable	183,084	144,763
Accrued liabilities	90,400	81,786
Accrued promotional allowances	144,419	115,530
Accrued distributor terminations	24,484	11,018
Deferred revenue	33,053	32,271
Accrued compensation	16,265	22,159
Income taxes payable	5,651	106,662
Total current liabilities	497,356	514,189
DEFERRED REVENUE	348,289	351,590
COMMITMENTS AND CONTINGENCIES (Note 11)
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 240,000 shares authorized; 207,298 shares issued and 190,341 shares outstanding as of June 30, 2016; 207,019 shares issued and 202,900 outstanding as of December 31, 2015	1,036	1,035
Additional paid-in capital	4,021,613	3,991,857
Retained earnings	1,742,960	1,394,863
Accumulated Other Comprehensive Income (Loss), Net of Tax	(14,477)	(21,878)
Common stock in treasury, at cost; 16,957 shares and 4,119 shares as of June 30, 2016 and December 31, 2015, respectively	(2,558,721)	(556,467)
Total stockholders' equity	3,192,411	4,809,410
Total Liabilities and Stockholders' Equity	$ 4,038,056	$ 5,675,189

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Jun. 30, 2016	Dec. 31, 2015
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$ 0.005	$ 0.005
Common stock, shares authorized	240,000	240,000
Common stock, shares issued	207,298	207,019
Common stock, shares outstanding	190,341	202,900
Common stock in treasury, shares	16,957	4,119

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
NET SALES	$ 827,488	$ 693,722	$ 1,507,674	$ 1,320,512
COST OF SALES	309,674	299,214	566,762	557,048
GROSS PROFIT	517,814	394,508	940,912	763,464
OPERATING EXPENSES	229,291	189,839	397,675	551,167
GAIN ON SALE OF MONSTER NON-ENERGY		161,470		161,470
OPERATING INCOME	288,523	366,139	543,237	373,767
INTEREST and OTHER (EXPENSE) INCOME, net	(222)	(1,015)	386	218
INCOME BEFORE PROVISION FOR INCOME TAXES	288,301	365,124	543,623	373,985
PROVISION FOR INCOME TAXES	104,082	136,120	195,526	140,568
NET INCOME	$ 184,219	$ 229,004	$ 348,097	$ 233,417
NET INCOME PER COMMON SHARE:
Basic (in dollars per share)	$ 0.92	$ 1.29	$ 1.72	$ 1.35
Diluted (in dollars per share)	$ 0.90	$ 1.26	$ 1.69	$ 1.31
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS:
Basic (in shares)	200,979	176,985	201,962	173,447
Diluted (in shares)	204,968	181,417	205,948	177,998

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income, as reported	$ 184,219	$ 229,004	$ 348,097	$ 233,417
Other comprehensive income (loss):
Change in foreign currency translation adjustment	966	2,360	7,401	(7,620)
Other comprehensive income (loss)	966	2,360	7,401	(7,620)
Comprehensive income	$ 185,185	$ 231,364	$ 355,498	$ 225,797

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 348,097	$ 233,417
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	19,329	13,249
Gain on disposal of property and equipment	(120)	(108)
Gain on sale of Monster Non-Energy		(161,470)
Stock-based compensation	21,590	14,837
Deferred income taxes	(13)	156,710
Effect on cash of changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable	(103,303)	(95,235)
Distributor receivables	(1,716)	191
Inventories	11,613	(28,919)
Prepaid expenses and other current assets	(2,515)	(3,322)
Prepaid income taxes	(18,694)	(84,147)
Accounts payable	35,005	72,124
Accrued liabilities	6,780	12,482
Accrued promotional allowances	27,238	18,038
Accrued distributor terminations	13,822	64,767
Accrued compensation	(6,077)	(3,493)
Income taxes payable	(100,728)	(7,533)
Deferred revenue	(2,753)	(40,792)
Net cash provided by operating activities	247,555	160,796
CASH FLOWS FROM INVESTING ACTIVITIES:
Maturities of held-to-maturity investments	868,304	480,281
Sales of available-for-sale investments		100
Sales of trading investments		725
Proceeds from transfer of distribution rights to TCCC		179,658
Proceeds from the sale of Monster Non-Energy		198,008
Purchases of held-to-maturity investments	(152,664)	(944,193)
Purchases of property and equipment	(17,813)	(15,827)
Proceeds from sale of property and equipment	541	161
Purchases of AFF Assets, net	(688,485)
Increase in intangibles	(4,881)	(3,566)
Decrease in other assets	(2,377)	(1,214)
Net cash provided by (used in) investing activities	2,625	(105,867)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on debt	(1,099)	(530)
Issuance of common stock	8,167	1,689,120
Purchases of common stock held in treasury	(2,002,254)	(412,217)
Net cash (used in) provided by financing activities	(1,995,186)	1,276,373
Effect of exchange rate changes on cash and cash equivalents	4,358	(5,330)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(1,740,648)	1,325,972
CASH AND CASH EQUIVALENTS, beginning of period	2,175,417	370,323
CASH AND CASH EQUIVALENTS, end of period	434,769	1,696,295
Cash paid during the period for:
Interest	34	12
Income taxes	$ 315,177	$ 76,285

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Capital leases for the acquisition of promotional vehicles	$ 1.9	$ 0.9
Treasury Stock, Shares, Retired		41,500,000
Coca-Cola Transaction Asset Transfer Agreement | TCCC
Number of shares issued for acquisition		11,800,000

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2016
BASIS OF PRESENTATION
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION Reference is made to the Notes to Consolidated Financial Statements, in Monster Beverage Corporation and Subsidiaries (the “Company”) Annual Report on Form 10-K for the year ended December 31, 2015 (“Form 10-K”) for a summary of significant accounting policies utilized by the Company and its consolidated subsidiaries and other disclosures, which should be read in conjunction with this Quarterly Report on Form 10-Q (“Form 10-Q”). The Company’s condensed consolidated financial statements included in this Form 10-Q have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and Securities and Exchange Commission (“SEC”) rules and regulations applicable to interim financial reporting. They do not include all the information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP. The information set forth in these interim condensed consolidated financial statements for the three- and six-months ended June 30, 2016 and 2015 is unaudited and reflects all adjustments, which include only normal recurring adjustments and which in the opinion of management are necessary to make the interim condensed consolidated financial statements not misleading. Results of operations for periods covered by this report may not necessarily be indicative of results of operations for the full year. The preparation of financial statements in conformity with GAAP necessarily requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates. During the second quarter of 2016, the Company renamed and revised its reportable segments to reflect management’s current view of the business and to align its external financial reporting with its operating and internal financial model. Historical segment information has been revised to reflect the effect of this change. See Note 17 for additional information about the Company’s reporting segments.

ACQUISITIONS AND DIVESTITURES

ACQUISITIONS AND DIVESTITURES	6 Months Ended
	Jun. 30, 2016
ACQUISITIONS AND DIVESTITURES
ACQUISITIONS AND DIVESTITURES	2. ACQUISITIONS AND DIVESTITURES American Fruits & Flavors On April 1, 2016, the Company completed its acquisition of flavor supplier and long-time business partner American Fruits & Flavors (“AFF”), in an asset acquisition that brought the Company’s primary flavor supplier in-house, secured the intellectual property of the Company’s most important flavors in perpetuity and further enhanced its flavor development and global flavor footprint capabilities (the “AFF Transaction”). Pursuant to the terms of the AFF Transaction, the Company purchased AFF for $688.5 million in cash. The Company accounted for the AFF Transaction in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805 “Business Combinations”. The following table summarizes the AFF Transaction consideration preliminary fair value allocations: Identifiable Assets Acquired and Liabilities Assumed Consideration Transferred Intangibles - flavor formulas (non-amortizing) ¹ $ $ - Intangibles - flavor formulas (amortizing) - Intangibles - customer relationships (amortizing) - Intangibles - trademarks (amortizing) - Intangibles - other (amortizing) - Working capital (excluding inventory) - Inventory - Property and equipment, net - Favorable leases - Goodwill - Cash - Total $ $ 1 Represents proprietary formulas for the Company’s principal products. The fair value analysis has yet to progress to a stage where there is sufficient information for a definitive measurement of the respective fair values. Accordingly, the respective fair value allocations are preliminary and are based on valuations derived from estimated fair value assumptions used by management. The Company expects to complete its fair value analysis at a level of detail necessary to finalize the underlying fair value allocation as soon as practicable, but no later than twelve months from the closing of the AFF Transaction. The Company determined the estimated fair values as follows: · Flavor formulas (non-amortizing) – multi-period excess earnings method · Flavor formulas (amortizing) – replacement cost method · Customer relationships – multi-period excess earnings method · Trademarks – relief-from-royalty method · Inventory – comparative sales method and replacement cost method · Property and equipment, net – replacement cost method · Favorable leases – discounted cash flow method The preliminary book value of the working capital (excluding inventory) approximates fair value. The Company has determined goodwill in accordance with ASC 805-30-30-1, “Business Combinations,” which requires the recognition of goodwill for the excess of the aggregate consideration over the net amounts of identifiable assets acquired and liabilities assumed as of the acquisition date. For tax purposes, the AFF Transaction was recorded as an asset purchase. As such, the Company received a step-up in tax basis of the AFF assets, net, equal to the purchase price. In accordance with Regulation S-X, pro forma unaudited condensed financial information for the AFF Transaction has not been provided as the impact of the transaction on the Company’s financial position, results of operations and liquidity was not material. The Coca-Cola Company On June 12, 2015, the Company completed the transactions contemplated by the definitive agreements entered into with The Coca-Cola Company (“TCCC”) on August 14, 2014 (the “TCCC Transaction”), which provided for a long-term strategic relationship in the global energy drink category. In consequence of the TCCC Transaction, (1) the Company issued to TCCC 34,040,534 newly issued Company common shares representing approximately 16.7% of the total number of outstanding Company common shares (after giving effect to such issuance) at such time and TCCC appointed two individuals to the Company’s Board of Directors, (2) TCCC transferred all of its rights in and to TCCC’s worldwide energy drink business (“KO Energy”) to the Company, (3) the Company transferred all of its rights in and to its non-energy drink business (“Monster Non-Energy”) to TCCC, (4) the Company and TCCC amended the distribution coordination agreements previously existing between them to govern the transition of third parties’ rights to distribute the Company’s energy products in most territories in the United States (“U.S.”) to members of TCCC’s distribution network, which consists of owned or controlled bottlers/distributors and independent bottling/distribution partners, and (5) TCCC and one of its subsidiaries made an aggregate net cash payment to the Company of $2.15 billion, $125.0 million of which was held in escrow through June 17, 2016, subject to release upon the achievement of milestones relating to the transition of distribution rights to TCCC’s distribution network. Under the terms of the escrow agreement and the transition payment agreement entered into in connection therewith, if the distribution rights in the U.S. transitioned to TCCC’s distribution network represented case sales in excess of the following percentages of a target case sale amount agreed to by the parties, amounts in the escrow fund in excess of the applicable amounts below would be released to the Company: Percentage Transitioned Escrow Release 40% Amounts in excess of $375 million 50% Amounts in excess of $312.5 million 60% Amounts in excess of $250 million 70% Amounts in excess of $187.5 million 80% Amounts in excess of $125 million 90% Amounts in excess of $62.5 million 95% All remaining amounts As of June 30, 2016, distribution rights in the U.S. representing approximately 89% of the target case sales had been transitioned to TCCC’s distribution network. As a result, on the one-year anniversary of the closing of the TCCC Transaction, the then-remaining escrow amount of $125 million was released to TCCC. Going forward TCCC will directly pay to the Company the amounts described above that become payable as a result of future target case sale transitions. The Company expects to transition sufficient additional distribution rights to receive all such amounts. The following unaudited pro forma condensed combined financial information is presented as if the TCCC Transaction had closed on January 1, 2015: Three-Months Ended June 30, 2015 Pro Forma Adjustments Monster Beverage Corporation as reported ¹ KO Energy ² Disposal of Monster Non- Energy ³ Other Pro Forma Combined Net sales $ $ $ $ $ Net income Six-Months Ended June 30, 2015 Pro Forma Adjustments Monster Beverage Corporation as reported ¹ KO Energy ² Disposal of Monster Non- Energy ³ Other Pro Forma Combined Net sales $ $ $ $ $ Net income 1 Includes net sales of $13.0 million and net income of $5.8 million related to the acquired KO Energy assets from June 12, 2015 (the date of acquisition) through June 30, 2015. 2 Includes results through June 12, 2015, the date the TCCC Transaction was finalized. The $41.1 million and $100.6 million of net income for KO Energy for the three- and six-months ended June 30, 2015, respectively, is presented before tax. The associated estimated provision for income taxes is included in the “Other” category. 3 Includes results through June 12, 2015. Net income includes the gain recognized on the sale of Monster Non-Energy of $161.5 million. Pro-Forma Adjustments – Other include the following: Three-Months Ended June 30, 2015 Six-Months Ended June 30, 2015 Net sales: Amortization of deferred revenue $ $ Net income: Amortization of deferred revenue $ $ To record sales commissions To record amortization of definite lived KO Energy intangibles To eliminate TCCC Transaction expenses Estimated provision for income taxes on pro forma adjustments Estimated provision for income taxes on KO Energy income Total $ $ For purposes of the unaudited pro forma financial information, a combined U.S. Federal and state statutory tax rate of 38.5% has been used. This rate does not reflect the Company’s expected effective tax rate, which includes other tax charges and benefits, and does not take into account any historical or possible future tax events that may impact the combined company. The unaudited pro forma financial information is presented for information purposes only and is not intended to represent or be indicative of the combined results of operations that the Company would have reported had the TCCC Transaction been completed as of the date and for the periods presented, and should not be taken as representative of the Company’s consolidated results of operations following the completion of the TCCC Transaction. In addition, the unaudited pro forma financial information is not intended to project the future financial results of operations of the combined company. The unaudited pro forma combined financial information does not reflect any cost savings, operational synergies or revenue enhancements that the combined company may achieve as a result of the TCCC Transaction, or the costs to combine the operations or costs necessary to achieve cost savings, operating synergies and revenue enhancements.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2016
RECENT ACCOUNTING PRONOUNCEMENTS.
RECENT ACCOUNTING PRONOUNCEMENTS	3. RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. The accounting standard changes the methodology for measuring credit losses on financial instruments and the timing when such losses are recorded. ASU No. 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. Early adoption is permitted for fiscal years, and interim periods within those years, beginning after December 15, 2018. The Company is currently evaluating the impact of ASU No. 2016-13 on its financial position, results of operations and liquidity. In March 2016, the FASB issued ASU No. 2016-09, “Compensation - Stock Compensation: Improvements to Employee Share-Based Payment Accounting”, which changes how companies account for certain aspects of share-based payments to employees. The new guidance identifies areas for simplification involving several aspects of accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, and certain classifications on the statement of cash flows. The update is effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual reporting periods with early application permitted. The Company early adopted the standards update effective January 1, 2016, electing (i) retrospective adjustment in the statement of cash flows and (ii) continued recognition of stock compensation based on estimated forfeitures. For the six-months ended June 30, 2015, each of net cash provided by operating activities and net cash used in financing activities increased by $300.3 million, respectively, as a result of such retrospective adjustment. For the three-and six-months ended June 30, 2016, the Company recorded $2.0 million and $3.6 million of excess tax benefits in net income that previously would have been recorded in additional paid-in-capital. The adoption of ASU No. 2016-09 did not have a material impact on the Company’s financial position, results of operations or liquidity. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”. This update is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This update is effective for annual and interim reporting periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of ASU No. 2016-02 on its financial position, results of operations and liquidity. In November 2015, the FASB issued ASU No. 2015-17, “Income Taxes (Topic 740), Balance Sheet Classification of Deferred Taxes”. The amendments under the new guidance require that deferred tax liabilities and assets be classified as noncurrent in the classified balance sheets. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted for all entities as of the beginning of an interim or annual reporting period. The Company adopted the standards update effective December 31, 2015, electing to apply it retrospectively to all periods presented. In July 2015, the FASB issued ASU No. 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory”. ASU No. 2015-11 requires entities to measure inventory at the lower of cost or net realizable value. Net realizable value is defined as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. ASU No. 2015-11 is effective for annual periods, and interim periods within those years, beginning after December 15, 2016. Early adoption is permitted. The adoption of ASU No. 2015-11 is not expected to have a material impact on the Company’s financial position, results of operations or liquidity. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers”, which supersedes previous revenue recognition guidance. ASU No. 2014-09 requires that a company recognize revenue at an amount that reflects the consideration to which the company expects to be entitled in exchange for transferring goods or services to a customer. In applying the new guidance, a company will (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the contract’s performance obligations; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. ASU No. 2014-09 was to be effective for reporting periods beginning after December 15, 2016. However, on July 9, 2015, the FASB voted to approve a one-year deferral of the effective date. This new guidance is effective for the Company beginning January 1, 2018 and can be adopted using either a full retrospective or modified approach. The Company is currently evaluating the impact of ASU No. 2014-09 on its financial position, results of operations and liquidity.

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 30, 2016
INVESTMENTS
INVESTMENTS	4. INVESTMENTS The following table summarizes the Company’s investments at: June 30, 2016 Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value Continuous Unrealized Loss Position less than 12 Months Continuous Unrealized Loss Position greater than 12 Months Held-to-Maturity Short-term: Commercial paper $ - $ - $ - $ - $ - $ - Municipal securities - U.S. government agency securities - - - - - - U.S. Treasuries - - - - - - Long-term: Municipal securities - - - - - - Total $ $ $ $ $ $ - December 31, 2015 Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value Continuous Unrealized Loss Position less than 12 Months Continuous Unrealized Loss Position greater than 12 Months Held-to-Maturity Short-term: Commercial paper $ $ - $ - $ $ - $ - Municipal securities - U.S. government agency securities - - U.S. Treasuries - - Long-term: Municipal securities - - U.S. government agency securities - - Total $ $ $ $ $ $ - During the three- and six-months ended June 30, 2016 and 2015, realized gains or losses recognized on the sale of investments were not significant. The Company’s investments at June 30, 2016 and December 31, 2015 in commercial paper, U.S. Treasuries, municipal securities and U.S. government agency securities carried investment grade credit ratings. The following table summarizes the underlying contractual maturities of the Company’s investments at: June 30, 2016 December 31, 2015 Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: Commercial paper $ - $ - $ $ Municipal securities U.S. government agency securities - - U.S. Treasuries - - Due 1 -10 years: Municipal securities - - U.S. government agency securities - - Due 11 - 20 years: Municipal securities - - - - Total $ $ $ $

FAIR VALUE OF CERTAIN FINANCIAL

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	6 Months Ended
	Jun. 30, 2016
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	5. FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES ASC 820 provides a framework for measuring fair value and requires disclosures regarding fair value measurements. ASC 820 defines fair value as the price that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The three levels of inputs required by the standard that the Company uses to measure fair value are summarized below. · Level 1: Quoted prices in active markets for identical assets or liabilities. · Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. · Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. ASC 820 requires the use of observable market inputs (quoted market prices) when measuring fair value and requires a Level 1 quoted price to be used to measure fair value whenever possible. The following tables present the Company’s held-to-maturity investments at amortized cost and the fair value of the Company’s financial assets and liabilities that are recorded at fair value on a recurring basis, segregated among the appropriate levels within the fair value hierarchy at: June 30, 2016 Level 1 Level 2 Level 3 Total Cash $ $ - $ - $ Money market funds - - Certificates of deposit - - - - Commercial paper - - - - U.S. Treasuries - - - - Municipal securities - - U.S. government agency securities - - - - Foreign currency derivatives - ) - ) Total $ $ $ - $ Amounts included in: Cash and cash equivalents $ $ $ - $ Short-term investments - - Accounts receivable, net - - Investments - - - - Accrued liabilities - ) - ) Total $ $ $ - $ December 31, 2015 Level 1 Level 2 Level 3 Total Cash $ $ - $ - $ Money market funds - - Certificates of deposit - - Commercial paper - - U.S. Treasuries - - Municipal securities - - U.S. government agency securities - - Foreign currency derivatives - ) - ) Total $ $ $ - $ Amounts included in: Cash and cash equivalents $ $ $ - $ Short-term investments - - Accounts receivable, net - - Investments - - Accrued liabilities - ) - ) Total $ $ $ - $ All of the Company’s short-term investments are classified within Level 1 or Level 2 of the fair value hierarchy. The Company’s valuation of its Level 1 investments, which include money market funds, is based on quoted market prices in active markets for identical securities. The Company’s valuation of its Level 2 investments, which include municipal securities at June 30, 2016 and commercial paper, U.S. Treasuries, certificates of deposit, municipal securities and U.S. government agency securities at December 31, 2015, is based on other observable inputs, specifically a market approach which utilizes valuation models, pricing systems, mathematical tools and other relevant information for the same or similar securities. The Company’s valuation of its Level 2 foreign exchange contracts is based on quoted market prices of the same or similar instruments, adjusted for counterparty risk. There were no transfers between Level 1 and Level 2 measurements during the six-months ended June 30, 2016 or the year ended December 31, 2015, and there were no changes in the Company’s valuation techniques.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	6 Months Ended
	Jun. 30, 2016
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	6. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES The Company is exposed to foreign currency exchange rate risks related primarily to its foreign business operations. During the six-months ended June 30, 2016 and the year ended December 31, 2015, the Company entered into forward currency exchange contracts with financial institutions to create an economic hedge to specifically manage a portion of the foreign exchange risk exposure associated with certain consolidated subsidiaries’ non-functional currency denominated assets and liabilities. All foreign currency exchange contracts of the Company that were outstanding as of June 30, 2016 have terms of one month or less. The Company does not enter into forward currency exchange contracts for speculation or trading purposes. The Company has not designated its foreign currency exchange contracts as hedge transactions under ASC 815. Therefore, gains and losses on the Company’s foreign currency exchange contracts are recognized in interest and other (expense) income, net, in the condensed consolidated statements of income, and are largely offset by the changes in the fair value of the underlying economically hedged item. The notional amount and fair value of all outstanding foreign currency derivative instruments in the condensed consolidated balance sheets consist of the following at: June 30, 2016 Derivatives not designated as hedging instruments under FASB ASC 815-20 Notional Amount Fair Value Balance Sheet Location Assets: Foreign currency exchange contracts: Receive USD/pay GBP $ $ Accounts receivable, net Receive EUR/pay USD Accounts receivable, net Receive SGD/pay USD Accounts receivable, net Liabilities: Foreign currency exchange contracts: Receive USD/pay AUD $ $ Accrued liabilities Receive USD/pay MXN Accrued liabilities Receive USD/pay ZAR Accrued liabilities Receive USD/pay NZD Accrued liabilities Receive USD/pay BRL Accrued liabilities Receive USD/pay COP Accrued liabilities December 31, 2015 Derivatives not designated as hedging instruments under FASB ASC 815-20 Notional Amount Fair Value Balance Sheet Location Assets: Foreign currency exchange contracts: Receive USD/pay GBP $ $ Accounts receivable, net Receive USD/pay ZAR Accounts receivable, net Receive USD/pay RUB Accounts receivable, net Receive USD/pay BRL Accounts receivable, net Receive USD/pay COP Accounts receivable, net Liabilities: Foreign currency exchange contracts: Receive EUR/pay USD $ $ Accrued liabilities Receive USD/pay AUD Accrued liabilities Receive USD/pay CAD Accrued liabilities Receive USD/pay JPY Accrued liabilities Receive USD/pay MXN Accrued liabilities Receive SGD/pay USD Accrued liabilities Receive USD/pay NZD Accrued liabilities Receive USD/pay CLP Accrued liabilities The net gains (losses) on derivative instruments in the condensed consolidated statements of income were as follows: Amount of gain (loss) recognized in income on derivatives Three-months ended Derivatives not designated as hedging instruments under FASB ASC 815-20 Location of gain (loss) recognized in income on derivatives June 30, 2016 June 30, 2015 Foreign currency exchange contracts Interest and other (expense) income, net $ $ Amount of gain (loss) recognized in income on derivatives Six-months ended Derivatives not designated as hedging instruments under FASB ASC 815-20 Location of gain (loss) recognized in income on derivatives June 30, 2016 June 30, 2015 Foreign currency exchange contracts Interest and other (expense) income, net $ $

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2016
INVENTORIES
INVENTORIES	7. INVENTORIES Inventories consist of the following at: June 30, 2016 December 31, 2015 Raw materials $ $ Finished goods $ $

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	6 Months Ended
	Jun. 30, 2016
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, Net	8. PROPERTY AND EQUIPMENT, NET Property and equipment consist of the following at: June 30, 2016 December 31, 2015 Land $ $ Leasehold improvements Furniture and fixtures Office and computer equipment Computer software Equipment Buildings Vehicles Less: accumulated depreciation and amortization $ $

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2016
GOODWILL AND OTHER INTANGIBLE ASSETS.
GOODWILL AND OTHER INTANGIBLE ASSETS	9. GOODWILL AND OTHER INTANGIBLE ASSETS The following is a roll-forward of goodwill for the six-months ended June 30, 2016 by reportable segment: Monster Energy® Drinks Strategic Brands Other Total Balance at December 31, 2015 $ $ $ - $ Acquisitions - - Balance at June 30, 2016 $ $ $ - $ Intangible assets consist of the following at: June 30, 2016 December 31, 2015 Amortizing intangibles $ $ Accumulated amortization Non-amortizing intangibles $ $ Amortizing intangibles primarily consist of customer relationships. All amortizing intangibles have been assigned an estimated finite useful life and such intangibles are amortized on a straight-line basis over the number of years that approximate their respective useful lives, generally five to seven years. Total amortization expense recorded was $2.9 million and $0.3 million for the three-months ended June 30, 2016 and 2015, respectively. Total amortization expense recorded was $4.6 million and $0.3 million for the six-months ended June 30, 2016 and 2015, respectively.

DISTRIBUTION AGREEMENTS

DISTRIBUTION AGREEMENTS	6 Months Ended
	Jun. 30, 2016
DISTRIBUTION AGREEMENTS
DISTRIBUTION AGREEMENTS	10. DISTRIBUTION AGREEMENTS In accordance with ASC No. 420 “Exit or Disposal Cost Obligations”, the Company expenses distributor termination costs in the period in which the written notification of termination occurs. The Company incurred termination costs of $25.3 million and $12.2 million for the three-months ended June 30, 2016 and 2015, respectively. The Company incurred termination costs of $28.7 million and $218.2 million for the six-months ended June 30, 2016 and 2015, respectively. Such termination costs have been expensed in full and are included in operating expenses for the three- and six-months ended June 30, 2016 and 2015. In the normal course of business, amounts received pursuant to new and/or amended distribution agreements entered into with certain distributors, relating to the costs associated with terminating agreements with the Company’s prior distributors, are accounted for as deferred revenue and are recognized as revenue ratably over the anticipated life of the respective distribution agreement, generally 20 years. Revenue recognized was $12.1 million and $3.2 million for the three-months ended June 30, 2016 and 2015, respectively. Revenue recognized was $20.2 million and $46.5 million for the six-months ended June 30, 2016 and 2015, respectively. Included in the $12.1 million and $20.2 million of revenue recognized for the three- and six-months ended June 30, 2016 was $5.0 million related to the accelerated amortization of the deferred revenue balances associated with certain of the Company’s prior distributors who were sent notices of termination during the second quarter of 2016. There was no acceleration of deferred revenue in the three-months ended June 30, 2015. Included in the $46.5 million of revenue recognized for the six-months ended June 30, 2015 was $39.8 million related to the accelerated amortization of the deferred revenue balances associated with certain of the Company’s prior distributors who were sent notices of termination during the first quarter of 2015.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2016
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	11. COMMITMENTS AND CONTINGENCIES The Company had purchase commitments aggregating approximately $29.0 million at June 30, 2016, which represented commitments made by the Company and its subsidiaries to various suppliers of raw materials for the production of its products. These obligations vary in terms, but are generally satisfied within one year. The Company had contractual obligations aggregating approximately $136.7 million at June 30, 2016, which related primarily to sponsorships and other marketing activities. The Company had operating lease commitments aggregating approximately $20.3 million at June 30, 2016, which related primarily to warehouse and office space. In July 2016, we entered into an agreement to acquire an approximately 75,425 square foot, free standing, three-story office building, including the real property thereunder and improvements thereon, located in Corona, CA adjacent to our current corporate headquarters, for a purchase price of approximately $12.6 million. The purchase is subject to various conditions precedent that must be satisfied prior to the closing. If we ultimately acquire the building, we intend to complete any necessary improvements and occupy the building as an extension of our existing corporate headquarters at some time in the future. In February 2016, the Company entered into an agreement to acquire approximately 49 acres of land, located in Rialto, CA, for a purchase price of approximately $39.0 million. The purchase is subject to various conditions precedent that must be satisfied prior to the closing. If the Company ultimately acquires the land, it intends to build an approximately 1,000,000 square-foot building to replace its current leased warehouse and distribution space located in Corona, CA. Legal Proceedings Litigation - The Company has been named a defendant in numerous personal injury lawsuits, claiming that the death or other serious injury of the plaintiffs was caused by consumption of Monster Energy® brand energy drinks. The plaintiffs in these lawsuits allege strict product liability, negligence, fraudulent concealment, breach of implied warranties and wrongful death. The Company believes that each complaint is without merit and plans a vigorous defense. The Company also believes that any damages, if awarded, would not have a material adverse effect on the Company’s financial position or results of operations. State Attorney General Inquiry – In July 2012, the Company received a subpoena from the Attorney General for the State of New York in connection with its investigation concerning the Company’s advertising, marketing, promotion, ingredients, usage and sale of its Monster Energy® brand energy drinks. Production of documents pursuant to that subpoena was completed in approximately May 2014. On August 6, 2014, the Attorney General for the State of New York issued a second subpoena seeking additional documents and the deposition of a Company employee. On September 8, 2014, the Company moved to quash the second subpoena in the Supreme Court, New York County. The motion was fully briefed and was argued on March 17, 2015. No decision has been rendered. It is unknown what, if any, action the state attorney general may take against the Company, the relief which may be sought in the event of any such proceeding or whether such proceeding could have a material adverse effect on the Company’s business, financial condition or results of operations. San Francisco City Attorney Litigation – On October 31, 2012, the Company received a written request for information from the City Attorney for the City and County of San Francisco concerning the Company’s advertising and marketing of its Monster Energy® brand energy drinks and specifically concerning the safety of its products for consumption by adolescents. In a letter dated March 29, 2013, the San Francisco City Attorney threatened to bring suit against the Company if it did not agree to take the following five steps immediately: (i) “Reformulate its products to lower the caffeine content to safe levels”; (ii) “Provide adequate warning labels”; (iii) “Cease promoting over-consumption in marketing”; (iv) “Cease use of alcohol and drug references in marketing” and (v) “Cease targeting minors.” (i) The Company Action – On April 29, 2013, the Company and its wholly-owned subsidiary, Monster Energy Company, filed a complaint for declaratory and injunctive relief against the San Francisco City Attorney (the “Company Action”) in United States District Court for the Central District of California (the “Central District Court”), styled Monster Beverage Corp., et al. v. Dennis Herrera . The Company sought a declaration from the Central District Court that the San Francisco City Attorney’s investigation and demands are impermissible and preempted, subject to the doctrine of primary jurisdiction, are unconstitutional in that they violate the First and Fourteenth Amendments’ prohibitions against compelled speech, content-based speech and commercial speech, are impermissibly void-for-vagueness and/or violate the Commerce Clause. On June 3, 2013, the City Attorney filed a motion to dismiss the Company Action, arguing in part that the complaint should be dismissed in light of the San Francisco Action (described below) filed on May 6, 2013. On August 22, 2013, the Central District Court granted in part and denied in part the City Attorney’s motion. On October 17, 2013, the City Attorney filed a renewed motion to dismiss the Company Action and on December 16, 2013, the Central District Court granted the City Attorney’s renewed motion, dismissing the Company Action. The Company filed a Notice of Appeal to the Ninth Circuit on December 18, 2013 and on May 17, 2016, the Ninth Circuit affirmed the Central District Court’s order. (ii) The San Francisco Action – On May 6, 2013, the San Francisco City Attorney filed a complaint for declaratory and injunctive relief, civil penalties and restitution for alleged violation of California’s Unfair Competition Law, Business & Professions Code sections 17200, et seq., styled People Of The State Of California ex rel. Dennis Herrera, San Francisco City Attorney v. Monster Beverage Corporation , in San Francisco Superior Court (the “San Francisco Action”). The City Attorney alleges that the Company (1) mislabeled its products as a dietary supplement, in violation of California’s Sherman Food, Drug and Cosmetic Law, California Health & Safety Code sections 109875, et. seq .; (2) is selling an “adulterated” product because caffeine is not generally recognized as safe due to the alleged lack of scientific consensus concerning the safety of the levels of caffeine in the Company’s products and (3) is engaged in unfair and misleading business practices because its marketing (a) does not disclose the health risks that energy drinks pose for children and teens, (b) fails to warn against and promotes unsafe consumption, (c) implicitly promotes mixing of energy drinks with alcohol or drugs and (d) is deceptive because it includes unsubstantiated claims about the purported special benefits of its “killer” ingredients and “energy blend.” The City Attorney sought a declaration that the Company has engaged in unfair and unlawful business acts and practices in violation of the Unfair Competition Law, an injunction from performing or proposing to perform any acts in violation of the Unfair Competition Law, restitution and civil penalties. After a motion to strike filed by the Company was granted in part, on March 20, 2014, the City Attorney filed an amended complaint, adding allegations supporting the theory for relief as to which the Court had granted the motion to strike. On April 18, 2014, the Company filed a renewed motion to strike, as well as a motion asking the Court to bifurcate and/or stay claims relating to the safety of Monster Energy® brand energy drinks, pending resolution of the ongoing U.S. Food and Drug Administration (“FDA”) investigation of the safety and labeling of food products to which caffeine is added. On May 22, 2014, the Court denied the Company’s motion to strike and motion to bifurcate and/or stay claims relating to safety. On September 5, 2014, the City Attorney filed a second amended complaint, adding Monster Energy Company as a defendant. The Company and Monster Energy Company filed answers to the second amended complaint on October 4, 2014 and November 10, 2014, respectively. Discovery is ongoing. The Court has set the case for a bench trial which is scheduled to take place April 10-17, 2017. The Company denies that it has violated the Unfair Competition Law or any other law and believes that the City Attorney’s claims and demands are preempted and unconstitutional, as alleged in the action the Company filed in the Central District Court. The Company intends to vigorously defend against this lawsuit. At this time, no evaluation of the likelihood of an unfavorable outcome or range of potential loss can be expressed. The actions or investigations described above have not progressed to a point where a reasonably possible range of losses associated with their ultimate outcome can be estimated at this time. If the final resolution of any such litigation or proceedings is unfavorable, the Company’s financial condition, operating results and cash flows could be materially affected. In addition to the above matters, the Company has been named as a defendant in various false advertising putative class actions and in a private attorney general action. In these actions, plaintiffs allege that defendants misleadingly labeled and advertised Monster Energy® brand products that allegedly were ineffective for the advertised benefits (including, but not limited to, an allegation that the products do not hydrate as advertised because they contain caffeine). The plaintiffs further allege that the Monster Energy® brand products at issue are unsafe because they contain one or more ingredients that allegedly could result in illness, injury or death. In connection with these product safety allegations, the plaintiffs claim that the product labels did not provide adequate warnings and/or that the Company did not include sufficiently specific statements with respect to contra-indications and/or adverse reactions associated with the consumption of its energy drink products (including, but not limited to, claims that certain ingredients, when consumed individually or in combination with other ingredients, could result in high blood pressure, palpitations, liver damage or other negative health effects and/or that the products themselves are unsafe). Based on these allegations, the plaintiffs assert claims for violation of state consumer protection statutes, including unfair competition and false advertising statutes, and for breach of warranty and unjust enrichment. In their prayers for relief, the plaintiffs seek, inter alia, compensatory and punitive damages, restitution, attorneys’ fees and, in some cases, injunctive relief. The Company regards these cases and allegations as having no merit. Furthermore, the Company is subject to litigation from time to time in the normal course of business, including intellectual property litigation and claims from terminated distributors. Although it is not possible to predict the ultimate outcome of such litigation, based on the facts known to the Company, management believes that such litigation in the aggregate will likely not have a material adverse effect on the Company’s financial position or results of operations. The Company evaluates, on a quarterly basis, developments in legal proceedings and other matters that could cause an increase or decrease in the amount of the liability that is accrued, if any, or in the amount of any related insurance reimbursements recorded. As of June 30, 2016, the Company’s condensed consolidated balance sheet includes accrued loss contingencies of approximately $0.3 million.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Jun. 30, 2016
ACCUMULATED OTHER COMPREHENSIVE LOSS.
ACCUMULATED OTHER COMPREHENSIVE LOSS	12. ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in accumulated other comprehensive loss by component, after tax, for the six-months ended June 30, 2016 are as follows: Currency Translation Losses Balance at December 31, 2015 $ Other comprehensive (gain) before reclassifications - Amounts reclassified from accumulated other comprehensive loss - Net current-period other comprehensive (gain) Balance at June 30, 2016 $

TREASURY STOCK

TREASURY STOCK	6 Months Ended
	Jun. 30, 2016
TREASURY STOCK
TREASURY STOCK	13. TREASURY STOCK On April 28, 2016, the Board of Directors authorized the Company to commence a “modified Dutch auction” tender offer to repurchase up to $2.0 billion of its outstanding shares of common stock. The repurchase was authorized under the Company’s existing share repurchase authority and was funded with cash on hand. The Company commenced the tender offer in May 2016. On June 15, 2016, the Company accepted for payment an aggregate of 12,820,512 shares of common stock at a purchase price of $156.00 per share, for a total amount of $2.0 billion (excluding commissions), which exhausted the availability under all share repurchase plans. Such shares of common stock are included in common stock in treasury in the accompanying condensed consolidated balance sheet at June 30, 2016. During the three-months ended June 30, 2016, 1,585 shares of common stock were purchased from employees in lieu of cash payments for options exercised or withholding taxes due for a total amount of $0.2 million. While such purchases are considered common stock repurchases, they are not counted as purchases against the Company’s authorized share repurchase programs. Such shares are included in common stock in treasury in the accompanying condensed consolidated balance sheet at June 30, 2016.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2016
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	14. STOCK-BASED COMPENSATION The Company has two stock-based compensation plans under which shares were available for grant at June 30, 2016: the Monster Beverage Corporation 2011 Omnibus Incentive Plan and the 2009 Monster Beverage Corporation Stock Incentive Plan for Non-Employee Directors. The Company recorded $11.5 million and $8.5 million of compensation expense relating to outstanding options, restricted stock awards, stock appreciation rights and restricted stock units during the three-months ended June 30, 2016 and 2015, respectively. The Company recorded $21.6 million and $14.8 million of compensation expense relating to outstanding options, restricted stock awards, stock appreciation rights and restricted stock units during the six-months ended June 30, 2016 and 2015, respectively. The excess tax benefit for tax deductions from non-qualified stock option exercises, disqualifying dispositions of incentive stock options, vesting of restricted stock units and restricted stock awards for the three-months ended June 30, 2016 and 2015 was $2.0 million and $115.6 million, respectively. The excess tax benefit for tax deductions from non-qualified stock option exercises, disqualifying dispositions of incentive stock options, vesting of restricted stock units and restricted stock awards for the six-months ended June 30, 2016 and 2015 was $3.6 million and $300.3 million, respectively. As a result of the Company’s early adoption of ASU No. 2016-09 effective January 1, 2016, the Company recorded excess tax benefits of $2.0 million and $3.6 million in net income for the three- and six-months ended June 30, 2016. The excess tax benefits for the three- and six-months ended June 30, 2015 of $115.6 million and $300.3 million, respectively, were recorded in additional paid-in-capital. Stock Options Under the Company’s stock-based compensation plans, all stock options granted as of June 30, 2016 were granted at prices based on the fair value of the Company’s common stock on the date of grant. The Company records compensation expense for employee stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes-Merton option pricing formula with the assumptions included in the table below. The Company records compensation expense for non-employee stock options based on the estimated fair value of the options as of the earlier of (1) the date at which a commitment for performance by the non-employee to earn the stock option is reached or (2) the date at which the non-employee’s performance is complete, using the Black-Scholes-Merton option pricing formula with the assumptions included in the table below. The Company uses historical data to determine the exercise behavior, volatility and forfeiture rate of the options. The following weighted-average assumptions were used to estimate the fair value of options granted during: Three-Months Ended June 30, Six-Months Ended June 30, 2016 2015 2016 2015 Dividend yield Expected volatility Risk-free interest rate Expected term 6.4 years 5.8 years 6.3 years 5.8 years Expected Volatility : The Company uses historical volatility as it provides a reasonable estimate of the expected volatility. Historical volatility is based on the most recent volatility of the stock price over a period of time equivalent to the expected term of the option. Risk-Free Interest Rate : The risk-free interest rate is based on the U.S. Treasury zero coupon yield curve in effect at the time of grant for the expected term of the option. Expected Term : The Company’s expected term represents the weighted-average period that the Company’s stock options are expected to be outstanding. The expected term is based on expected time to post-vesting exercise of options by employees. The Company uses historical exercise patterns of previously granted options to derive employee behavioral patterns used to forecast expected exercise patterns. The following table summarizes the Company’s activities with respect to its stock option plans as follows: Options Number of Shares (In thousands) Weighted- Average Exercise Price Per Share Weighted- Average Remaining Contractual Term (In years) Aggregate Intrinsic Value Outstanding at January 1, 2016 $ $ Granted 01/01/16 - 03/31/16 $ Granted 04/01/16 - 06/30/16 $ Exercised $ Cancelled or forfeited $ Outstanding at June 30, 2016 $ $ Vested and expected to vest in the future at June 30, 2016 $ $ Exercisable at June 30, 2016 $ $ The weighted-average grant-date fair value of options granted during the three-months ended June 30, 2016 and 2015 was $52.33 per share and $49.72 per share, respectively. The weighted-average grant-date fair value of options granted during the six-months ended June 30, 2016 and 2015 was $50.66 per share and $50.14 per share, respectively. The total intrinsic value of options exercised during the three-months ended June 30, 2016 and 2015 was $10.9 million and $314.0 million, respectively. The total intrinsic value of options exercised during the six-months ended June 30, 2016 and 2015 was $21.4 million and $829.7 million, respectively. Cash received from option exercises under all plans for the three-months ended June 30, 2016 and 2015 was approximately $4.1 million and $22.7 million, respectively. Cash received from option exercises under all plans for the six-months ended June 30, 2016 and 2015 was approximately $8.1 million and $41.7 million, respectively. At June 30, 2016, there was $106.9 million of total unrecognized compensation expense related to non-vested options granted to employees under the Company’s share-based payment plans. That cost is expected to be recognized over a weighted-average period of 3.2 years. Restricted Stock Awards and Restricted Stock Units Stock-based compensation cost for restricted stock awards and restricted stock units is measured based on the closing fair market value of the Company’s common stock at the date of grant. In the event that the Company has the option and intent to settle a restricted stock unit in cash, the award is classified as a liability and revalued at each balance sheet date. The following table summarizes the Company’s activities with respect to non-vested restricted stock awards and non-vested restricted stock units as follows: Number of Shares (in thousands) Weighted Average Grant-Date Fair Value Non-vested at January 1, 2016 $ Granted 01/01/16- 03/31/16 $ Granted 04/01/16- 06/30/16 $ Vested $ Forfeited/cancelled $ Non-vested at June 30, 2016 $ The weighted-average grant-date fair value of restricted stock units and restricted stock awards granted during the three-months ended June 30, 2016 was $148.94 per share. No restricted stock units or restricted stock awards were granted during the three-months ended June 30, 2015. The weighted-average grant-date fair value of restricted stock units and restricted stock awards granted during the six-months ended June 30, 2016 and 2015 was $134.14 per share and $135.48 per share, respectively. As of June 30, 2016, 0.2 million of restricted stock units and restricted stock awards are expected to vest over their respective terms. At June 30, 2016, total unrecognized compensation expense relating to non-vested restricted stock awards and non-vested restricted stock units was $19.3 million, which is expected to be recognized over a weighted-average period of 2.0 years.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2016
INCOME TAXES
INCOME TAXES	15. INCOME TAXES The following is a roll-forward of the Company’s total gross unrecognized tax benefits, not including interest and penalties, for the six-months ended June 30, 2016: Gross Unrecognized Tax Benefits Balance at December 31, 2015 $ Additions for tax positions related to the current year - Additions for tax positions related to the prior year - Decreases related to settlement with taxing authority - Balance at June 30, 2016 $ The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes in the Company’s condensed consolidated financial statements. As of June 30, 2016, the Company had accrued approximately $0.2 million in interest and penalties related to unrecognized tax benefits. If the Company were to prevail on all uncertain tax positions, the resultant impact on the Company’s effective tax rate would not be significant. It is expected that the change in the amount of unrecognized tax benefits within the next 12 months will not be significant. The Company is subject to U.S. federal income tax as well as to income tax in multiple state and foreign jurisdictions. On August 7, 2015, the Internal Revenue Service (the “IRS”) began its examination of the Company’s U.S. federal income tax returns for the years ended December 31, 2012 and 2013. The Company is in various stages of examination with certain states and certain foreign jurisdictions. The 2012 through 2015 U.S. federal income tax returns are subject to examination by the IRS. State income tax returns are subject to examination for the 2011 through 2015 tax years.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2016
EARNINGS PER SHARE
EARNINGS PER SHARE	16. EARNINGS PER SHARE A reconciliation of the weighted-average shares used in the basic and diluted earnings per common share computations is presented below: Three-Months Ended Six-Months Ended June 30, June 30, 2016 2015 2016 2015 Weighted-average shares outstanding: Basic Dilutive Diluted For the three-months ended June 30, 2016 and 2015, options and awards outstanding totaling 2.0 million shares and 1.1 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive. For the six-months ended June 30, 2016 and 2015, options and awards outstanding totaling 1.6 million shares and 0.8 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2016
SEGMENT INFORMATION
SEGMENT INFORMATION	17. SEGMENT INFORMATION During the second quarter of 2016, the Company renamed and revised its reportable segments to reflect management’s current view of the business and to align its external financial reporting with its operating and internal financial model. Historical segment information has been revised to reflect the effect of this change. The Company has three operating and reportable segments, (i) Monster Energy® Drinks segment (“Monster Energy® Drinks”), which is comprised of the Company’s Monster Energy® drink products (previously the Finished Products segment), (ii) Strategic Brands (“Strategic Brands”), which include the various energy drink brands acquired from TCCC as a result of the TCCC Transaction (previously the Concentrate segment) and (iii) Other, (“Other”) the principal products of which include the brands disposed of as a result of the TCCC Transaction as well as certain products acquired as part of the AFF Transaction that are sold to independent third-parties. The Company’s Monster Energy® Drinks segment generates net operating revenues by selling ready-to-drink packaged energy drinks to full service beverage distributors, retail grocery and specialty chains, wholesalers, club stores, drug chains, mass merchandisers, convenience chains, health food distributors, food service customers and the military. The Company’s Strategic Brands segment primarily generates net operating revenues by selling “concentrates” and/or “beverage bases” to authorized bottling and canning operations. Such bottlers generally combine the concentrates and/or beverage bases with sweeteners and water, which are then filled in authorized containers bearing the Company’s respective trademarks and sold to customers directly (or in some cases through wholesalers or other bottlers). To a lesser extent, the Company’s Strategic Brands segment generates net operating revenues by selling ready-to-drink packaged energy drinks to full service beverage distributors, retail grocery and specialty chains, wholesalers, club stores, drug chains, mass merchandisers, convenience chains, health food distributors, food service customers and the military. Generally, the Monster Energy® Drinks segment generates higher per case net operating revenues, but lower per case gross profit margins than the Strategic Brands segment. Corporate and unallocated amounts that do not relate to a reportable segment have been allocated to “Corporate & Unallocated.” No asset information, other than goodwill and other intangible assets, has been provided for in the Company’s reportable segments as management does not measure or allocate such assets on a segment basis. The net revenues derived from the Company’s reportable segments and other financial information related thereto for the three- and six-months ended June 30, 2016 and 2015 are as follows: Three-Months Ended Six-Months Ended June 30, June 30, 2016 2015 2016 2015 Net sales: Monster Energy® Drinks (1) $ $ $ $ Strategic Brands Other Corporate and unallocated - - - - $ $ $ $ Three-Months Ended Six-Months Ended June 30, June 30, 2016 2015 2016 2015 Operating Income: Monster Energy® Drinks (1) (2) $ $ $ $ Strategic Brands Other (3) Corporate and unallocated $ $ $ $ Three-Months Ended Six-Months Ended June 30, June 30, 2016 2015 2016 2015 Income before tax: Monster Energy® Drinks (1) (2) $ $ $ $ Strategic Brands Other (3) Corporate and unallocated $ $ $ $ (1) Includes $12.1 million and $3.2 million for the three-months ended June 30, 2016 and 2015, respectively, related to the recognition of deferred revenue. Includes $20.2 million and $46.5 million for the six-months ended June 30, 2016 and 2015, respectively, related to the recognition of deferred revenue. (2) Includes $25.3 million and $12.2 million for the three-months ended June 30, 2016 and 2015, respectively, related to distributor termination costs. Includes $28.7 million and $218.2 million for the six-months ended June 30, 2016 and 2015, respectively, related to distributor termination costs. (3) Includes $161.5 million gain on the sale of Monster Non-Energy for the three- and six-months ended June 30, 2015. Three-Months Ended Six-Months Ended June 30, June 30, 2016 2015 2016 2015 Depreciation and amortization Monster Energy® Drinks $ $ $ $ Strategic Brands Other Corporate and unallocated $ $ $ $ June 30, 2016 December 31, 2015 Goodwill and other intangible assets: Monster Energy® Drinks $ $ Strategic Brands Other - Corporate and unallocated - - $ 2,365,794 $ Corporate and unallocated expenses for the three-months ended June 30, 2016 include $31.1 million of payroll costs, of which $11.5 million was attributable to stock-based compensation expense (see Note 14, “Stock-Based Compensation”), as well as $19.6 million attributable to professional service expenses, including accounting and legal costs, and $8.7 million of other operating expenses. Corporate and unallocated expenses for the three-months ended June 30, 2015 include $28.3 million of payroll costs, of which $8.5 million was attributable to stock-based compensation expense (see Note 14, “Stock-Based Compensation”), as well as $21.8 million attributable to professional service expenses, including accounting and legal costs, and $8.1 million of other operating expenses. Corporate and unallocated expenses for the six-months ended June 30, 2016 include $59.5 million of payroll costs, of which $21.5 million was attributable to stock-based compensation expense (see Note 14, “Stock-Based Compensation”), as well as $35.5 million attributable to professional service expenses, including accounting and legal costs, and $15.2 million of other operating expenses. Corporate and unallocated expenses for the six-months ended June 30, 2015 include $56.9 million of payroll costs, of which $14.8 million was attributable to stock-based compensation expense (see Note 14, “Stock-Based Compensation”), as well as $36.3 million attributable to professional service expenses, including accounting and legal costs, and $14.9 million of other operating expenses. TCCC, through certain wholly-owned subsidiaries (the “TCCC Subsidiaries”), accounted for approximately 42% and 45% of the Company’s net sales for the three-months ended June 30, 2016 and 2015, respectively. The TCCC Subsidiaries accounted for approximately 44% and 40% of the Company’s net sales for the six-months ended June 30, 2016 and 2015, respectively. Net sales to customers outside the United States amounted to $200.2 million and $151.3 million for the three-months ended June 30, 2016 and 2015, respectively. Net sales to customers outside the United States amounted to $349.3 million and $264.3 million for the six-months ended June 30, 2016 and 2015, respectively.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2016
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	18. RELATED PARTY TRANSACTIONS As a result of the TCCC Transaction, TCCC controls more than 10% of the voting interests of the Company. TCCC, through the TCCC Subsidiaries and through certain of its affiliated companies (the “TCCC Affiliates”) purchases and distributes certain of the Company’s products both domestically and in certain international territories. The Company also pays TCCC a commission based on certain sales within the TCCC bottling network. TCCC commissions, based on sales to the TCCC Affiliates for the three-months ended June 30, 2016 and 2015, were $8.3 million and $1.8 million respectively. TCCC commissions, based on sales to the TCCC Affiliates for the six-months ended June 30, 2016 and 2015, were $10.9 million and $1.8 million, respectively. TCCC commissions, based on sales to the TCCC Subsidiaries, are accounted for as a reduction to revenue and are reported in net sales to the TCCC Subsidiaries. Net sales to the TCCC Subsidiaries for the three-months ended June 30, 2016 and 2015 were $344.0 million and $311.0 million, respectively. Net sales to the TCCC Subsidiaries for the six-months ended June 30, 2016 and 2015 were $659.2 million and $529.9 million, respectively. The Company also purchases concentrates from TCCC which are then sold to both the TCCC Affiliates and the TCCC Subsidiaries. Concentrate purchases from TCCC were $8.0 million and $1.1 million for the three-months ended June 30, 2016 and 2015, respectively. Concentrate purchases from TCCC were $14.7 million and $1.1 million for the six-months ended June 30, 2016 and 2015, respectively. A certain TCCC Subsidiary also contract manufactures certain of the Company’s Monster Energy® brand energy drinks. Contract manufacturing expenses were $2.2 million and $1.1 million for the three-months ended June 30, 2016 and 2015, respectively. Contract manufacturing expenses were $3.8 million and $3.4 million for the six-months ended June 30, 2016 and 2015, respectively. Accounts receivable, accounts payable and accrued promotional allowances related to the TCCC Subsidiaries are as follows at: June 30, 2016 December 31, 2015 Accounts receivable, net $ $ Accounts payable $ $ Accrued promotional allowances $ $ Two directors and officers of the Company and their families are principal owners of a company that provides promotional materials to the Company. Expenses incurred with such company in connection with promotional materials purchased during the three-months ended June 30, 2016 and 2015 were $0.2 million and $0.3 million, respectively. Expenses incurred with such company in connection with promotional materials purchased during the six-months ended June 30, 2016 and 2015 were $0.3 million and $1.2 million, respectively.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2016
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	19. SUBSEQUENT EVENTS On August 2, 2016, the Company’s Board of Directors authorized a new share repurchase program for the repurchase of up to $250.0 million of the Company’s outstanding common stock (the “August 2016 Repurchase Plan”). As of August 5, 2016, no shares have been repurchased under the August 2016 Repurchase Plan. In July 2016, the Company entered into an agreement to acquire an approximately 75,425 square foot, free standing, three-story office building, including the real property thereunder and improvements thereon, located in Corona, CA adjacent to its current corporate headquarters, for a purchase price of approximately $12.6 million. The purchase is subject to various conditions precedent that must be satisfied prior to the closing. If the Company ultimately acquires the building, it intends to complete any necessary improvements and occupy the building as an extension of its existing corporate headquarters at some time in the future.

ACQUISITIONS AND DIVESTITURES (

ACQUISITIONS AND DIVESTITURES (Tables)	6 Months Ended
	Jun. 30, 2016
ACQUISITIONS AND DIVESTITURES
Summary of AFF Transaction consideration allocation	Identifiable Assets Acquired and Liabilities Assumed Consideration Transferred Intangibles - flavor formulas (non-amortizing) ¹ $ $ - Intangibles - flavor formulas (amortizing) - Intangibles - customer relationships (amortizing) - Intangibles - trademarks (amortizing) - Intangibles - other (amortizing) - Working capital (excluding inventory) - Inventory - Property and equipment, net - Favorable leases - Goodwill - Cash - Total $ $ 1 Represents proprietary formulas for the Company’s principal products.
Summary of amounts in the escrow fund in excess of the applicable amounts	Percentage Transitioned Escrow Release 40% Amounts in excess of $375 million 50% Amounts in excess of $312.5 million 60% Amounts in excess of $250 million 70% Amounts in excess of $187.5 million 80% Amounts in excess of $125 million 90% Amounts in excess of $62.5 million 95% All remaining amounts
Schedule of pro forma condensed combined financial information	Three-Months Ended June 30, 2015 Pro Forma Adjustments Monster Beverage Corporation as reported ¹ KO Energy ² Disposal of Monster Non- Energy ³ Other Pro Forma Combined Net sales $ $ $ $ $ Net income Six-Months Ended June 30, 2015 Pro Forma Adjustments Monster Beverage Corporation as reported ¹ KO Energy ² Disposal of Monster Non- Energy ³ Other Pro Forma Combined Net sales $ $ $ $ $ Net income 1 Includes net sales of $13.0 million and net income of $5.8 million related to the acquired KO Energy assets from June 12, 2015 (the date of acquisition) through June 30, 2015. 2 Includes results through June 12, 2015, the date the TCCC Transaction was finalized. The $41.1 million and $100.6 million of net income for KO Energy for the three- and six-months ended June 30, 2015, respectively, is presented before tax. The associated estimated provision for income taxes is included in the “Other” category. 3 Includes results through June 12, 2015. Net income includes the gain recognized on the sale of Monster Non-Energy of $161.5 million.
Schedule of other pro-forma adjustments	Three-Months Ended June 30, 2015 Six-Months Ended June 30, 2015 Net sales: Amortization of deferred revenue $ $ Net income: Amortization of deferred revenue $ $ To record sales commissions To record amortization of definite lived KO Energy intangibles To eliminate TCCC Transaction expenses Estimated provision for income taxes on pro forma adjustments Estimated provision for income taxes on KO Energy income Total $ $

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2016
INVESTMENTS
Summary of investments in held-to-maturity, available-for-sale and trading securities	June 30, 2016 Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value Continuous Unrealized Loss Position less than 12 Months Continuous Unrealized Loss Position greater than 12 Months Held-to-Maturity Short-term: Commercial paper $ - $ - $ - $ - $ - $ - Municipal securities - U.S. government agency securities - - - - - - U.S. Treasuries - - - - - - Long-term: Municipal securities - - - - - - Total $ $ $ $ $ $ - December 31, 2015 Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value Continuous Unrealized Loss Position less than 12 Months Continuous Unrealized Loss Position greater than 12 Months Held-to-Maturity Short-term: Commercial paper $ $ - $ - $ $ - $ - Municipal securities - U.S. government agency securities - - U.S. Treasuries - - Long-term: Municipal securities - - U.S. government agency securities - - Total $ $ $ $ $ $ -
Summarizes the underlying contractual maturities of the Company's investments	June 30, 2016 December 31, 2015 Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: Commercial paper $ - $ - $ $ Municipal securities U.S. government agency securities - - U.S. Treasuries - - Due 1 -10 years: Municipal securities - - U.S. government agency securities - - Due 11 - 20 years: Municipal securities - - - - Total $ $ $ $

FAIR VALUE OF CERTAIN FINANCI29

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2016
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Schedule of financial assets recorded at fair value on a recurring basis	June 30, 2016 Level 1 Level 2 Level 3 Total Cash $ $ - $ - $ Money market funds - - Certificates of deposit - - - - Commercial paper - - - - U.S. Treasuries - - - - Municipal securities - - U.S. government agency securities - - - - Foreign currency derivatives - ) - ) Total $ $ $ - $ Amounts included in: Cash and cash equivalents $ $ $ - $ Short-term investments - - Accounts receivable, net - - Investments - - - - Accrued liabilities - ) - ) Total $ $ $ - $ December 31, 2015 Level 1 Level 2 Level 3 Total Cash $ $ - $ - $ Money market funds - - Certificates of deposit - - Commercial paper - - U.S. Treasuries - - Municipal securities - - U.S. government agency securities - - Foreign currency derivatives - ) - ) Total $ $ $ - $ Amounts included in: Cash and cash equivalents $ $ $ - $ Short-term investments - - Accounts receivable, net - - Investments - - Accrued liabilities - ) - ) Total $ $ $ - $

DERIVATIVE INSTRUMENTS AND HE30

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	6 Months Ended
	Jun. 30, 2016
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of notional amount and fair value of all outstanding foreign currency derivative instruments in the condensed consolidated balance sheets	June 30, 2016 Derivatives not designated as hedging instruments under FASB ASC 815-20 Notional Amount Fair Value Balance Sheet Location Assets: Foreign currency exchange contracts: Receive USD/pay GBP $ $ Accounts receivable, net Receive EUR/pay USD Accounts receivable, net Receive SGD/pay USD Accounts receivable, net Liabilities: Foreign currency exchange contracts: Receive USD/pay AUD $ $ Accrued liabilities Receive USD/pay MXN Accrued liabilities Receive USD/pay ZAR Accrued liabilities Receive USD/pay NZD Accrued liabilities Receive USD/pay BRL Accrued liabilities Receive USD/pay COP Accrued liabilities December 31, 2015 Derivatives not designated as hedging instruments under FASB ASC 815-20 Notional Amount Fair Value Balance Sheet Location Assets: Foreign currency exchange contracts: Receive USD/pay GBP $ $ Accounts receivable, net Receive USD/pay ZAR Accounts receivable, net Receive USD/pay RUB Accounts receivable, net Receive USD/pay BRL Accounts receivable, net Receive USD/pay COP Accounts receivable, net Liabilities: Foreign currency exchange contracts: Receive EUR/pay USD $ $ Accrued liabilities Receive USD/pay AUD Accrued liabilities Receive USD/pay CAD Accrued liabilities Receive USD/pay JPY Accrued liabilities Receive USD/pay MXN Accrued liabilities Receive SGD/pay USD Accrued liabilities Receive USD/pay NZD Accrued liabilities Receive USD/pay CLP Accrued liabilities
Schedule of net gains (losses) on derivative instruments in the condensed consolidated statements of income	Amount of gain (loss) recognized in income on derivatives Three-months ended Derivatives not designated as hedging instruments under FASB ASC 815-20 Location of gain (loss) recognized in income on derivatives June 30, 2016 June 30, 2015 Foreign currency exchange contracts Interest and other (expense) income, net $ $ Amount of gain (loss) recognized in income on derivatives Six-months ended Derivatives not designated as hedging instruments under FASB ASC 815-20 Location of gain (loss) recognized in income on derivatives June 30, 2016 June 30, 2015 Foreign currency exchange contracts Interest and other (expense) income, net $ $

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2016
INVENTORIES
Schedule of inventories	June 30, 2016 December 31, 2015 Raw materials $ $ Finished goods $ $

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 30, 2016
PROPERTY AND EQUIPMENT, NET
Schedule of property and equipment	June 30, 2016 December 31, 2015 Land $ $ Leasehold improvements Furniture and fixtures Office and computer equipment Computer software Equipment Buildings Vehicles Less: accumulated depreciation and amortization $ $

GOODWILL AND OTHER INTANGIBLE33

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2016
GOODWILL AND OTHER INTANGIBLE ASSETS.
Schedule of Goodwill	Monster Energy® Drinks Strategic Brands Other Total Balance at December 31, 2015 $ $ $ - $ Acquisitions - - Balance at June 30, 2016 $ $ $ - $
Schedule of intangibles	June 30, 2016 December 31, 2015 Amortizing intangibles $ $ Accumulated amortization Non-amortizing intangibles $ $

ACCUMULATED OTHER COMPREHENSI34

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
	Jun. 30, 2016
ACCUMULATED OTHER COMPREHENSIVE LOSS.
Changes in accumulated other comprehensive loss by component, after tax	Currency Translation Losses Balance at December 31, 2015 $ Other comprehensive (gain) before reclassifications - Amounts reclassified from accumulated other comprehensive loss - Net current-period other comprehensive (gain) Balance at June 30, 2016 $

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2016
STOCK-BASED COMPENSATION
Schedule of weighted-average assumptions used to estimate the fair value of options granted	Three-Months Ended June 30, Six-Months Ended June 30, 2016 2015 2016 2015 Dividend yield Expected volatility Risk-free interest rate Expected term 6.4 years 5.8 years 6.3 years 5.8 years
Summary of Company's activities with respect to its stock option plans	Options Number of Shares (In thousands) Weighted- Average Exercise Price Per Share Weighted- Average Remaining Contractual Term (In years) Aggregate Intrinsic Value Outstanding at January 1, 2016 $ $ Granted 01/01/16 - 03/31/16 $ Granted 04/01/16 - 06/30/16 $ Exercised $ Cancelled or forfeited $ Outstanding at June 30, 2016 $ $ Vested and expected to vest in the future at June 30, 2016 $ $ Exercisable at June 30, 2016 $ $
Summary of Company's activities with respect to non-vested restricted stock awards and non-vested restricted stock units	Number of Shares (in thousands) Weighted Average Grant-Date Fair Value Non-vested at January 1, 2016 $ Granted 01/01/16- 03/31/16 $ Granted 04/01/16- 06/30/16 $ Vested $ Forfeited/cancelled $ Non-vested at June 30, 2016 $

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2016
INCOME TAXES
Schedule of roll-forward of the Company's total gross unrecognized tax benefits, not including interest and penalties	Gross Unrecognized Tax Benefits Balance at December 31, 2015 $ Additions for tax positions related to the current year - Additions for tax positions related to the prior year - Decreases related to settlement with taxing authority - Balance at June 30, 2016 $

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2016
EARNINGS PER SHARE
Schedule of reconciliation of the weighted average shares used in the basic and diluted earnings per common share computations	Three-Months Ended Six-Months Ended June 30, June 30, 2016 2015 2016 2015 Weighted-average shares outstanding: Basic Dilutive Diluted

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2016
SEGMENT INFORMATION
Schedule of net revenues and other financial information by segment	Three-Months Ended Six-Months Ended June 30, June 30, 2016 2015 2016 2015 Net sales: Monster Energy® Drinks (1) $ $ $ $ Strategic Brands Other Corporate and unallocated - - - - $ $ $ $ Three-Months Ended Six-Months Ended June 30, June 30, 2016 2015 2016 2015 Operating Income: Monster Energy® Drinks (1) (2) $ $ $ $ Strategic Brands Other (3) Corporate and unallocated $ $ $ $ Three-Months Ended Six-Months Ended June 30, June 30, 2016 2015 2016 2015 Income before tax: Monster Energy® Drinks (1) (2) $ $ $ $ Strategic Brands Other (3) Corporate and unallocated $ $ $ $ (1) Includes $12.1 million and $3.2 million for the three-months ended June 30, 2016 and 2015, respectively, related to the recognition of deferred revenue. Includes $20.2 million and $46.5 million for the six-months ended June 30, 2016 and 2015, respectively, related to the recognition of deferred revenue. (2) Includes $25.3 million and $12.2 million for the three-months ended June 30, 2016 and 2015, respectively, related to distributor termination costs. Includes $28.7 million and $218.2 million for the six-months ended June 30, 2016 and 2015, respectively, related to distributor termination costs. (3) Includes $161.5 million gain on the sale of Monster Non-Energy for the three- and six-months ended June 30, 2015. Three-Months Ended Six-Months Ended June 30, June 30, 2016 2015 2016 2015 Depreciation and amortization Monster Energy® Drinks $ $ $ $ Strategic Brands Other Corporate and unallocated $ $ $ $ June 30, 2016 December 31, 2015 Goodwill and other intangible assets: Monster Energy® Drinks $ $ Strategic Brands Other - Corporate and unallocated - - $ 2,365,794 $

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2016
RELATED PARTY TRANSACTIONS
Schedule of related party transactions	June 30, 2016 December 31, 2015 Accounts receivable, net $ $ Accounts payable $ $ Accrued promotional allowances $ $

ACQUISITION AND DIVESTITURES -

ACQUISITION AND DIVESTITURES - AFF Transaction (Details) - USD ($) $ in Thousands	Apr. 01, 2016	Jun. 30, 2016	Dec. 31, 2015
Identifiable Assets Acquired and Liabilities Assumed
Goodwill		$ 1,283,643	$ 1,279,715
Consideration Transferred
Cash		$ 688,485
American Fruits & Flavors ("AFF")
Identifiable Assets Acquired and Liabilities Assumed
Working capital (excluding inventory)	$ 1,861
Inventories	27,600
Property and equipment, net	1,175
Favorable leases	4,480
Goodwill	3,928
Total	688,485
Consideration Transferred
Cash	688,485
Total	688,485
American Fruits & Flavors ("AFF") | Flavor formulas
Identifiable Assets Acquired and Liabilities Assumed
Intangibles (amortizing)	641
American Fruits & Flavors ("AFF") | Customer relationships
Identifiable Assets Acquired and Liabilities Assumed
Intangibles (amortizing)	30,100
American Fruits & Flavors ("AFF") | Trademarks
Identifiable Assets Acquired and Liabilities Assumed
Intangibles (amortizing)	500
American Fruits & Flavors ("AFF") | Other
Identifiable Assets Acquired and Liabilities Assumed
Intangibles (amortizing)	200
American Fruits & Flavors ("AFF") | Flavor formulas
Identifiable Assets Acquired and Liabilities Assumed
Intangibles (non-amortizing)	$ 618,000

ACQUISITIONS AND DIVESTITURES -

ACQUISITIONS AND DIVESTITURES - TCCC Transaction (Details) - Coca-Cola Transaction Asset Transfer Agreement - TCCC $ in Millions	Jun. 12, 2015USD ($)itemshares	Jun. 30, 2016	Jun. 30, 2015shares
Noncash or Part Noncash Acquisitions [Line Items]
Number of shares issued for acquisition | shares	34,040,534		11,800,000
Ownership interest (as a percent)	16.70%
Number of individuals appointed as directors | item	2
Cash consideration received	$ 2,150
Amount held in escrow	$ 125
Percentage of target sales transitioned		89.00%
40% Target
Noncash or Part Noncash Acquisitions [Line Items]
Percentage of target sales	40.00%
Escrow Release	$ 375
50% Target
Noncash or Part Noncash Acquisitions [Line Items]
Percentage of target sales	50.00%
Escrow Release	$ 312.5
60% Target
Noncash or Part Noncash Acquisitions [Line Items]
Percentage of target sales	60.00%
Escrow Release	$ 250
70% Target
Noncash or Part Noncash Acquisitions [Line Items]
Percentage of target sales	70.00%
Escrow Release	$ 187.5
80% Target
Noncash or Part Noncash Acquisitions [Line Items]
Percentage of target sales	80.00%
Escrow Release	$ 125
90% Target
Noncash or Part Noncash Acquisitions [Line Items]
Percentage of target sales	90.00%
Escrow Release	$ 62.5
95% Target
Noncash or Part Noncash Acquisitions [Line Items]
Percentage of target sales	95.00%

ACQUISITIONS AND DIVESTITURES42

ACQUISITIONS AND DIVESTITURES - Proforma Financial Information (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Noncash or Part Noncash Acquisitions [Line Items]
Net sales		$ 827,488,000	$ 693,722,000	$ 1,507,674,000	$ 1,320,512,000
Net income		184,219,000	229,004,000	348,097,000	233,417,000
Gain on sale of Monster Non-Energy			161,470,000		161,470,000
Business Acquisition, Pro Forma Information [Abstract]
Amortization of Intangible Assets		$ 2,900,000	300,000	4,600,000	300,000
U.S. Federal tax expense at statutory rates				38.5
Disposal of Monster Non-Energy
Noncash or Part Noncash Acquisitions [Line Items]
Gain on sale of Monster Non-Energy			161,500,000
Coca-Cola Transaction Asset Transfer Agreement | TCCC
Noncash or Part Noncash Acquisitions [Line Items]
Net sales			693,722,000		1,320,512,000
Net income			229,004,000		233,417,000
Coca-Cola Transaction Asset Transfer Agreement | TCCC | Pro Forma
Noncash or Part Noncash Acquisitions [Line Items]
Net sales			724,717,000		1,404,712,000
Net income				$ 157,829,000	195,503,000
Coca-Cola Transaction Asset Transfer Agreement | TCCC | KO Energy
Noncash or Part Noncash Acquisitions [Line Items]
Net sales	$ 13,000,000
Net income	$ 5,800,000
Coca-Cola Transaction Asset Transfer Agreement | TCCC | Disposal of Monster Non-Energy
Noncash or Part Noncash Acquisitions [Line Items]
Net sales			(29,516,000)		(60,824,000)
Net income			(100,652,000)		(101,881,000)
Coca-Cola Transaction Asset Transfer Agreement | TCCC | Other
Noncash or Part Noncash Acquisitions [Line Items]
Net sales			3,089,000		6,897,000
Net income			(11,659,000)		(36,608,000)
Business Acquisition, Pro Forma Information [Abstract]
Amortization of deferred revenue			3,089,000		6,897,000
To record sales commissions			(6,431,000)		(15,470,000)
Amortization of Intangible Assets			1,400,000		3,126,000
To eliminate TCCC Transaction expense			11,536,000		15,134,000
Estimated provision for income taxes on pro forma adjustments			(2,616,000)		(1,322,000)
Estimated provision for income taxes on KO Energy income			(15,837,000)		(38,721,000)
Total			(11,659,000)		(36,608,000)
Coca-Cola Transaction Asset Transfer Agreement | TCCC | KO Energy
Noncash or Part Noncash Acquisitions [Line Items]
Net sales			57,422,000		138,127,000
Net income			$ 41,136,000		$ 100,575,000

RECENT ACCOUNTING PRONOUNCEME43

RECENT ACCOUNTING PRONOUNCEMENTS (Details) - Accounting Standards Update 2016-09: Simplifying the accounting for share-based compensation - Adjustments for New Accounting Principle $ in Millions	6 Months Ended
	Jun. 30, 2015USD ($)
RECENT ACCOUNTING PRONOUNCEMENTS
Net cash provided by operating activities	$ 300.3
Net cash used in financing activities	$ 300.3

INVESTMENTS - HTM & AFS (Detail

INVESTMENTS - HTM & AFS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Held to Maturity and Available-for-sale
Held to maturity and available-for-sale securities, Amortized Cost	$ 44,319	$ 759,958
Held to maturity and available-for-sale securities, Gross Unrealized Holding Gains	5	63
Held to maturity and available-for-sale securities, Gross Unrealized Holding Losses	7	296
Held to maturity and available-for-sale securities, Fair Value	44,317	759,725
Held to maturity and available-for-sale securities, Continuous Unrealized Loss Position less than 12 Months	7	296
Short-term | Commercial paper
Held-to-Maturity
Amortized Cost		3,978
Fair Value		3,978
Short-term | Municipal securities
Held-to-Maturity
Amortized Cost	44,319	709,207
Gross Unrealized Holding Gains	5	63
Gross Unrealized Holding Losses	7	192
Fair Value	44,317	709,078
Continuous Unrealized Loss Position less than 12 Months	$ 7	192
Short-term | U.S. government agency securities
Held-to-Maturity
Amortized Cost		23,369
Gross Unrealized Holding Losses		58
Fair Value		23,311
Continuous Unrealized Loss Position less than 12 Months		58
Short-term | U.S. Treasuries
Held-to-Maturity
Amortized Cost		8,056
Gross Unrealized Holding Losses		13
Fair Value		8,043
Continuous Unrealized Loss Position less than 12 Months		13
Long-term | Municipal securities
Held-to-Maturity
Amortized Cost		11,071
Gross Unrealized Holding Losses		8
Fair Value		11,063
Continuous Unrealized Loss Position less than 12 Months		8
Long-term | U.S. government agency securities
Held-to-Maturity
Amortized Cost		4,277
Gross Unrealized Holding Losses		25
Fair Value		4,252
Continuous Unrealized Loss Position less than 12 Months		$ 25

INVESTMENTS - Major Type - Matu

INVESTMENTS - Major Type - Maturity Period (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Investments
Amortized Cost	$ 44,319	$ 759,958
Fair Value	44,317	759,725
Commercial paper | Less than 1 year
Investments
Amortized Cost		3,978
Fair Value		3,978
Municipal securities | Less than 1 year
Investments
Amortized Cost	44,319	709,207
Fair Value	$ 44,317	709,078
Municipal securities | Due 1 - 10 years
Investments
Amortized Cost		11,071
Fair Value		11,063
U.S. government agency securities | Less than 1 year
Investments
Amortized Cost		23,369
Fair Value		23,311
U.S. government agency securities | Due 1 - 10 years
Investments
Amortized Cost		4,277
Fair Value		4,252
U.S. Treasuries | Less than 1 year
Investments
Amortized Cost		8,056
Fair Value		$ 8,043

FAIR VALUE OF CERTAIN FINANCI46

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES - Assets - Recurring Basis (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Fair value amounts included in the carrying value of
Cash and cash equivalents	$ 434,769	$ 2,175,417	$ 1,696,295	$ 370,323
Short-term investments	44,319	744,610
Investments		15,348
Asset transfers between Level 1 and Level 2 measurements	0	0
Total fair value
Fair value amounts included in the carrying value of
Cash and cash equivalents	434,769	2,175,417
Short-term investments	44,319	744,610
Accounts receivable, net	184	371
Investments		15,348
Accrued liabilities	(906)	(588)
Assets measured at fair value	478,366	2,935,158
Cash	271,234	255,723
Foreign currency derivatives	(722)	(217)
Money market funds | Total fair value
Fair value amounts included in the carrying value of
Assets measured at fair value	163,023	664,005
Certificates of deposit | Total fair value
Fair value amounts included in the carrying value of
Assets measured at fair value		85,007
Commercial paper | Total fair value
Fair value amounts included in the carrying value of
Assets measured at fair value		430,605
U.S. Treasuries | Total fair value
Fair value amounts included in the carrying value of
Assets measured at fair value		260,035
Municipal securities | Total fair value
Fair value amounts included in the carrying value of
Assets measured at fair value	44,831	731,744
U.S. government agency securities | Total fair value
Fair value amounts included in the carrying value of
Assets measured at fair value		508,256
Level 1
Fair value amounts included in the carrying value of
Cash and cash equivalents	434,257	919,728
Assets measured at fair value	434,257	919,728
Cash	271,234	255,723
Level 1 | Money market funds
Fair value amounts included in the carrying value of
Assets measured at fair value	163,023	664,005
Level 2
Fair value amounts included in the carrying value of
Cash and cash equivalents	512	1,255,689
Short-term investments	44,319	744,610
Accounts receivable, net	184	371
Investments		15,348
Accrued liabilities	(906)	(588)
Assets measured at fair value	44,109	2,015,430
Foreign currency derivatives	(722)	(217)
Level 2 | Certificates of deposit
Fair value amounts included in the carrying value of
Assets measured at fair value		85,007
Level 2 | Commercial paper
Fair value amounts included in the carrying value of
Assets measured at fair value		430,605
Level 2 | U.S. Treasuries
Fair value amounts included in the carrying value of
Assets measured at fair value		260,035
Level 2 | Municipal securities
Fair value amounts included in the carrying value of
Assets measured at fair value	$ 44,831	731,744
Level 2 | U.S. government agency securities
Fair value amounts included in the carrying value of
Assets measured at fair value		$ 508,256

DERIVATIVE INSTRUMENTS AND HE47

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Notional Amount and Fair Value (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Foreign currency exchange contracts | Maximum
Derivative Instruments and Hedging Activities
Term of derivative instrument	1 month
Derivatives not designated as hedging instruments | Receive USD/pay GBP | Accounts receivable, net.
Derivative Instruments and Hedging Activities
Notional amount, Assets	$ 16,141	$ 18,146
Fair Value, Assets	110	168
Derivatives not designated as hedging instruments | Receive USD/pay ZAR | Accounts receivable, net.
Derivative Instruments and Hedging Activities
Notional amount, Assets		17,411
Fair Value, Assets		144
Derivatives not designated as hedging instruments | Receive USD/pay ZAR | Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	13,385
Fair Value, Liabilities	(347)
Derivatives not designated as hedging instruments | Receive USD/pay RUB | Accounts receivable, net.
Derivative Instruments and Hedging Activities
Notional amount, Assets		2,173
Fair Value, Assets		9
Derivatives not designated as hedging instruments | Receive USD/pay BRL | Accounts receivable, net.
Derivative Instruments and Hedging Activities
Notional amount, Assets		2,478
Fair Value, Assets		49
Derivatives not designated as hedging instruments | Receive USD/pay BRL | Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	3,121
Fair Value, Liabilities	(91)
Derivatives not designated as hedging instruments | Receive USD/pay COP | Accounts receivable, net.
Derivative Instruments and Hedging Activities
Notional amount, Assets		1,351
Fair Value, Assets		1
Derivatives not designated as hedging instruments | Receive USD/pay COP | Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	1,672
Fair Value, Liabilities	(40)
Derivatives not designated as hedging instruments | Receive EUR/pay USD | Accounts receivable, net.
Derivative Instruments and Hedging Activities
Notional amount, Assets	28,473
Fair Value, Assets	57
Derivatives not designated as hedging instruments | Receive EUR/pay USD | Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		39,578
Fair Value, Liabilities		(429)
Derivatives not designated as hedging instruments | Receive USD/pay AUD | Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	17,578	14,040
Fair Value, Liabilities	(204)	(82)
Derivatives not designated as hedging instruments | Receive USD/pay CAD | Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		2,804
Fair Value, Liabilities		(15)
Derivatives not designated as hedging instruments | Receive USD/pay JPY | Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		2,495
Fair Value, Liabilities		(2)
Derivatives not designated as hedging instruments | Receive USD/pay MXN | Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	6,739	8,122
Fair Value, Liabilities	(188)	(15)
Derivatives not designated as hedging instruments | Receive SGD/Pay USD | Accounts receivable, net.
Derivative Instruments and Hedging Activities
Notional amount, Assets	6,734
Fair Value, Assets	17
Derivatives not designated as hedging instruments | Receive SGD/Pay USD | Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		3,837
Fair Value, Liabilities		(30)
Derivatives not designated as hedging instruments | Receive USD/Pay NZD | Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	2,314	1,978
Fair Value, Liabilities	$ (36)	(3)
Derivatives not designated as hedging instruments | Receive USD/pay CLP | Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		3,519
Fair Value, Liabilities		$ (12)

DERIVATIVE INSTRUMENTS AND HE48

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Nonhedging Designation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Derivatives not designated as hedging instruments | Foreign currency exchange contracts | Interest and other income, net
Net gains (losses) on derivative instruments
Amount of gain (loss) recognized in income on derivatives	$ 141	$ (63)	$ 458	$ (1,919)

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
INVENTORIES
Raw materials	$ 69,811	$ 52,043
Finished goods	104,590	104,078
Inventories, net	$ 174,401	$ 156,121

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Property and equipment, net
Property and equipment, gross	$ 200,628	$ 189,874
Less: accumulated depreciation and amortization	(98,066)	(92,520)
Property and equipment, net	102,562	97,354
Land
Property and equipment, net
Property and equipment, gross	6,792	6,792
Leasehold improvements
Property and equipment, net
Property and equipment, gross	2,756	2,804
Furniture and fixtures
Property and equipment, net
Property and equipment, gross	3,602	3,551
Office and computer equipment
Property and equipment, net
Property and equipment, gross	10,764	11,080
Computer software
Property and equipment, net
Property and equipment, gross	2,768	2,530
Equipment
Property and equipment, net
Property and equipment, gross	102,225	93,465
Building
Property and equipment, net
Property and equipment, gross	40,983	39,848
Vehicles
Property and equipment, net
Property and equipment, gross	$ 30,738	$ 29,804

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Goodwill
Goodwill, Beginning Balance			$ 1,279,715
Acquisitions			3,928
Goodwill, Ending Balance	$ 1,283,643		1,283,643
Amortizing intangibles	71,213		71,213		$ 35,263
Accumulated amortization	(8,612)		(8,612)		(3,899)
Amortizing intangibles, net	62,601		62,601		31,364
Non-amortizing intangibles	1,019,550		1,019,550		396,622
Intangible, net	1,082,151		1,082,151		$ 427,986
Amortization expense	2,900	$ 300	$ 4,600	$ 300
Minimum
Goodwill
Useful life of intangible assets			5 years	5 years
Maximum
Goodwill
Useful life of intangible assets			7 years	7 years
Monster Energy Drinks
Goodwill
Goodwill, Beginning Balance			$ 641,716
Acquisitions			3,928
Goodwill, Ending Balance	645,644		645,644
Strategic Brands
Goodwill
Goodwill, Beginning Balance			637,999
Acquisitions
Goodwill, Ending Balance	$ 637,999		$ 637,999

DISTRIBUTION AGREEMENTS (Detail

DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
DISTRIBUTION AGREEMENTS
Termination costs	$ 25.3	$ 12.2	$ 28.7	$ 218.2
Distribution agreement, revenue recognition period			20 years
Revenue recognized	12.1	3.2	$ 20.2	46.5
Amortization of deferred revenue	$ 5	$ 0	$ 5	$ 39.8

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Operating Leases (Details) $ in Millions	1 Months Ended		6 Months Ended
	Jul. 31, 2016USD ($)ft²	Feb. 29, 2016USD ($)ft²a	Jun. 30, 2016USD ($)
Commitments and Contingencies
Aggregate contractual obligations			$ 136.7
Aggregate operating lease commitments			20.3
Purchase Agreement | Building and Building Improvements
Commitments and Contingencies
Area of real estate property | ft²		1,000,000
Purchase Agreement | Land
Commitments and Contingencies
Acres of land | a		49
Purchase agreement to acquire real estate property		$ 39
Raw material items
Commitments and Contingencies
Purchase Commitments			$ 29
Period over which obligations will be paid			1 year
Subsequent event | Purchase Agreement | Building and Building Improvements
Commitments and Contingencies
Area of real estate property | ft²	75,425
Purchase agreement to acquire real estate property	$ 12.6

COMMITMENTS AND CONTINGENCIES54

COMMITMENTS AND CONTINGENCIES - Loss Contingencies (Details) $ in Millions	Jun. 30, 2016USD ($)
COMMITMENTS AND CONTINGENCIES
Accrued loss contingencies	$ 0.3

ACCUMULATED OTHER COMPREHENSI55

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Components of accumulated other comprehensive loss:
Balance	$ 4,809,410
Balance	3,192,411
Currency Translation Losses
Components of accumulated other comprehensive loss:
Balance	21,878
Net current-period other comprehensive (gain)	(7,401)
Balance	$ 14,477

TREASURY STOCK (Details)

TREASURY STOCK (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 15, 2016	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Apr. 28, 2016
Equity, Class of Treasury Stock [Line Items]
Treasury stock shares cancelled				41,500,000
Cash paid for repurchase of common stock			$ 2,002,254	$ 412,217
Number of shares repurchased of common stock from employees in lieu of cash or withholding taxes due		1,585
Cash payment for repurchase of common stock from employees in lieu of cash or withholding taxes due		$ 200
Existing share repurchase program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount					$ 2,000,000
Common stock repurchased (in shares)	12,820,512
Average purchase price (in dollars per share)	$ 156
Cash paid for repurchase of common stock	$ 2,000

STOCK-BASED COMPENSATION - Stoc

STOCK-BASED COMPENSATION - Stock Options (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)plan	Jun. 30, 2015USD ($)
Stock-based compensation
Stock-based compensation plans | plan			2
Compensation expense on share-based plans	$ 11.5	$ 8.5	$ 21.6	$ 14.8
Stock options
Stock-based compensation
Excess tax benefit realized for tax deductions from non-qualified stock option exercises and disqualifying dispositions of incentive stock options	2	115.6	3.6	300.3
Adjustments for New Accounting Principle | Accounting Standards Update 2016-09: Simplifying the accounting for share-based compensation
Stock-based compensation
Excess tax benefit from stock based compensation	$ 2		$ 3.6
Adjustments to additional paid-in-capital, benefit associated with share-based compensation		$ 115.6		$ 300.3

STOCK-BASED COMPENSATION - Fair

STOCK-BASED COMPENSATION - Fair Value Assumptions (Details) - Stock options - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Weighted-average assumptions used to estimate the fair value of options granted
Dividend yield (as a percent)	0.00%		0.00%	0.00%	0.00%
Expected volatility (as a percent)	36.20%		37.00%	36.20%	37.10%
Risk-free interest rate (as a percent)	1.30%		1.50%	1.40%	1.60%
Expected term	6 years 4 months 24 days		5 years 9 months 18 days	6 years 3 months 18 days	5 years 9 months 18 days
Stock Options, Number of Shares
Balance at the beginning of the period (in shares)		6,590		6,590
Granted (in shares)	219	961
Exercised (in shares)				(210)
Cancelled or forfeited (in shares)				(81)
Balance at the end of the period (in shares)	7,479			7,479		6,590
Vested and expected to vest in the future at the end of the period (in shares)	7,031			7,031
Exercisable at the end of the period (in shares)	4,350			4,350
Stock options, Weighted-Average Exercise Price Per Share
Balance at the beginning of the period (in dollars per share)		$ 50.85		$ 50.85
Granted (in dollars per share)	$ 138.53	$ 132.06
Exercised (in dollars per share)				38.89
Cancelled or forfeited (in dollars per share)				94.97
Balance at the end of the period (in dollars per share)	63.72			63.72		$ 50.85
Vested and expected to vest in the future at the end of the period (in dollars per share)	60.23			60.23
Exercisable at the end of the period (in dollars per share)	$ 31.24			$ 31.24
Weighted-Average Remaining Contractual Term
Balance at the beginning of the period				5 years 9 months 18 days		5 years 7 months 6 days
Balance at the end of the period				5 years 9 months 18 days		5 years 7 months 6 days
Vested and expected to vest in the future at the end of the period				5 years 7 months 6 days
Exercisable at the end of the period				3 years 10 months 24 days
Aggregate Intrinsic Value
Balance at the beginning of the period		$ 646,497		$ 646,497
Balance at the end of the period	$ 725,436			725,436		$ 646,497
Vested and expected to vest in the future at the end of the period	706,495			706,495
Exercisable at the end of the period	$ 563,212			$ 563,212

STOCK-BASED COMPENSATION - Equi

STOCK-BASED COMPENSATION - Equity Awards (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Stock options
Stock-based compensation
Weighted-average grant-date fair value of options granted (in dollars per share)	$ 52.33		$ 49.72	$ 50.66	$ 50.14
Total intrinsic value of options exercised	$ 10.9		$ 314	$ 21.4	$ 829.7
Cash received from option exercises	4.1		$ 22.7	8.1	$ 41.7
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 106.9			$ 106.9
Cost expected to be recognized over a weighted-average period				3 years 2 months 12 days
Stock units expected to vest (in shares)	7,031			7,031
Restricted stock units
Stock-based compensation
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 19.3			$ 19.3
Cost expected to be recognized over a weighted-average period				2 years
Stock units expected to vest (in shares)	200			200
Number of Shares
Non-vested at the beginning of the period (in shares)		178		178
Granted (in shares)	12	82
Vested (in shares)				(68)
Forfeited/cancelled (in shares)				(1)
Non-vested at the end of the period (in shares)	203			203
Weighted Average Grant-Date Fair Value
Non-vested at the beginning of the period (in dollars per share)		$ 99.58		$ 99.58
Granted (in dollars per share)	$ 148.94	$ 131.96		134.14	$ 135.48
Vested (in dollars per share)				104.32
Forfeited/cancelled (in dollars per share)				57.45
Non-vested at the end of the period (in dollars per share)	$ 114.26			$ 114.26

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefit Rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Gross unrecognized tax benefits, roll forward
Balance at the beginning of the period	$ 471
Decreases related to settlement with taxing authority
Balance at the end of the period	471
Accrued interest and penalties related to unrecognized tax benefits	$ 200

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Weighted-average shares outstanding:
Basic	200,979	176,985	201,962	173,447
Dilutive securities	3,989	4,432	3,986	4,551
Diluted	204,968	181,417	205,948	177,998
Options and awards outstanding excluded from the calculations as their effect would have been antidilutive (in shares)	2,000	1,100	1,600	800

SEGMENT INFORMATION - Product L

SEGMENT INFORMATION - Product Line (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)item	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Segment information
Number of reportable segments | item			3
Number of operating segments | item			3
Net sales	$ 827,488	$ 693,722	$ 1,507,674	$ 1,320,512
Operating income	288,523	366,139	543,237	373,767
Income before tax	288,301	365,124	543,623	373,985
Revenue recognized	12,100	3,200	20,200	46,500
Gain on sale of Monster Non-Energy		161,470		161,470
Depreciation and amortization	10,306	6,780	19,329	13,249
Goodwill and other intangible assets	2,365,794		2,365,794		$ 1,707,701
Stock-based compensation expense	11,500	8,500	21,600	14,800
Corporate and Unallocated
Segment information
Operating income	(59,124)	(58,157)	(110,529)	(108,149)
Income before tax	(59,367)	(59,361)	(110,199)	(108,194)
Depreciation and amortization	1,598	1,250	3,072	2,525
Payroll costs	31,100	28,300	59,500	56,900
Stock-based compensation expense	11,500	8,500	21,500	14,800
Professional service expenses	19,600	21,800	35,500	36,300
Other operating expenses	8,700	8,100	15,200	14,900
Operating segment
Segment information
Net sales	827,488	693,722	1,507,674	1,320,512
Operating income	288,523	366,139	543,237	373,767
Income before tax	288,301	365,124	543,623	373,985
Monster Energy Drinks
Segment information
Depreciation and amortization	5,795	5,093	11,573	10,148
Goodwill and other intangible assets	1,330,493		1,330,493		699,346
Monster Energy Drinks | Operating segment
Segment information
Net sales	743,453	651,228	1,365,381	1,246,710
Operating income	298,942	251,551	566,329	307,172
Income before tax	298,974	251,740	566,412	307,435
Strategic Brands
Segment information
Depreciation and amortization	1,778	345	3,548	345
Goodwill and other intangible assets	1,004,995		1,004,995		$ 1,008,355
Strategic Brands | Operating segment
Segment information
Net sales	77,400	12,978	135,852	12,978
Operating income	48,019	9,084	87,095	9,084
Income before tax	48,008	9,084	87,068	9,084
Other
Segment information
Depreciation and amortization	1,135	92	1,136	231
Goodwill and other intangible assets	30,306		30,306
Other | Operating segment
Segment information
Net sales	6,635	29,516	6,441	60,824
Operating income	686	163,661	342	165,660
Income before tax	686	163,661	342	165,660
Direct Store Delivery ("DSD")
Segment information
Revenue recognized	12,100	3,200	20,200	46,500
Distribution Agreements Termination Cost	$ 25,300	$ 12,200	$ 28,700	$ 218,200

SEGMENT INFORMATION - Concentra

SEGMENT INFORMATION - Concentration Risk (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment information
Net sales	$ 827,488	$ 693,722	$ 1,507,674	$ 1,320,512
Outside United States
Segment information
Net sales	$ 200,200	$ 151,300	$ 349,300	$ 264,300
Coca-Cola Refreshments ("CCR")
Segment information
Percentage of net sales from major customer	42.00%	45.00%	44.00%	40.00%

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)item	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)
TCCC
Related party transactions
Voting interest (as a percent)	10.00%		10.00%
Commission expense	$ 8,300	$ 1,800	$ 10,900	$ 1,800
Net sales	344,000	311,000	659,200	529,900
Purchases from Related Party	8,000	1,100	14,700	1,100
Manufacturing expenses	2,200	1,100	3,800	3,400
Accounts receivable, net.	197,764		197,764		$ 172,201
Accounts payable	63,337		63,337		58,579
Accrued promotional allowances	39,037		$ 39,037		$ 27,544
Directors and Officers that provide promotional materials
Related party transactions
Number of directors and officers who are principal owners of a company that provides promotional materials | item			2
Expenses incurred in connection with materials or services provided by a related party	$ 200	$ 300	$ 300	$ 1,200

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ in Millions	Aug. 05, 2016shares	Jul. 31, 2016USD ($)ft²	Aug. 02, 2016USD ($)	Feb. 29, 2016ft²
Purchase Agreement | Building and Building Improvements
Subsequent Events
Area of real estate property | ft²				1,000,000
Subsequent event | Purchase Agreement | Building and Building Improvements
Subsequent Events
Area of real estate property | ft²		75,425
Purchase agreement to acquire real estate property | $		$ 12.6
Subsequent event | August 2016 Repurchase Plan
Subsequent Events
Stock repurchase program, authorized amount | $			$ 250
Common stock repurchased (in shares) | shares	0