Monster Beverage (MNST) 10-K 28 Feb 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Feb. 20, 2020	Jun. 28, 2019
Document and Entity Information
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-18761
Entity Registrant Name	MONSTER BEVERAGE CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-1809393
Entity Address, Address Line One	1 Monster Way
Entity Address, City or Town	Corona
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92879
City Area Code	951
Local Phone Number	7396200
Title of 12(b) Security	Common Stock, $0.005 par value per share
Trading Symbol	MNST
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 31,534,998,627
Entity Common Stock, Shares Outstanding		536,896,142
Entity Central Index Key	0000865752
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 797,957	$ 637,513
Short-term investments	533,063	320,650
Accounts receivable, net	540,330	484,562
Inventories	360,731	277,705
Prepaid expenses and other current assets	54,868	44,909
Prepaid income taxes	29,360	38,831
Total current assets	2,316,309	1,804,170
INVESTMENTS	12,905
PROPERTY AND EQUIPMENT, net	298,640	243,051
DEFERRED INCOME TAXES	84,777	85,687
GOODWILL	1,331,643	1,331,643
OTHER INTANGIBLE ASSETS, net	1,052,105	1,045,878
OTHER ASSETS	53,973	16,462
Total Assets	5,150,352	4,526,891
CURRENT LIABILITIES:
Accounts payable	274,045	248,760
Accrued liabilities	114,075	112,507
Accrued promotional allowances	166,761	145,741
Deferred revenue	44,237	44,045
Accrued compensation	47,262	39,903
Income taxes payable	14,717	10,189
Total current liabilities	661,097	601,145
DEFERRED REVENUE	287,469	312,224
OTHER LIABILITIES	30,505	2,621
COMMITMENTS AND CONTINGENCIES (Note 12)
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 1,250,000 shares authorized; 636,460 shares issued and 536,698 shares outstanding as of December 31, 2019; 630,970 shares issued and 543,676 shares outstanding as of December 31, 2018	3,182	3,155
Additional paid-in capital	4,397,511	4,238,170
Retained earnings	5,022,480	3,914,645
Accumulated other comprehensive loss	(32,387)	(32,864)
Common stock in treasury, at cost; 99,762 and 87,294 shares as of December 31, 2019 and December 31, 2018, respectively	(5,219,505)	(4,512,205)
Total stockholders' equity	4,171,281	3,610,901
Total Liabilities and Stockholders' Equity	$ 5,150,352	$ 4,526,891

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Dec. 31, 2019	Dec. 31, 2018
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	636,460	630,970
Common stock, shares outstanding	536,698	543,676
Common stock in treasury, shares	99,762	87,294

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CONSOLIDATED STATEMENTS OF INCOME
NET SALES	$ 4,200,819	$ 3,807,183	$ 3,369,045
COST OF SALES	1,682,234	1,511,808	1,231,355
GROSS PROFIT	2,518,585	2,295,375	2,137,690
OPERATING EXPENSES	1,115,646	1,011,756	938,903
OPERATING INCOME	1,402,939	1,283,619	1,198,787
OTHER INCOME, NET	13,023	9,653	2,836
INCOME BEFORE PROVISION FOR INCOME TAXES	1,415,962	1,293,272	1,201,623
PROVISION FOR INCOME TAXES	308,127	300,268	380,945
NET INCOME	$ 1,107,835	$ 993,004	$ 820,678
NET INCOME PER COMMON SHARE:
Basic (in dollars per share)	$ 2.04	$ 1.78	$ 1.45
Diluted (in dollars per share)	$ 2.03	$ 1.76	$ 1.42
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS :
Basic (in shares)	542,191	557,166	566,782
Diluted (in shares)	546,608	564,254	577,141

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income, as reported	$ 1,107,835	$ 993,004	$ 820,678
Other comprehensive income (loss):
Change in foreign currency translation adjustment, net of tax	194	(16,957)	7,238
Available-for-sale investments:
Change in net unrealized gains (losses)	283	752	(648)
Net change in available-for-sale investments	283	752	(648)
Other comprehensive income (loss)	477	(16,205)	6,590
Comprehensive income	$ 1,108,312	$ 976,799	$ 827,268

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury stock	Total
Balance at Dec. 31, 2016	$ 3,116	$ 4,051,245	$ 2,107,548	$ (23,249)	$ (2,808,951)	$ 3,329,709
Balance (in shares) at Dec. 31, 2016	623,201				(56,635)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		52,282				52,282
Exercise of stock options	$ 30	52,596				52,626
Exercise of stock options (in shares)	6,054
Unrealized gain (loss) on available-for- sale securities				(648)		(648)
Reversal of excess tax benefits from share based payment arrangements		(5,495)				(5,495)
Repurchase of common stock					$ (361,178)	(361,178)
Repurchase of common stock (in shares)					(6,322)
Foreign currency translation				7,238		7,238
Net income			820,678			820,678
Balance at Dec. 31, 2017	$ 3,146	4,150,628	2,928,226	(16,659)	$ (3,170,129)	3,895,212
Balance (in shares) at Dec. 31, 2017	629,255				(62,957)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		57,111				57,111
Exercise of stock options	$ 9	27,843				27,852
Exercise of stock options (in shares)	1,715
Unrealized gain (loss) on available-for- sale securities				752		752
Adjustment to excess tax benefits from prior periods		2,588				2,588
ASU No. 2016-16 adoption			(6,585)			(6,585)
Repurchase of common stock					$ (1,342,076)	(1,342,076)
Repurchase of common stock (in shares)					(24,337)
Foreign currency translation				(16,957)		(16,957)
Net income			993,004			993,004
Balance at Dec. 31, 2018	$ 3,155	4,238,170	3,914,645	(32,864)	$ (4,512,205)	3,610,901
Balance (in shares) at Dec. 31, 2018	630,970				(87,294)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		63,356				63,356
Exercise of stock options	$ 27	92,336				92,363
Exercise of stock options (in shares)	5,490
Unrealized gain (loss) on available-for- sale securities				283		283
Adjustment to excess tax benefits from prior periods		3,649				3,649
Repurchase of common stock					$ (707,300)	(707,300)
Repurchase of common stock (in shares)					(12,468)
Foreign currency translation				194		194
Net income			1,107,835			1,107,835
Balance at Dec. 31, 2019	$ 3,182	$ 4,397,511	$ 5,022,480	$ (32,387)	$ (5,219,505)	$ 4,171,281
Balance (in shares) at Dec. 31, 2019	636,460				(99,762)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,107,835	$ 993,004	$ 820,678
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	64,814	56,979	48,887
Gain on disposal of property and equipment	(252)	(783)	(1,161)
Stock-based compensation	63,356	57,111	52,282
Deferred income taxes	1,263	(510)	67,935
Effect on cash of changes in operating assets and liabilities:
Accounts receivable	(66,411)	(48,370)	11,822
TCCC Transaction receivable			125,000
Distributor receivables	6,470	9,958	4,716
Inventories	(85,222)	(26,146)	(88,867)
Prepaid expenses and other assets	(13,774)	(6,682)	(2,396)
Prepaid income taxes	9,481	98,716	(71,332)
Accounts payable	28,832	9,852	29,579
Accrued liabilities	(14,297)	18,145	(4,499)
Accrued promotional allowances	21,943	11,719	21,135
Accrued distributor terminations	279	(91)	(8,172)
Accrued compensation	7,228	5,477	4,491
Income taxes payable	8,105	1,943	(3,590)
Other liabilities	(1,030)	1,526	1,095
Deferred revenue	(24,858)	(19,967)	(19,872)
Net cash provided by operating activities	1,113,762	1,161,881	987,731
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of available-for-sale investments	851,436	1,181,484	533,183
Proceeds from sale of property and equipment	1,239	4,295	1,416
Purchases of available-for-sale investments	(1,067,736)	(826,084)	(971,813)
Purchases of property and equipment	(101,661)	(61,941)	(83,435)
Additions to intangibles	(8,737)	(12,984)	(9,693)
Increase in other assets	(1,265)	(11,814)	(1,199)
Net cash (used in) provided by investing activities	(326,724)	272,956	(531,541)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on debt	(13,569)	(1,886)	(2,583)
Issuance of common stock	92,363	27,851	52,626
Purchases of common stock held in treasury	(707,300)	(1,342,076)	(361,178)
Net cash used in financing activities	(628,506)	(1,316,111)	(311,135)
Effect of exchange rate changes on cash and cash equivalents	1,912	(9,835)	5,985
NET INCREASE IN CASH AND CASH EQUIVALENTS	160,444	108,891	151,040
CASH AND CASH EQUIVALENTS, beginning of year	637,513	528,622	377,582
CASH AND CASH EQUIVALENTS, end of year	797,957	637,513	528,622
Cash paid during the year for:
Interest	320	60	75
Income taxes	$ 293,810	$ 200,767	$ 389,490

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CONSOLIDATED STATEMENTS OF CASH FLOWS NON-CASH SUPPLEMENTAL DATA
Accrued liabilities for other intangible assets	$ 12.8	$ 10.8	$ 3.7
Accrued liabilities for purchase short-term investment	$ 8.7

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization Nature of Operations TM TM Basis of Presentation Principles of Consolidation Business Combinations Cash and Cash Equivalents Investments Under FASB ASC 320-10-35, a security is considered to be other-than-temporarily impaired if the present value of cash flows expected to be collected are less than the security’s amortized cost basis (the difference being defined as the “Credit Loss”) or if the fair value of the security is less than the security’s amortized cost basis and the investor intends, or will be required, to sell the security before recovery of the security’s amortized cost basis. If an other-than-temporary impairment exists, the charge to earnings is limited to the amount of Credit Loss if the investor does not intend to sell the security, and will not be required to sell the security, before recovery of the security’s amortized cost basis. Any remaining difference between fair value and amortized cost is recognized in other comprehensive loss, net of applicable taxes. The Company evaluates whether the decline in fair value of its investments is other-than-temporary at each quarter-end. This evaluation consists of a review by management, and includes market pricing information and maturity dates for the securities held, market and economic trends in the industry and information on the issuer’s financial condition and, if applicable, information on the guarantors’ financial condition. Factors considered in determining whether a loss is temporary include the length of time and extent to which the investment’s fair value has been less than its cost basis, the financial condition and near-term prospects of the issuer and guarantors, including any specific events which may influence the operations of the issuer and the Company’s intent and ability to retain the investment for a reasonable period of time sufficient to allow for any anticipated recovery of fair value. Accounts Receivable – Inventories Property and Equipment three Goodwill of the reporting unit. An impairment charge is recognized for the excess of the carrying value of goodwill over its implied fair value. For the years ended December 31, 2019, 2018 and 2017 there were no impairments recorded. Other Intangibles TM TM Leases Long-Lived Assets Foreign Currency Translation and Transactions The Company has not designated its foreign currency exchange contracts as hedge transactions under FASB ASC 815. Therefore, gains and losses on the Company’s foreign currency exchange contracts are recognized in other income, net, in the consolidated statements of income, and are largely offset by the changes in the fair value of the underlying economically hedged item. For the years ended December 31, 2019, 2018 and 2017, aggregate foreign currency transaction losses, including the gains or losses on forward currency exchange contracts, amounted to $4.1 million, $4.0 million and $3.3 million, respectively, and have been recorded in other income, net, in the accompanying consolidated statements of income. Revenue Recognition Cost of Sales Operating Expenses Freight-Out Costs Advertising and Promotional Expenses Income Taxes The Company assesses its income tax positions and records tax benefits for all years subject to examination based upon the Company’s evaluation of the facts, circumstances and information available at the reporting date. For those tax positions where there is a greater than 50% likelihood that a tax benefit will be sustained, the Company has recorded the largest amount of tax benefit that may potentially be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where there is less than 50% likelihood that a tax benefit will be sustained, no tax benefit has been recognized in the financial statements. Stock-Based Compensation Net Income Per Common Share Concentration of Risk – The Coca-Cola Company (“TCCC”), through certain wholly-owned subsidiaries (the “TCCC Subsidiaries”), accounted for approximately 2%, 3% and 18% of the Company’s net sales for the years ended December 31, 2019, 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/non wholly-owned TCCC bottlers/distributors. Accordingly, the Company’s percentage of net sales classified as sales to the TCCC Subsidiaries decreased for the years ended December 31, 2019, 2018 and 2017. Coca-Cola Consolidated, Inc. accounted for approximately 13% of the Company’s net sales for the years ended December 31, 2019, 2018 and 2017. Reyes Coca-Cola Bottling, LLC accounted for approximately 11%, 12% and 6% of the Company’s net sales for the years ended December 31, 2019, 2018 and 2017, respectively. Coca-Cola European Partners accounted for approximately 10%, 10% and 9% of the Company’s net sales for the years ended December 31, 2019, 2018 and 2017, respectively. Credit Risk Fair Value of Financial Instruments Use of Estimates Recent Accounting Pronouncements Recently issued accounting pronouncements not yet adopted In December 2019, the FASB issued Accounting Standards Update (“ASU”) 2019-12, “Simplifying the Accounting for Income Taxes”, as part of its simplification initiative to reduce the cost and complexity in accounting for income taxes. ASU 2019-12 removes certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. ASU 2019-12 also amends other aspects of the guidance to help simplify and promote consistent application of GAAP. The guidance is effective for interim and annual periods beginning after December 15, 2020, with early adoption permitted. The Company is currently evaluating the impact of ASU No. 2019-12 on its financial position, results of operations and liquidity. In August 2018, the FASB issued ASU No. 2018-15, “Intangibles–Goodwill and Other–Internal–Use Software (Topic 350): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.” ASU No. 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract, with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. ASU No. 2018-15 was effective for the Company on a prospective or retrospective basis beginning on January 1, 2020. The adoption of ASU No. 2018-15 is not expected to have a material impact on the Company’s financial position, results of operations and liquidity. In August 2018, the FASB issued ASU No. 2018-14, “Compensation–Retirement Benefits–Defined Benefit Plans–General (Topic 715): Disclosure Framework–Changes to the Disclosure Requirements for Defined Benefit Plans.” ASU No. 2018-14 removes certain disclosures that are not considered cost beneficial, clarifies certain required disclosures and requires certain additional disclosures. ASU No. 2018-14 was effective for the Company on a retrospective basis beginning in the year ending December 31, 2020. The adoption of ASU No. 2018-14 is not expected to have a material impact on the Company’s financial position, results of operations and liquidity. In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement.” ASU No. 2018-13 removes certain disclosure requirements related to the fair value hierarchy, modifies existing disclosure requirements related to measurement uncertainty and adds new disclosure requirements. ASU No. 2018-13 disclosure requirements include disclosing the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. ASU No. 2018-13 was effective for the Company beginning on January 1, 2020. Certain disclosures in the new guidance will need to be applied on a retrospective basis and others on a prospective basis. The adoption of ASU No. 2018-13 is not expected to have a material impact on the Company’s 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. The adoption of ASU No. 2017-04 is not expected to have a material impact on the Company’s 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 was effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. The adoption of ASU No. 2016-13 is not expected to have a material impact on the Company’s financial position, results of operations and liquidity. Recently adopted accounting pronouncements In February 2018, the FASB issued ASU No. 2018-02 (ASU No. 2018-02), “Income Statement - Reporting Comprehensive Income (Topic 220)”, which amended the previous guidance to allow for certain tax effects “stranded” in accumulated other comprehensive income, which are impacted by the Tax Reform Act signed into law on December 22, 2017, 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 does not apply to any future tax effects stranded in accumulated other comprehensive income. This standard was effective for fiscal years beginning after December 15, 2018, and allowed for early adoption. The adoption of ASU No. 2018-02 did not have an impact on the Company’s financial position, results of operations and liquidity. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”. ASU No. 2016-02 requires the recognition of lease assets and lease liabilities on the balance sheet for leases classified as operating leases under previous guidance. The accounting for finance leases (capital leases) was substantially unchanged. The original guidance required application on a modified retrospective basis with adjustments to the earliest comparative period presented. In August 2018, the FASB issued ASU No. 2018-11, “Targeted Improvements to ASC 842,” which included an option to not restate comparative periods in transition and elect to use the effective date of ASU No. 2016-02 as the date of initial application, which the Company elected. As a result, the consolidated balance sheet prior to January 1, 2019 was not restated, and continues to be reported under previous guidance that did not require the recognition of operating lease liabilities and corresponding lease assets on the consolidated balance sheet. With the adoption of ASU No. 2016-02 on January 1, 2019, the Company recorded operating lease right-of-use assets of $26.3 million and operating lease liabilities of $22.6 million. The adoption of ASU No. 2016-02 had an immaterial impact on the Company’s consolidated statement of income and consolidated statement of cash flows for the year ended December 31, 2019. In addition, the Company elected the package of practical expedients are or that contain leases, and not reassess the accounting for initial direct costs. Additional information and disclosures required by ASU No. 2016-02 are contained in Note 3.

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2019
REVENUE RECOGNITION
REVENUE RECOGNITION	2. REVENUE RECOGNITION Revenues are accounted for in accordance with ASC 606 “Revenue from Contracts with Consumers” for the years ended December 31, 2019 and 2018. For the year ended December 31, 2017, revenues were accounted for under prior accounting guidance, ASC 605 “Revenue Recognition.” Commissions paid to TCCC based on sales to certain of the Company’s bottlers/distributors who are (i) 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ Year Ended ​ Year Ended ​ ​ December 31, 2019 ​ December 31, 2018 ​ December 31, 2017 Commissions Related To: (ASC 606) (ASC 606) (ASC 605) TCCC Subsidiaries Reduction to net sales ​ Reduction to net sales Reduction to net sales TCCC Related Parties Reduction to net sales ​ Reduction to net sales Operating expenses TCCC Independent Bottlers Operating expenses ​ Operating expenses Operating expenses ​ The Company has three operating and reportable TM 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, foodservice customers, value stores, e-commerce retailers 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 by such bottlers to other bottlers and full service distributors and to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, foodservice customers, drug stores, value stores, e-commerce retailers and the military. To a lesser extent, the 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 December 31, 2019 and December 31, 2018. 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. 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, club stores and/or wholesalers; ● 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 directly by the Company to certain customers that fall within the bottlers’/distributors’ sales territories; and ● commissions paid to TCCC based on the Company’s sales to the TCCC Subsidiaries and/or to the TCCC Related Parties. 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, typically 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 at the time of initial product sale for the Company’s 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. Amounts received pursuant to new and/or amended distribution agreements entered into with certain distributors relating to the costs associated with terminating the Company’s prior distributors, are accounted for as revenue ratably over the anticipated life of the respective distribution agreements, generally over 20 years. The Company also enters into license agreements that generate revenues associated with third-party sales of non-beverage products bearing the Company’s trademarks including, but not limited to, clothing, hats, t-shirts, jackets, helmets and automotive wheels. Management believes that adequate provision has been made for cash discounts, returns and spoilage based on the Company’s historical experience. Disaggregation of Revenue The following table disaggregates the Company’s revenue by geographical markets and reportable segments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ Net Sales Canada EMEA 2 Asia Pacific Caribbean Total Monster Energy® Drinks ​ 2,799,701 ​ 599,706 ​ 326,684 ​ 177,938 ​ 3,904,029 Strategic Brands ​ 173,968 ​ 74,803 ​ 25,060 ​ 1,094 ​ 274,925 Other ​ 21,865 ​ — ​ — ​ — ​ 21,865 Total Net Sales ​ $ 2,995,534 ​ $ 674,509 ​ $ 351,744 ​ $ 179,032 ​ $ 4,200,819 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ Net Sales Canada EMEA 2 Asia Pacific Caribbean Total Monster Energy® Drinks ​ $ 2,627,000 ​ $ 500,826 ​ $ 225,172 ​ $ 145,429 ​ $ 3,498,427 Strategic Brands ​ 179,677 ​ 77,841 ​ 26,254 ​ 2,064 ​ 285,836 Other ​ 22,920 ​ — ​ — ​ — ​ 22,920 Total Net Sales ​ $ 2,829,597 ​ $ 578,667 ​ $ 251,426 ​ $ 147,493 ​ $ 3,807,183 ​ 2 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 December 31, 2019 and 2018, the Company had $331.7 million and $356.3 million of deferred revenue, respectively, which is included in current and long-term deferred revenue in the Company’s consolidated balance sheet. During the years ended December 31, 2019, 2018 and 2017, $46.3 million, $44.3 million and $43.4 million, respectively, of deferred revenue, was recognized in net sales. See Note 10.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2019
LEASES
LEASES	3. LEASES The Company leases identified assets comprising real estate and equipment. Real estate leases consist primarily of office and warehouse space and equipment leases consist of vehicles and warehouse equipment. At the inception of a contract, the Company assesses whether the contract is, or contains, a lease. The Company’s assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether the Company obtains the right to substantially all the economic benefit from the use of the asset throughout the term, and (3) whether the Company has the right to direct the use of the asset. At inception of a lease, the Company allocates the consideration in the contract to each lease and non-lease component based on the component’s relative stand-alone price to determine the lease payments. Lease and non-lease components are accounted for separately. Leases are classified as either finance leases or operating leases based on criteria in ASC 842. The Company’s operating leases are comprised of real estate and warehouse equipment, and the Company’s finance leases are comprised of vehicles. Right-of-use (“ROU”) assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As the Company’s leases generally do not provide an implicit rate, the Company uses its incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. ROU assets also include any lease payments made and exclude lease incentives. Lease terms include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Certain of the Company’s real estate leases contain variable lease payments, including payments based on an index or rate. Variable lease payments based on an index or rate are initially measured using the index or rate in effect at the lease commencement date. Additional payments based on the change in an index or rate, or payments based on a change in the Company’s portion of real estate taxes and insurance, are recorded as a period expense when incurred. Lease expense for operating leases, consisting of lease payments, is recognized on a straight-line basis over the lease term and is included in operating expenses in the consolidated statement of income. Lease expense for finance leases consists of the amortization of the ROU asset on a straight-line basis over the asset’s estimated useful life and is included in operating expenses in the consolidated statement of income. Interest expense on finance leases is calculated using the amortized cost basis and is included in other income, net in the consolidated statement of income. The Company’s leases have remaining lease terms of less than one year to 14 years, some of which include options extend options terminate The components of lease cost for the year ended December 31, 2019 was as follows: ​ ​ ​ ​ ​ Operating lease cost $ 4,899 ​ ​ ​ ​ Short-term least cost ​ 3,406 ​ ​ ​ ​ Variable lease cost ​ 640 ​ ​ ​ ​ Finance leases: ​ Amortization of ROU assets ​ 436 Interest on lease liabilities ​ 56 Finance lease cost ​ 492 ​ ​ ​ ​ Total lease cost ​ $ 9,437 ​ Rent expense under operating lease agreements was $6.1 million and $10.7 million for the years ended December 31, 2018 and 2017, respectively. Supplemental cash flow information for leases for the year ended December 31, 2019 was as follows: ​ ​ ​ ​ ​ Cash paid for amounts included in the measurement of lease liabilities: ​ Operating cash flows from operating leases ​ $ 4,077 Operating cash flows from finance leases ​ 56 Financing cash flows from finance leases ​ 2,223 ​ ​ ​ ​ ROU assets obtained in exchange for lease obligations: ​ Finance leases ​ 2,866 Operating leases ​ 34,931 ​ ROU assets for operating and finance leases at December 31, 2019 were comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases ​ $ 30,926 ​ $ 416 ​ $ 31,342 Other Assets Finance leases ​ — ​ 2,632 ​ 2,632 Property and Equipment, net ​ The weighted-average remaining lease term and weighted-average discount rate for operating and finance leases at December 31, 2019 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases Finance Leases Weighted-average remaining lease term (years) 10.1 0.6 ​ Weighted-average discount rate 3.1 % 2.9 % ​ The following table reconciles the undiscounted future lease payments for operating and finance leases to the operating and finance lease liabilities recorded in the consolidated balance sheet at December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Undiscounted Future Lease Payments ​ Operating Leases Finance Leases 2020 ​ $ 3,661 ​ $ 1,500 2021 ​ 2,990 ​ — 2022 ​ 3,213 ​ — 2023 ​ 3,025 ​ — 2024 ​ 2,737 ​ — 2025 and thereafter ​ 18,188 ​ — Total lease payments ​ 33,814 ​ 1,500 Less imputed interest ​ (5,351) ​ (15) Total ​ $ 28,463 ​ $ 1,485 ​ ​ ​ ​ ​ ​ ​ Accrued liabilities ​ $ 2,812 ​ $ 1,485 Other liabilities ​ 25,651 ​ — ​ As of December 31, 2019, the Company had additional operating leases for office and warehouse space that had not yet commenced of $0.7 million. These operating leases will commence in 2020 with lease terms of three to five years. As of December 31, 2019, the Company did not have any significant additional finance leases that had not yet commenced. The Company’s future minimum operating lease commitments, as of December 31, 2018, under ASC 840, the predecessor to ASC 842, were as follows: ​ ​ ​ ​ ​ Year Ending December 31: ​ ​ ​ ​ ​ ​ 2019 ​ $ 3,954 2020 ​ 2,949 2021 ​ 2,410 2022 ​ 2,114 2023 ​ 1,681 2024 and thereafter ​ 14,860 ​ ​ $ 27,968 ​

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2019
INVESTMENTS
INVESTMENTS	4. INVESTMENTS The following table summarizes the Company’s investments at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous ​ Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than 12 December 31, 2019 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ 83,478 ​ — ​ — ​ 83,478 ​ — ​ — Certificates of deposit ​ ​ 28,049 ​ ​ — ​ ​ — ​ ​ 28,049 ​ ​ — ​ ​ — Municipal securities ​ 147,983 ​ 145 ​ 20 ​ 148,108 ​ 20 ​ — U.S. government agency securities ​ 40,620 ​ 5 ​ 35 ​ 40,590 ​ 35 ​ — U.S. treasuries ​ ​ 211,055 ​ ​ 134 ​ ​ 31 ​ ​ 211,158 ​ ​ 31 ​ ​ — Variable rate demand notes ​ 21,680 ​ — ​ — ​ 21,680 ​ — ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ ​ 1,562 ​ ​ — ​ ​ 1 ​ ​ 1,561 ​ ​ 1 ​ ​ — U.S. government agency securities ​ ​ 5,267 ​ ​ — ​ ​ 1 ​ ​ 5,266 ​ ​ 1 ​ ​ — U.S. treasuries ​ ​ 6,077 ​ ​ 1 ​ ​ — ​ ​ 6,078 ​ ​ — ​ ​ — Total ​ $ 545,771 ​ $ 285 ​ $ 88 ​ $ 545,968 ​ $ 88 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous ​ Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than 12 December 31, 2018 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ 52,838 ​ — ​ — ​ 52,838 ​ — ​ — Certificates of deposit ​ ​ 14,075 ​ ​ — ​ ​ — ​ ​ 14,075 ​ ​ — ​ ​ — Municipal securities ​ 151,690 ​ 16 ​ 62 ​ 151,644 ​ 62 ​ — U.S. government agency securities ​ 19,943 ​ — ​ 12 ​ 19,931 ​ 12 ​ — U.S. treasuries ​ ​ 78,189 ​ ​ — ​ ​ 32 ​ ​ 78,157 ​ ​ 32 ​ ​ — Variable rate demand notes ​ 4,005 ​ — ​ — ​ 4,005 ​ — ​ — Total ​ $ 320,740 ​ $ 16 ​ $ 106 ​ $ 320,650 ​ $ 106 ​ $ — ​ During the years ended December 31, 2019, 2018 and 2017, realized gains or losses recognized on the sale of investments were not significant. The Company’s investments at December 31, 2019 and 2018 in commercial paper, certificates of deposit, municipal securities, U.S. government agency securities, U.S. treasuries 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ December 31, 2018 ​ Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ 83,478 ​ 83,478 52,838 ​ 52,838 Municipal securities ​ 147,983 ​ 148,108 151,690 ​ 151,644 U.S. government agency securities ​ 40,620 ​ 40,590 19,943 ​ 19,931 Certificates of deposit ​ 28,049 ​ 28,049 14,075 ​ 14,075 U.S. treasuries ​ ​ 211,055 ​ ​ 211,158 ​ ​ 78,189 ​ ​ 78,157 Due 1 -10 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ 1,562 ​ 1,561 — ​ — U.S. treasuries ​ ​ 6,077 ​ ​ 6,078 ​ ​ — ​ ​ — U.S. government agency securities ​ 5,267 ​ 5,266 — ​ — Variable rate demand notes ​ ​ 3,905 ​ ​ 3,905 ​ ​ — ​ ​ — Due 11 - 20 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ 8,886 ​ 8,886 — ​ — Due 21 - 30 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ 6,885 ​ 6,885 4,005 ​ 4,005 Due 31 - 40 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ ​ 2,004 ​ ​ 2,004 ​ ​ — ​ ​ — Total ​ $ 545,771 ​ $ 545,968 $ 320,740 ​ $ 320,650 ​

FAIR VALUE OF CERTAIN FINANCIAL

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2019
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 FASB ASC 820 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. FASB ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. FASB ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The three levels of inputs required by the standard that the Company uses to measure fair value are summarized below. ● Level 1: Quoted prices in active markets for identical assets or liabilities. ​ ● Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. ​ ● Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. ​ FASB ASC 820 requires the use of observable market inputs (quoted market prices) when measuring fair value and requires a Level 1 quoted price to be used to measure fair value whenever possible. The following tables present the Company’s financial assets that are recorded at fair value on a recurring basis, segregated among the appropriate levels within the fair value hierarchy at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 Level 1 Level 2 Level 3 Total Cash ​ $ 518,178 ​ $ — ​ $ — ​ $ 518,178 Money market funds ​ 191,131 ​ — ​ — ​ 191,131 Certificates of deposit ​ ​ — ​ ​ 28,049 ​ ​ — ​ ​ 28,049 Commercial paper ​ — ​ 96,867 ​ — ​ 96,867 Variable rate demand notes ​ ​ — ​ ​ 21,680 ​ ​ — ​ ​ 21,680 Municipal securities ​ — ​ 167,224 ​ — ​ 167,224 U.S. government agency securities ​ — ​ 73,634 ​ — ​ 73,634 U.S. treasuries ​ ​ — ​ ​ 247,162 ​ ​ — ​ ​ 247,162 Foreign currency derivatives ​ — ​ (687) ​ — ​ (687) Total ​ $ 709,309 ​ $ 633,929 ​ $ — ​ $ 1,343,238 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 709,309 ​ $ 88,648 ​ $ — ​ $ 797,957 Short-term investments ​ — ​ 533,063 ​ — ​ 533,063 Accounts receivable, net ​ — ​ 329 ​ — ​ 329 Investments ​ — ​ 12,905 ​ — ​ 12,905 Accrued liabilities ​ — ​ (1,016) ​ — ​ (1,016) Total ​ $ 709,309 ​ $ 633,929 ​ $ — ​ $ 1,343,238 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2018 Level 1 Level 2 Level 3 Total Cash ​ $ 393,936 ​ $ — ​ $ — ​ $ 393,936 Money market funds ​ 191,358 ​ — ​ — ​ 191,358 Certificates of deposit ​ ​ — ​ ​ 14,075 ​ ​ — ​ ​ 14,075 Commercial paper ​ — ​ 60,422 ​ — ​ 60,422 Variable rate demand notes ​ ​ — ​ ​ 4,005 ​ ​ — ​ ​ 4,005 Municipal securities ​ — ​ 177,118 ​ — ​ 177,118 U.S. government agency securities ​ — ​ 39,092 ​ — ​ 39,092 U.S. treasuries ​ ​ — ​ ​ 78,157 ​ ​ — ​ ​ 78,157 Foreign currency derivatives ​ — ​ (492) ​ — ​ (492) Total ​ $ 585,294 ​ $ 372,377 ​ $ — ​ $ 957,671 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 585,294 ​ $ 52,219 ​ $ — ​ $ 637,513 Short-term investments ​ — ​ 320,650 ​ — ​ 320,650 Accounts receivable, net ​ — ​ 43 ​ — ​ 43 Investments ​ — ​ — ​ — ​ — Accrued liabilities ​ — ​ (535) ​ — ​ (535) Total ​ $ 585,294 ​ $ 372,377 ​ $ — ​ $ 957,671 ​ All of the Company’s short-term and long-term investments are classified within Level 1 or Level 2 within 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, U.S. treasuries, certificates of deposit, VRDNs 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 years ended December 31, 2019 and 2018, and there were no changes in the Company’s valuation techniques.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	12 Months Ended
	Dec. 31, 2019
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 years ended December 31, 2019, 2018 and 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 entered into by the Company that were outstanding as of December 31, 2019 have terms of three months 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 FASB ASC 815. Therefore, gains and losses on the Company’s foreign currency exchange contracts are recognized in other income, net, in the 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 consolidated balance sheets consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under ​ Notional ​ Fair ​ ​ FASB ASC 815-20 Amount Value Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive EUR/pay USD ​ 26,731 ​ 246 Accounts receivable, net Receive RSD/pay USD ​ ​ 9,018 ​ ​ 59 ​ Accounts receivable, net Receive NOK/pay USD ​ 2,122 ​ 17 Accounts receivable, net Receive USD/pay SGD ​ ​ 1,555 ​ ​ 7 ​ Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 38,406 ​ $ (695) Accrued liabilities Receive USD/pay AUD ​ 12,819 ​ (172) Accrued liabilities Receive USD/pay RUB ​ ​ 12,777 ​ ​ (55) ​ Accrued liabilities Receive USD/pay NZD ​ ​ 3,071 ​ ​ (33) ​ Accrued liabilities Receive USD/pay ZAR ​ 3,349 ​ (32) Accrued liabilities Receive USD/pay COP ​ 3,793 ​ (18) Accrued liabilities Receive USD/pay DKK ​ 1,283 ​ (11) Accrued liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2018 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under ​ Notional ​ Fair ​ ​ FASB ASC 815-20 Amount Value Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive SGD/pay USD ​ $ 8,341 ​ $ 30 Accounts receivable, net Receive NOK/pay USD ​ ​ 902 ​ ​ 13 Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 40,648 ​ $ (323) Accrued liabilities Receive USD/pay AUD ​ 15,124 ​ (105) Accrued liabilities Receive USD/pay ZAR ​ 8,618 ​ (68) Accrued liabilities Receive USD/pay COP ​ 2,931 ​ (33) Accrued liabilities Receive USD/pay NZD ​ 2,952 ​ (4) Accrued liabilities Receive USD/pay EUR ​ ​ 6,894 ​ ​ (2) ​ Accrued liabilities ​ The net gain (loss) on derivative instruments in the consolidated statements of income was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain (loss) ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as Location of gain (loss) Year ended hedging instruments under recognized in income on December 31, ​ December 31, ​ December 31, FASB ASC 815-20 derivatives 2019 ​ 2018 2017 Foreign currency exchange contracts Other income, net ​ $ (2,555) ​ $ 9,737 ​ $ (13,733) ​

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2019
INVENTORIES
INVENTORIES	7 . INVENTORIES Inventories consist of the following at December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 Raw materials ​ $ 134,885 ​ $ 94,421 Finished goods ​ 225,846 ​ 183,284 ​ ​ $ 360,731 ​ $ 277,705 ​

PROPERTY AND EQUIPMENT, Net

PROPERTY AND EQUIPMENT, Net	12 Months Ended
	Dec. 31, 2019
PROPERTY AND EQUIPMENT, Net
PROPERTY AND EQUIPMENT, Net	8. PROPERTY AND EQUIPMENT, Net Property and equipment consist of the following at December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 Land ​ $ 78,275 ​ $ 44,261 Leasehold improvements ​ 10,417 ​ 5,909 Furniture and fixtures ​ 8,426 ​ 6,932 Office and computer equipment ​ 22,766 ​ 18,717 Computer software ​ 4,450 ​ 3,278 Equipment ​ 214,293 ​ 183,727 Building ​ 126,338 ​ 115,242 Vehicles ​ 41,109 ​ 39,026 ​ ​ 506,074 ​ 417,092 Less: accumulated depreciation and amortization ​ (207,434) ​ (174,041) ​ ​ $ 298,640 ​ $ 243,051 ​ Total depreciation and amortization expense recorded was $49.1 million, $45.0 million and $37.0 million for the years ended December 31, 2019, 2018 and 2017, respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2019
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 years ended December 31, 2019 and 2018 by reportable segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2018 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at December 31, 2019 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2017 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at December 31, 2018 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​ Intangible assets consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2019 ​ 2018 Amortizing intangibles ​ $ 66,949 ​ $ 71,350 Accumulated amortization ​ (49,128) ​ (38,311) ​ ​ 17,821 ​ 33,039 Non-amortizing intangibles ​ 1,034,284 ​ 1,012,839 ​ ​ $ 1,052,105 ​ $ 1,045,878 ​ 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 The following is the future estimated amortization expense related to amortizing intangibles as of December 31, 2019: ​ ​ ​ ​ ​ Year Ending December 31: ​ ​ ​ ​ ​ ​ 2020 ​ $ 7,670 2021 ​ ​ 4,429 2022 ​ ​ 4,404 2023 ​ ​ 1,111 2024 ​ ​ 13 2025 and thereafter ​ ​ 194 ​ ​ $ 17,821 ​ At December 31, 2019, non-amortizing intangibles primarily consist of indefinite-lived tradenames, flavors and formulas.

DISTRIBUTION AGREEMENTS

DISTRIBUTION AGREEMENTS	12 Months Ended
	Dec. 31, 2019
DISTRIBUTION AGREEMENTS
DISTRIBUTION AGREEMENTS	10. DISTRIBUTION AGREEMENTS In accordance with FASB 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. As a result, the Company incurred termination costs of $11.3 million, $26.6 million and $35.4 million for the years ended December 31, 2019, 2018 and 2017, respectively. Such termination costs have been expensed in full and are included in operating expenses for the years ended December 31, 2019, 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 $25.0 million, $21.9 million and $22.3 million for the years ended December 31, 2019, 2018 and 2017, respectively.

DEBT

DEBT	12 Months Ended
	Dec. 31, 2019
DEBT
DEBT	11. DEBT The Company entered into a credit facility with Comerica Bank (“Comerica”) consisting of a revolving line of credit, which was amended in June 2017, under which the Company may borrow up to $10.0 million of non-collateralized debt. The revolving line of credit is effective through June 1, 2020. Interest on borrowings under the line of credit is based on Comerica’s base (prime) rate minus 1.00% to 1.50%, or London Interbank Offered Rates plus an additional percentage of 1.25% to 1.75%, depending upon certain financial ratios maintained by the Company. The Company had no outstanding borrowings on this line of credit at December 31, 2019. Under this revolving line of credit, the Company may also issue standby Letters of Credit with an aggregate amount of up to $4.0 million. The fee on the standby Letters of Credit ranges from 1.00% to 1.50% depending upon certain financial ratios maintained by the Company. The Company had no outstanding standby Letters of Credit at December 31, 2019. In December 2016, the Company entered into a credit facility with HSBC Bank (China) Company Limited, Shanghai Branch consisting of a non-collateralized working capital line of credit. In February 2018, the working capital line limit was increased to $15.0 million. At December 31, 2019, the interest rate on borrowings under the line of credit was 5.5%. As of December 31, 2019, the Company had no amounts outstanding on this line of credit. ​

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES The Company is obligated under various non-cancellable lease agreements providing for office space, warehouse space, vehicles and warehouse equipment that expire at various dates through the year 2033. See Note 3. Contractual obligations ​ ​ ​ ​ ​ Year Ending December 31: ​ ​ ​ ​ ​ ​ 2020 ​ $ 121,675 2021 ​ 43,575 2022 ​ 13,146 2023 ​ 3,500 2024 ​ — 2025 and thereafter ​ — ​ ​ $ 181,896 ​ Purchase Commitments The Company purchases various raw material items, including, but not limited to, flavors, ingredients, supplement ingredients, containers, milk, glucose, sucralose, cream and protein, from a limited number of suppliers. An interruption in supply from any of such resources could result in the Company’s inability to produce certain products for limited or possibly extended periods of time. The aggregate value of purchases from suppliers of such limited resources described above for the years ended December 31, 2019, 2018 and 2017 was $335.3 million, $289.6 million and $273.6 million, respectively. Guarantees Litigation 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 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 December 31, 2019, the Company’s consolidated balance sheet includes accrued loss contingencies of approximately $15.5 million.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2019
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS	13. ACCUMULATED OTHER COMPREHENSIVE LOSS The components of accumulated other comprehensive loss are as follows at December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 Accumulated net unrealized (gain) loss on available-for-sale securities ​ $ (194) ​ $ 89 Foreign currency translation adjustments, net of tax ​ ​ 32,581 ​ ​ 32,775 Total accumulated other comprehensive loss ​ $ 32,387 ​ $ 32,864 ​

TREASURY STOCK PURCHASE

TREASURY STOCK PURCHASE	12 Months Ended
	Dec. 31, 2019
TREASURY STOCK PURCHASE
TREASURY STOCK PURCHASE	14. TREASURY STOCK PURCHASE On August 7, 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 “August 2018 Repurchase Plan”). During the year ended December 31, 2019, the Company purchased 2.9 million shares of common stock at an average purchase price of $54.68 per share, for a total amount of $159.6 million (excluding broker commissions), which exhausted the availability under the August 2018 Repurchase Plan. Such shares are included in common stock in treasury in the accompanying consolidated balance sheet at December 31, 2019. On February 26, 2019, 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 “February 2019 Repurchase Plan”). During the year ended December 31, 2019, the Company purchased 8.1 million shares of common stock at an average purchase price of $57.16 per share, for a total amount of $463.3 million (excluding broker commissions), under the February 2019 Repurchase Plan. Such shares are included in common stock in treasury in the accompanying consolidated balance sheet at December 31, 2019. As of February 28, 2020, $36.6 million remained available for repurchase under the February 2019 Repurchase Plan. On November 6, 2019, the Company’s Board of Directors authorized a new share repurchase program for the purchase of up to $500.0 million of the Company’s outstanding common stock (the “November 2019 Repurchase Plan”). No shares were purchased during the year ended December 31, 2019 under the November 2019 Repurchase Plan. As of February 28, 2020, $500.0 million remained available for repurchase under the November 2019 Repurchase Plan. During the year ended December 31, 2019, 1.4 million 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 $84.5 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 consolidated balance sheet at December 31, 2019.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2019
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	15. STOCK-BASED COMPENSATION The Company has two stock-based compensation plans under which shares were available for grant at December 31, 2019: 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 as a sub plan thereunder. The 2011 Omnibus Incentive Plan permits the granting of options, stock appreciation rights, restricted stock, restricted stock units, performance awards and other stock-based awards up to an aggregate of 43,500,000 shares of the common stock of the Company to employees or consultants of the Company and its subsidiaries. Shares authorized under the 2011 Omnibus Incentive Plan are reduced by 2.16 shares for each share granted or issued with respect to a Full Value Award (as defined in the 2011 Omnibus Incentive Plan). A Full Value Award is an award other than an incentive stock option, a non-qualified stock option, or a stock appreciation right, which is settled by the issuance of shares. Options granted under the 2011 Omnibus Incentive Plan may be incentive stock options under Section 422 of the Internal Revenue Code, as amended, or non-qualified stock options. The Compensation Committee of the Board of Directors (the “Compensation Committee”) has sole and exclusive authority to grant stock awards to all employees who are not new hires and to all new hires who are subject to Section 16 of the Exchange Act. The Compensation Committee and the Executive Committee of the Board of Directors (the “Executive Committee”) each independently has the authority to grant stock awards to new hires who are not Section 16 employees. Awards granted by the Executive Committee are not subject to approval or ratification by the Board of Directors or the Compensation Committee. Options granted under the 2011 Omnibus Incentive Plan generally vest over a five-year period from the grant date and are generally exercisable up to 10 years after the grant date. As of December 31, 2019, 24,555,792 shares of the Company’s common stock have been granted, net of cancellations, and 14,169,367 shares (as adjusted for Full Value Awards) of the Company’s common stock remain available for grant under the 2011 Omnibus Incentive Plan. In 2016, the Company adopted the Deferred Compensation Plan (as a sub plan to the 2011 Omnibus Incentive Plan), pursuant to which eligible employees may elect to defer cash and/or equity based compensation and to receive the deferred amounts, together with an investment return (positive or negative), either at a pre-determined time in the future or upon termination of their employment with the Company or its subsidiaries or affiliates that are participating employers under the Deferred Compensation Plan, as provided under the Deferred Compensation Plan and in relevant deferral elections. Deferrals under the Deferred Compensation Plan are unfunded and unsecured. As of December 31, 2019, deferrals under the Deferred Compensation Plan are solely comprised of cash compensation and equity compensation and are not material in the aggregate. In 2017, the Company adopted the 2017 Directors Plan, a successor plan to the 2009 Monster Beverage Corporation Stock Incentive Plan for Non-Employee Directors. The 2017 Directors Plan permits the granting of stock options, stock appreciation rights, restricted shares or restricted stock units, deferred awards, dividend equivalents, and other share based-awards up to an aggregate of 1,250,000 shares of common stock of the Company to non-employee directors of the Company. Each calendar year, a non-employee director will receive an annual retainer and annual equity award, as provided for in the 2017 Directors Plan, which may be modified from time to time. Currently, with respect to equity awards, each non-employee director receives an award of restricted stock units at each annual meeting of the Company’s stockholders or promptly thereafter. A non-employee director’s annual award of restricted stock units will generally vest on the earliest to occur of: (a) the last business day immediately preceding the annual meeting of the Company’s stockholders in the calendar year following the calendar year in which the grant date occurs, (b) a Change of Control (as defined in the 2017 Directors Plan), (c) the non-employee director’s death, or (d) the date of the non-employee director’s separation from service due to disability, so long as the non-employee director remains a non-employee director through such date. The Board of Directors may in its discretion award non-employee directors stock options, stock appreciation rights, restricted stock and other share- based awards in lieu of or in addition to restricted stock units. The Board of Directors may amend or terminate the 2017 Directors Plan at any time, subject to certain limitations set forth in the 2017 Directors Plan. As of December 31, 2019, 68,774 shares of the Company’s common stock had been granted under the 2017 Directors Plan, and 1,181,226 shares of the Company’s common stock remain available for grant. In 2017, the Company adopted the Deferred Compensation Plan for Non-Employee Directors (as a sub plan to the 2017 Directors Plan), pursuant to which the Board of Directors may permit non-employee directors to elect, at such times and in accordance with rules and procedures (or sub-plan) adopted by the Board of Directors (which are intended to comply with Code Section 409A, as applicable), to receive all or any portion of such non-employee director’s compensation, whether payable in cash or in equity, on a deferred basis. Deferrals under the Deferred Compensation Plan for Non-Employee Directors are unfunded and unsecured. As of December 31, 2019, deferrals under the Deferred Compensation Plan for Non-Employee Directors are solely comprised of cash compensation and equity compensation and are not material in the aggregate. The 2017 Directors Plan was adopted to effectuate any such deferrals. The 2017 Directors Plan is administered by the Board of Directors. Each award granted under the 2017 Directors Plan will be evidenced by a written agreement and will contain the terms and conditions that the Board of Directors deems appropriate. Under the 2017 Directors Plan, the Board of Directors requires each non-employee director to satisfy the share ownership guidelines set forth below, as may be amended by the Board of Directors from time to time. The current share ownership guidelines provide that non-employee directors of the Company must: ● Hold at least 9,000 shares of Company common stock. For this purpose, deferred shares or deferred restricted stock units will be deemed held, to the extent vested. ● The minimum stock ownership level must be achieved by each non-employee director by the third (3rd) anniversary of such non-employee director’s initial appointment to the Board of Directors. ● Once achieved, ownership of the guideline amount should be maintained for so long as the non-employee director retains his or her seat on the Board of Directors. ● There may be rare instances where these guidelines would place a hardship on a non-employee director. In these cases or in similar circumstances, the Board of Directors will make the final decision as to developing an alternative stock ownership guideline for a non-employee director that reflects the intention of these guidelines and his or her personal circumstances. The Company recorded $63.4 million, $57.1 million and $52.3 million of compensation expense relating to stock options, restricted stock awards and restricted stock units during the years ended December 31, 2019, 2018 and 2017, respectively. The 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 years ended December 31, 2019, 2018 and 2017 was $25.9 million, $8.5 million and $96.7 million, respectively. Stock Options Under the Company’s stock-based compensation plans, all stock options granted through December 31, 2019 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 2017 Dividend yield ​ 0.0 % 0.0 % 0.0 % Expected volatility ​ 30.2 % 34.7 % 36.5 % Risk-free interest rate ​ 2.37 % 2.81 % 2.11 % Expected term ​ 6.0 Years ​ 6.0 Years ​ 6.1 Years ​ ​ Expected Volatility Risk-Free Interest Rate Expected Term The following table summarizes the Company’s activities with respect to its stock option plans as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ ​ Weighted- ​ Average ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ ​ ​ ​ ​ Number of ​ Exercise ​ Contractual ​ Aggregate ​ ​ Shares (in ​ Price Per ​ Term (In ​ Intrinsic Options thousands) Share years) Value Outstanding at January 1, 2019 18,890 ​ $ 34.61 5.8 ​ $ 303,627 Granted 01/01/19 - 03/31/19 1,570 ​ $ 59.52 ​ ​ ​ ​ ​ Granted 04/01/19 - 06/30/19 — ​ $ — ​ ​ ​ ​ ​ Granted 07/01/19 - 09/30/19 52 ​ $ 58.54 ​ ​ ​ ​ ​ Granted 10/01/19 - 12/31/19 50 ​ $ 56.39 ​ ​ ​ ​ ​ Exercised (5,224) ​ $ 17.68 ​ ​ ​ ​ ​ Cancelled or forfeited (397) ​ $ 50.83 ​ ​ ​ ​ ​ Outstanding at December 31, 2019 14,941 ​ $ 42.88 6.3 ​ $ 308,884 Vested and expected to vest in the future at December 31, 2019 14,205 ​ $ 42.25 6.2 ​ $ 302,587 Exercisable at December 31, 2019 7,758 ​ $ 33.70 5.0 ​ $ 231,600 ​ The following table summarizes information about stock options outstanding and exercisable at December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding ​ Options Exercisable ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ Weighted ​ Number ​ Weighted ​ ​ ​ ​ ​ ​ Number ​ Remaining ​ Average ​ Exercisable ​ Average Range of Exercise ​ Outstanding ​ Contractual ​ Exercise ​ (In ​ Exercise Prices ($) Thousands) Term (Years) Price ($) Thousands) Price ($) $ 6.40 - $ 17.99 1,741 3.2 ​ $ 16.88 1,741 ​ $ 16.88 $ 18.64 - $ 23.35 1,852 4.1 ​ $ 22.92 1,852 ​ $ 22.92 $ 36.05 - $ 36.05 12 5.0 ​ $ 36.05 8 ​ $ 36.05 $ 37.10 - $ 43.64 1,457 6.4 ​ $ 42.06 757 ​ $ 40.91 $ 43.99 - $ 43.99 1,925 6.2 ​ $ 43.99 1,088 ​ $ 43.99 $ 44.73 - $ 45.16 2,002 5.5 ​ $ 45.10 1,336 ​ $ 45.11 $ 45.55 - $ 51.50 1,621 7.4 ​ $ 47.60 578 ​ $ 46.56 $ 53.24 - $ 57.95 382 8.8 ​ $ 55.85 39 ​ $ 54.80 $ 58.73 - $ 58.73 2,371 8.2 ​ $ 58.73 345 ​ $ 58.73 $ 58.77 - $ 63.46 1,578 9.2 ​ $ 59.79 14 ​ $ 62.50 ​ ​ ​ ​ ​ 14,941 6.3 ​ $ 42.88 7,758 ​ $ 33.70 ​ The weighted-average grant-date fair value of options granted during the years ended December 31, 2019, 2018 and 2017 was $20.17 per share, $22.37 per share and $18.29 per share, respectively. The total intrinsic value of options exercised during the years ended December 31, 2019, 2018 and 2017 was $220.2 million, $56.8 million and $285.8 million, respectively. Cash received from option exercises under all plans for the years ended December 31, 2019, 2018 and 2017 was $92.4 million, $25.9 million and $52.6 million, respectively. At December 31, 2019, there was $80.3 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 2.3 years. Restricted Stock Units Stock-based compensation cost 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average ​ ​ Shares (in ​ Grant-Date ​ thousands) Fair Value Non-vested at January 1, 2019 ​ 529 ​ $ 51.55 Granted 01/01/19 - 03/31/19 ​ 548 ​ $ 59.66 Granted 04/01/19 - 06/30/19 ​ 18 ​ $ 63.48 Granted 07/01/19 - 09/30/19 ​ 1 ​ $ 66.00 Granted 10/01/19 - 12/31/19 ​ 1 ​ $ 55.73 Vested ​ (266) ​ $ 50.12 Forfeited/cancelled ​ (6) ​ $ 59.67 Non-vested at December 31, 2019 ​ 825 ​ $ 57.62 ​ The weighted-average grant-date fair value of restricted stock units granted during the years ended December 31, 2019, 2018 and 2017 was $59.79, $57.59 and $46.74 per share, respectively. As of December 31, 2019, 0.7 million of restricted stock units are expected to vest. At December 31, 2019, total unrecognized compensation expense relating to non-vested restricted stock units was $29.3 million, which is expected to be recognized over a weighted-average period of 2.6 years. Employee and Non-Employee Share-Based Compensation Expense The table below shows the amounts recognized in the consolidated financial statements for the years ended December 31, 2019, 2018 and 2017 for share-based compensation related to employees and non-employees. Employee and non-employee share-based compensation expense of $63.4 million for the year ended December 31, 2019 is comprised of $10.0 million relating to incentive stock options and $53.4 million relating to non-qualified stock options and restricted units. Employee and non-employee share-based compensation expense of $57.1 million for the year ended December 31, 2018 is comprised of $10.0 million relating to incentive stock options and $47.1 million relating to non-qualified stock options and restricted units. Employee and non-employee share-based compensation expense of $52.3 million for the year ended December 31, 2017 is comprised of $8.7 million relating to incentive stock options and $43.6 million relating to non-qualified stock options and restricted units. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 2017 Operating expenses ​ $ 63,356 ​ $ 57,111 ​ $ 52,282 Total employee and non-employee share-based compensation expense included in income, before ​ 63,356 ​ 57,111 ​ 52,282 Less: Amount of income tax benefit recognized in earnings ​ (36,326) ​ (14,892) ​ (100,635) Amount charged against net income ​ $ 27,030 ​ $ 42,219 ​ $ (48,353) ​

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
INCOME TAXES
INCOME TAXES	16. 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 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 completed its analysis of the Tax Reform Act during 2018 and adjusted the 2017 provisional estimate to the final amounts in accordance with Staff Accounting Bulletin No. 118. 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 740. For the year ended December 31, 2018, the Company made an adjustment to the provisional amount and recognized an additional $1.8 million provision for income tax related to the deemed mandatory repatriation. The Company has not made additional measurement window adjustments to these items during the year ended December 31, 2019. The Company evaluated the various provisions of the Tax Reform Act, including, the global intangible low-taxed income (“GILTI”) and the foreign derived intangible income provisions. The Company will treat any U.S. tax on foreign earnings under GILTI as a current period expense when incurred. The Company currently considers the earnings of its foreign entities (excluding Japan) to be permanently reinvested outside the United States based on estimates that future domestic cash generation will be sufficient to meet future domestic cash needs. Accordingly, deferred income taxes have not been recorded for the undistributed earnings of the Company’s foreign subsidiaries excluding Japan. Deferred income taxes have not been recorded for Japan, as any federal, state, or foreign withholding taxes associated with the repatriation of those earnings would be immaterial. The domestic and foreign components of the Company’s income before provision for income taxes are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2019 2018 2017 Domestic* ​ $ 1,196,883 ​ $ 1,100,487 ​ $ 1,062,713 Foreign* ​ 219,079 ​ 192,785 ​ 138,910 Income before provision for income taxes ​ $ 1,415,962 ​ $ 1,293,272 ​ $ 1,201,623 ​ *After intercompany royalties, management fees and interest charges from the Company’s domestic to foreign entities of $51.2 million, $40.5 million and $42.5 million for the years ended December 31, 2019, 2018 and 2017, respectively. Components of the provision for income taxes are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2019 2018 2017 Current: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ $ 212,068 ​ $ 209,147 ​ $ 243,127 State ​ 39,982 ​ 41,934 ​ 43,252 Foreign ​ 55,167 ​ 42,541 ​ 27,522 ​ ​ 307,217 ​ 293,622 ​ 313,901 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ 8,320 ​ 9,804 ​ 61,797 State ​ (6,878) ​ 1,644 ​ 3,062 Foreign ​ (4,219) ​ (8,778) ​ (4,579) ​ ​ (2,777) ​ 2,670 ​ 60,280 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Valuation allowance ​ 3,687 ​ 3,976 ​ 6,764 ​ ​ $ 308,127 ​ $ 300,268 ​ $ 380,945 ​ A reconciliation of the total provision for income taxes after applying the U.S. federal statutory rate of 21% for 2019 and 2018 and 35% for 2017 to income before provision for income taxes to the reported provision for income taxes are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2019 2018 2017 U.S. Federal tax expense at statutory rates ​ $ 297,352 ​ $ 271,587 ​ $ 420,568 State income taxes, net of federal tax benefit ​ 30,098 ​ 36,312 ​ 27,569 Permanent differences ​ (2,128) ​ 3,606 ​ 10,356 Stock based compensation ​ ​ (13,473) ​ ​ (370) ​ ​ (79,687) Domestic production deduction ​ — ​ — ​ (22,229) Deferred tax asset reduction (Tax Reform Act) ​ ​ — ​ ​ — ​ ​ 39,763 Other ​ (12,423) ​ (8,438) ​ 3,736 Foreign rate differential ​ 5,014 ​ (6,405) ​ (25,895) Valuation allowance ​ 3,687 ​ 3,976 ​ 6,764 ​ ​ $ 308,127 ​ $ 300,268 ​ $ 380,945 ​ Major components of the Company’s deferred tax assets (liabilities) at December 31, 2019 and 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 Deferred Tax Assets: ​ ​ ​ ​ ​ ​ Reserve for sales returns ​ $ 140 ​ $ 137 Reserve for inventory obsolescence ​ 2,066 ​ 2,836 Reserve for marketing development fund ​ 8,469 ​ 4,666 Capitalization of inventory costs ​ 2,310 ​ 1,210 State franchise tax - current ​ 2,346 ​ 2,663 Accrued compensation ​ 1,944 ​ 574 Accrued other liabilities ​ 5,674 ​ 5,276 Deferred revenue ​ 81,903 ​ 87,573 Stock-based compensation ​ 22,665 ​ 25,439 Foreign net operating loss carryforward ​ 30,187 ​ 28,030 Prepaid supplies ​ 5,799 ​ 7,476 Termination payments ​ 69,467 ​ 71,918 Operating lease liabilities ​ 6,155 ​ — Other deferred tax assets ​ ​ 17,615 ​ ​ 11,010 Total gross deferred tax assets ​ $ 256,740 ​ $ 248,808 ​ ​ ​ ​ ​ ​ ​ Deferred Tax Liabilities: ​ ​ ​ ​ ​ ​ Amortization of trademarks ​ $ (35,227) ​ $ (31,445) Intangibles ​ (76,047) ​ (82,544) State franchise tax - deferred ​ (7,173) ​ (7,093) Operating lease ROU assets ​ ​ (6,155) ​ ​ — Other deferred tax liabilities ​ (93) ​ (99) Depreciation ​ (6,765) ​ (5,123) Total gross deferred tax liabilities ​ (131,460) ​ (126,304) ​ ​ ​ ​ ​ ​ ​ Valuation Allowance ​ (40,503) ​ (36,816) ​ ​ ​ ​ ​ ​ ​ Net deferred tax assets ​ $ 84,777 ​ $ 85,688 ​ During the years ended December 31, 2019, 2018 and 2017, the Company established full valuation allowances against certain deferred tax assets, resulting from cumulative net operating losses incurred by certain foreign subsidiaries of the Company. The effect of the valuation allowances and the subsequent related impact on the Company’s overall tax rate was to increase the Company’s provision for income taxes by $3.7 million, $4.0 million and $6.8 million for the years ended December 31, 2019, 2018 and 2017, respectively. At December 31, 2019, the Company had net operating loss carryforwards of approximately $112.4 million. Of this amount, $77.5 million may be carried forward indefinitely. The remaining $34.8 million of net operating loss carryforwards will begin to expire in 2020. The following is a roll-forward of the Company’s total gross unrecognized tax benefits, not including interest and penalties, for the years ended December 31, 2019, 2018 and 2017: ​ ​ ​ ​ ​ ​ Gross Unrecognized Tax ​ ​ Benefits Balance at January 1, 2017 ​ $ 9 Additions for tax positions related to the current year ​ — Additions for tax positions related to the prior year ​ 6,540 Decreases for tax positions related to prior years ​ (9) Balance at December 31, 2017 ​ $ 6,540 Additions for tax positions related to the current year ​ ​ — Additions for tax positions related to the prior year ​ ​ 1,159 Decreases for tax positions related to prior years ​ ​ (2,664) Balance at December 31, 2018 ​ $ 5,035 Additions for tax positions related to the current year ​ ​ — Additions for tax positions related to the prior year ​ ​ 1,833 Decreases for tax positions related to prior years ​ ​ (3,875) Balance at December 31, 2019 ​ $ 2,993 ​ The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes in the Company’s consolidated financial statements. As of December 31, 2019, the Company had accrued approximately $0.4 million in interest and penalties related to unrecognized tax benefits. If the Company were to prevail on all uncertain tax positions it would not have a significant impact on the Company’s effective tax rate. It is expected that the amount of unrecognized tax benefit change 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. Both examinations were completed in November 2019 with no material adjustments. The Company is in various stages of examination with certain states and certain foreign jurisdictions including the United Kingdom and Ireland. The Company’s 2016 through 2018 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 2014 through 2018 tax years.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2019
EARNINGS PER SHARE
EARNINGS PER SHARE	17. EARNINGS PER SHARE A reconciliation of the weighted average shares used in the basic and diluted earnings per common share computations for the years ended December 31, 2019, 2018 and 2017 is presented below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 2017 Weighted-average shares outstanding: ​ ​ ​ ​ ​ ​ Basic ​ 542,191 ​ 557,166 ​ 566,782 Dilutive securities ​ 4,417 ​ 7,088 ​ 10,359 Diluted ​ 546,608 ​ 564,254 ​ 577,141 ​ For the years ended December 31, 2019, 2018 and 2017, options and awards outstanding totaling 4.4 million shares, 3.2 million shares and 7.9 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.

EMPLOYEE BENEFIT PLAN

EMPLOYEE BENEFIT PLAN	12 Months Ended
	Dec. 31, 2019
EMPLOYEE BENEFIT PLAN
EMPLOYEE BENEFIT PLAN	18. EMPLOYEE BENEFIT PLAN Employees of the Company may participate in the Monster Beverage Corporation 401(k) Plan, a defined contribution plan, which qualifies under Section 401(k) of the Internal Revenue Code. Participating employees may contribute into a traditional plan with pretax salary or into a Roth plan with after tax salary up to statutory limits. The Company contributes 50% of the employee contribution, up to 6% of each employee’s earnings (8% starting January 1, 2020), which vest over four years (2 years of service = 50%, 3 years of service = 75%, 4 years of service = 100%). Matching contributions were $3.4 million, $2.9 million and $2.5 million for the years ended December 31, 2019, 2018 and 2017, respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2019
SEGMENT INFORMATION
SEGMENT INFORMATION	19. SEGMENT INFORMATION The Company has three operating and reportable TM 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, foodservice customers, value stores, e-commerce retailers 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 by such bottlers to other bottlers, full service distributors or retailers, including, retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, foodservice customers, drug stores, value stores, e-commerce retailers 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 margin percentages 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 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 years ended December 31, 2019, 2018 and 2017 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 2017 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks (1) ​ $ 3,904,029 ​ $ 3,498,427 ​ $ 3,047,596 Strategic Brands ​ 274,925 ​ 285,836 ​ 299,844 Other ​ 21,865 ​ 22,920 ​ 21,605 Corporate and unallocated ​ — ​ — ​ — ​ ​ $ 4,200,819 ​ $ 3,807,183 ​ $ 3,369,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 2017 Operating Income: ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks (1) (2) ​ $ 1,565,977 ​ $ 1,371,062 ​ $ 1,264,579 Strategic Brands ​ 164,053 ​ 176,520 ​ 174,458 Other ​ 3,650 ​ 5,362 ​ 5,583 Corporate and unallocated ​ (330,741) ​ (269,325) ​ (245,833) ​ ​ $ 1,402,939 ​ $ 1,283,619 ​ $ 1,198,787 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 2017 Income before tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks (1) (2) ​ $ 1,567,022 ​ $ 1,372,001 ​ $ 1,264,555 Strategic Brands ​ 164,049 ​ 176,540 ​ 174,442 Other ​ 3,655 ​ 5,362 ​ 5,583 Corporate and unallocated ​ (318,764) ​ (260,631) ​ (242,957) ​ ​ $ 1,415,962 ​ $ 1,293,272 ​ $ 1,201,623 ​ (1) Includes $46.3 million, $44.3 million and $43.4 million for the years ended December 31, 2019, 2018 and 2017, respectively, related to the recognition of deferred revenue. ​ (2) Includes $11.3 million, $26.6 million and $35.4 million for the years ended December 31, 2019, 2018 and 2017, respectively, related to distributor termination costs. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 2017 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 39,397 ​ $ 36,387 ​ $ 29,591 Stategic Brands ​ 7,935 ​ 7,774 ​ 7,443 Other ​ 4,637 ​ 4,657 ​ 4,608 Corporate and unallocated ​ 8,758 ​ 8,161 ​ 7,245 ​ ​ $ 60,727 ​ $ 56,979 ​ $ 48,887 ​ Corporate and unallocated expenses were $330.7 million for the year ended December 31, 2019 and included $203.3 million of payroll costs, of which $63.4 million was attributable to stock-based compensation expense (See Note 15, “Stock-Based Compensation”), $78.5 million of professional service expenses, including accounting and legal costs, $6.1 million of insurance costs and $42.8 million of other operating expenses. Corporate and unallocated expenses were $269.3 million for the year ended December 31, 2018 and included $174.9 million of payroll costs, of which $57.1 million was attributable to stock-based compensation expense (See Note 15, “Stock-Based Compensation”), $53.6 million of professional service expenses, including accounting and legal costs, $6.0 million of insurance costs and $34.8 million of other operating expenses. Corporate and unallocated expenses were $245.8 million for the year ended December 31, 2017 and included $156.3 million of payroll costs, of which $52.3 million was attributable to stock-based compensation expense (See Note 15, “Stock-Based Compensation”), $51.8 million of professional service expenses, including accounting and legal costs, $6.0 million of insurance costs and $31.7 million of other operating expenses. TCCC, through the TCCC Subsidiaries, accounted for approximately 2%, 3% and 18% of the Company's net sales for the years ended December 31, 2019, 2018 and 2017, respectively. As part of the North America Refranchising, the territories of certain TCCC Subsidiaries have been transitioned to certain independent/non wholly-owned TCCC bottlers/distributors. Accordingly, the Company's percentage of net sales classified as sales to the TCCC Subsidiaries decreased for the years ended December 31, 2019, 2018 and 2017. Coca-Cola Consolidated, Inc. accounted for approximately 13% of the Company’s net sales for the years ended December 31, 2019, 2018 and 2017. Reyes Coca-Cola Bottling, LLC accounted for approximately 11%, 12% and 6% of the Company’s net sales for the years ended December 31, 2019, 2018 and 2017, respectively. Coca-Cola European Partners accounted for approximately 10%, 10% and 9% of the Company’s net sales for the years ended December 31, 2019, 2018 and 2017, respectively. Net sales to customers outside the United States amounted to $1.33 billion, $1.09 billion and $909.3 million for the years ended December 31, 2019, 2018 and 2017, respectively. Such sales were approximately 32%, 29% and 27% of net sales for the years ended December 31, 2019, 2018 and 2017, respectively. Goodwill and other intangible assets for the Company’s reportable segments as of December 31, 2019 and 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 Goodwill and other intangible assets: ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 1,384,940 ​ $ 1,368,620 Strategic Brands ​ 984,393 ​ 989,944 Other ​ 14,415 ​ 18,957 Corporate and unallocated ​ — ​ — ​ ​ $ 2,383,748 ​ $ 2,377,521 ​

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2019
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	20. RELATED PARTY TRANSACTIONS TCCC controls approximately 19.0% of the voting interests of the Company. The TCCC Subsidiaries, the TCCC Related Parties and the TCCC Independent Bottlers, purchase and distribute the Company’s products in domestic and certain 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 year ended December 31, 2019 were $50.1 million, and are included as a reduction to net sales. TCCC commissions, based on sales to the TCCC Independent Bottlers for the year ended December 31, 2019 were $17.7 million, and are included in operating expenses. TCCC commissions, based on sales to the TCCC Subsidiaries and the TCCC Related Parties, for the year ended December 31, 2018 were $48.0 million, and are included as a reduction to net sales. TCCC commissions, based on sales to the TCCC Independent Bottlers for the year ended December 31, 2018 were $14.8 million, and are included in operating expenses. TCCC commissions, based on sales to the TCCC Subsidiaries, for the year ended December 31, 2017 were $9.8 million, 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 year ended December 31, 2017 were $45.0 million, 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 years ended December 31, 2019, 2018 and 2017 were $79.5 million, $132.5 million and $594.1 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 years ended December 31, 2019, 2018 and 2017. The Company also purchases concentrates from TCCC which are then sold to certain of the Company's bottlers/distributors. Concentrate purchases from TCCC were $25.4 million, $27.5 million and $26.2 million for the years ended December 31, 2019, 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 $17.1 million, $22.8 million and $11.8 million for the years ended December 31, 2019, 2018 and 2017, respectively. Accounts receivable, accounts payable and accrued promotional allowances related to the TCCC Subsidiaries are as follows at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2019 2018 Accounts receivable, net ​ $ 21,670 ​ $ 25,312 Accounts payable ​ $ (18,217) ​ $ (54,430) Accrued promotional allowances ​ $ (5,321) ​ $ (4,044) ​ One director of the Company and his family, and one director's family, 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 years ended December 31, 2019, 2018 and 2017 were $1.5 million, $1.8 million and $2.2 million, respectively. In December 2018, the Company and a director of the Company entered into a 50-50 partnership that purchased land, and real property thereon, in Kona, Hawaii for the purpose of producing coffee products. The Company’s initial 50% contribution of $1.9 million was accounted for as an equity investment and is included in other assets (non-current) in the accompanying consolidated balance sheet at December 31, 2018. During the year ended December 31, 2019, the Company made an additional $0.05 million capital contribution, made a loan of $0.15 million and recorded an equity loss of $0.09 million. As of December 31, 2019, the Company’s equity investment is $1.9 million and is included in other assets (non-current) in the accompanying consolidated balance sheet at December 31, 2019.

QUARTERLY FINANCIAL DATA (Unaud

QUARTERLY FINANCIAL DATA (Unaudited)	12 Months Ended
	Dec. 31, 2019
QUARTERLY FINANCIAL DATA (Unaudited)
QUARTERLY FINANCIAL DATA (Unaudited)	21. QUARTERLY FINANCIAL DATA (Unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Income per Common ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share ​ Net Sales Gross Profit Net Income Basic Diluted Quarter ended: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2019 ​ $ 945,991 ​ $ 573,532 ​ $ 261,485 ​ $ 0.48 ​ $ 0.48 June 30, 2019 ​ 1,104,045 ​ 661,283 ​ 292,473 ​ $ 0.54 ​ $ 0.53 September 30, 2019 ​ 1,133,577 ​ 673,002 ​ 298,923 ​ $ 0.55 ​ $ 0.55 December 31, 2019 ​ 1,017,206 ​ 610,768 ​ 254,954 ​ $ 0.47 ​ $ 0.47 ​ ​ $ 4,200,819 ​ $ 2,518,585 ​ $ 1,107,835 ​ ​ ​ ​ ​ ​ Quarter ended: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2018 ​ $ 850,921 ​ $ 515,257 ​ $ 216,050 ​ $ 0.38 ​ $ 0.38 June 30, 2018 ​ 1,015,873 ​ 620,258 ​ 270,116 ​ $ 0.48 ​ $ 0.48 September 30, 2018 ​ 1,016,160 ​ 607,659 ​ 267,733 ​ $ 0.48 ​ $ 0.48 December 31, 2018 ​ 924,229 ​ 552,201 ​ 239,105 ​ $ 0.43 ​ $ 0.43 ​ ​ $ 3,807,183 ​ $ 2,295,375 ​ $ 993,004 ​ ​ ​ ​ ​ ​ ​ Certain of the figures reported above may differ from previously reported figures for individual quarters due to rounding.

SCHEDULE II - VALUATION AND QUA

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2019
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Charged to ​ ​ ​ ​ Balance at ​ ​ beginning ​ cost and ​ ​ ​ ​ end of Description of period expenses Deductions period Allowance for doubtful accounts, sales returns and cash discounts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 ​ $ 1,589 ​ $ 9,583 ​ $ (9,127) ​ $ 2,045 2018 ​ $ 1,105 ​ $ 7,890 ​ $ (7,406) ​ $ 1,589 2017 ​ $ 1,121 ​ $ 8,364 ​ $ (8,380) ​ $ 1,105 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance on Deferred Tax Assets and Unrecognized Tax Benefits: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 ​ $ 42,748 ​ $ 1,105 ​ $ — ​ $ 43,853 2018 ​ $ 40,680 ​ $ 2,068 ​ $ — ​ $ 42,748 2017 ​ $ 26,086 ​ $ 14,594 ​ $ — ​ $ 40,680 ​

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation
Principles of Consolidation	Principles of Consolidation
Business Combinations	Business Combinations
Cash and Cash Equivalents	Cash and Cash Equivalents
Investments	Investments Under FASB ASC 320-10-35, a security is considered to be other-than-temporarily impaired if the present value of cash flows expected to be collected are less than the security’s amortized cost basis (the difference being defined as the “Credit Loss”) or if the fair value of the security is less than the security’s amortized cost basis and the investor intends, or will be required, to sell the security before recovery of the security’s amortized cost basis. If an other-than-temporary impairment exists, the charge to earnings is limited to the amount of Credit Loss if the investor does not intend to sell the security, and will not be required to sell the security, before recovery of the security’s amortized cost basis. Any remaining difference between fair value and amortized cost is recognized in other comprehensive loss, net of applicable taxes. The Company evaluates whether the decline in fair value of its investments is other-than-temporary at each quarter-end. This evaluation consists of a review by management, and includes market pricing information and maturity dates for the securities held, market and economic trends in the industry and information on the issuer’s financial condition and, if applicable, information on the guarantors’ financial condition. Factors considered in determining whether a loss is temporary include the length of time and extent to which the investment’s fair value has been less than its cost basis, the financial condition and near-term prospects of the issuer and guarantors, including any specific events which may influence the operations of the issuer and the Company’s intent and ability to retain the investment for a reasonable period of time sufficient to allow for any anticipated recovery of fair value.
Accounts Receivable	Accounts Receivable –
Inventories	Inventories
Property and Equipment	Property and Equipment three
Goodwill	Goodwill of the reporting unit. An impairment charge is recognized for the excess of the carrying value of goodwill over its implied fair value. For the years ended December 31, 2019, 2018 and 2017 there were no impairments recorded.
Other Intangibles	Other Intangibles TM TM
Leases	The Company leases identified assets comprising real estate and equipment. Real estate leases consist primarily of office and warehouse space and equipment leases consist of vehicles and warehouse equipment. At the inception of a contract, the Company assesses whether the contract is, or contains, a lease. The Company’s assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether the Company obtains the right to substantially all the economic benefit from the use of the asset throughout the term, and (3) whether the Company has the right to direct the use of the asset. At inception of a lease, the Company allocates the consideration in the contract to each lease and non-lease component based on the component’s relative stand-alone price to determine the lease payments. Lease and non-lease components are accounted for separately. Leases are classified as either finance leases or operating leases based on criteria in ASC 842. The Company’s operating leases are comprised of real estate and warehouse equipment, and the Company’s finance leases are comprised of vehicles. Right-of-use (“ROU”) assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As the Company’s leases generally do not provide an implicit rate, the Company uses its incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. ROU assets also include any lease payments made and exclude lease incentives. Lease terms include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Certain of the Company’s real estate leases contain variable lease payments, including payments based on an index or rate. Variable lease payments based on an index or rate are initially measured using the index or rate in effect at the lease commencement date. Additional payments based on the change in an index or rate, or payments based on a change in the Company’s portion of real estate taxes and insurance, are recorded as a period expense when incurred. Lease expense for operating leases, consisting of lease payments, is recognized on a straight-line basis over the lease term and is included in operating expenses in the consolidated statement of income. Lease expense for finance leases consists of the amortization of the ROU asset on a straight-line basis over the asset’s estimated useful life and is included in operating expenses in the consolidated statement of income. Interest expense on finance leases is calculated using the amortized cost basis and is included in other income, net in the consolidated statement of income. The Company’s leases have remaining lease terms of less than one year to 14 years, some of which include options extend options terminate
Long-Lived Assets	Long-Lived Assets
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions The Company has not designated its foreign currency exchange contracts as hedge transactions under FASB ASC 815. Therefore, gains and losses on the Company’s foreign currency exchange contracts are recognized in other income, net, in the consolidated statements of income, and are largely offset by the changes in the fair value of the underlying economically hedged item. For the years ended December 31, 2019, 2018 and 2017, aggregate foreign currency transaction losses, including the gains or losses on forward currency exchange contracts, amounted to $4.1 million, $4.0 million and $3.3 million, respectively, and have been recorded in other income, net, in the accompanying consolidated statements of income.
Revenue Recognition	The Company has three operating and reportable TM 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, foodservice customers, value stores, e-commerce retailers 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 by such bottlers to other bottlers and full service distributors and to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, foodservice customers, drug stores, value stores, e-commerce retailers and the military. To a lesser extent, the 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 December 31, 2019 and December 31, 2018. 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. 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, club stores and/or wholesalers; ● 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 directly by the Company to certain customers that fall within the bottlers’/distributors’ sales territories; and ● commissions paid to TCCC based on the Company’s sales to the TCCC Subsidiaries and/or to the TCCC Related Parties. 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, typically 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 at the time of initial product sale for the Company’s 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. Amounts received pursuant to new and/or amended distribution agreements entered into with certain distributors relating to the costs associated with terminating the Company’s prior distributors, are accounted for as revenue ratably over the anticipated life of the respective distribution agreements, generally over 20 years. The Company also enters into license agreements that generate revenues associated with third-party sales of non-beverage products bearing the Company’s trademarks including, but not limited to, clothing, hats, t-shirts, jackets, helmets and automotive wheels. Management believes that adequate provision has been made for cash discounts, returns and spoilage based on the Company’s historical experience.
Cost of Sales	Cost of Sales
Operating Expenses	Operating Expenses
Freight-Out Costs	Freight-Out Costs
Advertising and Promotional Expenses	Advertising and Promotional Expenses
Income Taxes	Income Taxes The Company assesses its income tax positions and records tax benefits for all years subject to examination based upon the Company’s evaluation of the facts, circumstances and information available at the reporting date. For those tax positions where there is a greater than 50% likelihood that a tax benefit will be sustained, the Company has recorded the largest amount of tax benefit that may potentially be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where there is less than 50% likelihood that a tax benefit will be sustained, no tax benefit has been recognized in the financial statements.
Stock-Based Compensation	Stock-Based Compensation
Net Income Per Common Share	Net Income Per Common Share
Concentration of Risk	Concentration of Risk – The Coca-Cola Company (“TCCC”), through certain wholly-owned subsidiaries (the “TCCC Subsidiaries”), accounted for approximately 2%, 3% and 18% of the Company’s net sales for the years ended December 31, 2019, 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/non wholly-owned TCCC bottlers/distributors. Accordingly, the Company’s percentage of net sales classified as sales to the TCCC Subsidiaries decreased for the years ended December 31, 2019, 2018 and 2017. Coca-Cola Consolidated, Inc. accounted for approximately 13% of the Company’s net sales for the years ended December 31, 2019, 2018 and 2017. Reyes Coca-Cola Bottling, LLC accounted for approximately 11%, 12% and 6% of the Company’s net sales for the years ended December 31, 2019, 2018 and 2017, respectively. Coca-Cola European Partners accounted for approximately 10%, 10% and 9% of the Company’s net sales for the years ended December 31, 2019, 2018 and 2017, respectively.
Credit Risk	Credit Risk
Fair Value of Financial Instruments	Fair Value of Financial Instruments
Use of Estimates	Use of Estimates
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently issued accounting pronouncements not yet adopted In December 2019, the FASB issued Accounting Standards Update (“ASU”) 2019-12, “Simplifying the Accounting for Income Taxes”, as part of its simplification initiative to reduce the cost and complexity in accounting for income taxes. ASU 2019-12 removes certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. ASU 2019-12 also amends other aspects of the guidance to help simplify and promote consistent application of GAAP. The guidance is effective for interim and annual periods beginning after December 15, 2020, with early adoption permitted. The Company is currently evaluating the impact of ASU No. 2019-12 on its financial position, results of operations and liquidity. In August 2018, the FASB issued ASU No. 2018-15, “Intangibles–Goodwill and Other–Internal–Use Software (Topic 350): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.” ASU No. 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract, with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. ASU No. 2018-15 was effective for the Company on a prospective or retrospective basis beginning on January 1, 2020. The adoption of ASU No. 2018-15 is not expected to have a material impact on the Company’s financial position, results of operations and liquidity. In August 2018, the FASB issued ASU No. 2018-14, “Compensation–Retirement Benefits–Defined Benefit Plans–General (Topic 715): Disclosure Framework–Changes to the Disclosure Requirements for Defined Benefit Plans.” ASU No. 2018-14 removes certain disclosures that are not considered cost beneficial, clarifies certain required disclosures and requires certain additional disclosures. ASU No. 2018-14 was effective for the Company on a retrospective basis beginning in the year ending December 31, 2020. The adoption of ASU No. 2018-14 is not expected to have a material impact on the Company’s financial position, results of operations and liquidity. In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement.” ASU No. 2018-13 removes certain disclosure requirements related to the fair value hierarchy, modifies existing disclosure requirements related to measurement uncertainty and adds new disclosure requirements. ASU No. 2018-13 disclosure requirements include disclosing the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. ASU No. 2018-13 was effective for the Company beginning on January 1, 2020. Certain disclosures in the new guidance will need to be applied on a retrospective basis and others on a prospective basis. The adoption of ASU No. 2018-13 is not expected to have a material impact on the Company’s 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. The adoption of ASU No. 2017-04 is not expected to have a material impact on the Company’s 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 was effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. The adoption of ASU No. 2016-13 is not expected to have a material impact on the Company’s financial position, results of operations and liquidity. Recently adopted accounting pronouncements In February 2018, the FASB issued ASU No. 2018-02 (ASU No. 2018-02), “Income Statement - Reporting Comprehensive Income (Topic 220)”, which amended the previous guidance to allow for certain tax effects “stranded” in accumulated other comprehensive income, which are impacted by the Tax Reform Act signed into law on December 22, 2017, 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 does not apply to any future tax effects stranded in accumulated other comprehensive income. This standard was effective for fiscal years beginning after December 15, 2018, and allowed for early adoption. The adoption of ASU No. 2018-02 did not have an impact on the Company’s financial position, results of operations and liquidity. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”. ASU No. 2016-02 requires the recognition of lease assets and lease liabilities on the balance sheet for leases classified as operating leases under previous guidance. The accounting for finance leases (capital leases) was substantially unchanged. The original guidance required application on a modified retrospective basis with adjustments to the earliest comparative period presented. In August 2018, the FASB issued ASU No. 2018-11, “Targeted Improvements to ASC 842,” which included an option to not restate comparative periods in transition and elect to use the effective date of ASU No. 2016-02 as the date of initial application, which the Company elected. As a result, the consolidated balance sheet prior to January 1, 2019 was not restated, and continues to be reported under previous guidance that did not require the recognition of operating lease liabilities and corresponding lease assets on the consolidated balance sheet. With the adoption of ASU No. 2016-02 on January 1, 2019, the Company recorded operating lease right-of-use assets of $26.3 million and operating lease liabilities of $22.6 million. The adoption of ASU No. 2016-02 had an immaterial impact on the Company’s consolidated statement of income and consolidated statement of cash flows for the year ended December 31, 2019. In addition, the Company elected the package of practical expedients are or that contain leases, and not reassess the accounting for initial direct costs. Additional information and disclosures required by ASU No. 2016-02 are contained in Note 3.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2019
REVENUE RECOGNITION
Schedule of disaggregation of revenue by geographical markets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ Net Sales Canada EMEA 2 Asia Pacific Caribbean Total Monster Energy® Drinks ​ 2,799,701 ​ 599,706 ​ 326,684 ​ 177,938 ​ 3,904,029 Strategic Brands ​ 173,968 ​ 74,803 ​ 25,060 ​ 1,094 ​ 274,925 Other ​ 21,865 ​ — ​ — ​ — ​ 21,865 Total Net Sales ​ $ 2,995,534 ​ $ 674,509 ​ $ 351,744 ​ $ 179,032 ​ $ 4,200,819 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ Net Sales Canada EMEA 2 Asia Pacific Caribbean Total Monster Energy® Drinks ​ $ 2,627,000 ​ $ 500,826 ​ $ 225,172 ​ $ 145,429 ​ $ 3,498,427 Strategic Brands ​ 179,677 ​ 77,841 ​ 26,254 ​ 2,064 ​ 285,836 Other ​ 22,920 ​ — ​ — ​ — ​ 22,920 Total Net Sales ​ $ 2,829,597 ​ $ 578,667 ​ $ 251,426 ​ $ 147,493 ​ $ 3,807,183 ​ 2 Europe, Middle East and Africa (“EMEA”)

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2019
LEASES
Schedule of lease cost	The components of lease cost for the year ended December 31, 2019 was as follows: ​ ​ ​ ​ ​ Operating lease cost $ 4,899 ​ ​ ​ ​ Short-term least cost ​ 3,406 ​ ​ ​ ​ Variable lease cost ​ 640 ​ ​ ​ ​ Finance leases: ​ Amortization of ROU assets ​ 436 Interest on lease liabilities ​ 56 Finance lease cost ​ 492 ​ ​ ​ ​ Total lease cost ​ $ 9,437
Schedule of supplemental cash flow information for leases	Supplemental cash flow information for leases for the year ended December 31, 2019 was as follows: ​ ​ ​ ​ ​ Cash paid for amounts included in the measurement of lease liabilities: ​ Operating cash flows from operating leases ​ $ 4,077 Operating cash flows from finance leases ​ 56 Financing cash flows from finance leases ​ 2,223 ​ ​ ​ ​ ROU assets obtained in exchange for lease obligations: ​ Finance leases ​ 2,866 Operating leases ​ 34,931
Schedule of ROU assets for operating and finance leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases ​ $ 30,926 ​ $ 416 ​ $ 31,342 Other Assets Finance leases ​ — ​ 2,632 ​ 2,632 Property and Equipment, net
Schedule of weighted-average remaining lease term and weighted-average discount rate	​ ​ ​ ​ ​ ​ ​ ​ Operating Leases Finance Leases Weighted-average remaining lease term (years) 10.1 0.6 ​ Weighted-average discount rate 3.1 % 2.9 %
Schedule of reconciliation of undiscounted future lease payments for operating leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Undiscounted Future Lease Payments ​ Operating Leases Finance Leases 2020 ​ $ 3,661 ​ $ 1,500 2021 ​ 2,990 ​ — 2022 ​ 3,213 ​ — 2023 ​ 3,025 ​ — 2024 ​ 2,737 ​ — 2025 and thereafter ​ 18,188 ​ — Total lease payments ​ 33,814 ​ 1,500 Less imputed interest ​ (5,351) ​ (15) Total ​ $ 28,463 ​ $ 1,485 ​ ​ ​ ​ ​ ​ ​ Accrued liabilities ​ $ 2,812 ​ $ 1,485 Other liabilities ​ 25,651 ​ —
Schedule of future minimum operating lease commitments	​ ​ ​ ​ ​ Year Ending December 31: ​ ​ ​ ​ ​ ​ 2019 ​ $ 3,954 2020 ​ 2,949 2021 ​ 2,410 2022 ​ 2,114 2023 ​ 1,681 2024 and thereafter ​ 14,860 ​ ​ $ 27,968

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
INVESTMENTS
Summary of investments in available-for-sale	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous ​ Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than 12 December 31, 2019 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ 83,478 ​ — ​ — ​ 83,478 ​ — ​ — Certificates of deposit ​ ​ 28,049 ​ ​ — ​ ​ — ​ ​ 28,049 ​ ​ — ​ ​ — Municipal securities ​ 147,983 ​ 145 ​ 20 ​ 148,108 ​ 20 ​ — U.S. government agency securities ​ 40,620 ​ 5 ​ 35 ​ 40,590 ​ 35 ​ — U.S. treasuries ​ ​ 211,055 ​ ​ 134 ​ ​ 31 ​ ​ 211,158 ​ ​ 31 ​ ​ — Variable rate demand notes ​ 21,680 ​ — ​ — ​ 21,680 ​ — ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ ​ 1,562 ​ ​ — ​ ​ 1 ​ ​ 1,561 ​ ​ 1 ​ ​ — U.S. government agency securities ​ ​ 5,267 ​ ​ — ​ ​ 1 ​ ​ 5,266 ​ ​ 1 ​ ​ — U.S. treasuries ​ ​ 6,077 ​ ​ 1 ​ ​ — ​ ​ 6,078 ​ ​ — ​ ​ — Total ​ $ 545,771 ​ $ 285 ​ $ 88 ​ $ 545,968 ​ $ 88 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous ​ Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than 12 December 31, 2018 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ 52,838 ​ — ​ — ​ 52,838 ​ — ​ — Certificates of deposit ​ ​ 14,075 ​ ​ — ​ ​ — ​ ​ 14,075 ​ ​ — ​ ​ — Municipal securities ​ 151,690 ​ 16 ​ 62 ​ 151,644 ​ 62 ​ — U.S. government agency securities ​ 19,943 ​ — ​ 12 ​ 19,931 ​ 12 ​ — U.S. treasuries ​ ​ 78,189 ​ ​ — ​ ​ 32 ​ ​ 78,157 ​ ​ 32 ​ ​ — Variable rate demand notes ​ 4,005 ​ — ​ — ​ 4,005 ​ — ​ — Total ​ $ 320,740 ​ $ 16 ​ $ 106 ​ $ 320,650 ​ $ 106 ​ $ —
Summary of the underlying contractual maturities of investments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ December 31, 2018 ​ Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ 83,478 ​ 83,478 52,838 ​ 52,838 Municipal securities ​ 147,983 ​ 148,108 151,690 ​ 151,644 U.S. government agency securities ​ 40,620 ​ 40,590 19,943 ​ 19,931 Certificates of deposit ​ 28,049 ​ 28,049 14,075 ​ 14,075 U.S. treasuries ​ ​ 211,055 ​ ​ 211,158 ​ ​ 78,189 ​ ​ 78,157 Due 1 -10 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ 1,562 ​ 1,561 — ​ — U.S. treasuries ​ ​ 6,077 ​ ​ 6,078 ​ ​ — ​ ​ — U.S. government agency securities ​ 5,267 ​ 5,266 — ​ — Variable rate demand notes ​ ​ 3,905 ​ ​ 3,905 ​ ​ — ​ ​ — Due 11 - 20 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ 8,886 ​ 8,886 — ​ — Due 21 - 30 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ 6,885 ​ 6,885 4,005 ​ 4,005 Due 31 - 40 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ ​ 2,004 ​ ​ 2,004 ​ ​ — ​ ​ — Total ​ $ 545,771 ​ $ 545,968 $ 320,740 ​ $ 320,650

FAIR VALUE OF CERTAIN FINANCI_2

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2019
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Schedule of financial assets and liabilities recorded at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 Level 1 Level 2 Level 3 Total Cash ​ $ 518,178 ​ $ — ​ $ — ​ $ 518,178 Money market funds ​ 191,131 ​ — ​ — ​ 191,131 Certificates of deposit ​ ​ — ​ ​ 28,049 ​ ​ — ​ ​ 28,049 Commercial paper ​ — ​ 96,867 ​ — ​ 96,867 Variable rate demand notes ​ ​ — ​ ​ 21,680 ​ ​ — ​ ​ 21,680 Municipal securities ​ — ​ 167,224 ​ — ​ 167,224 U.S. government agency securities ​ — ​ 73,634 ​ — ​ 73,634 U.S. treasuries ​ ​ — ​ ​ 247,162 ​ ​ — ​ ​ 247,162 Foreign currency derivatives ​ — ​ (687) ​ — ​ (687) Total ​ $ 709,309 ​ $ 633,929 ​ $ — ​ $ 1,343,238 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 709,309 ​ $ 88,648 ​ $ — ​ $ 797,957 Short-term investments ​ — ​ 533,063 ​ — ​ 533,063 Accounts receivable, net ​ — ​ 329 ​ — ​ 329 Investments ​ — ​ 12,905 ​ — ​ 12,905 Accrued liabilities ​ — ​ (1,016) ​ — ​ (1,016) Total ​ $ 709,309 ​ $ 633,929 ​ $ — ​ $ 1,343,238 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2018 Level 1 Level 2 Level 3 Total Cash ​ $ 393,936 ​ $ — ​ $ — ​ $ 393,936 Money market funds ​ 191,358 ​ — ​ — ​ 191,358 Certificates of deposit ​ ​ — ​ ​ 14,075 ​ ​ — ​ ​ 14,075 Commercial paper ​ — ​ 60,422 ​ — ​ 60,422 Variable rate demand notes ​ ​ — ​ ​ 4,005 ​ ​ — ​ ​ 4,005 Municipal securities ​ — ​ 177,118 ​ — ​ 177,118 U.S. government agency securities ​ — ​ 39,092 ​ — ​ 39,092 U.S. treasuries ​ ​ — ​ ​ 78,157 ​ ​ — ​ ​ 78,157 Foreign currency derivatives ​ — ​ (492) ​ — ​ (492) Total ​ $ 585,294 ​ $ 372,377 ​ $ — ​ $ 957,671 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 585,294 ​ $ 52,219 ​ $ — ​ $ 637,513 Short-term investments ​ — ​ 320,650 ​ — ​ 320,650 Accounts receivable, net ​ — ​ 43 ​ — ​ 43 Investments ​ — ​ — ​ — ​ — Accrued liabilities ​ — ​ (535) ​ — ​ (535) Total ​ $ 585,294 ​ $ 372,377 ​ $ — ​ $ 957,671

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2019
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of notional amount and fair value of all outstanding foreign currency derivative instruments in the consolidated balance sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under ​ Notional ​ Fair ​ ​ FASB ASC 815-20 Amount Value Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive EUR/pay USD ​ 26,731 ​ 246 Accounts receivable, net Receive RSD/pay USD ​ ​ 9,018 ​ ​ 59 ​ Accounts receivable, net Receive NOK/pay USD ​ 2,122 ​ 17 Accounts receivable, net Receive USD/pay SGD ​ ​ 1,555 ​ ​ 7 ​ Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 38,406 ​ $ (695) Accrued liabilities Receive USD/pay AUD ​ 12,819 ​ (172) Accrued liabilities Receive USD/pay RUB ​ ​ 12,777 ​ ​ (55) ​ Accrued liabilities Receive USD/pay NZD ​ ​ 3,071 ​ ​ (33) ​ Accrued liabilities Receive USD/pay ZAR ​ 3,349 ​ (32) Accrued liabilities Receive USD/pay COP ​ 3,793 ​ (18) Accrued liabilities Receive USD/pay DKK ​ 1,283 ​ (11) Accrued liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2018 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under ​ Notional ​ Fair ​ ​ FASB ASC 815-20 Amount Value Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive SGD/pay USD ​ $ 8,341 ​ $ 30 Accounts receivable, net Receive NOK/pay USD ​ ​ 902 ​ ​ 13 Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 40,648 ​ $ (323) Accrued liabilities Receive USD/pay AUD ​ 15,124 ​ (105) Accrued liabilities Receive USD/pay ZAR ​ 8,618 ​ (68) Accrued liabilities Receive USD/pay COP ​ 2,931 ​ (33) Accrued liabilities Receive USD/pay NZD ​ 2,952 ​ (4) Accrued liabilities Receive USD/pay EUR ​ ​ 6,894 ​ ​ (2) ​ Accrued liabilities
Schedule of net losses on derivative instruments in the consolidated statements of income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain (loss) ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as Location of gain (loss) Year ended hedging instruments under recognized in income on December 31, ​ December 31, ​ December 31, FASB ASC 815-20 derivatives 2019 ​ 2018 2017 Foreign currency exchange contracts Other income, net ​ $ (2,555) ​ $ 9,737 ​ $ (13,733)

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2019
INVENTORIES
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 Raw materials ​ $ 134,885 ​ $ 94,421 Finished goods ​ 225,846 ​ 183,284 ​ ​ $ 360,731 ​ $ 277,705

PROPERTY AND EQUIPMENT, Net (Ta

PROPERTY AND EQUIPMENT, Net (Tables)	12 Months Ended
	Dec. 31, 2019
PROPERTY AND EQUIPMENT, Net
Schedule of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 Land ​ $ 78,275 ​ $ 44,261 Leasehold improvements ​ 10,417 ​ 5,909 Furniture and fixtures ​ 8,426 ​ 6,932 Office and computer equipment ​ 22,766 ​ 18,717 Computer software ​ 4,450 ​ 3,278 Equipment ​ 214,293 ​ 183,727 Building ​ 126,338 ​ 115,242 Vehicles ​ 41,109 ​ 39,026 ​ ​ 506,074 ​ 417,092 Less: accumulated depreciation and amortization ​ (207,434) ​ (174,041) ​ ​ $ 298,640 ​ $ 243,051

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2018 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at December 31, 2019 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2017 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at December 31, 2018 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643
Schedule of intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2019 ​ 2018 Amortizing intangibles ​ $ 66,949 ​ $ 71,350 Accumulated amortization ​ (49,128) ​ (38,311) ​ ​ 17,821 ​ 33,039 Non-amortizing intangibles ​ 1,034,284 ​ 1,012,839 ​ ​ $ 1,052,105 ​ $ 1,045,878
Schedule of future estimated amortization expense related to amortizing intangibles	The following is the future estimated amortization expense related to amortizing intangibles as of December 31, 2019: ​ ​ ​ ​ ​ Year Ending December 31: ​ ​ ​ ​ ​ ​ 2020 ​ $ 7,670 2021 ​ ​ 4,429 2022 ​ ​ 4,404 2023 ​ ​ 1,111 2024 ​ ​ 13 2025 and thereafter ​ ​ 194 ​ ​ $ 17,821

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2019
COMMITMENTS AND CONTINGENCIES
Schedule of contractual obligations related primarily to sponsorships and other commitments	The Company has the following contractual obligations related primarily to sponsorships and other commitments as of December 31, 2019: ​ ​ ​ ​ ​ Year Ending December 31: ​ ​ ​ ​ ​ ​ 2020 ​ $ 121,675 2021 ​ 43,575 2022 ​ 13,146 2023 ​ 3,500 2024 ​ — 2025 and thereafter ​ — ​ ​ $ 181,896

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2019
ACCUMULATED OTHER COMPREHENSIVE LOSS
Schedule of components of accumulated other comprehensive loss	​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 Accumulated net unrealized (gain) loss on available-for-sale securities ​ $ (194) ​ $ 89 Foreign currency translation adjustments, net of tax ​ ​ 32,581 ​ ​ 32,775 Total accumulated other comprehensive loss ​ $ 32,387 ​ $ 32,864

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2019
STOCK-BASED COMPENSATION
Schedule of weighted-average assumptions used to estimate the fair value of options granted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 2017 Dividend yield ​ 0.0 % 0.0 % 0.0 % Expected volatility ​ 30.2 % 34.7 % 36.5 % Risk-free interest rate ​ 2.37 % 2.81 % 2.11 % Expected term ​ 6.0 Years ​ 6.0 Years ​ 6.1 Years ​
Summary of activities with respect to its stock option plans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ ​ Weighted- ​ Average ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ ​ ​ ​ ​ Number of ​ Exercise ​ Contractual ​ Aggregate ​ ​ Shares (in ​ Price Per ​ Term (In ​ Intrinsic Options thousands) Share years) Value Outstanding at January 1, 2019 18,890 ​ $ 34.61 5.8 ​ $ 303,627 Granted 01/01/19 - 03/31/19 1,570 ​ $ 59.52 ​ ​ ​ ​ ​ Granted 04/01/19 - 06/30/19 — ​ $ — ​ ​ ​ ​ ​ Granted 07/01/19 - 09/30/19 52 ​ $ 58.54 ​ ​ ​ ​ ​ Granted 10/01/19 - 12/31/19 50 ​ $ 56.39 ​ ​ ​ ​ ​ Exercised (5,224) ​ $ 17.68 ​ ​ ​ ​ ​ Cancelled or forfeited (397) ​ $ 50.83 ​ ​ ​ ​ ​ Outstanding at December 31, 2019 14,941 ​ $ 42.88 6.3 ​ $ 308,884 Vested and expected to vest in the future at December 31, 2019 14,205 ​ $ 42.25 6.2 ​ $ 302,587 Exercisable at December 31, 2019 7,758 ​ $ 33.70 5.0 ​ $ 231,600
Summary of information about stock options outstanding and exercisable	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding ​ Options Exercisable ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ Weighted ​ Number ​ Weighted ​ ​ ​ ​ ​ ​ Number ​ Remaining ​ Average ​ Exercisable ​ Average Range of Exercise ​ Outstanding ​ Contractual ​ Exercise ​ (In ​ Exercise Prices ($) Thousands) Term (Years) Price ($) Thousands) Price ($) $ 6.40 - $ 17.99 1,741 3.2 ​ $ 16.88 1,741 ​ $ 16.88 $ 18.64 - $ 23.35 1,852 4.1 ​ $ 22.92 1,852 ​ $ 22.92 $ 36.05 - $ 36.05 12 5.0 ​ $ 36.05 8 ​ $ 36.05 $ 37.10 - $ 43.64 1,457 6.4 ​ $ 42.06 757 ​ $ 40.91 $ 43.99 - $ 43.99 1,925 6.2 ​ $ 43.99 1,088 ​ $ 43.99 $ 44.73 - $ 45.16 2,002 5.5 ​ $ 45.10 1,336 ​ $ 45.11 $ 45.55 - $ 51.50 1,621 7.4 ​ $ 47.60 578 ​ $ 46.56 $ 53.24 - $ 57.95 382 8.8 ​ $ 55.85 39 ​ $ 54.80 $ 58.73 - $ 58.73 2,371 8.2 ​ $ 58.73 345 ​ $ 58.73 $ 58.77 - $ 63.46 1,578 9.2 ​ $ 59.79 14 ​ $ 62.50 ​ ​ ​ ​ ​ 14,941 6.3 ​ $ 42.88 7,758 ​ $ 33.70
Summary of activities with respect to non-vested restricted stock units	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average ​ ​ Shares (in ​ Grant-Date ​ thousands) Fair Value Non-vested at January 1, 2019 ​ 529 ​ $ 51.55 Granted 01/01/19 - 03/31/19 ​ 548 ​ $ 59.66 Granted 04/01/19 - 06/30/19 ​ 18 ​ $ 63.48 Granted 07/01/19 - 09/30/19 ​ 1 ​ $ 66.00 Granted 10/01/19 - 12/31/19 ​ 1 ​ $ 55.73 Vested ​ (266) ​ $ 50.12 Forfeited/cancelled ​ (6) ​ $ 59.67 Non-vested at December 31, 2019 ​ 825 ​ $ 57.62
Schedule of employee and non-employee share-based compensation expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 2017 Operating expenses ​ $ 63,356 ​ $ 57,111 ​ $ 52,282 Total employee and non-employee share-based compensation expense included in income, before ​ 63,356 ​ 57,111 ​ 52,282 Less: Amount of income tax benefit recognized in earnings ​ (36,326) ​ (14,892) ​ (100,635) Amount charged against net income ​ $ 27,030 ​ $ 42,219 ​ $ (48,353)

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
INCOME TAXES
Schedule of domestic and foreign components of the income before provision for income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2019 2018 2017 Domestic* ​ $ 1,196,883 ​ $ 1,100,487 ​ $ 1,062,713 Foreign* ​ 219,079 ​ 192,785 ​ 138,910 Income before provision for income taxes ​ $ 1,415,962 ​ $ 1,293,272 ​ $ 1,201,623 ​ *After intercompany royalties, management fees and interest charges from the Company’s domestic to foreign entities of $51.2 million, $40.5 million and $42.5 million for the years ended December 31, 2019, 2018 and 2017, respectively.
Components of the provision for income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2019 2018 2017 Current: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ $ 212,068 ​ $ 209,147 ​ $ 243,127 State ​ 39,982 ​ 41,934 ​ 43,252 Foreign ​ 55,167 ​ 42,541 ​ 27,522 ​ ​ 307,217 ​ 293,622 ​ 313,901 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ 8,320 ​ 9,804 ​ 61,797 State ​ (6,878) ​ 1,644 ​ 3,062 Foreign ​ (4,219) ​ (8,778) ​ (4,579) ​ ​ (2,777) ​ 2,670 ​ 60,280 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Valuation allowance ​ 3,687 ​ 3,976 ​ 6,764 ​ ​ $ 308,127 ​ $ 300,268 ​ $ 380,945
Schedule of reconciliation of income taxes computed at statutory federal rate to total income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2019 2018 2017 U.S. Federal tax expense at statutory rates ​ $ 297,352 ​ $ 271,587 ​ $ 420,568 State income taxes, net of federal tax benefit ​ 30,098 ​ 36,312 ​ 27,569 Permanent differences ​ (2,128) ​ 3,606 ​ 10,356 Stock based compensation ​ ​ (13,473) ​ ​ (370) ​ ​ (79,687) Domestic production deduction ​ — ​ — ​ (22,229) Deferred tax asset reduction (Tax Reform Act) ​ ​ — ​ ​ — ​ ​ 39,763 Other ​ (12,423) ​ (8,438) ​ 3,736 Foreign rate differential ​ 5,014 ​ (6,405) ​ (25,895) Valuation allowance ​ 3,687 ​ 3,976 ​ 6,764 ​ ​ $ 308,127 ​ $ 300,268 ​ $ 380,945
Components of the deferred tax assets (liabilities)	​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 Deferred Tax Assets: ​ ​ ​ ​ ​ ​ Reserve for sales returns ​ $ 140 ​ $ 137 Reserve for inventory obsolescence ​ 2,066 ​ 2,836 Reserve for marketing development fund ​ 8,469 ​ 4,666 Capitalization of inventory costs ​ 2,310 ​ 1,210 State franchise tax - current ​ 2,346 ​ 2,663 Accrued compensation ​ 1,944 ​ 574 Accrued other liabilities ​ 5,674 ​ 5,276 Deferred revenue ​ 81,903 ​ 87,573 Stock-based compensation ​ 22,665 ​ 25,439 Foreign net operating loss carryforward ​ 30,187 ​ 28,030 Prepaid supplies ​ 5,799 ​ 7,476 Termination payments ​ 69,467 ​ 71,918 Operating lease liabilities ​ 6,155 ​ — Other deferred tax assets ​ ​ 17,615 ​ ​ 11,010 Total gross deferred tax assets ​ $ 256,740 ​ $ 248,808 ​ ​ ​ ​ ​ ​ ​ Deferred Tax Liabilities: ​ ​ ​ ​ ​ ​ Amortization of trademarks ​ $ (35,227) ​ $ (31,445) Intangibles ​ (76,047) ​ (82,544) State franchise tax - deferred ​ (7,173) ​ (7,093) Operating lease ROU assets ​ ​ (6,155) ​ ​ — Other deferred tax liabilities ​ (93) ​ (99) Depreciation ​ (6,765) ​ (5,123) Total gross deferred tax liabilities ​ (131,460) ​ (126,304) ​ ​ ​ ​ ​ ​ ​ Valuation Allowance ​ (40,503) ​ (36,816) ​ ​ ​ ​ ​ ​ ​ Net deferred tax assets ​ $ 84,777 ​ $ 85,688
Schedule of roll-forward of the total gross unrecognized tax benefits, not including interest and penalties	​ ​ ​ ​ ​ ​ Gross Unrecognized Tax ​ ​ Benefits Balance at January 1, 2017 ​ $ 9 Additions for tax positions related to the current year ​ — Additions for tax positions related to the prior year ​ 6,540 Decreases for tax positions related to prior years ​ (9) Balance at December 31, 2017 ​ $ 6,540 Additions for tax positions related to the current year ​ ​ — Additions for tax positions related to the prior year ​ ​ 1,159 Decreases for tax positions related to prior years ​ ​ (2,664) Balance at December 31, 2018 ​ $ 5,035 Additions for tax positions related to the current year ​ ​ — Additions for tax positions related to the prior year ​ ​ 1,833 Decreases for tax positions related to prior years ​ ​ (3,875) Balance at December 31, 2019 ​ $ 2,993

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2019
EARNINGS PER SHARE
Schedule of reconciliation of the weighted average shares used in the basic and diluted earnings per common share computations	​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 2017 Weighted-average shares outstanding: ​ ​ ​ ​ ​ ​ Basic ​ 542,191 ​ 557,166 ​ 566,782 Dilutive securities ​ 4,417 ​ 7,088 ​ 10,359 Diluted ​ 546,608 ​ 564,254 ​ 577,141 ​

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2019
SEGMENT INFORMATION
Schedule of net revenues and other financial information by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 2017 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks (1) ​ $ 3,904,029 ​ $ 3,498,427 ​ $ 3,047,596 Strategic Brands ​ 274,925 ​ 285,836 ​ 299,844 Other ​ 21,865 ​ 22,920 ​ 21,605 Corporate and unallocated ​ — ​ — ​ — ​ ​ $ 4,200,819 ​ $ 3,807,183 ​ $ 3,369,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 2017 Operating Income: ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks (1) (2) ​ $ 1,565,977 ​ $ 1,371,062 ​ $ 1,264,579 Strategic Brands ​ 164,053 ​ 176,520 ​ 174,458 Other ​ 3,650 ​ 5,362 ​ 5,583 Corporate and unallocated ​ (330,741) ​ (269,325) ​ (245,833) ​ ​ $ 1,402,939 ​ $ 1,283,619 ​ $ 1,198,787 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 2017 Income before tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks (1) (2) ​ $ 1,567,022 ​ $ 1,372,001 ​ $ 1,264,555 Strategic Brands ​ 164,049 ​ 176,540 ​ 174,442 Other ​ 3,655 ​ 5,362 ​ 5,583 Corporate and unallocated ​ (318,764) ​ (260,631) ​ (242,957) ​ ​ $ 1,415,962 ​ $ 1,293,272 ​ $ 1,201,623 ​ (1) Includes $46.3 million, $44.3 million and $43.4 million for the years ended December 31, 2019, 2018 and 2017, respectively, related to the recognition of deferred revenue. ​ (2) Includes $11.3 million, $26.6 million and $35.4 million for the years ended December 31, 2019, 2018 and 2017, respectively, related to distributor termination costs. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 2017 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 39,397 ​ $ 36,387 ​ $ 29,591 Stategic Brands ​ 7,935 ​ 7,774 ​ 7,443 Other ​ 4,637 ​ 4,657 ​ 4,608 Corporate and unallocated ​ 8,758 ​ 8,161 ​ 7,245 ​ ​ $ 60,727 ​ $ 56,979 ​ $ 48,887
Schedule of goodwill and other intangible assets for the reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 Goodwill and other intangible assets: ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 1,384,940 ​ $ 1,368,620 Strategic Brands ​ 984,393 ​ 989,944 Other ​ 14,415 ​ 18,957 Corporate and unallocated ​ — ​ — ​ ​ $ 2,383,748 ​ $ 2,377,521

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2019
RELATED PARTY TRANSACTIONS
Schedule of related party transactions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2019 2018 Accounts receivable, net ​ $ 21,670 ​ $ 25,312 Accounts payable ​ $ (18,217) ​ $ (54,430) Accrued promotional allowances ​ $ (5,321) ​ $ (4,044)

QUARTERLY FINANCIAL DATA (Una_2

QUARTERLY FINANCIAL DATA (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2019
QUARTERLY FINANCIAL DATA (Unaudited)
QUARTERLY FINANCIAL DATA (Unaudited)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Income per Common ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Share ​ Net Sales Gross Profit Net Income Basic Diluted Quarter ended: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2019 ​ $ 945,991 ​ $ 573,532 ​ $ 261,485 ​ $ 0.48 ​ $ 0.48 June 30, 2019 ​ 1,104,045 ​ 661,283 ​ 292,473 ​ $ 0.54 ​ $ 0.53 September 30, 2019 ​ 1,133,577 ​ 673,002 ​ 298,923 ​ $ 0.55 ​ $ 0.55 December 31, 2019 ​ 1,017,206 ​ 610,768 ​ 254,954 ​ $ 0.47 ​ $ 0.47 ​ ​ $ 4,200,819 ​ $ 2,518,585 ​ $ 1,107,835 ​ ​ ​ ​ ​ ​ Quarter ended: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2018 ​ $ 850,921 ​ $ 515,257 ​ $ 216,050 ​ $ 0.38 ​ $ 0.38 June 30, 2018 ​ 1,015,873 ​ 620,258 ​ 270,116 ​ $ 0.48 ​ $ 0.48 September 30, 2018 ​ 1,016,160 ​ 607,659 ​ 267,733 ​ $ 0.48 ​ $ 0.48 December 31, 2018 ​ 924,229 ​ 552,201 ​ 239,105 ​ $ 0.43 ​ $ 0.43 ​ ​ $ 3,807,183 ​ $ 2,295,375 ​ $ 993,004 ​ ​ ​ ​ ​ ​

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment (Details) - Property and Equipment	12 Months Ended
	Dec. 31, 2019
Minimum
Property and equipment, net
Estimated useful lives (in years)	3 years
Maximum
Property and equipment, net
Estimated useful lives (in years)	10 years

ORGANIZATION AND SUMMARY OF S_4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Impairment of Goodwill	$ 0	$ 0	$ 0

ORGANIZATION AND SUMMARY OF S_5

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Other Intangibles (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Impairment of intangible assets	$ 0	$ 0	$ 0

ORGANIZATION AND SUMMARY OF S_6

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Foreign Currency Translation and Transactions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Foreign currency transaction losses	$ (4.1)	$ (4)	$ (3.3)

ORGANIZATION AND SUMMARY OF S_7

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Freight-Out Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property and equipment, net
Freight-out costs	$ 1,682,234	$ 1,511,808	$ 1,231,355
Shipping and Handling
Property and equipment, net
Freight-out costs	$ 122,500	$ 128,500	$ 91,900

ORGANIZATION AND SUMMARY OF S_8

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Advertising and Promotional Expenses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Advertising and promotional expenses	$ 391.6	$ 353.9	$ 324

ORGANIZATION AND SUMMARY OF S_9

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentration of Risk (Details) - Customer concentration - Net Sales	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
TCCC
Concentration of risk
Percentage of net sales	2.00%	3.00%	18.00%
Coca-Cola Consolidated, Inc
Concentration of risk
Percentage of net sales	13.00%	13.00%	13.00%
Reyes Coca-Cola Bottling
Concentration of risk
Percentage of net sales	11.00%	12.00%	6.00%
Coca-Cola European Partners
Concentration of risk
Percentage of net sales	10.00%	10.00%	9.00%

ORGANIZATION AND SUMMARY OF _10

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Jan. 01, 2019
RECENT ACCOUNTING PRONOUNCEMENTS
Lease, practical expedients	true
Operating lease right-of-use assets	$ 31,342
Operating lease liabilities	$ 28,463
ASU 2016-02
RECENT ACCOUNTING PRONOUNCEMENTS
Operating lease right-of-use assets		$ 26,300
Operating lease liabilities		$ 22,600

REVENUE RECOGNITION - (Details)

REVENUE RECOGNITION - (Details)	12 Months Ended
	Dec. 31, 2019segment
REVENUE RECOGNITION
Number of operating segments	3
Number of reportable segments	3
Distribution agreement, revenue recognition period	20 years

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Total Net Sales	$ 1,017,206	$ 1,133,577	$ 1,104,045	$ 945,991	$ 924,229	$ 1,016,160	$ 1,015,873	$ 850,921	$ 4,200,819	$ 3,807,183	$ 3,369,045
Contract Liabilities
Deferred revenue	$ 331,700				$ 356,300				331,700	356,300
Deferred revenue recognized in net sales									46,300	44,300	$ 43,400
U.S. And Canada
Total Net Sales									2,995,534	2,829,597
EMEA
Total Net Sales									674,509	578,667
Asia Pacific
Total Net Sales									351,744	251,426
Latin America And Caribbean
Total Net Sales									179,032	147,493
Monster Energy Drinks
Total Net Sales									3,904,029	3,498,427
Monster Energy Drinks | U.S. And Canada
Total Net Sales									2,799,701	2,627,000
Monster Energy Drinks | EMEA
Total Net Sales									599,706	500,826
Monster Energy Drinks | Asia Pacific
Total Net Sales									326,684	225,172
Monster Energy Drinks | Latin America And Caribbean
Total Net Sales									177,938	145,429
Strategic Brands
Total Net Sales									274,925	285,836
Strategic Brands | U.S. And Canada
Total Net Sales									173,968	179,677
Strategic Brands | EMEA
Total Net Sales									74,803	77,841
Strategic Brands | Asia Pacific
Total Net Sales									25,060	26,254
Strategic Brands | Latin America And Caribbean
Total Net Sales									1,094	2,064
Other
Total Net Sales									21,865	22,920
Other | U.S. And Canada
Total Net Sales									$ 21,865	$ 22,920

LEASES - Lease Terms (Details)

LEASES - Lease Terms (Details)	12 Months Ended
	Dec. 31, 2019
LEASES
Operating leases, options to extend	true
Finance leases, options to extend	true
Operating leases, options to terminate	true
Finance leases, options to terminate	true
Minimum
LEASES
Operating leases, lease term (in years)	1 year
Maximum
LEASES
Operating leases, lease term (in years)	14 years
Operating leases, renewal lease term (in years)	5 years
Operating leases, termination period (in years)	1 year

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Operating leases:
Operating lease cost	$ 4,899
Short term lease cost	3,406
Variable lease cost	640
Finance leases:
Amortization of ROU assets	436
Interest on lease liabilities	56
Finance lease cost	492
Total lease cost	$ 9,437

LEASES - Supplemental cash flow

LEASES - Supplemental cash flow information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 4,077
Operating cash flows from finance leases	56
Financing cash flows from finance leases	2,223
ROU assets obtained in exchange for lease obligations:
Finance leases	2,866
Operating leases	$ 34,931

LEASES - ROU assets for operati

LEASES - ROU assets for operating and finance leases (Details) $ in Thousands	Dec. 31, 2019USD ($)
ROU assets for operating and finance leases
Operating leases	$ 31,342
Finance leases	2,632
Real Estate
ROU assets for operating and finance leases
Operating leases	30,926
Equipment
ROU assets for operating and finance leases
Operating leases	416
Finance leases	$ 2,632

LEASES - Weighted-average remai

LEASES - Weighted-average remaining lease term and weighted-average discount rate (Details)	Dec. 31, 2019
LEASES
Weighted-average remaining lease term (years), Operating Leases	10 years 1 month 6 days
Weighted-average remaining lease term (years), Finance Leases	7 months 6 days
Weighted-average discount rate, Operating Leases	3.10%
Weighted-average discount rate, Finance Leases	2.90%

LEASES - Undiscounted future le

LEASES - Undiscounted future lease payments for operating and finance leases (Details) $ in Thousands	Dec. 31, 2019USD ($)
Operating Leases
2020	$ 3,661
2021	2,990
2022	3,213
2023	3,025
2024	2,737
2025 and thereafter	18,188
Total lease payments	33,814
Less imputed interest	(5,351)
Total	$ 28,463
Operating Lease, Liability, Statement of Financial Position [Extensible List]	us-gaap:AccruedLiabilitiesCurrent us-gaap:OtherLiabilitiesNoncurrent
Finance Leases
2020	$ 1,500
Total lease payments	1,500
Less imputed interest	(15)
Total	1,485
Accrued liabilities, Operating Leases	$ 2,812
Accrued liabilities, Operating Leases	us-gaap:AccruedLiabilitiesCurrent
Accrued liabilities, Finance Leases	$ 1,485
Other liabilities, Operating Leases	$ 25,651
Other liabilities, Operating Leases	us-gaap:OtherLiabilitiesNoncurrent

LEASES - ASC 840 (Details)

LEASES - ASC 840 (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019
Future minimum operating lease commitments
2019	$ 3,954
2020	2,949
2021	2,410
2022	2,114
2023	1,681
2024 and thereafter	14,860
Total	27,968
Rent expense under operating leases	$ 6,100	$ 10,700
Additional operating leases			$ 700

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Available-for-sale
Amortized Cost	$ 545,771
Gross Unrealized Holding Gains	285
Gross Unrealized Holding Losses	88
Fair Value	545,968
Continuous Unrealized Loss Position less than 12 Months	88
Short-term
Available-for-sale
Amortized Cost		$ 320,740
Gross Unrealized Holding Gains		16
Gross Unrealized Holding Losses		106
Fair Value		320,650
Continuous Unrealized Loss Position less than 12 Months		106
Short-term | Commercial paper
Available-for-sale
Amortized Cost	83,478	52,838
Fair Value	83,478	52,838
Short-term | Certificates of deposit
Available-for-sale
Amortized Cost	28,049	14,075
Fair Value	28,049	14,075
Short-term | Municipal securities
Available-for-sale
Amortized Cost	147,983	151,690
Gross Unrealized Holding Gains	145	16
Gross Unrealized Holding Losses	20	62
Fair Value	148,108	151,644
Continuous Unrealized Loss Position less than 12 Months	20	62
Short-term | U.S. government agency securities
Available-for-sale
Amortized Cost	40,620	19,943
Gross Unrealized Holding Gains	5
Gross Unrealized Holding Losses	35	12
Fair Value	40,590	19,931
Continuous Unrealized Loss Position less than 12 Months	35	12
Short-term | U.S. treasuries
Available-for-sale
Amortized Cost	211,055	78,189
Gross Unrealized Holding Gains	134
Gross Unrealized Holding Losses	31	32
Fair Value	211,158	78,157
Continuous Unrealized Loss Position less than 12 Months	31	32
Short-term | Variable rate demand notes
Available-for-sale
Amortized Cost	21,680	4,005
Fair Value	21,680	$ 4,005
Long-term | Municipal securities
Available-for-sale
Amortized Cost	1,562
Gross Unrealized Holding Losses	1
Fair Value	1,561
Continuous Unrealized Loss Position less than 12 Months	1
Long-term | U.S. government agency securities
Available-for-sale
Amortized Cost	5,267
Gross Unrealized Holding Losses	1
Fair Value	5,266
Continuous Unrealized Loss Position less than 12 Months	1
Long-term | U.S. treasuries
Available-for-sale
Amortized Cost	6,077
Gross Unrealized Holding Gains	1
Fair Value	$ 6,078

INVESTMENTS - Maturity Period (

INVESTMENTS - Maturity Period (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Investments
Amortized Cost	$ 545,771	$ 320,740
Fair Value	545,968	320,650
Commercial paper | Less than 1 year
Investments
Amortized Cost	83,478	52,838
Fair Value	83,478	52,838
Municipal securities | Less than 1 year
Investments
Amortized Cost	147,983	151,690
Fair Value	148,108	151,644
Municipal securities | Due 1 - 10 years
Investments
Amortized Cost	1,562
Fair Value	1,561
U.S. government agency securities | Less than 1 year
Investments
Amortized Cost	40,620	19,943
Fair Value	40,590	19,931
U.S. government agency securities | Due 1 - 10 years
Investments
Amortized Cost	5,267
Fair Value	5,266
Certificates of deposit | Less than 1 year
Investments
Amortized Cost	28,049	14,075
Fair Value	28,049	14,075
U.S. treasuries | Less than 1 year
Investments
Amortized Cost	211,055	78,189
Fair Value	211,158	78,157
U.S. treasuries | Due 1 - 10 years
Investments
Amortized Cost	6,077
Fair Value	6,078
Variable rate demand notes | Due 1 - 10 years
Investments
Amortized Cost	3,905
Fair Value	3,905
Variable rate demand notes | Due 11 - 20 years
Investments
Amortized Cost	8,886
Fair Value	8,886
Variable rate demand notes | Due 21 - 30 years
Investments
Amortized Cost	6,885	4,005
Fair Value	6,885	$ 4,005
Variable rate demand notes | Due 31 - 40 years
Investments
Amortized Cost	2,004
Fair Value	$ 2,004

FAIR VALUE OF CERTAIN FINANCI_3

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Fair value of certain financial assets and liabilities
Cash and cash equivalents	$ 797,957	$ 637,513	$ 528,622	$ 377,582
Short-term investments	533,063	320,650
Investments	12,905
Asset transfers between Level 1 and Level 2 measurements	0	0
Total fair value
Fair value of certain financial assets and liabilities
Cash	518,178	393,936
Foreign currency derivatives	687
Assets measured at fair value	1,343,238	957,671
Cash and cash equivalents	797,957	637,513
Short-term investments	533,063	320,650
Accounts receivable, net	329	43
Investments	12,905
Accrued liabilities	(1,016)	(535)
Foreign currency derivatives		(492)
Total fair value | Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	191,131	191,358
Total fair value | Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	28,049	14,075
Total fair value | Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	96,867	60,422
Total fair value | Variable rate demand notes
Fair value of certain financial assets and liabilities
Assets measured at fair value	21,680	4,005
Total fair value | Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	167,224	177,118
Total fair value | U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	73,634	39,092
Total fair value | U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	247,162	78,157
Level 1
Fair value of certain financial assets and liabilities
Cash	518,178	393,936
Assets measured at fair value	709,309	585,294
Cash and cash equivalents	709,309	585,294
Level 1 | Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	191,131	191,358
Level 2
Fair value of certain financial assets and liabilities
Foreign currency derivatives	687
Assets measured at fair value	633,929	372,377
Cash and cash equivalents	88,648	52,219
Short-term investments	533,063	320,650
Accounts receivable, net	329	43
Investments	12,905
Accrued liabilities	(1,016)	(535)
Foreign currency derivatives		(492)
Level 2 | Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	28,049	14,075
Level 2 | Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	96,867	60,422
Level 2 | Variable rate demand notes
Fair value of certain financial assets and liabilities
Assets measured at fair value	21,680	4,005
Level 2 | Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	167,224	177,118
Level 2 | U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	73,634	39,092
Level 2 | U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	$ 247,162	$ 78,157

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Notional Amount and Fair Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Foreign currency exchange contracts | Maximum
Derivative Instruments and Hedging Activities
Term of derivative instrument	3 months
Not designated as hedging instruments | Accounts receivable, net | Receive EUR/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets	$ 26,731
Fair Value, Assets	246
Not designated as hedging instruments | Accounts receivable, net | Receive RSD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets	9,018
Fair Value, Assets	59
Not designated as hedging instruments | Accounts receivable, net | Receive NOK/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets	2,122	$ 902
Fair Value, Assets	17	13
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay SGD
Derivative Instruments and Hedging Activities
Notional amount, Assets	1,555
Fair Value, Assets	7
Not designated as hedging instruments | Accounts receivable, net | Receive SGD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets		8,341
Fair Value, Assets		30
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay GBP
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	38,406	40,648
Fair Value, Liabilities	(695)	(323)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay AUD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	12,819	15,124
Fair Value, Liabilities	(172)	(105)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay RUB
Derivative Instruments and Hedging Activities
Notional amount, Assets	12,777
Fair Value, Assets	(55)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay NZD
Derivative Instruments and Hedging Activities
Notional amount, Assets	3,071
Notional amount, Liabilities		2,952
Fair Value, Assets	(33)
Fair Value, Liabilities		(4)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay ZAR
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	3,349	8,618
Fair Value, Liabilities	(32)	(68)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay COP
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	3,793	2,931
Fair Value, Liabilities	(18)	(33)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay DKK
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	1,283
Fair Value, Liabilities	$ (11)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay EUR
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		6,894
Fair Value, Liabilities		$ (2)

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Nonhedging Designation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Not designated as hedging instruments | Foreign currency exchange contracts | Other income, net
Net (losses) gains on derivative instruments
Amount of (loss) gain recognized in income on derivatives	$ (2,555)	$ 9,737	$ (13,733)

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
INVENTORIES
Raw materials	$ 134,885	$ 94,421
Finished goods	225,846	183,284
Inventories	$ 360,731	$ 277,705

PROPERTY AND EQUIPMENT, Net (De

PROPERTY AND EQUIPMENT, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property and equipment, net
Property and equipment, gross	$ 506,074	$ 417,092
Less: accumulated depreciation and amortization	(207,434)	(174,041)
Property and equipment, net	298,640	243,051
Total depreciation and amortization expense	49,100	45,000	$ 37,000
Land
Property and equipment, net
Property and equipment, gross	78,275	44,261
Leasehold improvements
Property and equipment, net
Property and equipment, gross	10,417	5,909
Furniture and fixtures
Property and equipment, net
Property and equipment, gross	8,426	6,932
Office and computer equipment
Property and equipment, net
Property and equipment, gross	22,766	18,717
Computer software
Property and equipment, net
Property and equipment, gross	4,450	3,278
Equipment
Property and equipment, net
Property and equipment, gross	214,293	183,727
Buildings
Property and equipment, net
Property and equipment, gross	126,338	115,242
Vehicles
Property and equipment, net
Property and equipment, gross	$ 41,109	$ 39,026

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Goodwill
Goodwill, Beginning Balance	$ 1,331,643	$ 1,331,643
Goodwill, Ending Balance	1,331,643	1,331,643
Monster Energy Drinks
Goodwill
Goodwill, Beginning Balance	693,644	693,644
Goodwill, Ending Balance	693,644	693,644
Strategic Brands
Goodwill
Goodwill, Beginning Balance	637,999	637,999
Goodwill, Ending Balance	$ 637,999	$ 637,999

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Intangible assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Intangible assets
Amortizing intangibles	$ 66,949	$ 71,350
Accumulated amortization	(49,128)	(38,311)
Amortizing intangibles, net	17,821	33,039
Non-amortizing intangibles	1,034,284	1,012,839
Intangibles, net	1,052,105	1,045,878
Amortization expense	$ 11,600	$ 11,900	$ 11,900
Minimum
Intangible assets
Useful life of intangible assets	5 years
Maximum
Intangible assets
Useful life of intangible assets	7 years

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization expense (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Future estimated amortization expense related to amortizing intangibles
2020	$ 7,670
2021	4,429
2022	4,404
2023	1,111
2024	13
2025 and thereafter	194
Amortizing intangibles, net	$ 17,821	$ 33,039

DISTRIBUTION AGREEMENTS (Detail

DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
DISTRIBUTION AGREEMENTS
Termination costs	$ 11.3	$ 26.6	$ 35.4
Distribution agreement (in years)	20 years
Revenue recognized	$ 25	$ 21.9	$ 22.3

DEBT (Details)

DEBT (Details) - USD ($) $ in Thousands	1 Months Ended
	Jun. 30, 2017	Dec. 31, 2019	Feb. 28, 2018
DEBT
Company debt consisting of capital leases		$ 1,485
Assets acquired under capital leases
Finance leases		2,632
Comerica | Line of credit
DEBT
Maximum borrowing capacity	$ 10,000
Outstanding borrowings		0
Comerica | Line of credit | Base (prime) rate | Minimum
DEBT
Percentage to be subtracted to compute the variable rate on the debt instrument	1.00%
Comerica | Line of credit | Base (prime) rate | Maximum
DEBT
Percentage to be subtracted to compute the variable rate on the debt instrument	1.50%
Comerica | Line of credit | London Interbank Offered Rates | Minimum
DEBT
Percentage that needs to be added to compute the variable rate on the debt instrument	1.25%
Comerica | Line of credit | London Interbank Offered Rates | Maximum
DEBT
Percentage that needs to be added to compute the variable rate on the debt instrument	1.75%
Comerica | Standby letters of credit
DEBT
Maximum borrowing capacity	$ 4,000
Amount outstanding		$ 0
Comerica | Standby letters of credit | Minimum
DEBT
Fee (as a percent)	1.00%
Comerica | Standby letters of credit | Maximum
DEBT
Fee (as a percent)	1.50%
HSBC China | Line of credit
DEBT
Maximum borrowing capacity			$ 15,000
Interest rate (as a percent)		5.50%

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Contractual obligations (Details) $ in Thousands	Dec. 31, 2019USD ($)
COMMITMENTS AND CONTINGENCIES
2020	$ 121,675
2021	43,575
2022	13,146
2023	3,500
Total	$ 181,896

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Purchase Commitments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Purchase Commitments
Aggregate value of raw material purchases	$ 335.3	$ 289.6	$ 273.6
Raw materials
Purchase Commitments
Purchase commitments	$ 86.7
Obligation term ( in years)	1 year

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES - Litigation (Details) $ in Millions	Dec. 31, 2019USD ($)
COMMITMENTS AND CONTINGENCIES
Accrued loss contingencies	$ 15.5

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Components of accumulated other comprehensive loss:
Accumulated net unrealized (gain) loss on available-for-sale securities	$ 194	$ (89)
Foreign currency translation adjustments, net of tax	(32,581)	(32,775)
Total accumulated other comprehensive loss	$ (32,387)	$ (32,864)

TREASURY STOCK PURCHASE (Detail

TREASURY STOCK PURCHASE (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Feb. 28, 2020	Nov. 06, 2019	Feb. 26, 2019	Aug. 07, 2018
Treasury Stock Purchase
Number of shares repurchased of common stock from employees in lieu of cash or withholding taxes due	1,400,000
Cash payment for repurchase of common stock from employees in lieu of cash or withholding taxes due	$ 84.5
August 2018 Repurchase Plan
Treasury Stock Purchase
Share repurchase program, authorized amount					$ 500
Common stock repurchased (in shares)	2,900,000
Average purchase price (in dollars per share)	$ 54.68
Repurchase price of stock	$ 159.6
February 2019 Repurchase Plan
Treasury Stock Purchase
Share repurchase program, authorized amount				$ 500
Common stock repurchased (in shares)	8,100,000
Average purchase price (in dollars per share)	$ 57.16
Share repurchase program, authorized remaining amount		$ 36.6
Repurchase price of stock	$ 463.3
November 2019 Repurchase Plan
Treasury Stock Purchase
Share repurchase program, authorized amount			$ 500
Common stock repurchased (in shares)	0
Share repurchase program, authorized remaining amount		$ 500

STOCK-BASED COMPENSATION - Plan

STOCK-BASED COMPENSATION - Plans (Details) $ in Millions	3 Months Ended			12 Months Ended
	Dec. 31, 2019shares	Sep. 30, 2019shares	Mar. 31, 2019shares	Dec. 31, 2019USD ($)planshares	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
STOCK-BASED COMPENSATION
Stock-based compensation plans | plan				2
Compensation expense on share-based plans | $				$ 63.4	$ 57.1	$ 52.3
Excess tax benefit realized for tax deductions from non-qualified stock option exercises and disqualifying dispositions of incentive stock options | $				$ 25.9	$ 8.5	$ 96.7
Stock options
STOCK-BASED COMPENSATION
Granted (in shares)	50,000	52,000	1,570,000
2011 Omnibus Incentive Plan
STOCK-BASED COMPENSATION
Aggregate amount of common stock authorized (in shares)	43,500,000			43,500,000
Reduction in number of shares for each share granted				2.16
Vesting period				5 years
Granted (in shares)				24,555,792
Expiration period (in years)				10 years
Shares available for grant	14,169,367			14,169,367
2017 Directors plan
STOCK-BASED COMPENSATION
Aggregate amount of common stock authorized (in shares)	1,250,000			1,250,000
Granted (in shares)				68,774
Shares available for grant	1,181,226			1,181,226
Number of common shares held and expected to vest for eligibility under plan	9,000			9,000

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			12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	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%
Expected volatility (as a percent)				30.20%	34.70%	36.50%
Risk-free interest rate (as a percent)				2.37%	2.81%	2.11%
Expected term				6 years	6 years	6 years 1 month 6 days
Stock options, Number of Shares
Balance at the beginning of the period (in shares)			18,890	18,890
Granted (in shares)	50	52	1,570
Exercised (in shares)				(5,224)
Cancelled or forfeited (in shares)				(397)
Balance at the end of the period (in shares)	14,941			14,941	18,890
Vested and expected to vest in the future at the end of the period (in shares)	14,205			14,205
Exercisable at the end of the period (in shares)	7,758			7,758
Stock options, Weighted-Average Exercise Price Per Share
Balance at the beginning of the period (in dollars per share)			$ 34.61	$ 34.61
Granted (in dollars per share)	$ 56.39	$ 58.54	$ 59.52
Exercised (in dollars per share)				17.68
Cancelled or forfeited (in dollars per share)				50.83
Balance at the end of the period (in dollars per share)	42.88			42.88	$ 34.61
Vested and expected to vest in the future at the end of the period (in dollars per share)	42.25			42.25
Exercisable at the end of the period (in dollars per share)	$ 33.70			$ 33.70
Weighted-Average Remaining Contractual Term (in years)
Weighted-Average Remaining Contractual Terms (in years)				6 years 3 months 18 days	5 years 9 months 18 days
Vested and expected to vest in the future at the end of the period				6 years 2 months 12 days
Exercisable at the end of the period				5 years
Aggregate Intrinsic Value
Balance at the beginning of the period			$ 303,627	$ 303,627
Balance at the end of the period	$ 308,884			308,884	$ 303,627
Vested and expected to vest in the future at the end of the period	302,587			302,587
Exercisable at the end of the period	$ 231,600			$ 231,600

STOCK-BASED COMPENSATION - Exer

STOCK-BASED COMPENSATION - Exercise Prices (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2019$ / sharesshares
Stock options outstanding and stock options exercisable
Number Outstanding (in shares) | shares	14,941
Options Outstanding, Weighted Average Remaining Contractual Term (Years)	6 years 3 months 18 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 42.88
Options Exercisable (in shares) | shares	7,758
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 33.70
Range of Exercise Prices $6.40 - $17.99
Stock options outstanding and stock options exercisable
Stock options, range of exercise prices, low end of range (in dollars per share)	6.40
Stock options, range of exercise prices, high end of range (in dollars per share)	$ 17.99
Number Outstanding (in shares) | shares	1,741
Options Outstanding, Weighted Average Remaining Contractual Term (Years)	3 years 2 months 12 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 16.88
Options Exercisable (in shares) | shares	1,741
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 16.88
Range of Exercise Prices $18.64 - $23.35
Stock options outstanding and stock options exercisable
Stock options, range of exercise prices, low end of range (in dollars per share)	18.64
Stock options, range of exercise prices, high end of range (in dollars per share)	$ 23.35
Number Outstanding (in shares) | shares	1,852
Options Outstanding, Weighted Average Remaining Contractual Term (Years)	4 years 1 month 6 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 22.92
Options Exercisable (in shares) | shares	1,852
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 22.92
Range of Exercise Prices $36.05 - $36.05
Stock options outstanding and stock options exercisable
Stock options, range of exercise prices, low end of range (in dollars per share)	36.05
Stock options, range of exercise prices, high end of range (in dollars per share)	$ 36.05
Number Outstanding (in shares) | shares	12
Options Outstanding, Weighted Average Remaining Contractual Term (Years)	5 years
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 36.05
Options Exercisable (in shares) | shares	8
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 36.05
Range of Exercise Prices $37.10 - $43.64
Stock options outstanding and stock options exercisable
Stock options, range of exercise prices, low end of range (in dollars per share)	37.10
Stock options, range of exercise prices, high end of range (in dollars per share)	$ 43.64
Number Outstanding (in shares) | shares	1,457
Options Outstanding, Weighted Average Remaining Contractual Term (Years)	6 years 4 months 24 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 42.06
Options Exercisable (in shares) | shares	757
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 40.91
Range of Exercise Prices $43.99 - $43.99
Stock options outstanding and stock options exercisable
Stock options, range of exercise prices, low end of range (in dollars per share)	43.99
Stock options, range of exercise prices, high end of range (in dollars per share)	$ 43.99
Number Outstanding (in shares) | shares	1,925
Options Outstanding, Weighted Average Remaining Contractual Term (Years)	6 years 2 months 12 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 43.99
Options Exercisable (in shares) | shares	1,088
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 43.99
Range of Exercise Prices $44.73 - $45.16
Stock options outstanding and stock options exercisable
Stock options, range of exercise prices, low end of range (in dollars per share)	44.73
Stock options, range of exercise prices, high end of range (in dollars per share)	$ 45.16
Number Outstanding (in shares) | shares	2,002
Options Outstanding, Weighted Average Remaining Contractual Term (Years)	5 years 6 months
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 45.10
Options Exercisable (in shares) | shares	1,336
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 45.11
Range of Exercise Prices $45.55 - $51.50
Stock options outstanding and stock options exercisable
Stock options, range of exercise prices, low end of range (in dollars per share)	45.55
Stock options, range of exercise prices, high end of range (in dollars per share)	$ 51.50
Number Outstanding (in shares) | shares	1,621
Options Outstanding, Weighted Average Remaining Contractual Term (Years)	7 years 4 months 24 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 47.60
Options Exercisable (in shares) | shares	578
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 46.56
Range of Exercise Prices $53.24 - $57.95
Stock options outstanding and stock options exercisable
Stock options, range of exercise prices, low end of range (in dollars per share)	53.24
Stock options, range of exercise prices, high end of range (in dollars per share)	$ 57.95
Number Outstanding (in shares) | shares	382
Options Outstanding, Weighted Average Remaining Contractual Term (Years)	8 years 9 months 18 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 55.85
Options Exercisable (in shares) | shares	39
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 54.80
Range of Exercise Prices $58.73- $58.73
Stock options outstanding and stock options exercisable
Stock options, range of exercise prices, low end of range (in dollars per share)	58.73
Stock options, range of exercise prices, high end of range (in dollars per share)	$ 58.73
Number Outstanding (in shares) | shares	2,371
Options Outstanding, Weighted Average Remaining Contractual Term (Years)	8 years 2 months 12 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 58.73
Options Exercisable (in shares) | shares	345
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 58.73
Range of Exercise Prices $58.73- $63.46
Stock options outstanding and stock options exercisable
Stock options, range of exercise prices, low end of range (in dollars per share)	58.77
Stock options, range of exercise prices, high end of range (in dollars per share)	$ 63.46
Number Outstanding (in shares) | shares	1,578
Options Outstanding, Weighted Average Remaining Contractual Term (Years)	9 years 2 months 12 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 59.79
Options Exercisable (in shares) | shares	14
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 62.50

STOCK-BASED COMPENSATION - Equi

STOCK-BASED COMPENSATION - Equity Awards (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Compensation cost charged against income
Operating expenses					$ 63,356	$ 57,111	$ 52,282
Total employee and non-employee share-based compensation expense included in income, before income tax					63,356	57,111	52,282
Less: Amount of income tax benefit recognized in earnings					(36,326)	(14,892)	(100,635)
Amount charged against net income					27,030	42,219	(48,353)
Operating expense
Compensation cost charged against income
Total employee and non-employee share-based compensation expense included in income, before income tax					$ 63,400	$ 57,100	$ 52,300
Stock options
STOCK-BASED COMPENSATION
Granted (in shares)	50	52		1,570
Weighted-average grant-date fair value of options granted (in dollars per share)					$ 20.17	$ 22.37	$ 18.29
Total intrinsic value of options exercised					$ 220,200	$ 56,800	$ 285,800
Cash received from option exercises					92,400	$ 25,900	$ 52,600
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 80,300				$ 80,300
Cost expected to be recognized over a weighted-average period					2 years 3 months 18 days
Stock units expected to vest (in shares)	14,205				14,205
Restricted stock units
STOCK-BASED COMPENSATION
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 29,300				$ 29,300
Cost expected to be recognized over a weighted-average period					2 years 7 months 6 days
Stock units expected to vest (in shares)	700				700
Number of Shares
Non-vested at the beginning of the period (in shares)				529	529
Granted (in shares)	1	1	18	548
Vested (in shares)					(266)
Forfeited/cancelled (in shares)					(6)
Non-vested at the end of the period (in shares)	825				825	529
Weighted Average Grant-Date Fair Value
Non-vested at the beginning of the period (in dollars per share)				$ 51.55	$ 51.55
Granted (in dollars per share)	$ 55.73	$ 66	$ 63.48	$ 59.66	59.79	$ 57.59	$ 46.74
Vested (in dollars per share)					50.12
Forfeited/cancelled (in dollars per share)					59.67
Non-vested at the end of the period (in dollars per share)	$ 57.62				$ 57.62	$ 51.55
Incentive Stock Options.
Compensation cost charged against income
Total employee and non-employee share-based compensation expense included in income, before income tax					$ 10,000	$ 10,000	$ 8,700
Non Qualified Stock Options.
Compensation cost charged against income
Total employee and non-employee share-based compensation expense included in income, before income tax					$ 53,400	$ 47,100	$ 43,600

INCOME TAXES - Classification a

INCOME TAXES - Classification and Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Domestic and foreign components of company's income before income taxes
Domestic	$ 1,196,883	$ 1,100,487	$ 1,062,713
Foreign	219,079	192,785	138,910
INCOME BEFORE PROVISION FOR INCOME TAXES	1,415,962	1,293,272	1,201,623
Intercompany royalties, management fees and interest charges from the Company's domestic to foreign entities	51,200	40,500	42,500
Current:
Federal	212,068	209,147	243,127
State	39,982	41,934	43,252
Foreign	55,167	42,541	27,522
Total current provision	307,217	293,622	313,901
Deferred:
Federal	8,320	9,804	61,797
State	(6,878)	1,644	3,062
Foreign	(4,219)	(8,778)	(4,579)
Total deferred provision	(2,777)	2,670	60,280
Valuation allowance	3,687	3,976	6,764
Total provision for income taxes	$ 308,127	$ 300,268	$ 380,945
Federal statutory rate (as a percent)	21.00%	21.00%	35.00%
Provisional charge, revaluated net deferred tax assets		$ 1,800	$ 2,100
Reconciliation of income tax expense
U.S. Federal tax expense at statutory rates	$ 297,352	271,587	420,568
State income taxes, net of federal tax benefit	30,098	36,312	27,569
Permanent differences	(2,128)	3,606	10,356
Stock based compensation	(13,473)	(370)	(79,687)
Domestic production deduction			(22,229)
Deferred tax asset reduction (Tax Reform Act)			39,763
Other	(12,423)	(8,438)	3,736
Foreign rate differential	5,014	(6,405)	(25,895)
Valuation allowance	3,687	3,976	6,764
Total provision for income taxes	$ 308,127	$ 300,268	$ 380,945

INCOME TAXES - Deferred Taxes (

INCOME TAXES - Deferred Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Deferred Tax Assets:
Reserve for sales returns	$ 140	$ 137
Reserve for inventory obsolescence	2,066	2,836
Reserve for marketing development fund	8,469	4,666
Capitalization of inventory costs	2,310	1,210
State franchise tax - current	2,346	2,663
Accrued compensation	1,944	574
Accrued other liabilities	5,674	5,276
Deferred revenue	81,903	87,573
Stock-based compensation	22,665	25,439
Foreign net operating loss carryforward	30,187	28,030
Prepaid supplies	5,799	7,476
Termination payments	69,467	71,918
Operating lease liabilities	6,155
Other deferred tax assets	17,615	11,010
Total gross deferred tax assets	256,740	248,808
Deferred Tax Liabilities:
Amortization of trademarks	(35,227)	(31,445)
Intangibles	(76,047)	(82,544)
State franchise tax - deferred	(7,173)	(7,093)
Operating lease ROU assets	(6,155)
Other deferred tax liabilities	(93)	(99)
Depreciation	(6,765)	(5,123)
Total gross deferred tax liabilities	(131,460)	(126,304)
Valuation Allowance	(40,503)	(36,816)
Net deferred tax assets	84,777	85,688
Increase to provision for income taxes	3,700	$ 4,000	$ 6,800
Net operating loss carryforwards	112,400
Net operating loss carryforwards subject to indefinite carryforward	77,500
Net operating loss carryforwards that begin to expire in 2019	$ 34,800

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefit Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Gross unrecognized tax benefits, roll forward
Balance at the beginning of the period	$ 5,035	$ 6,540	$ 9
Additions for tax positions related to the prior years	1,833	1,159	6,540
Decreases for tax positions related to the prior years	(3,875)	(2,664)	(9)
Balance at the end of the period	2,993	$ 5,035	$ 6,540
Accrued interest and penalties related to unrecognized tax benefits	$ 400

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Weighted-average shares outstanding:
Basic	542,191	557,166	566,782
Dilutive securities	4,417	7,088	10,359
Diluted	546,608	564,254	577,141
Options and awards outstanding excluded from the calculations as their effect would have been antidilutive (in shares)	4,400	3,200	7,900

EMPLOYEE BENEFIT PLAN (Details)

EMPLOYEE BENEFIT PLAN (Details) - Employee 401(k) Plan - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Employee Benefit Plant
Employer matching contribution as a percentage of the employee's contribution	50.00%
Percent of employee's earnings eligible for employer matching contribution	6.00%
Percentage of contribution vested each year	8.00%
Vesting period of contribution by the company	4 years
Matching contributions by the company	$ 3.4	$ 2.9	$ 2.5
2 years of service
Employee Benefit Plant
Percentage of award vesting	50.00%
3 years of service
Employee Benefit Plant
Percentage of award vesting	75.00%
4 years of service
Employee Benefit Plant
Percentage of award vesting	100.00%

SEGMENT INFORMATION - Net Reven

SEGMENT INFORMATION - Net Revenues (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2019USD ($)segment	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Segment information
Number of reportable segments | segment									3
Number of operating segments | segment									3
Total Net Sales	$ 1,017,206	$ 1,133,577	$ 1,104,045	$ 945,991	$ 924,229	$ 1,016,160	$ 1,015,873	$ 850,921	$ 4,200,819	$ 3,807,183	$ 3,369,045
Operating income									1,402,939	1,283,619	1,198,787
Income before tax									1,415,962	1,293,272	1,201,623
Recognition of deferred revenue									25,000	21,900	22,300
Corporate and unallocated
Segment information
Operating income									(330,741)	(269,325)	(245,833)
Income before tax									(318,764)	(260,631)	(242,957)
Monster Energy Drinks
Segment information
Total Net Sales									3,904,029	3,498,427
Monster Energy Drinks | Operating segment
Segment information
Total Net Sales									3,904,029	3,498,427	3,047,596
Operating income									1,565,977	1,371,062	1,264,579
Income before tax									1,567,022	1,372,001	1,264,555
Recognition of deferred revenue									46,300	44,300	43,400
Distribution Agreements Termination Cost									11,300	26,600	35,400
Strategic Brands
Segment information
Total Net Sales									274,925	285,836
Strategic Brands | Operating segment
Segment information
Total Net Sales									274,925	285,836	299,844
Operating income									164,053	176,520	174,458
Income before tax									164,049	176,540	174,442
Other
Segment information
Total Net Sales									21,865	22,920
Other | Operating segment
Segment information
Total Net Sales									21,865	22,920	21,605
Operating income									3,650	5,362	5,583
Income before tax									$ 3,655	$ 5,362	$ 5,583

SEGMENT INFORMATION - Depreciat

SEGMENT INFORMATION - Depreciation and Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment information
Depreciation and amortization	$ 64,814	$ 56,979	$ 48,887
Depreciation and amortization	60,727
Corporate and unallocated
Segment information
Depreciation and amortization	8,758	8,161	7,245
Monster Energy Drinks | Operating segment
Segment information
Depreciation and amortization	39,397	36,387	29,591
Strategic Brands | Operating segment
Segment information
Depreciation and amortization	7,935	7,774	7,443
Other | Operating segment
Segment information
Depreciation and amortization	$ 4,637	$ 4,657	$ 4,608

SEGMENT INFORMATION - Expenses

SEGMENT INFORMATION - Expenses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment information
Stock-based compensation expense	$ 63.4	$ 57.1	$ 52.3
Corporate and unallocated
Segment information
Payroll costs	203.3	174.9	156.3
Stock-based compensation expense	63.4	57.1	52.3
Professional service expenses	78.5	53.6	51.8
Insurance costs	6.1	6	6
Other operating expenses	$ 42.8	$ 34.8	$ 31.7

SEGMENT INFORMATION - Concentra

SEGMENT INFORMATION - Concentration Risk (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment information
Total Net Sales	$ 1,017,206	$ 1,133,577	$ 1,104,045	$ 945,991	$ 924,229	$ 1,016,160	$ 1,015,873	$ 850,921	$ 4,200,819	$ 3,807,183	$ 3,369,045
Net Sales | Outside United States
Segment information
Percentage of net sales									32.00%	29.00%	27.00%
Total Net Sales									$ 1,330,000	$ 1,090,000	$ 909,300
TCCC | Net Sales | Customer concentration
Segment information
Percentage of net sales									2.00%	3.00%	18.00%
Coca-Cola Consolidated, Inc | Net Sales | Customer concentration
Segment information
Percentage of net sales									13.00%	13.00%	13.00%
Reyes Coca-Cola Bottling | Net Sales | Customer concentration
Segment information
Percentage of net sales									11.00%	12.00%	6.00%
Coca-Cola European Partners | Net Sales | Customer concentration
Segment information
Percentage of net sales									10.00%	10.00%	9.00%

SEGMENT INFORMATION - Goodwill

SEGMENT INFORMATION - Goodwill and other intangible assets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Segment information
Goodwill and other intangible assets	$ 2,383,748	$ 2,377,521
Monster Energy Drinks | Operating segment
Segment information
Goodwill and other intangible assets	1,384,940	1,368,620
Strategic Brands | Operating segment
Segment information
Goodwill and other intangible assets	984,393	989,944
Other | Operating segment
Segment information
Goodwill and other intangible assets	$ 14,415	$ 18,957

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)director	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Related party transactions
Equity loss	$ (4,171,281)	$ (3,610,901)	$ (3,895,212)	$ (3,329,709)
TCCC
Related party transactions
Related Party Ownership Interest (as a percent)	19.00%
Net sales	$ 79,500	132,500	594,100
Purchases from related party	25,400	27,500	26,200
TCCC Subsidiaries and TCCC Related parties
Related party transactions
Commission expenses	50,100	48,000	9,800
TCCC Subsidiaries and TCCC Related parties | Operating expense
Related party transactions
Commission expenses			45,000
TCCC Subsidiaries
Related party transactions
Accounts receivable, net	21,670	25,312
Accounts payable	(18,217)	(54,430)
Accrued promotional allowances	(5,321)	(4,044)
TCCC Related parties and TCCC Independent Bottlers | Operating expense
Related party transactions
Commission expenses	$ 17,700	14,800
Principal owners
Related party transactions
Number of directors who are principal owners of a company that provides promotional materials | director	1
Expenses incurred in connection with materials or services provided by a related party	$ 1,500	$ 1,800	2,200
Capital contribution	50
Director
Related party transactions
Ownership percentage		50.00%
Partnership contribution	1,900	$ 1,900
Additional Loan made	150
Equity loss	90
Monster Energy Drinks | TCCC Subsidiaries
Related party transactions
Contract manufacturing expenses	$ 17,100	$ 22,800	$ 11,800

QUARTERLY FINANCIAL DATA (Una_3

QUARTERLY FINANCIAL DATA (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
QUARTERLY FINANCIAL DATA (Unaudited)
Total Net Sales	$ 1,017,206	$ 1,133,577	$ 1,104,045	$ 945,991	$ 924,229	$ 1,016,160	$ 1,015,873	$ 850,921	$ 4,200,819	$ 3,807,183	$ 3,369,045
Gross Profit	610,768	673,002	661,283	573,532	552,201	607,659	620,258	515,257	2,518,585	2,295,375	2,137,690
Net income	$ 254,954	$ 298,923	$ 292,473	$ 261,485	$ 239,105	$ 267,733	$ 270,116	$ 216,050	$ 1,107,835	$ 993,004	$ 820,678
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.47	$ 0.55	$ 0.54	$ 0.48	$ 0.43	$ 0.48	$ 0.48	$ 0.38	$ 2.04	$ 1.78	$ 1.45
Diluted (in dollars per share)	$ 0.47	$ 0.55	$ 0.53	$ 0.48	$ 0.43	$ 0.48	$ 0.48	$ 0.38	$ 2.03	$ 1.76	$ 1.42

SCHEDULE II - VALUATION AND Q_2

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Allowance for doubtful accounts, sales returns and cash discounts
Changes to valuation allowance
Balance at beginning of period	$ 1,589	$ 1,105	$ 1,121
Charged to cost and expenses	9,583	7,890	8,364
Deductions	(9,127)	(7,406)	(8,380)
Balance at end of period	2,045	1,589	1,105
Allowance on Deferred Tax Assets and Unrecognized Tax Benefits
Changes to valuation allowance
Balance at beginning of period	42,748	40,680	26,086
Charged to cost and expenses	1,105	2,068	14,594
Balance at end of period	$ 43,853	$ 42,748	$ 40,680