Monster Beverage (MNST) 10-Q9 Aug 182018 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2018	Aug. 01, 2018
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, 2018
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		552,523,130
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
CURRENT ASSETS:
Cash and cash equivalents	$ 659,687	$ 528,622
Short-term investments	211,093	672,933
Accounts receivable, net	592,568	449,476
Inventories	275,566	255,745
Prepaid expenses and other current assets	57,320	40,877
Prepaid income taxes	32,445	138,724
Total current assets	1,828,679	2,086,377
INVESTMENTS		2,366
PROPERTY AND EQUIPMENT, net	240,658	230,276
DEFERRED INCOME TAXES	85,253	92,333
GOODWILL	1,331,643	1,331,643
OTHER INTANGIBLE ASSETS, net	1,039,401	1,034,085
OTHER ASSETS	16,436	13,932
Total Assets	4,542,070	4,791,012
CURRENT LIABILITIES:
Accounts payable	267,117	245,910
Accrued liabilities	82,191	87,475
Accrued promotional allowances	178,193	137,998
Accrued distributor terminations	488	91
Deferred revenue	43,888	43,236
Accrued compensation	26,357	34,996
Income taxes payable	15,978	10,645
Total current liabilities	614,212	560,351
DEFERRED REVENUE	320,259	334,354
OTHER LIABILITIES	2,439	1,095
COMMITMENTS AND CONTINGENCIES (Note 11)
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 1,250,000 shares authorized; 630,330 shares issued and 552,457 shares outstanding as of June 30, 2018; 629,255 shares issued and 566,298 shares outstanding as of December 31, 2017	3,152	3,146
Additional paid-in capital	4,194,676	4,150,628
Retained earnings	3,407,806	2,928,226
Accumulated other comprehensive loss	(25,196)	(16,659)
Common stock in treasury, at cost; 77,873 shares and 62,957 shares as of June 30, 2018 and December 31, 2017, respectively	(3,975,278)	(3,170,129)
Total stockholders' equity	3,605,160	3,895,212
Total Liabilities and Stockholders' Equity	$ 4,542,070	$ 4,791,012

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Jun. 30, 2018	Dec. 31, 2017
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$ 0.005	$ 0.005
Common stock, shares authorized	1,250,000	1,250,000
Common stock, shares issued	630,330	629,255
Common stock, shares outstanding	552,457	566,298
Common stock in treasury, shares	77,873	62,957

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
NET SALES	$ 1,015,873	$ 907,068	$ 1,866,793	$ 1,649,214
COST OF SALES	395,615	323,571	731,279	584,843
GROSS PROFIT	620,258	583,497	1,135,514	1,064,371
OPERATING EXPENSES	262,637	233,456	497,979	450,068
OPERATING INCOME	357,621	350,041	637,535	614,303
INTEREST and OTHER INCOME (EXPENSE), net	476	(2,551)	2,281	(1,893)
INCOME BEFORE PROVISION FOR INCOME TAXES	358,097	347,490	639,816	612,410
PROVISION FOR INCOME TAXES	87,981	124,857	153,651	211,797
NET INCOME	$ 270,116	$ 222,633	$ 486,165	$ 400,613
NET INCOME PER COMMON SHARE:
Basic (in dollars per share)	$ 0.48	$ 0.39	$ 0.86	$ 0.71
Diluted (in dollars per share)	$ 0.48	$ 0.39	$ 0.85	$ 0.69
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS:
Basic (in shares)	559,867	567,910	562,917	567,384
Diluted (in shares)	566,352	578,020	570,231	577,719

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income, as reported	$ 270,116	$ 222,633	$ 486,165	$ 400,613
Other comprehensive income:
Change in foreign currency translation adjustment	(11,988)	5,111	(9,265)	6,311
Available-for-sale investments:
Change in net unrealized gains (losses)	513	(26)	728	105
Net change in available-for-sale investments	513	(26)	728	105
Other comprehensive (loss) income	(11,475)	5,085	(8,537)	6,416
Comprehensive income	$ 258,641	$ 227,718	$ 477,628	$ 407,029

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 486,165	$ 400,613
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	28,185	22,775
Gain on disposal of property and equipment	(308)	(436)
Stock-based compensation	28,345	25,983
Deferred income taxes	(76)	1,862
Effect on cash of changes in operating assets and liabilities:
Accounts receivable	(154,369)	(75,178)
TCCC Transaction receivable		125,000
Distributor receivables	5,826	(1,452)
Inventories	(22,753)	(24,859)
Prepaid expenses and other current assets	(15,977)	(8,131)
Prepaid income taxes	104,969	60,696
Accounts payable	24,684	8,784
Accrued liabilities	(15,617)	(667)
Accrued promotional allowances	43,196	25,805
Accrued distributor terminations	398	(7,917)
Accrued compensation	(8,413)	(7,225)
Income taxes payable	8,043	(5,362)
Other liabilities	1,344
Deferred revenue	(12,342)	(7,069)
Net cash provided by operating activities	501,300	533,222
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of available-for-sale investments	807,396	172,528
Purchases of available-for-sale investments	(342,463)	(286,858)
Purchases of property and equipment	(34,619)	(40,477)
Proceeds from sale of property and equipment	3,590	733
Decrease (Increase) in intangibles	(42)	26
Increase in other assets	(7,684)	(632)
Net cash provided by (used in) investing activities	426,178	(154,680)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on debt	(972)	(1,334)
Issuance of common stock	13,616	19,093
Purchases of common stock held in treasury	(805,149)	(302)
Net cash (used in) provided by financing activities	(792,505)	17,457
Effect of exchange rate changes on cash and cash equivalents	(3,908)	4,074
NET INCREASE IN CASH AND CASH EQUIVALENTS	131,065	400,073
CASH AND CASH EQUIVALENTS, beginning of period	528,622	377,582
CASH AND CASH EQUIVALENTS, end of period	659,687	777,655
Cash paid during the period for:
Interest	28	38
Income taxes	$ 41,780	$ 156,039

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS (Parenthetical) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS NON-CASH SUPPLEMENTAL DATA
Capital lease for acquisition of promotional vehicles	$ 0.7	$ 1.5
Accounts payable for property and equipment	1.5	0.3
Accrued liabilities for property and equipment	0.1	12.1
Accounts payable for other intangible assets	1.8	0
Accrued liabilities for other intangible assets	$ 9.5	$ 6.2

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
BASIS OF PRESENTATION	Jun. 30, 2018
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, 2017 (“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, 2018 and 2017, respectively, 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 amounts 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.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Jun. 30, 2018
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS Recently issued accounting pronouncements not yet adopted In February 2018, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2018-02 (ASU No. 2018-02), “Income Statement - Reporting Comprehensive Income (Topic 220)”, which amends the previous guidance to allow for certain tax effects “stranded” in accumulated other comprehensive income, which are impacted by the Tax Cuts and Jobs Act (the “Tax Reform Act”) , to be reclassified from accumulated other comprehensive income into retained earnings. This amendment pertains only to those items impacted by the new tax law and will not apply to any future tax effects stranded in accumulated other comprehensive income. This standard is effective for fiscal years beginning after December 15, 2018, and allows for early adoption. The Company is currently evaluating the impact of ASU No. 2018-02 on its financial position, results of operations and liquidity. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles and Other (Topic 350): Simplifying the Test for Goodwill Impairment ” , which eliminates the requirement to calculate the implied fair value of goodwill, but rather requires an entity to record an impairment charge based on the excess of a reporting unit’s carrying value over its fair value. This amendment is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company is currently evaluating the impact of ASU No. 2017-04 on its financial position, results of operations and liquidity. 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 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. Recently adopted accounting pronouncements In October 2016, the FASB issued ASU No. 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory”, in an effort to improve the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. Current GAAP prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. FASB ASU No. 2016-16 establishes the requirement that an entity recognizes the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. ASU No. 2016-16 was effective for financial statements issued for annual periods beginning after December 15, 2017 and interim periods within those annual periods. The Company adopted ASU No. 2016-16 effective January 1, 2018 on a modified retrospective basis, resulting in a $6.6 million reclassification of the unrecognized income tax effects related to assets transfers that occurred prior to the adoption from deferred income taxes to opening retained earnings. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)”, which superseded previous revenue recognition guidance. ASU No. 2014-09 and its amendments were included in Accounting Standards Codification (“ASC”) 606 “Revenue from Contracts with Customers”. ASC 606 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. The Company adopted ASC 606 effective January 1, 2018, using the modified retrospective approach, with no impact to the opening retained earnings. Results for periods beginning on or after January 1, 2018 are presented under ASC 606, while prior periods are not adjusted and continue to be reported in accordance with the prior accounting guidance under ASC 605 “Revenue Recognition”. See Note 3.

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
REVENUE RECOGNITION	Jun. 30, 2018
REVENUE RECOGNITION
REVENUE RECOGNITION	3. REVENUE RECOGNITION The Company currently has three operating and reportable segments, (i) Monster Energy® Drinks segment (“Monster Energy® Drinks”), which is comprised of the Company’s Monster Energy® drinks and Mutant® Super Soda drinks, (ii) Strategic Brands segment (“Strategic Brands”), which is comprised of the various energy drink brands acquired from The Coca-Cola Company (“TCCC”) in 2015, and (iii) Other segment (“Other”), which is comprised of certain products sold by American Fruits & Flavors LLC, a wholly-owned subsidiary of the Company, to independent third-party customers. The Company’s Monster Energy® Drinks segment generates net operating revenues by selling ready-to-drink packaged energy drinks primarily to bottlers and full service beverage distributors. In some cases, the Company sells directly to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, drug stores, 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, water and other ingredients to produce ready-to-drink packaged energy drinks. The ready-to-drink packaged energy drinks are then sold to other bottlers and full service distributors and to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, food service customers, drug stores and the military. To a lesser extent, our Strategic Brands segment generates net operating revenues by selling certain ready-to-drink packaged energy drinks to bottlers and full service beverage distributors. The majority of the Company’s revenue is recognized when it satisfies a single performance obligation by transferring control of its products to a customer. Control is generally transferred when the Company’s products are either shipped or delivered based on the terms contained within the underlying contracts or agreements. Certain of the Company’s bottlers/distributors may also perform a separate function as a co-packer on the Company’s behalf. In such cases, control of the Company’s products passes to such bottlers/distributors when they notify the Company that they have taken possession or transferred the relevant portion of the Company’s finished goods. The Company’s general payment terms are short-term in duration. The Company does not have significant financing components or payment terms. The Company did not have any material unsatisfied performance obligations as of June 30, 2018 or December 31, 2017. The Company excludes from revenues all taxes assessed by a governmental authority that are imposed on the sale of its products and collected from customers. Distribution expenses to transport the Company’s products, where applicable, and warehousing expense after manufacture are accounted for within operating expenses. There were no changes to the Company’s accounting for variable consideration under ASC 606. Promotional and other allowances (variable consideration) recorded as a reduction to net sales, primarily include consideration given to the Company’s bottlers/distributors or retail customers including, but not limited to the following:  discounts granted off list prices to support price promotions to end-consumers by retailers;  reimbursements given to the Company’s bottlers/distributors for agreed portions of their promotional spend with retailers, including slotting, shelf space allowances and other fees for both new and existing products;  the Company’s agreed share of fees given to bottlers/distributors and/or directly to retailers for advertising, in-store marketing and promotional activities;  the Company’s agreed share of slotting, shelf space allowances and other fees given directly to retailers;  incentives given to the Company’s bottlers/distributors and/or retailers for achieving or exceeding certain predetermined sales goals;  discounted or free products;  contractual fees given to the Company’s bottlers/distributors related to sales made by the Company direct to certain customers that fall within the bottlers’/distributors’ sales territories; and  certain commissions paid based on sales to the Company’s bottlers/distributors. The Company’s promotional allowance programs with its bottlers/distributors and/or retailers are executed through separate agreements in the ordinary course of business. These agreements generally provide for one or more of the arrangements described above and are of varying durations, ranging from one week to one year. The Company’s promotional and other allowances are calculated based on various programs with bottlers/distributors and retail customers, and accruals are established during the year for its anticipated liabilities. These accruals are based on agreed upon terms as well as the Company’s historical experience with similar programs and require management’s judgment with respect to estimating consumer participation and/or distributor and retail customer performance levels. Differences between such estimated expenses and actual expenses for promotional and other allowance costs have historically been insignificant and are recognized in earnings in the period such differences are determined. Upon adoption of ASC 606, commissions paid to TCCC based on sales to certain of the Company’s bottlers/distributors who are (i) consolidated subsidiaries of TCCC (the “TCCC Subsidiaries”), (ii) accounted for under the equity method by TCCC (the “TCCC Related Parties”) and (iii) those not included in (i) or (ii) (the “TCCC Independent Bottlers”) are accounted for as follows: Three- and Six-Months Ended June 30, 2018 Commissions Related To: As Reported Without Adoption of TCCC Subsidiaries Reduction to net sales Reduction to net sales TCCC Related Parties Reduction to net sales Operating expenses TCCC Independent Bottlers Operating expenses Operating expenses The impact of the adoption of ASC 606 on the Company’s condensed consolidated statement of income for the three- and six-months ended June 30, 2018 was as follows: Three-Months Ended June 30, 2018 As Reported Without Adoption Decrease due to Net Sales $ $ $ 1 Operating Expenses $ $ $ 1 Six-Months Ended June 30, 2018 As Reported Without Adoption Decrease due to Net Sales $ $ $ 1 Operating Expenses $ $ $ 1 1 TCCC Commissions based on sales to the TCCC Related Parties. There were no other identified changes to our revenue recognition policies as a result of the adoption of ASC 606. Disaggregation of Revenue The following table disaggregates the Company’s revenue by geographical markets and reportable segments: Three-Months Ended June 30, 2018 Net Sales U.S. and EMEA 1 Asia Pacific Latin Total Monster Energy® Drinks $ $ $ $ $ Strategic Brands Other - - - Total Net Sales $ $ $ $ $ Six-Months Ended June 30, 2018 Net Sales U.S. and EMEA 1 Asia Pacific Latin Total Monster Energy® Drinks $ $ $ $ $ Strategic Brands Other - - - Total Net Sales $ $ $ $ $ 1 Europe, Middle East and Africa (“EMEA”) Contract Liabilities Amounts received from certain bottlers/distributors at inception of their distribution contracts or at the inception of certain sales/marketing programs are accounted for as deferred revenue. As of June 30, 2018, the Company had $364.1 million of deferred revenue, which is included in current and long-term deferred revenue in the Company’s condensed consolidated balance sheet. As of December 31, 2017, the Company had $377.6 million of deferred revenue, which is included in current and long-term deferred revenue in the Company’s condensed consolidated balance sheet. During the three- and six-months ended June 30, 2018, $11.0 million and $22.2 million, respectively, of deferred revenue was recognized in net sales. See Note 10.

INVESTMENTS

INVESTMENTS	6 Months Ended
INVESTMENTS	Jun. 30, 2018
INVESTMENTS
INVESTMENTS	4. INVESTMENTS The following table summarizes the Company’s investments at: June 30, 2018 Amortized Gross Gross Fair Continuous Continuous Available-for-sale Short-term: Commercial paper $ 15,177 $ - $ - $ 15,177 $ - $ - Municipal securities 149,048 5 56 148,997 56 - U.S. government agency securities 46,982 - 63 46,919 63 - Variable rate demand notes - - - - - - Total $ 211,207 $ 5 $ 119 $ 211,093 $ 119 $ - December 31, 2017 Amortized Gross Gross Fair Continuous Continuous Available-for-sale Short-term: Commercial paper $ 81,026 $ - $ - $ 81,026 $ - $ - Certificates of deposit 11,869 - - 11,869 - - Municipal securities 469,604 1 740 468,865 740 - U.S. government agency securities 61,307 - 88 61,219 88 - Variable rate demand notes 49,954 - - 49,954 - - Long-term: U.S. government agency securities 2,369 - 3 2,366 3 - Total $ 676,129 $ 1 $ 831 $ 675,299 $ 831 $ - During the six-months ended June 30, 2018 and 2017, realized gains or losses recognized on the sale of investments were not significant. The Company’s investments at June 30, 2018 and December 31, 2017 in commercial paper, certificates of deposit, municipal securities, U.S. government agency securities and/or variable rate demand notes (“VRDNs”) carried investment grade credit ratings. VRDNs are floating rate municipal bonds with embedded put options that allow the bondholder to sell the security at par plus accrued interest. All of the put options are secured by a pledged liquidity source. While they are classified as marketable investment securities, the put option allows the VRDNs to be liquidated at par on a same day, or more generally, on a seven-day settlement basis. The following table summarizes the underlying contractual maturities of the Company’s investments at: June 30, 2018 December 31, 2017 Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: Commercial paper $ 15,177 $ 15,177 $ 81,026 $ Municipal securities 149,048 148,997 469,604 U.S. government agency securities 46,982 46,919 61,307 Certificates of deposit - - 11,869 Due 1 -10 years: U.S. government agency securities - - 2,369 Variable rate demand notes - - 6,366 Due 11 - 20 years: Variable rate demand notes - - 28,377 Due 21 - 30 years: Variable rate demand notes - - 15,211 Total $ 211,207 $ 211,093 $ 676,129 $

FAIR VALUE OF CERTAIN FINANCIAL

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	6 Months Ended
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	Jun. 30, 2018
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 that 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 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, 2018 Level 1 Level 2 Level 3 Total Cash $ $ - $ - $ Money market funds - - Commercial paper - - 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, 2017 Level 1 Level 2 Level 3 Total Cash $ $ - $ - $ Money market funds - - Certificates of deposit - - Commercial paper - - Variable rate demand notes - - Municipal securities - - U.S. government agency securities - - U.S. Treasuries - - 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, commercial paper, certificates of deposit, VRDNs, U.S. Treasuries and U.S. government agency securities, 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 currency 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, 2018 or the year ended December 31, 2017, and there were no changes in the Company’s valuation techniques.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	6 Months Ended
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	Jun. 30, 2018
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 three- and six-months ended June 30, 2018 and the year ended December 31, 2017, 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, 2018 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 income (expense), 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, 2018 Derivatives not designated as Notional Fair Balance Sheet Location Assets: Foreign currency exchange contracts: Receive SGD/pay USD $ $ Accounts receivable, net Receive USD/pay NZD Accounts receivable, net Receive NOK/pay USD Accounts receivable, net Liabilities: Foreign currency exchange contracts: Receive USD/pay EUR $ $ Accrued liabilities Receive USD/pay GBP Accrued liabilities Receive USD/pay ZAR Accrued liabilities Receive USD/pay AUD Accrued liabilities Receive USD/pay TRY Accrued liabilities Receive USD/pay COP Accrued liabilities Receive USD/pay MXN Accrued liabilities Receive USD/pay RUB Accrued liabilities December 31, 2017 Derivatives not designated as Notional Fair Balance Sheet Location Assets: Foreign currency exchange contracts: Receive CAD/pay USD $ $ Accounts receivable, net Receive USD/pay COP Accounts receivable, net Receive USD/pay BRL Accounts receivable, net Receive NOK/pay USD Accounts receivable, net Receive SGD/pay USD Accounts receivable, net Liabilities: Foreign currency exchange contracts: Receive USD/pay EUR $ $ Accrued liabilities Receive USD/pay GBP Accrued liabilities Receive USD/pay ZAR Accrued liabilities Receive USD/pay AUD Accrued liabilities Receive USD/pay MXN Accrued liabilities Receive USD/pay TRY 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) Three-months ended Derivatives not designated as Location of gain (loss) June 30, 2018 June 30, 2017 Foreign currency exchange contracts Interest and other income (expense), net $ $ Amount of gain (loss) Six-months ended Derivatives not designated as Location of gain (loss) June 30, 2018 June 30, 2017 Foreign currency exchange contracts Interest and other income (expense), net $ $

INVENTORIES

INVENTORIES	6 Months Ended
INVENTORIES	Jun. 30, 2018
INVENTORIES
INVENTORIES	7. INVENTORIES Inventories consist of the following at: June 30, December 31, Raw materials $ $ Finished goods $ $

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	6 Months Ended
PROPERTY AND EQUIPMENT, NET	Jun. 30, 2018
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET	8. PROPERTY AND EQUIPMENT, NET Property and equipment consist of the following at: June 30, 2018 December 31, Land $ $ Leasehold improvements Furniture and fixtures Office and computer equipment Computer software Equipment Buildings Vehicles Less: accumulated depreciation and amortization $ $ Total depreciation and amortization expense recorded was $11.2 million and $8.6 million for the three-months ended June 30, 2018 and 2017, respectively. Total depreciation and amortization expense recorded was $22.2 million and $16.8 million for the six-months ended June 30, 2018 and 2017, respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS	Jun. 30, 2018
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, 2018 and 2017 by reportable segment: Monster Strategic Other Total Balance at December 31, 2017 $ $ $ - $ Acquisitions - - - - Balance at June 30, 2018 $ $ $ - $ Monster Strategic Other Total Balance at December 31, 2016 $ $ $ - $ Acquisitions - - - - Balance at June 30, 2017 $ $ $ - $ Intangible assets consist of the following at: June 30, December 31, 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 $3.0 million for both the three-months ended June 30, 2018 and 2017. Total amortization expense recorded was $6.0 million for both the six-months ended June 30, 2018 and 2017.

DISTRIBUTION AGREEMENTS

DISTRIBUTION AGREEMENTS	6 Months Ended
DISTRIBUTION AGREEMENTS	Jun. 30, 2018
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 $5.5 million and $0.2 million for the three-months ended June 30, 2018 and 2017, respectively. The Company incurred termination costs of $12.5 million and $20.1 million for the six-months ended June 30, 2018 and 2017, respectively. Such termination costs have been expensed in full and are included in operating expenses for the three- and six-months ended June 30, 2018 and 2017. 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 $11.0 million and $10.2 million for the three-months ended June 30, 2018 and 2017, respectively. Revenue recognized was $22.2 million and $20.1 million for the six-months ended June 30, 2018 and 2017, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 30, 2018
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	11. COMMITMENTS AND CONTINGENCIES The Company had purchase commitments aggregating approximately $50.0 million at June 30, 2018, 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 $154.2 million at June 30, 2018, which related primarily to sponsorships and other marketing activities. The Company had operating lease commitments aggregating approximately $16.3 million at June 30, 2018, which related primarily to warehouse and office space. In February 2018, the working capital line limit for the Company’s credit facility with HSBC Bank (China) Company Limited, Shanghai Branch was increased from $9.0 million to $15.0 million. At June 30, 2018, the interest rate on borrowings under the line of credit was 5.5%. As of June 30, 2018, the Company had $11.2 million outstanding on this line of credit, including interest, which is included in accounts payable in the condensed consolidated balance sheet. Legal Proceedings Litigation — The Company has been named a defendant in 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. Furthermore, from time to time in the normal course of business, the Company is named in other litigation, including consumer class actions, intellectual property litigation and claims from prior 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, 2018, the Company’s condensed consolidated balance sheet includes accrued loss contingencies of approximately $3.3 million.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS	Jun. 30, 2018
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, 2018 are as follows: Currency Unrealized Total Balance at December 31, 2017 $ $ $ Other comprehensive loss (gain) before reclassifications Amounts reclassified from accumulated other comprehensive loss (gain) - - - Net current-period other comprehensive loss (gain) Balance at June 30, 2018 $ $ $

TREASURY STOCK

TREASURY STOCK	6 Months Ended
TREASURY STOCK	Jun. 30, 2018
TREASURY STOCK
TREASURY STOCK	13. TREASURY STOCK On February 27, 2018, the Company’s Board of Directors authorized a share repurchase program for the purchase of up to $250.0 million of the Company’s outstanding common stock (the “February 2018 Repurchase Program”). During the three-months ended June 30, 2018, the Company purchased 5.0 million shares of common stock at an average purchase price of $49.81 per share, for a total amount of $249.9 million (excluding broker commissions), which exhausted the availability under the February 2018 Repurchase Program. Such shares are included in common stock in treasury in the accompanying condensed consolidated balance sheet at June 30, 2018. On May 29, 2018, the Company’s Board of Directors authorized a share repurchase program for the purchase of up to $500.0 million of the Company’s outstanding common stock (the “May 2018 Repurchase Program”). During the three-months ended June 30, 2018, the Company purchased 5.5 million shares of common stock at an average purchase price of $54.78 per share, for a total amount of $303.2 million (excluding broker commissions), under the May 2018 Repurchase Program. Such shares are included in common stock in treasury in the accompanying condensed consolidated balance sheet at June 30, 2018. As of August 9, 2018, $196.7 million remained available for repurchase under the May 2018 Repurchase Program. On August 7, 2018, the Company’s Board of Directors authorized a new repurchase program for the repurchase of up to an additional $500.0 million of the Company’s outstanding common stock (the “August 2018 Repurchase Program”). As of August 9, 2018, $500.0 million remained available for repurchase under the August 2018 Repurchase Program. During the three-months ended June 30, 2018, 504 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 $0.03 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, 2018.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
STOCK-BASED COMPENSATION	Jun. 30, 2018
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, 2018: the Monster Beverage Corporation 2011 Omnibus Incentive Plan (the “2011 Omnibus Incentive Plan”), including the Monster Beverage Deferred Compensation Plan (the “Deferred Compensation Plan”) as a sub plan thereunder, and the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors (the “2017 Directors Plan”), including the Monster Beverage Deferred Compensation Plan for Non-Employee Directors (the “Non-Employee Director Deferral Plan”) as a sub plan thereunder. The Company recorded $14.9 million and $12.8 million of compensation expense relating to outstanding options and restricted stock units during the three-months ended June 30, 2018 and 2017, respectively. The Company recorded $28.3 million and $26.0 million of compensation expense relating to outstanding options and restricted stock units during the six-months ended June 30, 2018 and 2017, respectively. The excess tax benefit for tax deductions from non-qualified stock option exercises, disqualifying dispositions of incentive stock options and vesting of restricted stock units for the three-months ended June 30, 2018 and 2017 was $1.7 million and $1.9 million, respectively. The excess tax benefit for tax deductions from non-qualified stock option exercises, disqualifying dispositions of incentive stock options and vesting of restricted stock units for the six-months ended June 30, 2018 and 2017 was $4.5 million and $11.3 million, respectively. Stock Options Under the Company’s stock-based compensation plans, all stock options granted as of June 30, 2018 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, 2018 2017 2018 2017 Dividend yield Expected volatility Risk-free interest rate Expected term 6.1 years 6.1 years 6.1 years 6.1 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 the 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 Weighted- Weighted- Aggregate Outstanding at January 1, 2018 $ $ 600,032 Granted 01/01/18 - 03/31/18 $ Granted 04/01/18 - 06/30/18 $ Exercised $ Cancelled or forfeited $ Outstanding at June 30, 2018 $ $ Vested and expected to vest in the future at June 30, 2018 $ $ 451,327 Exercisable at June 30, 2018 $ $ 371,252 The weighted-average grant-date fair value of options granted during the three-months ended June 30, 2018 and 2017 was $20.20 per share and $18.97 per share, respectively. The weighted-average grant-date fair value of options granted during the six-months ended June 30, 2018 and 2017 was $22.51 per share and $18.01 per share, respectively. The total intrinsic value of options exercised during the three-months ended June 30, 2018 and 2017 was $14.7 million and $8.5 million, respectively. The total intrinsic value of options exercised during the six-months ended June 30, 2018 and 2017 was $32.9 million and $40.9 million, respectively. Cash received from option exercises under all plans for the three-months ended June 30, 2018 and 2017 was approximately $7.1 million and $5.5 million, respectively. Cash received from option exercises under all plans for the six-months ended June 30, 2018 and 2017 was approximately $13.6 million and $19.1 million, respectively. At June 30, 2018, there was $121.1 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 3.0 years. Restricted Stock Units The cost of stock-based compensation for 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 units as follows: Number of Weighted Non-vested at January 1, 2018 $ Granted 01/01/18- 03/31/18 $ Granted 04/01/18- 06/30/18 $ Vested $ Forfeited/cancelled $ Non-vested at June 30, 2018 $ The weighted-average grant-date fair value of restricted stock units granted during the three-months ended June 30, 2018 and 2017 was $52.31 per share and $50.86 per share, respectively. The weighted-average grant-date fair value of restricted stock units granted during the six-months ended June 30, 2018 and 2017 was $57.59 per share and $46.65 per share, respectively. As of June 30, 2018, 0.5 million of restricted stock units are expected to vest over their respective terms. At June 30, 2018, total unrecognized compensation expense relating to non-vested restricted stock units was $22.2 million, which is expected to be recognized over a weighted-average period of 2.1 years.

INCOME TAXES

INCOME TAXES	6 Months Ended
INCOME TAXES	Jun. 30, 2018
INCOME TAXES
INCOME TAXES	15. INCOME TAXES On December 22, 2017, the President of the United States signed into law the Tax Reform Act. The legislation significantly changes U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system and imposing a repatriation tax on deemed repatriated earnings of foreign subsidiaries. The Tax Reform Act permanently reduces the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018. The SEC staff issued Staff Accounting Bulletin No. 118 (“SAB 118”) to address the application of U.S. GAAP in situations when a registrant does not have the necessary information available, prepared, or analyzed (including computations) in reasonable detail to complete the accounting for certain income tax effects of the Tax Reform Act. A company may select between one of three scenarios to determine a reasonable estimate for certain income tax effects arising from the Tax Reform Act. Those scenarios are (i) a final estimate which effectively closes the measurement window; (ii) a reasonable estimate leaving the measurement window open for future revisions; and (iii) no estimate as the law is still being analyzed. The Company was able to provide a reasonable estimate for the revaluation of deferred taxes and the effects of the toll charge on undistributed foreign subsidiary earnings and profits (“E&P”). As a result of the reduction in the U.S. corporate income tax rate from 35% to 21% under the Tax Reform Act, the Company revalued its net deferred tax assets at December 31, 2017, resulting in a provisional $39.8 million charge included in the provision for income taxes for the year ended December 31, 2017. The Tax Reform Act also provided for a one-time deemed mandatory repatriation of Post-1986 E&P through the year ended December 31, 2017. As a result, the Company recognized a provisional $2.1 million charge in the provision for income taxes for the year ended December 31, 2017 related to such deemed mandatory repatriation. The Company has not made additional measurement window adjustments to these items during the three- and six-months ended June 30, 2018. The Company continues to evaluate the various provisions of the Tax Reform Act, including, the global intangible low-taxed income (“GILTI”) and the foreign derived intangible income (“FDII”) provisions. The ultimate impact of the Tax Reform Act may differ from these provisional amounts, possibly materially, due to, among other things, additional analysis, changes in interpretations and assumptions the Company has made, additional regulatory guidance that may be issued, as well as any related actions the Company may take. The measurement window begins in the reporting period that includes the enactment date and ends when an entity has obtained, prepared and analyzed the information needed in order to complete the accounting requirements under ASC Topic 740. 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, 2018: Gross Unrecognized Tax Balance at December 31, 2017 $ 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, 2018 $ 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, 2018, the Company had approximately $1.0 million in accrued 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 any 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 October 18, 2016, the IRS began its examination of the Company’s U.S. federal income tax return for the year ended December 31, 2014. On March 27, 2017, the IRS began its examination of the Company’s U.S. federal income tax return for the year ended December 31, 2015. The Company is in various stages of examination with certain states and certain foreign jurisdictions. The Company’s 2014 through 2017 U.S. federal income tax returns are subject to examination by the IRS. The Company’s state income tax returns are subject to examination for the 2013 through 2017 tax years.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
EARNINGS PER SHARE	Jun. 30, 2018
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 (in thousands): Three-Months Ended Six-Months Ended June 30, June 30, 2018 2017 2018 2017 Weighted-average shares outstanding: Basic Dilutive Diluted For the three-months ended June 30, 2018 and 2017, options and awards outstanding totaling 6.4 million shares and 8.8 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive. For the six-months ended June 30, 2018 and 2017, options and awards outstanding totaling 2.6 million shares and 8.4 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
SEGMENT INFORMATION	Jun. 30, 2018
SEGMENT INFORMATION
SEGMENT INFORMATION	17. SEGMENT INFORMATION The Company currently has three operating and reportable segments, (i) Monster Energy® Drinks segment, which is comprised of the Company’s Monster Energy® drinks and Mutant® Super Soda drinks, (ii) Strategic Brands segment, which is comprised of the various energy drink brands acquired from TCCC in 2015, and (iii) Other segment, which is comprised of certain products sold by American Fruits & Flavors LLC, a wholly-owned subsidiary of the Company, to independent third-party customers. The Company’s Monster Energy® Drinks segment primarily generates net operating revenues by selling ready-to-drink packaged drinks primarily to bottlers and full service beverage distributors. In some cases, the Company sells directly to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, 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, water and other ingredients to produce ready-to-drink packaged energy drinks. The ready-to-drink packaged energy drinks are then sold to other bottlers, full service distributors or retailers, including, retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, food service customers, drug stores and the military. To a lesser extent, the Company’s Strategic Brands segment generates net operating revenues by selling certain ready-to-drink packaged energy drinks to bottlers and full service beverage distributors. 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, 2018 and 2017 are as follows: Three-Months Ended Six-Months Ended June 30, June 30, 2018 2017 2018 2017 Net sales: Monster Energy® Drinks ( ¹ ) $ $ $ $ Strategic Brands Other Corporate and unallocated - - - - $ $ $ $ Three-Months Ended Six-Months Ended June 30, June 30, 2018 2017 2018 2017 Operating Income: Monster Energy® Drinks ( ¹ ) (2) $ $ $ $ Strategic Brands Other Corporate and unallocated $ $ $ $ Three-Months Ended Six-Months Ended June 30, June 30, 2018 2017 2018 2017 Income before tax: Monster Energy® Drinks ( ¹ ) (2) $ $ $ $ Strategic Brands Other Corporate and unallocated $ $ $ $ (1) Includes $11.0 million and $10.2 million for the three-months ended June 30, 2018 and 2017, respectively, related to the recognition of deferred revenue. Includes $22.2 million and $20.1 million for the six-months ended June 30, 2018 and 2017, respectively, related to the recognition of deferred revenue. (2) Includes $5.5 million and $0.2 million for the three-months ended June 30, 2018 and 2017, respectively, related to distributor termination costs. Includes $12.5 million and $20.1 million for the six-months ended June 30, 2018 and 2017, respectively, related to distributor termination costs. Three-Months Ended Six-Months Ended June 30, June 30, 2018 2017 2018 2017 Depreciation and amortization: Monster Energy® Drinks $ $ $ $ Strategic Brands Other Corporate and unallocated $ $ $ $ Corporate and unallocated expenses for the three-months ended June 30, 2018 include $44.7 million of payroll costs, of which $14.9 million was attributable to stock-based compensation expenses (see Note 14, “Stock-Based Compensation”), as well as $11.8 million attributable to professional service expenses, including accounting and legal costs, and $11.6 million of other operating expenses. Corporate and unallocated expenses for the three-months ended June 30, 2017 include $38.4 million of payroll costs, of which $12.8 million was attributable to stock-based compensation expenses (see Note 14, “Stock-Based Compensation”), as well as $14.0 million attributable to professional service expenses, including accounting and legal costs, and $8.6 million of other operating expenses. Corporate and unallocated expenses for the six-months ended June 30, 2018 include $87.8 million of payroll costs, of which $28.3 million was attributable to stock-based compensation expenses (see Note 14, “Stock-Based Compensation”), as well as $24.2 million attributable to professional service expenses, including accounting and legal costs, and $21.4 million of other operating expenses. Corporate and unallocated expenses for the six-months ended June 30, 2017 include $76.1 million of payroll costs, of which $26.0 million was attributable to stock-based compensation expenses (see Note 14, “Stock-Based Compensation”), as well as $26.4 million attributable to professional service expenses, including accounting and legal costs, and $17.3 million of other operating expenses. TCCC, through the TCCC Subsidiaries, accounted for approximately 4% and 17% of the Company’s net sales for the three-months ended June 30, 2018 and 2017, respectively. TCCC, through the TCCC Subsidiaries, accounted for approximately 4% and 25% of the Company’s net sales for the six-months ended June 30, 2018 and 2017, respectively. As part of TCCC’s North America Refranchising initiative (the “North America Refranchising”), the territories of certain TCCC Subsidiaries have been transitioned to certain independent TCCC bottlers/distributors and/or TCCC Related Parties. Accordingly, the Company’s percentage of net sales classified as sales to the TCCC Subsidiaries significantly decreased for three- and six-months ended June 30, 2018. CCBCC Operations, LLC accounted for approximately 13% of the Company’s net sales for both the three-months ended June 30, 2018 and 2017. CCBCC Operations, LLC accounted for approximately 13% and 12% of the Company’s net sales for the six-months ended June 30, 2018 and 2017, respectively. Coca-Cola European Partners accounted for approximately 9% of the Company’s net sales for both the three-months ended June 30, 2018 and 2017. Coca-Cola European Partners accounted for approximately 10% and 9% of the Company’s net sales for the six-months ended June 30, 2018 and 2017, respectively. Reyes Coca-Cola Bottling accounted for approximately 12% and 5% of the Company’s net sales for the three-months ended June 30, 2018 and 2017, respectively. Reyes Coca-Cola Bottling accounted for approximately 13% and 4% of the Company’s net sales for the six-months ended June 30, 2018 and 2017, respectively. Net sales to customers outside the United States amounted to $293.8 million and $247.9 million for the three-months ended June 30, 2018 and 2017, respectively. Net sales to customers outside the United States amounted to $535.9 million and $438.8 million for the six-months ended June 30, 2018 and 2017, respectively. Goodwill and other intangible assets for the Company’s reportable segments as of June 30, 2018 and December 31, 2017 are as follows: June 30, December 31, 2018 2017 Goodwill and other intangible assets: Monster Energy® Drinks $ $ Strategic Brands Other Corporate and unallocated - - $ $

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
RELATED PARTY TRANSACTIONS	Jun. 30, 2018
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	18. RELATED PARTY TRANSACTIONS TCCC controls approximately 18% of the voting interests of the Company. The TCCC Subsidiaries, the TCCC Related Parties and the TCCC Independent Bottlers, purchase and distribute certain of the Company’s products in certain domestic and international markets. The Company also pays TCCC a commission based on certain sales within the TCCC distribution network. TCCC commissions, based on sales to the TCCC Subsidiaries and the TCCC Related Parties, for the three- and six-months ended June 30, 2018 were $13.2 million and $24.5 million, respectively, and are included as a reduction to net sales. TCCC commissions, based on sales to the TCCC Independent Bottlers for the three- and six-months ended June 30, 2018 were $4.3 million and $7.5 million, respectively, and are included in operating expenses. TCCC commissions, based on sales to the TCCC Subsidiaries, for the three- and six-months ended June 30, 2017 were $2.1 million and $5.7 million, respectively, and are included as a reduction to net sales. TCCC commissions, based on sales to the TCCC Related Parties and the TCCC Independent Bottlers, for the three- and six-months ended June 30, 2017 were $12.8 million and $20.7 million, respectively, and are included in operating expenses. Upon adoption of ASC 606, commissions paid to TCCC, based on sales to the TCCC Related Parties, are included as a reduction to net sales. Prior to January 1, 2018, such commissions, based on sales to the TCCC Related Parties, were included in operating expenses. Net sales to the TCCC Subsidiaries for the three-months ended June 30, 2018 and 2017 were $39.6 million and $154.5 million, respectively. Net sales to the TCCC Subsidiaries for the six-months ended June 30, 2018 and 2017 were $74.6 million and $409.7 million, respectively. As part of the North America Refranchising, the territories of certain TCCC Subsidiaries have been transitioned to certain independent TCCC bottlers/distributors and/or TCCC Related Parties. Accordingly, the Company’s net sales classified as sales to the TCCC Subsidiaries significantly decreased for the three- and six-months ended June 30, 2018. The Company also purchases concentrates from TCCC which are then sold to certain of the Company’s bottlers/distributors. Concentrate purchases from TCCC were $11.3 million and $6.6 million for the three-months ended June 30, 2018 and 2017, respectively. Concentrate purchases from TCCC were $14.2 million and $12.5 million for the six-months ended June 30, 2018 and 2017, respectively. Certain TCCC Subsidiaries also contract manufacture certain of the Company’s Monster Energy® brand energy drinks. Such contract manufacturing expenses were $6.4 million and $2.9 million for the three-months ended June 30, 2018 and 2017, respectively. Such contract manufacturing expenses were $11.8 million and $5.1 million for the six-months ended June 30, 2018 and 2017, respectively. Accounts receivable, accounts payable and accrued promotional allowances related to the TCCC Subsidiaries are as follows at: June 30, 2018 December 31, 2017 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, 2018 and 2017 were $0.6 million and $1.2 million, respectively. Expenses incurred with such company in connection with promotional materials purchased during both the six-months ended June 30, 2018 and 2017 were $1.4 million.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
REVENUE RECOGNITION (Tables)	Jun. 30, 2018
Schedule of disaggregation of revenue by geographical markets	Three-Months Ended June 30, 2018 Net Sales U.S. and EMEA 1 Asia Pacific Latin Total Monster Energy® Drinks $ $ $ $ $ Strategic Brands Other - - - Total Net Sales $ $ $ $ $ Six-Months Ended June 30, 2018 Net Sales U.S. and EMEA 1 Asia Pacific Latin Total Monster Energy® Drinks $ $ $ $ $ Strategic Brands Other - - - Total Net Sales $ $ $ $ $ 1 Europe, Middle East and Africa (“EMEA”)
Accounting Standards Update 2014-09
Schedule of impact of adoption of ASC 606	Three-Months Ended June 30, 2018 As Reported Without Adoption Decrease due to Net Sales $ $ $ 1 Operating Expenses $ $ $ 1 Six-Months Ended June 30, 2018 As Reported Without Adoption Decrease due to Net Sales $ $ $ 1 Operating Expenses $ $ $ 1 1 TCCC Commissions based on sales to the TCCC Related Parties. There were no other identified changes to our revenue recognition policies as a result of the adoption of ASC 606.

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
INVESTMENTS (Tables)	Jun. 30, 2018
INVESTMENTS
Summary of investments in available-for-sale	June 30, 2018 Amortized Gross Gross Fair Continuous Continuous Available-for-sale Short-term: Commercial paper $ 15,177 $ - $ - $ 15,177 $ - $ - Municipal securities 149,048 5 56 148,997 56 - U.S. government agency securities 46,982 - 63 46,919 63 - Variable rate demand notes - - - - - - Total $ 211,207 $ 5 $ 119 $ 211,093 $ 119 $ - December 31, 2017 Amortized Gross Gross Fair Continuous Continuous Available-for-sale Short-term: Commercial paper $ 81,026 $ - $ - $ 81,026 $ - $ - Certificates of deposit 11,869 - - 11,869 - - Municipal securities 469,604 1 740 468,865 740 - U.S. government agency securities 61,307 - 88 61,219 88 - Variable rate demand notes 49,954 - - 49,954 - - Long-term: U.S. government agency securities 2,369 - 3 2,366 3 - Total $ 676,129 $ 1 $ 831 $ 675,299 $ 831 $ -
Summarizes the underlying contractual maturities of the Company's investments	June 30, 2018 December 31, 2017 Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: Commercial paper $ 15,177 $ 15,177 $ 81,026 $ Municipal securities 149,048 148,997 469,604 U.S. government agency securities 46,982 46,919 61,307 Certificates of deposit - - 11,869 Due 1 -10 years: U.S. government agency securities - - 2,369 Variable rate demand notes - - 6,366 Due 11 - 20 years: Variable rate demand notes - - 28,377 Due 21 - 30 years: Variable rate demand notes - - 15,211 Total $ 211,207 $ 211,093 $ 676,129 $

FAIR VALUE OF CERTAIN FINANCI28

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2018
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Schedule of financial assets and liabilities recorded at fair value on a recurring basis	June 30, 2018 Level 1 Level 2 Level 3 Total Cash $ $ - $ - $ Money market funds - - Commercial paper - - 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, 2017 Level 1 Level 2 Level 3 Total Cash $ $ - $ - $ Money market funds - - Certificates of deposit - - Commercial paper - - Variable rate demand notes - - Municipal securities - - U.S. government agency securities - - U.S. Treasuries - - Foreign currency derivatives - ) - ) Total $ $ $ - $ Amounts included in: Cash and cash equivalents $ $ $ - $ Short-term investments - - Accounts receivable, net - - Investments - - Accrued liabilities - ) - ) Total $ $ $ - $

DERIVATIVE INSTRUMENTS AND HE29

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	6 Months Ended
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	Jun. 30, 2018
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, 2018 Derivatives not designated as Notional Fair Balance Sheet Location Assets: Foreign currency exchange contracts: Receive SGD/pay USD $ $ Accounts receivable, net Receive USD/pay NZD Accounts receivable, net Receive NOK/pay USD Accounts receivable, net Liabilities: Foreign currency exchange contracts: Receive USD/pay EUR $ $ Accrued liabilities Receive USD/pay GBP Accrued liabilities Receive USD/pay ZAR Accrued liabilities Receive USD/pay AUD Accrued liabilities Receive USD/pay TRY Accrued liabilities Receive USD/pay COP Accrued liabilities Receive USD/pay MXN Accrued liabilities Receive USD/pay RUB Accrued liabilities December 31, 2017 Derivatives not designated as Notional Fair Balance Sheet Location Assets: Foreign currency exchange contracts: Receive CAD/pay USD $ $ Accounts receivable, net Receive USD/pay COP Accounts receivable, net Receive USD/pay BRL Accounts receivable, net Receive NOK/pay USD Accounts receivable, net Receive SGD/pay USD Accounts receivable, net Liabilities: Foreign currency exchange contracts: Receive USD/pay EUR $ $ Accrued liabilities Receive USD/pay GBP Accrued liabilities Receive USD/pay ZAR Accrued liabilities Receive USD/pay AUD Accrued liabilities Receive USD/pay MXN Accrued liabilities Receive USD/pay TRY 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) Three-months ended Derivatives not designated as Location of gain (loss) June 30, 2018 June 30, 2017 Foreign currency exchange contracts Interest and other income (expense), net $ $ Amount of gain (loss) Six-months ended Derivatives not designated as Location of gain (loss) June 30, 2018 June 30, 2017 Foreign currency exchange contracts Interest and other income (expense), net $ $

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
INVENTORIES (Tables)	Jun. 30, 2018
INVENTORIES
Schedule of inventories	June 30, December 31, Raw materials $ $ Finished goods $ $

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	6 Months Ended
PROPERTY AND EQUIPMENT, NET (Tables)	Jun. 30, 2018
PROPERTY AND EQUIPMENT, NET
Schedule of property and equipment	June 30, 2018 December 31, Land $ $ Leasehold improvements Furniture and fixtures Office and computer equipment Computer software Equipment Buildings Vehicles Less: accumulated depreciation and amortization $ $

GOODWILL AND OTHER INTANGIBLE32

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	Jun. 30, 2018
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of Goodwill	Monster Strategic Other Total Balance at December 31, 2017 $ $ $ - $ Acquisitions - - - - Balance at June 30, 2018 $ $ $ - $ Monster Strategic Other Total Balance at December 31, 2016 $ $ $ - $ Acquisitions - - - - Balance at June 30, 2017 $ $ $ - $
Schedule of intangibles	June 30, December 31, Amortizing intangibles $ $ Accumulated amortization Non-amortizing intangibles $ $

ACCUMULATED OTHER COMPREHENSI33

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	Jun. 30, 2018
ACCUMULATED OTHER COMPREHENSIVE LOSS
Changes in accumulated other comprehensive loss by component, after tax	Currency Unrealized Total Balance at December 31, 2017 $ $ $ Other comprehensive loss (gain) before reclassifications Amounts reclassified from accumulated other comprehensive loss (gain) - - - Net current-period other comprehensive loss (gain) Balance at June 30, 2018 $ $ $

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
STOCK-BASED COMPENSATION (Tables)	Jun. 30, 2018
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, 2018 2017 2018 2017 Dividend yield Expected volatility Risk-free interest rate Expected term 6.1 years 6.1 years 6.1 years 6.1 years
Summary of Company's activities with respect to its stock option plans	Options Number of Weighted- Weighted- Aggregate Outstanding at January 1, 2018 $ $ 600,032 Granted 01/01/18 - 03/31/18 $ Granted 04/01/18 - 06/30/18 $ Exercised $ Cancelled or forfeited $ Outstanding at June 30, 2018 $ $ Vested and expected to vest in the future at June 30, 2018 $ $ 451,327 Exercisable at June 30, 2018 $ $ 371,252
Summary of Company's activities with respect to non-vested restricted stock units	Number of Weighted Non-vested at January 1, 2018 $ Granted 01/01/18- 03/31/18 $ Granted 04/01/18- 06/30/18 $ Vested $ Forfeited/cancelled $ Non-vested at June 30, 2018 $

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
INCOME TAXES (Tables)	Jun. 30, 2018
INCOME TAXES
Schedule of roll-forward of the Company's total gross unrecognized tax benefits, not including interest and penalties	Gross Unrecognized Tax Balance at December 31, 2017 $ 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, 2018 $

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
EARNINGS PER SHARE (Tables)	Jun. 30, 2018
EARNINGS PER SHARE
Schedule of reconciliation of the weighted average shares used in the basic and diluted earnings per common share computations	A reconciliation of the weighted-average shares used in the basic and diluted earnings per common share computations is presented below (in thousands): Three-Months Ended Six-Months Ended June 30, June 30, 2018 2017 2018 2017 Weighted-average shares outstanding: Basic Dilutive Diluted

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
SEGMENT INFORMATION (Tables)	Jun. 30, 2018
SEGMENT INFORMATION
Schedule of net revenues and other financial information by segment	Three-Months Ended Six-Months Ended June 30, June 30, 2018 2017 2018 2017 Net sales: Monster Energy® Drinks ( ¹ ) $ $ $ $ Strategic Brands Other Corporate and unallocated - - - - $ $ $ $ Three-Months Ended Six-Months Ended June 30, June 30, 2018 2017 2018 2017 Operating Income: Monster Energy® Drinks ( ¹ ) (2) $ $ $ $ Strategic Brands Other Corporate and unallocated $ $ $ $ Three-Months Ended Six-Months Ended June 30, June 30, 2018 2017 2018 2017 Income before tax: Monster Energy® Drinks ( ¹ ) (2) $ $ $ $ Strategic Brands Other Corporate and unallocated $ $ $ $ (1) Includes $11.0 million and $10.2 million for the three-months ended June 30, 2018 and 2017, respectively, related to the recognition of deferred revenue. Includes $22.2 million and $20.1 million for the six-months ended June 30, 2018 and 2017, respectively, related to the recognition of deferred revenue. (2) Includes $5.5 million and $0.2 million for the three-months ended June 30, 2018 and 2017, respectively, related to distributor termination costs. Includes $12.5 million and $20.1 million for the six-months ended June 30, 2018 and 2017, respectively, related to distributor termination costs. Three-Months Ended Six-Months Ended June 30, June 30, 2018 2017 2018 2017 Depreciation and amortization: Monster Energy® Drinks $ $ $ $ Strategic Brands Other Corporate and unallocated $ $ $ $
Schedule of goodwill and other intangible assets for the Company's reportable segments	June 30, December 31, 2018 2017 Goodwill and other intangible assets: Monster Energy® Drinks $ $ Strategic Brands Other Corporate and unallocated - - $ $

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
RELATED PARTY TRANSACTIONS (Tables)	Jun. 30, 2018
RELATED PARTY TRANSACTIONS
Schedule of related party transactions	June 30, 2018 December 31, 2017 Accounts receivable, net $ $ Accounts payable $ $ Accrued promotional allowances $ $

RECENT ACCOUNTING PRONOUNCEME39

RECENT ACCOUNTING PRONOUNCEMENTS (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Retained earnings	$ 3,407,806	$ 2,928,226
ASU 2016-16 \| Adjustment
Deferred income tax	(6,600)
Retained earnings	$ 6,600

REVENUE RECOGNITION - Impact of

REVENUE RECOGNITION - Impact of adoption of ASC 606 (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)segment	Jun. 30, 2017USD ($)
Number of operating segments \| segment			3
Number of reportable segments \| segment			3
Net Sales	$ 1,015,873		$ 1,866,793
Operating Expenses	262,637	$ 233,456	497,979	$ 450,068
Without 606 Adoption of ASC 606
Net Sales	1,028,085		1,888,945
Operating Expenses	274,849		520,131
(Decrease) Increase due to Adoption of ASC606
Net Sales	(12,212)		(22,152)
Operating Expenses	$ (12,212)		$ (22,152)

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Total Net Sales	$ 1,015,873	$ 1,866,793
Contract Liabilities
Deferred revenue	364,100	364,100	$ 377,600
Deferred revenue recognized in net sales	11,000	22,200
U.S. And Canada
Total Net Sales	752,719	1,385,915
EMEA
Total Net Sales	161,575	291,818
Asia Pacific
Total Net Sales	66,974	119,953
Latin America And Caribbean
Total Net Sales	34,605	69,107
Monster Energy Drinks
Total Net Sales	929,439	1,709,943
Monster Energy Drinks \| U.S. And Canada
Total Net Sales	695,963	1,284,778
Monster Energy Drinks \| EMEA
Total Net Sales	138,608	249,538
Monster Energy Drinks \| Asia Pacific
Total Net Sales	60,606	108,037
Monster Energy Drinks \| Latin America And Caribbean
Total Net Sales	34,262	67,590
Strategic Brands
Total Net Sales	79,811	145,570
Strategic Brands \| U.S. And Canada
Total Net Sales	50,133	89,857
Strategic Brands \| EMEA
Total Net Sales	22,967	42,280
Strategic Brands \| Asia Pacific
Total Net Sales	6,368	11,916
Strategic Brands \| Latin America And Caribbean
Total Net Sales	343	1,517
Other
Total Net Sales	6,623	11,280
Other \| U.S. And Canada
Total Net Sales	$ 6,623	$ 11,280

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Available-for-sale
Amortized Cost	$ 211,207	$ 676,129
Gross Unrealized Holding Gains	5	1
Gross Unrealized Holding Losses	119	831
Fair Value	211,093	675,299
Continuous Unrealized Loss Position less than 12 Months	119	831
Short-term \| Commercial paper
Available-for-sale
Amortized Cost	15,177	81,026
Fair Value	15,177	81,026
Short-term \| Certificates of deposit
Available-for-sale
Amortized Cost		11,869
Fair Value		11,869
Short-term \| Municipal securities
Available-for-sale
Amortized Cost	149,048	469,604
Gross Unrealized Holding Gains	5	1
Gross Unrealized Holding Losses	56	740
Fair Value	148,997	468,865
Continuous Unrealized Loss Position less than 12 Months	56	740
Short-term \| U.S. government agency securities
Available-for-sale
Amortized Cost	46,982	61,307
Gross Unrealized Holding Losses	63	88
Fair Value	46,919	61,219
Continuous Unrealized Loss Position less than 12 Months	$ 63	88
Short-term \| Variable rate demand notes
Available-for-sale
Amortized Cost		49,954
Fair Value		49,954
Long-term \| U.S. government agency securities
Available-for-sale
Amortized Cost		2,369
Gross Unrealized Holding Losses		3
Fair Value		2,366
Continuous Unrealized Loss Position less than 12 Months		$ 3

INVESTMENTS - Maturity Period (

INVESTMENTS - Maturity Period (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Investments
Amortized Cost	$ 211,207	$ 676,129
Fair Value	211,093	675,299
Commercial paper \| Less than 1 year
Investments
Amortized Cost	15,177	81,026
Fair Value	15,177	81,026
Municipal securities \| Less than 1 year
Investments
Amortized Cost	149,048	469,604
Fair Value	148,997	468,865
U.S. government agency securities \| Less than 1 year
Investments
Amortized Cost	46,982	61,307
Fair Value	$ 46,919	61,219
U.S. government agency securities \| Due 1 - 10 years
Investments
Amortized Cost		2,369
Fair Value		2,366
Certificates of deposit \| Less than 1 year
Investments
Amortized Cost		11,869
Fair Value		11,869
Variable rate demand notes \| Due 1 - 10 years
Investments
Amortized Cost		6,366
Fair Value		6,366
Variable rate demand notes \| Due 11 - 20 years
Investments
Amortized Cost		28,377
Fair Value		28,377
Variable rate demand notes \| Due 21 - 30 years
Investments
Amortized Cost		15,211
Fair Value		$ 15,211

FAIR VALUE OF CERTAIN FINANCI44

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES - Assets - Recurring Basis (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Fair value of certain financial assets and liabilities
Cash and cash equivalents	$ 659,687	$ 528,622
Short-term investments	211,093	672,933
Investments		2,366
Asset transfers between Level 1 and Level 2 measurements	0	0
Total fair value
Fair value of certain financial assets and liabilities
Cash and cash equivalents	659,687	528,622
Short-term investments	211,093	672,933
Accounts receivable, net	21	95
Investments		2,366
Accrued liabilities	(1,017)	(1,579)
Assets measured at fair value	869,784	1,202,437
Cash	358,788	310,885
Foreign currency derivatives	(996)	(1,484)
Money market funds \| Total fair value
Fair value of certain financial assets and liabilities
Assets measured at fair value	299,949	112,848
Certificates of deposit \| Total fair value
Fair value of certain financial assets and liabilities
Assets measured at fair value		15,720
Commercial paper \| Total fair value
Fair value of certain financial assets and liabilities
Assets measured at fair value	16,127	99,903
Variable rate demand notes \| Total fair value
Fair value of certain financial assets and liabilities
Assets measured at fair value		49,954
Municipal securities \| Total fair value
Fair value of certain financial assets and liabilities
Assets measured at fair value	148,997	529,984
U.S. government agency securities \| Total fair value
Fair value of certain financial assets and liabilities
Assets measured at fair value	46,919	81,230
U.S. Treasuries \| Total fair value
Fair value of certain financial assets and liabilities
Assets measured at fair value		3,397
Level 1
Fair value of certain financial assets and liabilities
Cash and cash equivalents	658,737	423,733
Assets measured at fair value	658,737	423,733
Cash	358,788	310,885
Level 1 \| Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	299,949	112,848
Level 2
Fair value of certain financial assets and liabilities
Cash and cash equivalents	950	104,889
Short-term investments	211,093	672,933
Accounts receivable, net	21	95
Investments		2,366
Accrued liabilities	(1,017)	(1,579)
Assets measured at fair value	211,047	778,704
Foreign currency derivatives	(996)	(1,484)
Level 2 \| Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value		15,720
Level 2 \| Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	16,127	99,903
Level 2 \| Variable rate demand notes
Fair value of certain financial assets and liabilities
Assets measured at fair value		49,954
Level 2 \| Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	148,997	529,984
Level 2 \| U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	$ 46,919	81,230
Level 2 \| U.S. Treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value		$ 3,397

DERIVATIVE INSTRUMENTS AND HE45

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Notional Amount and Fair Value (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Foreign currency exchange contracts \| Maximum
Derivative Instruments and Hedging Activities
Term of derivative instrument	1 month
Not designated as hedging instruments \| Receive CAD/pay USD \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets		$ 4,892
Fair Value, Assets		61
Not designated as hedging instruments \| Receive SGD/pay USD \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets	$ 5,279	223
Fair Value, Assets	7	2
Not designated as hedging instruments \| Receive NOK/pay USD \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets	918	1,534
Fair Value, Assets	2	18
Not designated as hedging instruments \| Receive USD/pay BRL \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets		1,806
Fair Value, Assets		1
Not designated as hedging instruments \| Receive USD/pay BRL \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	3,567
Fair Value, Liabilities	(30)
Not designated as hedging instruments \| Receive USD/pay CLP \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		1,112
Fair Value, Liabilities		(8)
Not designated as hedging instruments \| Receive USD/pay COP \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets		2,803
Fair Value, Assets		13
Not designated as hedging instruments \| Receive USD/pay GBP \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	37,904	31,342
Fair Value, Liabilities	(129)	(334)
Not designated as hedging instruments \| Receive USD/pay EUR \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	50,572	65,131
Fair Value, Liabilities	(408)	(642)
Not designated as hedging instruments \| Receive USD/pay AUD \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	14,118	17,238
Fair Value, Liabilities	(82)	(177)
Not designated as hedging instruments \| Receive USD/pay ZAR \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	16,633	21,311
Fair Value, Liabilities	(192)	(222)
Not designated as hedging instruments \| Receive USD/pay MXN \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	3,035	7,720
Fair Value, Liabilities	(54)	(126)
Not designated as hedging instruments \| Receive USD/pay NZD \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets	2,719
Fair Value, Assets	12
Not designated as hedging instruments \| Receive USD/pay NZD \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		1,826
Fair Value, Liabilities		(18)
Not designated as hedging instruments \| Receive USD/pay TRY \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	5,277	5,483
Fair Value, Liabilities	(92)	$ (52)
Not designated as hedging instruments \| Receive USD/pay RUB \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	2,774
Fair Value, Liabilities	$ (30)

DERIVATIVE INSTRUMENTS AND HE46

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Nonhedging Designation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Not designated as hedging instruments \| Foreign currency exchange contracts \| Interest and other income (expense), net
Net (losses) gains on derivative instruments
Amount of (loss) gain recognized in income on derivatives	$ 10,393	$ (4,439)	$ 5,734	$ (9,467)

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
INVENTORIES
Raw materials	$ 89,362	$ 78,834
Finished goods	186,204	176,911
Inventories, net	$ 275,566	$ 255,745

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Property and equipment, net
Property and equipment, gross	$ 397,259		$ 397,259		$ 369,086
Less: accumulated depreciation and amortization	(156,601)		(156,601)		(138,810)
Property and equipment, net	240,658		240,658		230,276
Total depreciation and amortization expense	11,200	$ 8,600	22,200	$ 16,800
Land
Property and equipment, net
Property and equipment, gross	44,261		44,261		47,373
Leasehold improvements
Property and equipment, net
Property and equipment, gross	3,278		3,278		3,109
Furniture and fixtures
Property and equipment, net
Property and equipment, gross	6,732		6,732		6,461
Office and computer equipment
Property and equipment, net
Property and equipment, gross	17,683		17,683		14,506
Computer software
Property and equipment, net
Property and equipment, gross	3,334		3,334		3,650
Equipment
Property and equipment, net
Property and equipment, gross	165,861		165,861		148,434
Buildings
Property and equipment, net
Property and equipment, gross	116,143		116,143		107,374
Vehicles
Property and equipment, net
Property and equipment, gross	$ 39,967		$ 39,967		$ 38,179

GOODWILL AND OTHER INTANGIBLE49

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Goodwill
Goodwill, Beginning Balance	$ 1,331,643	$ 1,331,643	$ 1,331,643
Goodwill, Ending Balance	1,331,643	1,331,643	1,331,643
Monster Energy Drinks
Goodwill
Goodwill, Beginning Balance	693,644	693,644	693,644
Goodwill, Ending Balance	693,644	693,644	693,644
Strategic Brands
Goodwill
Goodwill, Beginning Balance	637,999	637,999	637,999
Goodwill, Ending Balance	$ 637,999	$ 637,999	$ 637,999

GOODWILL AND OTHER INTANGIBLE50

GOODWILL AND OTHER INTANGIBLE ASSETS - Intangible assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Intangible assets
Amortizing intangibles	$ 71,355		$ 71,355		$ 71,400
Accumulated amortization	(32,387)		(32,387)		(26,383)
Amortizing intangibles, net	38,968		38,968		45,017
Non-amortizing intangibles	1,000,433		1,000,433		989,068
Intangible, net	1,039,401		1,039,401		$ 1,034,085
Amortization of in intangible assets	$ 3,000	$ 3,000	$ 6,000	$ 6,000
Minimum
Intangible assets
Useful life of intangible assets			5 years
Maximum
Intangible assets
Useful life of intangible assets			7 years

DISTRIBUTION AGREEMENTS (Detail

DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
DISTRIBUTION AGREEMENTS
Termination costs	$ 5.5	$ 0.2	$ 12.5	$ 20.1
Distribution agreement (in years)			20 years
Revenue recognized	$ 11	$ 10.2	$ 22.2	$ 20.1

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Purchase Commitments (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
Purchase Commitments
Aggregate contractual obligations	$ 154.2
Aggregate operating lease commitments	16.3
Raw materials
Purchase Commitments
Purchase commitments	$ 50
Obligation term ( in years)	1 year

COMMITMENTS AND CONTINGENCIES53

COMMITMENTS AND CONTINGENCIES - Line of Credit Facility (Details) - Line of credit - HSBC China - USD ($) $ in Millions	Jun. 30, 2018	Feb. 28, 2018	Dec. 31, 2017
Commitments and Contingencies
Maximum borrowing capacity		$ 15	$ 9
Accounts payable
Commitments and Contingencies
Amount outstanding	$ 11.2
People's Bank of China
Commitments and Contingencies
Interest rate on borrowings	5.50%

COMMITMENTS AND CONTINGENCIES54

COMMITMENTS AND CONTINGENCIES - State Attorney General Inquiry (Details) $ in Millions	Jun. 30, 2018USD ($)
COMMITMENTS AND CONTINGENCIES
Accrued loss contingencies	$ 3.3

ACCUMULATED OTHER COMPREHENSI55

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	$ 16,659
Other comprehensive loss (gain) before reclassifications	8,537
Net current-period other comprehensive loss (gain)	8,537
Balance at the end of the period	25,196
Currency Translation Losses
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	15,818
Other comprehensive loss (gain) before reclassifications	9,265
Net current-period other comprehensive loss (gain)	9,265
Balance at the end of the period	25,083
Unrealized (Gains) Losses on Available-for-Sale Securities
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	841
Other comprehensive loss (gain) before reclassifications	(728)
Net current-period other comprehensive loss (gain)	(728)
Balance at the end of the period	$ 113

TREASURY STOCK (Details)

TREASURY STOCK (Details) - USD ($) $ / shares in Units, $ in Thousands	Aug. 09, 2017	Jun. 30, 2018	Aug. 09, 2018	Aug. 07, 2018	May 29, 2018	Feb. 27, 2018
Equity, Class of Treasury Stock
Number of shares repurchased of common stock from employees in lieu of cash or withholding taxes due		504
Cash payment for repurchase of common stock from employees in lieu of cash or withholding taxes due		$ 30
February 2018 Repurchase Plan
Equity, Class of Treasury Stock
Stock repurchase program, authorized amount						$ 250,000
Common stock repurchased (in shares)		5,000,000
Average purchase price (in dollars per share)		$ 49.81
Repurchase price of stock		$ 249,900
May 2018 Repurchase Plan
Equity, Class of Treasury Stock
Stock repurchase program, authorized amount					$ 500,000
Common stock repurchased (in shares)		5,500,000
Average purchase price (in dollars per share)		$ 54.78
Repurchase price of stock	$ 196,700	$ 303,200
August 2018 Repurchase Plan
Equity, Class of Treasury Stock
Stock repurchase program, authorized amount				$ 500,000
Stock repurchase program, authorized remaining amount			$ 500,000

STOCK-BASED COMPENSATION - Plan

STOCK-BASED COMPENSATION - Plans (Details) $ in Millions	3 Months Ended		6 Months Ended
STOCK-BASED COMPENSATION - Plans (Details) $ in Millions	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)plan	Jun. 30, 2017USD ($)
Stock-based compensation
Stock-based compensation plans \| plan			2
Compensation expense on share-based plans	$ 14.9	$ 12.8	$ 28.3	$ 26
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	$ 1.7	$ 1.9	$ 4.5	$ 11.3

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, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
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)	34.90%		36.50%	34.90%	36.60%
Risk-free interest rate (as a percent)	2.70%		1.80%	2.80%	2.10%
Expected term	6 years 1 month 6 days		6 years 1 month 6 days	6 years 1 month 6 days	6 years 1 month 6 days
Stock Options, Number of Shares
Balance at the beginning of the period (in shares)		17,819		17,819
Granted (in shares)	360	2,615
Exercised (in shares)				(814)
Cancelled or forfeited (in shares)				(216)
Balance at the end of the period (in shares)	19,764			19,764		17,819
Vested and expected to vest in the future at the end of the period (in shares)	18,673			18,673
Exercisable at the end of the period (in shares)	10,639			10,639
Stock options, Weighted-Average Exercise Price Per Share
Balance at the beginning of the period (in dollars per share)		$ 29.62		$ 29.62
Granted (in dollars per share)	$ 51.72	$ 58.76
Exercised (in dollars per share)				16.73
Cancelled or forfeited (in dollars per share)				42.60
Balance at the end of the period (in dollars per share)	34.26			34.26		$ 29.62
Vested and expected to vest in the future at the end of the period (in dollars per share)	33.32			33.32
Exercisable at the end of the period (in dollars per share)	$ 22.40			$ 22.40
Weighted-Average Remaining Contractual Term
Balance at the beginning of the period				6 years 2 months 12 days		6 years 1 month 6 days
Balance at the end of the period				6 years 2 months 12 days		6 years 1 month 6 days
Vested and expected to vest in the future at the end of the period				6 years 1 month 6 days
Exercisable at the end of the period				4 years 6 months
Aggregate Intrinsic Value
Balance at the beginning of the period		$ 600,032		$ 600,032
Balance at the end of the period	$ 459,527			459,527		$ 600,032
Vested and expected to vest in the future at the end of the period	451,327			451,327
Exercisable at the end of the period	$ 371,252			$ 371,252

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, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Stock options
Stock-based compensation
Weighted-average grant-date fair value of options granted (in dollars per share)	$ 20.20		$ 18.97	$ 22.51	$ 18.01
Total intrinsic value of options exercised	$ 14.7		$ 8.5	$ 32.9	$ 40.9
Cash received from option exercises	7.1		$ 5.5	13.6	$ 19.1
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 121.1			$ 121.1
Cost expected to be recognized over a weighted-average period				3 years
Stock units expected to vest (in shares)	18,673			18,673
Restricted stock units
Stock-based compensation
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 22.2			$ 22.2
Cost expected to be recognized over a weighted-average period				2 years 1 month 6 days
Stock units expected to vest (in shares)	500			500
Number of Shares
Non-vested at the beginning of the period (in shares)		530		530
Granted (in shares)	48	221
Vested (in shares)				(262)
Forfeited/cancelled (in shares)				(6)
Non-vested at the end of the period (in shares)	531			531
Weighted Average Grant-Date Fair Value
Non-vested at the beginning of the period (in dollars per share)		$ 45.09		$ 45.09
Granted (in dollars per share)	$ 52.31	$ 58.75	$ 50.86	57.59	$ 46.65
Vested (in dollars per share)				45.36
Forfeited/cancelled (in dollars per share)				32.17
Non-vested at the end of the period (in dollars per share)	$ 51.45			$ 51.45

INCOME TAXES - Tax Cuts and Job

INCOME TAXES - Tax Cuts and Jobs Act (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
INCOME TAXES
Federal statutory rate (as a percent)	21.00%	35.00%
Provisional charge, revaluated net deferred tax assets		$ 39.8
Provision related to deemed mandatory repatriation		$ 2.1

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefit Rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Gross unrecognized tax benefits, roll forward
Balance at the beginning of the period	$ 6,540
Additions for tax positions related to the current year	210
Additions for tax positions related to the prior year	1,172
Decreases related to settlement with taxing authority	(2,665)
Balance at the end of the period	5,257
Accrued interest and penalties related to unrecognized tax benefits	$ 1,000

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
EARNINGS PER SHARE (Details) - shares shares in Thousands	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Weighted-average shares outstanding:
Basic	559,867	567,910	562,917	567,384
Dilutive	6,485	10,110	7,314	10,335
Diluted	566,352	578,020	570,231	577,719
Options and awards outstanding excluded from the calculations as their effect would have been antidilutive (in shares)	6,400	8,800	2,600	8,400

SEGMENT INFORMATION - Net Reven

SEGMENT INFORMATION - Net Revenues (Details) $ in Thousands	3 Months Ended		6 Months Ended
SEGMENT INFORMATION - Net Revenues (Details) $ in Thousands	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)segment	Jun. 30, 2017USD ($)
Segment information
Number of reportable segments \| segment			3
Number of operating segments \| segment			3
Net Sales	$ 1,015,873	$ 907,068	$ 1,866,793	$ 1,649,214
Operating income	357,621	350,041	637,535	614,303
Income before tax	358,097	347,490	639,816	612,410
Recognition of deferred revenue	11,000	10,200	22,200	20,100
Corporate and unallocated
Segment information
Operating income	(68,099)	(61,075)	(133,460)	(119,766)
Income before tax	(67,904)	(63,718)	(131,702)	(121,643)
Monster Energy Drinks \| Operating segment
Segment information
Net Sales	929,439	815,261	1,709,943	1,483,831
Operating income	373,103	356,223	674,805	635,654
Income before tax	373,342	356,316	675,305	635,651
Recognition of deferred revenue	11,000	10,200	22,200	20,100
Distribution Agreements Termination Cost	5,500	200	12,500	20,100
Strategic Brands \| Operating segment
Segment information
Net Sales	79,811	85,633	145,570	153,669
Operating income	50,791	53,175	93,393	95,281
Income before tax	50,833	53,174	93,416	95,268
Other \| Operating segment
Segment information
Net Sales	6,623	6,174	11,280	11,714
Operating income	1,826	1,718	2,797	3,134
Income before tax	$ 1,826	$ 1,718	$ 2,797	$ 3,134

SEGMENT INFORMATION - Depreciat

SEGMENT INFORMATION - Depreciation and Amortization (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment information
Depreciation and amortization	$ 14,194	$ 11,593	$ 28,185	$ 22,775
Corporate and unallocated
Segment information
Depreciation and amortization	2,121	1,725	4,217	3,418
Monster Energy Drinks \| Operating segment
Segment information
Depreciation and amortization	8,960	6,873	17,770	13,413
Strategic Brands \| Operating segment
Segment information
Depreciation and amortization	1,946	1,842	3,872	3,638
Other \| Operating segment
Segment information
Depreciation and amortization	$ 1,167	$ 1,153	$ 2,326	$ 2,306

SEGMENT INFORMATION - Expenses

SEGMENT INFORMATION - Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment information
Operating income	$ 357,621	$ 350,041	$ 637,535	$ 614,303
Stock-based compensation expense	14,900	12,800	28,300	26,000
Corporate and unallocated
Segment information
Operating income	(68,099)	(61,075)	(133,460)	(119,766)
Payroll costs	44,700	38,400	87,800	76,100
Stock-based compensation expense	14,900	12,800	28,300	26,000
Professional service expenses	11,800	14,000	24,200	26,400
Other operating expenses	$ 11,600	$ 8,600	$ 21,400	$ 17,300

SEGMENT INFORMATION - Concentra

SEGMENT INFORMATION - Concentration Risk (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment information
Net Sales	$ 1,015,873	$ 907,068	$ 1,866,793	$ 1,649,214
Outside United States
Segment information
Net Sales	$ 293,800	$ 247,900	$ 535,900	$ 438,800
TCCC \| Net Sales \| Customer concentration
Segment information
Percentage of net sales	4.00%	17.00%	4.00%	25.00%
CCBCC Operations, LLC \| Net Sales \| Customer concentration
Segment information
Percentage of net sales	13.00%	13.00%	13.00%	12.00%
Coca-Cola European Partners \| Net Sales \| Customer concentration
Segment information
Percentage of net sales	9.00%	9.00%	10.00%	9.00%
Reyes Coca-Cola Bottling \| Net Sales \| Customer concentration
Segment information
Percentage of net sales	12.00%	5.00%	13.00%	4.00%

SEGMENT INFORMATION - Goodwill

SEGMENT INFORMATION - Goodwill and other intangible assets (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Segment information
Goodwill and other intangible assets	$ 2,371,044	$ 2,365,728
Monster Energy Drinks \| Operating segment
Segment information
Goodwill and other intangible assets	1,357,017	1,346,648
Strategic Brands \| Operating segment
Segment information
Goodwill and other intangible assets	992,800	995,582
Other \| Operating segment
Segment information
Goodwill and other intangible assets	$ 21,227	$ 23,498

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	3 Months Ended		6 Months Ended
RELATED PARTY TRANSACTIONS (Details) $ in Thousands	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)item	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)
TCCC
Related party transactions
Voting interest (as a percent)	18.00%		18.00%
Net sales	$ 39,600	$ 154,500	$ 74,600	$ 409,700
Purchases from related party	11,300	6,600	14,200	12,500
TCCC Subsidiaries and TCCC Related parties
Related party transactions
Commission expenses	13,200		24,500
TCCC Independent Bottlers
Related party transactions
Commission expenses	4,300		7,500
TCCC Subsidiaries
Related party transactions
Commission expenses		2,100		5,700
Accounts receivable, net	42,337		42,337		$ 32,607
Accounts payable	(34,368)		(34,368)		(45,465)
Accrued promotional allowances	(9,851)		$ (9,851)		$ (5,884)
TCCC Related parties and TCCC Independent Bottlers \| Operating expense
Related party transactions
Commission expenses		12,800		20,700
Principal owners
Related party transactions
Number of directors 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	600	1,200	$ 1,400	1,400
Monster Energy Drinks \| TCCC Subsidiaries
Related party transactions
Contract manufacturing expenses	$ 6,400	$ 2,900	$ 11,800	$ 5,100