Monster Beverage (MNST) 10-Q4 Nov 222022 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2022	Oct. 31, 2022
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Year Focus	2022
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		521,743,612
Entity Central Index Key	0000865752
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 1,303,048	$ 1,326,462
Short-term investments	1,346,781	1,749,727
Accounts receivable, net	1,051,642	896,658
Inventories	862,977	593,357
Prepaid expenses and other current assets	112,294	82,668
Prepaid income taxes	19,949	33,238
Total current assets	4,696,691	4,682,110
INVESTMENTS	72,373	99,419
PROPERTY AND EQUIPMENT, net	485,550	313,753
DEFERRED INCOME TAXES, net	195,511	225,221
GOODWILL	1,412,941	1,331,643
OTHER INTANGIBLE ASSETS, net	1,225,826	1,072,386
OTHER ASSETS	115,913	80,252
Total Assets	8,204,805	7,804,784
CURRENT LIABILITIES:
Accounts payable	520,198	404,263
Accrued liabilities	198,692	210,964
Accrued promotional allowances	281,650	211,461
Deferred revenue	42,608	42,530
Accrued compensation	61,426	65,459
Income taxes payable	17,143	30,399
Total current liabilities	1,121,717	965,076
DEFERRED REVENUE	226,294	243,249
OTHER LIABILITIES	41,034	29,508
COMMITMENTS AND CONTINGENCIES (Note 12)
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 1,250,000 shares authorized; 641,245 shares issued and 523,965 shares outstanding as of September 30, 2022; 640,043 shares issued and 529,323 shares outstanding as of December 31, 2021	3,206	3,200
Additional paid-in capital	4,736,141	4,652,620
Retained earnings	8,699,499	7,809,549
Accumulated other comprehensive loss	(224,455)	(69,165)
Common stock in treasury, at cost; 117,280 shares and 110,720 shares as of September 30, 2022 and December 31, 2021, respectively	(6,398,631)	(5,829,253)
Total stockholders' equity	6,815,760	6,566,951
Total Liabilities and Stockholders' Equity	$ 8,204,805	$ 7,804,784

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Sep. 30, 2022	Dec. 31, 2021
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$ 0.005	$ 0.005
Common stock, shares authorized	1,250,000	1,250,000
Common stock, shares issued	641,245	640,043
Common stock, shares outstanding	523,965	529,323
Common stock in treasury, shares	117,280	110,720

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
NET SALES	$ 1,624,286	$ 1,410,557	$ 4,798,119	$ 4,116,308
COST OF SALES	790,561	621,399	2,407,867	1,775,375
GROSS PROFIT	833,725	789,158	2,390,252	2,340,933
OPERATING EXPENSES	415,795	344,694	1,199,883	956,346
OPERATING INCOME	417,930	444,464	1,190,369	1,384,587
INTEREST and OTHER INCOME (EXPENSE), net	2,149	(2,290)	(11,932)	(2,179)
INCOME BEFORE PROVISION FOR INCOME TAXES	420,079	442,174	1,178,437	1,382,408
PROVISION FOR INCOME TAXES	97,692	104,969	288,487	326,247
NET INCOME	$ 322,387	$ 337,205	$ 889,950	$ 1,056,161
NET INCOME PER COMMON SHARE:
Basic	$ 0.61	$ 0.64	$ 1.68	$ 2
Diluted	$ 0.60	$ 0.63	$ 1.66	$ 1.97
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS:
Basic	526,797	528,997	528,263	528,618
Diluted	533,300	535,915	534,599	535,554
U.S. and Canada
NET SALES	$ 1,060,242	$ 921,744	$ 3,110,579	$ 2,691,313
EMEA
NET SALES	320,642	280,551	949,717	817,442
Asia Pacific
NET SALES	109,093	126,467	350,575	367,592
Latin America and Caribbean
NET SALES	134,309	81,795	387,248	239,961
Monster Energy Drinks
NET SALES	1,502,219	1,329,793	4,444,755	3,867,162
Monster Energy Drinks \| U.S. and Canada
NET SALES	982,952	880,012	2,882,306	2,548,873
Monster Energy Drinks \| EMEA
NET SALES	288,077	252,101	857,805	741,208
Monster Energy Drinks \| Asia Pacific
NET SALES	100,288	120,864	327,632	346,545
Monster Energy Drinks \| Latin America and Caribbean
NET SALES	130,902	76,816	377,012	230,536
Strategic Brands
NET SALES	88,802	74,449	260,536	229,193
Strategic Brands \| U.S. and Canada
NET SALES	44,025	35,417	135,445	122,487
Strategic Brands \| EMEA
NET SALES	32,565	28,450	91,912	76,234
Strategic Brands \| Asia Pacific
NET SALES	8,805	5,603	22,943	21,047
Strategic Brands \| Latin America and Caribbean
NET SALES	3,407	4,979	10,236	9,425
Other
NET SALES	6,447	6,315	18,356	19,953
Other \| U.S. and Canada
NET SALES	6,447	6,315	18,356	19,953
Other \| EMEA
NET SALES	0	0	0	0
Other \| Asia Pacific
NET SALES	0	0	0	0
Other \| Latin America and Caribbean
NET SALES	0	0	0	0
Alcohol Brands
NET SALES	26,818	0	74,472	0
Alcohol Brands \| U.S. and Canada
NET SALES	26,818	0	74,472	0
Alcohol Brands \| EMEA
NET SALES	0	0	0	0
Alcohol Brands \| Asia Pacific
NET SALES	0	0	0	0
Alcohol Brands \| Latin America and Caribbean
NET SALES	$ 0	$ 0	$ 0	$ 0

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income, as reported	$ 322,387	$ 337,205	$ 889,950	$ 1,056,161
Other comprehensive income (loss):
Change in foreign currency translation adjustment	(68,822)	(26,716)	(147,450)	(46,412)
Available-for-sale investments:
Change in net unrealized (losses) gains	(2,675)	43	(7,840)	(117)
Reclassification adjustment for net gains included in net income	0	0	0	0
Net change in available-for-sale investments	(2,675)	43	(7,840)	(117)
Other comprehensive income (loss)	(71,497)	(26,673)	(155,290)	(46,529)
Comprehensive income	$ 250,890	$ 310,532	$ 734,660	$ 1,009,632

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury stock	Total
Balance at Dec. 31, 2020	$ 3,193	$ 4,537,982	$ 6,432,074	$ 3,034	$ (5,815,423)	$ 5,160,860
Balance (in shares) at Dec. 31, 2020	638,662				(110,565)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		17,949				17,949
Exercise of stock options	$ 3	6,758				6,761
Exercise of stock options (in shares)	492
Unrealized gain (loss), net on available-for-sale securities				24		24
Repurchase of common stock					$ (13,419)	(13,419)
Repurchase of common stock (in shares)					(150)
Foreign currency translation				(27,932)		(27,932)
Net income			315,194			315,194
Balance at Mar. 31, 2021	$ 3,196	4,562,689	6,747,268	(24,874)	$ (5,828,842)	5,459,437
Balance (in shares) at Mar. 31, 2021	639,154				(110,715)
Balance at Dec. 31, 2020	$ 3,193	4,537,982	6,432,074	3,034	$ (5,815,423)	5,160,860
Balance (in shares) at Dec. 31, 2020	638,662				(110,565)
Increase (Decrease) in Stockholders' Equity
Unrealized gain (loss), net on available-for-sale securities						(117)
Net income						1,056,161
Balance at Sep. 30, 2021	$ 3,199	4,626,299	7,488,235	(43,495)	$ (5,829,241)	6,244,997
Balance (in shares) at Sep. 30, 2021	639,851				(110,719)
Balance at Mar. 31, 2021	$ 3,196	4,562,689	6,747,268	(24,874)	$ (5,828,842)	5,459,437
Balance (in shares) at Mar. 31, 2021	639,154				(110,715)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		16,921				16,921
Exercise of stock options	$ 2	17,723				17,725
Exercise of stock options (in shares)	422
Unrealized gain (loss), net on available-for-sale securities				(183)		(183)
Repurchase of common stock					$ (399)	(399)
Repurchase of common stock (in shares)					(4)
Foreign currency translation				8,235		8,235
Net income			403,762			403,762
Balance at Jun. 30, 2021	$ 3,198	4,597,333	7,151,030	(16,822)	$ (5,829,241)	5,905,498
Balance (in shares) at Jun. 30, 2021	639,576				(110,719)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		16,293				16,293
Exercise of stock options	$ 1	12,673				12,674
Exercise of stock options (in shares)	275
Unrealized gain (loss), net on available-for-sale securities				43		43
Foreign currency translation				(26,716)		(26,716)
Net income			337,205			337,205
Balance at Sep. 30, 2021	$ 3,199	4,626,299	7,488,235	(43,495)	$ (5,829,241)	6,244,997
Balance (in shares) at Sep. 30, 2021	639,851				(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 gain (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)						813
Unrealized gain (loss), net on available-for-sale securities						$ (7,840)
Net income						889,950
Balance at Sep. 30, 2022	$ 3,206	4,736,141	8,699,499	(224,455)	$ (6,398,631)	6,815,760
Balance (in shares) at Sep. 30, 2022	641,245				(117,280)
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 gain (loss), net on available-for-sale securities				(1,106)		(1,106)
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	(152,958)	$ (6,125,751)	6,809,177
Balance (in shares) at Jun. 30, 2022	640,944				(114,172)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		16,436				16,436
Exercise of stock options	$ 1	12,136				12,137
Exercise of stock options (in shares)	301
Unrealized gain (loss), net on available-for-sale securities				(2,675)		(2,675)
Repurchase of common stock					$ (272,880)	(272,880)
Repurchase of common stock (in shares)					(3,108)
Foreign currency translation				(68,822)		(68,822)
Net income			322,387			322,387
Balance at Sep. 30, 2022	$ 3,206	$ 4,736,141	$ 8,699,499	$ (224,455)	$ (6,398,631)	$ 6,815,760
Balance (in shares) at Sep. 30, 2022	641,245				(117,280)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 889,950	$ 1,056,161
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	46,040	37,854
Non-cash lease expense	5,180	2,862
Gain on disposal of property and equipment	(253)	(984)
Stock-based compensation	49,167	52,391
Deferred income taxes	29,710	353
Effect on cash of changes in operating assets and liabilities net of acquisition:
Accounts receivable	(202,447)	(199,481)
Inventories	(297,140)	(149,414)
Prepaid expenses and other assets	(39,204)	(41,162)
Prepaid income taxes	7,867	(7,365)
Accounts payable	52,663	106,570
Accrued liabilities	(2,572)	39,387
Accrued promotional allowances	89,236	51,022
Accrued compensation	(6,636)	(2,888)
Income taxes payable	(12,823)	(114)
Other liabilities	(3,492)	574
Deferred revenue	(16,060)	(17,784)
Net cash provided by operating activities	589,186	927,982
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of available-for-sale investments	1,823,943	1,016,556
Purchases of available-for-sale investments	(1,393,910)	(1,343,351)
Acquisition of CANarchy, net of cash	(329,472)	0
Purchases of property and equipment	(136,158)	(28,131)
Proceeds from sale of property and equipment	603	1,246
Additions to intangibles	(3,578)	(5,211)
Increase in other assets	(19,171)	(22,809)
Net cash used in investing activities	(57,743)	(381,700)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on debt	(719)	(1,814)
Issuance of common stock	34,759	37,160
Purchases of common stock held in treasury	(493,315)	(13,818)
Net cash (used in) provided by financing activities	(459,275)	21,528
Effect of exchange rate changes on cash and cash equivalents	(95,582)	(35,552)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(23,414)	532,258
CASH AND CASH EQUIVALENTS, beginning of period	1,326,462	1,180,413
CASH AND CASH EQUIVALENTS, end of period	1,303,048	1,712,671
Cash paid during the period for:
Interest	359	99
Income taxes	$ 297,526	$ 338,584

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS
Accrued liabilities for intangible assets	$ 14.4	$ 13
Accounts payable for purchases of equipment	2.6	0.5
Included in accounts payable related to additions to other intangible assets		$ 2
Accounts payable for purchase of available-for-sale short-term investment	7.9
Accounts payable for purchases of common stock held in treasury	$ 76.1

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Sep. 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 nine-months ended September 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	9 Months Ended
ACQUISITIONS	Sep. 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 due to the short-term nature of the accounts. The Company has determined goodwill in accordance with ASC 805, 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 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	9 Months Ended
REVENUE RECOGNITION	Sep. 30, 2022
REVENUE RECOGNITION
REVENUE RECOGNITION	3. REVENUE RECOGNITION The Company has four operating and reportable 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 September 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 September 30, 2022 Latin America U.S. and and Net Sales Canada EMEA 1 Asia Pacific Caribbean Total Monster Energy® Drinks $ 982,952 $ 288,077 $ 100,288 $ 130,902 $ 1,502,219 Strategic Brands 44,025 32,565 8,805 3,407 88,802 Alcohol Brands 26,818 — — — 26,818 Other 6,447 — — — 6,447 Total Net Sales $ 1,060,242 $ 320,642 $ 109,093 $ 134,309 $ 1,624,286 Three-Months Ended September 30, 2021 Latin America U.S. and and Net Sales Canada EMEA 1 Asia Pacific Caribbean Total Monster Energy® Drinks $ 880,012 $ 252,101 $ 120,864 $ 76,816 $ 1,329,793 Strategic Brands 35,417 28,450 5,603 4,979 74,449 Alcohol Brands — — — — — Other 6,315 — — — 6,315 Total Net Sales $ 921,744 $ 280,551 $ 126,467 $ 81,795 $ 1,410,557 1 Europe, Middle East and Africa (“EMEA”) Nine-Months Ended September 30, 2022 Latin America U.S. and and Net Sales Canada EMEA 1 Asia Pacific Caribbean Total Monster Energy® Drinks $ 2,882,306 $ 857,805 $ 327,632 $ 377,012 $ 4,444,755 Strategic Brands 135,445 91,912 22,943 10,236 260,536 Alcohol Brands 2 74,472 — — — 74,472 Other 18,356 — — — 18,356 Total Net Sales $ 3,110,579 $ 949,717 $ 350,575 $ 387,248 $ 4,798,119 Nine-Months Ended September 30, 2021 Latin America U.S. and and Net Sales Canada EMEA 1 Asia Pacific Caribbean Total Monster Energy® Drinks $ 2,548,873 $ 741,208 $ 346,545 $ 230,536 $ 3,867,162 Strategic Brands 122,487 76,234 21,047 9,425 229,193 Alcohol Brands — — — — — Other 19,953 — — — 19,953 Total Net Sales $ 2,691,313 $ 817,442 $ 367,592 $ 239,961 $ 4,116,308 1 Europe, Middle East and Africa (“EMEA”) 2 Effectively from February 17, 2022 to September 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 September 30, 2022, the Company had $268.9 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 September 30, 2022 and 2021, $10.0 million and $10.4 million, respectively, of deferred revenue was recognized in net sales. See Note 11. During the nine-months ended September 30, 2022 and 2021, $30.0 million and $31.3 million, respectively, of deferred revenue was recognized in net sales. See Note 11.

LEASES

LEASES	9 Months Ended
LEASES	Sep. 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, “Leases”. 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 income (expense), 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 Nine-Months Nine-Months Ended Ended Ended Ended September 30, September 30, September 30, September 30, 2022 2021 2022 2021 Operating lease cost $ 2,306 $ 1,103 $ 6,238 $ 3,348 Short-term lease cost 1,001 1,235 2,870 3,370 Variable lease cost 189 185 567 532 Finance leases: Amortization of ROU assets 140 138 415 394 Interest on lease liabilities 8 6 18 15 Finance lease cost 148 144 433 409 Total lease cost $ 3,644 $ 2,667 $ 10,108 $ 7,659 Supplemental cash flow information for the following periods: Nine-Months Nine-Months Ended September 30, Ended September 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 5,859 $ 3,057 Operating cash outflows from finance leases 18 15 Financing cash outflows from finance leases 1,678 1,970 ROU assets obtained in exchange for lease obligations: Finance leases 1,654 2,767 Operating leases 20,093 251 ROU assets for operating and finance leases recognized in the Company’s condensed consolidated balance sheets were comprised of the following at: September 30, 2022 Real Estate Equipment Total Balance Sheet Location Operating leases $ 36,681 $ 404 $ 37,085 Other Assets Finance leases — 1,753 1,753 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: September 30, 2022 Operating Leases Finance Leases Accrued liabilities $ 7,028 $ 917 Other liabilities 29,265 48 Total $ 36,293 $ 965 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 September 30, 2022 and December 31, 2021 were as follows: September 30, 2022 Operating Leases Finance Leases Weighted-average remaining lease term (years) 7.1 0.8 Weighted-average discount rate 3.4 % 2.7 % 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 September 30, 2022: Undiscounted Future Lease Payments Operating Leases Finance Leases 2022 (from October 1, 2022 to December 31, 2022) $ 2,038 $ 410 2023 7,829 525 2024 6,473 23 2025 4,808 17 2026 3,895 2 2027 and thereafter 15,974 — Total lease payments 41,017 977 Less imputed interest (4,724) (12) Total $ 36,293 $ 965 As of September 30, 2022, the Company did not have any significant additional operating or finance leases that have not yet commenced.

INVESTMENTS

INVESTMENTS	9 Months Ended
INVESTMENTS	Sep. 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 12 September 30, 2022 Cost Gains Losses Value Months Months Available-for-sale Short-term: Commercial paper $ 218,573 $ — $ 7 $ 218,566 $ 7 $ — Certificates of deposit 20,035 — — 20,035 — — Municipal securities 193,567 4 1,142 192,429 1,142 U.S. government agency securities 88,573 — 851 87,722 851 — U.S. treasuries 834,249 — 6,220 828,029 6,220 — Long-term: U.S. treasuries 55,684 — 476 55,208 476 — Municipal securities 5,562 — 35 5,527 35 U.S. government agency securities 11,711 1 74 11,638 74 — Total $ 1,427,954 $ 5 $ 8,805 $ 1,419,154 $ 8,805 $ — Continuous Continuous Gross Gross Unrealized Unrealized Unrealized Unrealized Loss Position Loss Position Amortized Holding Holding Fair less than 12 greater than 12 December 31, 2021 Cost Gains Losses Value Months 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 nine-months ended September 30, 2022 and 2021, realized gains or losses recognized on the sale of investments were not significant. The Company’s investments at September 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: September 30, 2022 December 31, 2021 Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: Commercial paper $ 218,573 $ 218,566 $ 334,077 $ 334,077 Municipal securities 193,567 192,429 666 666 U.S. government agency securities 88,573 87,722 62,687 62,661 Certificates of deposit 20,035 20,035 44,502 44,502 U.S. treasuries 834,249 828,029 1,308,536 1,307,821 Due 1 -10 years: Municipal securities 5,562 5,527 — — U.S. treasuries 55,684 55,208 87,133 86,943 U.S. government agency securities 11,711 11,638 12,500 12,476 Total $ 1,427,954 $ 1,419,154 $ 1,850,101 $ 1,849,146

FAIR VALUE OF CERTAIN FINANCIAL

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	9 Months Ended
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	Sep. 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, “Fair Value Measurement”, provides a framework for measuring fair value and requires disclosures regarding fair value measurements. ASC 820 defines fair value as the price that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs, where available. The three levels of inputs required by the standard that the Company uses to measure fair value are summarized below. ● Level 1: Quoted prices in active markets for identical assets or liabilities. ● Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. ● Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. ASC 820 requires the use of observable market inputs (quoted market prices) when measuring fair value and requires a Level 1 quoted price to be used to measure fair value whenever possible. The following tables present the fair value of the Company’s financial assets and liabilities that are recorded at fair value on a recurring basis, segregated among the appropriate levels within the fair value hierarchy at: September 30, 2022 Level 1 Level 2 Level 3 Total Cash $ 1,113,207 $ — $ — $ 1,113,207 Money market funds 116,952 — — 116,952 Certificates of deposit — 20,035 — 20,035 Commercial paper — 234,310 — 234,310 Municipal securities — 203,159 — 203,159 U.S. government agency securities — 99,361 — 99,361 U.S. treasuries — 935,178 — 935,178 Foreign currency derivatives — (204) — (204) Total $ 1,230,159 $ 1,491,839 $ — $ 2,721,998 Amounts included in: Cash and cash equivalents $ 1,230,159 $ 72,889 $ — $ 1,303,048 Short-term investments — 1,346,781 — 1,346,781 Accounts receivable, net — 694 — 694 Investments — 72,373 — 72,373 Accrued liabilities — (898) — (898) Total $ 1,230,159 $ 1,491,839 $ — $ 2,721,998 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 nine-months ended September 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	9 Months Ended
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	Sep. 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 nine-months ended September 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 September 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, “Derivatives and Hedging”. Therefore, gains and losses on the Company’s foreign currency exchange contracts are recognized in interest and other income (expense), net, in the condensed consolidated statements of income, and are largely offset by the changes in the fair value of the underlying economically hedged item. The notional amount and fair value of all outstanding foreign currency derivative instruments in the Company’s condensed consolidated balance sheets consist of the following at: September 30, 2022 Derivatives not designated as hedging instruments under Notional Fair ASC 815 Amount Value Balance Sheet Location Assets: Foreign currency exchange contracts: Receive USD/pay COP $ 11,264 $ 298 Accounts receivable, net Receive USD/pay CLP 42,139 250 Accounts receivable, net Receive USD/pay NZD 3,614 81 Accounts receivable, net Receive USD/pay ZAR 3,172 41 Accounts receivable, net Receive RSD/pay USD 1,809 16 Accounts receivable, net Receive USD/pay AUD 520 8 Accounts receivable, net Liabilities: Foreign currency exchange contracts: Receive USD/pay GBP $ 12,492 $ (308) Accrued liabilities Receive CAD/pay USD 20,757 (277) Accrued liabilities Receive USD/pay CNY 11,877 (141) Accrued liabilities Receive USD/pay EUR 16,703 (82) Accrued liabilities Receive SGD/pay USD 16,969 (47) Accrued liabilities Receive USD/pay MXN 20,673 (34) Accrued liabilities Receive USD/pay DKK 1,893 (9) Accrued liabilities December 31, 2021 Derivatives not designated as hedging instruments under Notional Fair ASC 815 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 gains (losses) on derivative instruments in the condensed consolidated statements of income were as follows: Amount of gain (loss) recognized in income on derivatives Three-months ended Derivatives not designated as Location of gain (loss) hedging instruments under recognized in income on September 30, September 30, ASC 815 derivatives 2022 2021 Foreign currency exchange contracts Interest and other income (expense), net $ 4,631 $ (308) Amount of gain (loss) recognized in income on derivatives Nine-months ended Derivatives not designated as Location of gain (loss) hedging instruments under recognized in income on September 30, September 30, ASC 815 derivatives 2022 2021 Foreign currency exchange contracts Interest and other income (expense), net $ 1,355 $ (5,706)

INVENTORIES

INVENTORIES	9 Months Ended
INVENTORIES	Sep. 30, 2022
INVENTORIES
INVENTORIES	8. INVENTORIES Inventories consist of the following at: September 30, December 31, 2022 2021 Raw materials $ 450,097 $ 349,865 Work in process 1,574 — Finished goods 411,306 243,492 $ 862,977 $ 593,357

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	9 Months Ended
PROPERTY AND EQUIPMENT, NET	Sep. 30, 2022
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET	9. PROPERTY AND EQUIPMENT, NET Property and equipment consist of the following at: September 30, December 31, 2022 2021 Land $ 139,248 $ 85,455 Leasehold improvements 30,710 11,795 Furniture and fixtures 9,175 8,274 Office and computer equipment 22,642 21,601 Computer software 6,496 7,409 Equipment 253,057 189,820 Buildings 162,034 148,971 Vehicles 46,715 45,088 Assets under construction 58,791 20,125 728,868 538,538 Less: accumulated depreciation and amortization (243,318) (224,785) $ 485,550 $ 313,753 Total depreciation and amortization expense recorded was $13.6 million and $11.3 million for the three-months ended September 30, 2022 and 2021, respectively. Total depreciation and amortization expense recorded was $40.5 million and $34.5 million for the nine-months ended September 30, 2022 and 2021, respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS	Sep. 30, 2022
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS	10. The following is a roll-forward of goodwill for the nine-months ended September 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 September 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 September 30, 2021 $ 693,644 $ 637,999 $ — $ — $ 1,331,643 Intangible assets consist of the following at: September 30, December 31, 2022 2021 Amortizing intangibles $ 121,372 $ 66,872 Accumulated amortization (66,781) (61,227) 54,591 5,645 Non-amortizing intangibles 1,171,235 1,066,741 $ 1,225,826 $ 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 September 30, 2022: 2022 (from October 1, 2022 to December 31, 2022) $ 2,010 2023 4,745 2024 3,647 2025 3,647 2026 3,646 2027 and thereafter 36,896 $ 54,591

DISTRIBUTION AGREEMENTS

DISTRIBUTION AGREEMENTS	9 Months Ended
DISTRIBUTION AGREEMENTS	Sep. 30, 2022
DISTRIBUTION AGREEMENTS
DISTRIBUTION AGREEMENTS	11 DISTRIBUTION AGREEMENTS 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 $10.0 million and $10.4 million for the three-months ended September 30, 2022 and 2021, respectively. Revenue recognized was $30.0 million and $31.3 million for the nine-months ended September 30, 2022 and 2021, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2022
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES The Company had purchase commitments aggregating approximately $275.5 million at September 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 $338.9 million at September 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 September 30, 2022, the interest rate on borrowings under the line of credit was 5.5%. As of September 30, 2022, $6.3 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 September 30, 2022, no loss contingencies were included in the Company’s condensed consolidated balance sheet. On September 29, 2022, a jury in the U.S. District Court for the Central District of California awarded Monster Energy Company (“MEC”) approximately $293 million in damages in its false advertising and trade secrets case against Vital Pharmaceuticals, Inc. (“VPX”), the maker of Bang Energy. The jury found VPX and its chief executive officer to have falsely advertised the “super creatine” ingredient of Bang Energy and to have acted willfully and deliberately in violating the federal Lanham Act. The jury also found that VPX stole trade secrets and interfered with the Company’s contracts over shelf space with certain key vendors. VPX may also be liable for enhanced and punitive damages as will be determined by the judge presiding over the case at a later date. In April 2022, 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 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 September 29, 2022, the United States District Court for the Central District of California entered final judgment confirming the award. On October 28, 2022, VPX filed a notice of appeal of the District Court’s final judgement confirming the award. On October 10, 2022, VPX, along with certain of its domestic subsidiaries and affiliates, filed for protection under Chapter 11 of the Bankruptcy Code in the Southern District of Florida. Per ASC 450 “Contingencies”, the Company will not recognize the September 2022 jury award or April 2022 arbitration award until the awards are realized or realizable. As of November 4, 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	9 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS	Sep. 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 nine-months ended September 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 (147,450) (7,840) (155,290) Amounts reclassified from accumulated other comprehensive (loss) income — — — Net current-period other comprehensive (loss) income (147,450) (7,840) (155,290) Balance at September 30, 2022 $ (215,659) $ (8,796) $ (224,455) Unrealized Currency Gains (Losses) Translation on Available-for- Losses Sale Securities Total Balance at December 31, 2020 $ 2,950 $ 84 $ 3,034 Other comprehensive (loss) income before reclassifications (46,412) (117) (46,529) Amounts reclassified from accumulated other comprehensive (loss) income — — — Net current-period other comprehensive (loss) income (46,412) (117) (46,529) Balance at September 30, 2021 $ (43,462) $ (33) $ (43,495)

TREASURY STOCK

TREASURY STOCK	9 Months Ended
TREASURY STOCK	Sep. 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 September 30, 2022, the Company purchased approximately 1.8 million shares of common stock at an average purchase price of $87.55 per share, for a total amount of approximately $157.4 million (excluding broker commissions), which exhausted the availability under the March 2020 Repurchase Plan. Such shares are included in the common stock in treasury in the accompanying condensed balance sheet at September 30, 2022. 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 September 30, 2022, the Company purchased approximately 1.3 million shares of common stock at an average purchase price of $88.11 per share, for a total amount of approximately $115.5 million (excluding broker commissions), under the June 2022 Repurchase Plan. As of November 4, 2022, $182.8 million remained available for repurchase under the June 2022 Repurchase Plan. During the three-months ended September 30, 2022, no shares of common stock were purchased from employees in lieu of cash payments for options exercised or withholding taxes due.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
STOCK-BASED COMPENSATION	Sep. 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 September 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 $16.6 million and $16.7 million of compensation expense relating to outstanding options, restricted stock units, performance share units and other share-based awards during the three-months ended September 30, 2022 and 2021, respectively. The Company recorded $49.2 million and $52.4 million of compensation expense relating to outstanding options, restricted stock units, performance share units and other share-based awards during the nine-months ended September 30, 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 September 30, 2022 and 2021 was $2.0 million and $2.0 million, respectively. The tax benefit for tax deductions from non-qualified stock option exercises, disqualifying dispositions of incentive stock options and vesting of restricted stock units and performance share units for the nine-months ended September 30, 2022 and 2021 was $4.6 million and $6.1 million, respectively. Stock Options Under the Company’s stock-based compensation plans, all stock options granted as of September 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 September 30, Nine-Months Ended September 30, 2022 2021 2022 2021 Dividend yield 0.0 % 0.0 % 0.0 % 0.0 % Expected volatility 27.6 % 28.3 % 27.7 % 28.9 % Risk-free interest rate 2.8 % 0.7 % 2.1 % 0.8 % Expected term 6.2 years 5.8 years 6.1 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 Shares Price Per Term Aggregate Options (in thousands) Share (in years) Intrinsic 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 Granted 07/01/22 - 09/30/22 34 $ 95.72 Exercised (813) $ 42.74 Cancelled or forfeited (143) $ 72.26 Outstanding at September 30, 2022 15,435 $ 52.54 5.2 $ 533,680 Vested and expected to vest in the future at September 30, 2022 15,043 $ 51.97 5.1 $ 528,586 Exercisable at September 30, 2022 10,287 $ 43.06 3.7 $ 451,963 The weighted-average grant-date fair value of options granted during the three-months ended September 30, 2022 and 2021 was $31.94 per share and $26.90 per share, respectively. The weighted-average grant-date fair value of options granted during the nine-months ended September 30, 2022 and 2021 was $23.35 per share and $25.81 per share, respectively. The total intrinsic value of options exercised during the three-months ended September 30, 2022 and 2021 was $15.3 million and $14.0 million, respectively. The total intrinsic value of options exercised during the nine-months ended September 30, 2022 and 2021 was $38.2 million and $42.2 million, respectively. Cash received from option exercises under all plans for the three-months ended September 30, 2022 and 2021 was $12.1 million and $12.7 million, respectively. Cash received from option exercises under all plans for the nine-months ended September 30, 2022 and 2021 was $34.8 million and $37.2 million, respectively. At September 30, 2022, there was $77.5 million of total unrecognized compensation expense related to non-vested options granted to employees under the Company’s stock-based compensation plans. That cost is expected to be recognized over a weighted-average period of 2.9 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 Granted 07/01/22 - 09/30/22 6 $ 95.17 Vested (388) $ 64.56 Forfeited/cancelled (13) $ 68.77 Non-vested at September 30, 2022 1,014 $ 72.52 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 September 30, 2022 and 2021 was $95.17 and $89.84 per share, respectively. The weighted-average grant-date fair value of restricted stock units and/or performance share units granted during the nine-months ended September 30, 2022 and 2021 was $74.23 and $89.12 per share, respectively. As of September 30, 2022, 1.0 million of restricted stock units and performance share units are expected to vest over their respective terms. At September 30, 2022, total unrecognized compensation expense relating to non-vested restricted stock units and performance share units was $43.8 million, which is expected to be recognized over a weighted-average period of 1.9 years. Other Share-Based Awards The Company has granted other share-based awards to certain employees that are payable in cash. These awards are classified as liabilities and are valued based on the fair value of the award at the grant date and are remeasured at each reporting date until settlement, with compensation expense being recognized in proportion to the completed requisite service period up until date of settlement. At September 30, 2022, other share-based awards outstanding included grants that vest over three years payable in the first quarters of 2023, 2024 and 2025. At September 30, 2022, there was $0.2 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 0.3 years.

INCOME TAXES

INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 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 nine-months ended September 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 2,008 Increases for tax positions related to the prior years — Balance at September 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 September 30, 2022, the Company had approximately $0.4 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. 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	9 Months Ended
EARNINGS PER SHARE	Sep. 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 Nine-Months Ended September 30, September 30, 2022 2021 2022 2021 Weighted-average shares outstanding: Basic 526,797 528,997 528,263 528,618 Dilutive 6,503 6,918 6,336 6,936 Diluted 533,300 535,915 534,599 535,554 For the three-months ended September 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 nine-months ended September 30, 2022 and 2021, options and awards outstanding totaling 2.9 million shares and 0.8 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
SEGMENT INFORMATION	Sep. 30, 2022
SEGMENT INFORMATION
SEGMENT INFORMATION	18. SEGMENT INFORMATION The Company has four operating and reportable 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 nine-months ended September 30, 2022 and 2021 are as follows: Three-Months Ended Nine-Months Ended September 30, September 30, 2022 2021 2022 2021 Net sales: Monster Energy® Drinks 1 $ 1,502,219 $ 1,329,793 $ 4,444,755 $ 3,867,162 Strategic Brands 88,802 74,449 260,536 229,193 Alcohol Brands 2 26,818 — 74,472 — Other 6,447 6,315 18,356 19,953 Corporate and unallocated — — — — $ 1,624,286 $ 1,410,557 $ 4,798,119 $ 4,116,308 Three-Months Ended Nine-Months Ended September 30, September 30, 2022 2021 2022 2021 Operating Income: Monster Energy® Drinks 1 $ 492,534 $ 500,641 $ 1,388,815 $ 1,512,633 Strategic Brands 47,282 40,184 145,977 139,398 Alcohol Brands 2 (10,262) — (19,873) — Other 977 1,146 3,138 5,266 Corporate and unallocated (112,601) (97,507) (327,688) (272,710) $ 417,930 $ 444,464 $ 1,190,369 $ 1,384,587 Three-Months Ended Nine-Months Ended September 30, September 30, 2022 2021 2022 2021 Income before tax: Monster Energy® Drinks 1 $ 493,486 $ 500,929 $ 1,391,026 $ 1,513,421 Strategic Brands 47,319 40,198 146,082 139,419 Alcohol Brands 2 (10,124) — (19,620) — Other 977 1,144 3,139 5,264 Corporate and unallocated (111,579) (100,097) (342,190) (275,696) $ 420,079 $ 442,174 $ 1,178,437 $ 1,382,408 (1) Includes $10.0 million and $10.4 million for the three-months ended September 30, 2022 and 2021, respectively, related to the recognition of deferred revenue. Includes $30.0 million and $31.3 million for the nine-months ended September 30, 2022 and 2021, respectively, related to the recognition of deferred revenue. (2) Nine-Months ended September 30, 2022 - effectively from February 17, 2022 to September 30, 2022. Three-Months Ended Nine-Months Ended September 30, September 30, 2022 2021 2022 2021 Depreciation and amortization: Monster Energy® Drinks $ 7,773 $ 8,477 $ 24,035 $ 26,315 Strategic Brands 234 283 709 832 Alcohol Brands 3,713 — 9,679 — Other 1,121 1,122 3,345 3,373 Corporate and unallocated 2,768 2,474 8,272 7,334 $ 15,609 $ 12,356 $ 46,040 $ 37,854 Corporate and unallocated expenses for the three-months ended September 30, 2022 include $69.4 million of payroll costs, of which $16.2 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $26.0 million attributable to professional service expenses, including accounting and legal costs, and $17.2 million of other operating expenses. Corporate and unallocated expenses for the three-months ended September 30, 2021 include $63.4 million of payroll costs, of which $16.7 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $19.3 million attributable to professional service expenses, including accounting and legal costs, and $14.8 million of other operating expenses. Corporate and unallocated expenses for the nine-months ended September 30, 2022 include $207.6 million of payroll costs, of which $48.5 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $69.3 million attributable to professional service expenses, including accounting and legal costs, and $50.8 million of other operating expenses. Corporate and unallocated expenses for the nine-months ended September 30, 2021 include $189.7 million of payroll costs, of which $52.2 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $60.6 million attributable to professional service expenses, including accounting and legal costs, and $22.4 million of other operating expenses. Corporate and unallocated expenses for the nine-months ended September 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 12% of the Company’s net sales for both the three-months ended September 30, 2022 and 2021. Coca-Cola Europacific Partners accounted for approximately 13% and 12% of the Company’s net sales for the nine-months ended September 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 September 30, 2022 and 2021. Coca-Cola Consolidated, Inc. accounted for approximately 10% and 11% of the Company’s net sales for the nine-months ended September 30, 2022 and 2021, respectively. Reyes Coca-Cola Bottling, LLC accounted for approximately 10% of the Company’s net sales for both the three-months ended September 30, 2022 and 2021. Reyes Coca-Cola Bottling, LLC accounted for approximately 10% of the Company’s net sales for both the nine-months ended September 30, 2022 and 2021. Net sales to customers outside the United States amounted to $610.6 million and $527.4 million for the three-months ended September 30, 2022 and 2021, respectively. Such sales were approximately 38% and 37% of net sales for the three-months ended September 30, 2022 and 2021, respectively. Net sales to customers outside the United States amounted to $1.81 billion and $1.53 billion for the nine-months ended September 30, 2022 and 2021, respectively. Such sales were approximately 38% and 37% of net sales for the nine-months ended September 30, 2022 and 2021, respectively. Goodwill and other intangible assets for the Company’s reportable segments as of September 30, 2022 and December 31, 2021 are as follows: September 30, December 31, 2022 2021 Goodwill and other intangible assets: Monster Energy® Drinks $ 1,424,667 $ 1,420,503 Strategic Brands 977,851 978,032 Alcohol Brands 234,049 — Other 2,200 5,494 Corporate and unallocated — — $ 2,638,767 $ 2,404,029

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
RELATED PARTY TRANSACTIONS	Sep. 30, 2022
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	19. RELATED PARTY TRANSACTIONS TCCC controls approximately 19.6% 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 $12.8 million and $23.6 million for the three-months ended September 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 $41.3 million and $59.9 million for the nine-months ended September 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 $5.5 million and $9.1 million for the three-months ended September 30, 2022 and 2021, respectively, and are included in operating expenses. TCCC commissions, based on sales to TCCC independent bottlers/distributors, were $24.4 million and $22.6 million for the nine-months ended September 30, 2022 and 2021, respectively, and are included in operating expenses. Net sales to the TCCC Subsidiaries for the three-months ended September 30, 2022 and 2021 were $36.6 million and $30.3 million, respectively. Net sales to the TCCC Subsidiaries for the nine-months ended September 30, 2022 and 2021 were $95.0 million and $84.4 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 $7.1 million for the three-months ended September 30, 2022 and 2021, respectively. Concentrate purchases from TCCC were $21.5 million and $21.3 million for the nine-months ended September 30, 2022 and 2021, respectively. Certain TCCC Subsidiaries also contract manufacture certain of the Company’s energy drinks. Such contract manufacturing expenses were $9.1 million and $6.8 million for the three-months ended September 30, 2022 and 2021, respectively. Such contract manufacturing expenses were $23.1 million and $20.8 million for the nine-months ended September 30, 2022 and 2021, respectively. Accounts receivable, accounts payable, accrued promotional allowances and accrued liabilities related to the TCCC Subsidiaries are as follows at: September 30, December 31, 2022 2021 Accounts receivable, net $ 86,180 $ 94,647 Accounts payable $ (37,613) $ (35,248) Accrued promotional allowances $ (5,308) $ (4,536) Accrued liabilities $ (40,117) $ (26,616) In 2021, TCCC exercised its contract rights for a third-party public 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. During the three-months ended September 30, 2022, the Company was informed by TCCC that there would be no material adjustments as a result of this examination. 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 September 30, 2022 and 2021 were $1.3 million and $1.0 million, respectively. Expenses incurred with such company in connection with promotional materials purchased during the nine-months ended September 30, 2022 and 2021 were $4.7 million and $2.7 million, respectively. During the nine-months ended September 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 nine-months ended September 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 September 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. This partnership meets the definition of a Variable Interest Entity (“VIE”) for which the Company has determined that it is the primary beneficiary. Therefore, the Company consolidates the VIE in the accompanying condensed consolidated financial statements. The aggregate carrying values of the VIE’s assets and liabilities, after elimination of any intercompany transactions and balances, as well as the results of operations for all periods presented, are not material to the Company’s condensed consolidated financial statements.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	20. SUBSEQUENT EVENTS On November 2, 2022, the Company’s Board of Directors authorized a new share repurchase program for the purchase of up to an additional $500.0 million of the Company’s outstanding common stock. As a result, the aggregate amount available to repurchase the Company’s common stock as of November 4, 2022 is $682.8 million.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
BASIS OF PRESENTATION (Policies)	Sep. 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.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
ACQUISITIONS (Tables)	Sep. 30, 2022
ACQUISITIONS
Summary 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

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	9 Months Ended
REVENUE RECOGNITION (Tables)	Sep. 30, 2022
REVENUE RECOGNITION
Schedule of disaggregation of revenue by geographical markets	Three-Months Ended September 30, 2022 Latin America U.S. and and Net Sales Canada EMEA 1 Asia Pacific Caribbean Total Monster Energy® Drinks $ 982,952 $ 288,077 $ 100,288 $ 130,902 $ 1,502,219 Strategic Brands 44,025 32,565 8,805 3,407 88,802 Alcohol Brands 26,818 — — — 26,818 Other 6,447 — — — 6,447 Total Net Sales $ 1,060,242 $ 320,642 $ 109,093 $ 134,309 $ 1,624,286 Three-Months Ended September 30, 2021 Latin America U.S. and and Net Sales Canada EMEA 1 Asia Pacific Caribbean Total Monster Energy® Drinks $ 880,012 $ 252,101 $ 120,864 $ 76,816 $ 1,329,793 Strategic Brands 35,417 28,450 5,603 4,979 74,449 Alcohol Brands — — — — — Other 6,315 — — — 6,315 Total Net Sales $ 921,744 $ 280,551 $ 126,467 $ 81,795 $ 1,410,557 1 Europe, Middle East and Africa (“EMEA”) Nine-Months Ended September 30, 2022 Latin America U.S. and and Net Sales Canada EMEA 1 Asia Pacific Caribbean Total Monster Energy® Drinks $ 2,882,306 $ 857,805 $ 327,632 $ 377,012 $ 4,444,755 Strategic Brands 135,445 91,912 22,943 10,236 260,536 Alcohol Brands 2 74,472 — — — 74,472 Other 18,356 — — — 18,356 Total Net Sales $ 3,110,579 $ 949,717 $ 350,575 $ 387,248 $ 4,798,119 Nine-Months Ended September 30, 2021 Latin America U.S. and and Net Sales Canada EMEA 1 Asia Pacific Caribbean Total Monster Energy® Drinks $ 2,548,873 $ 741,208 $ 346,545 $ 230,536 $ 3,867,162 Strategic Brands 122,487 76,234 21,047 9,425 229,193 Alcohol Brands — — — — — Other 19,953 — — — 19,953 Total Net Sales $ 2,691,313 $ 817,442 $ 367,592 $ 239,961 $ 4,116,308 1 Europe, Middle East and Africa (“EMEA”) 2 Effectively from February 17, 2022 to September 30, 2022

LEASES (Tables)

LEASES (Tables)	9 Months Ended
LEASES (Tables)	Sep. 30, 2022
LEASES
Schedule of lease cost	Three-Months Three-Months Nine-Months Nine-Months Ended Ended Ended Ended September 30, September 30, September 30, September 30, 2022 2021 2022 2021 Operating lease cost $ 2,306 $ 1,103 $ 6,238 $ 3,348 Short-term lease cost 1,001 1,235 2,870 3,370 Variable lease cost 189 185 567 532 Finance leases: Amortization of ROU assets 140 138 415 394 Interest on lease liabilities 8 6 18 15 Finance lease cost 148 144 433 409 Total lease cost $ 3,644 $ 2,667 $ 10,108 $ 7,659
Schedule of supplemental cash flow information for leases	Nine-Months Nine-Months Ended September 30, Ended September 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 5,859 $ 3,057 Operating cash outflows from finance leases 18 15 Financing cash outflows from finance leases 1,678 1,970 ROU assets obtained in exchange for lease obligations: Finance leases 1,654 2,767 Operating leases 20,093 251
Schedule of ROU assets for operating and finance leases	September 30, 2022 Real Estate Equipment Total Balance Sheet Location Operating leases $ 36,681 $ 404 $ 37,085 Other Assets Finance leases — 1,753 1,753 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	September 30, 2022 Operating Leases Finance Leases Accrued liabilities $ 7,028 $ 917 Other liabilities 29,265 48 Total $ 36,293 $ 965 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	September 30, 2022 Operating Leases Finance Leases Weighted-average remaining lease term (years) 7.1 0.8 Weighted-average discount rate 3.4 % 2.7 % 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 (from October 1, 2022 to December 31, 2022) $ 2,038 $ 410 2023 7,829 525 2024 6,473 23 2025 4,808 17 2026 3,895 2 2027 and thereafter 15,974 — Total lease payments 41,017 977 Less imputed interest (4,724) (12) Total $ 36,293 $ 965

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
INVESTMENTS (Tables)	Sep. 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 12 September 30, 2022 Cost Gains Losses Value Months Months Available-for-sale Short-term: Commercial paper $ 218,573 $ — $ 7 $ 218,566 $ 7 $ — Certificates of deposit 20,035 — — 20,035 — — Municipal securities 193,567 4 1,142 192,429 1,142 U.S. government agency securities 88,573 — 851 87,722 851 — U.S. treasuries 834,249 — 6,220 828,029 6,220 — Long-term: U.S. treasuries 55,684 — 476 55,208 476 — Municipal securities 5,562 — 35 5,527 35 U.S. government agency securities 11,711 1 74 11,638 74 — Total $ 1,427,954 $ 5 $ 8,805 $ 1,419,154 $ 8,805 $ — Continuous Continuous Gross Gross Unrealized Unrealized Unrealized Unrealized Loss Position Loss Position Amortized Holding Holding Fair less than 12 greater than 12 December 31, 2021 Cost Gains Losses Value Months 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	September 30, 2022 December 31, 2021 Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: Commercial paper $ 218,573 $ 218,566 $ 334,077 $ 334,077 Municipal securities 193,567 192,429 666 666 U.S. government agency securities 88,573 87,722 62,687 62,661 Certificates of deposit 20,035 20,035 44,502 44,502 U.S. treasuries 834,249 828,029 1,308,536 1,307,821 Due 1 -10 years: Municipal securities 5,562 5,527 — — U.S. treasuries 55,684 55,208 87,133 86,943 U.S. government agency securities 11,711 11,638 12,500 12,476 Total $ 1,427,954 $ 1,419,154 $ 1,850,101 $ 1,849,146

FAIR VALUE OF CERTAIN FINANCI_2

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2022
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Schedule of financial assets and liabilities recorded at fair value on a recurring basis	September 30, 2022 Level 1 Level 2 Level 3 Total Cash $ 1,113,207 $ — $ — $ 1,113,207 Money market funds 116,952 — — 116,952 Certificates of deposit — 20,035 — 20,035 Commercial paper — 234,310 — 234,310 Municipal securities — 203,159 — 203,159 U.S. government agency securities — 99,361 — 99,361 U.S. treasuries — 935,178 — 935,178 Foreign currency derivatives — (204) — (204) Total $ 1,230,159 $ 1,491,839 $ — $ 2,721,998 Amounts included in: Cash and cash equivalents $ 1,230,159 $ 72,889 $ — $ 1,303,048 Short-term investments — 1,346,781 — 1,346,781 Accounts receivable, net — 694 — 694 Investments — 72,373 — 72,373 Accrued liabilities — (898) — (898) Total $ 1,230,159 $ 1,491,839 $ — $ 2,721,998 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)	9 Months Ended
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	Sep. 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	September 30, 2022 Derivatives not designated as hedging instruments under Notional Fair ASC 815 Amount Value Balance Sheet Location Assets: Foreign currency exchange contracts: Receive USD/pay COP $ 11,264 $ 298 Accounts receivable, net Receive USD/pay CLP 42,139 250 Accounts receivable, net Receive USD/pay NZD 3,614 81 Accounts receivable, net Receive USD/pay ZAR 3,172 41 Accounts receivable, net Receive RSD/pay USD 1,809 16 Accounts receivable, net Receive USD/pay AUD 520 8 Accounts receivable, net Liabilities: Foreign currency exchange contracts: Receive USD/pay GBP $ 12,492 $ (308) Accrued liabilities Receive CAD/pay USD 20,757 (277) Accrued liabilities Receive USD/pay CNY 11,877 (141) Accrued liabilities Receive USD/pay EUR 16,703 (82) Accrued liabilities Receive SGD/pay USD 16,969 (47) Accrued liabilities Receive USD/pay MXN 20,673 (34) Accrued liabilities Receive USD/pay DKK 1,893 (9) Accrued liabilities December 31, 2021 Derivatives not designated as hedging instruments under Notional Fair ASC 815 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 gains (losses) on derivative instruments in the condensed consolidated statements of income were as follows: Amount of gain (loss) recognized in income on derivatives Three-months ended Derivatives not designated as Location of gain (loss) hedging instruments under recognized in income on September 30, September 30, ASC 815 derivatives 2022 2021 Foreign currency exchange contracts Interest and other income (expense), net $ 4,631 $ (308) Amount of gain (loss) recognized in income on derivatives Nine-months ended Derivatives not designated as Location of gain (loss) hedging instruments under recognized in income on September 30, September 30, ASC 815 derivatives 2022 2021 Foreign currency exchange contracts Interest and other income (expense), net $ 1,355 $ (5,706)

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
INVENTORIES (Tables)	Sep. 30, 2022
INVENTORIES
Schedule of inventories	September 30, December 31, 2022 2021 Raw materials $ 450,097 $ 349,865 Work in process 1,574 — Finished goods 411,306 243,492 $ 862,977 $ 593,357

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	9 Months Ended
PROPERTY AND EQUIPMENT, NET (Tables)	Sep. 30, 2022
PROPERTY AND EQUIPMENT, NET
Schedule of property and equipment	September 30, December 31, 2022 2021 Land $ 139,248 $ 85,455 Leasehold improvements 30,710 11,795 Furniture and fixtures 9,175 8,274 Office and computer equipment 22,642 21,601 Computer software 6,496 7,409 Equipment 253,057 189,820 Buildings 162,034 148,971 Vehicles 46,715 45,088 Assets under construction 58,791 20,125 728,868 538,538 Less: accumulated depreciation and amortization (243,318) (224,785) $ 485,550 $ 313,753

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	Sep. 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 September 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 September 30, 2021 $ 693,644 $ 637,999 $ — $ — $ 1,331,643
Schedule of intangible assets	September 30, December 31, 2022 2021 Amortizing intangibles $ 121,372 $ 66,872 Accumulated amortization (66,781) (61,227) 54,591 5,645 Non-amortizing intangibles 1,171,235 1,066,741 $ 1,225,826 $ 1,072,386
Schedule of future estimated amortization expense related to amortizing intangibles	2022 (from October 1, 2022 to December 31, 2022) $ 2,010 2023 4,745 2024 3,647 2025 3,647 2026 3,646 2027 and thereafter 36,896 $ 54,591

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	Sep. 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 (147,450) (7,840) (155,290) Amounts reclassified from accumulated other comprehensive (loss) income — — — Net current-period other comprehensive (loss) income (147,450) (7,840) (155,290) Balance at September 30, 2022 $ (215,659) $ (8,796) $ (224,455) Unrealized Currency Gains (Losses) Translation on Available-for- Losses Sale Securities Total Balance at December 31, 2020 $ 2,950 $ 84 $ 3,034 Other comprehensive (loss) income before reclassifications (46,412) (117) (46,529) Amounts reclassified from accumulated other comprehensive (loss) income — — — Net current-period other comprehensive (loss) income (46,412) (117) (46,529) Balance at September 30, 2021 $ (43,462) $ (33) $ (43,495)

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
STOCK-BASED COMPENSATION (Tables)	Sep. 30, 2022
STOCK-BASED COMPENSATION
Schedule of weighted-average assumptions used to estimate the fair value of options granted	Three-Months Ended September 30, Nine-Months Ended September 30, 2022 2021 2022 2021 Dividend yield 0.0 % 0.0 % 0.0 % 0.0 % Expected volatility 27.6 % 28.3 % 27.7 % 28.9 % Risk-free interest rate 2.8 % 0.7 % 2.1 % 0.8 % Expected term 6.2 years 5.8 years 6.1 years 5.8 years
Summary of activities with respect to its stock option plans	Weighted- Weighted- Average Average Remaining Number of Exercise Contractual Shares Price Per Term Aggregate Options (in thousands) Share (in years) Intrinsic 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 Granted 07/01/22 - 09/30/22 34 $ 95.72 Exercised (813) $ 42.74 Cancelled or forfeited (143) $ 72.26 Outstanding at September 30, 2022 15,435 $ 52.54 5.2 $ 533,680 Vested and expected to vest in the future at September 30, 2022 15,043 $ 51.97 5.1 $ 528,586 Exercisable at September 30, 2022 10,287 $ 43.06 3.7 $ 451,963
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 Granted 07/01/22 - 09/30/22 6 $ 95.17 Vested (388) $ 64.56 Forfeited/cancelled (13) $ 68.77 Non-vested at September 30, 2022 1,014 $ 72.52 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)	9 Months Ended
INCOME TAXES (Tables)	Sep. 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 2,008 Increases for tax positions related to the prior years — Balance at September 30, 2022 $ 2,008

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
EARNINGS PER SHARE (Tables)	Sep. 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 Nine-Months Ended September 30, September 30, 2022 2021 2022 2021 Weighted-average shares outstanding: Basic 526,797 528,997 528,263 528,618 Dilutive 6,503 6,918 6,336 6,936 Diluted 533,300 535,915 534,599 535,554

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
SEGMENT INFORMATION (Tables)	Sep. 30, 2022
SEGMENT INFORMATION
Schedule of net revenues and other financial information by segment	Three-Months Ended Nine-Months Ended September 30, September 30, 2022 2021 2022 2021 Net sales: Monster Energy® Drinks 1 $ 1,502,219 $ 1,329,793 $ 4,444,755 $ 3,867,162 Strategic Brands 88,802 74,449 260,536 229,193 Alcohol Brands 2 26,818 — 74,472 — Other 6,447 6,315 18,356 19,953 Corporate and unallocated — — — — $ 1,624,286 $ 1,410,557 $ 4,798,119 $ 4,116,308 Three-Months Ended Nine-Months Ended September 30, September 30, 2022 2021 2022 2021 Operating Income: Monster Energy® Drinks 1 $ 492,534 $ 500,641 $ 1,388,815 $ 1,512,633 Strategic Brands 47,282 40,184 145,977 139,398 Alcohol Brands 2 (10,262) — (19,873) — Other 977 1,146 3,138 5,266 Corporate and unallocated (112,601) (97,507) (327,688) (272,710) $ 417,930 $ 444,464 $ 1,190,369 $ 1,384,587 Three-Months Ended Nine-Months Ended September 30, September 30, 2022 2021 2022 2021 Income before tax: Monster Energy® Drinks 1 $ 493,486 $ 500,929 $ 1,391,026 $ 1,513,421 Strategic Brands 47,319 40,198 146,082 139,419 Alcohol Brands 2 (10,124) — (19,620) — Other 977 1,144 3,139 5,264 Corporate and unallocated (111,579) (100,097) (342,190) (275,696) $ 420,079 $ 442,174 $ 1,178,437 $ 1,382,408 (1) Includes $10.0 million and $10.4 million for the three-months ended September 30, 2022 and 2021, respectively, related to the recognition of deferred revenue. Includes $30.0 million and $31.3 million for the nine-months ended September 30, 2022 and 2021, respectively, related to the recognition of deferred revenue. (2) Nine-Months ended September 30, 2022 - effectively from February 17, 2022 to September 30, 2022. Three-Months Ended Nine-Months Ended September 30, September 30, 2022 2021 2022 2021 Depreciation and amortization: Monster Energy® Drinks $ 7,773 $ 8,477 $ 24,035 $ 26,315 Strategic Brands 234 283 709 832 Alcohol Brands 3,713 — 9,679 — Other 1,121 1,122 3,345 3,373 Corporate and unallocated 2,768 2,474 8,272 7,334 $ 15,609 $ 12,356 $ 46,040 $ 37,854
Schedule of goodwill and other intangible assets for the reportable segments	September 30, December 31, 2022 2021 Goodwill and other intangible assets: Monster Energy® Drinks $ 1,424,667 $ 1,420,503 Strategic Brands 977,851 978,032 Alcohol Brands 234,049 — Other 2,200 5,494 Corporate and unallocated — — $ 2,638,767 $ 2,404,029

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
RELATED PARTY TRANSACTIONS (Tables)	Sep. 30, 2022
RELATED PARTY TRANSACTIONS
Schedule of related party transactions	September 30, December 31, 2022 2021 Accounts receivable, net $ 86,180 $ 94,647 Accounts payable $ (37,613) $ (35,248) Accrued promotional allowances $ (5,308) $ (4,536) Accrued liabilities $ (40,117) $ (26,616)

ACQUISITIONS (Details)

ACQUISITIONS (Details) - CANarchy $ in Thousands	Feb. 17, 2022 USD ($)
ACQUISITIONS
Business combination consideration including adjustments transferred	$ 330,400
Consideration Transferred
Cash	332,721
Total	332,721
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 ($)
ACQUISITIONS
Purchase price	$ 62.5
Land
ACQUISITIONS
Purchase price	50.6
Buildings
ACQUISITIONS
Purchase price	10
Equipment
ACQUISITIONS
Purchase price	$ 1.9

REVENUE RECOGNITION - (Details)

REVENUE RECOGNITION - (Details)	9 Months Ended
REVENUE RECOGNITION - (Details)	Sep. 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Total Net Sales	$ 1,624,286	$ 1,410,557	$ 4,798,119	$ 4,116,308
U.S. and Canada
Total Net Sales	1,060,242	921,744	3,110,579	2,691,313
EMEA
Total Net Sales	320,642	280,551	949,717	817,442
Asia Pacific
Total Net Sales	109,093	126,467	350,575	367,592
Latin America and Caribbean
Total Net Sales	134,309	81,795	387,248	239,961
Monster Energy Drinks
Total Net Sales	1,502,219	1,329,793	4,444,755	3,867,162
Monster Energy Drinks \| U.S. and Canada
Total Net Sales	982,952	880,012	2,882,306	2,548,873
Monster Energy Drinks \| EMEA
Total Net Sales	288,077	252,101	857,805	741,208
Monster Energy Drinks \| Asia Pacific
Total Net Sales	100,288	120,864	327,632	346,545
Monster Energy Drinks \| Latin America and Caribbean
Total Net Sales	130,902	76,816	377,012	230,536
Strategic Brands
Total Net Sales	88,802	74,449	260,536	229,193
Strategic Brands \| U.S. and Canada
Total Net Sales	44,025	35,417	135,445	122,487
Strategic Brands \| EMEA
Total Net Sales	32,565	28,450	91,912	76,234
Strategic Brands \| Asia Pacific
Total Net Sales	8,805	5,603	22,943	21,047
Strategic Brands \| Latin America and Caribbean
Total Net Sales	3,407	4,979	10,236	9,425
Other
Total Net Sales	6,447	6,315	18,356	19,953
Other \| U.S. and Canada
Total Net Sales	6,447	6,315	18,356	19,953
Other \| EMEA
Total Net Sales	0	0	0	0
Other \| Asia Pacific
Total Net Sales	0	0	0	0
Other \| Latin America and Caribbean
Total Net Sales	0	0	0	0
Alcohol Brands
Total Net Sales	26,818	0	74,472	0
Alcohol Brands \| U.S. and Canada
Total Net Sales	26,818	0	74,472	0
Alcohol Brands \| EMEA
Total Net Sales	0	0	0	0
Alcohol Brands \| Asia Pacific
Total Net Sales	0	0	0	0
Alcohol Brands \| Latin America and Caribbean
Total Net Sales	$ 0	$ 0	$ 0	$ 0

REVENUE RECOGNITION - Contract

REVENUE RECOGNITION - Contract Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Contract Liabilities
Deferred revenue	$ 268.9		$ 268.9		$ 285.8
Deferred revenue recognized in net sales	$ 10	$ 10.4	$ 30	$ 31.3

LEASES - Lease Terms (Details)

LEASES - Lease Terms (Details)	9 Months Ended
LEASES - Lease Terms (Details)	Sep. 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		9 Months Ended
LEASES - Lease Cost (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
LEASES
Operating lease cost	$ 2,306	$ 1,103	$ 6,238	$ 3,348
Short-term lease cost	1,001	1,235	2,870	3,370
Variable lease cost	189	185	567	532
Finance leases:
Amortization of ROU assets	140	138	415	394
Interest on lease liabilities	8	6	18	15
Finance lease cost	148	144	433	409
Total lease cost	$ 3,644	$ 2,667	$ 10,108	$ 7,659

LEASES - Supplemental cash flow

LEASES - Supplemental cash flow information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 5,859	$ 3,057
Operating cash outflows from finance leases	18	15
Financing cash outflows from finance leases	1,678	1,970
ROU assets obtained in exchange for lease obligations:
Finance leases	1,654	2,767
Operating leases	$ 20,093	$ 251

LEASES - ROU assets for operati

LEASES - ROU assets for operating and finance leases (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
ROU assets for operating and finance leases
Operating leases	$ 37,085	$ 23,157
Finance leases	$ 1,753	$ 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	$ 36,681	$ 22,518
Finance leases	0	0
Equipment Lease
ROU assets for operating and finance leases
Operating leases	404	639
Finance leases	$ 1,753	$ 2,646

LEASES - Operating and finance

LEASES - Operating and finance leases liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Operating Leases	$ 36,293	$ 21,379
Finance Leases	965	1,001
Accrued liabilities
Lessee, Lease, Description [Line Items]
Operating Leases	7,028	3,990
Finance Leases	$ 917	$ 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	$ 29,265	$ 17,389
Finance Leases	$ 48	$ 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)	Sep. 30, 2022	Dec. 31, 2021
LEASES
Weighted-average remaining lease term (years), Operating Leases	7 years 1 month 6 days	8 years 1 month 6 days
Weighted-average remaining lease term (years), Finance Leases	9 months 18 days	8 months 12 days
Weighted-average discount rate, Operating Leases	3.40%	3.50%
Weighted-average discount rate, Finance Leases	2.70%	1.30%

LEASES - Undiscounted future le

LEASES - Undiscounted future lease payments for operating and finance leases (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Operating Leases
2022 (from October 1, 2022 to December 31, 2022)	$ 2,038
2023	7,829
2024	6,473
2025	4,808
2026	3,895
2027 and thereafter	15,974
Total lease payments	41,017
Less imputed interest	(4,724)
Total	36,293	$ 21,379
Finance Leases
2022 (excluding the nine-months ended September 30, 2022)	410
2023	525
2024	23
2025	17
2026	2
2027 and thereafter	0
Total lease payments	977
Less imputed interest	(12)
Total	$ 965	$ 1,001

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Available-for-sale
Amortized Cost	$ 1,427,954	$ 1,850,101
Gross Unrealized Holding Gains	5	2
Gross Unrealized Holding Losses	8,805	957
Fair Value	1,419,154	1,849,146
Continuous Unrealized Loss Position less than 12 Months	8,805	957
Short-term \| Commercial paper
Available-for-sale
Amortized Cost	218,573	334,077
Gross Unrealized Holding Losses	7
Fair Value	218,566	334,077
Continuous Unrealized Loss Position less than 12 Months	7
Short-term \| Certificates of deposit
Available-for-sale
Amortized Cost	20,035	44,502
Fair Value	20,035	44,502
Short-term \| Municipal securities
Available-for-sale
Amortized Cost	193,567	666
Gross Unrealized Holding Gains	4
Gross Unrealized Holding Losses	1,142
Fair Value	192,429	666
Continuous Unrealized Loss Position less than 12 Months	1,142
Short-term \| U.S. government agency securities
Available-for-sale
Amortized Cost	88,573	62,687
Gross Unrealized Holding Losses	851	26
Fair Value	87,722	62,661
Continuous Unrealized Loss Position less than 12 Months	851	26
Short-term \| U.S. treasuries
Available-for-sale
Amortized Cost	834,249	1,308,536
Gross Unrealized Holding Gains		2
Gross Unrealized Holding Losses	6,220	717
Fair Value	828,029	1,307,821
Continuous Unrealized Loss Position less than 12 Months	6,220	717
Long-term \| Municipal securities
Available-for-sale
Amortized Cost	5,562
Gross Unrealized Holding Losses	35
Fair Value	5,527
Continuous Unrealized Loss Position less than 12 Months	35
Long-term \| U.S. government agency securities
Available-for-sale
Amortized Cost	11,711	12,500
Gross Unrealized Holding Gains	1
Gross Unrealized Holding Losses	74	24
Fair Value	11,638	12,476
Continuous Unrealized Loss Position less than 12 Months	74	24
Long-term \| U.S. treasuries
Available-for-sale
Amortized Cost	55,684	87,133
Gross Unrealized Holding Losses	476	190
Fair Value	55,208	86,943
Continuous Unrealized Loss Position less than 12 Months	$ 476	$ 190

INVESTMENTS - Maturity Period (

INVESTMENTS - Maturity Period (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Investments
Amortized Cost	$ 1,427,954	$ 1,850,101
Fair Value	1,419,154	1,849,146
Commercial paper \| Less than 1 year
Investments
Amortized Cost	218,573	334,077
Fair Value	218,566	334,077
Municipal securities \| Less than 1 year
Investments
Amortized Cost	193,567	666
Fair Value	192,429	666
Municipal securities \| Due 1 - 10 years
Investments
Amortized Cost	5,562	0
Fair Value	5,527	0
U.S. government agency securities \| Less than 1 year
Investments
Amortized Cost	88,573	62,687
Fair Value	87,722	62,661
U.S. government agency securities \| Due 1 - 10 years
Investments
Amortized Cost	11,711	12,500
Fair Value	11,638	12,476
Certificates of deposit \| Less than 1 year
Investments
Amortized Cost	20,035	44,502
Fair Value	20,035	44,502
U.S. treasuries \| Less than 1 year
Investments
Amortized Cost	834,249	1,308,536
Fair Value	828,029	1,307,821
U.S. treasuries \| Due 1 - 10 years
Investments
Amortized Cost	55,684	87,133
Fair Value	$ 55,208	$ 86,943

FAIR VALUE OF CERTAIN FINANCI_3

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Fair value of certain financial assets and liabilities
Cash and cash equivalents	$ 1,303,048	$ 1,326,462
Short-term investments	1,346,781	1,749,727
Investments	72,373	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	1,113,207	749,089
Foreign currency derivatives	(204)	(278)
Assets measured at fair value	2,721,998	3,175,330
Cash and cash equivalents	1,303,048	1,326,462
Short-term investments	1,346,781	1,749,727
Accounts receivable, net	694	654
Investments	72,373	99,419
Accrued liabilities	(898)	(932)
Total fair value \| Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	116,952	440,826
Total fair value \| Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	20,035	44,502
Total fair value \| Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	234,310	335,477
Total fair value \| Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	203,159	2,428
Total fair value \| U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	99,361	75,137
Total fair value \| U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	935,178	1,528,149
Level 1
Fair value of certain financial assets and liabilities
Cash	1,113,207	749,089
Foreign currency derivatives	0	0
Assets measured at fair value	1,230,159	1,189,915
Cash and cash equivalents	1,230,159	1,189,915
Short-term investments	0	0
Accounts receivable, net	0	0
Investments	0	0
Accrued liabilities	0	0
Level 1 \| Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	116,952	440,826
Level 1 \| Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	0	0
Level 1 \| Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	0	0
Level 1 \| Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	0	0
Level 1 \| U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	0	0
Level 1 \| U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	0	0
Level 2
Fair value of certain financial assets and liabilities
Cash	0	0
Foreign currency derivatives	(204)	(278)
Assets measured at fair value	1,491,839	1,985,415
Cash and cash equivalents	72,889	136,547
Short-term investments	1,346,781	1,749,727
Accounts receivable, net	694	654
Investments	72,373	99,419
Accrued liabilities	(898)	(932)
Level 2 \| Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	0	0
Level 2 \| Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	20,035	44,502
Level 2 \| Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	234,310	335,477
Level 2 \| Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	203,159	2,428
Level 2 \| U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	99,361	75,137
Level 2 \| U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	935,178	1,528,149
Level 3
Fair value of certain financial assets and liabilities
Cash	0	0
Foreign currency derivatives	0	0
Assets measured at fair value	0	0
Cash and cash equivalents	0	0
Short-term investments	0	0
Accounts receivable, net	0	0
Investments	0	0
Accrued liabilities	0	0
Level 3 \| Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	0	0
Level 3 \| Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	0	0
Level 3 \| Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	0	0
Level 3 \| Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	0	0
Level 3 \| U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	0	0
Level 3 \| U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	$ 0	$ 0

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Notional Amount and Fair Value (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 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 USD/pay COP
Derivative Instruments and Hedging Activities
Notional amount, Assets	$ 42,139	9,754
Fair Value, Assets	250	296
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 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 GBP
Derivative Instruments and Hedging Activities
Notional amount, Assets	3,172
Fair Value, Assets	41
Derivatives not designated as hedging instruments \| Accounts receivables, net \| Receive USD/pay NZD
Derivative Instruments and Hedging Activities
Notional amount, Assets	1,809
Fair Value, Assets	16
Derivatives not designated as hedging instruments \| Accounts receivables, net \| Receive USD/pay EUR
Derivative Instruments and Hedging Activities
Notional amount, Assets	11,264
Fair Value, Assets	298
Derivatives not designated as hedging instruments \| Accounts receivables, net \| Receive USD/pay ZAR
Derivative Instruments and Hedging Activities
Notional amount, Assets	3,614
Fair Value, Assets	81
Derivatives not designated as hedging instruments \| Accounts receivables, net \| Receive USD/pay DKK
Derivative Instruments and Hedging Activities
Notional amount, Assets	520
Fair Value, Assets	8
Derivatives not designated as hedging instruments \| Accrued liabilities \| Receive SGD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	16,969
Fair Value, Liabilities	(47)
Derivatives not designated as hedging instruments \| Accrued liabilities \| Receive RSD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	11,877
Fair Value, Liabilities	(141)
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 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	20,757	12,230
Fair Value, Liabilities	(277)	(74)
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 USD/pay EUR
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	16,703	3,045
Fair Value, Liabilities	(82)	(29)
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	1,893	1,461
Fair Value, Liabilities	(9)	$ (9)
Derivatives not designated as hedging instruments \| Accrued liabilities \| Receive USD/pay MXN
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	20,673
Fair Value, Liabilities	(34)
Derivatives not designated as hedging instruments \| Accrued liabilities \| Receive CAD Pay USD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	12,492
Fair Value, Liabilities	$ (308)

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net gains on derivative instruments
Amount of loss recognized in income on derivatives	$ 4,631	$ (308)	$ 1,355	$ (5,706)
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	Sep. 30, 2022	Dec. 31, 2021
INVENTORIES
Raw materials	$ 450,097	$ 349,865
Work in process	1,574	0
Finished goods	411,306	243,492
Inventories	$ 862,977	$ 593,357

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Property and equipment, net
Property and equipment, gross	$ 728,868		$ 728,868		$ 538,538
Less: accumulated depreciation and amortization	(243,318)		(243,318)		(224,785)
Property and equipment, net	485,550		485,550		313,753
Total depreciation and amortization expense	13,600	$ 11,300	40,500	$ 34,500
Land
Property and equipment, net
Property and equipment, gross	139,248		139,248		85,455
Leasehold improvements
Property and equipment, net
Property and equipment, gross	30,710		30,710		11,795
Furniture and fixtures
Property and equipment, net
Property and equipment, gross	9,175		9,175		8,274
Office and computer equipment
Property and equipment, net
Property and equipment, gross	22,642		22,642		21,601
Computer software
Property and equipment, net
Property and equipment, gross	6,496		6,496		7,409
Equipment
Property and equipment, net
Property and equipment, gross	253,057		253,057		189,820
Buildings
Property and equipment, net
Property and equipment, gross	162,034		162,034		148,971
Vehicles
Property and equipment, net
Property and equipment, gross	46,715		46,715		45,088
Assets under construction
Property and equipment, net
Property and equipment, gross	$ 58,791		$ 58,791		$ 20,125

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 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	0
Goodwill, Ending Balance	693,644	693,644
Strategic Brands
Goodwill
Goodwill, Beginning Balance	637,999	637,999
Acquisitions	0	0
Goodwill, Ending Balance	637,999	637,999
Alcohol Brands
Goodwill
Goodwill, Beginning Balance	0	0
Acquisitions	81,298	0
Goodwill, Ending Balance	81,298	0
Other
Goodwill
Goodwill, Beginning Balance	0	0
Acquisitions	0	0
Goodwill, Ending Balance	$ 0	$ 0

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Intangible assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Intangible assets
Amortizing intangibles	$ 121,372		$ 121,372		$ 66,872
Accumulated amortization	(66,781)		(66,781)		(61,227)
Amortizing intangibles, net	54,591		54,591		5,645
Non-amortizing intangibles	1,171,235		1,171,235		1,066,741
Intangibles, net	1,225,826		1,225,826		$ 1,072,386
Amortization expense	$ 2,000	$ 1,100	$ 5,600	$ 3,300
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	Sep. 30, 2022	Dec. 31, 2021
Future estimated amortization expense related to amortizing intangibles
2022 (from October 1, 2022 to December 31, 2022)	$ 2,010
2023	4,745
2024	3,647
2025	3,647
2026	3,646
2027 and thereafter	36,896
Amortizing intangibles, net	$ 54,591	$ 5,645

DISTRIBUTION AGREEMENTS (Detail

DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
DISTRIBUTION AGREEMENTS
Distribution agreement (in years)			20 years
Revenue recognized	$ 10	$ 10.4	$ 30	$ 31.3

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Purchase Commitments (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Purchase Commitments
Aggregate contractual obligations	$ 338.9
Line of credit
Purchase Commitments
Maximum borrowing capacity	$ 15
Interest rate (as a percent)	5.50%
Amount outstanding	$ 6.3
Raw material items
Purchase Commitments
Purchase commitments	$ 275.5
Obligation term ( in years)	1 year

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Litigation (Details) - USD ($) $ in Millions		1 Months Ended
	Sep. 29, 2022	Apr. 30, 2022	Sep. 30, 2022
COMMITMENTS AND CONTINGENCIES
Loss contingencies			$ 0
Amount awarded	$ 293
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	9 Months Ended
	Sep. 30, 2022	Sep. 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	(155,290)	(46,529)
Amounts reclassified from accumulated other comprehensive (loss) income	0	0
Net current-period other comprehensive (loss) income	(155,290)	(46,529)
Balance at the end of the period	(224,455)	43,495
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	(147,450)	(46,412)
Amounts reclassified from accumulated other comprehensive (loss) income	0	0
Net current-period other comprehensive (loss) income	(147,450)	(46,412)
Balance at the end of the period	(215,659)	(43,462)
Unrealized Gains (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	(7,840)	(117)
Amounts reclassified from accumulated other comprehensive (loss) income	0	0
Net current-period other comprehensive (loss) income	(7,840)	(117)
Balance at the end of the period	$ (8,796)	$ (33)

TREASURY STOCK (Details)

TREASURY STOCK (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Nov. 04, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	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		0
Amount of shares purchased		$ 272,880	$ 284,311	$ 12,187	$ 399	$ 13,419
March 2020 Repurchase Plan
Treasury Stock Purchase
Repurchase of common stock (in shares)		1,800,000
Average purchase price (in dollars per share)		$ 87.55
Amount of shares purchased		$ 157,400
March 2020 Repurchase Plan \| Maximum
Treasury Stock Purchase
Share repurchase program, authorized amount								$ 500,000
June 2022 Repurchase Plan
Treasury Stock Purchase
Amount of shares purchased		$ 115,500
Repurchase price of stock	$ 182,800
June 2022 Repurchase Plan \| Maximum
Treasury Stock Purchase
Share repurchase program, authorized amount							$ 500,000
September 2022 Repurchase
Treasury Stock Purchase
Repurchase of common stock (in shares)		1,300,000
Average purchase price (in dollars per share)		$ 88.11

STOCK-BASED COMPENSATION - Plan

STOCK-BASED COMPENSATION - Plans (Details) $ in Millions	3 Months Ended		9 Months Ended
STOCK-BASED COMPENSATION - Plans (Details) $ in Millions	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) plan	Sep. 30, 2021 USD ($)
STOCK-BASED COMPENSATION
Stock-based compensation plans \| plan			2
Compensation expense on share-based plans	$ 16.6	$ 16.7	$ 49.2	$ 52.4
Excess tax benefit realized for tax deductions from non-qualified stock option exercises and disqualifying dispositions of incentive stock options	$ 2	$ 2	$ 4.6	$ 6.1

STOCK-BASED COMPENSATION - Fair

STOCK-BASED COMPENSATION - Fair Value Assumptions (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Stock options, Number of Shares
Balance at the beginning of the period (in shares)			13,860		13,860
Exercised (in shares)					(813)
Cancelled or forfeited (in shares)					(143)
Balance at the end of the period (in shares)	15,435				15,435		13,860
Vested and expected to vest in the future at the end of the period (in shares)	15,043				15,043
Exercisable at the end of the period (in shares)	10,287				10,287
Stock options, Weighted-Average Exercise Price Per Share
Balance at the beginning of the period (in dollars per share)			$ 48.19		$ 48.19
Exercised (in dollars per share)					42.74
Cancelled or forfeited (in dollars per share)					72.26
Balance at the end of the period (in dollars per share)	$ 52.54				52.54		$ 48.19
Vested and expected to vest in the future at the end of the period (in dollars per share)	51.97				51.97
Exercisable at the end of the period (in dollars per share)	$ 43.06				$ 43.06
Weighted-Average Remaining Contractual Term (in years)
Weighted-Average Remaining Contractual Terms (in years)					5 years 2 months 12 days		5 years 1 month 6 days
Vested and expected to vest in the future at the end of the period					5 years 1 month 6 days
Exercisable at the end of the period					3 years 8 months 12 days
Aggregate Intrinsic Value
Balance at the beginning of the period			$ 663,148		$ 663,148
Balance at the end of the period	$ 533,680				533,680		$ 663,148
Vested and expected to vest in the future at the end of the period	528,586				528,586
Exercisable at the end of the period	$ 451,963				$ 451,963
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
Granted 07/01/22 - 09/30/22
Stock options, Number of Shares
Granted (in shares)	34
Stock options, Weighted-Average Exercise Price Per Share
Granted (in dollars per share)	$ 95.72
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)	27.60%			28.30%	27.70%	28.90%
Risk-free interest rate (as a percent)	2.80%			0.70%	2.10%	0.80%
Expected term	6 years 2 months 12 days			5 years 9 months 18 days	6 years 1 month 6 days	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				9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
STOCK-BASED COMPENSATION
Stock units expected to vest (in shares)	15,043				15,043
Total employee and non-employee share-based compensation expense included in income, before income tax					$ 49,167	$ 52,391
Stock options
STOCK-BASED COMPENSATION
Weighted-average grant-date fair value of options granted (in dollars per share)	$ 31.94			$ 26.90	$ 23.35	$ 25.81
Total intrinsic value of options exercised	$ 15,300			$ 14,000	$ 38,200	$ 42,200
Cash received from option exercises	12,100			$ 12,700	34,800	$ 37,200
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 77,500				$ 77,500
Cost expected to be recognized over a weighted-average period					2 years 10 months 24 days
Restricted stock units
STOCK-BASED COMPENSATION
Weighted-average grant-date fair value of options granted (in dollars per share)	$ 95.17			$ 89.84
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)					$ 74.23	$ 89.12
Restricted Stock Units and Performance Share Units
STOCK-BASED COMPENSATION
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 43,800				$ 43,800
Cost expected to be recognized over a weighted-average period					1 year 10 months 24 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		910
Vested (in shares)					(388)
Forfeited/cancelled (in shares)					(13)
Non-vested at the end of the period (in shares)	1,014				1,014
Weighted Average Grant-Date Fair Value
Non-vested at the beginning of the period (in dollars per share)			$ 69.02		$ 69.02
Vested (in dollars per share)					64.56
Forfeited/cancelled (in dollars per share)					68.77
Non-vested at the end of the period (in dollars per share)	$ 72.52				$ 72.52
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
Restricted Stock Units and Performance Share Units \| Granted 07/01/22 - 09/30/22
Number of Shares
Granted (in shares)	6
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)	$ 95.17
Performance Share Units
STOCK-BASED COMPENSATION
Percentage of target performance					100%
Performance Share Units \| Maximum
STOCK-BASED COMPENSATION
Percentage of target performance					200%
Performance Share Units \| Minimum
STOCK-BASED COMPENSATION
Percentage of target performance					0%
Other share-based awards
STOCK-BASED COMPENSATION
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 200				$ 200
Cost expected to be recognized over a weighted-average period					3 months 18 days

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefit Rollforward (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Gross unrecognized tax benefits, roll forward
Balance at the beginning of the period	$ 0
Additions for tax positions related to the current year	0
Additions for tax positions related to the prior years	2,008
Decreases for tax positions related to prior years	0
Balance at the end of the period	2,008
Accrued interest and penalties related to unrecognized tax benefits	$ 400

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
EARNINGS PER SHARE (Details) - shares shares in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Weighted-average shares outstanding:
Basic	526,797	528,997	528,263	528,618
Dilutive	6,503	6,918	6,336	6,936
Diluted	533,300	535,915	534,599	535,554
Options and awards outstanding excluded from the calculations as their effect would have been antidilutive (in shares)	3,500	1,000	2,900	800

SEGMENT INFORMATION - Net Reven

SEGMENT INFORMATION - Net Revenues (Details) $ in Thousands	3 Months Ended		9 Months Ended
SEGMENT INFORMATION - Net Revenues (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) segment	Sep. 30, 2021 USD ($)
Segment information
Number of reportable segments \| segment			4
Number of operating segments \| segment			4
Total Net Sales	$ 1,624,286	$ 1,410,557	$ 4,798,119	$ 4,116,308
Operating income	417,930	444,464	1,190,369	1,384,587
Income before tax	420,079	442,174	1,178,437	1,382,408
Recognition of deferred revenue	10,000	10,400	30,000	31,300
Corporate and Unallocated
Segment information
Total Net Sales	0	0	0	0
Operating income	(112,601)	(97,507)	(327,688)	(272,710)
Income before tax	(111,579)	(100,097)	(342,190)	(275,696)
Monster Energy Drinks
Segment information
Total Net Sales	1,502,219	1,329,793	4,444,755	3,867,162
Monster Energy Drinks \| Operating segment
Segment information
Total Net Sales	1,502,219	1,329,793	4,444,755	3,867,162
Operating income	492,534	500,641	1,388,815	1,512,633
Income before tax	493,486	500,929	1,391,026	1,513,421
Recognition of deferred revenue	10,000	10,400
Strategic Brands
Segment information
Total Net Sales	88,802	74,449	260,536	229,193
Strategic Brands \| Operating segment
Segment information
Total Net Sales	88,802	74,449	260,536	229,193
Operating income	47,282	40,184	145,977	139,398
Income before tax	47,319	40,198	146,082	139,419
Alcohol Brands
Segment information
Total Net Sales	26,818	0	74,472	0
Alcohol Brands \| Operating segment
Segment information
Total Net Sales	26,818	0	74,472	0
Operating income	(10,262)	0	(19,873)	0
Income before tax	(10,124)	0	(19,620)	0
Other
Segment information
Total Net Sales	6,447	6,315	18,356	19,953
Other \| Operating segment
Segment information
Total Net Sales	6,447	6,315	18,356	19,953
Operating income	977	1,146	3,138	5,266
Income before tax	$ 977	$ 1,144	$ 3,139	$ 5,264

SEGMENT INFORMATION - Depreciat

SEGMENT INFORMATION - Depreciation and Amortization (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment information
Depreciation and amortization	$ 15,609	$ 12,356	$ 46,040	$ 37,854
Corporate and Unallocated
Segment information
Depreciation and amortization	2,768	2,474	8,272	7,334
Monster Energy Drinks \| Operating segment
Segment information
Depreciation and amortization	7,773	8,477	24,035	26,315
Strategic Brands \| Operating segment
Segment information
Depreciation and amortization	234	283	709	832
Alcohol Brands \| Operating segment
Segment information
Depreciation and amortization	3,713	0	9,679	0
Other \| Operating segment
Segment information
Depreciation and amortization	$ 1,121	$ 1,122	$ 3,345	$ 3,373

SEGMENT INFORMATION - Expenses

SEGMENT INFORMATION - Expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment information
Stock-based compensation expense	$ 16.6	$ 16.7	$ 49.2	$ 52.4
Corporate and Unallocated
Segment information
Payroll costs	69.4	63.4	207.6	189.7
Stock-based compensation expense	16.2	16.7	48.5	52.2
Professional service expenses	26	19.3	69.3	60.6
Intellectual property claim				16.9
Other operating expenses	$ 17.2	$ 14.8	$ 50.8	$ 22.4

SEGMENT INFORMATION - Concentra

SEGMENT INFORMATION - Concentration Risk (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment information
Total Net Sales	$ 1,624,286	$ 1,410,557	$ 4,798,119	$ 4,116,308
Sales \| Outside United States
Segment information
Total Net Sales	$ 610,600	$ 527,400	$ 1,810,000	$ 1,530,000
Sales \| Customer concentration \| Outside United States
Segment information
Percentage of net sales	38%	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	10%	10%	10%	10%
Coca-Cola European Partners \| Sales \| Customer concentration
Segment information
Percentage of net sales		12%	13%	12%

SEGMENT INFORMATION - Goodwill

SEGMENT INFORMATION - Goodwill and other intangible assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Segment information
Goodwill and other intangible assets	$ 2,638,767	$ 2,404,029
Corporate and Unallocated
Segment information
Goodwill and other intangible assets	0	0
Monster Energy Drinks \| Operating segment
Segment information
Goodwill and other intangible assets	1,424,667	1,420,503
Strategic Brands \| Operating segment
Segment information
Goodwill and other intangible assets	977,851	978,032
Alcohol Brands \| Operating segment
Segment information
Goodwill and other intangible assets	234,049	0
Other \| Operating segment
Segment information
Goodwill and other intangible assets	$ 2,200	$ 5,494

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	3 Months Ended		9 Months Ended
RELATED PARTY TRANSACTIONS (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) director	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
TCCC
Related party transactions
Net sales	$ 36,600	$ 30,300	$ 95,000	$ 84,400
Purchases from related party	6,500	7,100	$ 21,500	21,300
Additional commissions and fees	$ 0
TCCC \| Voting interests
Related party transactions
Related Party Ownership Interest (as a percent)	19.60%		19.60%
TCCC Subsidiaries and TCCC Related parties
Related party transactions
Commission expenses	$ 12,800	23,600	$ 41,300	59,900
TCCC Subsidiaries and TCCC Related parties \| Monster Energy Drinks
Related party transactions
Contract manufacturing expenses	9,100	6,800	23,100	20,800
TCCC Related parties and TCCC Independent Bottlers \| Operating expense
Related party transactions
Commission expenses	5,500	9,100	24,400	22,600
TCCC Subsidiaries
Related party transactions
Accounts receivable, net	86,180		86,180		$ 94,647
Accounts payable	(37,613)		(37,613)		(35,248)
Accrued promotional allowances	(5,308)		(5,308)		(4,536)
Accrued liabilities	(40,117)		$ (40,117)		$ (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	1,300	$ 1,000	$ 4,700	$ 2,700
Business Travelling Expenses	$ 0		$ 80

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent event - Common stock $ in Millions	Nov. 02, 2022 USD ($)
Subsequent Event [Line Items]
Share repurchase program, authorized amount	$ 682.8
Board of Directors
Subsequent Event [Line Items]
Share repurchase program, authorized remaining amount	$ 500