Monster Beverage (MNST) 10-Q 5 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Jul. 29, 2022
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
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		526,885,495
Entity Central Index Key	0000865752
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED FINANCIA

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 1,132,039	$ 1,326,462
Short-term investments	1,337,792	1,749,727
Accounts receivable, net	1,175,587	896,658
Inventories	885,948	593,357
Prepaid expenses and other current assets	132,273	82,668
Prepaid income taxes	32,981	33,238
Total current assets	4,696,620	4,682,110
INVESTMENTS	64,119	99,419
PROPERTY AND EQUIPMENT, net	464,541	313,753
DEFERRED INCOME TAXES, net	203,287	225,221
GOODWILL	1,412,941	1,331,643
OTHER INTANGIBLE ASSETS, net	1,223,114	1,072,386
OTHER ASSETS	110,390	80,252
Total Assets	8,175,012	7,804,784
CURRENT LIABILITIES:
Accounts payable	492,858	404,263
Accrued liabilities	209,154	210,964
Accrued promotional allowances	277,618	211,461
Deferred revenue	44,344	42,530
Accrued compensation	53,717	65,459
Income taxes payable	15,917	30,399
Total current liabilities	1,093,608	965,076
DEFERRED REVENUE	232,170	243,249
OTHER LIABILITIES	40,056	29,508
COMMITMENTS AND CONTINGENCIES (Note 12)
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 1,250,000 shares authorized; 640,944 shares issued and 526,772 shares outstanding as of June 30, 2022; 640,043 shares issued and 529,323 shares outstanding as of December 31, 2021	3,205	3,200
Additional paid-in capital	4,707,569	4,652,620
Retained earnings	8,377,112	7,809,549
Accumulated other comprehensive loss	(152,957)	(69,165)
Common stock in treasury, at cost; 114,172 shares and 110,720 shares as of June 30, 2022 and December 31, 2021, respectively	(6,125,751)	(5,829,253)
Total stockholders' equity	6,809,178	6,566,951
Total Liabilities and Stockholders' Equity	$ 8,175,012	$ 7,804,784

CONDENSED CONSOLIDATED FINANC_2

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (Parenthetical) - $ / shares shares in Thousands	Jun. 30, 2022	Dec. 31, 2021
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
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	640,944	640,043
Common stock, shares outstanding	526,772	529,323
Common stock in treasury, shares	114,172	110,720

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
NET SALES	$ 1,655,260	$ 1,461,934	$ 3,173,833	$ 2,705,751
COST OF SALES	875,399	625,096	1,617,306	1,153,976
GROSS PROFIT	779,861	836,838	1,556,527	1,551,775
OPERATING EXPENSES	406,910	310,863	784,088	611,652
OPERATING INCOME	372,951	525,975	772,439	940,123
INTEREST and OTHER (EXPENSE) INCOME, net	(6,781)	872	(14,080)	111
INCOME BEFORE PROVISION FOR INCOME TAXES	366,170	526,847	758,359	940,234
PROVISION FOR INCOME TAXES	92,810	123,085	190,796	221,278
NET INCOME	$ 273,360	$ 403,762	$ 567,563	$ 718,956
NET INCOME PER COMMON SHARE:
Basic	$ 0.52	$ 0.76	$ 1.07	$ 1.36
Diluted	$ 0.51	$ 0.75	$ 1.06	$ 1.34
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS:
Basic	528,617	528,653	529,009	528,425
Diluted	534,811	535,557	535,209	535,324

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income, as reported	$ 273,360	$ 403,762	$ 567,563	$ 718,956
Other comprehensive income (loss):
Change in foreign currency translation adjustment	(79,707)	8,235	(78,628)	(19,696)
Available-for-sale investments:
Change in net unrealized (losses) gains	(1,105)	(183)	(5,164)	(160)
Net change in available-for-sale investments	(1,105)	(183)	(5,164)	(160)
Other comprehensive income (loss)	(80,812)	8,052	(83,792)	(19,856)
Comprehensive income	$ 192,548	$ 411,814	$ 483,771	$ 699,100

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 Income (Loss)	Treasury stock	Total
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	$ 0	17,949	0	0	$ 0	17,949
Exercise of stock options	$ 3	6,758	0	0	$ 0	6,761
Exercise of stock options (in shares)	492				0
Unrealized gain, net on available-for-sale securities	$ 0	0	0	24	$ 0	24
Repurchase of common stock	$ 0	0	0	0	$ (13,419)	(13,419)
Repurchase of common stock (in shares)	0				(150)
Foreign currency translation	$ 0	0	0	(27,932)	$ 0	(27,932)
Net income	0	0	315,194	0	0	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
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	$ 0	16,921	0	0	$ 0	16,921
Exercise of stock options	$ 2	17,723	0	0	$ 0	17,725
Exercise of stock options (in shares)	422				0
Unrealized loss, net on available-for-sale securities	$ 0	0	0	(183)	$ 0	(183)
Repurchase of common stock	$ 0	0	0	0	$ (399)	(399)
Repurchase of common stock (in shares)	0				(4)
Foreign currency translation	$ 0	0	0	8,235	$ 0	8,235
Net income	0	0	403,762	0	0	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)
Balance at Dec. 31, 2021	$ 3,200	4,652,620	7,809,549	(69,165)	$ (5,829,253)	6,566,951
Balance (in shares) at Dec. 31, 2021	640,043				(110,720)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		16,175				16,175
Exercise of stock options	$ 3	4,507				4,510
Exercise of stock options (in shares)	485
Unrealized loss, net on available-for-sale securities				(4,059)		(4,059)
Repurchase of common stock					$ (12,187)	(12,187)
Repurchase of common stock (in shares)					(166)
Foreign currency translation				1,079		1,079
Net income			294,203			294,203
Balance at Mar. 31, 2022	$ 3,203	4,673,302	8,103,752	(72,145)	$ (5,841,440)	6,866,672
Balance (in shares) at Mar. 31, 2022	640,528				(110,886)
Balance at Dec. 31, 2021	$ 3,200	4,652,620	7,809,549	(69,165)	$ (5,829,253)	$ 6,566,951
Balance (in shares) at Dec. 31, 2021	640,043				(110,720)
Increase (Decrease) in Stockholders' Equity
Exercise of stock options (in shares)						520
Net income						$ 567,563
Balance at Jun. 30, 2022	$ 3,205	4,707,569	8,377,112	(152,957)	$ (6,125,751)	6,809,178
Balance (in shares) at Jun. 30, 2022	640,944				(114,172)
Balance at Mar. 31, 2022	$ 3,203	4,673,302	8,103,752	(72,145)	$ (5,841,440)	6,866,672
Balance (in shares) at Mar. 31, 2022	640,528				(110,886)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		16,157				16,157
Exercise of stock options	$ 2	18,110				18,112
Exercise of stock options (in shares)	416
Unrealized loss, net on available-for-sale securities				(1,105)		(1,105)
Repurchase of common stock					$ (284,311)	(284,311)
Repurchase of common stock (in shares)					(3,286)
Foreign currency translation				(79,707)		(79,707)
Net income			273,360			273,360
Balance at Jun. 30, 2022	$ 3,205	$ 4,707,569	$ 8,377,112	$ (152,957)	$ (6,125,751)	$ 6,809,178
Balance (in shares) at Jun. 30, 2022	640,944				(114,172)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 567,563	$ 718,956
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	30,432	25,499
Non-cash lease expense	3,222	1,990
Gain on disposal of property and equipment	(69)	(822)
Stock-based compensation	32,609	35,691
Deferred income taxes	21,934	353
Effect on cash of changes in operating assets and liabilities net of acquisition:
Accounts receivable	(289,236)	(239,540)
Inventories	(299,076)	(52,541)
Prepaid expenses and other assets	(55,663)	(28,232)
Prepaid income taxes	(1,220)	2,452
Accounts payable	85,499	63,619
Accrued liabilities	(789)	29,883
Accrued promotional allowances	77,746	42,665
Accrued compensation	(15,311)	(10,782)
Income taxes payable	(14,666)	7,696
Other liabilities	(3,211)	621
Deferred revenue	(9,101)	(10,922)
Net cash provided by operating activities	130,663	586,586
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of available-for-sale investments	1,409,707	660,965
Purchases of available-for-sale investments	(964,267)	(795,467)
Acquisition of CANarchy, net of cash	(329,472)
Purchases of property and equipment	(99,446)	(15,522)
Proceeds from sale of property and equipment	372	1,024
Additions to intangibles	(9,894)	(9,926)
Increase in other assets	(12,738)	(21,236)
Net cash used in investing activities	(5,738)	(180,162)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on debt	4,924	3,624
Issuance of common stock	22,622	24,486
Purchases of common stock held in treasury	(296,499)	(13,818)
Net cash (used in) provided by financing activities	(268,953)	14,292
Effect of exchange rate changes on cash and cash equivalents	(50,395)	(16,890)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(194,423)	403,826
CASH AND CASH EQUIVALENTS, beginning of period	1,326,462	1,180,413
CASH AND CASH EQUIVALENTS, end of period	1,132,039	1,584,239
Cash paid during the period for:
Interest	227	52
Income taxes	$ 209,513	$ 215,803

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, 2022	Jun. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - NON-CASH SUPPLEMENTAL DATA
Accrued liabilities for intangible assets	$ 3.4	$ 1.3
Accounts payable on short-term investments	$ 3.4

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2022
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, 2021 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, 2022 and 2021, 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 Pronouncements There have been no changes in recently issued or adopted accounting pronouncements that would materially impact the Company from those disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Jun. 30, 2022
ACQUISITIONS
ACQUISITIONS	2. ACQUISITIONS On February 17, 2022, the Company completed its acquisition of CANarchy Craft Brewery Collective LLC (“CANarchy”), a craft beer and hard seltzer company, for $330.4 million in cash, subject to adjustments (the “CANarchy Transaction”). The CANarchy Transaction facilitates the Company’s entry into the alcohol beverage sector and brings the Cigar City TM TM TM TM TM TM TM The Company accounted for the CANarchy Transaction in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805 “Business Combinations”. The following table summarizes the fair value allocations of the CANarchy Transaction: ​ ​ ​ ​ ​ ​ ​ ​ ​ Identifiable ​ ​ ​ ​ Assets ​ ​ ​ ​ ​ Acquired and ​ ​ ​ ​ ​ Liabilities ​ Consideration ​ ​ Assumed ​ Transferred Intangibles - trademarks (non-amortizing) ​ $ 94,500 ​ $ — Intangibles - customer relationships (amortizing) ​ ​ 54,500 ​ — Intangibles - permits (non-amortizing) ​ ​ 6,000 ​ — Property and equipment, net ​ ​ 81,285 ​ — Inventory ​ ​ 18,300 ​ — Right-of -use assets ​ ​ 12,836 ​ — Operating lease liabilities ​ ​ (12,836) ​ — Working capital (excluding inventory) ​ ​ (5,640) ​ — Other ​ ​ (770) ​ — Goodwill ​ ​ 81,298 ​ — Cash ​ 3,248 ​ 332,721 Total ​ $ 332,721 ​ $ 332,721 ​ The Company determined the fair values as follows: ● Trademarks – relief-from-royalty method of the income approach ● Customer relationships – distributor method of the income approach ● Permits – with-and-without method of the income approach ● Property and equipment – cost approach ● Inventory – comparative sales method and replacement cost method The book value of the working capital (excluding inventory) approximates fair value. The Company has determined goodwill in accordance with ASC 805-30-30-1, “Business Combinations,” which requires the recognition of goodwill for the excess of the aggregate consideration over the net amounts of identifiable assets acquired and liabilities assumed as of the acquisition date. For tax purposes, the CANarchy Transaction was recorded as an asset purchase. As such, the Company received a step-up in tax basis of the CANarchy assets, net, equal to the purchase price. In accordance with Regulation S-X, pro forma unaudited condensed financial information for the CANarchy Transaction has not been provided as the impact of the transaction on the Company’s financial position, results of operations and liquidity was not material. On May 5, 2022, the Company acquired certain real property and equipment in Norwalk, California for a purchase price of $62.5 million. The acquisition was treated as an asset acquisition for accounting purposes. The preliminary fair value allocations include $50.6 million for land, $10.0 million for building and $1.9 million for equipment. The Company intends to utilize the property as a manufacturing facility for certain of its products.

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Jun. 30, 2022
REVENUE RECOGNITION
REVENUE RECOGNITION	3. REVENUE RECOGNITION The Company has four 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 Company’s Alcohol Brands segment primarily generates operating revenues by selling kegged and canned beer as well as hard seltzers primarily to distributors in the United States. 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, 2022 and December 31, 2021. 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 wholly-owned subsidiaries of TCCC (the “TCCC Subsidiaries”) and/or to TCCC bottlers/distributors 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, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks ​ $ 973,674 ​ $ 308,839 ​ $ 116,788 ​ $ 138,389 ​ $ 1,537,690 Strategic Brands ​ 38,368 ​ 29,171 ​ 7,477 ​ 4,126 ​ 79,142 Alcohol Brands ​ ​ 32,447 ​ ​ — ​ ​ — ​ ​ — ​ ​ 32,447 Other ​ 5,981 ​ — ​ — ​ — ​ 5,981 Total Net Sales ​ $ 1,050,470 ​ $ 338,010 ​ $ 124,265 ​ $ 142,515 ​ $ 1,655,260 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Alcohol Brands ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Other ​ ​ 7,905 ​ — ​ — ​ — ​ 7,905 Total Net Sales ​ $ 952,655 ​ $ 297,682 ​ $ 125,940 ​ $ 85,657 ​ $ 1,461,934 ​ 1 Europe, Middle East and Africa (“EMEA”) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months Ended June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ Asia ​ and ​ ​ ​ Net Sales Canada EMEA 1 Pacific Caribbean Total Monster Energy® Drinks ​ $ 1,899,354 ​ $ 569,728 ​ $ 227,343 ​ $ 246,111 ​ $ 2,942,536 Strategic Brands ​ 91,420 ​ 59,347 ​ 14,138 ​ 6,830 ​ 171,735 Alcohol Brands 2 ​ 47,654 ​ — ​ — ​ — ​ 47,654 Other ​ 11,908 ​ — ​ — ​ — ​ 11,908 Total Net Sales ​ $ 2,050,336 ​ $ 629,075 ​ $ 241,481 ​ $ 252,941 ​ $ 3,173,833 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months Ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ Asia ​ and ​ ​ ​ Net Sales Canada EMEA 1 Pacific Caribbean Total Monster Energy® Drinks ​ $ 1,668,866 ​ $ 489,107 ​ $ 225,681 ​ $ 153,720 ​ $ 2,537,374 Strategic Brands ​ 87,071 ​ 47,784 ​ 15,444 ​ 4,445 ​ 154,744 Alcohol Brands 2 ​ — ​ — ​ — ​ — ​ — Other ​ 13,633 ​ — ​ — ​ — ​ 13,633 Total Net Sales ​ $ 1,769,570 ​ $ 536,891 ​ $ 241,125 ​ $ 158,165 ​ $ 2,705,751 ​ 1 Europe, Middle East and Africa (“EMEA”) 2 Effectively from February 17, 2022 to June 30, 2022 ​ 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, 2022, the Company had $276.5 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, 2021, the Company had $285.8 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, 2022 and 2021, $10.1 million and $10.4 million, respectively, of deferred revenue was recognized in net sales. See Note 11. During the six-months ended June 30, 2022 and 2021, $20.1 million and $20.9 million, respectively, of deferred revenue was recognized in net sales. See Note 11.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2022
LEASES
LEASES	4. LEASES The Company leases identified assets comprising of real estate and equipment. Real estate leases consist primarily of office and warehouse space and equipment leases consist of vehicles and warehouse equipment. At the inception of a contract, the Company assesses whether the contract is, or contains, a lease. The Company’s assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether the Company obtains the right to substantially all the economic benefit from the use of the asset throughout the term, and (3) whether the Company has the right to direct the use of the asset. At inception of a lease, the Company allocates the consideration in the contract to each lease and non-lease component based on the component’s relative stand-alone price to determine the lease payments. Lease and non-lease components are accounted for separately. Leases are classified as either finance leases or operating leases based on criteria in ASC 842. The Company’s operating leases are comprised of real estate and warehouse equipment, and the Company’s finance leases are comprised of vehicles. Right-of-use (“ROU”) assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As the Company’s leases generally do not provide an implicit rate, the Company uses its incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at 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 12 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, ​ 2022 2021 2022 2021 Operating lease cost ​ $ 2,238 ​ $ 1,114 ​ $ 3,932 ​ $ 2,245 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term lease cost ​ 939 ​ 1,182 ​ 1,869 ​ 2,135 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable lease cost ​ 195 ​ 185 ​ 378 ​ 347 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ 148 ​ 122 ​ 275 ​ 256 Interest on lease liabilities ​ 7 ​ 5 ​ 10 ​ 9 Finance lease cost ​ 155 ​ 127 ​ 285 ​ 265 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total lease cost ​ $ 3,527 ​ $ 2,608 ​ $ 6,464 ​ $ 4,992 ​ Supplemental cash flow information for the following periods: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months ​ Six-Months ​ ​ Ended June 30, ​ Ended June 30, ​ 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash outflows from operating leases ​ $ 3,682 ​ $ 2,008 Operating cash outflows from finance leases ​ ​ 10 ​ ​ 9 Financing cash outflows from finance leases ​ ​ 1,179 ​ ​ 1,297 ​ ​ ​ ​ ​ ​ ​ ROU assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ Finance leases ​ ​ 1,561 ​ ​ 2,238 Operating leases ​ ​ 18,339 ​ ​ 166 ​ ROU assets for operating and finance leases recognized in the Company’s condensed consolidated balance sheets were comprised of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases ​ $ 36,965 ​ $ 479 ​ $ 37,444 ​ Other Assets Finance leases ​ — ​ 2,204 ​ 2,204 ​ Property and Equipment, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases ​ $ 22,518 ​ $ 639 ​ $ 23,157 ​ Other Assets Finance leases ​ — ​ 2,646 ​ 2,646 ​ Property and Equipment, net ​ Operating and finance lease liabilities recognized in the Company’s condensed consolidated balance sheets were as follows at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ Operating Leases Finance Leases Accrued liabilities ​ $ 6,966 ​ $ 1,326 Other liabilities ​ 29,601 ​ 56 Total ​ $ 36,567 ​ $ 1,382 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ Operating Leases Finance Leases Accrued liabilities ​ $ 3,990 ​ $ 960 Other liabilities ​ 17,389 ​ 41 Total ​ $ 21,379 ​ $ 1,001 ​ The weighted-average remaining lease terms and weighted-average discount rates for operating and finance leases at June 30, 2022 and December 31, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ Operating Leases Finance Leases Weighted-average remaining lease term (years) ​ 7.2 0.9 ​ Weighted-average discount rate ​ 3.3 % 2.4 % ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Operating Leases Finance Leases ​ Weighted-average remaining lease term (years) 8.1 ​ 0.7 ​ Weighted-average discount rate 3.5 % 1.3 % ​ 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, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ Undiscounted Future Lease Payments ​ ​ Operating Leases Finance Leases 2022 (excluding the six-months ended June 30, 2022) ​ $ 4,079 ​ $ 881 2023 ​ 7,448 ​ 476 2024 ​ 6,012 ​ 23 2025 ​ 4,528 ​ 17 2026 ​ ​ 3,673 ​ ​ 2 2027 and thereafter ​ 15,659 ​ — Total lease payments ​ 41,399 ​ 1,399 Less imputed interest ​ (4,832) ​ (17) Total ​ $ 36,567 ​ $ 1,382 ​ As of June 30, 2022, the Company did not have any significant additional operating or finance leases that have not yet commenced.

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 Cost Gains Losses Value Months 12 Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 208,909 ​ $ — ​ $ — ​ $ 208,909 ​ $ — ​ $ — Certificates of deposit ​ ​ 34,554 ​ ​ — ​ ​ — ​ ​ 34,554 ​ ​ — ​ ​ — Municipal securities ​ 212,828 ​ ​ 78 ​ ​ 462 ​ ​ 212,444 ​ ​ 462 ​ ​ ​ U.S. government agency securities ​ 74,583 ​ — ​ 524 ​ 74,059 ​ 524 ​ — U.S. treasuries ​ ​ 812,871 ​ — ​ 5,045 ​ 807,826 ​ 5,045 ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. treasuries ​ ​ 56,600 ​ ​ 24 ​ ​ 155 ​ ​ 56,469 ​ ​ 155 ​ ​ — Municipal securities ​ ​ 1,263 ​ ​ 2 ​ ​ — ​ ​ 1,265 ​ ​ — ​ ​ ​ U.S. government agency securities ​ ​ 6,417 ​ ​ 1 ​ ​ 33 ​ ​ 6,385 ​ ​ 33 ​ ​ — Total ​ $ 1,408,025 ​ $ 105 ​ $ 6,219 ​ $ 1,401,911 ​ $ 6,219 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous ​ Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than December 31, 2021 Cost Gains Losses Value Months 12 Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 334,077 ​ $ — ​ $ — ​ $ 334,077 ​ $ — ​ $ — Certificates of deposit ​ ​ 44,502 ​ ​ — ​ ​ — ​ ​ 44,502 ​ ​ — ​ ​ — Municipal securities ​ 666 ​ — ​ — ​ 666 ​ — ​ — U.S. government agency securities ​ 62,687 ​ — ​ 26 ​ 62,661 ​ 26 ​ — U.S. treasuries ​ ​ 1,308,536 ​ ​ 2 ​ ​ 717 ​ ​ 1,307,821 ​ ​ 717 ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency securities ​ ​ 12,500 ​ ​ — ​ ​ 24 ​ ​ 12,476 ​ ​ 24 ​ ​ — U.S. treasuries ​ ​ 87,133 ​ ​ — ​ ​ 190 ​ ​ 86,943 ​ ​ 190 ​ ​ — Total ​ $ 1,850,101 ​ $ 2 ​ $ 957 ​ $ 1,849,146 ​ $ 957 ​ $ — ​ During the three- and six-months ended June 30, 2022 and 2021, realized gains or losses recognized on the sale of investments were not significant. The Company’s investments at June 30, 2022 and December 31, 2021 carried investment grade credit ratings. The following table summarizes the underlying contractual maturities of the Company’s investments at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 208,909 ​ $ 208,909 $ 334,077 ​ $ 334,077 Municipal securities ​ 212,828 ​ 212,444 666 ​ 666 U.S. government agency securities ​ 74,583 ​ 74,059 62,687 ​ 62,661 Certificates of deposit ​ 34,554 ​ 34,554 44,502 ​ 44,502 U.S. treasuries ​ ​ 812,871 ​ ​ 807,826 ​ ​ 1,308,536 ​ ​ 1,307,821 Due 1 – 10 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ 1,263 ​ 1,265 — ​ — U.S. treasuries ​ ​ 56,600 ​ ​ 56,469 ​ ​ 87,133 ​ ​ 86,943 U.S. government agency securities ​ 6,417 ​ 6,385 12,500 ​ 12,476 Total ​ $ 1,408,025 ​ $ 1,401,911 $ 1,850,101 ​ $ 1,849,146 ​

FAIR VALUE OF CERTAIN FINANCIAL

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	6 Months Ended
	Jun. 30, 2022
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, 2022 Level 1 Level 2 Level 3 Total Cash ​ $ 932,538 ​ $ — ​ $ — ​ $ 932,538 Money market funds ​ 124,879 ​ — ​ — ​ 124,879 Certificates of deposit ​ ​ — ​ ​ 34,554 ​ ​ — ​ ​ 34,554 Commercial paper ​ — ​ 220,624 ​ — ​ 220,624 Municipal securities ​ — ​ 218,435 ​ — ​ 218,435 U.S. government agency securities ​ — ​ 92,664 ​ — ​ 92,664 U.S. treasuries ​ ​ — ​ ​ 910,256 ​ ​ — ​ ​ 910,256 Foreign currency derivatives ​ — ​ 558 ​ — ​ 558 Total ​ $ 1,057,417 ​ $ 1,477,091 ​ $ — ​ $ 2,534,508 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,057,417 ​ $ 74,622 ​ $ — ​ $ 1,132,039 Short-term investments ​ — ​ 1,337,792 ​ — ​ 1,337,792 Accounts receivable, net ​ — ​ 620 ​ — ​ 620 Investments ​ — ​ 64,119 ​ — ​ 64,119 Accrued liabilities ​ — ​ (62) ​ — ​ (62) Total ​ $ 1,057,417 ​ $ 1,477,091 ​ $ — ​ $ 2,534,508 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 Level 1 Level 2 Level 3 Total Cash ​ $ 749,089 ​ $ — ​ $ — ​ $ 749,089 Money market funds ​ 440,826 ​ — ​ — ​ 440,826 Certificates of deposit ​ ​ — ​ ​ 44,502 ​ ​ — ​ ​ 44,502 Commercial paper ​ — ​ 335,477 ​ — ​ 335,477 Municipal securities ​ — ​ 2,428 ​ — ​ 2,428 U.S. government agency securities ​ — ​ 75,137 ​ — ​ 75,137 U.S. treasuries ​ ​ — ​ ​ 1,528,149 ​ ​ — ​ ​ 1,528,149 Foreign currency derivatives ​ — ​ (278) ​ — ​ (278) Total ​ $ 1,189,915 ​ $ 1,985,415 ​ $ — ​ $ 3,175,330 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,189,915 ​ $ 136,547 ​ $ — ​ $ 1,326,462 Short-term investments ​ — ​ 1,749,727 ​ — ​ 1,749,727 Accounts receivable, net ​ — ​ 654 ​ — ​ 654 Investments ​ — ​ 99,419 ​ — ​ 99,419 Accrued liabilities ​ — ​ (932) ​ — ​ (932) Total ​ $ 1,189,915 ​ $ 1,985,415 ​ $ — ​ $ 3,175,330 ​ 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, 2022, or during the year-ended December 31, 2021, 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, 2022
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, 2022 and the year-ended December 31, 2021, 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, 2022 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, 2022 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 EUR ​ $ 39,939 ​ $ 391 Accounts receivable, net Receive USD/pay COP ​ ​ 11,106 ​ ​ 111 Accounts receivable, net Receive USD/pay ZAR ​ ​ 6,495 ​ ​ 77 Accounts receivable, net Receive USD/pay GBP ​ ​ 11,453 ​ 14 Accounts receivable, net Receive USD/pay NZD ​ ​ 3,386 ​ ​ 14 ​ Accounts receivable, net Receive USD/pay DKK ​ ​ 2,070 ​ ​ 11 ​ Accounts receivable, net Receive USD/pay AUD ​ ​ 1,520 ​ ​ 1 ​ Accounts receivable, net Receive USD/pay MXN ​ ​ 21,577 ​ ​ 1 ​ Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive CAD/pay USD ​ $ 21,878 ​ $ (45) ​ Accrued liabilities Receive USD/pay CNY ​ ​ 12,219 ​ ​ (12) ​ Accrued liabilities Receive RSD/pay USD ​ ​ 1,233 ​ ​ (3) Accrued liabilities Receive SGD/pay USD ​ ​ 14,827 ​ (2) Accrued liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 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 ​ 16,544 ​ 297 Accounts receivable, net Receive USD/pay COP ​ ​ 9,754 ​ ​ 296 ​ Accounts receivable, net Receive RSD/pay USD ​ 9,837 ​ 46 Accounts receivable, net Receive USD/pay RUB ​ ​ 7,175 ​ ​ 15 ​ Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 29,929 ​ $ (666) Accrued liabilities Receive USD/pay AUD ​ ​ 2,602 ​ (88) ​ Accrued liabilities Receive USD/pay CNY ​ ​ 12,230 ​ (74) Accrued liabilities Receive USD/pay NZD ​ ​ 2,693 ​ ​ (45) ​ Accrued liabilities Receive USD/pay EUR ​ ​ 3,045 ​ (29) Accrued liabilities Receive USD/pay ZAR ​ ​ 4,140 ​ (21) Accrued liabilities Receive USD/pay DKK ​ ​ 1,461 ​ (9) Accrued liabilities ​ The net losses on derivative instruments in the condensed consolidated statements of income were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain (loss) ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain (loss) ​ Three-months ended hedging instruments under ​ recognized in income on ​ June 30, ​ June 30, ASC 815-20 derivatives 2022 2021 Foreign currency exchange contracts Interest and other (expense) income, net ​ $ 743 ​ $ (1,528) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain (loss) ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain (loss) ​ Six-months ended hedging instruments under ​ recognized in income on ​ June 30, ​ June 30, ASC 815-20 derivatives 2022 2021 Foreign currency exchange contracts Interest and other (expense) income, net ​ $ (3,275) ​ $ (5,398) ​

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2022
INVENTORIES
INVENTORIES	8. INVENTORIES Inventories consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2022 2021 Raw materials ​ $ 479,039 ​ $ 349,865 Work in process ​ ​ 1,556 ​ ​ — Finished goods ​ 405,353 ​ 243,492 ​ ​ $ 885,948 ​ $ 593,357 ​

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	6 Months Ended
	Jun. 30, 2022
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, ​ 2022 2021 Land ​ $ 136,701 ​ $ 85,455 Leasehold improvements ​ 30,930 ​ 11,845 Furniture and fixtures ​ 9,196 ​ 8,274 Office and computer equipment ​ 23,132 ​ 21,601 Computer software ​ 7,478 ​ 8,383 Equipment ​ 248,414 ​ 190,333 Buildings ​ 198,282 ​ 167,243 Vehicles ​ 47,570 ​ 45,404 ​ ​ 701,703 ​ 538,538 Less: accumulated depreciation and amortization ​ (237,162) ​ (224,785) ​ ​ $ 464,541 ​ $ 313,753 ​ Total depreciation and amortization expense recorded was $13.8 million and $11.6 million for the three-months ended June 30, 2022 and 2021, respectively. Total depreciation and amortization expense recorded was $26.9 million and $23.3 million for the six-months ended June 30, 2022 and 2021, respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2022
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, 2022 and 2021 by reportable segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ Alcohol ​ ​ ​ ​ ​ ​ ​ Drinks Brands Brands Other Total Balance at December 31, 2021 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ 81,298 ​ — ​ 81,298 Balance at June 30, 2022 ​ $ 693,644 ​ $ 637,999 ​ $ 81,298 ​ $ — ​ $ 1,412,941 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ Alcohol ​ ​ ​ ​ ​ ​ ​ Drinks Brands 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 ​ Intangible assets consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2022 2021 Amortizing intangibles ​ $ 121,371 ​ $ 66,872 Accumulated amortization ​ (64,771) ​ (61,227) ​ ​ 56,600 ​ 5,645 Non-amortizing intangibles ​ 1,166,514 ​ 1,066,741 ​ ​ $ 1,223,114 ​ $ 1,072,386 ​ 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, 2022: ​ ​ ​ ​ ​ 2022 (excluding the six-months ended June 30, 2022) $ 4,019 2023 ​ ​ 4,745 2024 ​ ​ 3,647 2025 ​ ​ 3,647 2026 ​ ​ 3,646 2027 and thereafter ​ ​ 36,896 ​ ​ $ 56,600 ​

DISTRIBUTION AGREEMENTS

DISTRIBUTION AGREEMENTS	6 Months Ended
	Jun. 30, 2022
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 duration, as the case may be. Revenue recognized was $10.1 million and $10.4 million for the three-months ended June 30, 2022 and 2021, respectively. Revenue recognized was $20.1 million and $20.9 million for the six-months ended June 30, 2022 and 2021, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2022
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES The Company had purchase commitments aggregating approximately $339.1 million at June 30, 2022, 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 $332.2 million at June 30, 2022, 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, 2022, the interest rate on borrowings under the line of credit was 5.5%. As of June 30, 2022, $11.7 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. As of June 30, 2022, $0.2 million of loss contingencies were included in the Company’s condensed consolidated balance sheet. In April 2022, Monster Energy Company (“MEC”) and Orange Bang, Inc. (“Orange Bang”) filed a joint motion in the United States District Court for the Central District of California to confirm a final arbitration award against Vital Pharmaceuticals, Inc. (“VPX”) that awarded MEC and Orange Bang $175.0 million and a 5% royalty on all future sales of VPX’s Bang Energy drink and other Bang-branded products as well as certain fees and costs. Pursuant to the terms of the agreement between MEC and Orange Bang, the award and future royalties will be shared equally between MEC and Orange Bang. The arbitration arose from a settlement agreement that VPX entered into in 2010 with Orange Bang, a family-owned beverage business. Pursuant to the terms of that agreement, VPX is only permitted to use the Bang mark on “creatine-based” products or on Bang products that are marketed and sold only in the vitamin and dietary supplement sections of stores. On July 1, 2022, the court granted MEC and Orange Bang’s motion to confirm the arbitrator’s award and denied VPX’s motion to vacate the arbitrator’s award. MEC and Orange Bang have requested that the Court enter final judgment. On July 28, 2022, VPX filed a notice of appeal in the United States Court of Appeals for the Ninth Circuit. Per ASC 450 “Contingencies”, the Company will not recognize the award or royalties until such time as they are realized or realizable. The award and royalties will be realized or realizable when VPX has no remaining potential for appeal or reversal of the decision and all contingencies have been resolved. As of August 5, 2022, the proceedings have yet to progress to a stage where there is sufficient information for an accurate timeline of when the awards will be realized or realizable, if at all.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Jun. 30, 2022
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS	13. ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in accumulated other comprehensive loss by component, after tax, for the six-months ended June 30, 2022 and 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency Losses on ​ ​ ​ ​ Translation ​ Available-for- ​ ​ ​ ​ ​ Losses ​ Sale Securities ​ Total Balance at December 31, 2021 ​ $ (68,209) ​ $ (956) ​ $ (69,165) Other comprehensive (loss) income before reclassifications ​ (78,628) ​ ​ (5,164) ​ ​ (83,792) Amounts reclassified from accumulated other comprehensive (loss) income ​ — ​ ​ — ​ ​ — Net current-period other comprehensive (loss) income ​ (78,628) ​ ​ (5,164) ​ ​ (83,792) Balance at June 30, 2022 ​ $ (146,837) ​ $ (6,120) ​ $ (152,957) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency ​ Gains on ​ ​ ​ ​ Translation Available-for- ​ ​ ​ ​ 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) ​

TREASURY STOCK

TREASURY STOCK	6 Months Ended
	Jun. 30, 2022
TREASURY STOCK
TREASURY STOCK	14. TREASURY STOCK On March 13, 2020, the Company’s Board of Directors authorized a share repurchase program for the purchase of up to $500.0 million of the Company’s outstanding common stock (the “March 2020 Repurchase Plan”). During the three-months ended June 30, 2022, the Company purchased approximately 3.3 million shares of common stock at an average purchase price of $86.53 per share, for a total amount of approximately $284.1 million (excluding broker commissions), under the March 2020 Repurchase Plan. Such shares are included in the common stock in treasury in the accompanying condensed balance sheet at June 30, 2022. As of August 5, 2022, $157.4 million remained available for repurchase under the March 2020 Repurchase Plan. On June 14, 2022, the Company’s Board of Directors authorized a share repurchase program for the purchase of up to an additional $500.0 million of the Company’s outstanding common stock (the “June 2022 Repurchase Plan”). During the three-months ended June 30, 2022, no shares were repurchased under the June 2022 Repurchase Plan. As of August 5, 2022, $500.0 million remained available for repurchase under the June 2022 Repurchase Plan. During the three-months ended June 30, 2022, 2,936 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 $0.3 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, 2022.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2022
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, 2022: (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 as Amended and Restated on February 23, 2022, including the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors as a sub-plan thereunder. The Company recorded $16.3 million and $17.3 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, 2022 and 2021, respectively. The Company recorded $32.6 million and $35.7 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, 2022 and 2021, 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, 2022 and 2021 was $ 2.2 million and $2.7 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, 2022 and 2021 was $2.7 million and $4.1 million, respectively. Stock Options Under the Company’s stock-based compensation plans, all stock options granted as of June 30, 2022 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, ​ ​ 2022 2021 2022 2021 ​ Dividend yield ​ 0.0 % 0.0 % 0.0 % 0.0 % Expected volatility ​ 27.8 % 29.0 % 27.7 % 28.9 % Risk-free interest rate ​ 3.0 % 0.9 % 2.1 % 0.8 % Expected term ​ 6.2 years ​ 5.9 years ​ 6.0 years ​ 5.8 years ​ ​ Expected Volatility Risk-Free Interest Rate Expected Term The following table summarizes the Company’s activities with respect to its stock option plans as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ ​ Weighted- ​ Average ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ ​ ​ ​ ​ Number of ​ Exercise ​ Contractual ​ Aggregate ​ ​ Shares ​ Price Per ​ Term (in ​ Intrinsic Options (in thousands) Share years) Value Outstanding at January 1, 2022 13,860 ​ $ 48.19 5.1 ​ $ 663,148 Granted 01/01/22 – 03/31/22 2,489 ​ $ 73.96 ​ ​ ​ ​ ​ Granted 04/01/22 – 06/30/22 8 ​ $ 88.05 ​ ​ ​ ​ ​ Exercised (520) ​ $ 43.50 ​ ​ ​ ​ ​ Cancelled or forfeited (88) ​ $ 74.32 ​ ​ ​ ​ ​ Outstanding at June 30, 2022 15,749 ​ $ 52.29 5.4 ​ $ 636,392 Vested and expected to vest in the future at June 30, 2022 ​ 15,308 ​ $ 51.67 ​ 5.3 ​ $ 628,074 Exercisable at June 30, 2022 10,569 ​ $ 42.99 3.9 ​ $ 525,344 ​ The weighted-average grant-date fair value of options granted during the three-months ended June 30, 2022 and 2021 was $29.92 per share and $26.89 per share, respectively. The weighted-average grant-date fair value of options granted during the six-months ended June 30, 2022 and 2021 was $23.23 per share and $25.79 per share, respectively. The total intrinsic value of options exercised during the three-months ended June 30, 2022 and 2021 was $18.0 million and $21.0 million, respectively. The total intrinsic value of options exercised during the six-months ended June 30, 2022 and 2021 was $22.9 million and $28.2 million, respectively. Cash received from option exercises under all plans for the three-months ended June 30, 2022 and 2021 was $18.1 million and $17.7 million, respectively. Cash received from option exercises under all plans for the six-months ended June 30, 2022 and 2021 was $22.6 million and $24.5 million, respectively. At June 30, 2022, there was $86.1 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 3.2 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, 2022 ​ 910 ​ $ 69.02 Granted 01/01/22 - 03/31/22 1 ​ 484 ​ $ 71.88 Granted 04/01/22 - 06/30/22 ​ 15 ​ $ 87.52 Vested ​ (381) ​ $ 64.24 Forfeited/cancelled ​ (9) ​ $ 71.54 Non-vested at June 30, 2022 ​ 1,019 ​ $ 72.42 ​ 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, 2022 and 2021 was $87.52 and $92.14 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, 2022 and 2021 was $73.95 and $89.12 per share, respectively. As of June 30, 2022, 1.0 million of restricted stock units and performance share units are expected to vest over their respective terms. At June 30, 2022, total unrecognized compensation expense relating to non-vested restricted stock units and performance share units was $50.6 million, which is expected to be recognized over a weighted-average period of 2.1 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, 2022, other share-based awards outstanding included grants that vest over three years payable in the first quarters of 2023, 2024 and 2025. At June 30, 2022, there was $0.3 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 0.5 years.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2022
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, 2022: ​ ​ ​ ​ ​ ​ ​ Gross Unrecognized ​ Tax Benefits Balance at December 31, 2021 ​ $ — Additions for tax positions related to the current year ​ — Additions for tax positions related to the prior years ​ — Increases for tax positions related to the prior years ​ 2,008 Balance at June 30, 2022 ​ $ 2,008 ​ 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, 2022, the Company had approximately $0.3 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 2018 through 2021 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 2017 through 2021 tax years.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2022
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, ​ 2022 2021 2022 2021 Weighted-average shares outstanding: ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ 528,617 528,653 529,009 528,425 Dilutive ​ 6,194 6,904 6,200 6,899 Diluted ​ 534,811 535,557 535,209 535,324 ​ For the three-months ended June 30, 2022 and 2021, options and awards outstanding totaling 3.5 million shares and 1.0 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive. For the six-months ended June 30, 2022 and 2021, options and awards outstanding totaling 2.5 million shares and 0.6 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2022
SEGMENT INFORMATION
SEGMENT INFORMATION	18. SEGMENT INFORMATION The Company has four 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. The Company’s Alcohol Brands segment primarily generates operating revenues by selling kegged and canned beer as well as hard seltzers primarily to distributors in the United States. Generally, the Alcohol Brands segment will have lower gross profit margin percentages than the Monster Energy® Drinks 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, 2022 and 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2022 2021 2022 2021 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks 1 ​ $ 1,537,690 ​ $ 1,367,094 ​ $ 2,942,536 ​ $ 2,537,374 Strategic Brands ​ 79,142 ​ 86,935 ​ 171,735 ​ 154,744 Alcohol Brands 2 ​ ​ 32,447 ​ ​ — ​ ​ 47,654 ​ ​ — Other ​ 5,981 ​ 7,905 ​ 11,908 ​ 13,633 Corporate and unallocated ​ — ​ — ​ — ​ — ​ ​ $ 1,655,260 ​ $ 1,461,934 ​ $ 3,173,833 ​ $ 2,705,751 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2022 2021 2022 2021 Operating Income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks 1 ​ $ 441,719 ​ $ 547,269 ​ $ 896,282 ​ $ 1,012,088 Strategic Brands ​ 41,500 ​ 54,074 ​ 98,695 ​ 99,214 Alcohol Brands 2 ​ ​ (4,657) ​ ​ — ​ ​ (9,611) ​ ​ — Other ​ 1,034 ​ 2,230 ​ 2,161 ​ 4,024 Corporate and unallocated ​ (106,645) ​ (77,598) ​ (215,088) ​ (175,203) ​ ​ $ 372,951 ​ $ 525,975 ​ $ 772,439 ​ $ 940,123 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2022 2021 2022 2021 Income before tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks 1 ​ $ 442,407 ​ $ 547,619 ​ $ 897,540 ​ $ 1,012,587 Strategic Brands ​ 41,509 ​ 54,080 ​ 98,763 ​ 99,221 Alcohol Brands 2 ​ ​ (3,890) ​ ​ — ​ ​ (9,496) ​ ​ — Other ​ 1,025 ​ 2,230 ​ 2,162 ​ 4,024 Corporate and unallocated ​ (114,881) ​ (77,082) ​ (230,610) ​ (175,598) ​ ​ $ 366,170 ​ $ 526,847 ​ $ 758,359 ​ $ 940,234 ​ (1) Includes $10.1 million and $10.4 million for the three-months ended June 30, 2022 and 2021, respectively, related to the recognition of deferred revenue. Includes $20.1 million and $20.9 million for the six-months ended June 30, 2022 and 2021, respectively, related to the recognition of deferred revenue. (2) Effectively from February 17, 2022 to June 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2022 2021 2022 2021 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 8,102 ​ $ 8,816 ​ $ 16,262 ​ $ 17,838 Strategic Brands ​ 242 ​ 285 ​ 475 ​ 549 Alcohol Brands ​ ​ 3,683 ​ ​ — ​ ​ 5,966 ​ ​ — Other ​ 1,113 ​ 1,126 ​ 2,224 ​ 2,252 Corporate and unallocated ​ 2,682 ​ 2,447 ​ 5,505 ​ 4,860 ​ ​ $ 15,822 ​ $ 12,674 ​ $ 30,432 ​ $ 25,499 ​ Corporate and unallocated expenses for the three-months ended June 30, 2022 include $70.0 million of payroll costs, of which $16.0 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $16.9 million attributable to professional service expenses, including accounting and legal costs, and $19.7 million of other operating expenses. 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 six-months ended June 30, 2022 include $138.1 million of payroll costs, of which $32.2 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $43.3 million attributable to professional service expenses, including accounting and legal costs, and $33.7 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. Coca-Cola Europacific Partners (formerly Coca-Cola European Partners) accounted for approximately 14% and 12% of the Company’s net sales for the three-months ended June 30, 2022 and 2021, respectively. Coca-Cola Europacific Partners accounted for approximately 13% and 12% of the Company’s net sales for the six-months ended June 30, 2022 and 2021, respectively. Coca-Cola Consolidated, Inc. accounted for approximately 11% of the Company’s net sales for both the three-months ended June 30, 2022 and 2021. Coca-Cola Consolidated, Inc. accounted for approximately 10% and 11% of the Company’s net sales for the six-months ended June 30, 2022 and 2021, respectively. Reyes Coca-Cola Bottling, LLC accounted for approximately 9% and 11% of the Company’s net sales for the three-months ended June 30, 2022 and 2021, respectively. Reyes Coca-Cola Bottling, LLC accounted for approximately 9% and 10% of the Company’s net sales for the six-months ended June 30, 2022 and 2021, respectively. Net sales to customers outside the United States amounted to $649.0 million and $546.3 million for the three-months ended June 30, 2022 and 2021, respectively. Such sales were approximately 39% and 37% of net sales for the three-months ended June 30, 2022 and 2021, respectively. Net sales to customers outside the United States amounted to $1.20 billion and $1.01 billion for the six-months ended June 30, 2022 and 2021, respectively. Such sales were approximately 38% and 37% of net sales for the six-months ended June 30, 2022 and 2021, respectively. Goodwill and other intangible assets for the Company’s reportable segments as of June 30, 2022 and December 31, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2022 2021 Goodwill and other intangible assets: ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 1,420,967 ​ $ 1,420,503 Strategic Brands ​ 976,832 ​ 978,032 Alcohol Brands ​ ​ 234,956 ​ ​ — Other ​ 3,300 ​ 5,494 Corporate and unallocated ​ — ​ — ​ ​ $ 2,636,055 ​ $ 2,404,029 ​

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2022
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	19. RELATED PARTY TRANSACTIONS TCCC controls approximately 19.4% 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 $10.1 million and $20.1 million for the three-months ended June 30, 2022 and 2021, 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 $28.5 million and $36.2 million for the six-months ended June 30, 2022 and 2021, respectively, and are included as a reduction to net sales. TCCC commissions, based on sales to TCCC independent bottlers/distributors, were $7.8 million and $8.1 million for the three-months ended June 30, 2022 and 2021, respectively, and are included in operating expenses. TCCC commissions, based on sales to TCCC independent bottlers/distributors, were $18.8 million and $13.6 million for the six-months ended June 30, 2022 and 2021, respectively, and are included in operating expenses. Net sales to the TCCC Subsidiaries for the three-months ended June 30, 2022 and 2021 were $26.5 million and $27.0 million, respectively. Net sales to the TCCC Subsidiaries for the six-months ended June 30, 2022 and 2021 were $58.3 million and $54.1 million, respectively. The Company also purchases concentrates from TCCC which are then sold to certain of the Company’s bottlers/distributors. Concentrate purchases from TCCC were $6.5 million and $7.7 million for the three-months ended June 30, 2022 and 2021, respectively. Concentrate purchases from TCCC were $15.0 million and $14.1 million for the six-months ended June 30, 2022 and 2021, respectively. Certain TCCC Subsidiaries also contract manufacture certain of the Company’s energy drinks. Such contract manufacturing expenses were $4.8 million and $6.6 million for the three-months ended June 30, 2022 and 2021, respectively. Such contract manufacturing expenses were $14.0 million for both the six-months ended June 30, 2022 and 2021. Accounts receivable, accounts payable, accrued promotional allowances and accrued liabilities related to the TCCC Subsidiaries are as follows at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 Accounts receivable, net ​ $ 135,977 ​ $ 94,647 Accounts payable ​ $ (37,832) ​ $ (35,248) Accrued promotional allowances ​ $ (2,761) ​ $ (4,536) Accrued liabilities ​ $ (18,253) ​ $ (26,616) ​ In 2021, TCCC exercised its contract rights for a third-party public accounting firm (the “Accounting Firm”) to conduct an examination relating to commissions and fees payable to TCCC and marketing contributions payable to the Company, for the years ended December 31, 2015 through December 31, 2020. The Company understands that the Accounting Firm has advised TCCC that it may be entitled to additional commissions and fees and/or reduced amounts of marketing contributions due to the Company in an aggregate amount of up to approximately $74.2 million. No portion of such amounts have been recognized in the Company’s condensed consolidated financial statements at June 30, 2022. The Company disputes any material liability for additional commissions or fees payable to TCCC or reduced amounts of marketing contributions due to the Company for these periods. One director of the Company through certain trusts, and a family member of one director are the 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, 2022 and 2021 were $2.3 million and $1.4 million, respectively. Expenses incurred with such company in connection with promotional materials purchased during the six-months ended June 30, 2022 and 2021 were $3.4 million and $1.8 million, respectively. During the six-months ended June 30, 2022, the Company occasionally chartered a private aircraft that is indirectly owned by Mr. Rodney C. Sacks, Co-Chief Executive Officer and Chairman of the Board of Directors. On certain occasions, Mr. Sacks was accompanied by guests and other Company personnel when using such aircraft for business travel. During the six-months ended June 30, 2022, the Company incurred costs of $0.08 million, amounts the Company believes are commensurate with market rates for comparable travel. No amounts were incurred by the Company during the three-months ended June 30, 2022. 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- and six-months ended June 30, 2022, the Company recorded equity losses of $0.06 million and $0.09 million, respectively. As of June 30, 2022, the Company’s equity investment is $1.3 million and is included in other assets (non-current) in the accompanying condensed consolidated balance sheet.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2022
BASIS OF PRESENTATION
Recent Accounting Pronouncements	Recent Accounting Pronouncements There have been no changes in recently issued or adopted accounting pronouncements that would materially impact the Company from those disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021.

ACQUISITIONSS (Tables)

ACQUISITIONSS (Tables)	6 Months Ended
	Jun. 30, 2022
ACQUISITIONS
Schedule of Business Acquisitions, by Acquisition	​ ​ ​ ​ ​ ​ ​ ​ ​ Identifiable ​ ​ ​ ​ Assets ​ ​ ​ ​ ​ Acquired and ​ ​ ​ ​ ​ Liabilities ​ Consideration ​ ​ Assumed ​ Transferred Intangibles - trademarks (non-amortizing) ​ $ 94,500 ​ $ — Intangibles - customer relationships (amortizing) ​ ​ 54,500 ​ — Intangibles - permits (non-amortizing) ​ ​ 6,000 ​ — Property and equipment, net ​ ​ 81,285 ​ — Inventory ​ ​ 18,300 ​ — Right-of -use assets ​ ​ 12,836 ​ — Operating lease liabilities ​ ​ (12,836) ​ — Working capital (excluding inventory) ​ ​ (5,640) ​ — Other ​ ​ (770) ​ — Goodwill ​ ​ 81,298 ​ — Cash ​ 3,248 ​ 332,721 Total ​ $ 332,721 ​ $ 332,721

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
	Jun. 30, 2022
REVENUE RECOGNITION
Schedule of disaggregation of revenue by geographical markets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks ​ $ 973,674 ​ $ 308,839 ​ $ 116,788 ​ $ 138,389 ​ $ 1,537,690 Strategic Brands ​ 38,368 ​ 29,171 ​ 7,477 ​ 4,126 ​ 79,142 Alcohol Brands ​ ​ 32,447 ​ ​ — ​ ​ — ​ ​ — ​ ​ 32,447 Other ​ 5,981 ​ — ​ — ​ — ​ 5,981 Total Net Sales ​ $ 1,050,470 ​ $ 338,010 ​ $ 124,265 ​ $ 142,515 ​ $ 1,655,260 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Alcohol Brands ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Other ​ ​ 7,905 ​ — ​ — ​ — ​ 7,905 Total Net Sales ​ $ 952,655 ​ $ 297,682 ​ $ 125,940 ​ $ 85,657 ​ $ 1,461,934 ​ 1 Europe, Middle East and Africa (“EMEA”) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months Ended June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ Asia ​ and ​ ​ ​ Net Sales Canada EMEA 1 Pacific Caribbean Total Monster Energy® Drinks ​ $ 1,899,354 ​ $ 569,728 ​ $ 227,343 ​ $ 246,111 ​ $ 2,942,536 Strategic Brands ​ 91,420 ​ 59,347 ​ 14,138 ​ 6,830 ​ 171,735 Alcohol Brands 2 ​ 47,654 ​ — ​ — ​ — ​ 47,654 Other ​ 11,908 ​ — ​ — ​ — ​ 11,908 Total Net Sales ​ $ 2,050,336 ​ $ 629,075 ​ $ 241,481 ​ $ 252,941 ​ $ 3,173,833 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months Ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ Asia ​ and ​ ​ ​ Net Sales Canada EMEA 1 Pacific Caribbean Total Monster Energy® Drinks ​ $ 1,668,866 ​ $ 489,107 ​ $ 225,681 ​ $ 153,720 ​ $ 2,537,374 Strategic Brands ​ 87,071 ​ 47,784 ​ 15,444 ​ 4,445 ​ 154,744 Alcohol Brands 2 ​ — ​ — ​ — ​ — ​ — Other ​ 13,633 ​ — ​ — ​ — ​ 13,633 Total Net Sales ​ $ 1,769,570 ​ $ 536,891 ​ $ 241,125 ​ $ 158,165 ​ $ 2,705,751 ​ 1 Europe, Middle East and Africa (“EMEA”) 2 Effectively from February 17, 2022 to June 30, 2022 ​

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2022
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, ​ 2022 2021 2022 2021 Operating lease cost ​ $ 2,238 ​ $ 1,114 ​ $ 3,932 ​ $ 2,245 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term lease cost ​ 939 ​ 1,182 ​ 1,869 ​ 2,135 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable lease cost ​ 195 ​ 185 ​ 378 ​ 347 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ 148 ​ 122 ​ 275 ​ 256 Interest on lease liabilities ​ 7 ​ 5 ​ 10 ​ 9 Finance lease cost ​ 155 ​ 127 ​ 285 ​ 265 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total lease cost ​ $ 3,527 ​ $ 2,608 ​ $ 6,464 ​ $ 4,992 ​
Schedule of supplemental cash flow information for leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months ​ Six-Months ​ ​ Ended June 30, ​ Ended June 30, ​ 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash outflows from operating leases ​ $ 3,682 ​ $ 2,008 Operating cash outflows from finance leases ​ ​ 10 ​ ​ 9 Financing cash outflows from finance leases ​ ​ 1,179 ​ ​ 1,297 ​ ​ ​ ​ ​ ​ ​ ROU assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ Finance leases ​ ​ 1,561 ​ ​ 2,238 Operating leases ​ ​ 18,339 ​ ​ 166 ​
Schedule of ROU assets for operating and finance leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases ​ $ 36,965 ​ $ 479 ​ $ 37,444 ​ Other Assets Finance leases ​ — ​ 2,204 ​ 2,204 ​ Property and Equipment, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases ​ $ 22,518 ​ $ 639 ​ $ 23,157 ​ Other Assets Finance leases ​ — ​ 2,646 ​ 2,646 ​ Property and Equipment, net
Summary of operating and finance lease liabilities recognized in the condensed consolidated balance sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ Operating Leases Finance Leases Accrued liabilities ​ $ 6,966 ​ $ 1,326 Other liabilities ​ 29,601 ​ 56 Total ​ $ 36,567 ​ $ 1,382 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ Operating Leases Finance Leases Accrued liabilities ​ $ 3,990 ​ $ 960 Other liabilities ​ 17,389 ​ 41 Total ​ $ 21,379 ​ $ 1,001
Schedule of weighted-average remaining lease term and weighted-average discount rate	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ Operating Leases Finance Leases Weighted-average remaining lease term (years) ​ 7.2 0.9 ​ Weighted-average discount rate ​ 3.3 % 2.4 % ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Operating Leases Finance Leases ​ Weighted-average remaining lease term (years) 8.1 ​ 0.7 ​ Weighted-average discount rate 3.5 % 1.3 % ​
Schedule of reconciliation of undiscounted future lease payments for operating and finance leases	​ ​ ​ ​ ​ ​ ​ ​ ​ Undiscounted Future Lease Payments ​ ​ Operating Leases Finance Leases 2022 (excluding the six-months ended June 30, 2022) ​ $ 4,079 ​ $ 881 2023 ​ 7,448 ​ 476 2024 ​ 6,012 ​ 23 2025 ​ 4,528 ​ 17 2026 ​ ​ 3,673 ​ ​ 2 2027 and thereafter ​ 15,659 ​ — Total lease payments ​ 41,399 ​ 1,399 Less imputed interest ​ (4,832) ​ (17) Total ​ $ 36,567 ​ $ 1,382 ​

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 Cost Gains Losses Value Months 12 Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 208,909 ​ $ — ​ $ — ​ $ 208,909 ​ $ — ​ $ — Certificates of deposit ​ ​ 34,554 ​ ​ — ​ ​ — ​ ​ 34,554 ​ ​ — ​ ​ — Municipal securities ​ 212,828 ​ ​ 78 ​ ​ 462 ​ ​ 212,444 ​ ​ 462 ​ ​ ​ U.S. government agency securities ​ 74,583 ​ — ​ 524 ​ 74,059 ​ 524 ​ — U.S. treasuries ​ ​ 812,871 ​ — ​ 5,045 ​ 807,826 ​ 5,045 ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. treasuries ​ ​ 56,600 ​ ​ 24 ​ ​ 155 ​ ​ 56,469 ​ ​ 155 ​ ​ — Municipal securities ​ ​ 1,263 ​ ​ 2 ​ ​ — ​ ​ 1,265 ​ ​ — ​ ​ ​ U.S. government agency securities ​ ​ 6,417 ​ ​ 1 ​ ​ 33 ​ ​ 6,385 ​ ​ 33 ​ ​ — Total ​ $ 1,408,025 ​ $ 105 ​ $ 6,219 ​ $ 1,401,911 ​ $ 6,219 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous ​ Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than December 31, 2021 Cost Gains Losses Value Months 12 Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 334,077 ​ $ — ​ $ — ​ $ 334,077 ​ $ — ​ $ — Certificates of deposit ​ ​ 44,502 ​ ​ — ​ ​ — ​ ​ 44,502 ​ ​ — ​ ​ — Municipal securities ​ 666 ​ — ​ — ​ 666 ​ — ​ — U.S. government agency securities ​ 62,687 ​ — ​ 26 ​ 62,661 ​ 26 ​ — U.S. treasuries ​ ​ 1,308,536 ​ ​ 2 ​ ​ 717 ​ ​ 1,307,821 ​ ​ 717 ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency securities ​ ​ 12,500 ​ ​ — ​ ​ 24 ​ ​ 12,476 ​ ​ 24 ​ ​ — U.S. treasuries ​ ​ 87,133 ​ ​ — ​ ​ 190 ​ ​ 86,943 ​ ​ 190 ​ ​ — Total ​ $ 1,850,101 ​ $ 2 ​ $ 957 ​ $ 1,849,146 ​ $ 957 ​ $ — ​
Summary of the underlying contractual maturities of investments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 208,909 ​ $ 208,909 $ 334,077 ​ $ 334,077 Municipal securities ​ 212,828 ​ 212,444 666 ​ 666 U.S. government agency securities ​ 74,583 ​ 74,059 62,687 ​ 62,661 Certificates of deposit ​ 34,554 ​ 34,554 44,502 ​ 44,502 U.S. treasuries ​ ​ 812,871 ​ ​ 807,826 ​ ​ 1,308,536 ​ ​ 1,307,821 Due 1 – 10 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ 1,263 ​ 1,265 — ​ — U.S. treasuries ​ ​ 56,600 ​ ​ 56,469 ​ ​ 87,133 ​ ​ 86,943 U.S. government agency securities ​ 6,417 ​ 6,385 12,500 ​ 12,476 Total ​ $ 1,408,025 ​ $ 1,401,911 $ 1,850,101 ​ $ 1,849,146

FAIR VALUE OF CERTAIN FINANCI_2

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2022
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Schedule of financial assets and liabilities recorded at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 Level 1 Level 2 Level 3 Total Cash ​ $ 932,538 ​ $ — ​ $ — ​ $ 932,538 Money market funds ​ 124,879 ​ — ​ — ​ 124,879 Certificates of deposit ​ ​ — ​ ​ 34,554 ​ ​ — ​ ​ 34,554 Commercial paper ​ — ​ 220,624 ​ — ​ 220,624 Municipal securities ​ — ​ 218,435 ​ — ​ 218,435 U.S. government agency securities ​ — ​ 92,664 ​ — ​ 92,664 U.S. treasuries ​ ​ — ​ ​ 910,256 ​ ​ — ​ ​ 910,256 Foreign currency derivatives ​ — ​ 558 ​ — ​ 558 Total ​ $ 1,057,417 ​ $ 1,477,091 ​ $ — ​ $ 2,534,508 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,057,417 ​ $ 74,622 ​ $ — ​ $ 1,132,039 Short-term investments ​ — ​ 1,337,792 ​ — ​ 1,337,792 Accounts receivable, net ​ — ​ 620 ​ — ​ 620 Investments ​ — ​ 64,119 ​ — ​ 64,119 Accrued liabilities ​ — ​ (62) ​ — ​ (62) Total ​ $ 1,057,417 ​ $ 1,477,091 ​ $ — ​ $ 2,534,508 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 Level 1 Level 2 Level 3 Total Cash ​ $ 749,089 ​ $ — ​ $ — ​ $ 749,089 Money market funds ​ 440,826 ​ — ​ — ​ 440,826 Certificates of deposit ​ ​ — ​ ​ 44,502 ​ ​ — ​ ​ 44,502 Commercial paper ​ — ​ 335,477 ​ — ​ 335,477 Municipal securities ​ — ​ 2,428 ​ — ​ 2,428 U.S. government agency securities ​ — ​ 75,137 ​ — ​ 75,137 U.S. treasuries ​ ​ — ​ ​ 1,528,149 ​ ​ — ​ ​ 1,528,149 Foreign currency derivatives ​ — ​ (278) ​ — ​ (278) Total ​ $ 1,189,915 ​ $ 1,985,415 ​ $ — ​ $ 3,175,330 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,189,915 ​ $ 136,547 ​ $ — ​ $ 1,326,462 Short-term investments ​ — ​ 1,749,727 ​ — ​ 1,749,727 Accounts receivable, net ​ — ​ 654 ​ — ​ 654 Investments ​ — ​ 99,419 ​ — ​ 99,419 Accrued liabilities ​ — ​ (932) ​ — ​ (932) Total ​ $ 1,189,915 ​ $ 1,985,415 ​ $ — ​ $ 3,175,330 ​

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 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 EUR ​ $ 39,939 ​ $ 391 Accounts receivable, net Receive USD/pay COP ​ ​ 11,106 ​ ​ 111 Accounts receivable, net Receive USD/pay ZAR ​ ​ 6,495 ​ ​ 77 Accounts receivable, net Receive USD/pay GBP ​ ​ 11,453 ​ 14 Accounts receivable, net Receive USD/pay NZD ​ ​ 3,386 ​ ​ 14 ​ Accounts receivable, net Receive USD/pay DKK ​ ​ 2,070 ​ ​ 11 ​ Accounts receivable, net Receive USD/pay AUD ​ ​ 1,520 ​ ​ 1 ​ Accounts receivable, net Receive USD/pay MXN ​ ​ 21,577 ​ ​ 1 ​ Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive CAD/pay USD ​ $ 21,878 ​ $ (45) ​ Accrued liabilities Receive USD/pay CNY ​ ​ 12,219 ​ ​ (12) ​ Accrued liabilities Receive RSD/pay USD ​ ​ 1,233 ​ ​ (3) Accrued liabilities Receive SGD/pay USD ​ ​ 14,827 ​ (2) Accrued liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 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 ​ 16,544 ​ 297 Accounts receivable, net Receive USD/pay COP ​ ​ 9,754 ​ ​ 296 ​ Accounts receivable, net Receive RSD/pay USD ​ 9,837 ​ 46 Accounts receivable, net Receive USD/pay RUB ​ ​ 7,175 ​ ​ 15 ​ Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 29,929 ​ $ (666) Accrued liabilities Receive USD/pay AUD ​ ​ 2,602 ​ (88) ​ Accrued liabilities Receive USD/pay CNY ​ ​ 12,230 ​ (74) Accrued liabilities Receive USD/pay NZD ​ ​ 2,693 ​ ​ (45) ​ Accrued liabilities Receive USD/pay EUR ​ ​ 3,045 ​ (29) Accrued liabilities Receive USD/pay ZAR ​ ​ 4,140 ​ (21) Accrued liabilities Receive USD/pay DKK ​ ​ 1,461 ​ (9) Accrued liabilities ​
Schedule of net (losses) gains on derivative instruments in the condensed consolidated statements of income	The net losses on derivative instruments in the condensed consolidated statements of income were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain (loss) ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain (loss) ​ Three-months ended hedging instruments under ​ recognized in income on ​ June 30, ​ June 30, ASC 815-20 derivatives 2022 2021 Foreign currency exchange contracts Interest and other (expense) income, net ​ $ 743 ​ $ (1,528) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain (loss) ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain (loss) ​ Six-months ended hedging instruments under ​ recognized in income on ​ June 30, ​ June 30, ASC 815-20 derivatives 2022 2021 Foreign currency exchange contracts Interest and other (expense) income, net ​ $ (3,275) ​ $ (5,398)

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2022
INVENTORIES
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2022 2021 Raw materials ​ $ 479,039 ​ $ 349,865 Work in process ​ ​ 1,556 ​ ​ — Finished goods ​ 405,353 ​ 243,492 ​ ​ $ 885,948 ​ $ 593,357

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 30, 2022
PROPERTY AND EQUIPMENT, NET
Schedule of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2022 2021 Land ​ $ 136,701 ​ $ 85,455 Leasehold improvements ​ 30,930 ​ 11,845 Furniture and fixtures ​ 9,196 ​ 8,274 Office and computer equipment ​ 23,132 ​ 21,601 Computer software ​ 7,478 ​ 8,383 Equipment ​ 248,414 ​ 190,333 Buildings ​ 198,282 ​ 167,243 Vehicles ​ 47,570 ​ 45,404 ​ ​ 701,703 ​ 538,538 Less: accumulated depreciation and amortization ​ (237,162) ​ (224,785) ​ ​ $ 464,541 ​ $ 313,753

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2022
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ Alcohol ​ ​ ​ ​ ​ ​ ​ Drinks Brands Brands Other Total Balance at December 31, 2021 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ 81,298 ​ — ​ 81,298 Balance at June 30, 2022 ​ $ 693,644 ​ $ 637,999 ​ $ 81,298 ​ $ — ​ $ 1,412,941 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ Alcohol ​ ​ ​ ​ ​ ​ ​ Drinks Brands 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 ​
Schedule of intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2022 2021 Amortizing intangibles ​ $ 121,371 ​ $ 66,872 Accumulated amortization ​ (64,771) ​ (61,227) ​ ​ 56,600 ​ 5,645 Non-amortizing intangibles ​ 1,166,514 ​ 1,066,741 ​ ​ $ 1,223,114 ​ $ 1,072,386 ​
Schedule of future estimated amortization expense related to amortizing intangibles	​ ​ ​ ​ ​ 2022 (excluding the six-months ended June 30, 2022) $ 4,019 2023 ​ ​ 4,745 2024 ​ ​ 3,647 2025 ​ ​ 3,647 2026 ​ ​ 3,646 2027 and thereafter ​ ​ 36,896 ​ ​ $ 56,600

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
	Jun. 30, 2022
ACCUMULATED OTHER COMPREHENSIVE LOSS
Schedule of components of accumulated other comprehensive loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency Losses on ​ ​ ​ ​ Translation ​ Available-for- ​ ​ ​ ​ ​ Losses ​ Sale Securities ​ Total Balance at December 31, 2021 ​ $ (68,209) ​ $ (956) ​ $ (69,165) Other comprehensive (loss) income before reclassifications ​ (78,628) ​ ​ (5,164) ​ ​ (83,792) Amounts reclassified from accumulated other comprehensive (loss) income ​ — ​ ​ — ​ ​ — Net current-period other comprehensive (loss) income ​ (78,628) ​ ​ (5,164) ​ ​ (83,792) Balance at June 30, 2022 ​ $ (146,837) ​ $ (6,120) ​ $ (152,957) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency ​ Gains on ​ ​ ​ ​ Translation Available-for- ​ ​ ​ ​ 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)

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2022
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, ​ ​ 2022 2021 2022 2021 ​ Dividend yield ​ 0.0 % 0.0 % 0.0 % 0.0 % Expected volatility ​ 27.8 % 29.0 % 27.7 % 28.9 % Risk-free interest rate ​ 3.0 % 0.9 % 2.1 % 0.8 % Expected term ​ 6.2 years ​ 5.9 years ​ 6.0 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 ​ Price Per ​ Term (in ​ Intrinsic Options (in thousands) Share years) Value Outstanding at January 1, 2022 13,860 ​ $ 48.19 5.1 ​ $ 663,148 Granted 01/01/22 – 03/31/22 2,489 ​ $ 73.96 ​ ​ ​ ​ ​ Granted 04/01/22 – 06/30/22 8 ​ $ 88.05 ​ ​ ​ ​ ​ Exercised (520) ​ $ 43.50 ​ ​ ​ ​ ​ Cancelled or forfeited (88) ​ $ 74.32 ​ ​ ​ ​ ​ Outstanding at June 30, 2022 15,749 ​ $ 52.29 5.4 ​ $ 636,392 Vested and expected to vest in the future at June 30, 2022 ​ 15,308 ​ $ 51.67 ​ 5.3 ​ $ 628,074 Exercisable at June 30, 2022 10,569 ​ $ 42.99 3.9 ​ $ 525,344
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, 2022 ​ 910 ​ $ 69.02 Granted 01/01/22 - 03/31/22 1 ​ 484 ​ $ 71.88 Granted 04/01/22 - 06/30/22 ​ 15 ​ $ 87.52 Vested ​ (381) ​ $ 64.24 Forfeited/cancelled ​ (9) ​ $ 71.54 Non-vested at June 30, 2022 ​ 1,019 ​ $ 72.42 ​ 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, 2022
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, 2021 ​ $ — Additions for tax positions related to the current year ​ — Additions for tax positions related to the prior years ​ — Increases for tax positions related to the prior years ​ 2,008 Balance at June 30, 2022 ​ $ 2,008

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2022
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, ​ 2022 2021 2022 2021 Weighted-average shares outstanding: ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ 528,617 528,653 529,009 528,425 Dilutive ​ 6,194 6,904 6,200 6,899 Diluted ​ 534,811 535,557 535,209 535,324 ​

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2022
SEGMENT INFORMATION
Schedule of net revenues and other financial information by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2022 2021 2022 2021 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks 1 ​ $ 1,537,690 ​ $ 1,367,094 ​ $ 2,942,536 ​ $ 2,537,374 Strategic Brands ​ 79,142 ​ 86,935 ​ 171,735 ​ 154,744 Alcohol Brands 2 ​ ​ 32,447 ​ ​ — ​ ​ 47,654 ​ ​ — Other ​ 5,981 ​ 7,905 ​ 11,908 ​ 13,633 Corporate and unallocated ​ — ​ — ​ — ​ — ​ ​ $ 1,655,260 ​ $ 1,461,934 ​ $ 3,173,833 ​ $ 2,705,751 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2022 2021 2022 2021 Operating Income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks 1 ​ $ 441,719 ​ $ 547,269 ​ $ 896,282 ​ $ 1,012,088 Strategic Brands ​ 41,500 ​ 54,074 ​ 98,695 ​ 99,214 Alcohol Brands 2 ​ ​ (4,657) ​ ​ — ​ ​ (9,611) ​ ​ — Other ​ 1,034 ​ 2,230 ​ 2,161 ​ 4,024 Corporate and unallocated ​ (106,645) ​ (77,598) ​ (215,088) ​ (175,203) ​ ​ $ 372,951 ​ $ 525,975 ​ $ 772,439 ​ $ 940,123 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2022 2021 2022 2021 Income before tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks 1 ​ $ 442,407 ​ $ 547,619 ​ $ 897,540 ​ $ 1,012,587 Strategic Brands ​ 41,509 ​ 54,080 ​ 98,763 ​ 99,221 Alcohol Brands 2 ​ ​ (3,890) ​ ​ — ​ ​ (9,496) ​ ​ — Other ​ 1,025 ​ 2,230 ​ 2,162 ​ 4,024 Corporate and unallocated ​ (114,881) ​ (77,082) ​ (230,610) ​ (175,598) ​ ​ $ 366,170 ​ $ 526,847 ​ $ 758,359 ​ $ 940,234 ​ (1) Includes $10.1 million and $10.4 million for the three-months ended June 30, 2022 and 2021, respectively, related to the recognition of deferred revenue. Includes $20.1 million and $20.9 million for the six-months ended June 30, 2022 and 2021, respectively, related to the recognition of deferred revenue. (2) Effectively from February 17, 2022 to June 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2022 2021 2022 2021 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 8,102 ​ $ 8,816 ​ $ 16,262 ​ $ 17,838 Strategic Brands ​ 242 ​ 285 ​ 475 ​ 549 Alcohol Brands ​ ​ 3,683 ​ ​ — ​ ​ 5,966 ​ ​ — Other ​ 1,113 ​ 1,126 ​ 2,224 ​ 2,252 Corporate and unallocated ​ 2,682 ​ 2,447 ​ 5,505 ​ 4,860 ​ ​ $ 15,822 ​ $ 12,674 ​ $ 30,432 ​ $ 25,499
Schedule of goodwill and other intangible assets for the reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2022 2021 Goodwill and other intangible assets: ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 1,420,967 ​ $ 1,420,503 Strategic Brands ​ 976,832 ​ 978,032 Alcohol Brands ​ ​ 234,956 ​ ​ — Other ​ 3,300 ​ 5,494 Corporate and unallocated ​ — ​ — ​ ​ $ 2,636,055 ​ $ 2,404,029

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2022
RELATED PARTY TRANSACTIONS
Schedule of related party transactions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 Accounts receivable, net ​ $ 135,977 ​ $ 94,647 Accounts payable ​ $ (37,832) ​ $ (35,248) Accrued promotional allowances ​ $ (2,761) ​ $ (4,536) Accrued liabilities ​ $ (18,253) ​ $ (26,616)

ACQUISITIONS (Details)

ACQUISITIONS (Details) - CANarchy $ in Thousands	Feb. 17, 2022 USD ($)
Consideration Transferred
Total	$ 332,721
Cash	332,721
Business Combination Consideration including adjustments transferred	330,400
Identifiable Assets Acquired and Liabilities Assumed
Intangibles - trademarks (non-amortizing)	94,500
Intangibles - customer relationships (amortizing)	54,500
Intangibles - permits (non-amortizing)	6,000
Property and equipment, net	81,285
Inventory	18,300
Right-of -use assets	12,836
Operating lease liabilities	(12,836)
Working capital (excluding inventory)	(5,640)
Other	(770)
Goodwill	81,298
Cash	3,248
Total	$ 332,721

ACQUISITIONS - Additional infor

ACQUISITIONS - Additional information (Details) - Real property and equipment in Norwalk $ in Millions	May 05, 2022 USD ($)
Business Acquisition [Line Items]
Purchase price	$ 62.5
Land
Business Acquisition [Line Items]
Purchase price	50.6
Buildings
Business Acquisition [Line Items]
Purchase price	10
Equipment
Business Acquisition [Line Items]
Purchase price	$ 1.9

REVENUE RECOGNITION - (Details)

REVENUE RECOGNITION - (Details)	6 Months Ended
	Jun. 30, 2022 segment
REVENUE RECOGNITION
Number of operating segments	4
Number of reportable segments	4
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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Total Net Sales	$ 1,655,260	$ 1,461,934	$ 3,173,833	$ 2,705,751
Contract Liabilities
Deferred revenue	276,500		276,500		$ 285,800
Deferred revenue recognized in net sales	10,100	10,400	20,100	20,900
U.S. and Canada
Total Net Sales	1,050,470	952,655	2,050,336	1,769,570
EMEA
Total Net Sales	338,010	297,682	629,075	536,891
Asia Pacific
Total Net Sales	124,265	125,940	241,481	241,125
Latin America and Caribbean
Total Net Sales	142,515	85,657	252,941	158,165
Monster Energy Drinks
Total Net Sales	1,537,690	1,367,094	2,942,536	2,537,374
Monster Energy Drinks | U.S. and Canada
Total Net Sales	973,674	895,362	1,899,354	1,668,866
Monster Energy Drinks | EMEA
Total Net Sales	308,839	269,807	569,728	489,107
Monster Energy Drinks | Asia Pacific
Total Net Sales	116,788	118,934	227,343	225,681
Monster Energy Drinks | Latin America and Caribbean
Total Net Sales	138,389	82,991	246,111	153,720
Strategic Brands
Total Net Sales	79,142	86,935	171,735	154,744
Strategic Brands | U.S. and Canada
Total Net Sales	38,368	49,388	91,420	87,071
Strategic Brands | EMEA
Total Net Sales	29,171	27,875	59,347	47,784
Strategic Brands | Asia Pacific
Total Net Sales	7,477	7,006	14,138	15,444
Strategic Brands | Latin America and Caribbean
Total Net Sales	4,126	2,666	6,830	4,445
Other
Total Net Sales	5,981	7,905	11,908	13,633
Other | U.S. and Canada
Total Net Sales	5,981	$ 7,905	11,908	$ 13,633
Alcohol Brands
Total Net Sales	32,447		47,654
Alcohol Brands | U.S. and Canada
Total Net Sales	$ 32,447		$ 47,654

LEASES - Lease Terms (Details)

LEASES - Lease Terms (Details)	6 Months Ended
	Jun. 30, 2022
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)	12 years
Finance leases, lease term (in years)	12 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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
LEASES
Operating lease cost	$ 2,238	$ 1,114	$ 3,932	$ 2,245
Short-term lease cost	939	1,182	1,869	2,135
Variable lease cost	195	185	378	347
Finance leases:
Amortization of ROU assets	148	122	275	256
Interest on lease liabilities	7	5	10	9
Finance lease cost	155	127	285	265
Total lease cost	$ 3,527	$ 2,608	$ 6,464	$ 4,992

LEASES - Supplemental cash flow

LEASES - Supplemental cash flow information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 3,682	$ 2,008
Operating cash outflows from finance leases	10	9
Financing cash outflows from finance leases	1,179	1,297
ROU assets obtained in exchange for lease obligations:
Finance leases	1,561	2,238
Operating leases	$ 18,339	$ 166

LEASES - ROU assets for operati

LEASES - ROU assets for operating and finance leases (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ROU assets for operating and finance leases
Operating leases	$ 37,444	$ 23,157
Finance leases	$ 2,204	$ 2,646
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent	Other Assets, Noncurrent
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
Real Estate
ROU assets for operating and finance leases
Operating leases	$ 36,965	$ 22,518
Equipment Lease
ROU assets for operating and finance leases
Operating leases	479	639
Finance leases	$ 2,204	$ 2,646

LEASES - Operating and finance

LEASES - Operating and finance leases liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Operating Leases	$ 36,567	$ 21,379
Finance Leases	1,382	1,001
Accrued liabilities
Lessee, Lease, Description [Line Items]
Operating Leases	6,966	3,990
Finance Leases	$ 1,326	$ 960
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Other Liabilities
Lessee, Lease, Description [Line Items]
Operating Leases	$ 29,601	$ 17,389
Finance Leases	$ 56	$ 41
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent

LEASES - Weighted-average remai

LEASES - Weighted-average remaining lease term and weighted-average discount rate (Details)	Jun. 30, 2022	Dec. 31, 2021
LEASES
Weighted-average remaining lease term (years), Operating Leases	7 years 2 months 12 days	8 years 1 month 6 days
Weighted-average remaining lease term (years), Finance Leases	10 months 24 days	8 months 12 days
Weighted-average discount rate, Operating Leases	3.30%	3.50%
Weighted-average discount rate, Finance Leases	2.40%	1.30%

LEASES - Undiscounted future le

LEASES - Undiscounted future lease payments for operating and finance leases (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Operating Leases
2022 (excluding the three-months ended March 31, 2022)	$ 4,079
2023	7,448
2024	6,012
2025	4,528
2026	3,673
2027 and thereafter	15,659
Total lease payments	41,399
Less imputed interest	(4,832)
Total	36,567	$ 21,379
Finance Leases
2022 (excluding the three-months ended March 31, 2022)	881
2023	476
2024	23
2025	17
2026	2
Total lease payments	1,399
Less imputed interest	(17)
Total	$ 1,382	$ 1,001

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Available-for-sale
Amortized Cost	$ 1,408,025	$ 1,850,101
Gross Unrealized Holding Gains	105	2
Gross Unrealized Holding Losses	6,219	957
Fair Value	1,401,911	1,849,146
Continuous Unrealized Loss Position less than 12 Months	6,219	957
Short-term | Commercial paper
Available-for-sale
Amortized Cost	208,909	334,077
Fair Value	208,909	334,077
Short-term | Certificates of deposit
Available-for-sale
Amortized Cost	34,554	44,502
Fair Value	34,554	44,502
Short-term | Municipal securities
Available-for-sale
Amortized Cost	212,828	666
Gross Unrealized Holding Gains	78
Gross Unrealized Holding Losses	462
Fair Value	212,444	666
Continuous Unrealized Loss Position less than 12 Months	462
Short-term | U.S. government agency securities
Available-for-sale
Amortized Cost	74,583	62,687
Gross Unrealized Holding Losses	524	26
Fair Value	74,059	62,661
Continuous Unrealized Loss Position less than 12 Months	524	26
Short-term | U.S. treasuries
Available-for-sale
Amortized Cost	812,871	1,308,536
Gross Unrealized Holding Gains		2
Gross Unrealized Holding Losses	5,045	717
Fair Value	807,826	1,307,821
Continuous Unrealized Loss Position less than 12 Months	5,045	717
Long-term | Municipal securities
Available-for-sale
Amortized Cost	1,263
Gross Unrealized Holding Gains	2
Fair Value	1,265
Long-term | U.S. government agency securities
Available-for-sale
Amortized Cost	6,417	12,500
Gross Unrealized Holding Gains	1
Gross Unrealized Holding Losses	33	24
Fair Value	6,385	12,476
Continuous Unrealized Loss Position less than 12 Months	33	24
Long-term | U.S. treasuries
Available-for-sale
Amortized Cost	56,600	87,133
Gross Unrealized Holding Gains	24
Gross Unrealized Holding Losses	155	190
Fair Value	56,469	86,943
Continuous Unrealized Loss Position less than 12 Months	$ 155	$ 190

INVESTMENTS - Maturity Period (

INVESTMENTS - Maturity Period (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Investments
Amortized Cost	$ 1,408,025	$ 1,850,101
Fair Value	1,401,911	1,849,146
Commercial paper | Less than 1 year
Investments
Amortized Cost	208,909	334,077
Fair Value	208,909	334,077
Municipal securities | Less than 1 year
Investments
Amortized Cost	212,828	666
Fair Value	212,444	666
Municipal securities | Due 1 - 10 years
Investments
Amortized Cost	1,263
Fair Value	1,265
U.S. government agency securities | Less than 1 year
Investments
Amortized Cost	74,583	62,687
Fair Value	74,059	62,661
U.S. government agency securities | Due 1 - 10 years
Investments
Amortized Cost	6,417	12,500
Fair Value	6,385	12,476
Certificates of deposit | Less than 1 year
Investments
Amortized Cost	34,554	44,502
Fair Value	34,554	44,502
U.S. treasuries | Less than 1 year
Investments
Amortized Cost	812,871	1,308,536
Fair Value	807,826	1,307,821
U.S. treasuries | Due 1 - 10 years
Investments
Amortized Cost	56,600	87,133
Fair Value	$ 56,469	$ 86,943

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, 2022	Dec. 31, 2021
Fair value of certain financial assets and liabilities
Cash and cash equivalents	$ 1,132,039	$ 1,326,462
Short-term investments	1,337,792	1,749,727
Investments	64,119	99,419
Asset transfers between Level 1 and Level 2 measurements	0	0
Total fair value
Fair value of certain financial assets and liabilities
Cash	932,538	749,089
Foreign currency derivatives	558	(278)
Assets measured at fair value	2,534,508	3,175,330
Cash and cash equivalents	1,132,039	1,326,462
Short-term investments	1,337,792	1,749,727
Accounts receivable, net	620	654
Investments	64,119	99,419
Accrued liabilities	(62)	(932)
Total fair value | Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	124,879	440,826
Total fair value | Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	34,554	44,502
Total fair value | Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	220,624	335,477
Total fair value | Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	218,435	2,428
Total fair value | U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	92,664	75,137
Total fair value | U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	910,256	1,528,149
Level 1
Fair value of certain financial assets and liabilities
Cash	932,538	749,089
Assets measured at fair value	1,057,417	1,189,915
Cash and cash equivalents	1,057,417	1,189,915
Level 1 | Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	124,879	440,826
Level 2
Fair value of certain financial assets and liabilities
Foreign currency derivatives	558	(278)
Assets measured at fair value	1,477,091	1,985,415
Cash and cash equivalents	74,622	136,547
Short-term investments	1,337,792	1,749,727
Accounts receivable, net	620	654
Investments	64,119	99,419
Accrued liabilities	(62)	(932)
Level 2 | Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	34,554	44,502
Level 2 | Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	220,624	335,477
Level 2 | Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	218,435	2,428
Level 2 | U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	92,664	75,137
Level 2 | U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	$ 910,256	$ 1,528,149

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Notional Amount and Fair Value (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Foreign currency exchange contracts | Maximum
Derivative Instruments and Hedging Activities
Term of derivative instrument	1 month
Derivatives not designated as hedging instruments | Accounts receivables, net | Receive SGD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets		$ 16,544
Fair Value, Assets		297
Derivatives not designated as hedging instruments | Accounts receivables, net | Receive RSD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets		9,837
Fair Value, Assets		46
Derivatives not designated as hedging instruments | Accounts receivables, net | Receive USD/pay GBP
Derivative Instruments and Hedging Activities
Notional amount, Assets	$ 11,453
Fair Value, Assets	14
Derivatives not designated as hedging instruments | Accounts receivables, net | Receive USD/pay EUR
Derivative Instruments and Hedging Activities
Notional amount, Assets	39,939
Fair Value, Assets	391
Derivatives not designated as hedging instruments | Accounts receivables, net | Receive USD/pay RUB
Derivative Instruments and Hedging Activities
Notional amount, Assets		7,175
Fair Value, Assets		15
Derivatives not designated as hedging instruments | Accounts receivables, net | Receive USD/pay AUD
Derivative Instruments and Hedging Activities
Notional amount, Assets	1,520
Fair Value, Assets	1
Derivatives not designated as hedging instruments | Accounts receivables, net | Receive USD/pay COP
Derivative Instruments and Hedging Activities
Notional amount, Assets	11,106	9,754
Fair Value, Assets	111	296
Derivatives not designated as hedging instruments | Accounts receivables, net | Receive USD/pay ZAR
Derivative Instruments and Hedging Activities
Notional amount, Assets	6,495
Fair Value, Assets	77
Derivatives not designated as hedging instruments | Accounts receivables, net | Receive USD/pay DKK
Derivative Instruments and Hedging Activities
Notional amount, Assets	2,070
Fair Value, Assets	11
Derivatives not designated as hedging instruments | Accounts receivables, net | Receive USD/pay NZD
Derivative Instruments and Hedging Activities
Notional amount, Assets	3,386
Fair Value, Assets	14
Derivatives not designated as hedging instruments | Accounts receivables, net | Receive USD/pay MXN
Derivative Instruments and Hedging Activities
Notional amount, Assets	21,577
Fair Value, Assets	1
Derivatives not designated as hedging instruments | Accrued liabilities | Receive SGD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	14,827
Fair Value, Liabilities	(2)
Derivatives not designated as hedging instruments | Accrued liabilities | Receive RSD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	1,233
Fair Value, Liabilities	(3)
Derivatives not designated as hedging instruments | Accrued liabilities | Receive USD/pay GBP
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		29,929
Fair Value, Liabilities		(666)
Derivatives not designated as hedging instruments | Accrued liabilities | Receive USD/pay EUR
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		3,045
Fair Value, Liabilities		(29)
Derivatives not designated as hedging instruments | Accrued liabilities | Receive USD/pay AUD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		2,602
Fair Value, Liabilities		(88)
Derivatives not designated as hedging instruments | Accrued liabilities | Receive USD/pay CNY
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	12,219	12,230
Fair Value, Liabilities	(12)	(74)
Derivatives not designated as hedging instruments | Accrued liabilities | Receive USD/pay ZAR
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		4,140
Fair Value, Liabilities		(21)
Derivatives not designated as hedging instruments | Accrued liabilities | Receive USD/pay DKK
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		1,461
Fair Value, Liabilities		(9)
Derivatives not designated as hedging instruments | Accrued liabilities | Receive USD/pay NZD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		2,693
Fair Value, Liabilities		$ (45)
Derivatives not designated as hedging instruments | Accrued liabilities | Receive CAD Pay USD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	21,878
Fair Value, Liabilities	$ (45)

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Nonhedging Designation (Details) - Derivatives not designated as hedging instruments - Foreign currency exchange contracts - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net gains on derivative instruments
Amount of loss recognized in income on derivatives	$ 743	$ (1,528)	$ (3,275)	$ (5,398)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
INVENTORIES
Raw materials	$ 479,039	$ 349,865
Work in process	1,556
Finished goods	405,353	243,492
Inventories	$ 885,948	$ 593,357

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Property and equipment, net
Property and equipment, gross	$ 701,703		$ 701,703		$ 538,538
Less: accumulated depreciation and amortization	(237,162)		(237,162)		(224,785)
Property and equipment, net	464,541		464,541		313,753
Total depreciation and amortization expense	13,800	$ 11,600	26,900	$ 23,300
Land
Property and equipment, net
Property and equipment, gross	136,701		136,701		85,455
Leasehold improvements
Property and equipment, net
Property and equipment, gross	30,930		30,930		11,845
Furniture and fixtures
Property and equipment, net
Property and equipment, gross	9,196		9,196		8,274
Office and computer equipment
Property and equipment, net
Property and equipment, gross	23,132		23,132		21,601
Computer software
Property and equipment, net
Property and equipment, gross	7,478		7,478		8,383
Equipment
Property and equipment, net
Property and equipment, gross	248,414		248,414		190,333
Buildings
Property and equipment, net
Property and equipment, gross	198,282		198,282		167,243
Vehicles
Property and equipment, net
Property and equipment, gross	$ 47,570		$ 47,570		$ 45,404

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Goodwill
Goodwill, Beginning Balance	$ 1,331,643	$ 1,331,643
Acquisitions	81,298	0
Goodwill, Ending Balance	1,412,941	1,331,643
Monster Energy Drinks
Goodwill
Goodwill, Beginning Balance	693,644	693,644
Acquisitions		0
Goodwill, Ending Balance	693,644	693,644
Strategic Brands
Goodwill
Goodwill, Beginning Balance	637,999	637,999
Acquisitions		0
Goodwill, Ending Balance	637,999	637,999
Alcohol Brands
Goodwill
Acquisitions	81,298	0
Goodwill, Ending Balance	$ 81,298
Other
Goodwill
Acquisitions		$ 0

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Intangible assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Intangible assets
Amortizing intangibles	$ 121,371		$ 121,371		$ 66,872
Accumulated amortization	(64,771)		(64,771)		(61,227)
Amortizing intangibles, net	56,600		56,600		5,645
Non-amortizing intangibles	1,166,514		1,166,514		1,066,741
Intangibles, net	1,223,114		1,223,114		$ 1,072,386
Amortization expense	$ 2,000	$ 1,100	$ 3,500	$ 2,200
Minimum
Intangible assets
Useful life of intangible assets			5 years
Maximum
Intangible assets
Useful life of intangible assets			15 years

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization expense (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Future estimated amortization expense related to amortizing intangibles
2022 (excluding the six-months ended June 30, 2022)	$ 4,019
2023	4,745
2024	3,647
2025	3,647
2026	3,646
2027 and thereafter	36,896
Amortizing intangibles, net	$ 56,600	$ 5,645

DISTRIBUTION AGREEMENTS (Detail

DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
DISTRIBUTION AGREEMENTS
Distribution agreement (in years)			20 years
Revenue recognized	$ 10.1	$ 10.4	$ 20.1	$ 20.9

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Purchase Commitments (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Purchase Commitments
Aggregate contractual obligations	$ 332.2
Line of credit
Purchase Commitments
Maximum borrowing capacity	$ 15
Interest rate (as a percent)	5.50%
Amount outstanding	$ 11.7
Raw material items
Purchase Commitments
Purchase commitments	$ 339.1
Obligation term ( in years)	1 year

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Litigation (Details) - USD ($) $ in Millions	1 Months Ended
	Apr. 30, 2022	Jun. 30, 2022
COMMITMENTS AND CONTINGENCIES
Loss contingencies		$ 0.2
Amount awarded to the company	$ 175
Percentage of royalty awarded by the court on sales	5%

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	$ (69,165)	$ (3,034)
Other comprehensive (loss) income before reclassifications	(83,792)	(19,856)
Amounts reclassified from accumulated other comprehensive (loss) income	0
Net current-period other comprehensive (loss) income	(83,792)	(19,856)
Balance at the end of the period	(152,957)	16,822
Currency Translation Losses
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	(68,209)	2,950
Other comprehensive (loss) income before reclassifications	(78,628)	(19,696)
Amounts reclassified from accumulated other comprehensive (loss) income	0
Net current-period other comprehensive (loss) income	(78,628)	(19,696)
Balance at the end of the period	(146,837)	(16,746)
Unrealized Losses on Available-for-Sale Securities
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	(956)	84
Other comprehensive (loss) income before reclassifications	(5,164)	(160)
Amounts reclassified from accumulated other comprehensive (loss) income	0
Net current-period other comprehensive (loss) income	(5,164)	(160)
Balance at the end of the period	$ (6,120)	$ (76)

TREASURY STOCK (Details)

TREASURY STOCK (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended				6 Months Ended
	Aug. 05, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 14, 2022	Mar. 31, 2020
Treasury Stock Purchase
Number of shares repurchased of common stock from employees in lieu of cash or withholding taxes due		2,936
Amount of shares purchased		$ 284,311	$ 12,187	$ 399	$ 13,419
Cash payment for repurchase of common stock from employees in lieu of cash or withholding taxes due		$ 300
March 2020 Repurchase Plan
Treasury Stock Purchase
Repurchase of common stock (in shares)						3,300,000
Average purchase price (in dollars per share)						$ 86.53
Amount of shares purchased						$ 284,100
Repurchase price of stock	$ 157,400
March 2020 Repurchase Plan | Maximum
Treasury Stock Purchase
Share repurchase program, authorized amount								$ 500,000
June 2022 Repurchase Plan
Treasury Stock Purchase
Repurchase of common stock (in shares)		0
Repurchase price of stock	$ 500,000
June 2022 Repurchase Plan | Maximum
Treasury Stock Purchase
Share repurchase program, authorized amount							$ 500,000

STOCK-BASED COMPENSATION - Plan

STOCK-BASED COMPENSATION - Plans (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) plan	Jun. 30, 2021 USD ($)
STOCK-BASED COMPENSATION
Stock-based compensation plans | plan			2
Compensation expense on share-based plans	$ 16.3	$ 17.3	$ 32.6	$ 35.7
Excess tax benefit realized for tax deductions from non-qualified stock option exercises and disqualifying dispositions of incentive stock options	$ 2.2	$ 2.7	$ 2.7	$ 4.1

STOCK-BASED COMPENSATION - Fair

STOCK-BASED COMPENSATION - Fair Value Assumptions (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Stock options, Number of Shares
Balance at the beginning of the period (in shares)			13,860
Exercised (in shares)			(520)
Cancelled or forfeited (in shares)			(88)
Balance at the end of the period (in shares)	15,749		15,749		13,860
Vested and expected to vest in the future at the end of the period (in shares)	15,308		15,308
Exercisable at the end of the period (in shares)	10,569		10,569
Stock options, Weighted-Average Exercise Price Per Share
Balance at the beginning of the period (in dollars per share)			$ 48.19
Exercised (in dollars per share)			43.50
Cancelled or forfeited (in dollars per share)			74.32
Balance at the end of the period (in dollars per share)	$ 52.29		52.29		$ 48.19
Vested and expected to vest in the future at the end of the period (in dollars per share)	51.67		51.67
Exercisable at the end of the period (in dollars per share)	$ 42.99		$ 42.99
Weighted-Average Remaining Contractual Term (in years)
Weighted-Average Remaining Contractual Terms (in years)			5 years 4 months 24 days		5 years 1 month 6 days
Vested and expected to vest in the future at the end of the period			5 years 3 months 18 days
Exercisable at the end of the period			3 years 10 months 24 days
Aggregate Intrinsic Value
Balance at the beginning of the period			$ 663,148
Balance at the end of the period	$ 636,392		636,392		$ 663,148
Vested and expected to vest in the future at the end of the period	628,074		628,074
Exercisable at the end of the period	$ 525,344		$ 525,344
Granted 01/01/22 - 03/31/22
Stock options, Number of Shares
Granted (in shares)			2,489
Stock options, Weighted-Average Exercise Price Per Share
Granted (in dollars per share)			$ 73.96
Granted 04/01/22 - 06/30/22
Stock options, Number of Shares
Granted (in shares)			8
Stock options, Weighted-Average Exercise Price Per Share
Granted (in dollars per share)			$ 88.05
Stock options
Weighted-average assumptions used to estimate the fair value of options granted
Dividend yield (as a percent)	0%	0%	0%	0%
Expected volatility (as a percent)	27.80%	29%	27.70%	28.90%
Risk-free interest rate (as a percent)	3%	0.90%	2.10%	0.80%
Expected term	6 years 2 months 12 days	5 years 10 months 24 days	6 years	5 years 9 months 18 days

STOCK-BASED COMPENSATION - Equi

STOCK-BASED COMPENSATION - Equity Awards (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
STOCK-BASED COMPENSATION
Stock units expected to vest (in shares)	15,308		15,308
Total employee and non-employee share-based compensation expense included in income, before income tax			$ 32,609	$ 35,691
Stock options
STOCK-BASED COMPENSATION
Weighted-average grant-date fair value of options granted (in dollars per share)	$ 29.92	$ 26.89	$ 23.23	$ 25.79
Total intrinsic value of options exercised	$ 18,000	$ 21,000	$ 22,900	$ 28,200
Cash received from option exercises	18,100	$ 17,700	22,600	$ 24,500
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 86,100		$ 86,100
Cost expected to be recognized over a weighted-average period			3 years 2 months 12 days
Restricted stock units
STOCK-BASED COMPENSATION
Weighted-average grant-date fair value of options granted (in dollars per share)	$ 87.52	$ 92.14
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)			$ 73.95	$ 89.12
Restricted Stock Units and Performance Share Units
STOCK-BASED COMPENSATION
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 50,600		$ 50,600
Cost expected to be recognized over a weighted-average period			2 years 1 month 6 days
Stock units expected to vest (in shares)	1,000		1,000
Number of Shares
Non-vested at the beginning of the period (in shares)			910
Vested (in shares)			(381)
Forfeited/cancelled (in shares)			(9)
Non-vested at the end of the period (in shares)	1,019		1,019
Weighted Average Grant-Date Fair Value
Non-vested at the beginning of the period (in dollars per share)			$ 69.02
Vested (in dollars per share)			64.24
Forfeited/cancelled (in dollars per share)			71.54
Non-vested at the end of the period (in dollars per share)	$ 72.42		$ 72.42
Restricted Stock Units and Performance Share Units | Granted 01/01/22 - 03/31/22
Number of Shares
Granted (in shares)			484
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)			$ 71.88
Restricted Stock Units and Performance Share Units | Granted 04/01/22 - 06/30/22
Number of Shares
Granted (in shares)			15
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)			$ 87.52
Performance Share Units
STOCK-BASED COMPENSATION
Percentage of Target Performance Level			100%
Performance Share Units | Maximum
STOCK-BASED COMPENSATION
Percentage of Target Performance Level			200%
Performance Share Units | Minimum
STOCK-BASED COMPENSATION
Percentage of Target Performance Level			0%
Other share-based awards
STOCK-BASED COMPENSATION
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 300		$ 300
Cost expected to be recognized over a weighted-average period			6 months

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefit Rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Gross unrecognized tax benefits, roll forward
Balance at the beginning of the period	$ 0
Increases for tax positions related to the prior years	2,008
Balance at the end of the period	2,008
Accrued interest and penalties related to unrecognized tax benefits	$ 300

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Weighted-average shares outstanding:
Basic	528,617	528,653	529,009	528,425
Dilutive	6,194	6,904	6,200	6,899
Diluted	534,811	535,557	535,209	535,324
Options and awards outstanding excluded from the calculations as their effect would have been antidilutive (in shares)	3,500	1,000	2,500	600

SEGMENT INFORMATION - Net Reven

SEGMENT INFORMATION - Net Revenues (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) segment	Jun. 30, 2021 USD ($)
Segment information
Number of reportable segments | segment			4
Number of operating segments | segment			4
Total Net Sales	$ 1,655,260	$ 1,461,934	$ 3,173,833	$ 2,705,751
Operating income	372,951	525,975	772,439	940,123
Income before tax	366,170	526,847	758,359	940,234
Recognition of deferred revenue	10,100	10,400	20,100	20,900
Corporate and Unallocated
Segment information
Operating income	(106,645)	(77,598)	(215,088)	(175,203)
Income before tax	(114,881)	(77,082)	(230,610)	(175,598)
Monster Energy Drinks
Segment information
Total Net Sales	1,537,690	1,367,094	2,942,536	2,537,374
Monster Energy Drinks | Operating segment
Segment information
Total Net Sales	1,537,690	1,367,094	2,942,536	2,537,374
Operating income	441,719	547,269	896,282	1,012,088
Income before tax	442,407	547,619	897,540	1,012,587
Recognition of deferred revenue	10,100	10,400
Strategic Brands
Segment information
Total Net Sales	79,142	86,935	171,735	154,744
Strategic Brands | Operating segment
Segment information
Total Net Sales	79,142	86,935	171,735	154,744
Operating income	41,500	54,074	98,695	99,214
Income before tax	41,509	54,080	98,763	99,221
Alcohol Brands
Segment information
Total Net Sales	32,447		47,654
Alcohol Brands | Operating segment
Segment information
Total Net Sales	32,447		47,654
Operating income	(4,657)		(9,611)
Income before tax	(3,890)		(9,496)
Other
Segment information
Total Net Sales	5,981	7,905	11,908	13,633
Other | Operating segment
Segment information
Total Net Sales	5,981	7,905	11,908	13,633
Operating income	1,034	2,230	2,161	4,024
Income before tax	$ 1,025	$ 2,230	$ 2,162	$ 4,024

SEGMENT INFORMATION - Depreciat

SEGMENT INFORMATION - Depreciation and Amortization (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment information
Depreciation and amortization	$ 15,822	$ 12,674	$ 30,432	$ 25,499
Corporate and Unallocated
Segment information
Depreciation and amortization	2,682	2,447	5,505	4,860
Monster Energy Drinks | Operating segment
Segment information
Depreciation and amortization	8,102	8,816	16,262	17,838
Strategic Brands | Operating segment
Segment information
Depreciation and amortization	242	285	475	549
Alcohol Brands | Operating segment
Segment information
Depreciation and amortization	3,683		5,966
Other | Operating segment
Segment information
Depreciation and amortization	$ 1,113	$ 1,126	$ 2,224	$ 2,252

SEGMENT INFORMATION - Expenses

SEGMENT INFORMATION - Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2017
Segment information
Operating income (loss)	$ 372,951	$ 525,975	$ 772,439	$ 940,123
Stock-based compensation expense	16,300	17,300	32,600	35,700
Corporate and Unallocated
Segment information
Operating income (loss)	(106,645)	(77,598)	(215,088)	(175,203)
Payroll costs	70,000	61,200	138,100	126,300
Stock-based compensation expense	16,000	17,300	32,200	35,600
Professional service expenses	$ 16,900	21,000	43,300	41,400
Intellectual property claim		16,900		16,900
Other operating expenses		$ 12,300	$ 33,700	$ 24,400	$ 19,700

SEGMENT INFORMATION - Concentra

SEGMENT INFORMATION - Concentration Risk (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment information
Total Net Sales	$ 1,655,260	$ 1,461,934	$ 3,173,833	$ 2,705,751
Sales | Outside United States
Segment information
Total Net Sales	$ 649,000	$ 546,300	$ 1,200,000	$ 1,010,000
Sales | Customer concentration | Outside United States
Segment information
Percentage of net sales	39%	37%	38%	37%
Coca-Cola Consolidated, Inc | Sales | Customer concentration
Segment information
Percentage of net sales	11%	11%	10%	11%
Reyes Coca-Cola Bottling | Sales | Customer concentration
Segment information
Percentage of net sales	9%	11%	9%	10%
Coca-Cola European Partners | Sales | Customer concentration
Segment information
Percentage of net sales	14%	12%	13%	12%

SEGMENT INFORMATION - Goodwill

SEGMENT INFORMATION - Goodwill and other intangible assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Segment information
Goodwill and other intangible assets	$ 2,636,055	$ 2,404,029
Monster Energy Drinks | Operating segment
Segment information
Goodwill and other intangible assets	1,420,967	1,420,503
Strategic Brands | Operating segment
Segment information
Goodwill and other intangible assets	976,832	978,032
Alcohol Brands | Operating segment
Segment information
Goodwill and other intangible assets	234,956
Other | Operating segment
Segment information
Goodwill and other intangible assets	$ 3,300	$ 5,494

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) director	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Mar. 31, 2022 USD ($)	Mar. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2018 USD ($)
Related party transactions
Equity loss	$ 6,809,178	$ 5,905,498	$ 6,809,178	$ 5,905,498	$ 6,566,951	$ 6,866,672	$ 5,459,437	$ 5,160,860
TCCC
Related party transactions
Net sales	26,500	27,000	58,300	54,100
Purchases from related party	$ 6,500	7,700	$ 15,000	14,100
Additional commissions and fees					74,200
TCCC | Voting interests
Related party transactions
Related Party Ownership Interest (as a percent)	19.40%		19.40%
TCCC Subsidiaries and TCCC Related parties
Related party transactions
Commission expenses	$ 10,100	20,100	$ 28,500	36,200
TCCC Subsidiaries and TCCC Related parties | Monster Energy Drinks
Related party transactions
Contract manufacturing expenses	4,800	6,600	14,000	14,000
TCCC Related parties and TCCC Independent Bottlers | Operating expense
Related party transactions
Commission expenses	7,800	8,100	18,800	13,600
TCCC Subsidiaries
Related party transactions
Accounts receivable, net	135,977		135,977		94,647
Accounts payable	(37,832)		(37,832)		(35,248)
Accrued promotional allowances	(2,761)		(2,761)		(4,536)
Accrued liabilities	(18,253)		$ (18,253)		$ (26,616)
Principal owners
Related party transactions
Number of directors | director			1
Expenses incurred in connection with materials or services provided by a related party	2,300	$ 1,400	$ 3,400	$ 1,800
Business Travelling Expenses	0		80
Director that serves as counsel
Related party transactions
Partnership contribution	1,300		1,300						$ 1,900
Gain (loss) on investment	$ 60		$ 90
Director that serves as counsel | Voting interests
Related party transactions
Related Party Ownership Interest (as a percent)									50%