Monster Beverage (MNST) 10-Q 6 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 30, 2020
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
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	739 - 6200
Title of 12(b) Security	Common Stock
Trading Symbol	MNST
Security Exchange Name	NASDAQ
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 Common Stock, Shares Outstanding		527,916,757
Entity Central Index Key	0000865752
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 1,074,730	$ 797,957
Short-term investments	599,326	533,063
Accounts receivable, net	740,813	540,330
Inventories	318,956	360,731
Prepaid expenses and other current assets	75,958	54,868
Prepaid income taxes	16,064	29,360
Total current assets	2,825,847	2,316,309
INVESTMENTS	20,571	12,905
PROPERTY AND EQUIPMENT, net	304,687	298,640
DEFERRED INCOME TAXES, net	84,777	84,777
GOODWILL	1,331,643	1,331,643
OTHER INTANGIBLE ASSETS, net	1,059,537	1,052,105
OTHER ASSETS	70,621	53,973
Total Assets	5,697,683	5,150,352
CURRENT LIABILITIES:
Accounts payable	281,522	274,045
Accrued liabilities	168,398	114,075
Accrued promotional allowances	200,668	166,761
Deferred revenue	45,538	44,237
Accrued compensation	45,555	47,262
Income taxes payable	32,082	14,717
Total current liabilities	773,763	661,097
DEFERRED REVENUE	268,281	287,469
OTHER LIABILITIES	26,318	30,505
COMMITMENTS AND CONTINGENCIES (Note 12)
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 1,250,000 shares authorized; 638,458 shares issued and 527,893 shares outstanding as of September 30, 2020; 636,460 shares issued and 536,698 shares outstanding as of December 31, 2019	3,192	3,182
Additional paid-in capital	4,513,743	4,397,511
Retained earnings	5,960,338	5,022,480
Accumulated other comprehensive loss	(32,529)	(32,387)
Common stock in treasury, at cost; 110,565 shares and 99,762 shares as of September 30, 2020 and December 31, 2019, respectively	(5,815,423)	(5,219,505)
Total stockholders' equity	4,629,321	4,171,281
Total Liabilities and Stockholders' Equity	$ 5,697,683	$ 5,150,352

CONDENSED CONSOLIDATED FINANCIA

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (Parenthetical) - $ / shares shares in Thousands	Sep. 30, 2020	Dec. 31, 2019
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$ 0.005	$ 0.005
Common stock, shares authorized	1,250,000	1,250,000
Common stock, shares issued	638,458	636,460
Common stock, shares outstanding	527,893	536,698
Common stock in treasury, shares	110,565	99,762

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
NET SALES	$ 1,246,362	$ 1,133,577	$ 3,402,355	$ 3,183,613
COST OF SALES	509,831	460,575	1,369,160	1,275,796
GROSS PROFIT	736,531	673,002	2,033,195	1,907,817
OPERATING EXPENSES	277,930	277,559	802,343	821,923
OPERATING INCOME	458,601	395,443	1,230,852	1,085,894
INTEREST and OTHER (EXPENSE) INCOME, net	(4,568)	3,121	(5,491)	8,835
INCOME BEFORE PROVISION FOR INCOME TAXES	454,033	398,564	1,225,361	1,094,729
PROVISION FOR INCOME TAXES	106,379	99,641	287,503	241,848
NET INCOME	$ 347,654	$ 298,923	$ 937,858	$ 852,881
NET INCOME PER COMMON SHARE:
Basic	$ 0.66	$ 0.55	$ 1.77	$ 1.57
Diluted	$ 0.65	$ 0.55	$ 1.75	$ 1.56
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS:
Basic	527,637	544,469	530,194	543,804
Diluted	533,263	548,422	535,011	548,387

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income, as reported	$ 347,654	$ 298,923	$ 937,858	$ 852,881
Other comprehensive income (loss):
Change in foreign currency translation adjustment	21,217	(14,359)	(338)	(10,586)
Available-for-sale investments:
Change in net unrealized gains	(308)	32	196	367
Net change in available-for-sale investments	(308)	32	196	367
Other comprehensive income (loss)	20,909	(14,327)	(142)	(10,219)
Comprehensive income	$ 368,563	$ 284,596	$ 937,716	$ 842,662

CONDENSED CONSOLIDATED STATEM_3

CONDENSED 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, 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		15,324				15,324
Exercise of stock options	$ 19	35,144				35,163
Exercise of stock options (in shares)	3,871
Unrealized gain, net on available-for-sale securities				120		120
Repurchase of common stock					$ (222,792)	(222,792)
Repurchase of common stock (in shares)					(4,000)
Foreign currency translation				(1,381)		(1,381)
Net income			261,485			261,485
Balance at Mar. 31, 2019	$ 3,174	4,288,638	4,176,130	(34,125)	$ (4,734,997)	3,698,820
Balance (in shares) at Mar. 31, 2019	634,841				(91,294)
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
Net income						852,881
Balance at Sep. 30, 2019	$ 3,181	4,370,280	4,767,526	(43,083)	$ (4,989,926)	4,107,978
Balance (in shares) at Sep. 30, 2019	636,235				(95,644)
Balance at Mar. 31, 2019	$ 3,174	4,288,638	4,176,130	(34,125)	$ (4,734,997)	3,698,820
Balance (in shares) at Mar. 31, 2019	634,841				(91,294)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		15,575				15,575
Exercise of stock options	$ 6	45,964				45,970
Exercise of stock options (in shares)	1,288
Unrealized gain, net on available-for-sale securities				215		215
Repurchase of common stock					$ (621)	(621)
Repurchase of common stock (in shares)					(10)
Foreign currency translation				5,154		5,154
Net income			292,473			292,473
Balance at Jun. 30, 2019	$ 3,180	4,350,177	4,468,603	(28,756)	$ (4,735,618)	4,057,586
Balance (in shares) at Jun. 30, 2019	636,129				(91,304)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		15,991				15,991
Exercise of stock options	$ 1	4,112				4,113
Exercise of stock options (in shares)	106
Unrealized gain, net on available-for-sale securities				32		32
Repurchase of common stock					$ (254,308)	(254,308)
Repurchase of common stock (in shares)					(4,340)
Foreign currency translation				(14,359)		(14,359)
Net income			298,923			298,923
Balance at Sep. 30, 2019	$ 3,181	4,370,280	4,767,526	(43,083)	$ (4,989,926)	4,107,978
Balance (in shares) at Sep. 30, 2019	636,235				(95,644)
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)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		17,098				17,098
Exercise of stock options	$ 4	13,971				13,975
Exercise of stock options (in shares)	644
Unrealized gain, net on available-for-sale securities				304		304
Repurchase of common stock					$ (579,948)	(579,948)
Repurchase of common stock (in shares)					(10,503)
Foreign currency translation				(30,599)		(30,599)
Net income			278,835			278,835
Balance at Mar. 31, 2020	$ 3,186	4,428,580	5,301,315	(62,682)	$ (5,799,453)	3,870,946
Balance (in shares) at Mar. 31, 2020	637,104				(110,265)
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)
Increase (Decrease) in Stockholders' Equity
Exercise of stock options (in shares)						1,711
Net income						$ 937,858
Balance at Sep. 30, 2020	$ 3,192	4,513,743	5,960,338	(32,529)	$ (5,815,423)	4,629,321
Balance (in shares) at Sep. 30, 2020	638,458				(110,565)
Balance at Mar. 31, 2020	$ 3,186	4,428,580	5,301,315	(62,682)	$ (5,799,453)	3,870,946
Balance (in shares) at Mar. 31, 2020	637,104				(110,265)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		15,936				15,936
Exercise of stock options	$ 4	29,863				29,867
Exercise of stock options (in shares)	820
Unrealized gain, net on available-for-sale securities				200		200
Repurchase of common stock					$ (15,822)	(15,822)
Repurchase of common stock (in shares)					(298)
Foreign currency translation				9,044		9,044
Net income			311,369			311,369
Balance at Jun. 30, 2020	$ 3,190	4,474,379	5,612,684	(53,438)	$ (5,815,275)	4,221,540
Balance (in shares) at Jun. 30, 2020	637,924				(110,563)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		17,668				17,668
Exercise of stock options	$ 2	21,696				21,698
Exercise of stock options (in shares)	534
Unrealized loss, net on available-for-sale securities				(308)		(308)
Repurchase of common stock					$ (148)	(148)
Repurchase of common stock (in shares)					(2)
Foreign currency translation				21,217		21,217
Net income			347,654			347,654
Balance at Sep. 30, 2020	$ 3,192	$ 4,513,743	$ 5,960,338	$ (32,529)	$ (5,815,423)	$ 4,629,321
Balance (in shares) at Sep. 30, 2020	638,458				(110,565)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 937,858	$ 852,881
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	45,879	47,843
Gain on disposal of property and equipment	(210)	(7)
Impairment of intangibles	7,000
Stock-based compensation	53,042	46,890
Deferred income taxes		540
Effect on cash of changes in operating assets and liabilities:
Accounts receivable	(201,677)	(179,838)
Distributor receivables	341	5,813
Inventories	39,490	(44,947)
Prepaid expenses and other assets	(20,446)	(16,121)
Prepaid income taxes	11,460	6,174
Accounts payable	(9,724)	69,480
Accrued liabilities	53,501	(9,592)
Accrued promotional allowances	31,915	55,799
Accrued distributor terminations	(150)	6
Accrued compensation	(1,214)	(3,901)
Income taxes payable	17,969	10,311
Other liabilities	(562)	(631)
Deferred revenue	(15,236)	(19,631)
Net cash provided by operating activities	949,236	821,069
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of available-for-sale investments	795,858	558,128
Purchases of available-for-sale investments	(849,276)	(835,964)
Purchases of property and equipment	(42,062)	(44,392)
Proceeds from sale of property and equipment	880	810
Additions to intangibles	(19,686)	(5,478)
Increase in other assets	(26,228)	(1,289)
Net cash used in investing activities	(140,514)	(328,185)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on debt	(2,500)	(12,841)
Issuance of common stock	65,540	85,245
Purchases of common stock held in treasury	(595,918)	(477,721)
Net cash used in financing activities	(532,878)	(405,317)
Effect of exchange rate changes on cash and cash equivalents	929	(7,463)
NET INCREASE IN CASH AND CASH EQUIVALENTS	276,773	80,104
CASH AND CASH EQUIVALENTS, beginning of period	797,957	637,513
CASH AND CASH EQUIVALENTS, end of period	1,074,730	717,617
Cash paid during the period for:
Interest	39	306
Income taxes	$ 257,563	$ 226,883

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
CONSOLIDATED STATEMENTS OF CASH FLOWS NON-CASH SUPPLEMENTAL DATA
Accrued liabilities for other intangible assets	$ 14.3	$ 8.6
Accounts payable on short-term investments	$ 20.3	$ 3

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2020
BASIS OF PRESENTATION
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION ​ Reference is made to the Notes to Consolidated Financial Statements, in Monster Beverage Corporation and Subsidiaries (the “Company”) Annual Report on Form 10-K for the year ended December 31, 2019 for a summary of significant accounting policies utilized by the Company and its consolidated subsidiaries and other disclosures, which should be read in conjunction with this Quarterly Report on Form 10-Q (“Form 10-Q”). ​ The Company’s condensed consolidated financial statements included in this Form 10-Q have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and Securities and Exchange Commission (“SEC”) rules and regulations applicable to interim financial reporting. They do not include all the information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP. The information set forth in these interim condensed consolidated financial statements for the three- and nine-months ended September 30, 2020 and 2019, respectively, is unaudited and reflects all adjustments, which include only normal recurring adjustments and which in the opinion of management are necessary to make the interim condensed consolidated financial statements not misleading. Results of operations for periods covered by this report may not necessarily be indicative of results of operations for the full year. ​ The preparation of financial statements in conformity with GAAP necessarily requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2020
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS ​ Recently issued accounting pronouncements not yet adopted ​ In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 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 No. 2019-12 removes certain exceptions related to the approach for intra-period tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. ASU No. 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. ​ Recently adopted accounting pronouncements ​ 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 did not 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 is effective for the Company on a retrospective basis beginning in the year ending December 31, 2020. The adoption of ASU No. 2018-14 did not 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 did not 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 did not 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 did not have a material impact on the Company’s disclosures, financial position, results of operations and liquidity.

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
	Sep. 30, 2020
REVENUE RECOGNITION
REVENUE RECOGNITION	3. REVENUE RECOGNITION ​ The Company has three operating ​ 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 bottlers/distributors (“bottlers/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/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/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 September 30, 2020 and December 31, 2019. ​ 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 to TCCC based on the Company’s sales to certain wholly-owned subsidiaries of TCCC (the “TCCC Subsidiaries”) and/or to certain companies accounted for under the equity method by TCCC (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 bottler/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 bottlers/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 tables disaggregate the Company’s revenue by geographical markets and reportable segments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks ​ $ 786,960 ​ $ 206,947 ​ $ 120,589 ​ $ 48,924 ​ $ 1,163,420 Strategic Brands ​ 46,005 ​ 19,192 ​ 6,658 ​ 2,469 ​ 74,324 Other ​ 8,618 ​ — ​ — ​ — ​ 8,618 Total Net Sales ​ $ 841,583 ​ $ 226,139 ​ $ 127,247 ​ $ 51,393 ​ $ 1,246,362 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ and ​ ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks ​ $ 737,457 ​ $ 178,569 ​ $ 97,153 ​ $ 48,205 ​ $ 1,061,384 Strategic Brands ​ ​ 43,205 ​ ​ 16,673 ​ ​ 6,243 ​ ​ 212 ​ ​ 66,333 Other ​ ​ 5,860 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,860 Total Net Sales ​ $ 786,522 ​ $ 195,242 ​ $ 103,396 ​ $ 48,417 ​ $ 1,133,577 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months Ended September 30, 2020 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 2,223,925 ​ $ 501,639 ​ $ 319,325 ​ $ 138,671 ​ $ 3,183,560 Strategic Brands ​ ​ 125,030 ​ ​ 52,333 ​ ​ 17,161 ​ ​ 3,904 ​ ​ 198,428 Other ​ ​ 20,367 ​ ​ — ​ ​ — ​ ​ — ​ ​ 20,367 Total Net Sales ​ $ 2,369,322 ​ $ 553,972 ​ $ 336,486 ​ $ 142,575 ​ $ 3,402,355 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months Ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 2,118,835 ​ $ 458,655 ​ $ 242,561 ​ $ 130,826 ​ $ 2,950,877 Strategic Brands ​ ​ 132,375 ​ ​ 62,374 ​ ​ 20,024 ​ ​ 990 ​ ​ 215,763 Other ​ ​ 16,973 ​ ​ — ​ ​ — ​ ​ — ​ ​ 16,973 Total Net Sales ​ $ 2,268,183 ​ $ 521,029 ​ $ 262,585 ​ $ 131,816 ​ $ 3,183,613 ​ 1 Europe, Middle East and Africa (“EMEA”) ​ Contract Liabilities ​ Amounts received from certain bottlers/distributors at inception of their distribution contracts or at the inception of certain sales/marketing programs are accounted for as deferred revenue. As of September 30, 2020, the Company had $313.8 million of deferred revenue, which is included in current and long-term deferred revenue in the Company’s condensed consolidated balance sheet. As of December 31, 2019, the Company had $331.7 million of deferred revenue, which is included in current and long-term deferred revenue in the Company’s condensed consolidated balance sheet. During the three-months ended September 30, 2020 and 2019, $10.5 million and $10.7 million, respectively, of deferred revenue was recognized in net sales. See Note 11. During the nine-months ended September 30, 2020 and 2019, $31.6 million and $35.6 million, respectively, of deferred revenue was recognized in net sales. See Note 11.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2020
LEASES
LEASES	4. 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 Accounting Standards Codification (“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 the 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 condensed 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 condensed consolidated statement of income. Interest expense on finance leases is calculated using the amortized cost basis and is included in interest and other (expense) income, net in the condensed consolidated statement of income. ​ The Company’s leases have remaining lease terms of less than one year to 13 years, some which leases leases ​ The components of lease cost were comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months ​ Three-Months ​ Nine-Months ​ Nine-Months ​ ​ Ended September 30, ​ Ended September 30, ​ Ended September 30, ​ Ended September 30, ​ 2020 2019 2020 2019 Operating lease cost ​ $ 1,161 ​ $ 1,223 ​ $ 3,499 ​ $ 3,548 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term lease cost ​ 856 ​ 993 ​ 2,440 ​ 2,552 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable lease cost ​ 242 ​ 168 ​ 564 ​ 503 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ 177 ​ 172 ​ 511 ​ 346 Interest on lease liabilities ​ 9 ​ 13 ​ 34 ​ 43 Finance lease cost ​ 186 ​ 185 ​ 545 ​ 389 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total lease cost ​ $ 2,445 ​ $ 2,569 ​ $ 7,048 ​ $ 6,992 ​ Supplemental cash flow information for the following periods: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months ​ Nine-Months ​ ​ Ended September 30, ​ Ended September 30, ​ 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash outflows from operating leases ​ $ 3,081 ​ $ 3,026 Operating cash outflows from finance leases ​ ​ 33 ​ ​ 43 Financing cash outflows from finance leases ​ ​ 2,500 ​ ​ 1,497 ​ ​ ​ ​ ​ ​ ​ ROU assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ Finance leases ​ ​ 2,231 ​ ​ 2,499 Operating leases ​ ​ 2,117 ​ ​ 27,965 ​ ROU assets for operating and finance leases recognized in the condensed consolidated balance sheets were comprised of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ ​ ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases ​ $ 22,783 ​ $ 214 ​ $ 22,997 ​ Other Assets Finance leases ​ — ​ 2,781 ​ 2,781 ​ Property and Equipment, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ 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 ​ Operating and finance lease liabilities recognized in the condensed consolidated balance sheets were as follows at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ ​ Operating Leases Finance Leases Accrued liabilities $ 2,982 ​ $ 1,214 Other liabilities ​ 17,535 ​ — Total ​ $ 20,517 ​ $ 1,214 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ Operating Leases Finance Leases Accrued liabilities $ 2,812 $ 1,485 Other liabilities ​ 25,651 ​ — Total ​ $ 28,463 ​ $ 1,485 ​ The weighted-average remaining lease terms and weighted-average discount rates for operating and finance leases at September 30, 2020 and December 31, 2019 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ ​ ​ Operating Leases Finance Leases Weighted-average remaining lease term (years) ​ 9.7 0.6 ​ Weighted-average discount rate ​ 3.6 % 2.1 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ 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 leases recorded in the condensed consolidated balance sheet at September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ Undiscounted Future Lease Payments ​ ​ Operating Leases Finance Leases 2020 (excluding the nine-months ended September 30, 2020) ​ $ 811 ​ $ 588 2021 ​ 3,573 ​ 633 2022 ​ 2,898 ​ — 2023 ​ 2,185 ​ — 2024 ​ 1,890 ​ — 2025 and thereafter ​ 13,188 ​ — Total lease payments ​ 24,545 ​ 1,221 Less imputed interest ​ (4,028) ​ (7) Total ​ $ 20,517 ​ $ 1,214 ​ As of September 30, 2020, the Company did not have any significant additional operating or finance leases that have not yet commenced.

INVESTMENTS

INVESTMENTS	9 Months Ended
	Sep. 30, 2020
INVESTMENTS
INVESTMENTS	5. 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 September 30, 2020 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 91,445 ​ $ — ​ $ — ​ $ 91,445 ​ $ — ​ $ — Certificates of deposit ​ ​ 19,959 ​ ​ — ​ ​ — ​ ​ 19,959 ​ ​ — ​ ​ — U.S. government agency securities ​ 66,435 ​ 21 ​ 3 ​ 66,453 ​ 3 ​ — U.S. treasuries ​ ​ 421,093 ​ ​ 398 ​ ​ 22 ​ ​ 421,469 ​ ​ 22 ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency securities ​ ​ 10,205 ​ ​ — ​ ​ 1 ​ ​ 10,204 ​ ​ 1 ​ ​ — U.S. treasuries ​ ​ 10,370 ​ ​ — ​ ​ 3 ​ ​ 10,367 ​ ​ 3 ​ ​ — Total ​ $ 619,507 ​ $ 419 ​ $ 29 ​ $ 619,897 ​ $ 29 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ — ​ ​ During the three- and nine-months ended September 30, 2020 and 2019, realized gains or losses recognized on the sale of investments were not significant. ​ The Company’s investments at September 30, 2020 and December 31, 2019 carried investment grade credit ratings. ​ Variable rate demand notes (“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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ December 31, 2019 ​ Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 91,445 ​ $ 91,445 $ 83,478 ​ $ 83,478 Municipal securities ​ — ​ — 147,983 ​ 148,108 U.S. government agency securities ​ 66,435 ​ 66,453 40,620 ​ 40,590 Certificates of deposit ​ 19,959 ​ 19,959 28,049 ​ 28,049 U.S. treasuries ​ ​ 421,093 ​ ​ 421,469 ​ ​ 211,055 ​ ​ 211,158 Due 1 -10 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ — ​ — 1,562 ​ 1,561 U.S. treasuries ​ ​ 10,370 ​ ​ 10,367 ​ ​ 6,077 ​ ​ 6,078 U.S. government agency securities ​ 10,205 ​ 10,204 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 Due 31 - 40 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ ​ — ​ ​ — ​ ​ 2,004 ​ ​ 2,004 Total ​ $ 619,507 ​ $ 619,897 $ 545,771 ​ $ 545,968 ​

FAIR VALUE OF CERTAIN FINANCIAL

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	9 Months Ended
	Sep. 30, 2020
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	6. FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES ​ ASC 820 provides a framework for measuring fair value and requires disclosures regarding fair value measurements. ASC 820 defines fair value as the price that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs, where available. The three levels of inputs required by the standard that the Company uses to measure fair value are summarized below. ​ ● Level 1: Quoted prices in active markets for identical assets or liabilities. ​ ● Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. ​ ● Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. ​ ASC 820 requires the use of observable market inputs (quoted market prices) when measuring fair value and requires a Level 1 quoted price to be used to measure fair value whenever possible. ​ The following tables present the fair value of the Company’s financial assets and liabilities that are recorded at fair value on a recurring basis, segregated among the appropriate levels within the fair value hierarchy at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 Level 1 Level 2 Level 3 Total Cash ​ $ 719,429 ​ $ — ​ $ — ​ $ 719,429 Money market funds ​ 319,984 ​ — ​ — ​ 319,984 Certificates of deposit ​ ​ — ​ ​ 19,959 ​ ​ — ​ ​ 19,959 Commercial paper ​ — ​ 91,445 ​ — ​ 91,445 U.S. government agency securities ​ — ​ 76,657 ​ — ​ 76,657 U.S. treasuries ​ ​ — ​ ​ 467,153 ​ ​ — ​ ​ 467,153 Foreign currency derivatives ​ — ​ (770) ​ — ​ (770) Total ​ $ 1,039,413 ​ $ 654,444 ​ $ — ​ $ 1,693,857 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,039,413 ​ $ 35,317 ​ $ — ​ $ 1,074,730 Short-term investments ​ — ​ 599,326 ​ — ​ 599,326 Accounts receivable, net ​ — ​ 185 ​ — ​ 185 Investments ​ — ​ 20,571 ​ — ​ 20,571 Accrued liabilities ​ — ​ (955) ​ — ​ (955) Total ​ $ 1,039,413 ​ $ 654,444 ​ $ — ​ $ 1,693,857 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ All of the Company’s short-term and long-term investments are classified within Level 1 or Level 2 of the fair value hierarchy. The Company’s valuation of its Level 1 investments is based on quoted market prices in active markets for identical securities. The Company’s valuation of its Level 2 investments 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 nine-months ended September 30, 2020 or during the year-ended December 31, 2019, and there were no changes in the Company’s valuation techniques.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	9 Months Ended
	Sep. 30, 2020
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	7. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES ​ The Company is exposed to foreign currency exchange rate risks related primarily to its foreign business operations. During the nine-months ended September 30, 2020 and the year-ended December 31, 2019, the Company entered into forward currency exchange contracts with financial institutions to create an economic hedge to specifically manage a portion of the foreign exchange risk exposure associated with certain consolidated subsidiaries’ non-functional currency denominated assets and liabilities. All foreign currency exchange contracts of the Company that were outstanding as of September 30, 2020 have terms of one month or less. The Company does not enter into forward currency exchange contracts for speculation or trading purposes. ​ The Company has not designated its foreign currency exchange contracts as hedge transactions under ASC 815. Therefore, gains and losses on the Company’s foreign currency exchange contracts are recognized in interest and other (expense) income, net, in the condensed consolidated statements of income, and are largely offset by the changes in the fair value of the underlying economically hedged item. ​ The notional amount and fair value of all outstanding foreign currency derivative instruments in the condensed consolidated balance sheets consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under ​ Notional ​ Fair ​ ​ ASC 815-20 Amount Value Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive SGD/pay USD ​ $ 13,748 ​ $ 90 ​ Accounts receivable, net Receive RSD/pay USD ​ ​ 14,253 ​ ​ 63 ​ Accounts receivable, net Receive NOK/pay USD ​ ​ 2,579 ​ ​ 32 ​ Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 51,990 ​ $ (282) ​ Accrued liabilities Receive USD/pay EUR ​ 35,815 ​ (182) Accrued liabilities Receive USD/pay RUB ​ 9,343 ​ (162) ​ Accrued liabilities Receive USD/pay AUD ​ ​ 9,448 ​ ​ (145) ​ Accrued liabilities Receive USD/pay CNY ​ ​ 11,915 ​ ​ (70) ​ Accrued liabilities Receive USD/pay COP ​ 4,670 ​ (61) Accrued liabilities Receive USD/pay ZAR ​ 1,542 ​ (39) Accrued liabilities Receive USD/pay NZD ​ 1,247 ​ (11) Accrued liabilities Receive USD/pay DKK ​ 1,367 ​ (3) Accrued liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under ​ Notional ​ Fair ​ ​ 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 ​ The net gains on derivative instruments in the condensed consolidated statements of income were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain ​ Three-months ended hedging instruments under ​ recognized in income on ​ September 30, ​ September 30, ASC 815-20 derivatives 2020 2019 Foreign currency exchange contracts Interest and other (expense) income, net ​ $ 260 ​ $ 627 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain ​ Nine-months ended hedging instruments under ​ recognized in income on ​ September 30, ​ September 30, ASC 815-20 derivatives 2020 2019 Foreign currency exchange contracts Interest and other (expense) income, net ​ $ 4,318 ​ $ 475 ​

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2020
INVENTORIES
INVENTORIES	8. INVENTORIES ​ Inventories consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ 2020 2019 Raw materials ​ $ 150,123 ​ $ 134,885 Finished goods ​ 168,833 ​ 225,846 ​ ​ $ 318,956 ​ $ 360,731 ​

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	9 Months Ended
	Sep. 30, 2020
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET	9. PROPERTY AND EQUIPMENT, NET ​ Property and equipment consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2020 2019 Land ​ $ 85,512 ​ $ 78,275 Leasehold improvements ​ 12,789 ​ 10,417 Furniture and fixtures ​ 8,297 ​ 8,426 Office and computer equipment ​ 20,723 ​ 22,766 Computer software ​ 5,847 ​ 4,450 Equipment ​ 206,151 ​ 214,293 Buildings ​ 143,221 ​ 126,338 Vehicles ​ 41,575 ​ 41,109 ​ ​ 524,115 ​ 506,074 Less: accumulated depreciation and amortization ​ (219,428) ​ (207,434) ​ ​ $ 304,687 ​ $ 298,640 ​ Total depreciation and amortization expense recorded was $11.7 million and $11.6 million for the three-months ended September 30, 2020 and 2019, respectively. Total depreciation and amortization expense recorded was $36.4 million and $36.3 million for the nine-months ended September 30, 2020 and 2019, respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2020
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS	10. GOODWILL AND OTHER INTANGIBLE ASSETS ​ The following is a roll-forward of goodwill for the nine-months ended September 30, 2020 and September 30, 2019 by reportable segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2019 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at September 30, 2020 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2018 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at September 30, 2019 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​ Intangible assets consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2020 ​ 2019 Amortizing intangibles ​ $ 66,953 ​ $ 66,949 Accumulated amortization ​ (55,674) ​ (49,128) ​ ​ 11,279 ​ 17,821 Non-amortizing intangibles ​ 1,048,258 ​ 1,034,284 ​ ​ $ 1,059,537 ​ $ 1,052,105 ​ 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 seven ​ The following is the future estimated amortization expense related to amortizing intangibles as of September 30, 2020: ​ ​ ​ ​ ​ 2020 (excluding the nine-months ended September 30, 2020) ​ $ 1,126 2021 ​ ​ 4,429 2022 ​ ​ 4,405 2023 ​ ​ 1,111 2024 ​ ​ 13 2025 and thereafter ​ ​ 195 ​ ​ $ 11,279 ​

DISTRIBUTION AGREEMENTS

DISTRIBUTION AGREEMENTS	9 Months Ended
	Sep. 30, 2020
DISTRIBUTION AGREEMENTS
DISTRIBUTION AGREEMENTS	11 ​ In accordance with ASC 420, the Company expenses distributor termination costs in the period in which the written notification of termination occurs. The Company incurred no termination costs for the three- months ended September 30, 2020 and 2019. The Company incurred termination costs of $0.2 million and $11.0 million for the nine-months ended September 30, 2020 and 2019, respectively. ​ In the normal course of business, amounts received pursuant to new and/or amended distribution agreements entered into with certain bottlers/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 $10.5 million and $10.7 million for the three- months ended September 30, 2020 and 2019, respectively. Revenue recognized was $31.6 million and $35.6 million for the nine-months ended September 30, 2020 and 2019, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2020
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES ​ The Company had purchase commitments aggregating approximately $62.2 million at September 30, 2020, which represented commitments made by the Company and its subsidiaries to various suppliers of raw materials for the production of its products. These obligations vary in terms, but are generally satisfied within one year. ​ The Company had contractual obligations aggregating approximately $142.2 million at September 30, 2020, which related primarily to sponsorships and other marketing activities. ​ In February 2018, the working capital line limit for the Company’s credit facility with HSBC Bank (China) Company Limited, Shanghai Branch, was increased from $9.0 million to $15.0 million. At September 30, 2020, the interest rate on borrowings under the line of credit was 5.5%. As of September 30, 2020, the Company had no amounts outstanding on this line of credit. ​ Litigation ​ On September 18, 2020, a derivative complaint was filed on purported behalf of the Company in the United States District Court for the Central District of California. The action is styled Falat v. Sacks, et al., ​ The derivative complaint alleges, among other things, that the Individual Defendants breached their fiduciary duties to the Company by allowing others to cause, or themselves causing, the Company to hide discrimination and failing to ensure sufficient diversity, including by permitting conduct to occur that was inconsistent with statements made in the Company's policies and disclosures, and failing to ensure the Company's compliance with laws regarding diversity and anti-discrimination. The complaint also asserts claims for abuse of control, unjust enrichment and violation of Section 14(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The complaint seeks from the Individual Defendants an unspecified amount of damages, restitution, punitive damages and costs to be paid to the Company, and seeks to require the Company to adopt corporate governance reforms, and other equitable relief. ​ The Company believes that the action should be dismissed because the plaintiff failed to make a demand on the Company as required by Federal Rule of Civil Procedure 23.1 or to show that demand would have been futile. The Company also understands that the Individual Defendants intend to file a motion to dismiss the complaint for failure to state a claim, among other reasons. While the Company continues to evaluate these claims, management believes that such litigation 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 September 30, 2020, the Company’s condensed consolidated balance sheet included accrued loss contingencies of approximately $16.6 million.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
	Sep. 30, 2020
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS	13. ACCUMULATED OTHER COMPREHENSIVE LOSS ​ Changes in accumulated other comprehensive loss (income) by component, after tax, for the nine-months ended September 30, 2020 and 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency (Gains) Losses ​ ​ ​ ​ Translation ​ on Available-for- ​ ​ ​ ​ ​ Losses ​ Sale Securities ​ Total Balance at December 31, 2019 ​ $ 32,581 ​ $ (194) ​ $ 32,387 Other comprehensive loss (income) before reclassifications ​ 338 ​ ​ (196) ​ ​ 142 Amounts reclassified from accumulated other comprehensive loss (income) ​ — ​ ​ — ​ ​ — Net current-period other comprehensive loss (income) ​ 338 ​ ​ (196) ​ ​ 142 Balance at September 30, 2020 ​ $ 32,919 ​ $ (390) ​ $ 32,529 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency ​ (Gains) Losses ​ ​ ​ ​ Translation on Available-for- ​ ​ ​ ​ Losses ​ Sale Securities ​ Total Balance at December 31, 2018 ​ $ 32,775 ​ $ 89 ​ $ 32,864 Other comprehensive loss (income) before reclassifications ​ 10,586 ​ ​ (367) ​ ​ 10,219 Amounts reclassified from accumulated other comprehensive loss (income) ​ — ​ ​ — ​ ​ — Net current-period other comprehensive loss (income) ​ 10,586 ​ ​ (367) ​ ​ 10,219 Balance at September 30, 2019 ​ $ 43,361 ​ $ (278) ​ $ 43,083 ​

TREASURY STOCK

TREASURY STOCK	9 Months Ended
	Sep. 30, 2020
TREASURY STOCK
TREASURY STOCK	14. TREASURY STOCK ​ On March 13, 2020, 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 “March 2020 Repurchase Plan”). During the three- months ended September 30, 2020, no shares were purchased by the Company under the March 2020 Repurchase Plan. As of November 6, 2020, $441.5 million remained available for repurchase under the March 2020 Repurchase Plan. ​ During the three- months ended September 30, 2020, 1,779 shares of common stock were purchased from employees in lieu of cash payments for options exercised or withholding taxes due for a total amount of $0.1 million. While such purchases are considered common stock repurchases, they are not counted as purchases against our authorized share repurchase programs. Such shares are included in common stock in treasury in the accompanying condensed consolidated balance sheet at September 30, 2020.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2020
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 September 30, 2020: (i) the Monster Beverage Corporation 2020 Omnibus Incentive Plan (the "2020 Omnibus Incentive Plan"), which includes the Monster Beverage Corporation Deferred Compensation Plan as a sub plan thereunder, and (ii) the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors, which includes the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors as a sub plan thereunder. The 2020 Omnibus Incentive Plan was approved by the Board of Directors on April 14, 2020 and approved by the stockholders of the Company at the annual meeting of the Company's stockholders held on June 3, 2020 (the "Effective Date"). The 2020 Omnibus Incentive Plan replaced the Monster Beverage Corporation 2011 Omnibus Incentive Plan (the "2011 Omnibus Incentive Plan"). ​ The 2020 Omnibus Incentive Plan provides for the granting of stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards, and other share-based awards up to an aggregate of 46,169,367 shares of the Company's common stock, comprised of 32,000,000 new shares of common stock reserved under the 2020 Omnibus Incentive Plan and 14,169,367 shares of common stock that were available for grant under the 2011 Omnibus Incentive Plan as of December 31, 2019 and prior to the Effective Date. Shares authorized under the 2020 Omnibus Incentive Plan are reduced by one (1) share for options or stock appreciation rights granted under the 2020 Omnibus Incentive Plan and for any grants after December 31, 2019 under the 2011 Omnibus Incentive Plan, and by 2.6 shares for each share granted or issued with respect to a Full Value Award under either the 2020 Omnibus Incentive Plan or for any shares granted after December 31, 2019 under 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 2020 Omnibus Incentive Plan may be incentive stock options under Section 422 of the Internal Revenue Code, as amended, or non-qualified stock options. ​ Shares previously granted under the 2011 Omnibus Incentive Plan after December 31, 2019 and prior to the Effective Date of the 2020 Omnibus Incentive Plan reduced the number of shares available for grant under the 2020 Omnibus Incentive Plan. As of September 30, 2020, 1,401,750 shares of the Company's common stock have been granted, net of cancellations, and 44,181,623 shares (as adjusted for Full Value Awards) of the Company's common stock remain available for grant under the 2020 Omnibus Incentive Plan. ​ 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. Each of the Compensation Committee and the Executive Committee of the Board of Directors (the "Executive Committee") independently has the authority to grant stock awards to new hires and employees receiving a promotion 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 2020 Omnibus Incentive Plan generally vest over a three three ​ The Company recorded $19.5 million and $16.0 million of compensation expense relating to outstanding options, restricted stock units, performance share units and other share-based awards during the three- months ended September 30, 2020 and 2019, respectively. The Company recorded $53.0 million and $46.9 million of compensation expense relating to outstanding options, restricted stock units, performance share units and other share-based awards during the nine- months ended September 30, 2020 and 2019, 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 and performance share units for the three- months ended September 30, 2020 and 2019 was $3.5 million and $0.5 million, 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 and performance share units for the nine-months ended September 30, 2020 and 2019 was $9.2 million and $26.7 million, respectively. ​ Stock Options ​ Under the Company’s stock-based compensation plans, all stock options granted as of September 30, 2020 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 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 uses historical data to determine the exercise behavior, volatility and forfeiture rate of the options. ​ The following weighted-average assumptions were used to estimate the fair value of options granted during: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, ​ Nine-Months Ended September 30, ​ ​ ​ 2020* 2019 2020 2019 ​ Dividend yield ​ — ​ 0.0 % 0.0 % 0.0 % Expected volatility ​ — ​ 30.2 % 30.5 % 30.2 % Risk-free interest rate ​ — ​ 1.4 % 0.7 % 2.4 % Expected term ​ — ​ 5.8 years 5.8 years 6.0 years ​ * No options were granted during the three-months ended September 30, 2020. ​ 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, 2020 14,941 ​ $ 42.88 6.3 ​ $ 308,884 Granted 01/01/20 - 03/31/20 1,027 ​ $ 62.45 ​ ​ ​ ​ ​ Granted 04/01/20 - 06/30/20 — ​ $ — ​ ​ ​ ​ ​ Granted 07/01/20 - 09/30/20 — ​ $ — ​ ​ ​ ​ ​ Exercised (1,711) ​ $ 38.30 ​ ​ ​ ​ ​ Cancelled or forfeited (53) ​ $ 52.91 ​ ​ ​ ​ ​ Outstanding at September 30, 2020 14,204 ​ $ 44.81 6.0 ​ $ 502,732 Vested and expected to vest in the future at September 30, 2020 13,594 ​ $ 44.23 5.9 ​ $ 488,969 Exercisable at September 30, 2020 8,174 ​ $ 36.97 4.7 ​ $ 353,333 ​ No options were granted during the three-months ended September 30, 2020. The weighted-average grant-date fair value of options granted during the three-months ended September 30, 2019 was $18.32 per share. The weighted-average grant-date fair value of options granted during the nine-months ended September 30, 2020 and 2019 was $18.78 per share and $20.24 per share, respectively. ​ The total intrinsic value of options exercised during the three- months ended September 30, 2020 and 2019 was $22.5 million and $2.4 million, respectively. The total intrinsic value of options exercised during the nine-months ended September 30, 2020 and 2019 was $58.8 million and $213.8 million, respectively. ​ Cash received from option exercises under all plans for the three- months ended September 30, 2020 and 2019 was $21.7 million and $4.1 million, respectively. Cash received from option exercises under all plans for the nine-months ended September 30, 2020 and 2019 was $65.5 million and $85.2 million, respectively. ​ At September 30, 2020, there was $68.6 million of total unrecognized compensation expense related to non-vested options granted to employees under the Company’s stock-based compensation plans. That cost is expected to be recognized over a weighted-average period of 2.3 years. ​ Restricted Stock Units and Performance Share Units ​ The cost of stock-based compensation for restricted stock units and performance share 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 or performance share 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 and performance share units as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average ​ ​ Shares (in ​ Grant-Date ​ thousands) Fair Value Non-vested at January 1, 2020 ​ 825 ​ $ 57.62 Granted 01/01/20 - 03/31/20 1 ​ 392 ​ $ 62.39 Granted 04/01/20 - 06/30/20 ​ 17 ​ $ 71.72 Granted 07/01/20 - 09/30/20 ​ 1 ​ $ 71.76 Vested ​ (287) ​ $ 55.65 Forfeited/cancelled ​ (2) ​ $ 59.67 Non-vested at September 30, 2020 ​ 946 ​ $ 60.46 ​ 1 The grant activity for performance share units is recorded based on the target performance level earning 100% of target performance share units. The actual number of performance share units earned could range from 0% to 200% of target dependent on the pre-established performance goals. ​ The weighted-average grant-date fair value of restricted stock units granted during the three-months ended September 30, 2020 and 2019 was $71.76 per share and $66.00 per share, respectively. No performance share units were granted during the three-months ended September 30, 2020 and 2019. The weighted-average grant-date fair value of restricted stock units and performance share units granted during the nine-months ended September 30, 2020 was $62.79 per share. The weighted-average grant-date fair value of restricted stock units granted during the nine-months ended September 30, 2019 was $59.79 per share. No performance share units were granted during the nine- months ended September 30, 2019. ​ As of September 30, 2020, 0.8 million of restricted stock units and performance share units are expected to vest over their respective terms. ​ At September 30, 2020, total unrecognized compensation expense relating to non-vested restricted stock units and performance share units was $38.1 million, which is expected to be recognized over a weighted-average period of 2.4 years. ​ Other Share-Based Awards ​ The Company has granted other share-based awards to certain employees that are payable in cash. These awards are classified as liabilities and are valued based on the fair value of the award at the grant date and are remeasured at each reporting date until settlement with compensation expense being recognized in proportion to the completed requisite service period up until date of settlement. At September 30, 2020, other share-based awards outstanding included grants that vest over three years payable in the first quarters of 2022 and 2023. ​ At September 30, 2020, there was $2.7 million of total unrecognized compensation expense related to nonvested other share-based awards granted to employees under the Company's stock-based compensation plans. That cost is expected to be recognized over a weighted-average period of 1.8 years.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2020
INCOME TAXES
INCOME TAXES	16. INCOME TAXES ​ The following is a roll-forward of the Company’s total gross unrecognized tax benefits, not including interest and penalties, for the nine-months ended September 30, 2020: ​ ​ ​ ​ ​ ​ Gross Unrecognized Tax ​ ​ Benefits Balance at December 31, 2019 ​ $ 2,993 Additions for tax positions related to the current year ​ — Additions for tax positions related to the prior years ​ — Decreases related to settlement with taxing authority ​ — Balance at September 30, 2020 ​ $ 2,993 ​ The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes in the Company’s condensed consolidated financial statements. As of September 30, 2020, the Company had approximately $0.5 million in accrued interest and penalties related to unrecognized tax benefits. If the Company were to prevail on all uncertain tax positions, the resultant impact on the Company’s effective tax rate would not be significant. It is expected that any change in the amount of unrecognized tax benefits within the next 12 months will not be significant. ​ The Company is subject to U.S. federal income tax as well as to income tax in multiple state and foreign jurisdictions. ​ 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 2019 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 2015 through 2019 tax years.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2020
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 is presented below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ ​ 2020 2019 2020 2019 Weighted-average shares outstanding: ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ 527,637 544,469 530,194 543,804 Dilutive ​ 5,626 3,953 4,817 4,583 Diluted ​ 533,263 548,422 535,011 548,387 ​ For the three- months ended September 30, 2020 and 2019, options and awards outstanding totaling 0.6 million shares and 4.7 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive. For the nine-months ended September 30, 2020 and 2019, options and awards outstanding totaling 4.2 million shares and 4.3 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2020
SEGMENT INFORMATION
SEGMENT INFORMATION	18. SEGMENT INFORMATION ​ The Company has three operating ​ The Company’s Monster Energy® Drinks segment primarily generates net operating revenues by selling ready-to-drink packaged drinks primarily to bottlers/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/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/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 three- and nine-months ended September 30, 2020 and 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ ​ 2020 2019 2020 2019 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks⁽¹⁾ ​ $ 1,163,419 ​ $ 1,061,383 ​ $ 3,183,559 ​ $ 2,950,877 Strategic Brands ​ 74,325 ​ 66,333 ​ 198,429 ​ 215,763 Other ​ 8,618 ​ 5,861 ​ 20,367 ​ 16,973 Corporate and unallocated ​ — ​ — ​ — ​ — ​ ​ $ 1,246,362 ​ $ 1,133,577 ​ $ 3,402,355 ​ $ 3,183,613 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Operating Income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks⁽¹⁾ ⁽²⁾ ​ $ 502,392 ​ $ 433,848 ​ $ 1,366,920 ​ $ 1,187,652 Strategic Brands ​ 43,875 ​ 35,107 ​ 118,287 ​ 130,762 Other ​ 2,368 ​ 1,005 ​ 4,780 ​ 3,026 Corporate and unallocated ​ (90,034) ​ (74,517) ​ (259,135) ​ (235,546) ​ ​ $ 458,601 ​ $ 395,443 ​ $ 1,230,852 ​ $ 1,085,894 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Income before tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks⁽¹⁾ ⁽²⁾ ​ $ 502,500 ​ $ 434,003 ​ $ 1,367,096 ​ $ 1,187,916 Strategic Brands ​ 43,876 ​ 35,106 ​ 118,287 ​ 130,758 Other ​ 2,368 ​ 1,005 ​ 4,780 ​ 3,031 Corporate and unallocated ​ (94,711) ​ (71,550) ​ (264,802) ​ (226,976) ​ ​ $ 454,033 ​ $ 398,564 ​ $ 1,225,361 ​ $ 1,094,729 ​ (1) Includes $10.5 million and $10.7 million for the three-months ended September 30, 2020 and 2019, respectively, related to the recognition of deferred revenue. Includes $31.6 million and $35.6 million for the nine-months ended September 30, 2020 and 2019, respectively, related to the recognition of deferred revenue. (2) The three-months ended September 30, 2020 and 2019 includes no distributor termination costs. Includes $0.2 million and $11.0 million for the nine-months ended September 30, 2020 and 2019, respectively, related to distributor termination costs. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 8,713 ​ $ 9,319 ​ $ 27,687 ​ $ 29,449 Strategic Brands ​ 227 ​ 1,990 ​ 3,932 ​ 5,925 Other ​ 1,136 ​ 1,162 ​ 3,495 ​ 3,475 Corporate and unallocated ​ 2,741 ​ 2,050 ​ 7,794 ​ 6,172 ​ ​ $ 12,817 ​ $ 14,521 ​ $ 42,908 ​ $ 45,021 ​ Corporate and unallocated expenses for the three- months ended September 30, 2020 include $61.7 million of payroll costs, of which $19.2 million was attributable to stock-based compensation expenses (see Note 15 "Stock-Based Compensation"), as well as $16.7 million attributable to professional service expenses, including accounting and legal costs, and $11.6 million of other operating expenses. Corporate and unallocated expenses for the three-months ended September 30, 2019 include $50.1 million of payroll costs, of which $16.0 million was attributable to stock-based compensation expenses (see Note 15 "Stock-Based Compensation"), as well as $13.3 million attributable to professional service expenses, including accounting and legal costs, and $11.1 million of other operating expenses. ​ Corporate and unallocated expenses for the nine-months ended September 30, 2020 include $173.5 million of payroll costs, of which $52.7 million was attributable to stock-based compensation expenses (see Note 15 "Stock-Based Compensation"), as well as $50.1 million attributable to professional service expenses, including accounting and legal costs, and $35.5 million of other operating expenses. Corporate and unallocated expenses for the nine-months ended September 30, 2019 include $151.0 million of payroll costs, of which $46.9 million was attributable to stock-based compensation expenses (see Note 15 "Stock-Based Compensation"), as well as $49.2 million attributable to professional service expenses, including accounting and legal costs, and $35.3 million of other operating expenses. ​ Coca-Cola Consolidated, Inc. accounted for approximately 12% and 13% of the Company’s net sales for the three- months ended September 30, 2020 and 2019, respectively. Coca-Cola Consolidated, Inc. accounted for approximately 12% and 13% of the Company's net sales for the nine- months ended September 30, 2020 and 2019, respectively. ​ Reyes Coca-Cola Bottling, LLC accounted for approximately 11% and 12% of the Company’s net sales for the three- months ended September 30, 2020 and 2019, respectively. Reyes Coca-Cola Bottling, LLC accounted for approximately 11% and 12% of the Company's net sales for the nine-months ended September 30, 2020 and 2019 , respectively. ​ Coca-Cola European Partners accounted for approximately 11% and 10% of the Company’s net sales for the three- months ended September 30, 2020 and 2019, respectively. Coca-Cola European Partners accounted for approximately 10% of the Company's net sales for both the nine- months ended September 30, 2020 and 2019. ​ Net sales to customers outside the United States amounted to $444.5 million and $379.8 million for the three- months ended September 30, 2020 and 2019, respectively. Such sales were approximately 36% and 34% of net sales for the three- months ended September 30, 2020 and 2019, respectively. Net sales to customers outside the United States amounted to $1.13 billion and $1.01 billion for the nine-months ended September 30, 2020 and 2019, respectively. Such sales were approximately 33% and 32% of net sales for the nine-months ended September 30, 2020 and 2019, respectively. ​ Goodwill and other intangible assets for the Company’s reportable segments as of September 30, 2020 and December 31, 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ 2020 2019 Goodwill and other intangible assets: ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 1,404,754 ​ $ 1,384,940 Strategic Brands ​ 975,392 ​ 984,393 Other ​ 11,034 ​ 14,415 Corporate and unallocated ​ — ​ — ​ ​ $ 2,391,180 ​ $ 2,383,748 ​

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2020
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	19. RELATED PARTY TRANSACTIONS ​ TCCC controls approximately 19.3% of the voting interests of the Company. The TCCC Subsidiaries, the TCCC Related Parties and certain TCCC independent bottlers/distributors, 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, were $15.7 million and $11.6 million for the three-months ended September 30, 2020 and 2019, respectively, and are included as a reduction to net sales. TCCC commissions, based on sales to the TCCC Subsidiaries and the TCCC Related Parties, were $37.7 million and $39.5 million for the nine-months ended September 30, 2020 and 2019, respectively, and are included as a reduction to net sales. ​ TCCC commissions, based on sales to certain TCCC independent bottlers/distributors, were $5.5 million and $4.7 million for the three-months ended September 30, 2020 and 2019, respectively, and are included in operating expenses. TCCC commissions, based on sales to certain TCCC independent bottlers/distributors, were $15.2 million and $13.6 million for the nine-months ended September 30, 2020 and 2019, respectively, and are included in operating expenses. ​ Net sales to the TCCC Subsidiaries for the three-months ended September 30, 2020 and 2019 were $21.5 million and $21.0 million, respectively. Net sales to the TCCC Subsidiaries for the nine-months ended September 30, 2020 and 2019 were $55.2 million and $59.5 million, respectively. ​ The Company also purchases concentrates from TCCC which are then sold to certain of the Company’s bottlers/distributors. Concentrate purchases from TCCC were $6.8 million and $6.3 million for the three-months ended September 30, 2020 and 2019, respectively. Concentrate purchases from TCCC were $17.6 million and $20.2 million for the nine-months ended September 30, 2020 and 2019, respectively. ​ Certain TCCC Subsidiaries also contract manufacture certain of the Company’s energy drinks. Such contract manufacturing expenses were $5.1 million and $4.2 million for the three- months ended September 30, 2020 and 2019, respectively. Such contract manufacturing expenses were $11.3 million and $13.1 million for the nine-months ended September 30, 2020 and 2019, respectively. ​ Accounts receivable, accounts payable, accrued promotional allowances and accrued liabilities related to the TCCC Subsidiaries are as follows at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Accounts receivable, net ​ $ 47,552 ​ $ 21,670 Accounts payable ​ $ (25,832) ​ $ (18,217) Accrued promotional allowances ​ $ (4,911) ​ $ (5,321) Accrued liabilities ​ $ (32,615) ​ $ — ​ One director of the Company through certain trusts, and a family member of one director, are principal owners of a company that provides promotional materials to the Company. Expenses incurred with such company in connection with promotional materials purchased during the three-months ended September 30, 2020 and 2019 were $0.4 million and $0.5 million, respectively. Expenses incurred with such company in connection with promotional materials purchased during the nine-months ended September 30, 2020 and 2019 were $1.9 million and $1.1 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. During the three-months ended September 30, 2020, the Company recorded an equity loss of $0.04 million. During the nine-months ended September 30, 2020, the Company recorded an equity loss of $0.3 million.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2020
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	20. SUBSEQUENT EVENTS ​ In October 2020, the Company completed an intra-entity transfer of intangible assets between certain of the Company’s foreign subsidiaries to better align its international structure with its expanding operations. As a result, the Company’s fourth quarter 2020 provision for income taxes will be materially impacted. The transfer resulted in a step-up of the tax-deductible basis in the transferred assets, and created a temporary difference between the tax basis and book basis of such intangible assets. The Company will recognize deferred tax assets of approximately $165.0 million, with a corresponding reduction to the provision for income taxes during the fourth quarter of 2020 in its consolidated financial statements. The tax deductions for the amortization of the deferred tax assets will be recognized in the future and any amortization not deducted for tax purposes will be carried forward indefinitely. The tax impact on the foreign subsidiary transferor was not material.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	9 Months Ended
	Sep. 30, 2020
REVENUE RECOGNITION
Schedule of disaggregation of revenue by geographical markets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks ​ $ 786,960 ​ $ 206,947 ​ $ 120,589 ​ $ 48,924 ​ $ 1,163,420 Strategic Brands ​ 46,005 ​ 19,192 ​ 6,658 ​ 2,469 ​ 74,324 Other ​ 8,618 ​ — ​ — ​ — ​ 8,618 Total Net Sales ​ $ 841,583 ​ $ 226,139 ​ $ 127,247 ​ $ 51,393 ​ $ 1,246,362 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ and ​ ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks ​ $ 737,457 ​ $ 178,569 ​ $ 97,153 ​ $ 48,205 ​ $ 1,061,384 Strategic Brands ​ ​ 43,205 ​ ​ 16,673 ​ ​ 6,243 ​ ​ 212 ​ ​ 66,333 Other ​ ​ 5,860 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,860 Total Net Sales ​ $ 786,522 ​ $ 195,242 ​ $ 103,396 ​ $ 48,417 ​ $ 1,133,577 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months Ended September 30, 2020 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 2,223,925 ​ $ 501,639 ​ $ 319,325 ​ $ 138,671 ​ $ 3,183,560 Strategic Brands ​ ​ 125,030 ​ ​ 52,333 ​ ​ 17,161 ​ ​ 3,904 ​ ​ 198,428 Other ​ ​ 20,367 ​ ​ — ​ ​ — ​ ​ — ​ ​ 20,367 Total Net Sales ​ $ 2,369,322 ​ $ 553,972 ​ $ 336,486 ​ $ 142,575 ​ $ 3,402,355 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months Ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 2,118,835 ​ $ 458,655 ​ $ 242,561 ​ $ 130,826 ​ $ 2,950,877 Strategic Brands ​ ​ 132,375 ​ ​ 62,374 ​ ​ 20,024 ​ ​ 990 ​ ​ 215,763 Other ​ ​ 16,973 ​ ​ — ​ ​ — ​ ​ — ​ ​ 16,973 Total Net Sales ​ $ 2,268,183 ​ $ 521,029 ​ $ 262,585 ​ $ 131,816 ​ $ 3,183,613 ​ 1 Europe, Middle East and Africa (“EMEA”) ​

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2020
LEASES
Schedule of lease cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months ​ Three-Months ​ Nine-Months ​ Nine-Months ​ ​ Ended September 30, ​ Ended September 30, ​ Ended September 30, ​ Ended September 30, ​ 2020 2019 2020 2019 Operating lease cost ​ $ 1,161 ​ $ 1,223 ​ $ 3,499 ​ $ 3,548 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term lease cost ​ 856 ​ 993 ​ 2,440 ​ 2,552 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable lease cost ​ 242 ​ 168 ​ 564 ​ 503 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ 177 ​ 172 ​ 511 ​ 346 Interest on lease liabilities ​ 9 ​ 13 ​ 34 ​ 43 Finance lease cost ​ 186 ​ 185 ​ 545 ​ 389 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total lease cost ​ $ 2,445 ​ $ 2,569 ​ $ 7,048 ​ $ 6,992 ​
Schedule of supplemental cash flow information for leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months ​ Nine-Months ​ ​ Ended September 30, ​ Ended September 30, ​ 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash outflows from operating leases ​ $ 3,081 ​ $ 3,026 Operating cash outflows from finance leases ​ ​ 33 ​ ​ 43 Financing cash outflows from finance leases ​ ​ 2,500 ​ ​ 1,497 ​ ​ ​ ​ ​ ​ ​ ROU assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ Finance leases ​ ​ 2,231 ​ ​ 2,499 Operating leases ​ ​ 2,117 ​ ​ 27,965 ​
Schedule of ROU assets for operating and finance leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ ​ ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases ​ $ 22,783 ​ $ 214 ​ $ 22,997 ​ Other Assets Finance leases ​ — ​ 2,781 ​ 2,781 ​ Property and Equipment, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ 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
Summary of operating and finance lease liabilities recognized in the condensed consolidated balance sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ ​ Operating Leases Finance Leases Accrued liabilities $ 2,982 ​ $ 1,214 Other liabilities ​ 17,535 ​ — Total ​ $ 20,517 ​ $ 1,214 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ Operating Leases Finance Leases Accrued liabilities $ 2,812 $ 1,485 Other liabilities ​ 25,651 ​ — Total ​ $ 28,463 ​ $ 1,485
Schedule of weighted-average remaining lease term and weighted-average discount rate	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ ​ ​ Operating Leases Finance Leases Weighted-average remaining lease term (years) ​ 9.7 0.6 ​ Weighted-average discount rate ​ 3.6 % 2.1 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ 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 and finance leases	​ ​ ​ ​ ​ ​ ​ ​ ​ Undiscounted Future Lease Payments ​ ​ Operating Leases Finance Leases 2020 (excluding the nine-months ended September 30, 2020) ​ $ 811 ​ $ 588 2021 ​ 3,573 ​ 633 2022 ​ 2,898 ​ — 2023 ​ 2,185 ​ — 2024 ​ 1,890 ​ — 2025 and thereafter ​ 13,188 ​ — Total lease payments ​ 24,545 ​ 1,221 Less imputed interest ​ (4,028) ​ (7) Total ​ $ 20,517 ​ $ 1,214 ​

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2020
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 September 30, 2020 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 91,445 ​ $ — ​ $ — ​ $ 91,445 ​ $ — ​ $ — Certificates of deposit ​ ​ 19,959 ​ ​ — ​ ​ — ​ ​ 19,959 ​ ​ — ​ ​ — U.S. government agency securities ​ 66,435 ​ 21 ​ 3 ​ 66,453 ​ 3 ​ — U.S. treasuries ​ ​ 421,093 ​ ​ 398 ​ ​ 22 ​ ​ 421,469 ​ ​ 22 ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency securities ​ ​ 10,205 ​ ​ — ​ ​ 1 ​ ​ 10,204 ​ ​ 1 ​ ​ — U.S. treasuries ​ ​ 10,370 ​ ​ — ​ ​ 3 ​ ​ 10,367 ​ ​ 3 ​ ​ — Total ​ $ 619,507 ​ $ 419 ​ $ 29 ​ $ 619,897 ​ $ 29 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ — ​ ​
Summary of the underlying contractual maturities of investments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ December 31, 2019 ​ Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 91,445 ​ $ 91,445 $ 83,478 ​ $ 83,478 Municipal securities ​ — ​ — 147,983 ​ 148,108 U.S. government agency securities ​ 66,435 ​ 66,453 40,620 ​ 40,590 Certificates of deposit ​ 19,959 ​ 19,959 28,049 ​ 28,049 U.S. treasuries ​ ​ 421,093 ​ ​ 421,469 ​ ​ 211,055 ​ ​ 211,158 Due 1 -10 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ — ​ — 1,562 ​ 1,561 U.S. treasuries ​ ​ 10,370 ​ ​ 10,367 ​ ​ 6,077 ​ ​ 6,078 U.S. government agency securities ​ 10,205 ​ 10,204 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 Due 31 - 40 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ ​ — ​ ​ — ​ ​ 2,004 ​ ​ 2,004 Total ​ $ 619,507 ​ $ 619,897 $ 545,771 ​ $ 545,968

FAIR VALUE OF CERTAIN FINANCI_2

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2020
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Schedule of financial assets and liabilities recorded at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 Level 1 Level 2 Level 3 Total Cash ​ $ 719,429 ​ $ — ​ $ — ​ $ 719,429 Money market funds ​ 319,984 ​ — ​ — ​ 319,984 Certificates of deposit ​ ​ — ​ ​ 19,959 ​ ​ — ​ ​ 19,959 Commercial paper ​ — ​ 91,445 ​ — ​ 91,445 U.S. government agency securities ​ — ​ 76,657 ​ — ​ 76,657 U.S. treasuries ​ ​ — ​ ​ 467,153 ​ ​ — ​ ​ 467,153 Foreign currency derivatives ​ — ​ (770) ​ — ​ (770) Total ​ $ 1,039,413 ​ $ 654,444 ​ $ — ​ $ 1,693,857 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,039,413 ​ $ 35,317 ​ $ — ​ $ 1,074,730 Short-term investments ​ — ​ 599,326 ​ — ​ 599,326 Accounts receivable, net ​ — ​ 185 ​ — ​ 185 Investments ​ — ​ 20,571 ​ — ​ 20,571 Accrued liabilities ​ — ​ (955) ​ — ​ (955) Total ​ $ 1,039,413 ​ $ 654,444 ​ $ — ​ $ 1,693,857 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2020
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of notional amount and fair value of all outstanding foreign currency derivative instruments in the condensed consolidated balance sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under ​ Notional ​ Fair ​ ​ ASC 815-20 Amount Value Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive SGD/pay USD ​ $ 13,748 ​ $ 90 ​ Accounts receivable, net Receive RSD/pay USD ​ ​ 14,253 ​ ​ 63 ​ Accounts receivable, net Receive NOK/pay USD ​ ​ 2,579 ​ ​ 32 ​ Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 51,990 ​ $ (282) ​ Accrued liabilities Receive USD/pay EUR ​ 35,815 ​ (182) Accrued liabilities Receive USD/pay RUB ​ 9,343 ​ (162) ​ Accrued liabilities Receive USD/pay AUD ​ ​ 9,448 ​ ​ (145) ​ Accrued liabilities Receive USD/pay CNY ​ ​ 11,915 ​ ​ (70) ​ Accrued liabilities Receive USD/pay COP ​ 4,670 ​ (61) Accrued liabilities Receive USD/pay ZAR ​ 1,542 ​ (39) Accrued liabilities Receive USD/pay NZD ​ 1,247 ​ (11) Accrued liabilities Receive USD/pay DKK ​ 1,367 ​ (3) Accrued liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under ​ Notional ​ Fair ​ ​ 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 ​
Schedule of net gains on derivative instruments in the condensed consolidated statements of income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain ​ Three-months ended hedging instruments under ​ recognized in income on ​ September 30, ​ September 30, ASC 815-20 derivatives 2020 2019 Foreign currency exchange contracts Interest and other (expense) income, net ​ $ 260 ​ $ 627 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain ​ Nine-months ended hedging instruments under ​ recognized in income on ​ September 30, ​ September 30, ASC 815-20 derivatives 2020 2019 Foreign currency exchange contracts Interest and other (expense) income, net ​ $ 4,318 ​ $ 475

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2020
INVENTORIES
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ 2020 2019 Raw materials ​ $ 150,123 ​ $ 134,885 Finished goods ​ 168,833 ​ 225,846 ​ ​ $ 318,956 ​ $ 360,731

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	9 Months Ended
	Sep. 30, 2020
PROPERTY AND EQUIPMENT, NET
Schedule of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2020 2019 Land ​ $ 85,512 ​ $ 78,275 Leasehold improvements ​ 12,789 ​ 10,417 Furniture and fixtures ​ 8,297 ​ 8,426 Office and computer equipment ​ 20,723 ​ 22,766 Computer software ​ 5,847 ​ 4,450 Equipment ​ 206,151 ​ 214,293 Buildings ​ 143,221 ​ 126,338 Vehicles ​ 41,575 ​ 41,109 ​ ​ 524,115 ​ 506,074 Less: accumulated depreciation and amortization ​ (219,428) ​ (207,434) ​ ​ $ 304,687 ​ $ 298,640

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2020
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2019 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at September 30, 2020 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2018 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at September 30, 2019 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​
Schedule of intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2020 ​ 2019 Amortizing intangibles ​ $ 66,953 ​ $ 66,949 Accumulated amortization ​ (55,674) ​ (49,128) ​ ​ 11,279 ​ 17,821 Non-amortizing intangibles ​ 1,048,258 ​ 1,034,284 ​ ​ $ 1,059,537 ​ $ 1,052,105 ​
Schedule of future estimated amortization expense related to amortizing intangibles	The following is the future estimated amortization expense related to amortizing intangibles as of September 30, 2020: ​ ​ ​ ​ ​ 2020 (excluding the nine-months ended September 30, 2020) ​ $ 1,126 2021 ​ ​ 4,429 2022 ​ ​ 4,405 2023 ​ ​ 1,111 2024 ​ ​ 13 2025 and thereafter ​ ​ 195 ​ ​ $ 11,279

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
	Sep. 30, 2020
ACCUMULATED OTHER COMPREHENSIVE LOSS
Schedule of components of accumulated other comprehensive loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency (Gains) Losses ​ ​ ​ ​ Translation ​ on Available-for- ​ ​ ​ ​ ​ Losses ​ Sale Securities ​ Total Balance at December 31, 2019 ​ $ 32,581 ​ $ (194) ​ $ 32,387 Other comprehensive loss (income) before reclassifications ​ 338 ​ ​ (196) ​ ​ 142 Amounts reclassified from accumulated other comprehensive loss (income) ​ — ​ ​ — ​ ​ — Net current-period other comprehensive loss (income) ​ 338 ​ ​ (196) ​ ​ 142 Balance at September 30, 2020 ​ $ 32,919 ​ $ (390) ​ $ 32,529 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency ​ (Gains) Losses ​ ​ ​ ​ Translation on Available-for- ​ ​ ​ ​ Losses ​ Sale Securities ​ Total Balance at December 31, 2018 ​ $ 32,775 ​ $ 89 ​ $ 32,864 Other comprehensive loss (income) before reclassifications ​ 10,586 ​ ​ (367) ​ ​ 10,219 Amounts reclassified from accumulated other comprehensive loss (income) ​ — ​ ​ — ​ ​ — Net current-period other comprehensive loss (income) ​ 10,586 ​ ​ (367) ​ ​ 10,219 Balance at September 30, 2019 ​ $ 43,361 ​ $ (278) ​ $ 43,083

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2020
STOCK-BASED COMPENSATION
Schedule of weighted-average assumptions used to estimate the fair value of options granted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, ​ Nine-Months Ended September 30, ​ ​ ​ 2020* 2019 2020 2019 ​ Dividend yield ​ — ​ 0.0 % 0.0 % 0.0 % Expected volatility ​ — ​ 30.2 % 30.5 % 30.2 % Risk-free interest rate ​ — ​ 1.4 % 0.7 % 2.4 % Expected term ​ — ​ 5.8 years 5.8 years 6.0 years ​ * No options were granted during the three-months ended September 30, 2020. ​
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, 2020 14,941 ​ $ 42.88 6.3 ​ $ 308,884 Granted 01/01/20 - 03/31/20 1,027 ​ $ 62.45 ​ ​ ​ ​ ​ Granted 04/01/20 - 06/30/20 — ​ $ — ​ ​ ​ ​ ​ Granted 07/01/20 - 09/30/20 — ​ $ — ​ ​ ​ ​ ​ Exercised (1,711) ​ $ 38.30 ​ ​ ​ ​ ​ Cancelled or forfeited (53) ​ $ 52.91 ​ ​ ​ ​ ​ Outstanding at September 30, 2020 14,204 ​ $ 44.81 6.0 ​ $ 502,732 Vested and expected to vest in the future at September 30, 2020 13,594 ​ $ 44.23 5.9 ​ $ 488,969 Exercisable at September 30, 2020 8,174 ​ $ 36.97 4.7 ​ $ 353,333 ​ No options were granted during the three-months ended September 30, 2020. The weighted-average grant-date fair value of options granted during the three-months ended September 30, 2019 was $18.32 per share. The weighted-average grant-date fair value of options granted during the nine-months ended September 30, 2020 and 2019 was $18.78 per share and $20.24 per share, respectively.
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, 2020 ​ 825 ​ $ 57.62 Granted 01/01/20 - 03/31/20 1 ​ 392 ​ $ 62.39 Granted 04/01/20 - 06/30/20 ​ 17 ​ $ 71.72 Granted 07/01/20 - 09/30/20 ​ 1 ​ $ 71.76 Vested ​ (287) ​ $ 55.65 Forfeited/cancelled ​ (2) ​ $ 59.67 Non-vested at September 30, 2020 ​ 946 ​ $ 60.46

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2020
INCOME TAXES
Schedule of roll-forward of the total gross unrecognized tax benefits, not including interest and penalties	​ ​ ​ ​ ​ ​ Gross Unrecognized Tax ​ ​ Benefits Balance at December 31, 2019 ​ $ 2,993 Additions for tax positions related to the current year ​ — Additions for tax positions related to the prior years ​ — Decreases related to settlement with taxing authority ​ — Balance at September 30, 2020 ​ $ 2,993

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2020
EARNINGS PER SHARE
Schedule of reconciliation of the weighted average shares used in the basic and diluted earnings per common share computations	A reconciliation of the weighted-average shares used in the basic and diluted earnings per common share computations is presented below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ ​ 2020 2019 2020 2019 Weighted-average shares outstanding: ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ 527,637 544,469 530,194 543,804 Dilutive ​ 5,626 3,953 4,817 4,583 Diluted ​ 533,263 548,422 535,011 548,387

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2020
SEGMENT INFORMATION
Schedule of net revenues and other financial information by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ ​ 2020 2019 2020 2019 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks⁽¹⁾ ​ $ 1,163,419 ​ $ 1,061,383 ​ $ 3,183,559 ​ $ 2,950,877 Strategic Brands ​ 74,325 ​ 66,333 ​ 198,429 ​ 215,763 Other ​ 8,618 ​ 5,861 ​ 20,367 ​ 16,973 Corporate and unallocated ​ — ​ — ​ — ​ — ​ ​ $ 1,246,362 ​ $ 1,133,577 ​ $ 3,402,355 ​ $ 3,183,613 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Operating Income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks⁽¹⁾ ⁽²⁾ ​ $ 502,392 ​ $ 433,848 ​ $ 1,366,920 ​ $ 1,187,652 Strategic Brands ​ 43,875 ​ 35,107 ​ 118,287 ​ 130,762 Other ​ 2,368 ​ 1,005 ​ 4,780 ​ 3,026 Corporate and unallocated ​ (90,034) ​ (74,517) ​ (259,135) ​ (235,546) ​ ​ $ 458,601 ​ $ 395,443 ​ $ 1,230,852 ​ $ 1,085,894 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Income before tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks⁽¹⁾ ⁽²⁾ ​ $ 502,500 ​ $ 434,003 ​ $ 1,367,096 ​ $ 1,187,916 Strategic Brands ​ 43,876 ​ 35,106 ​ 118,287 ​ 130,758 Other ​ 2,368 ​ 1,005 ​ 4,780 ​ 3,031 Corporate and unallocated ​ (94,711) ​ (71,550) ​ (264,802) ​ (226,976) ​ ​ $ 454,033 ​ $ 398,564 ​ $ 1,225,361 ​ $ 1,094,729 ​ (1) Includes $10.5 million and $10.7 million for the three-months ended September 30, 2020 and 2019, respectively, related to the recognition of deferred revenue. Includes $31.6 million and $35.6 million for the nine-months ended September 30, 2020 and 2019, respectively, related to the recognition of deferred revenue. (2) The three-months ended September 30, 2020 and 2019 includes no distributor termination costs. Includes $0.2 million and $11.0 million for the nine-months ended September 30, 2020 and 2019, respectively, related to distributor termination costs. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 8,713 ​ $ 9,319 ​ $ 27,687 ​ $ 29,449 Strategic Brands ​ 227 ​ 1,990 ​ 3,932 ​ 5,925 Other ​ 1,136 ​ 1,162 ​ 3,495 ​ 3,475 Corporate and unallocated ​ 2,741 ​ 2,050 ​ 7,794 ​ 6,172 ​ ​ $ 12,817 ​ $ 14,521 ​ $ 42,908 ​ $ 45,021
Schedule of goodwill and other intangible assets for the reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ 2020 2019 Goodwill and other intangible assets: ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 1,404,754 ​ $ 1,384,940 Strategic Brands ​ 975,392 ​ 984,393 Other ​ 11,034 ​ 14,415 Corporate and unallocated ​ — ​ — ​ ​ $ 2,391,180 ​ $ 2,383,748

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2020
RELATED PARTY TRANSACTIONS
Schedule of related party transactions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Accounts receivable, net ​ $ 47,552 ​ $ 21,670 Accounts payable ​ $ (25,832) ​ $ (18,217) Accrued promotional allowances ​ $ (4,911) ​ $ (5,321) Accrued liabilities ​ $ (32,615) ​ $ —

REVENUE RECOGNITION - (Details)

REVENUE RECOGNITION - (Details)	9 Months Ended
	Sep. 30, 2020segment
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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Total Net Sales	$ 1,246,362	$ 1,133,577	$ 3,402,355	$ 3,183,613
Contract Liabilities
Deferred revenue	313,800		313,800		$ 331,700
Deferred revenue recognized in net sales	10,500	10,700	31,600	35,600
U.S. and Canada
Total Net Sales	841,583	786,522	2,369,322	2,268,183
EMEA
Total Net Sales	226,139	195,242	553,972	521,029
Asia Pacific
Total Net Sales	127,247	103,396	336,486	262,585
Latin America and Caribbean
Total Net Sales	51,393	48,417	142,575	131,816
Monster Energy Drinks
Total Net Sales	1,163,420	1,061,384	3,183,560	2,950,877
Monster Energy Drinks | U.S. and Canada
Total Net Sales	786,960	737,457	2,223,925	2,118,835
Monster Energy Drinks | EMEA
Total Net Sales	206,947	178,569	501,639	458,655
Monster Energy Drinks | Asia Pacific
Total Net Sales	120,589	97,153	319,325	242,561
Monster Energy Drinks | Latin America and Caribbean
Total Net Sales	48,924	48,205	138,671	130,826
Strategic Brands
Total Net Sales	74,324	66,333	198,428	215,763
Strategic Brands | U.S. and Canada
Total Net Sales	46,005	43,205	125,030	132,375
Strategic Brands | EMEA
Total Net Sales	19,192	16,673	52,333	62,374
Strategic Brands | Asia Pacific
Total Net Sales	6,658	6,243	17,161	20,024
Strategic Brands | Latin America and Caribbean
Total Net Sales	2,469	212	3,904	990
Other
Total Net Sales	8,618	5,860	20,367	16,973
Other | U.S. and Canada
Total Net Sales	$ 8,618	$ 5,860	$ 20,367	$ 16,973

LEASES - Lease Terms (Details)

LEASES - Lease Terms (Details)	9 Months Ended
	Sep. 30, 2020
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
Finance leases, lease term (in years)	1 year
Maximum
LEASES
Operating leases, lease term (in years)	13 years
Finance leases, lease term (in years)	14 years
Operating leases, renewal lease term (in years)	5 years
Finance leases, renewal lease term (in years)	5 years
Operating leases, termination period (in years)	1 year
Finance leases, termination period (in years)	1 year

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
LEASES
Operating lease cost	$ 1,161	$ 1,223	$ 3,499	$ 3,548
Short-term lease cost	856	993	2,440	2,552
Variable lease cost	242	168	564	503
Finance leases:
Amortization of ROU assets	177	172	511	346
Interest on lease liabilities	9	13	34	43
Finance lease cost	186	185	545	389
Total lease cost	$ 2,445	$ 2,569	$ 7,048	$ 6,992

LEASES - Supplemental cash flow

LEASES - Supplemental cash flow information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 3,081	$ 3,026
Operating cash outflows from finance leases	33	43
Financing cash outflows from finance leases	2,500	1,497
ROU assets obtained in exchange for lease obligations:
Finance leases	2,231	2,499
Operating leases	$ 2,117	$ 27,965

LEASES - ROU assets for operati

LEASES - ROU assets for operating and finance leases (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ROU assets for operating and finance leases
Operating leases	$ 22,997	$ 31,342
Finance leases	2,781	2,632
Real Estate
ROU assets for operating and finance leases
Operating leases	22,783	30,926
Equipment
ROU assets for operating and finance leases
Operating leases	214	416
Finance leases	$ 2,781	$ 2,632

LEASES - Operating and finance

LEASES - Operating and finance leases liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Operating Leases	$ 20,517	$ 28,463
Finance Leases	1,214	1,485
Accrued liabilities
Lessee, Lease, Description [Line Items]
Operating Leases	2,982	2,812
Finance Leases	1,214	1,485
Other Liabilities
Lessee, Lease, Description [Line Items]
Operating Leases	$ 17,535	$ 25,651

LEASES - Weighted-average remai

LEASES - Weighted-average remaining lease term and weighted-average discount rate (Details)	Sep. 30, 2020	Dec. 31, 2019
LEASES
Weighted-average remaining lease term (years), Operating Leases	9 years 8 months 12 days	10 years 1 month 6 days
Weighted-average remaining lease term (years), Finance Leases	7 months 6 days	7 months 6 days
Weighted-average discount rate, Operating Leases	3.60%	3.10%
Weighted-average discount rate, Finance Leases	2.10%	2.90%

LEASES - Undiscounted future le

LEASES - Undiscounted future lease payments for operating and finance leases (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Operating Leases
2020 (excluding the nine-months ended September 30, 2020)	$ 811
2021	3,573
2022	2,898
2023	2,185
2024	1,890
2025 and thereafter	13,188
Total lease payments	24,545
Less imputed interest	(4,028)
Total	20,517	$ 28,463
Finance Leases
2020 (excluding the nine-months ended September 30, 2020)	588
2021	633
Total lease payments	1,221
Less imputed interest	(7)
Total	$ 1,214	$ 1,485

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Available-for-sale
Amortized Cost	$ 619,507	$ 545,771
Gross Unrealized Holding Gains	419	285
Gross Unrealized Holding Losses	29	88
Fair Value	619,897	545,968
Continuous Unrealized Loss Position less than 12 Months	29	88
Short-term | Commercial paper
Available-for-sale
Amortized Cost	91,445	83,478
Fair Value	91,445	83,478
Short-term | Certificates of deposit
Available-for-sale
Amortized Cost	19,959	28,049
Fair Value	19,959	28,049
Short-term | Municipal securities
Available-for-sale
Amortized Cost		147,983
Gross Unrealized Holding Gains		145
Gross Unrealized Holding Losses		20
Fair Value		148,108
Continuous Unrealized Loss Position less than 12 Months		20
Short-term | U.S. government agency securities
Available-for-sale
Amortized Cost	66,435	40,620
Gross Unrealized Holding Gains	21	5
Gross Unrealized Holding Losses	3	35
Fair Value	66,453	40,590
Continuous Unrealized Loss Position less than 12 Months	3	35
Short-term | U.S. treasuries
Available-for-sale
Amortized Cost	421,093	211,055
Gross Unrealized Holding Gains	398	134
Gross Unrealized Holding Losses	22	31
Fair Value	421,469	211,158
Continuous Unrealized Loss Position less than 12 Months	22	31
Short-term | Variable rate demand notes
Available-for-sale
Amortized Cost		21,680
Fair Value		21,680
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	10,205	5,267
Gross Unrealized Holding Losses	1	1
Fair Value	10,204	5,266
Continuous Unrealized Loss Position less than 12 Months	1	1
Long-term | U.S. treasuries
Available-for-sale
Amortized Cost	10,370	6,077
Gross Unrealized Holding Gains		1
Gross Unrealized Holding Losses	3
Fair Value	10,367	$ 6,078
Continuous Unrealized Loss Position less than 12 Months	$ 3

INVESTMENTS - Maturity Period (

INVESTMENTS - Maturity Period (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Investments
Amortized Cost	$ 619,507	$ 545,771
Fair Value	619,897	545,968
Commercial paper | Less than 1 year
Investments
Amortized Cost	91,445	83,478
Fair Value	91,445	83,478
Municipal securities | Less than 1 year
Investments
Amortized Cost		147,983
Fair Value		148,108
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	66,435	40,620
Fair Value	66,453	40,590
U.S. government agency securities | Due 1 - 10 years
Investments
Amortized Cost	10,205	5,267
Fair Value	10,204	5,266
Certificates of deposit | Less than 1 year
Investments
Amortized Cost	19,959	28,049
Fair Value	19,959	28,049
U.S. treasuries | Less than 1 year
Investments
Amortized Cost	421,093	211,055
Fair Value	421,469	211,158
U.S. treasuries | Due 1 - 10 years
Investments
Amortized Cost	10,370	6,077
Fair Value	$ 10,367	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
Fair Value		6,885
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	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Fair value of certain financial assets and liabilities
Cash and cash equivalents	$ 1,074,730	$ 797,957	$ 717,617	$ 637,513
Short-term investments	599,326	533,063
Investments	20,571	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	719,429	518,178
Assets measured at fair value	1,693,857	1,343,238
Cash and cash equivalents	1,074,730	797,957
Short-term investments	599,326	533,063
Accounts receivable, net	185	329
Investments	20,571	12,905
Accrued liabilities	(955)	(1,016)
Foreign currency derivatives	(770)	(687)
Total fair value | Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	319,984	191,131
Total fair value | Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	19,959	28,049
Total fair value | Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	91,445	96,867
Total fair value | Variable rate demand notes
Fair value of certain financial assets and liabilities
Assets measured at fair value		21,680
Total fair value | Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value		167,224
Total fair value | U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	76,657	73,634
Total fair value | U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	467,153	247,162
Level 1
Fair value of certain financial assets and liabilities
Cash	719,429	518,178
Assets measured at fair value	1,039,413	709,309
Cash and cash equivalents	1,039,413	709,309
Level 1 | Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	319,984	191,131
Level 2
Fair value of certain financial assets and liabilities
Assets measured at fair value	654,444	633,929
Cash and cash equivalents	35,317	88,648
Short-term investments	599,326	533,063
Accounts receivable, net	185	329
Investments	20,571	12,905
Accrued liabilities	(955)	(1,016)
Foreign currency derivatives	(770)	(687)
Level 2 | Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	19,959	28,049
Level 2 | Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	91,445	96,867
Level 2 | Variable rate demand notes
Fair value of certain financial assets and liabilities
Assets measured at fair value		21,680
Level 2 | Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value		167,224
Level 2 | U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	76,657	73,634
Level 2 | U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	$ 467,153	$ 247,162

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Notional Amount and Fair Value (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Foreign currency exchange contracts | Maximum
Derivative Instruments and Hedging Activities
Term of derivative instrument	1 month
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 SGD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets	$ 13,748
Fair Value, Assets	90
Not designated as hedging instruments | Accounts receivable, net | Receive RSD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets	14,253	9,018
Fair Value, Assets	63	59
Not designated as hedging instruments | Accounts receivable, net | Receive NOK/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets	2,579	2,122
Fair Value, Assets	32	17
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 | Accrued liabilities | Receive USD/pay GBP
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	51,990	38,406
Fair Value, Liabilities	(282)	(695)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay EUR
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	35,815
Fair Value, Liabilities	(182)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay RUB
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	9,343	12,777
Fair Value, Liabilities	(162)	(55)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay AUD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	9,448	12,819
Fair Value, Liabilities	(145)	(172)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay CNY
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	11,915
Fair Value, Liabilities	(70)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay COP
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	4,670	3,793
Fair Value, Liabilities	(61)	(18)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay ZAR
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	1,542	3,349
Fair Value, Liabilities	(39)	(32)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay DKK
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	1,367	1,283
Fair Value, Liabilities	(3)	(11)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay NZD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	1,247	3,071
Fair Value, Liabilities	$ (11)	$ (33)

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Nonhedging Designation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Not designated as hedging instruments | Foreign currency exchange contracts | Interest and other income, net
Net gains on derivative instruments
Amount of gain recognized in income on derivatives	$ 260	$ 627	$ 4,318	$ 475

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
INVENTORIES
Raw materials	$ 150,123	$ 134,885
Finished goods	168,833	225,846
Inventories	$ 318,956	$ 360,731

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Property and equipment, net
Property and equipment, gross	$ 524,115		$ 524,115		$ 506,074
Less: accumulated depreciation and amortization	(219,428)		(219,428)		(207,434)
Property and equipment, net	304,687		304,687		298,640
Total depreciation and amortization expense	11,700	$ 11,600	36,400	$ 36,300
Land
Property and equipment, net
Property and equipment, gross	85,512		85,512		78,275
Leasehold improvements
Property and equipment, net
Property and equipment, gross	12,789		12,789		10,417
Furniture and fixtures
Property and equipment, net
Property and equipment, gross	8,297		8,297		8,426
Office and computer equipment
Property and equipment, net
Property and equipment, gross	20,723		20,723		22,766
Computer software
Property and equipment, net
Property and equipment, gross	5,847		5,847		4,450
Equipment
Property and equipment, net
Property and equipment, gross	206,151		206,151		214,293
Buildings
Property and equipment, net
Property and equipment, gross	143,221		143,221		126,338
Vehicles
Property and equipment, net
Property and equipment, gross	$ 41,575		$ 41,575		$ 41,109

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Goodwill
Goodwill, Beginning Balance	$ 1,331,643	$ 1,331,643	$ 1,331,643
Goodwill, Ending Balance	1,331,643	1,331,643	1,331,643
Monster Energy Drinks
Goodwill
Goodwill, Beginning Balance	693,644	693,644	693,644
Goodwill, Ending Balance	693,644	693,644	693,644
Strategic Brands
Goodwill
Goodwill, Beginning Balance	637,999	637,999	637,999
Goodwill, Ending Balance	$ 637,999	$ 637,999	$ 637,999

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Intangible assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Intangible assets
Amortizing intangibles	$ 66,953		$ 66,953		$ 66,949
Accumulated amortization	(55,674)		(55,674)		(49,128)
Amortizing intangibles, net	11,279		11,279		17,821
Non-amortizing intangibles	1,048,258		1,048,258		1,034,284
Intangibles, net	1,059,537		1,059,537		$ 1,052,105
Amortization expense	1,100	$ 2,900	6,500	$ 8,700
Impairment charge of Strategic Brand trademark	$ 3,000		$ 7,000
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	Sep. 30, 2020	Dec. 31, 2019
Future estimated amortization expense related to amortizing intangibles
2020 (excluding the nine-months ended September 30, 2020)	$ 1,126
2021	4,429
2022	4,405
2023	1,111
2024	13
2025 and thereafter	195
Amortizing intangibles, net	$ 11,279	$ 17,821

DISTRIBUTION AGREEMENTS (Detail

DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
DISTRIBUTION AGREEMENTS
Termination costs	$ 0	$ 0	$ 0.2	$ 11
Distribution agreement (in years)			20 years
Revenue recognized	$ 10.5	$ 10.7	$ 31.6	$ 35.6

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Purchase Commitments (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Feb. 28, 2018	Jan. 31, 2018
Purchase Commitments
Contractual Obligation	$ 142.2
Line of credit
Purchase Commitments
Maximum borrowing capacity		$ 15	$ 9
Interest rate (as a percent)	5.50%
Amount outstanding	$ 0
Raw materials
Purchase Commitments
Purchase commitments	$ 62.2
Obligation term ( in years)	1 year

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Litigation (Details) $ in Millions	Sep. 30, 2020USD ($)
COMMITMENTS AND CONTINGENCIES
Accrued loss contingencies	$ 16.6

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	$ 32,387	$ 32,864
Other comprehensive loss (income) before reclassifications	142	10,219
Net current-period other comprehensive loss (income)	142	10,219
Balance at the end of the period	32,529	43,083
Currency Translation Losses
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	32,581	32,775
Other comprehensive loss (income) before reclassifications	338	10,586
Net current-period other comprehensive loss (income)	338	10,586
Balance at the end of the period	32,919	43,361
Unrealized (Gains) Losses on Available-for-Sale Securities
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	(194)	89
Other comprehensive loss (income) before reclassifications	(196)	(367)
Net current-period other comprehensive loss (income)	(196)	(367)
Balance at the end of the period	$ (390)	$ (278)

TREASURY STOCK (Details)

TREASURY STOCK (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2020	Nov. 06, 2020	Nov. 06, 2019
Treasury Stock Purchase
Number of shares repurchased of common stock from employees in lieu of cash or withholding taxes due	1,779
Cash payment for repurchase of common stock from employees in lieu of cash or withholding taxes due	$ 0.1
March 2020 Repurchase Plan
Treasury Stock Purchase
Common stock repurchased (in shares)	0
Share repurchase program, authorized remaining amount		$ 441.5
March 2020 Repurchase Plan | Maximum
Treasury Stock Purchase
Share repurchase program, authorized amount			$ 500

STOCK-BASED COMPENSATION - Plan

STOCK-BASED COMPENSATION - Plans (Details) $ in Millions	Jun. 03, 2020shares	Sep. 30, 2020USD ($)shares	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)planshares	Sep. 30, 2019USD ($)	Dec. 31, 2019shares
STOCK-BASED COMPENSATION
Stock-based compensation plans | plan				2
Aggregate amount of common stock authorized (in shares)	46,169,367
Reduction in number of shares for each share granted	2.6
Shares granted				1,401,750
Shares available for grant		44,181,623		44,181,623
Compensation expense on share-based plans | $		$ 19.5	$ 16	$ 53	$ 46.9
Excess tax benefit realized for tax deductions from non-qualified stock option exercises and disqualifying dispositions of incentive stock options | $		$ 3.5	$ 0.5	$ 9.2	$ 26.7
2020 Omnibus Incentive Plan
STOCK-BASED COMPENSATION
Aggregate amount of common stock authorized (in shares)	32,000,000
2020 Omnibus Incentive Plan | Stock Options
STOCK-BASED COMPENSATION
Exercise period	10 years
2020 Omnibus Incentive Plan | Stock Options | Minimum
STOCK-BASED COMPENSATION
Vesting period	3 years
2020 Omnibus Incentive Plan | Stock Options | Maximum
STOCK-BASED COMPENSATION
Vesting period	5 years
2020 Omnibus Incentive Plan | Restricted Stock Units and Performance Share Units | Minimum
STOCK-BASED COMPENSATION
Vesting period	3 years
2020 Omnibus Incentive Plan | Restricted Stock Units and Performance Share Units | Maximum
STOCK-BASED COMPENSATION
Vesting period	5 years
2011 Omnibus Incentive Plan
STOCK-BASED COMPENSATION
Aggregate amount of common stock authorized (in shares)						14,169,367

STOCK-BASED COMPENSATION - Fair

STOCK-BASED COMPENSATION - Fair Value Assumptions (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Stock options, Number of Shares
Balance at the beginning of the period (in shares)			14,941,000
Exercised (in shares)			(1,711,000)
Cancelled or forfeited (in shares)			(53,000)
Balance at the end of the period (in shares)	14,204,000		14,204,000		14,941,000
Vested and expected to vest in the future at the end of the period (in shares)	13,594,000		13,594,000
Exercisable at the end of the period (in shares)	8,174,000		8,174,000
Stock options, Weighted-Average Exercise Price Per Share
Balance at the beginning of the period (in dollars per share)			$ 42.88
Exercised (in dollars per share)			38.30
Cancelled or forfeited (in dollars per share)			52.91
Balance at the end of the period (in dollars per share)	$ 44.81		44.81		$ 42.88
Vested and expected to vest in the future at the end of the period (in dollars per share)	44.23		44.23
Exercisable at the end of the period (in dollars per share)	$ 36.97		$ 36.97
Weighted-Average Remaining Contractual Term (in years)
Weighted-Average Remaining Contractual Terms (in years)			6 years		6 years 3 months 18 days
Vested and expected to vest in the future at the end of the period			5 years 10 months 24 days
Exercisable at the end of the period			4 years 8 months 12 days
Aggregate Intrinsic Value
Balance at the beginning of the period			$ 308,884
Balance at the end of the period	$ 502,732		502,732		$ 308,884
Vested and expected to vest in the future at the end of the period	488,969		488,969
Exercisable at the end of the period	$ 353,333		$ 353,333
Granted 01/01/20 - 03/31/20
Stock options, Number of Shares
Granted (in shares)			1,027,000
Stock options, Weighted-Average Exercise Price Per Share
Granted (in dollars per share)			$ 62.45
Stock Options
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%	30.50%	30.20%
Risk-free interest rate (as a percent)		1.40%	0.70%	2.40%
Expected term		5 years 9 months 18 days	5 years 9 months 18 days	6 years
Stock options, Number of Shares
Granted (in shares)	0

STOCK-BASED COMPENSATION - Equi

STOCK-BASED COMPENSATION - Equity Awards (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
STOCK-BASED COMPENSATION
Total intrinsic value of options exercised			$ 58,800	$ 213,800
Stock units expected to vest (in shares)	13,594		13,594
Compensation cost charged against income
Total employee and non-employee share-based compensation expense included in income, before income tax			$ 53,042	$ 46,890
Stock Options
STOCK-BASED COMPENSATION
Weighted-average grant-date fair value of options granted (in dollars per share)		$ 18.32	$ 18.78	$ 20.24
Total intrinsic value of options exercised	$ 22,500	$ 2,400
Cash received from option exercises	21,700	$ 4,100	$ 65,500	$ 85,200
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 68,600		$ 68,600
Cost expected to be recognized over a weighted-average period			2 years 3 months 18 days
Restricted stock units
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)	$ 71.76	$ 66
Restricted Stock Units and Performance Share Units
STOCK-BASED COMPENSATION
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 38,100		$ 38,100
Cost expected to be recognized over a weighted-average period			2 years 4 months 24 days
Stock units expected to vest (in shares)	800		800
Number of Shares
Non-vested at the beginning of the period (in shares)			825
Vested (in shares)			(287)
Forfeited/cancelled (in shares)			(2)
Non-vested at the end of the period (in shares)	946		946
Weighted Average Grant-Date Fair Value
Non-vested at the beginning of the period (in dollars per share)			$ 57.62
Granted (in dollars per share)			62.79	$ 59.79
Vested (in dollars per share)			55.65
Forfeited/cancelled (in dollars per share)			59.67
Non-vested at the end of the period (in dollars per share)	$ 60.46		$ 60.46
Restricted Stock Units and Performance Share Units | Granted 01/01/20 - 03/31/20
Number of Shares
Granted (in shares)			392
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)			$ 62.39
Restricted Stock Units and Performance Share Units | Granted 04/01/20 - 06/30/20
Number of Shares
Granted (in shares)			17
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)			$ 71.72
Restricted Stock Units and Performance Share Units | Granted 07/01/20 - 09/30/20
Number of Shares
Granted (in shares)			1
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)			$ 71.76
Performance Share Units
STOCK-BASED COMPENSATION
Percentage of Target Performance Level			100.00%
Number of Shares
Granted (in shares)				0
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)	$ 0	$ 0
Performance Share Units | Maximum
STOCK-BASED COMPENSATION
Percentage of Target Performance Level			200.00%
Performance Share Units | Minimum
STOCK-BASED COMPENSATION
Percentage of Target Performance Level			0.00%
Other Share-Based Awards
STOCK-BASED COMPENSATION
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 2,700		$ 2,700
Cost expected to be recognized over a weighted-average period			1 year 9 months 18 days

INCOME TAXES (Details)

INCOME TAXES (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)
Gross unrecognized tax benefits, roll forward
Balance at the beginning of the period	$ 2,993
Additions for tax positions related to the current year	0
Additions for tax positions related to the prior years	0
Decreases related to settlement with taxing authority	0
Balance at the end of the period	2,993
Accrued interest and penalties related to unrecognized tax benefits	$ 500

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Weighted-average shares outstanding:
Basic	527,637	544,469	530,194	543,804
Dilutive	5,626	3,953	4,817	4,583
Diluted	533,263	548,422	535,011	548,387
Options and awards outstanding excluded from the calculations as their effect would have been antidilutive (in shares)	600	4,700	4,200	4,300

SEGMENT INFORMATION - Net Reven

SEGMENT INFORMATION - Net Revenues (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)segment	Sep. 30, 2019USD ($)
Segment information
Number of reportable segments | segment			3
Number of operating segments | segment			3
Total Net Sales	$ 1,246,362	$ 1,133,577	$ 3,402,355	$ 3,183,613
Operating income	458,601	395,443	1,230,852	1,085,894
Income before tax	454,033	398,564	1,225,361	1,094,729
Recognition of deferred revenue	10,500	10,700	31,600	35,600
Corporate and unallocated
Segment information
Operating income	(90,034)	(74,517)	(259,135)	(235,546)
Income before tax	(94,711)	(71,550)	(264,802)	(226,976)
Monster Energy Drinks
Segment information
Total Net Sales	1,163,420	1,061,384	3,183,560	2,950,877
Monster Energy Drinks | Operating segment
Segment information
Total Net Sales	1,163,419	1,061,383	3,183,559	2,950,877
Operating income	502,392	433,848	1,366,920	1,187,652
Income before tax	502,500	434,003	1,367,096	1,187,916
Recognition of deferred revenue	10,500	10,700	31,600	35,600
Termination costs of distributors	0	0	200	11,000
Strategic Brands
Segment information
Total Net Sales	74,324	66,333	198,428	215,763
Strategic Brands | Operating segment
Segment information
Total Net Sales	74,325	66,333	198,429	215,763
Operating income	43,875	35,107	118,287	130,762
Income before tax	43,876	35,106	118,287	130,758
Other
Segment information
Total Net Sales	8,618	5,860	20,367	16,973
Other | Operating segment
Segment information
Total Net Sales	8,618	5,861	20,367	16,973
Operating income	2,368	1,005	4,780	3,026
Income before tax	$ 2,368	$ 1,005	$ 4,780	$ 3,031

SEGMENT INFORMATION - Depreciat

SEGMENT INFORMATION - Depreciation and Amortization (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment information
Depreciation and amortization			$ 45,879	$ 47,843
Depreciation and amortization	$ 12,817	$ 14,521	42,908	45,021
Corporate and unallocated
Segment information
Depreciation and amortization	2,741	2,050	7,794	6,172
Monster Energy Drinks | Operating segment
Segment information
Depreciation and amortization	8,713	9,319	27,687	29,449
Strategic Brands | Operating segment
Segment information
Depreciation and amortization	227	1,990	3,932	5,925
Other | Operating segment
Segment information
Depreciation and amortization	$ 1,136	$ 1,162	$ 3,495	$ 3,475

SEGMENT INFORMATION - Expenses

SEGMENT INFORMATION - Expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment information
Stock-based compensation expense	$ 19.5	$ 16	$ 53	$ 46.9
Corporate and unallocated
Segment information
Payroll costs	61.7	50.1	173.5	151
Stock-based compensation expense	19.2	16	52.7	46.9
Professional service expenses	16.7	13.3	50.1	49.2
Other operating expenses	$ 11.6	$ 11.1	$ 35.5	$ 35.3

SEGMENT INFORMATION - Concentra

SEGMENT INFORMATION - Concentration Risk (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment information
Total Net Sales	$ 1,246,362	$ 1,133,577	$ 3,402,355	$ 3,183,613
Net Sales | Outside United States
Segment information
Percentage of net sales	36.00%	34.00%	33.00%	32.00%
Total Net Sales	$ 444,500	$ 379,800	$ 1,130,000	$ 1,010,000
Coca-Cola Consolidated, Inc | Net Sales | Customer concentration
Segment information
Percentage of net sales	12.00%	13.00%	12.00%	13.00%
Reyes Coca-Cola Bottling | Net Sales | Customer concentration
Segment information
Percentage of net sales	11.00%	12.00%	11.00%	12.00%
Coca-Cola European Partners | Net Sales | Customer concentration
Segment information
Percentage of net sales	11.00%	10.00%	10.00%	10.00%

SEGMENT INFORMATION - Goodwill

SEGMENT INFORMATION - Goodwill and other intangible assets (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Segment information
Goodwill and other intangible assets	$ 2,391,180	$ 2,383,748
Monster Energy Drinks | Operating segment
Segment information
Goodwill and other intangible assets	1,404,754	1,384,940
Strategic Brands | Operating segment
Segment information
Goodwill and other intangible assets	975,392	984,393
Other | Operating segment
Segment information
Goodwill and other intangible assets	$ 11,034	$ 14,415

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)director	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
TCCC
Related party transactions
Related Party Ownership Interest (as a percent)	19.30%		19.30%
Net sales	$ 21,500	$ 21,000	$ 55,200	$ 59,500
Purchases from related party	6,800	6,300	17,600	20,200
TCCC Subsidiaries and TCCC Related parties
Related party transactions
Commission expenses	15,700	11,600	37,700	39,500
TCCC Related parties and TCCC Independent Bottlers | Operating expense
Related party transactions
Commission expenses	5,500	4,700	15,200	13,600
TCCC Subsidiaries
Related party transactions
Accounts receivable, net	47,552		47,552		$ 21,670
Accounts payable	(25,832)		(25,832)		(18,217)
Accrued promotional allowances	(4,911)		(4,911)		$ (5,321)
Accrued liabilities	(32,615)		(32,615)
TCCC Subsidiaries | Monster Energy Drinks
Related party transactions
Contract manufacturing expenses	5,100	4,200	$ 11,300	13,100
Principal owners
Related party transactions
Number of directors | director			1
Expenses incurred in connection with materials or services provided by a related party	400	$ 500	$ 1,900	$ 1,100
Director
Related party transactions
Ownership percentage						50.00%
Partnership contribution	1,600		1,600			$ 1,900
Gain (loss) on investment	$ (40)		$ (300)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ in Millions	Oct. 31, 2020USD ($)
Subsequent event
Subsequent Event [Line Items]
Deferred tax assets for intra-entity transfer of certain intellectual property between foreign subsidiaries	$ 165