Monster Beverage (MNST) 10-Q 9 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Jul. 30, 2021
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
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		528,885,811
Entity Central Index Key	0000865752
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 1,584,239	$ 1,180,413
Short-term investments	968,952	881,354
Accounts receivable, net	909,169	666,012
Inventories	382,890	333,085
Prepaid expenses and other current assets	83,086	55,358
Prepaid income taxes	22,339	24,733
Total current assets	3,950,675	3,140,955
INVESTMENTS	91,033	44,291
PROPERTY AND EQUIPMENT, net	309,178	314,656
DEFERRED INCOME TAXES	241,297	241,650
GOODWILL	1,331,643	1,331,643
OTHER INTANGIBLE ASSETS, net	1,058,323	1,059,046
OTHER ASSETS	89,394	70,475
Total Assets	7,071,543	6,202,716
CURRENT LIABILITIES:
Accounts payable	362,900	296,800
Accrued liabilities	172,498	142,653
Accrued promotional allowances	227,414	186,658
Deferred revenue	46,656	45,429
Accrued compensation	46,770	55,015
Income taxes payable	31,289	23,433
Total current liabilities	887,527	749,988
DEFERRED REVENUE	252,056	264,436
OTHER LIABILITIES	26,462	27,432
COMMITMENTS AND CONTINGENCIES (Note 12)
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 1,250,000 shares authorized; 639,154 shares issued and 528,439 shares outstanding as of March 31, 2021; 638,662 shares issued and 528,097 shares outstanding as of December 31, 2020	3,198	3,193
Additional paid-in capital	4,597,333	4,537,982
Retained earnings	7,151,030	6,432,074
Accumulated other comprehensive (loss) income	(16,822)	3,034
Common stock in treasury, at cost; 110,565 and 99,762 shares as of December 31, 2020 and December 31, 2019, respectively	(5,829,241)	(5,815,423)
Total stockholders' equity	5,905,498	5,160,860
Total Liabilities and Stockholders' Equity	$ 7,071,543	$ 6,202,716

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Jun. 30, 2021	Dec. 31, 2020
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	639,576	638,662
Common stock, shares outstanding	528,857	528,097
Common stock in treasury, shares	110,719	110,565

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
NET SALES	$ 1,461,934	$ 1,093,896	$ 2,705,751	$ 2,155,993
COST OF SALES	625,096	434,427	1,153,976	859,329
GROSS PROFIT	836,838	659,469	1,551,775	1,296,664
OPERATING EXPENSES	310,863	252,205	611,652	524,412
OPERATING INCOME	525,975	407,264	940,123	772,252
INTEREST and OTHER INCOME (EXPENSE), net	872	(1,796)	111	(923)
INCOME BEFORE PROVISION FOR INCOME TAXES	526,847	405,468	940,234	771,329
PROVISION FOR INCOME TAXES	123,085	94,099	221,278	181,125
NET INCOME	$ 403,762	$ 311,369	$ 718,956	$ 590,204
NET INCOME PER COMMON SHARE:
Basic	$ 0.76	$ 0.59	$ 1.36	$ 1.11
Diluted	$ 0.75	$ 0.59	$ 1.34	$ 1.10
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS:
Basic	528,653	526,911	528,425	531,486
Diluted	535,557	531,191	535,324	535,897

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income, as reported	$ 403,762	$ 311,369	$ 718,956	$ 590,204
Other comprehensive income (loss):
Change in foreign currency translation adjustment, net of tax	8,235	9,044	(19,696)	(21,555)
Available-for-sale investments:
Change in net unrealized (losses) gains	(183)	200	(160)	504
Net change in available-for-sale investments	(183)	200	(160)	504
Other comprehensive income (loss)	8,052	9,244	(19,856)	(21,051)
Comprehensive income	$ 411,814	$ 320,613	$ 699,100	$ 569,153

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) Income	Treasury stock	Total
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
Net income						590,204
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)
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)
Balance at Dec. 31, 2020	$ 3,193	4,537,982	6,432,074	3,034	$ (5,815,423)	5,160,860
Balance (in shares) at Dec. 31, 2020	638,662				(110,565)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		17,949				17,949
Exercise of stock options	$ 3	6,758				6,761
Exercise of stock options (in shares)	492
Unrealized gain, net on available-for-sale securities				24		24
Repurchase of common stock					$ (13,419)	(13,419)
Repurchase of common stock (in shares)					(150)
Foreign currency translation				(27,932)		(27,932)
Net income			315,194			315,194
Balance at Mar. 31, 2021	$ 3,196	4,562,689	6,747,268	(24,874)	$ (5,828,842)	5,459,437
Balance (in shares) at Mar. 31, 2021	639,154				(110,715)
Balance at Dec. 31, 2020	$ 3,193	4,537,982	6,432,074	3,034	$ (5,815,423)	$ 5,160,860
Balance (in shares) at Dec. 31, 2020	638,662				(110,565)
Increase (Decrease) in Stockholders' Equity
Exercise of stock options (in shares)						570
Net income						$ 718,956
Balance at Jun. 30, 2021	$ 3,198	4,597,333	7,151,030	(16,822)	$ (5,829,241)	5,905,498
Balance (in shares) at Jun. 30, 2021	639,576				(110,719)
Balance at Mar. 31, 2021	$ 3,196	4,562,689	6,747,268	(24,874)	$ (5,828,842)	5,459,437
Balance (in shares) at Mar. 31, 2021	639,154				(110,715)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		16,921				16,921
Exercise of stock options	$ 2	17,723				17,725
Exercise of stock options (in shares)	422
Unrealized loss, net on available-for-sale securities				(183)		(183)
Repurchase of common stock					$ (399)	(399)
Repurchase of common stock (in shares)					(4)
Foreign currency translation				8,235		8,235
Net income			403,762			403,762
Balance at Jun. 30, 2021	$ 3,198	$ 4,597,333	$ 7,151,030	$ (16,822)	$ (5,829,241)	$ 5,905,498
Balance (in shares) at Jun. 30, 2021	639,576				(110,719)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 718,956	$ 590,204
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	27,489	32,057
Gain on disposal of property and equipment	(822)	(179)
Impairment of intangibles		4,000
Stock-based compensation	35,691	33,034
Deferred income taxes	353
Effect on cash of changes in operating assets and liabilities:
Accounts receivable	(239,700)	(231,782)
Distributor receivables	160	188
Inventories	(52,541)	14,181
Prepaid expenses and other assets	(28,232)	(23,394)
Prepaid income taxes	2,452	7,245
Accounts payable	63,619	(6,772)
Accrued liabilities	29,883	31,691
Accrued promotional allowances	42,665	3,079
Accrued distributor terminations		(140)
Accrued compensation	(10,782)	(10,932)
Income taxes payable	7,696	8,278
Other liabilities	621	83
Deferred revenue	(10,922)	(10,383)
Net cash provided by operating activities	586,586	440,458
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of available-for-sale investments	660,965	719,616
Proceeds from sale of property and equipment	1,024	590
Purchases of available-for-sale investments	(795,467)	(425,973)
Purchases of property and equipment	(15,522)	(29,116)
Additions to intangibles	(9,926)	(13,085)
Increase in other assets	(21,236)	(1,338)
Net cash (used in) provided by investing activities	(180,162)	250,694
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of (payments on) debt	3,624	(1,680)
Issuance of common stock	24,486	43,842
Purchases of common stock held in treasury	(13,818)	(595,770)
Net cash provided by (used in) financing activities	14,292	(553,608)
Effect of exchange rate changes on cash and cash equivalents	(16,890)	(14,175)
NET INCREASE IN CASH AND CASH EQUIVALENTS	403,826	123,369
CASH AND CASH EQUIVALENTS, beginning of period	1,180,413	797,957
CASH AND CASH EQUIVALENTS, end of period	1,584,239	921,326
Cash paid during the year for:
Interest	52	29
Income taxes	$ 215,803	$ 164,956

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS (Parenthetical) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS NON-CASH SUPPLEMENTAL DATA
Accrued liabilities for intangible assets	$ 1.3	$ 12.6

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2021
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, 2020 for a summary of significant accounting policies utilized by the Company and its consolidated subsidiaries and other disclosures, which should be read in conjunction with this Quarterly Report on Form 10-Q (“Form 10-Q”). ​ The Company’s condensed consolidated financial statements included in this Form 10-Q have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and Securities and Exchange Commission (“SEC”) rules and regulations applicable to interim financial reporting. They do not include all the information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP. The information set forth in these interim condensed consolidated financial statements for the three- and six-months ended June 30, 2021 and 2020, respectively, is unaudited and reflects all adjustments, which include only normal recurring adjustments and which in the opinion of management are necessary to make the interim condensed consolidated financial statements not misleading. Results of operations for periods covered by this report may not necessarily be indicative of results of operations for the full year. ​ The preparation of financial statements in conformity with GAAP necessarily requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2021
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS ​ In December 2019, the Financial Accounting Standards Board 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 was effective for interim and annual periods beginning after December 15, 2020, with early adoption permitted. The adoption of ASU No. 2019-12 did not have a material impact on the Company’s financial position, results of operations and liquidity.

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Jun. 30, 2021
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 ready-to-drink packaged energy drinks 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 June 30, 2021 and December 31, 2020. ​ 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 deferred revenue and recognized 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 June 30, 2021 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks ​ $ 895,362 ​ $ 269,807 ​ $ 118,934 ​ $ 82,991 ​ $ 1,367,094 Strategic Brands ​ 49,388 ​ 27,875 ​ 7,006 ​ 2,666 ​ 86,935 Other ​ 7,905 ​ — ​ — ​ — ​ 7,905 Total Net Sales ​ $ 952,655 ​ $ 297,682 ​ $ 125,940 ​ $ 85,657 ​ $ 1,461,934 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ and ​ ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks ​ $ 746,946 ​ $ 129,921 ​ $ 112,832 ​ $ 37,987 ​ $ 1,027,686 Strategic Brands ​ ​ 41,155 ​ 12,794 ​ 5,186 ​ 431 ​ 59,566 Other ​ ​ 6,644 ​ — ​ — ​ — ​ 6,644 Total Net Sales ​ $ 794,745 ​ $ 142,715 ​ $ 118,018 ​ $ 38,418 ​ $ 1,093,896 ​ 1 Europe, Middle East and Africa (“EMEA”) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months Ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 1,668,866 ​ $ 489,107 ​ $ 225,681 ​ $ 153,720 ​ $ 2,537,374 Strategic Brands ​ ​ 87,071 ​ ​ 47,784 ​ ​ 15,444 ​ ​ 4,445 ​ ​ 154,744 Other ​ ​ 13,633 ​ ​ — ​ ​ — ​ ​ — ​ ​ 13,633 Total Net Sales ​ $ 1,769,570 ​ $ 536,891 ​ $ 241,125 ​ $ 158,165 ​ $ 2,705,751 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 1,436,964 ​ $ 294,692 ​ $ 198,736 ​ $ 89,747 ​ $ 2,020,139 Strategic Brands ​ ​ 79,026 ​ ​ 33,141 ​ ​ 10,503 ​ ​ 1,435 ​ ​ 124,105 Other ​ ​ 11,749 ​ ​ — ​ ​ — ​ ​ — ​ ​ 11,749 Total Net Sales ​ $ 1,527,739 ​ $ 327,833 ​ $ 209,239 ​ $ 91,182 ​ $ 2,155,993 ​ 1 Europe, Middle East and Africa (“EMEA”) ​ Contract Liabilities ​ Amounts received from certain bottlers/distributors at inception of their distribution contracts or at the inception of certain sales/marketing programs are accounted for as deferred revenue. As of June 30, 2021, the Company had $298.7 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, 2020, the Company had $309.9 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 June 30, 2021 and 2020, $10.4 million and $10.5 million, respectively, of deferred revenue was recognized in net sales. See Note 11. During the six-months ended June 30, 2021 and 2020, $20.9 million and $21.1 million, respectively, of deferred revenue was recognized in net sales. See Note 11.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2021
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 ​ Six-Months ​ Six-Months ​ ​ Ended June 30, ​ Ended June 30, ​ Ended June 30, ​ Ended June 30, ​ 2021 2020 2021 2020 Operating lease cost ​ $ 1,114 ​ $ 893 ​ $ 2,245 ​ $ 2,338 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term lease cost ​ 1,182 ​ 877 ​ 2,135 ​ 1,584 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable lease cost ​ 185 ​ 160 ​ 347 ​ 322 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ 122 ​ 186 ​ 256 ​ 334 Interest on lease liabilities ​ 5 ​ 14 ​ 9 ​ 25 Finance lease cost ​ 127 ​ 200 ​ 265 ​ 359 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total lease cost ​ $ 2,608 ​ $ 2,130 ​ $ 4,992 ​ $ 4,603 ​ Supplemental cash flow information for the following periods: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months ​ Six-Months ​ ​ Ended June 30, ​ Ended June 30, ​ 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash outflows from operating leases ​ $ 2,008 ​ $ 2,084 Operating cash outflows from finance leases ​ ​ 9 ​ ​ 25 Financing cash outflows from finance leases ​ ​ 1,297 ​ ​ 1,680 ​ ​ ​ ​ ​ ​ ​ ROU assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ Finance leases ​ ​ 2,238 ​ ​ 2,024 Operating leases ​ ​ 166 ​ ​ 2,020 ​ ROU assets for operating and finance leases recognized in the Company’s condensed consolidated balance sheets were comprised of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases ​ $ 20,865 ​ $ 187 ​ $ 21,052 ​ Other Assets Finance leases ​ — ​ 2,495 ​ 2,495 ​ Property and Equipment, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases ​ $ 22,565 ​ $ 189 ​ $ 22,754 ​ Other Assets Finance leases ​ — ​ 2,120 ​ 2,120 ​ Property and Equipment, net ​ Operating and finance lease liabilities recognized in the Company’s condensed consolidated balance sheets were as follows at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ Operating Leases Finance Leases Accrued liabilities $ 2,976 ​ $ 1,742 Other liabilities ​ 16,032 ​ 19 Total ​ $ 19,008 ​ $ 1,761 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ Operating Leases Finance Leases Accrued liabilities $ 3,171 $ 799 Other liabilities ​ 17,342 ​ 24 Total ​ $ 20,513 ​ $ 823 ​ The weighted-average remaining lease terms and weighted-average discount rates for operating and finance leases at June 30, 2021 and December 31, 2020 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Operating Leases Finance Leases Weighted-average remaining lease term (years) ​ 9.3 0.8 ​ Weighted-average discount rate ​ 3.6 % 1.2 % ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Operating Leases Finance Leases ​ Weighted-average remaining lease term (years) 9.4 ​ 0.6 ​ Weighted-average discount rate 3.6 % 1.9 % ​ The following table reconciles the undiscounted future lease payments for operating and finance leases to the operating and finance leases recorded in the Company’s condensed consolidated balance sheet at June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ Undiscounted Future Lease Payments ​ ​ Operating Leases Finance Leases 2021 (excluding the six-months ended June 30, 2021) ​ $ 1,879 ​ $ 1,389 2022 ​ ​ 3,180 ​ ​ 367 2023 ​ 2,417 ​ 11 2024 ​ 1,892 ​ 3 2025 ​ 1,601 ​ — 2026 and thereafter ​ 11,588 ​ — Total lease payments ​ 22,557 ​ 1,770 Less imputed interest ​ (3,549) ​ (9) Total ​ $ 19,008 ​ $ 1,761 ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2021, the Company did not have any significant additional operating or finance leases that have not yet commenced.

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 186,912 ​ $ — ​ $ — ​ $ 186,912 ​ $ — ​ $ — Certificates of deposit ​ ​ 43,240 ​ ​ 2 ​ ​ — ​ ​ 43,242 ​ ​ — ​ ​ — U.S. government agency securities ​ 64,914 ​ 10 ​ 2 ​ 64,922 ​ 2 ​ — U.S. treasuries ​ ​ 673,912 ​ 35 ​ 71 ​ 673,876 ​ 71 ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency securities ​ ​ 29,659 ​ ​ — ​ ​ 8 ​ ​ 29,651 ​ ​ 8 ​ ​ — U.S. treasuries ​ ​ 61,423 ​ ​ — ​ ​ 41 ​ ​ 61,382 ​ ​ 41 ​ ​ — Total ​ $ 1,060,060 ​ $ 47 ​ $ 122 ​ $ 1,059,985 ​ $ 122 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous ​ Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than 12 December 31, 2020 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 119,886 ​ $ — ​ $ — ​ $ 119,886 ​ $ — ​ $ — Certificates of deposit ​ ​ 20,387 ​ ​ — ​ ​ — ​ ​ 20,387 ​ ​ — ​ ​ — Municipal securities ​ 9,083 ​ — ​ — ​ 9,083 ​ — ​ — U.S. government agency securities ​ 81,521 ​ 13 ​ 3 ​ 81,531 ​ 3 ​ — U.S. treasuries ​ ​ 650,386 ​ ​ 150 ​ ​ 69 ​ ​ 650,467 ​ ​ 69 ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency securities ​ ​ 10,350 ​ ​ 1 ​ ​ — ​ ​ 10,351 ​ ​ — ​ ​ — U.S. treasuries ​ ​ 33,946 ​ ​ 1 ​ ​ 7 ​ ​ 33,940 ​ ​ 7 ​ ​ — Total ​ $ 925,559 ​ $ 165 ​ $ 79 ​ $ 925,645 ​ $ 79 ​ $ — ​ ​ During the three- and six-months ended June 30, 2021 and 2020, realized gains or losses recognized on the sale of investments were not significant. ​ The Company’s investments at June 30, 2021 and December 31, 2020 carried investment grade credit ratings. ​ The following table summarizes the underlying contractual maturities of the Company’s investments at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 ​ Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 186,912 ​ $ 186,912 $ 119,886 ​ $ 119,886 Municipal securities ​ — ​ — 9,083 ​ 9,083 U.S. government agency securities ​ 64,914 ​ 64,922 81,521 ​ 81,531 Certificates of deposit ​ 43,240 ​ 43,242 20,387 ​ 20,387 U.S. treasuries ​ ​ 673,912 ​ ​ 673,876 ​ ​ 650,386 ​ ​ 650,467 Due 1 - 10 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. treasuries ​ ​ 61,423 ​ ​ 61,382 ​ ​ 33,946 ​ ​ 33,940 U.S. government agency securities ​ 29,659 ​ 29,651 10,350 ​ 10,351 Total ​ $ 1,060,060 ​ $ 1,059,985 $ 925,559 ​ $ 925,645 ​

FAIR VALUE OF CERTAIN FINANCIAL

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	6 Months Ended
	Jun. 30, 2021
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 Level 1 Level 2 Level 3 Total Cash ​ $ 760,217 ​ $ — ​ $ — ​ $ 760,217 Money market funds ​ 809,022 ​ — ​ — ​ 809,022 Certificates of deposit ​ ​ — ​ ​ 43,242 ​ ​ — ​ ​ 43,242 Commercial paper ​ — ​ 186,912 ​ — ​ 186,912 U.S. government agency securities ​ — ​ 94,573 ​ — ​ 94,573 U.S. treasuries ​ ​ — ​ ​ 750,258 ​ ​ — ​ ​ 750,258 Foreign currency derivatives ​ — ​ 291 ​ — ​ 291 Total ​ $ 1,569,239 ​ $ 1,075,276 ​ $ — ​ $ 2,644,515 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,569,239 ​ $ 15,000 ​ $ — ​ $ 1,584,239 Short-term investments ​ — ​ 968,952 ​ — ​ 968,952 Accounts receivable, net ​ — ​ 609 ​ — ​ 609 Investments ​ — ​ 91,033 ​ — ​ 91,033 Accrued liabilities ​ — ​ (318) ​ — ​ (318) Total ​ $ 1,569,239 ​ $ 1,075,276 ​ $ — ​ $ 2,644,515 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 Level 1 Level 2 Level 3 Total Cash ​ $ 796,421 ​ $ — ​ $ — ​ $ 796,421 Money market funds ​ 352,730 ​ — ​ — ​ 352,730 Certificates of deposit ​ ​ — ​ ​ 23,137 ​ ​ — ​ ​ 23,137 Commercial paper ​ — ​ 130,883 ​ — ​ 130,883 Municipal securities ​ — ​ 9,083 ​ — ​ 9,083 U.S. government agency securities ​ — ​ 91,882 ​ — ​ 91,882 U.S. treasuries ​ ​ — ​ ​ 701,922 ​ ​ — ​ ​ 701,922 Foreign currency derivatives ​ — ​ (2,578) ​ — ​ (2,578) Total ​ $ 1,149,151 ​ $ 954,329 ​ $ — ​ $ 2,103,480 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,149,151 ​ $ 31,262 ​ $ — ​ $ 1,180,413 Short-term investments ​ — ​ 881,354 ​ — ​ 881,354 Accounts receivable, net ​ — ​ 69 ​ — ​ 69 Investments ​ — ​ 44,291 ​ — ​ 44,291 Accrued liabilities ​ — ​ (2,647) ​ — ​ (2,647) Total ​ $ 1,149,151 ​ $ 954,329 ​ $ — ​ $ 2,103,480 ​ 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 six-months ended June 30, 2021, or during the year-ended December 31, 2020, and there were no changes in the Company’s valuation techniques.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	6 Months Ended
	Jun. 30, 2021
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 six-months ended June 30, 2021 and the year-ended December 31, 2020, the Company entered into forward currency exchange contracts with financial institutions to create an economic hedge to specifically manage a portion of the foreign exchange risk exposure associated with certain consolidated subsidiaries’ non-functional currency denominated assets and liabilities. All foreign currency exchange contracts of the Company that were outstanding as of June 30, 2021 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 Company’s condensed consolidated balance sheets consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under ​ Notional ​ Fair ​ ​ ASC 815-20 Amount Value Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ 40,272 ​ 245 Accounts receivable, net Receive USD/pay EUR ​ ​ 36,902 ​ ​ 135 ​ Accounts receivable, net Receive USD/pay COP ​ 8,272 ​ 94 Accounts receivable, net Receive USD/pay RUB ​ ​ 9,941 ​ ​ 81 ​ Accounts receivable, net Receive USD/pay NZD ​ ​ 2,185 ​ ​ 21 ​ Accounts receivable, net Receive USD/pay AUD ​ ​ 1,441 ​ ​ 16 ​ Accounts receivable, net Receive USD/pay DKK ​ ​ 1,560 ​ ​ 13 ​ Accounts receivable, net Receive USD/pay ZAR ​ ​ 1,258 ​ ​ 3 ​ Accounts receivable, net Receive USD/pay CNY ​ ​ 12,363 ​ ​ 1 ​ Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive NOK/pay USD ​ $ 9,782 ​ $ (154) Accrued liabilities Receive RSD/pay USD ​ ​ 13,471 ​ (133) ​ Accrued liabilities Receive SEK/pay USD ​ ​ 3,790 ​ ​ (28) ​ Accrued liabilities Receive SGD/pay USD ​ ​ 14,945 ​ ​ (3) ​ Accrued liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under ​ Notional ​ Fair ​ ​ FASB ASC 815-20 Amount Value Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive SGD/pay USD ​ $ 18,713 ​ $ 41 Accounts receivable, net Receive RSD/pay USD ​ ​ 10,127 ​ ​ 28 Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive EUR/pay USD ​ $ 1,298,899 ​ $ (1,768) ​ Accrued liabilities Receive USD/pay GBP ​ ​ 35,256 ​ ​ (416) Accrued liabilities Receive USD/pay AUD ​ ​ 8,508 ​ (130) Accrued liabilities Receive USD/pay ZAR ​ ​ 2,403 ​ ​ (106) ​ Accrued liabilities Receive USD/pay COP ​ ​ 5,436 ​ ​ (93) ​ Accrued liabilities Receive USD/pay CNY ​ ​ 12,344 ​ (50) Accrued liabilities Receive USD/pay RUB ​ ​ 7,780 ​ (40) Accrued liabilities Receive NOK/pay USD ​ ​ 4,411 ​ (18) Accrued liabilities Receive USD/pay NZD ​ ​ 2,290 ​ ​ (13) ​ Accrued liabilities Receive SEK/pay USD ​ ​ 2,275 ​ ​ (10) ​ Accrued liabilities Receive USD/pay DKK ​ ​ 3,151 ​ (3) Accrued liabilities ​ The net (losses) gains on derivative instruments in the condensed consolidated statements of income were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of (loss) gain ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of (loss) gain ​ Three-months ended hedging instruments under ​ recognized in income on ​ June 30, ​ June 30, ASC 815-20 derivatives 2021 2020 Foreign currency exchange contracts Interest and other income (expense), net ​ $ (1,528) ​ $ (2,235) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of (loss) gain ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of (loss) gain ​ Six-months ended hedging instruments under ​ recognized in income on ​ June 30, ​ June 30, ASC 815-20 derivatives 2021 2020 Foreign currency exchange contracts Interest and other income (expense), net ​ $ (5,398) ​ $ 4,058 ​

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2021
INVENTORIES
INVENTORIES	8. INVENTORIES ​ Inventories consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2021 2020 Raw materials ​ $ 211,159 ​ $ 155,166 Finished goods ​ 171,731 ​ 177,919 ​ ​ $ 382,890 ​ $ 333,085 ​

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	6 Months Ended
	Jun. 30, 2021
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET	9. PROPERTY AND EQUIPMENT, NET ​ Property and equipment consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2021 2020 Land ​ $ 85,740 ​ $ 85,876 Leasehold improvements ​ 11,938 ​ 11,524 Furniture and fixtures ​ 8,199 ​ 8,271 Office and computer equipment ​ 22,235 ​ 21,657 Computer software ​ 7,142 ​ 6,945 Equipment ​ 196,155 ​ 185,348 Buildings ​ 157,555 ​ 156,616 Vehicles ​ 45,120 ​ 43,173 ​ ​ 534,084 ​ 519,410 Less: accumulated depreciation and amortization ​ (224,906) ​ (204,754) ​ ​ $ 309,178 ​ $ 314,656 ​ Total depreciation and amortization expense recorded was $11.6 million and $12.3 million for the three-months ended June 30, 2021 and 2020, respectively. Total depreciation and amortization expense recorded was $23.3 million and $24.7 million for the six-months ended June 30, 2021 and 2020, respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2021
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 six-months ended June 30, 2021 and 2020 by reportable segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2020 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at June 30, 2021 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2019 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at June 30, 2020 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​ Intangible assets consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2021 ​ 2020 Amortizing intangibles ​ $ 66,875 ​ $ 66,875 Accumulated amortization ​ (59,025) ​ (56,801) ​ ​ 7,850 ​ 10,074 Non-amortizing intangibles ​ 1,050,473 ​ 1,048,972 ​ ​ $ 1,058,323 ​ $ 1,059,046 ​ Amortizing intangibles primarily consist of customer relationships. All amortizing intangibles have been assigned an estimated finite useful life and such intangibles are amortized on a straight-line basis over the number of years that approximate their respective useful lives, generally five ​ The following is the future estimated amortization expense related to amortizing intangibles as of June 30, 2021: ​ ​ ​ ​ ​ 2021 (excluding the six-months ended June 30, 2021) $ 2,203 2022 ​ ​ 4,405 2023 ​ ​ 1,112 2024 ​ ​ 14 2025 ​ ​ 13 2026 and thereafter ​ ​ 103 ​ ​ $ 7,850 ​

DISTRIBUTION AGREEMENTS

DISTRIBUTION AGREEMENTS	6 Months Ended
	Jun. 30, 2021
DISTRIBUTION AGREEMENTS
DISTRIBUTION AGREEMENTS	11 ​ 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, or at the inception of certain sales/marketing programs are accounted for as deferred revenue and are recognized as revenue ratably over the anticipated life of the respective agreement, generally 20 years or program, as the case may be. Revenue recognized was $10.4 million and $10.5 million for the three-months ended June 30, 2021 and 2020, respectively. Revenue recognized was $20.9 million and $21.1 million for the six-months ended June 30, 2021 and 2020, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2021
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES ​ The Company had purchase commitments aggregating approximately $67.3 million at June 30, 2021, 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 $219.2 million at June 30, 2021, which related primarily to sponsorships and other marketing activities. ​ The Company has a credit facility with HSBC Bank (China) Company Limited, Shanghai Branch, of $15.0 million. At June 30, 2021, the interest rate on borrowings under the line of credit was 5.5%. As of June 30, 2021, $5.0 million was outstanding on this line of credit. ​ Litigation ​ 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, and any related insurance reimbursements. During the three-months ended June 30, 2021, the Company reversed amounts previously accrued in connection with an intellectual property claim brought by the descendants of Hubert Hansen, in relation to the Company’s use of the Hubert Hansen name prior to the transaction with The Coca-Cola Company, that closed in 2015. The prior adverse jury verdict was reversed on appeal during the three-months ended June 30, 2021 and remanded for new trial. As of June 30, 2021, no loss contingencies were included in the Company’s condensed consolidated balance sheet.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	6 Months Ended
	Jun. 30, 2021
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	13. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME ​ Changes in accumulated other comprehensive (loss) income by component, after tax, for the six-months ended June 30, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency Gains (Losses) ​ ​ ​ ​ Translation ​ on Available-for- ​ ​ ​ ​ ​ Gains (Losses) ​ Sale Securities ​ Total Balance at December 31, 2020 ​ $ 2,950 ​ $ 84 ​ $ 3,034 Other comprehensive (loss) income before reclassifications ​ (19,696) ​ ​ (160) ​ ​ (19,856) Amounts reclassified from accumulated other comprehensive (loss) income ​ — ​ ​ — ​ ​ — Net current-period other comprehensive (loss) income ​ (19,696) ​ ​ (160) ​ ​ (19,856) Balance at June 30, 2021 ​ $ (16,746) ​ $ (76) ​ $ (16,822) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ (21,555) ​ ​ 504 ​ ​ (21,051) Amounts reclassified from accumulated other comprehensive (loss) income ​ — ​ ​ — ​ ​ — Net current-period other comprehensive (loss) income ​ (21,555) ​ ​ 504 ​ ​ (21,051) Balance at June 30, 2020 ​ $ (54,136) ​ $ 698 ​ $ (53,438) ​

TREASURY STOCK

TREASURY STOCK	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021, no shares were repurchased under the March 2020 Repurchase Plan. As of August 6, 2021, $441.5 million remained available for repurchase under the March 2020 Repurchase Plan. ​ During the three-months ended June 30, 2021, 4,265 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 $0.4 million. While such purchases are considered common stock repurchases, they are not counted as purchases against the Company’s authorized share repurchase programs. Such shares are included in common stock in treasury in the accompanying condensed consolidated balance sheet at June 30, 2021.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021: (i) the Monster Beverage Corporation 2020 Omnibus Incentive Plan, including 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, including the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors as a sub-plan thereunder. ​ The Company recorded $17.3 million and $15.9 million of compensation expense relating to outstanding options, restricted stock units, performance share units and other share-based awards during the three-months ended June 30, 2021 and 2020, respectively. The Company recorded $35.7 million and $33.0 million of compensation expense relating to outstanding options, restricted stock units, performance share units and other share-based awards during the six-months ended June 30, 2021 and 2020, 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 June 30, 2021 and 2020 was $2.7 million and $4.0 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 six-months ended June 30, 2021 and 2020 was $4.1 million and $5.7 million, respectively. ​ Stock Options ​ Under the Company’s stock-based compensation plans, all stock options granted as of June 30, 2021 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 June 30, ​ Six-Months Ended June 30, ​ ​ 2021 2020* 2021 2020 ​ Dividend yield ​ 0.0 % — ​ 0.0 % 0.0 % Expected volatility ​ 29.0 % — ​ 28.9 % 30.5 % Risk-free interest rate ​ 0.9 % — ​ 0.8 % 0.7 % Expected term ​ 5.9 years — ​ 5.8 years 5.8 years ​ * No options were granted during the three-months ended June 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, 2021 13,973 ​ $ 44.93 5.7 ​ $ 664,432 Granted 01/01/21 - 03/31/21 1,015 ​ $ 88.95 ​ ​ ​ ​ ​ Granted 04/01/21 - 06/30/21 13 ​ $ 91.36 ​ ​ ​ ​ ​ Exercised (570) ​ $ 42.95 ​ ​ ​ ​ ​ Cancelled or forfeited (57) ​ $ 61.56 ​ ​ ​ ​ ​ Outstanding at June 30, 2021 14,374 ​ $ 48.09 5.6 ​ $ 621,788 Vested and expected to vest in the future at June 30, 2021 14,058 ​ $ 47.61 5.5 ​ $ 614,822 Exercisable at June 30, 2021 9,682 ​ $ 40.31 4.5 ​ $ 494,110 ​ The weighted-average grant-date fair value of options granted during the three-months ended June 30, 2021 was $26.89 per share. No options were granted during the three-months ended June 30, 2020. The weighted-average grant-date fair value of options granted during the six-months ended June 30, 2021 and 2020 was $25.79 per share and $18.78 per share, respectively. ​ The total intrinsic value of options exercised during the three-months ended June 30, 2021 and 2020 was $21.0 million and $25.3 million, respectively. The total intrinsic value of options exercised during the six-months ended June 30, 2021 and 2020 was $28.2 million and $36.2 million, respectively. ​ Cash received from option exercises under all plans for the three-months ended June 30, 2021 and 2020 was $17.7 million and $29.9 million, respectively. Cash received from option exercises under all plans for the six-months ended June 30, 2021 and 2020 was $24.5 million and $43.8 million, respectively. ​ At June 30, 2021, there was $68.0 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 2.4 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, 2021 ​ 947 ​ $ 60.52 Granted 01/01/21 - 03/31/21 1 ​ 304 ​ $ 86.28 Granted 04/01/21 - 06/30/21 ​ 14 ​ $ 92.14 Vested ​ (344) ​ $ 62.27 Forfeited/cancelled ​ (4) ​ $ 60.15 Non-vested at June 30, 2021 ​ 917 ​ $ 68.89 ​ 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 depending on the achievement of pre-established performance goals. ​ The weighted-average grant-date fair value of restricted stock units and/or performance share units granted during the three-months ended June 30, 2021 and 2020 was $92.14 and $71.72 per share, respectively. The weighted-average grant-date fair value of restricted stock units and/or performance share units granted during the six-months ended June 30, 2021 and 2020 was $89.12 and $62.78 per share, respectively. ​ As of June 30, 2021, 0.9 million of restricted stock units and performance share units are expected to vest over their respective terms. ​ At June 30, 2021, total unrecognized compensation expense relating to non-vested restricted stock units and performance share units was $46.4 million, which is expected to be recognized over a weighted-average period of 2.2 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 June 30, 2021, other share-based awards outstanding included grants that vest over three years payable in the first quarters of 2022, 2023 and 2024. ​ At June 30, 2021, there was $1.6 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 1.1 years.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2021
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 six-months ended June 30, 2021: ​ ​ ​ ​ ​ ​ Gross Unrecognized Tax ​ ​ Benefits Balance at December 31, 2020 ​ $ 742 Additions for tax positions related to the current year ​ ​ — Additions for tax positions related to the prior years ​ ​ — Decreases for tax positions related to the prior years ​ (353) Balance at June 30, 2021 ​ $ 389 ​ The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes in the Company’s condensed consolidated financial statements. As of June 30, 2021, the Company had approximately $0.1 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 2017 through 2020 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 2016 through 2020 tax years.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2021
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 ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Weighted-average shares outstanding: ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ 528,653 526,911 528,425 531,486 Dilutive ​ 6,904 4,280 6,899 4,411 Diluted ​ 535,557 531,191 535,324 535,897 ​ For the three-months ended June 30, 2021 and 2020, options and awards outstanding totaling 1.0 million shares and 4.7 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive. For the six-months ended June 30, 2021 and 2020, options and awards outstanding totaling 0.6 million shares and 4.9 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2021
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 ready-to-drink packaged drinks 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 six-months ended June 30, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks⁽¹⁾ ​ $ 1,367,094 ​ $ 1,027,686 ​ $ 2,537,374 ​ $ 2,020,140 Strategic Brands ​ 86,935 ​ 59,566 ​ 154,744 ​ 124,104 Other ​ 7,905 ​ 6,644 ​ 13,633 ​ 11,749 Corporate and unallocated ​ — ​ — ​ — ​ — ​ ​ $ 1,461,934 ​ $ 1,093,896 ​ $ 2,705,751 ​ $ 2,155,993 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Operating Income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks⁽¹⁾ ​ $ 547,269 ​ $ 453,388 ​ $ 1,012,088 ​ $ 864,528 Strategic Brands ​ 54,074 ​ 37,692 ​ 99,214 ​ 74,411 Other ​ 2,230 ​ 1,626 ​ 4,024 ​ 2,412 Corporate and unallocated ​ (77,598) ​ (85,442) ​ (175,203) ​ (169,099) ​ ​ $ 525,975 ​ $ 407,264 ​ $ 940,123 ​ $ 772,252 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Income before tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks⁽¹⁾ ​ $ 547,619 ​ $ 453,418 ​ $ 1,012,587 ​ $ 864,596 Strategic Brands ​ 54,080 ​ 37,692 ​ 99,221 ​ 74,411 Other ​ 2,230 ​ 1,626 ​ 4,024 ​ 2,412 Corporate and unallocated ​ (77,082) ​ (87,268) ​ (175,598) ​ (170,090) ​ ​ $ 526,847 ​ $ 405,468 ​ $ 940,234 ​ $ 771,329 ​ (1) Includes $10.4 million and $10.5 million for the three- months ended June 30, 2021 and 2020, respectively, related to the recognition of deferred revenue. Includes $20.9 million and $21.1 million for the six-months ended June 30, 2021 and 2020, respectively, related to the recognition of deferred revenue. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 8,816 ​ $ 9,322 ​ $ 17,838 ​ $ 18,974 Strategic Brands ​ 285 ​ 1,675 ​ 549 ​ 3,705 Other ​ 1,126 ​ 1,194 ​ 2,252 ​ 2,358 Corporate and unallocated ​ 2,447 ​ 2,574 ​ 4,860 ​ 5,053 ​ ​ $ 12,674 ​ $ 14,765 ​ $ 25,499 ​ $ 30,090 ​ Corporate and unallocated expenses for the three-months ended June 30, 2021 include $61.2 million of payroll costs, of which $17.3 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $21.0 million attributable to professional service expenses, including accounting and legal costs, and $12.3 million of other operating expenses. Corporate and unallocated expenses for the three- months ended June 30, 2021 were partially offset by $16.9 million due to the reversal of amounts previously accrued in connection with an intellectual property claim. Corporate and unallocated expenses for the three-months ended June 30, 2020 include $56.5 million of payroll costs, of which $15.9 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $17.1 million attributable to professional service expenses, including accounting and legal costs, and $11.8 million of other operating expenses. ​ Corporate and unallocated expenses for the six-months ended June 30, 2021 include $126.3 million of payroll costs, of which $35.6 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $41.4 million attributable to professional service expenses, including accounting and legal costs, and $24.4 million of other operating expenses. Corporate and unallocated expenses for the six-months ended June 30, 2021, were partially offset by $16.9 million due to the reversal of amounts previously accrued in connection with an intellectual property claim. Corporate and unallocated expenses for the six-months ended June 30, 2020 include $111.8 million of payroll costs, of which $33.0 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $33.5 million attributable to professional service expenses, including accounting and legal costs, and $23.8 million of other operating expenses. ​ Coca-Cola Consolidated, Inc. accounted for approximately 11% and 13% of the Company’s net sales for the three-months ended June 30, 2021 and 2020, respectively. Coca-Cola Consolidated, Inc. accounted for approximately 11% and 12% of the Company’s net sales for the six-months ended June 30, 2021 and 2020, respectively. ​ Reyes Coca-Cola Bottling, LLC accounted for approximately 11% of the Company’s net sales for both the three-months ended June 30, 2021 and 2020. Reyes Coca-Cola Bottling, LLC accounted for approximately 10% and 11% of the Company’s net sales for the six-months ended June 30, 2021 and 2020, respectively. ​ Coca-Cola Europacific Partners (formerly Coca-Cola European Partners) accounted for approximately 12% and 8% of the Company’s net sales for the three-months ended June 30, 2021 and 2020, respectively. Coca-Cola Europacific Partners accounted for approximately 12% and 9% of the Company’s net sales for the six-months ended June 30, 2021 and 2020, respectively. ​ Net sales to customers outside the United States amounted to $546.3 million and $328.3 million for the three-months ended June 30, 2021 and 2020, respectively. Such sales were approximately 37% and 30% of net sales for the three-months ended June 30, 2021 and 2020, respectively. Net sales to customers outside the United States amounted to $1.0 billion and $685.1 million for the six-months ended June 30, 2021 and 2020, respectively. Such sales were approximately 37% and 32% of net sales for the six-months ended June 30, 2021 and 2020, respectively. ​ Goodwill and other intangible assets for the Company’s reportable segments as of June 30, 2021 and December 31, 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2021 2020 Goodwill and other intangible assets: ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 1,406,319 ​ $ 1,406,646 Strategic Brands ​ 975,957 ​ 974,132 Other ​ 7,690 ​ 9,911 Corporate and unallocated ​ — ​ — ​ ​ $ 2,389,966 ​ $ 2,390,689 ​

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2021
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 $20.1 million and $10.7 million for the three-months ended June 30, 2021 and 2020, 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 $36.2 million and $22.1 million for the six-months ended June 30, 2021 and 2020, respectively, and are included as a reduction to net sales. ​ TCCC commissions, based on sales to certain TCCC independent bottlers/distributors, were $8.1 million and $5.4 million for the three-months ended June 30, 2021 and 2020, respectively, and are included in operating expenses. TCCC commissions, based on sales to certain TCCC independent bottlers/distributors, were $13.6 million and $9.8 million for the six-months ended June 30, 2021 and 2020, respectively, and are included in operating expenses . ​ Net sales to the TCCC Subsidiaries for the three-months ended June 30, 2021 and 2020 were $27.0 million and $14.2 million, respectively. Net sales to the TCCC Subsidiaries for the six-months ended June 30, 2021 and 2020 were $54.1 million and $33.6 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 $7.7 million and $6.5 million for the three-months ended June 30, 2021 and 2020, respectively. Concentrate purchases from TCCC were $14.1 million and $10.8 million for the six-months ended June 30, 2021 and 2020, respectively. ​ Certain TCCC Subsidiaries also contract manufacture certain of the Company’s energy drinks. Such contract manufacturing expenses were $6.6 million and $2.2 million for the three-months ended June 30, 2021 and 2020, respectively. Such contract manufacturing expenses were $14.0 million and $6.2 million for the six-months ended June 30, 2021 and 2020, respectively. ​ Accounts receivable, accounts payable, accrued promotional allowances and accrued liabilities related to the TCCC Subsidiaries are as follows at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2021 2020 Accounts receivable, net ​ $ 57,207 ​ $ 44,925 Accounts payable ​ $ (36,687) ​ $ (30,792) Accrued promotional allowances ​ $ (6,332) ​ $ (5,834) Accrued liabilities ​ $ (25,578) ​ $ (15,446) ​ 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 June 30, 2021 and 2020 were $1.4 million and $0.8 million, respectively. Expenses incurred with such company in connection with promotional materials purchased during the six-months ended June 30, 2021 and 2020 were $1.8 million and $1.5 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 June 30, 2021, the Company recorded an equity loss of $0.08 million. During the six-months ended June 30, 2021, the Company recorded an equity loss of $0.12 million.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
	Jun. 30, 2021
REVENUE RECOGNITION
Schedule of disaggregation of revenue by geographical markets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks ​ $ 895,362 ​ $ 269,807 ​ $ 118,934 ​ $ 82,991 ​ $ 1,367,094 Strategic Brands ​ 49,388 ​ 27,875 ​ 7,006 ​ 2,666 ​ 86,935 Other ​ 7,905 ​ — ​ — ​ — ​ 7,905 Total Net Sales ​ $ 952,655 ​ $ 297,682 ​ $ 125,940 ​ $ 85,657 ​ $ 1,461,934 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ and ​ ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks ​ $ 746,946 ​ $ 129,921 ​ $ 112,832 ​ $ 37,987 ​ $ 1,027,686 Strategic Brands ​ ​ 41,155 ​ 12,794 ​ 5,186 ​ 431 ​ 59,566 Other ​ ​ 6,644 ​ — ​ — ​ — ​ 6,644 Total Net Sales ​ $ 794,745 ​ $ 142,715 ​ $ 118,018 ​ $ 38,418 ​ $ 1,093,896 ​ 1 Europe, Middle East and Africa (“EMEA”) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months Ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 1,668,866 ​ $ 489,107 ​ $ 225,681 ​ $ 153,720 ​ $ 2,537,374 Strategic Brands ​ ​ 87,071 ​ ​ 47,784 ​ ​ 15,444 ​ ​ 4,445 ​ ​ 154,744 Other ​ ​ 13,633 ​ ​ — ​ ​ — ​ ​ — ​ ​ 13,633 Total Net Sales ​ $ 1,769,570 ​ $ 536,891 ​ $ 241,125 ​ $ 158,165 ​ $ 2,705,751 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 1,436,964 ​ $ 294,692 ​ $ 198,736 ​ $ 89,747 ​ $ 2,020,139 Strategic Brands ​ ​ 79,026 ​ ​ 33,141 ​ ​ 10,503 ​ ​ 1,435 ​ ​ 124,105 Other ​ ​ 11,749 ​ ​ — ​ ​ — ​ ​ — ​ ​ 11,749 Total Net Sales ​ $ 1,527,739 ​ $ 327,833 ​ $ 209,239 ​ $ 91,182 ​ $ 2,155,993 ​ 1 Europe, Middle East and Africa (“EMEA”) ​

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2021
LEASES
Schedule of lease cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months ​ Three-Months ​ Six-Months ​ Six-Months ​ ​ Ended June 30, ​ Ended June 30, ​ Ended June 30, ​ Ended June 30, ​ 2021 2020 2021 2020 Operating lease cost ​ $ 1,114 ​ $ 893 ​ $ 2,245 ​ $ 2,338 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term lease cost ​ 1,182 ​ 877 ​ 2,135 ​ 1,584 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable lease cost ​ 185 ​ 160 ​ 347 ​ 322 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ 122 ​ 186 ​ 256 ​ 334 Interest on lease liabilities ​ 5 ​ 14 ​ 9 ​ 25 Finance lease cost ​ 127 ​ 200 ​ 265 ​ 359 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total lease cost ​ $ 2,608 ​ $ 2,130 ​ $ 4,992 ​ $ 4,603 ​
Schedule of supplemental cash flow information for leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months ​ Six-Months ​ ​ Ended June 30, ​ Ended June 30, ​ 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash outflows from operating leases ​ $ 2,008 ​ $ 2,084 Operating cash outflows from finance leases ​ ​ 9 ​ ​ 25 Financing cash outflows from finance leases ​ ​ 1,297 ​ ​ 1,680 ​ ​ ​ ​ ​ ​ ​ ROU assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ Finance leases ​ ​ 2,238 ​ ​ 2,024 Operating leases ​ ​ 166 ​ ​ 2,020 ​
Schedule of ROU assets for operating and finance leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases ​ $ 20,865 ​ $ 187 ​ $ 21,052 ​ Other Assets Finance leases ​ — ​ 2,495 ​ 2,495 ​ Property and Equipment, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases ​ $ 22,565 ​ $ 189 ​ $ 22,754 ​ Other Assets Finance leases ​ — ​ 2,120 ​ 2,120 ​ Property and Equipment, net
Summary of operating and finance lease liabilities recognized in the condensed consolidated balance sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ Operating Leases Finance Leases Accrued liabilities $ 2,976 ​ $ 1,742 Other liabilities ​ 16,032 ​ 19 Total ​ $ 19,008 ​ $ 1,761 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ Operating Leases Finance Leases Accrued liabilities $ 3,171 $ 799 Other liabilities ​ 17,342 ​ 24 Total ​ $ 20,513 ​ $ 823
Schedule of weighted-average remaining lease term and weighted-average discount rate	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Operating Leases Finance Leases Weighted-average remaining lease term (years) ​ 9.3 0.8 ​ Weighted-average discount rate ​ 3.6 % 1.2 % ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Operating Leases Finance Leases ​ Weighted-average remaining lease term (years) 9.4 ​ 0.6 ​ Weighted-average discount rate 3.6 % 1.9 % ​
Schedule of reconciliation of undiscounted future lease payments for operating and finance leases	​ ​ ​ ​ ​ ​ ​ ​ ​ Undiscounted Future Lease Payments ​ ​ Operating Leases Finance Leases 2021 (excluding the six-months ended June 30, 2021) ​ $ 1,879 ​ $ 1,389 2022 ​ ​ 3,180 ​ ​ 367 2023 ​ 2,417 ​ 11 2024 ​ 1,892 ​ 3 2025 ​ 1,601 ​ — 2026 and thereafter ​ 11,588 ​ — Total lease payments ​ 22,557 ​ 1,770 Less imputed interest ​ (3,549) ​ (9) Total ​ $ 19,008 ​ $ 1,761 ​ ​ ​ ​ ​ ​ ​ ​

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 186,912 ​ $ — ​ $ — ​ $ 186,912 ​ $ — ​ $ — Certificates of deposit ​ ​ 43,240 ​ ​ 2 ​ ​ — ​ ​ 43,242 ​ ​ — ​ ​ — U.S. government agency securities ​ 64,914 ​ 10 ​ 2 ​ 64,922 ​ 2 ​ — U.S. treasuries ​ ​ 673,912 ​ 35 ​ 71 ​ 673,876 ​ 71 ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency securities ​ ​ 29,659 ​ ​ — ​ ​ 8 ​ ​ 29,651 ​ ​ 8 ​ ​ — U.S. treasuries ​ ​ 61,423 ​ ​ — ​ ​ 41 ​ ​ 61,382 ​ ​ 41 ​ ​ — Total ​ $ 1,060,060 ​ $ 47 ​ $ 122 ​ $ 1,059,985 ​ $ 122 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous ​ Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than 12 December 31, 2020 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 119,886 ​ $ — ​ $ — ​ $ 119,886 ​ $ — ​ $ — Certificates of deposit ​ ​ 20,387 ​ ​ — ​ ​ — ​ ​ 20,387 ​ ​ — ​ ​ — Municipal securities ​ 9,083 ​ — ​ — ​ 9,083 ​ — ​ — U.S. government agency securities ​ 81,521 ​ 13 ​ 3 ​ 81,531 ​ 3 ​ — U.S. treasuries ​ ​ 650,386 ​ ​ 150 ​ ​ 69 ​ ​ 650,467 ​ ​ 69 ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency securities ​ ​ 10,350 ​ ​ 1 ​ ​ — ​ ​ 10,351 ​ ​ — ​ ​ — U.S. treasuries ​ ​ 33,946 ​ ​ 1 ​ ​ 7 ​ ​ 33,940 ​ ​ 7 ​ ​ — Total ​ $ 925,559 ​ $ 165 ​ $ 79 ​ $ 925,645 ​ $ 79 ​ $ — ​ ​
Summary of the underlying contractual maturities of investments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 ​ Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 186,912 ​ $ 186,912 $ 119,886 ​ $ 119,886 Municipal securities ​ — ​ — 9,083 ​ 9,083 U.S. government agency securities ​ 64,914 ​ 64,922 81,521 ​ 81,531 Certificates of deposit ​ 43,240 ​ 43,242 20,387 ​ 20,387 U.S. treasuries ​ ​ 673,912 ​ ​ 673,876 ​ ​ 650,386 ​ ​ 650,467 Due 1 - 10 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. treasuries ​ ​ 61,423 ​ ​ 61,382 ​ ​ 33,946 ​ ​ 33,940 U.S. government agency securities ​ 29,659 ​ 29,651 10,350 ​ 10,351 Total ​ $ 1,060,060 ​ $ 1,059,985 $ 925,559 ​ $ 925,645

FAIR VALUE OF CERTAIN FINANCI_2

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2021
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Schedule of financial assets and liabilities recorded at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 Level 1 Level 2 Level 3 Total Cash ​ $ 760,217 ​ $ — ​ $ — ​ $ 760,217 Money market funds ​ 809,022 ​ — ​ — ​ 809,022 Certificates of deposit ​ ​ — ​ ​ 43,242 ​ ​ — ​ ​ 43,242 Commercial paper ​ — ​ 186,912 ​ — ​ 186,912 U.S. government agency securities ​ — ​ 94,573 ​ — ​ 94,573 U.S. treasuries ​ ​ — ​ ​ 750,258 ​ ​ — ​ ​ 750,258 Foreign currency derivatives ​ — ​ 291 ​ — ​ 291 Total ​ $ 1,569,239 ​ $ 1,075,276 ​ $ — ​ $ 2,644,515 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,569,239 ​ $ 15,000 ​ $ — ​ $ 1,584,239 Short-term investments ​ — ​ 968,952 ​ — ​ 968,952 Accounts receivable, net ​ — ​ 609 ​ — ​ 609 Investments ​ — ​ 91,033 ​ — ​ 91,033 Accrued liabilities ​ — ​ (318) ​ — ​ (318) Total ​ $ 1,569,239 ​ $ 1,075,276 ​ $ — ​ $ 2,644,515 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 Level 1 Level 2 Level 3 Total Cash ​ $ 796,421 ​ $ — ​ $ — ​ $ 796,421 Money market funds ​ 352,730 ​ — ​ — ​ 352,730 Certificates of deposit ​ ​ — ​ ​ 23,137 ​ ​ — ​ ​ 23,137 Commercial paper ​ — ​ 130,883 ​ — ​ 130,883 Municipal securities ​ — ​ 9,083 ​ — ​ 9,083 U.S. government agency securities ​ — ​ 91,882 ​ — ​ 91,882 U.S. treasuries ​ ​ — ​ ​ 701,922 ​ ​ — ​ ​ 701,922 Foreign currency derivatives ​ — ​ (2,578) ​ — ​ (2,578) Total ​ $ 1,149,151 ​ $ 954,329 ​ $ — ​ $ 2,103,480 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,149,151 ​ $ 31,262 ​ $ — ​ $ 1,180,413 Short-term investments ​ — ​ 881,354 ​ — ​ 881,354 Accounts receivable, net ​ — ​ 69 ​ — ​ 69 Investments ​ — ​ 44,291 ​ — ​ 44,291 Accrued liabilities ​ — ​ (2,647) ​ — ​ (2,647) Total ​ $ 1,149,151 ​ $ 954,329 ​ $ — ​ $ 2,103,480 ​

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	6 Months Ended
	Jun. 30, 2021
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of notional amount and fair value of all outstanding foreign currency derivative instruments in the condensed consolidated balance sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under ​ Notional ​ Fair ​ ​ ASC 815-20 Amount Value Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ 40,272 ​ 245 Accounts receivable, net Receive USD/pay EUR ​ ​ 36,902 ​ ​ 135 ​ Accounts receivable, net Receive USD/pay COP ​ 8,272 ​ 94 Accounts receivable, net Receive USD/pay RUB ​ ​ 9,941 ​ ​ 81 ​ Accounts receivable, net Receive USD/pay NZD ​ ​ 2,185 ​ ​ 21 ​ Accounts receivable, net Receive USD/pay AUD ​ ​ 1,441 ​ ​ 16 ​ Accounts receivable, net Receive USD/pay DKK ​ ​ 1,560 ​ ​ 13 ​ Accounts receivable, net Receive USD/pay ZAR ​ ​ 1,258 ​ ​ 3 ​ Accounts receivable, net Receive USD/pay CNY ​ ​ 12,363 ​ ​ 1 ​ Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive NOK/pay USD ​ $ 9,782 ​ $ (154) Accrued liabilities Receive RSD/pay USD ​ ​ 13,471 ​ (133) ​ Accrued liabilities Receive SEK/pay USD ​ ​ 3,790 ​ ​ (28) ​ Accrued liabilities Receive SGD/pay USD ​ ​ 14,945 ​ ​ (3) ​ Accrued liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under ​ Notional ​ Fair ​ ​ FASB ASC 815-20 Amount Value Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive SGD/pay USD ​ $ 18,713 ​ $ 41 Accounts receivable, net Receive RSD/pay USD ​ ​ 10,127 ​ ​ 28 Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive EUR/pay USD ​ $ 1,298,899 ​ $ (1,768) ​ Accrued liabilities Receive USD/pay GBP ​ ​ 35,256 ​ ​ (416) Accrued liabilities Receive USD/pay AUD ​ ​ 8,508 ​ (130) Accrued liabilities Receive USD/pay ZAR ​ ​ 2,403 ​ ​ (106) ​ Accrued liabilities Receive USD/pay COP ​ ​ 5,436 ​ ​ (93) ​ Accrued liabilities Receive USD/pay CNY ​ ​ 12,344 ​ (50) Accrued liabilities Receive USD/pay RUB ​ ​ 7,780 ​ (40) Accrued liabilities Receive NOK/pay USD ​ ​ 4,411 ​ (18) Accrued liabilities Receive USD/pay NZD ​ ​ 2,290 ​ ​ (13) ​ Accrued liabilities Receive SEK/pay USD ​ ​ 2,275 ​ ​ (10) ​ Accrued liabilities Receive USD/pay DKK ​ ​ 3,151 ​ (3) Accrued liabilities ​
Schedule of net (losses) gains on derivative instruments in the condensed consolidated statements of income	The net (losses) gains on derivative instruments in the condensed consolidated statements of income were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of (loss) gain ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of (loss) gain ​ Three-months ended hedging instruments under ​ recognized in income on ​ June 30, ​ June 30, ASC 815-20 derivatives 2021 2020 Foreign currency exchange contracts Interest and other income (expense), net ​ $ (1,528) ​ $ (2,235) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of (loss) gain ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of (loss) gain ​ Six-months ended hedging instruments under ​ recognized in income on ​ June 30, ​ June 30, ASC 815-20 derivatives 2021 2020 Foreign currency exchange contracts Interest and other income (expense), net ​ $ (5,398) ​ $ 4,058

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2021
INVENTORIES
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2021 2020 Raw materials ​ $ 211,159 ​ $ 155,166 Finished goods ​ 171,731 ​ 177,919 ​ ​ $ 382,890 ​ $ 333,085

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 30, 2021
PROPERTY AND EQUIPMENT, NET
Schedule of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2021 2020 Land ​ $ 85,740 ​ $ 85,876 Leasehold improvements ​ 11,938 ​ 11,524 Furniture and fixtures ​ 8,199 ​ 8,271 Office and computer equipment ​ 22,235 ​ 21,657 Computer software ​ 7,142 ​ 6,945 Equipment ​ 196,155 ​ 185,348 Buildings ​ 157,555 ​ 156,616 Vehicles ​ 45,120 ​ 43,173 ​ ​ 534,084 ​ 519,410 Less: accumulated depreciation and amortization ​ (224,906) ​ (204,754) ​ ​ $ 309,178 ​ $ 314,656

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2021
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2020 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at June 30, 2021 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2019 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at June 30, 2020 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​
Schedule of intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2021 ​ 2020 Amortizing intangibles ​ $ 66,875 ​ $ 66,875 Accumulated amortization ​ (59,025) ​ (56,801) ​ ​ 7,850 ​ 10,074 Non-amortizing intangibles ​ 1,050,473 ​ 1,048,972 ​ ​ $ 1,058,323 ​ $ 1,059,046 ​
Schedule of future estimated amortization expense related to amortizing intangibles	The following is the future estimated amortization expense related to amortizing intangibles as of June 30, 2021: ​ ​ ​ ​ ​ 2021 (excluding the six-months ended June 30, 2021) $ 2,203 2022 ​ ​ 4,405 2023 ​ ​ 1,112 2024 ​ ​ 14 2025 ​ ​ 13 2026 and thereafter ​ ​ 103 ​ ​ $ 7,850

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)	6 Months Ended
	Jun. 30, 2021
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
Schedule of components of accumulated other comprehensive (loss) income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency Gains (Losses) ​ ​ ​ ​ Translation ​ on Available-for- ​ ​ ​ ​ ​ Gains (Losses) ​ Sale Securities ​ Total Balance at December 31, 2020 ​ $ 2,950 ​ $ 84 ​ $ 3,034 Other comprehensive (loss) income before reclassifications ​ (19,696) ​ ​ (160) ​ ​ (19,856) Amounts reclassified from accumulated other comprehensive (loss) income ​ — ​ ​ — ​ ​ — Net current-period other comprehensive (loss) income ​ (19,696) ​ ​ (160) ​ ​ (19,856) Balance at June 30, 2021 ​ $ (16,746) ​ $ (76) ​ $ (16,822) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ (21,555) ​ ​ 504 ​ ​ (21,051) Amounts reclassified from accumulated other comprehensive (loss) income ​ — ​ ​ — ​ ​ — Net current-period other comprehensive (loss) income ​ (21,555) ​ ​ 504 ​ ​ (21,051) Balance at June 30, 2020 ​ $ (54,136) ​ $ 698 ​ $ (53,438)

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2021
STOCK-BASED COMPENSATION
Schedule of weighted-average assumptions used to estimate the fair value of options granted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended June 30, ​ Six-Months Ended June 30, ​ ​ 2021 2020* 2021 2020 ​ Dividend yield ​ 0.0 % — ​ 0.0 % 0.0 % Expected volatility ​ 29.0 % — ​ 28.9 % 30.5 % Risk-free interest rate ​ 0.9 % — ​ 0.8 % 0.7 % Expected term ​ 5.9 years — ​ 5.8 years 5.8 years
Summary of activities with respect to its stock option plans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ ​ Weighted- ​ Average ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ ​ ​ ​ ​ Number of ​ Exercise ​ Contractual ​ Aggregate ​ ​ Shares (in ​ Price Per ​ Term (in ​ Intrinsic Options thousands) Share years) Value Outstanding at January 1, 2021 13,973 ​ $ 44.93 5.7 ​ $ 664,432 Granted 01/01/21 - 03/31/21 1,015 ​ $ 88.95 ​ ​ ​ ​ ​ Granted 04/01/21 - 06/30/21 13 ​ $ 91.36 ​ ​ ​ ​ ​ Exercised (570) ​ $ 42.95 ​ ​ ​ ​ ​ Cancelled or forfeited (57) ​ $ 61.56 ​ ​ ​ ​ ​ Outstanding at June 30, 2021 14,374 ​ $ 48.09 5.6 ​ $ 621,788 Vested and expected to vest in the future at June 30, 2021 14,058 ​ $ 47.61 5.5 ​ $ 614,822 Exercisable at June 30, 2021 9,682 ​ $ 40.31 4.5 ​ $ 494,110
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, 2021 ​ 947 ​ $ 60.52 Granted 01/01/21 - 03/31/21 1 ​ 304 ​ $ 86.28 Granted 04/01/21 - 06/30/21 ​ 14 ​ $ 92.14 Vested ​ (344) ​ $ 62.27 Forfeited/cancelled ​ (4) ​ $ 60.15 Non-vested at June 30, 2021 ​ 917 ​ $ 68.89 ​ 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 depending on the achievement of pre-established performance goals.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2021
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, 2020 ​ $ 742 Additions for tax positions related to the current year ​ ​ — Additions for tax positions related to the prior years ​ ​ — Decreases for tax positions related to the prior years ​ (353) Balance at June 30, 2021 ​ $ 389

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2021
EARNINGS PER SHARE
Schedule of reconciliation of the weighted average shares used in the basic and diluted earnings per common share computations	A reconciliation of the weighted-average shares used in the basic and diluted earnings per common share computations is presented below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Weighted-average shares outstanding: ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ 528,653 526,911 528,425 531,486 Dilutive ​ 6,904 4,280 6,899 4,411 Diluted ​ 535,557 531,191 535,324 535,897

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2021
SEGMENT INFORMATION
Schedule of net revenues and other financial information by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks⁽¹⁾ ​ $ 1,367,094 ​ $ 1,027,686 ​ $ 2,537,374 ​ $ 2,020,140 Strategic Brands ​ 86,935 ​ 59,566 ​ 154,744 ​ 124,104 Other ​ 7,905 ​ 6,644 ​ 13,633 ​ 11,749 Corporate and unallocated ​ — ​ — ​ — ​ — ​ ​ $ 1,461,934 ​ $ 1,093,896 ​ $ 2,705,751 ​ $ 2,155,993 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Operating Income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks⁽¹⁾ ​ $ 547,269 ​ $ 453,388 ​ $ 1,012,088 ​ $ 864,528 Strategic Brands ​ 54,074 ​ 37,692 ​ 99,214 ​ 74,411 Other ​ 2,230 ​ 1,626 ​ 4,024 ​ 2,412 Corporate and unallocated ​ (77,598) ​ (85,442) ​ (175,203) ​ (169,099) ​ ​ $ 525,975 ​ $ 407,264 ​ $ 940,123 ​ $ 772,252 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Income before tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks⁽¹⁾ ​ $ 547,619 ​ $ 453,418 ​ $ 1,012,587 ​ $ 864,596 Strategic Brands ​ 54,080 ​ 37,692 ​ 99,221 ​ 74,411 Other ​ 2,230 ​ 1,626 ​ 4,024 ​ 2,412 Corporate and unallocated ​ (77,082) ​ (87,268) ​ (175,598) ​ (170,090) ​ ​ $ 526,847 ​ $ 405,468 ​ $ 940,234 ​ $ 771,329 ​ (1) Includes $10.4 million and $10.5 million for the three- months ended June 30, 2021 and 2020, respectively, related to the recognition of deferred revenue. Includes $20.9 million and $21.1 million for the six-months ended June 30, 2021 and 2020, respectively, related to the recognition of deferred revenue. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 8,816 ​ $ 9,322 ​ $ 17,838 ​ $ 18,974 Strategic Brands ​ 285 ​ 1,675 ​ 549 ​ 3,705 Other ​ 1,126 ​ 1,194 ​ 2,252 ​ 2,358 Corporate and unallocated ​ 2,447 ​ 2,574 ​ 4,860 ​ 5,053 ​ ​ $ 12,674 ​ $ 14,765 ​ $ 25,499 ​ $ 30,090
Schedule of goodwill and other intangible assets for the reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2021 2020 Goodwill and other intangible assets: ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 1,406,319 ​ $ 1,406,646 Strategic Brands ​ 975,957 ​ 974,132 Other ​ 7,690 ​ 9,911 Corporate and unallocated ​ — ​ — ​ ​ $ 2,389,966 ​ $ 2,390,689

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2021
RELATED PARTY TRANSACTIONS
Schedule of related party transactions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2021 2020 Accounts receivable, net ​ $ 57,207 ​ $ 44,925 Accounts payable ​ $ (36,687) ​ $ (30,792) Accrued promotional allowances ​ $ (6,332) ​ $ (5,834) Accrued liabilities ​ $ (25,578) ​ $ (15,446)

REVENUE RECOGNITION - (Details)

REVENUE RECOGNITION - (Details)	6 Months Ended
	Jun. 30, 2021segment
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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Total Net Sales	$ 1,461,934	$ 1,093,896	$ 2,705,751	$ 2,155,993
Contract Liabilities
Deferred revenue	298,700		298,700		$ 309,900
Deferred revenue recognized in net sales	10,400	10,500	20,900	21,100
U.S. and Canada
Total Net Sales	952,655	794,745	1,769,570	1,527,739
EMEA
Total Net Sales	297,682	142,715	536,891	327,833
Asia Pacific
Total Net Sales	125,940	118,018	241,125	209,239
Latin America and Caribbean
Total Net Sales	85,657	38,418	158,165	91,182
Monster Energy Drinks
Total Net Sales	1,367,094	1,027,686	2,537,374	2,020,139
Monster Energy Drinks | U.S. and Canada
Total Net Sales	895,362	746,946	1,668,866	1,436,964
Monster Energy Drinks | EMEA
Total Net Sales	269,807	129,921	489,107	294,692
Monster Energy Drinks | Asia Pacific
Total Net Sales	118,934	112,832	225,681	198,736
Monster Energy Drinks | Latin America and Caribbean
Total Net Sales	82,991	37,987	153,720	89,747
Strategic Brands
Total Net Sales	86,935	59,566	154,744	124,105
Strategic Brands | U.S. and Canada
Total Net Sales	49,388	41,155	87,071	79,026
Strategic Brands | EMEA
Total Net Sales	27,875	12,794	47,784	33,141
Strategic Brands | Asia Pacific
Total Net Sales	7,006	5,186	15,444	10,503
Strategic Brands | Latin America and Caribbean
Total Net Sales	2,666	431	4,445	1,435
Other
Total Net Sales	7,905	6,644	13,633	11,749
Other | U.S. and Canada
Total Net Sales	$ 7,905	$ 6,644	$ 13,633	$ 11,749

LEASES - Lease Terms (Details)

LEASES - Lease Terms (Details)	6 Months Ended
	Jun. 30, 2021
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)	13 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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
LEASES
Operating lease cost	$ 1,114	$ 893	$ 2,245	$ 2,338
Short-term lease cost	1,182	877	2,135	1,584
Variable lease cost	185	160	347	322
Finance leases:
Amortization of ROU assets	122	186	256	334
Interest on lease liabilities	5	14	9	25
Finance lease cost	127	200	265	359
Total lease cost	$ 2,608	$ 2,130	$ 4,992	$ 4,603

LEASES - Supplemental cash flow

LEASES - Supplemental cash flow information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 2,008	$ 2,084
Operating cash outflows from finance leases	9	25
Financing cash outflows from finance leases	1,297	1,680
ROU assets obtained in exchange for lease obligations:
Finance leases	2,238	2,024
Operating leases	$ 166	$ 2,020

LEASES - ROU assets for operati

LEASES - ROU assets for operating and finance leases (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
ROU assets for operating and finance leases
Operating leases	$ 21,052	$ 22,754
Finance leases	2,495	2,120
Real Estate
ROU assets for operating and finance leases
Operating leases	20,865	22,565
Equipment
ROU assets for operating and finance leases
Operating leases	187	189
Finance leases	$ 2,495	$ 2,120

LEASES - Operating and finance

LEASES - Operating and finance leases liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Operating Leases	$ 19,008	$ 20,513
Finance Leases	1,761	823
Accrued liabilities
Lessee, Lease, Description [Line Items]
Operating Leases	2,976	3,171
Finance Leases	1,742	799
Other Liabilities
Lessee, Lease, Description [Line Items]
Operating Leases	16,032	17,342
Finance Leases	$ 19	$ 24

LEASES - Weighted-average remai

LEASES - Weighted-average remaining lease term and weighted-average discount rate (Details)	Jun. 30, 2021	Dec. 31, 2020
LEASES
Weighted-average remaining lease term (years), Operating Leases	9 years 3 months 18 days	9 years 4 months 24 days
Weighted-average remaining lease term (years), Finance Leases	9 months 18 days	7 months 6 days
Weighted-average discount rate, Operating Leases	3.60%	3.60%
Weighted-average discount rate, Finance Leases	1.20%	1.90%

LEASES - Undiscounted future le

LEASES - Undiscounted future lease payments for operating and finance leases (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Operating Leases
2021 (excluding the six-months ended June 30, 2021)	$ 1,879
2022	3,180
2023	2,417
2024	1,892
2025	1,601
2026 and thereafter	11,588
Total lease payments	22,557
Less imputed interest	(3,549)
Total	19,008	$ 20,513
Finance Leases
2021 (excluding the six-months ended June 30, 2021)	1,389
2022	367
2023	11
2024	3
Total lease payments	1,770
Less imputed interest	(9)
Total	$ 1,761	$ 823

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Available-for-sale
Amortized Cost	$ 1,060,060	$ 925,559
Gross Unrealized Holding Gains	47	165
Gross Unrealized Holding Losses	122	79
Fair Value	1,059,985	925,645
Continuous Unrealized Loss Position less than 12 Months	122	79
Short-term | Commercial paper
Available-for-sale
Amortized Cost	186,912	119,886
Fair Value	186,912	119,886
Short-term | Certificates of deposit
Available-for-sale
Amortized Cost	43,240	20,387
Gross Unrealized Holding Gains	2
Fair Value	43,242	20,387
Short-term | Municipal securities
Available-for-sale
Amortized Cost		9,083
Fair Value		9,083
Short-term | U.S. government agency securities
Available-for-sale
Amortized Cost	64,914	81,521
Gross Unrealized Holding Gains	10	13
Gross Unrealized Holding Losses	2	3
Fair Value	64,922	81,531
Continuous Unrealized Loss Position less than 12 Months	2	3
Short-term | U.S. treasuries
Available-for-sale
Amortized Cost	673,912	650,386
Gross Unrealized Holding Gains	35	150
Gross Unrealized Holding Losses	71	69
Fair Value	673,876	650,467
Continuous Unrealized Loss Position less than 12 Months	71	69
Long-term | U.S. government agency securities
Available-for-sale
Amortized Cost	29,659	10,350
Gross Unrealized Holding Gains		1
Gross Unrealized Holding Losses	8
Fair Value	29,651	10,351
Continuous Unrealized Loss Position less than 12 Months	8
Long-term | U.S. treasuries
Available-for-sale
Amortized Cost	61,423	33,946
Gross Unrealized Holding Gains		1
Gross Unrealized Holding Losses	41	7
Fair Value	61,382	33,940
Continuous Unrealized Loss Position less than 12 Months	$ 41	$ 7

INVESTMENTS - Maturity Period (

INVESTMENTS - Maturity Period (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Investments
Amortized Cost	$ 1,060,060	$ 925,559
Fair Value	1,059,985	925,645
Commercial paper | Less than 1 year
Investments
Amortized Cost	186,912	119,886
Fair Value	186,912	119,886
Municipal securities | Less than 1 year
Investments
Amortized Cost		9,083
Fair Value		9,083
U.S. government agency securities | Less than 1 year
Investments
Amortized Cost	64,914	81,521
Fair Value	64,922	81,531
U.S. government agency securities | Due 1 - 10 years
Investments
Amortized Cost	29,659	10,350
Fair Value	29,651	10,351
Certificates of deposit | Less than 1 year
Investments
Amortized Cost	43,240	20,387
Fair Value	43,242	20,387
U.S. treasuries | Less than 1 year
Investments
Amortized Cost	673,912	650,386
Fair Value	673,876	650,467
U.S. treasuries | Due 1 - 10 years
Investments
Amortized Cost	61,423	33,946
Fair Value	$ 61,382	$ 33,940

FAIR VALUE OF CERTAIN FINANCI_3

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Fair value of certain financial assets and liabilities
Cash and cash equivalents	$ 1,584,239	$ 1,180,413	$ 921,326	$ 797,957
Short-term investments	968,952	881,354
Investments	91,033	44,291
Asset transfers between Level 1 and Level 2 measurements	0	0
Total fair value
Fair value of certain financial assets and liabilities
Cash	760,217	796,421
Assets measured at fair value	2,644,515	2,103,480
Cash and cash equivalents	1,584,239	1,180,413
Short-term investments	968,952	881,354
Accounts receivable, net	609	69
Investments	91,033	44,291
Accrued liabilities	(318)	(2,647)
Foreign currency derivatives	291	(2,578)
Total fair value | Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	809,022	352,730
Total fair value | Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	43,242	23,137
Total fair value | Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	186,912	130,883
Total fair value | Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value		9,083
Total fair value | U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	94,573	91,882
Total fair value | U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	750,258	701,922
Level 1
Fair value of certain financial assets and liabilities
Cash	760,217	796,421
Assets measured at fair value	1,569,239	1,149,151
Cash and cash equivalents	1,569,239	1,149,151
Level 1 | Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	809,022	352,730
Level 2
Fair value of certain financial assets and liabilities
Assets measured at fair value	1,075,276	954,329
Cash and cash equivalents	15,000	31,262
Short-term investments	968,952	881,354
Accounts receivable, net	609	69
Investments	91,033	44,291
Accrued liabilities	(318)	(2,647)
Foreign currency derivatives	291	(2,578)
Level 2 | Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	43,242	23,137
Level 2 | Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	186,912	130,883
Level 2 | Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value		9,083
Level 2 | U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	94,573	91,882
Level 2 | U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	$ 750,258	$ 701,922

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Notional Amount and Fair Value (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
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 SGD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets		$ 18,713
Fair Value, Assets		41
Not designated as hedging instruments | Accounts receivable, net | Receive RSD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets		10,127
Fair Value, Assets		28
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay GBP
Derivative Instruments and Hedging Activities
Notional amount, Assets	$ 40,272
Fair Value, Assets	245
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay EUR
Derivative Instruments and Hedging Activities
Notional amount, Assets	36,902
Fair Value, Assets	135
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay RUB
Derivative Instruments and Hedging Activities
Notional amount, Assets	9,941
Fair Value, Assets	81
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay AUD
Derivative Instruments and Hedging Activities
Notional amount, Assets	1,441
Fair Value, Assets	16
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay CNY
Derivative Instruments and Hedging Activities
Notional amount, Assets	12,363
Fair Value, Assets	1
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay COP
Derivative Instruments and Hedging Activities
Notional amount, Assets	8,272
Fair Value, Assets	94
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay ZAR
Derivative Instruments and Hedging Activities
Notional amount, Assets	1,258
Fair Value, Assets	3
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay DKK
Derivative Instruments and Hedging Activities
Notional amount, Assets	1,560
Fair Value, Assets	13
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay NZD
Derivative Instruments and Hedging Activities
Notional amount, Assets	2,185
Fair Value, Assets	21
Not designated as hedging instruments | Accrued liabilities | Receive EUR/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		1,298,899
Fair Value, Liabilities		(1,768)
Not designated as hedging instruments | Accrued liabilities | Receive SGD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	14,945
Fair Value, Liabilities	(3)
Not designated as hedging instruments | Accrued liabilities | Receive RSD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	13,471
Fair Value, Liabilities	(133)
Not designated as hedging instruments | Accrued liabilities | Receive NOK/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	9,782	4,411
Fair Value, Liabilities	(154)	(18)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay GBP
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		35,256
Fair Value, Liabilities		(416)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay RUB
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		7,780
Fair Value, Liabilities		(40)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay AUD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		8,508
Fair Value, Liabilities		(130)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay CNY
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		12,344
Fair Value, Liabilities		(50)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay COP
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		5,436
Fair Value, Liabilities		(93)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay ZAR
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		2,403
Fair Value, Liabilities		(106)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay DKK
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		3,151
Fair Value, Liabilities		(3)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay NZD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		2,290
Fair Value, Liabilities		(13)
Not designated as hedging instruments | Accrued liabilities | Receive SEK/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	3,790	2,275
Fair Value, Liabilities	$ (28)	$ (10)

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Nonhedging Designation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
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	$ (1,528)	$ (2,235)	$ (5,398)	$ 4,058

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
INVENTORIES
Raw materials	$ 211,159	$ 155,166
Finished goods	171,731	177,919
Inventories	$ 382,890	$ 333,085

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Property and equipment, net
Property and equipment, gross	$ 534,084		$ 534,084		$ 519,410
Less: accumulated depreciation and amortization	(224,906)		(224,906)		(204,754)
Property and equipment, net	309,178		309,178		314,656
Total depreciation and amortization expense	11,600	$ 12,300	23,300	$ 24,700
Land
Property and equipment, net
Property and equipment, gross	85,740		85,740		85,876
Leasehold improvements
Property and equipment, net
Property and equipment, gross	11,938		11,938		11,524
Furniture and fixtures
Property and equipment, net
Property and equipment, gross	8,199		8,199		8,271
Office and computer equipment
Property and equipment, net
Property and equipment, gross	22,235		22,235		21,657
Computer software
Property and equipment, net
Property and equipment, gross	7,142		7,142		6,945
Equipment
Property and equipment, net
Property and equipment, gross	196,155		196,155		185,348
Buildings
Property and equipment, net
Property and equipment, gross	157,555		157,555		156,616
Vehicles
Property and equipment, net
Property and equipment, gross	$ 45,120		$ 45,120		$ 43,173

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Intangible assets
Amortizing intangibles	$ 66,875		$ 66,875		$ 66,875
Accumulated amortization	(59,025)		(59,025)		(56,801)
Amortizing intangibles, net	7,850		7,850		10,074
Non-amortizing intangibles	1,050,473		1,050,473		1,048,972
Intangibles, net	1,058,323		1,058,323		$ 1,059,046
Amortization expense	$ 1,100	$ 2,500	$ 2,200	$ 5,400
Impairment of intangibles				4,000
Impairment charge of Strategic Brand trademark		$ 1,000		$ 4,000
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	Jun. 30, 2021	Dec. 31, 2020
Future estimated amortization expense related to amortizing intangibles
2021 (excluding the six-months ended June 30, 2021)	$ 2,203
2022	4,405
2023	1,112
2024	14
2025	13
2026 and thereafter	103
Amortizing intangibles, net	$ 7,850	$ 10,074

DISTRIBUTION AGREEMENTS (Detail

DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
DISTRIBUTION AGREEMENTS
Distribution agreement (in years)			20 years
Revenue recognized	$ 10.4	$ 10.5	$ 20.9	$ 21.1

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Purchase Commitments (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)
Purchase Commitments
Aggregate contractual obligations	$ 219.2
Line of credit
Purchase Commitments
Maximum borrowing capacity	$ 15
Interest rate (as a percent)	5.50%
Amount outstanding	$ 5
Raw materials
Purchase Commitments
Purchase commitments	$ 67.3
Obligation term ( in years)	1 year

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Litigation (Details) $ in Thousands	Jun. 30, 2021USD ($)
COMMITMENTS AND CONTINGENCIES
Accrued loss contingencies	$ 0

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	$ 3,034	$ 32,387
Other comprehensive (loss) income before reclassifications	(19,856)	(21,051)
Net current-period other comprehensive (loss) income	(19,856)	(21,051)
Balance at the end of the period	(16,822)	53,438
Currency Translation Gains (Losses)
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	2,950	(32,581)
Other comprehensive (loss) income before reclassifications	(19,696)	(21,555)
Net current-period other comprehensive (loss) income	(19,696)	(21,555)
Balance at the end of the period	(16,746)	(54,136)
Unrealized Gains (Losses) on Available-for-Sale Securities
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	84	194
Other comprehensive (loss) income before reclassifications	(160)	504
Net current-period other comprehensive (loss) income	(160)	504
Balance at the end of the period	$ (76)	$ 698

TREASURY STOCK (Details)

TREASURY STOCK (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Aug. 06, 2021	Mar. 13, 2020
Treasury Stock Purchase
Number of shares repurchased of common stock from employees in lieu of cash or withholding taxes due	4,265
Cash payment for repurchase of common stock from employees in lieu of cash or withholding taxes due	$ 0.4
March 2020 Repurchase Plan
Treasury Stock Purchase
Share repurchase program, authorized amount		$ 441.5
Common stock repurchased (in shares)	0
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	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)plan	Jun. 30, 2020USD ($)
STOCK-BASED COMPENSATION
Stock-based compensation plans | plan			2
Compensation expense on share-based plans	$ 17.3	$ 15.9	$ 35.7	$ 33
Excess tax benefit realized for tax deductions from non-qualified stock option exercises and disqualifying dispositions of incentive stock options	$ 2.7	$ 4	$ 4.1	$ 5.7

STOCK-BASED COMPENSATION - Fair

STOCK-BASED COMPENSATION - Fair Value Assumptions (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Stock options, Number of Shares
Balance at the beginning of the period (in shares)		13,973,000		13,973,000
Granted (in shares)	13,000	1,015,000
Exercised (in shares)				(570,000)
Cancelled or forfeited (in shares)				(57,000)
Balance at the end of the period (in shares)	14,374,000			14,374,000		13,973,000
Vested and expected to vest in the future at the end of the period (in shares)	14,058,000			14,058,000
Exercisable at the end of the period (in shares)	9,682,000			9,682,000
Stock options, Weighted-Average Exercise Price Per Share
Balance at the beginning of the period (in dollars per share)		$ 44.93		$ 44.93
Granted (in dollars per share)	$ 91.36	$ 88.95
Exercised (in dollars per share)				42.95
Cancelled or forfeited (in dollars per share)				61.56
Balance at the end of the period (in dollars per share)	48.09			48.09		$ 44.93
Vested and expected to vest in the future at the end of the period (in dollars per share)	47.61			47.61
Exercisable at the end of the period (in dollars per share)	$ 40.31			$ 40.31
Weighted-Average Remaining Contractual Term (in years)
Weighted-Average Remaining Contractual Terms (in years)				5 years 7 months 6 days		5 years 8 months 12 days
Vested and expected to vest in the future at the end of the period				5 years 6 months
Exercisable at the end of the period				4 years 6 months
Aggregate Intrinsic Value
Balance at the beginning of the period		$ 664,432		$ 664,432
Balance at the end of the period	$ 621,788			621,788		$ 664,432
Vested and expected to vest in the future at the end of the period	614,822			614,822
Exercisable at the end of the period	$ 494,110			$ 494,110
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)	29.00%			28.90%	30.50%
Risk-free interest rate (as a percent)	0.90%			0.80%	0.70%
Expected term	5 years 10 months 24 days		0 years	5 years 9 months 18 days	5 years 9 months 18 days
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 Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
STOCK-BASED COMPENSATION
Total intrinsic value of options exercised	$ 21		$ 25.3	$ 28.2	$ 36.2
Stock units expected to vest (in shares)	14,058			14,058
Stock Options
STOCK-BASED COMPENSATION
Weighted-average grant-date fair value of options granted (in dollars per share)	$ 26.89			$ 25.79	$ 18.78
Cash received from option exercises	$ 17.7		$ 29.9	$ 24.5	$ 43.8
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 68			$ 68
Cost expected to be recognized over a weighted-average period				2 years 4 months 24 days
Restricted stock units
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)	$ 92.14		$ 71.72	$ 89.12	$ 62.78
Restricted Stock Units and Performance Share Units
STOCK-BASED COMPENSATION
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 46.4			$ 46.4
Cost expected to be recognized over a weighted-average period				2 years 2 months 12 days
Stock units expected to vest (in shares)	900			900
Number of Shares
Non-vested at the beginning of the period (in shares)		947		947
Granted (in shares)	14	304
Vested (in shares)				(344)
Forfeited/cancelled (in shares)				(4)
Non-vested at the end of the period (in shares)	917			917
Weighted Average Grant-Date Fair Value
Non-vested at the beginning of the period (in dollars per share)		$ 60.52		$ 60.52
Granted (in dollars per share)	$ 92.14	$ 86.28
Vested (in dollars per share)				62.27
Forfeited/cancelled (in dollars per share)				60.15
Non-vested at the end of the period (in dollars per share)	$ 68.89			$ 68.89
Performance Share Units
STOCK-BASED COMPENSATION
Percentage of Target Performance Level				100.00%
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	$ 1.6			$ 1.6
Cost expected to be recognized over a weighted-average period				1 year 1 month 6 days

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefit Rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Gross unrecognized tax benefits, roll forward
Balance at the beginning of the period	$ 742
Additions for tax positions related to the current year	0
Additions for tax positions related to the prior years	0
Decreases for tax positions related to the prior years	(353)
Balance at the end of the period	389
Accrued interest and penalties related to unrecognized tax benefits	$ 100

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Weighted-average shares outstanding:
Basic	528,653	526,911	528,425	531,486
Dilutive	6,904	4,280	6,899	4,411
Diluted	535,557	531,191	535,324	535,897
Options and awards outstanding excluded from the calculations as their effect would have been antidilutive (in shares)	1,000	4,700	600	4,900

SEGMENT INFORMATION - Net Reven

SEGMENT INFORMATION - Net Revenues (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)segment	Jun. 30, 2020USD ($)
Segment information
Number of reportable segments | segment			3
Number of operating segments | segment			3
Total Net Sales	$ 1,461,934	$ 1,093,896	$ 2,705,751	$ 2,155,993
Operating income	525,975	407,264	940,123	772,252
Income before tax	526,847	405,468	940,234	771,329
Recognition of deferred revenue	10,400	10,500	20,900	21,100
Corporate and unallocated
Segment information
Operating income	(77,598)	(85,442)	(175,203)	(169,099)
Income before tax	(77,082)	(87,268)	(175,598)	(170,090)
Monster Energy Drinks
Segment information
Total Net Sales	1,367,094	1,027,686	2,537,374	2,020,139
Monster Energy Drinks | Operating segment
Segment information
Total Net Sales	1,367,094	1,027,686	2,537,374	2,020,140
Operating income	547,269	453,388	1,012,088	864,528
Income before tax	547,619	453,418	1,012,587	864,596
Recognition of deferred revenue	10,400	10,500	20,900	21,100
Strategic Brands
Segment information
Total Net Sales	86,935	59,566	154,744	124,105
Strategic Brands | Operating segment
Segment information
Total Net Sales	86,935	59,566	154,744	124,104
Operating income	54,074	37,692	99,214	74,411
Income before tax	54,080	37,692	99,221	74,411
Other
Segment information
Total Net Sales	7,905	6,644	13,633	11,749
Other | Operating segment
Segment information
Total Net Sales	7,905	6,644	13,633	11,749
Operating income	2,230	1,626	4,024	2,412
Income before tax	$ 2,230	$ 1,626	$ 4,024	$ 2,412

SEGMENT INFORMATION - Depreciat

SEGMENT INFORMATION - Depreciation and Amortization (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment information
Depreciation and amortization			$ 27,489	$ 32,057
Depreciation and amortization	$ 12,674	$ 14,765	25,499	30,090
Corporate and unallocated
Segment information
Depreciation and amortization	2,447	2,574	4,860	5,053
Monster Energy Drinks | Operating segment
Segment information
Depreciation and amortization	8,816	9,322	17,838	18,974
Strategic Brands | Operating segment
Segment information
Depreciation and amortization	285	1,675	549	3,705
Other | Operating segment
Segment information
Depreciation and amortization	$ 1,126	$ 1,194	$ 2,252	$ 2,358

SEGMENT INFORMATION - Expenses

SEGMENT INFORMATION - Expenses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment information
Stock-based compensation expense	$ 17.3	$ 15.9	$ 35.7	$ 33
Other operating expenses			24.4
Corporate and unallocated
Segment information
Payroll costs	61.2	56.5	126.3	111.8
Stock-based compensation expense	17.3	15.9	35.6	33
Professional service expenses	21	17.1	41.4	33.5
Intellectual property claim	16.9		$ 16.9
Other operating expenses	$ 12.3	$ 11.8		$ 23.8

SEGMENT INFORMATION - Concentra

SEGMENT INFORMATION - Concentration Risk (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment information
Total Net Sales	$ 1,461,934	$ 1,093,896	$ 2,705,751	$ 2,155,993
Net Sales | Outside United States
Segment information
Total Net Sales	$ 546,300	$ 328,300	$ 1,000,000	$ 685,100
Net Sales | Customer concentration | Outside United States
Segment information
Percentage of net sales	37.00%	30.00%	37.00%	32.00%
Coca-Cola Consolidated, Inc | Net Sales | Customer concentration
Segment information
Percentage of net sales	11.00%	13.00%	11.00%	12.00%
Reyes Coca-Cola Bottling | Net Sales | Customer concentration
Segment information
Percentage of net sales	11.00%	11.00%	10.00%	11.00%
Coca-Cola European Partners | Net Sales | Customer concentration
Segment information
Percentage of net sales	12.00%	8.00%	12.00%	9.00%

SEGMENT INFORMATION - Goodwill

SEGMENT INFORMATION - Goodwill and other intangible assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Segment information
Goodwill and other intangible assets	$ 2,389,966	$ 2,390,689
Monster Energy Drinks | Operating segment
Segment information
Goodwill and other intangible assets	1,406,319	1,406,646
Strategic Brands | Operating segment
Segment information
Goodwill and other intangible assets	975,957	974,132
Other | Operating segment
Segment information
Goodwill and other intangible assets	$ 7,690	$ 9,911

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)director	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2018USD ($)
TCCC
Related party transactions
Net sales	$ 27,000	$ 14,200	$ 54,100	$ 33,600
Purchases from related party	$ 7,700	6,500	$ 14,100	10,800
TCCC | Voting interests
Related party transactions
Related Party Ownership Interest (as a percent)	19.30%		19.30%
TCCC Subsidiaries and TCCC Related parties
Related party transactions
Commission expenses	$ 20,100	10,700	$ 36,200	22,100
TCCC Subsidiaries and TCCC Related parties | Monster Energy Drinks
Related party transactions
Contract manufacturing expenses			14,000	6,200
TCCC Related parties and TCCC Independent Bottlers | Operating expense
Related party transactions
Commission expenses	8,100	5,400	13,600	9,800
TCCC Subsidiaries
Related party transactions
Accounts receivable, net	57,207		57,207		$ 44,925
Accounts payable	(36,687)		(36,687)		(30,792)
Accrued promotional allowances	(6,332)		(6,332)		(5,834)
Accrued liabilities	(25,578)		$ (25,578)		$ (15,446)
TCCC Subsidiaries | Monster Energy Drinks
Related party transactions
Contract manufacturing expenses	6,600	2,200
Principal owners
Related party transactions
Number of directors | director			1
Expenses incurred in connection with materials or services provided by a related party	1,400	$ 800	$ 1,800	$ 1,500
Director
Related party transactions
Ownership percentage						50.00%
Partnership contribution	1,400		1,400			$ 1,900
Gain (loss) on investment	$ 80		$ (120)