Monster Beverage (MNST) 10-Q 6 Nov 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Oct. 31, 2023
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Year Focus	2023
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		1,040,441,348
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, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 1,773,849	$ 1,307,141
Short-term investments	1,236,752	1,362,314
Accounts receivable, net	1,231,188	1,016,203
Inventories	883,582	935,631
Prepaid expenses and other current assets	162,676	109,823
Prepaid income taxes	23,468	33,785
Total current assets	5,311,515	4,764,897
INVESTMENTS	52,636	61,443
PROPERTY AND EQUIPMENT, net	731,208	516,897
DEFERRED INCOME TAXES, net	176,724	177,039
GOODWILL	1,417,941	1,417,941
OTHER INTANGIBLE ASSETS, net	1,459,447	1,220,410
OTHER ASSETS	164,867	134,478
Total Assets	9,314,338	8,293,105
CURRENT LIABILITIES:
Accounts payable	539,892	444,265
Accrued liabilities	207,727	172,991
Accrued promotional allowances	296,577	255,631
Deferred revenue	40,127	43,311
Accrued compensation	76,835	72,463
Income taxes payable	17,644	13,317
Total current liabilities	1,178,802	1,001,978
DEFERRED REVENUE	209,136	223,800
OTHER LIABILITIES	53,251	42,286
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 5,000,000 shares authorized; 1,118,498 shares issued and 1,040,420 shares outstanding as of September 30, 2023; 1,283,688 shares issued and 1,044,600 shares outstanding as of December 31, 2022	5,592	6,418
Additional paid-in capital	4,893,289	4,776,804
Retained earnings	5,572,757	9,001,173
Accumulated other comprehensive loss	(198,033)	(159,073)
Common stock in treasury, at cost; 78,078 shares and 239,088 shares as of September 30, 2023 and December 31, 2022, respectively	(2,400,456)	(6,600,281)
Total stockholders' equity	7,873,149	7,025,041
Total Liabilities and Stockholders' Equity	$ 9,314,338	$ 8,293,105

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Sep. 30, 2023	Dec. 31, 2022
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$ 0.005	$ 0.005
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares issued	1,118,498	1,283,688
Common stock, shares outstanding	1,040,420	1,044,600
Common stock in treasury, shares	78,078	239,088

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
NET SALES	$ 1,856,028	$ 1,624,286	$ 5,409,919	$ 4,798,119
COST OF SALES	872,265	790,561	2,554,086	2,407,867
GROSS PROFIT	983,763	833,725	2,855,833	2,390,252
OPERATING EXPENSES	473,236	415,795	1,336,437	1,199,883
OPERATING INCOME	510,527	417,930	1,519,396	1,190,369
INTEREST and OTHER INCOME (EXPENSE), net	71,357	2,149	99,010	(11,932)
INCOME BEFORE PROVISION FOR INCOME TAXES	581,884	420,079	1,618,406	1,178,437
PROVISION FOR INCOME TAXES	$ 129,190	97,692	354,397	288,487
NET INCOME		$ 322,387	$ 1,264,009	$ 889,950
NET INCOME PER COMMON SHARE:
Basic	$ 0.43	$ 0.31	$ 1.21	$ 0.84
Diluted	$ 0.43	$ 0.30	$ 1.19	$ 0.83
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS:
Basic	1,047,015	1,053,594	1,046,337	1,056,526
Diluted	1,059,966	1,066,600	1,059,809	1,069,198

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income, as reported		$ 322,387	$ 1,264,009	$ 889,950
Other comprehensive income (loss):
Change in foreign currency translation adjustment	$ (48,280)	(68,822)	(46,074)	(147,450)
Available-for-sale investments:
Change in net unrealized gains (losses)		(2,675)	3,680	(7,840)
Net gains on commodity derivatives		0	3,434	0
Other comprehensive income (loss)	(42,308)	(71,497)	(38,960)	(155,290)
Comprehensive income	$ 410,386	$ 250,890	$ 1,225,049	$ 734,660

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, 2021	$ 6,400	$ 4,649,420	$ 7,809,549	$ (69,165)	$ (5,829,253)	$ 6,566,951
Balance (in shares) at Dec. 31, 2021	1,280,086				(221,440)
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Stock-based compensation		16,175				16,175
Stock options/awards	$ 6	4,504				4,510
Stock options/awards (in shares)	970
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)					(332)
Foreign currency translation				1,079		1,079
Net income			294,203			294,203
Balance at Mar. 31, 2022	$ 6,406	4,670,099	8,103,752	(72,145)	$ (5,841,440)	6,866,672
Balance (in shares) at Mar. 31, 2022	1,281,056				(221,772)
Balance at Dec. 31, 2021	$ 6,400	4,649,420	7,809,549	(69,165)	$ (5,829,253)	6,566,951
Balance (in shares) at Dec. 31, 2021	1,280,086				(221,440)
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Unrealized gain (loss), net on available-for-sale securities						(7,840)
Net gains on commodity derivatives						0
Net income						889,950
Balance at Sep. 30, 2022	$ 6,413	4,732,933	8,699,499	(224,454)	$ (6,398,631)	6,815,760
Balance (in shares) at Sep. 30, 2022	1,282,490				(234,560)
Balance at Mar. 31, 2022	$ 6,406	4,670,099	8,103,752	(72,145)	$ (5,841,440)	6,866,672
Balance (in shares) at Mar. 31, 2022	1,281,056				(221,772)
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Stock-based compensation		16,157				16,157
Stock options/awards	$ 4	18,108				18,112
Stock options/awards (in shares)	832
Unrealized gain (loss), net on available-for-sale securities				(1,105)		(1,105)
Repurchase of common stock					$ (284,311)	(284,311)
Repurchase of common stock (in shares)					(6,572)
Foreign currency translation				(79,707)		(79,707)
Net income			273,360			273,360
Balance at Jun. 30, 2022	$ 6,410	4,704,364	8,377,112	(152,957)	$ (6,125,751)	6,809,178
Balance (in shares) at Jun. 30, 2022	1,281,888				(228,344)
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Stock-based compensation		16,436				16,436
Stock options/awards	$ 3	12,133				12,136
Stock options/awards (in shares)	602
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)					(6,216)
Foreign currency translation				(68,822)		(68,822)
Net gains on commodity derivatives						0
Net income			322,387			322,387
Balance at Sep. 30, 2022	$ 6,413	4,732,933	8,699,499	(224,454)	$ (6,398,631)	6,815,760
Balance (in shares) at Sep. 30, 2022	1,282,490				(234,560)
Balance at Dec. 31, 2022	$ 6,418	4,776,804	9,001,173	(159,073)	$ (6,600,281)	7,025,041
Balance (in shares) at Dec. 31, 2022	1,283,688				(239,088)
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Stock-based compensation		15,743				15,743
Stock options/awards	$ 19	36,329				36,348
Stock options/awards (in shares)	3,704
Unrealized gain (loss), net on available-for-sale securities				3,181		3,181
Repurchase of common stock					$ (90,378)	(90,378)
Repurchase of common stock (in shares)					(1,688)
Retirement of treasury stock	$ (850)	425	(4,692,425)		$ 4,692,850
Retirement of treasury stock (in shares)	(170,000)				170,000
Foreign currency translation				7,981		7,981
Net income			397,444			397,444
Balance at Mar. 31, 2023	$ 5,587	4,829,301	4,706,192	(147,911)	$ (1,997,809)	7,395,360
Balance (in shares) at Mar. 31, 2023	1,117,392				(70,776)
Balance at Dec. 31, 2022	$ 6,418	4,776,804	9,001,173	(159,073)	$ (6,600,281)	7,025,041
Balance (in shares) at Dec. 31, 2022	1,283,688				(239,088)
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Unrealized gain (loss), net on available-for-sale securities						3,680
Net gains on commodity derivatives						3,434
Net income						1,264,009
Balance at Sep. 30, 2023						7,873,149
Balance at Mar. 31, 2023	$ 5,587	4,829,301	4,706,192	(147,911)	$ (1,997,809)	7,395,360
Balance (in shares) at Mar. 31, 2023	1,117,392				(70,776)
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Stock-based compensation		17,176				17,176
Stock options/awards	$ 4	23,314				23,318
Stock options/awards (in shares)	877
Unrealized gain (loss), net on available-for-sale securities				(773)		(773)
Repurchase of common stock					$ (447)	(447)
Repurchase of common stock (in shares)					(8)
Foreign currency translation				(5,775)		(5,775)
Net gains on commodity derivatives				(1,266)		(1,266)
Net income			413,871			413,871
Balance at Jun. 30, 2023	$ 5,591	4,869,791	$ 5,120,063	(155,725)	$ (1,998,256)	7,841,464
Balance (in shares) at Jun. 30, 2023	1,118,269				(70,784)
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Stock options/awards		17,605				17,605
Unrealized gain (loss), net on available-for-sale securities		$ 5,893
Repurchase of common stock				1,272		1,272
Foreign currency translation						(402,200)
Net gains on commodity derivatives				(48,280)
Net income				$ 4,700
Balance at Sep. 30, 2023						$ 7,873,149

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,264,009	$ 889,950
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	50,364	46,040
Non-cash lease expense	6,471	5,180
Gain on disposal of property and equipment	(686)	(253)
Gain on Bang Transaction	(45,382)
Loss on impairment of intangibles	2,800	0
Stock-based compensation	52,465	49,167
Deferred income taxes	0	29,710
Effect on cash of changes in operating assets and liabilities net of acquisition:
Accounts receivable	(218,804)	(202,447)
Inventories	69,796	(297,140)
Prepaid expenses and other assets	(67,368)	(39,204)
Prepaid income taxes	8,032	7,867
Accounts payable	109,823	52,663
Accrued liabilities	24,697	(2,572)
Accrued promotional allowances	42,425	89,236
Accrued compensation	3,523	(6,636)
Income taxes payable	4,217	(12,823)
Other liabilities	(3,636)	(3,492)
Deferred revenue	(19,320)	(16,060)
Net cash provided by operating activities	1,283,426	589,186
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of available-for-sale investments	1,546,038	1,823,943
Purchases of available-for-sale investments	(1,405,233)	(1,393,910)
Purchases of property and equipment	(110,224)	(136,158)
Proceeds from sale of property and equipment	1,753	603
Additions to intangibles	(9,110)	(3,578)
Increase in other assets	(19,862)	(19,171)
Net cash used in investing activities	(360,023)	(57,743)
CASH FLOWS FROM FINANCING ACTIVITIES:
(Payments) borrowings on debt	(11,273)	(719)
Issuance of common stock	65,560	34,759
Purchases of common stock held in treasury	(488,080)	(493,315)
Net cash used in financing activities	(433,793)	(459,275)
Effect of exchange rate changes on cash and cash equivalents	(22,902)	(95,582)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	466,708	(23,414)
CASH AND CASH EQUIVALENTS, beginning of period	1,307,141	1,326,462
CASH AND CASH EQUIVALENTS, end of period	1,773,849	1,303,048
Cash paid during the period for:
Interest	254	359
Income taxes	348,948	297,526
Bang Energy
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on Bang Transaction	(45,382)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition, net of cash	(363,385)
CANarchy
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition, net of cash	$ 0	$ (329,472)

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, 2023	Sep. 30, 2022
CONSOLIDATED STATEMENTS OF CASH FLOWS - SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS
Accrued liabilities for intangible assets	$ 14.3	$ 14.4
Accounts payable for purchase of available-for-sale short-term investment	8.7	7.9
Accounts payable for purchases of equipment	2	2.6
Accounts receivable included sales of available-for-sale short-term investments	5.9
Accounts payable for purchases of common stock held in treasury	$ 2.6	$ 76.1

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2023
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, 2022 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, 2023 and 2022, 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. Treasury Stock Retirement Stock Split Derivative Financial Instruments – 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, 2022.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 30, 2023
ACQUISITIONS
ACQUISITIONS	2. ACQUISITIONS On July 31, 2023, a subsidiary of the Company, Blast Asset Acquisition LLC, completed its acquisition of substantially all of the assets of Vital Pharmaceuticals, Inc. and its debtor affiliates (collectively, “Bang Energy”) (the “Bang Transaction”). The acquired assets primarily include Bang Energy® drinks and a beverage production facility in Phoenix, AZ. The Company accounted for the Bang Transaction in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805 “Business Combinations”. Under the acquisition method of accounting, the Company allocated the purchase price of the acquisition to identifiable assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date. During the three-months ended September 30, 2023, in connection with the Bang Transaction, the Company recorded a gain of $45.4 million in interest and other income (expense), net within the condensed consolidated statements of income and reported within the Corporate and Unallocated segment (the "Bang Transaction Gain"). During the three-and nine-months ended September 30, 2023, the Company incurred approximately $8.0 million and $15.1 million, respectively, of acquisition costs related to the Bang Transaction. The following table summarizes the preliminary fair value allocations of the Bang Transaction: ​ ​ ​ ​ ​ ​ ​ ​ ​ Identifiable ​ ​ ​ ​ ​ Assets Acquired ​ ​ ​ ​ ​ and (Liabilities) ​ Consideration ​ ​ Assumed ​ Transferred Intangibles - trademarks (non-amortizing) ​ $ 209,000 ​ $ — Intangibles - customer relationships (amortizing) ​ 23,000 ​ — Property and equipment, net ​ 143,200 ​ — Inventory ​ 30,496 ​ — Right-of -use assets ​ 12,523 ​ — Operating lease liabilities ​ (12,523) ​ — Working capital (excluding inventory) ​ 2,871 ​ — Other ​ 200 ​ — Cash ​ — ​ 363,385 Bang Transaction Gain ​ — ​ 45,382 Total ​ $ 408,767 ​ $ 408,767 ​ The fair value analysis has yet to progress to a stage where there is sufficient information for a definitive measurement of the respective fair values. Accordingly, the respective fair value allocations are preliminary and are based on valuations derived from estimated fair value assumptions used by management. The Company expects to complete its fair value analysis at a level of detail necessary to finalize the underlying fair value allocations as soon as practicable, but no later than twelve months from the closing of the Bang Transaction. Any differences between the final respective fair value allocations and the preliminary management estimates may have an impact on the Company’s financial position and results of operations. The Company determined the fair values as follows: ● Trademarks – relief-from-royalty method of the income approach ● Customer relationships – multi-period excess earnings method of the income approach ● Property and equipment – cost approach and market approach ● Inventory – comparative sales method and replacement cost method ● Bang Transaction Gain - residual of net assets acquired less cash consideration transferred The book value of the working capital (excluding inventory) approximates fair value due to the short-term nature of the accounts. For tax purposes, the Bang Transaction was recorded as an asset purchase. In accordance with Regulation S-X, pro forma unaudited condensed financial information for the Bang 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.

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
	Sep. 30, 2023
REVENUE RECOGNITION
REVENUE RECOGNITION	3. REVENUE RECOGNITION Revenues are accounted for in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Consumers”. The Company has four operating and reportable segments: (i) Monster Energy® Drinks segment (“Monster Energy® Drinks”), which is primarily comprised of the Company’s Monster Energy® drinks, Reign Storm TM TM The Company’s Monster Energy® Drinks segment primarily 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 and gas 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 and gas 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 ready-to-drink canned beers, hard seltzers and FMBs primarily to beer 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, 2023 and December 31, 2022. 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 for the Company’s energy drink products primarily include consideration given to the Company’s non-alcohol 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 for its energy drink products 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 for its energy drink products 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. Promotional and other allowances for our Alcohol Brands segment primarily include price promotions where permitted. 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, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asia Pacific ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ (including ​ and ​ ​ Net Sales Canada EMEA 1 Oceania) Caribbean Total Monster Energy® Drinks ​ $ 1,069,856 ​ $ 355,898 ​ $ 118,869 ​ $ 163,618 ​ $ 1,708,241 Strategic Brands ​ 50,084 ​ 35,985 ​ 8,398 ​ 4,296 ​ 98,763 Alcohol Brands ​ ​ 42,326 ​ ​ — ​ ​ — ​ ​ — ​ ​ 42,326 Other ​ 6,698 ​ — ​ — ​ — ​ 6,698 Total Net Sales ​ $ 1,168,964 ​ $ 391,883 ​ $ 127,267 ​ $ 167,914 ​ $ 1,856,028 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asia Pacific ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ (including ​ and ​ ​ ​ Net Sales Canada EMEA 1 Oceania) 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 ​ 1 Europe, Middle East and Africa (“EMEA”) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months Ended September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asia Pacific ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ (including ​ and ​ ​ ​ Net Sales Canada EMEA 1 Oceania) Caribbean Total Monster Energy® Drinks ​ $ 3,160,071 ​ $ 972,531 ​ $ 379,342 ​ $ 444,854 ​ $ 4,956,798 Strategic Brands ​ 140,353 ​ 108,986 ​ 25,209 ​ 10,263 ​ 284,811 Alcohol Brands ​ 149,692 ​ — ​ — ​ — ​ 149,692 Other ​ 18,618 ​ — ​ — ​ — ​ 18,618 Total Net Sales ​ $ 3,468,734 ​ $ 1,081,517 ​ $ 404,551 ​ $ 455,117 ​ $ 5,409,919 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months Ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asia Pacific ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ (including ​ and ​ ​ ​ Net Sales Canada EMEA 1 Oceania) 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 ​ 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, 2023, the Company had $249.3 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, 2022, the Company had $267.1 million of deferred revenue, which is included in current and long-term deferred revenue in the Company’s condensed consolidated balance sheet. During both the three-months ended September 30, 2023 and 2022, $10.0 million of deferred revenue was recognized in net sales. See Note 11. During both the nine-months ended September 30, 2023 and 2022, $30.0 million of deferred revenue was recognized in net sales. See Note 11.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2023
LEASES
LEASES	4. LEASES The Company leases identified assets consisting primarily of office and warehouse space, warehouse equipment and vehicles. Leases are classified as either finance leases or operating leases based on criteria in ASC 842, “Leases”. The Company’s leases have remaining lease terms of less than one year to 11 years, some which leases leases The components of lease cost were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, ​ Nine-Months Ended September 30, ​ 2023 2022 2023 2022 Operating lease cost ​ $ 2,968 ​ $ 2,306 ​ $ 8,051 ​ $ 6,238 Short-term lease cost ​ 2,209 ​ 1,001 ​ 4,258 ​ 2,870 Variable lease cost ​ 295 ​ 189 ​ 736 ​ 567 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets ​ 383 ​ 140 ​ 708 ​ 415 Interest on lease liabilities ​ 88 ​ 8 ​ 146 ​ 18 Finance lease cost ​ 471 ​ 148 ​ 854 ​ 433 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total lease cost ​ $ 5,943 ​ $ 3,644 ​ $ 13,899 ​ $ 10,108 ​ Supplemental cash flow information related to leases was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months Ended September 30, ​ 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash outflows from operating leases ​ $ 7,600 ​ $ 5,859 Operating cash outflows from finance leases ​ ​ 146 ​ ​ 18 Financing cash outflows from finance leases ​ ​ 3,660 ​ ​ 1,678 ​ ​ ​ ​ ​ ​ ​ Right-of-use assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ Finance leases ​ ​ 10,120 ​ ​ 1,654 Operating leases ​ ​ 15,944 ​ ​ 20,093 ​ Supplemental balance sheet information related to leases was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ Balance Sheet Location ​ 2023 ​ 2022 Operating leases: ​ ​ Right-of-use assets Other assets ​ $ 47,160 ​ $ 38,012 ​ ​ ​ ​ ​ ​ ​ ​ ​ Current lease liabilities Accrued liabilities ​ $ 9,119 ​ $ 7,747 Noncurrent lease liabilities Other liabilities ​ 38,111 ​ 29,586 Total operating lease liabilities ​ $ 47,230 ​ $ 37,333 ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ Right-of-use assets Property and equipment, net ​ $ 9,824 ​ $ 1,598 ​ ​ ​ ​ ​ ​ ​ ​ ​ Current lease liabilities Accrued liabilities ​ $ 7,232 ​ $ 757 Noncurrent lease liabilities Other liabilities ​ 24 ​ 41 Total finance lease liabilities ​ $ 7,256 ​ $ 798 ​ Weighted-average remaining lease term and weighted-average discount rate for the Company’s leases were as follows: ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 December 31, 2022 ​ Weighted-average remaining lease term in years: ​ ​ ​ ​ ​ Operating leases ​ 6.5 6.7 ​ Finance leases ​ 0.8 ​ 0.8 ​ ​ ​ ​ ​ ​ ​ Weighted-average discount rate: ​ ​ ​ ​ ​ Operating leases ​ 4.0 % 3.4 % Finance leases ​ 6.2 % 3.6 % ​ The following table outlines maturities of the Company’s lease liabilities as of September 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases Finance Leases 2023 (from October 1, 2023 to December 31, 2023) ​ $ 2,512 ​ $ 2,619 2024 ​ 10,271 ​ 4,814 2025 ​ 8,183 ​ 17 2026 ​ 6,978 ​ 2 2027 ​ ​ 6,754 ​ ​ — 2028 and thereafter ​ 19,254 ​ — Total lease payments ​ 53,952 ​ 7,452 Less imputed interest ​ (6,722) ​ (196) Total ​ $ 47,230 ​ $ 7,256 ​ As of September 30, 2023, the Company did not have any significant additional leases that had not yet commenced.

INVESTMENTS

INVESTMENTS	9 Months Ended
	Sep. 30, 2023
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, 2023 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 270,002 ​ $ — ​ $ 2 ​ $ 270,000 ​ $ 2 ​ $ — Certificates of deposit ​ ​ 15,366 ​ ​ — ​ ​ — ​ ​ 15,366 ​ ​ — ​ ​ — Municipal securities ​ 29,862 ​ ​ — ​ ​ 29 ​ ​ 29,833 ​ ​ 29 ​ ​ — U.S. government agency securities ​ 153,356 ​ 8 ​ 311 ​ 153,053 ​ 311 ​ — U.S. treasuries ​ ​ 536,966 ​ 9 ​ 1,234 ​ 535,741 ​ 1,234 ​ — Corporate bonds ​ ​ 233,328 ​ ​ 5 ​ ​ 574 ​ ​ 232,759 ​ ​ 574 ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency securities ​ ​ 11,489 ​ ​ — ​ ​ 12 ​ ​ 11,477 ​ ​ 12 ​ ​ — U.S. treasuries ​ ​ 30,364 ​ ​ 3 ​ ​ 29 ​ ​ 30,338 ​ ​ 29 ​ ​ — Corporate bonds ​ ​ 10,845 ​ ​ — ​ ​ 24 ​ ​ 10,821 ​ ​ 24 ​ ​ — Total ​ $ 1,291,578 ​ $ 25 ​ $ 2,215 ​ $ 1,289,388 ​ $ 2,215 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous ​ Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than 12 December 31, 2022 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 197,712 ​ $ 1 ​ $ 4 ​ $ 197,709 ​ $ 4 ​ $ — Certificates of deposit ​ ​ 10,078 ​ ​ — ​ ​ — ​ ​ 10,078 ​ ​ — ​ ​ — Municipal securities ​ 211,791 ​ 60 ​ 612 ​ 211,239 ​ 612 ​ — U.S. government agency securities ​ 109,697 ​ 3 ​ 715 ​ 108,985 ​ 715 ​ — U.S. treasuries ​ ​ 838,825 ​ ​ 17 ​ ​ 4,539 ​ ​ 834,303 ​ ​ 4,539 ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency securities ​ ​ 2,016 ​ ​ — ​ ​ 3 ​ ​ 2,013 ​ ​ 3 ​ ​ — U.S. treasuries ​ ​ 53,215 ​ ​ 20 ​ ​ 71 ​ ​ 53,164 ​ ​ 71 ​ ​ — Variable rate demand notes ​ ​ 6,266 ​ ​ — ​ ​ — ​ ​ 6,266 ​ ​ — ​ ​ — Total ​ $ 1,429,600 ​ $ 101 ​ $ 5,944 ​ $ 1,423,757 ​ $ 5,944 ​ $ — ​ During the three- and nine-months ended September 30, 2023 and 2022, realized gains or losses recognized on the sale of investments were not significant. The Company’s investments at September 30, 2023 and December 31, 2022 carried investment grade credit ratings. The following table summarizes the underlying contractual maturities of the Company’s investments at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ December 31, 2022 ​ Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 270,002 ​ $ 270,000 $ 197,712 ​ $ 197,710 Municipal securities ​ 29,862 ​ 29,833 211,791 ​ 211,239 U.S. government agency securities ​ 153,356 ​ 153,053 109,697 ​ 108,985 Certificates of deposit ​ 15,366 ​ 15,366 10,078 ​ 10,078 U.S. treasuries ​ ​ 536,966 ​ ​ 535,741 ​ ​ 838,825 ​ ​ 834,302 Corporate bonds ​ ​ 233,328 ​ ​ 232,759 ​ ​ — ​ ​ — Due 1 - 10 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. treasuries ​ ​ 30,364 ​ ​ 30,338 ​ ​ 53,215 ​ ​ 53,164 U.S. government agency securities ​ 11,489 ​ 11,477 2,016 ​ 2,013 Variable rate demand notes ​ ​ — ​ ​ — ​ ​ 4,862 ​ ​ 4,862 Corporate bonds ​ ​ 10,845 ​ ​ 10,821 ​ ​ — ​ ​ — Due 11 - 20 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ — ​ — 1,404 ​ 1,404 Total ​ $ 1,291,578 ​ $ 1,289,388 $ 1,429,600 ​ $ 1,423,757 ​

FAIR VALUE OF CERTAIN FINANCIAL

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	9 Months Ended
	Sep. 30, 2023
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, 2023 Level 1 Level 2 Level 3 Total Cash ​ $ 983,999 ​ $ — ​ $ — ​ $ 983,999 Money market funds ​ 588,799 ​ — ​ — ​ 588,799 Certificates of deposit ​ ​ — ​ ​ 53,784 ​ ​ — ​ ​ 53,784 Commercial paper ​ — ​ 270,000 ​ — ​ 270,000 Corporate bonds ​ ​ — ​ ​ 243,580 ​ ​ — ​ ​ 243,580 Municipal securities ​ — ​ 29,833 ​ — ​ 29,833 U.S. government agency securities ​ — ​ 190,712 ​ — ​ 190,712 U.S. treasuries ​ ​ — ​ ​ 702,530 ​ ​ — ​ ​ 702,530 Foreign currency derivatives ​ — ​ 695 ​ — ​ 695 Commodity derivatives ​ — ​ 3,434 ​ — ​ 3,434 Total ​ $ 1,572,798 ​ $ 1,494,568 ​ $ — ​ $ 3,067,366 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,572,798 ​ $ 201,051 ​ $ — ​ $ 1,773,849 Short-term investments ​ — ​ 1,236,752 ​ — ​ 1,236,752 Accounts receivable, net ​ — ​ 4,887 ​ — ​ 4,887 Other assets ​ ​ — ​ ​ 371 ​ ​ — ​ ​ 371 Investments ​ — ​ 52,636 ​ — ​ 52,636 Accrued liabilities ​ — ​ (1,129) ​ — ​ (1,129) Total ​ $ 1,572,798 ​ $ 1,494,568 ​ $ — ​ $ 3,067,366 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 Level 1 Level 2 Level 3 Total Cash ​ $ 1,132,509 ​ $ — ​ $ — ​ $ 1,132,509 Money market funds ​ 121,444 ​ — ​ — ​ 121,444 Certificates of deposit ​ ​ — ​ ​ 10,078 ​ ​ — ​ ​ 10,078 Commercial paper ​ — ​ 225,067 ​ — ​ 225,067 Variable rate demand notes ​ ​ — ​ ​ 6,266 ​ ​ — ​ ​ 6,266 Municipal securities ​ — ​ 213,798 ​ — ​ 213,798 U.S. government agency securities ​ — ​ 113,357 ​ — ​ 113,357 U.S. treasuries ​ ​ — ​ ​ 908,379 ​ ​ — ​ ​ 908,379 Foreign currency derivatives ​ — ​ (3,733) ​ — ​ (3,733) Total ​ $ 1,253,953 ​ $ 1,473,212 ​ $ — ​ $ 2,727,165 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,253,953 ​ $ 53,188 ​ $ — ​ $ 1,307,141 Short-term investments ​ — ​ 1,362,314 ​ — ​ 1,362,314 Accounts receivable, net ​ — ​ 965 ​ — ​ 965 Investments ​ — ​ 61,443 ​ — ​ 61,443 Accrued liabilities ​ — ​ (4,698) ​ — ​ (4,698) Total ​ $ 1,253,953 ​ $ 1,473,212 ​ $ — ​ $ 2,727,165 ​ 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 three- and nine-months ended September 30, 2023, or during the year-ended December 31, 2022, and there were no changes in the Company’s valuation techniques.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	9 Months Ended
	Sep. 30, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	7. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES The Company accounts for its derivative instruments and hedging activities under ASC 815, “Derivatives and Hedging.” The following table presents the fair values of the Company’s derivative instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value ​ ​ September 30, December 31, ​ Derivatives designated as hedging instruments ​ 2023 ​ 2022 ​ Balance Sheet location Assets: ​ ​ ​ Commodity contracts ​ $ 3,273 ​ $ — ​ Accounts receivable, net Commodity contracts ​ $ 371 ​ $ — ​ Other assets Liabilities: ​ ​ ​ Commodity contracts ​ $ (210) ​ $ — ​ Accrued liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value ​ ​ September 30, December 31, ​ Derivatives not designated as hedging instruments ​ 2023 ​ 2022 ​ Balance Sheet location Assets: ​ ​ ​ Foreign currency exchange contracts ​ $ 1,614 ​ $ 965 ​ Accounts receivable, net Liabilities: ​ ​ ​ Foreign currency exchange contracts ​ $ (919) ​ $ (4,698) ​ Accrued liabilities ​ Cash Flow Hedging Strategy The Company uses cash flow hedges to minimize the variability in cash flows of forecasted transactions caused by fluctuations in commodity prices. The changes in the fair values of derivatives designated as cash flow hedges are recorded in accumulated other comprehensive income (loss) (“AOCI”) and are reclassified into the line item in our condensed consolidated statement of income in which the hedged items are recorded in the same period that the hedged items affect earnings. The changes in the fair values of hedges that are determined to be ineffective are immediately reclassified from AOCI into earnings. The maximum length of time for which the Company hedges its exposure to the variability in future cash flows is currently less than two years. The Company has entered into commodity hedge contracts to mitigate the price risk associated with a portion of its forecasted aluminum purchases. These derivative instruments were designated as part of the Company’s commodity cash flow hedging program. The objective of this hedging program is to reduce the variability of cash flows associated with future purchases of aluminum. The total notional values of derivatives that were designated and qualified for this program were $83.8 million as of September 30, 2023. Transactions under the commodity cash flow hedging program were executed beginning in May 2023. The following table presents the impact that changes in the fair values of derivatives designated as cash flow hedges had on other comprehensive income (“OCI”), AOCI and earnings: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-months ended September 30, 2023 Derivatives ​ ​ ​ Gain (loss) designated as ​ Gain (loss) recognized ​ Location of gain (loss) ​ reclassified from hedging instruments ​ in AOCI ​ recognized in income ​ AOCI into income Commodity contracts ​ $ 4,700 Cost of sales ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-months ended September 30, 2023 Derivatives ​ ​ ​ Gain (loss) designated as ​ Gain (loss) recognized ​ Location of gain (loss) ​ reclassified from hedging instruments ​ in AOCI ​ recognized in income ​ AOCI into income Commodity contracts ​ $ 3,434 Cost of sales ​ $ — ​ As of September 30, 2023, the Company estimates that it will reclassify into earnings net gains (losses) of $3.1 million from the amount recorded in AOCI as the anticipated cash flows occur during the next 12 months. Economic (Non-Designated) Hedging Strategy The Company is exposed to foreign currency exchange rate risks related primarily to its foreign business operations. During the nine-months ended September 30, 2023 and the year-ended December 31, 2022, 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, 2023 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. 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 total notional values of derivatives related to our foreign currency economic hedges were $310.3 million and $299.8 million as of September 30, 2023 and December 31, 2022, respectively. The net gains (losses) on derivatives not designated as hedging instruments in the condensed consolidated statements of income were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (loss) ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives ​ ​ ​ ​ Three-months ended Derivatives not designated as ​ Location of gain (loss) ​ September 30, ​ September 30, hedging instruments ​ recognized in income on derivatives ​ 2023 ​ 2022 Foreign currency exchange contracts Interest and other income (expense), net ​ $ 5,080 ​ $ 4,631 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (loss) ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives ​ ​ ​ ​ Nine-months ended Derivatives not designated as ​ Location of gain (loss) ​ September 30, ​ September 30, hedging instruments ​ recognized in income on derivatives ​ 2023 ​ 2022 Foreign currency exchange contracts Interest and other income (expense), net ​ $ (4,695) ​ $ 1,355 ​ Certain of the Company’s counterparty agreements contain provisions that require the Company to post collateral on derivative instruments in a net liability position. As of September 30, 2023, no amounts were posted as collateral.

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2023
INVENTORIES
INVENTORIES	8. INVENTORIES Inventories consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ 2023 2022 Raw materials ​ $ 355,557 ​ $ 467,392 Work in process ​ ​ 1,768 ​ ​ 1,688 Finished goods ​ 526,257 ​ 466,551 ​ ​ $ 883,582 ​ $ 935,631 ​

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	9. PROPERTY AND EQUIPMENT, NET Property and equipment consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ 2023 2022 Land ​ $ 151,963 ​ $ 139,798 Leasehold improvements ​ 35,531 ​ 31,327 Furniture and fixtures ​ 9,814 ​ 9,286 Office and computer equipment ​ 23,657 ​ 22,386 Computer software ​ 3,693 ​ 5,906 Equipment ​ 360,775 ​ 244,739 Buildings ​ 210,996 ​ 163,885 Vehicles ​ 66,297 ​ 49,175 Assets under construction ​ ​ 138,328 ​ ​ 83,553 ​ ​ 1,001,054 ​ 750,055 Less: accumulated depreciation and amortization ​ (269,846) ​ (233,158) ​ ​ $ 731,208 ​ $ 516,897 ​ Total depreciation and amortization expense was $16.7 million and $13.6 million for the three-months ended September 30, 2023 and 2022, respectively. Total depreciation and amortization expense was $46.1 million and $40.5 million for the nine-months ended September 30, 2023 and 2022, respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	10. The following is a roll-forward of goodwill for the nine-months ended September 30, 2023 and 2022 by reportable segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ Alcohol ​ ​ ​ ​ ​ ​ ​ Drinks Brands Brands Other Total Balance at December 31, 2022 ​ $ 693,644 ​ $ 637,999 ​ $ 86,298 ​ $ — ​ $ 1,417,941 Acquisitions ​ — ​ — ​ — ​ — ​ — Balance at September 30, 2023 ​ $ 693,644 ​ $ 637,999 ​ $ 86,298 ​ $ — ​ $ 1,417,941 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ Intangible assets consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ 2023 2022 Amortizing intangibles ​ $ 144,378 ​ $ 121,378 Accumulated amortization ​ (73,007) ​ (68,790) ​ ​ 71,371 ​ 52,588 Non-amortizing intangibles ​ 1,388,076 ​ 1,167,822 ​ ​ $ 1,459,447 ​ $ 1,220,410 ​ 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, 2023: ​ ​ ​ ​ ​ 2023 (from October 1, 2023 to December 31, 2023) $ 1,487 2024 ​ ​ 5,948 2025 ​ ​ 5,947 2026 ​ ​ 5,947 2027 ​ ​ 5,946 2028 and thereafter ​ ​ 46,096 ​ ​ $ 71,371 ​

DISTRIBUTION AGREEMENTS

DISTRIBUTION AGREEMENTS	9 Months Ended
	Sep. 30, 2023
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 for both the three-months ended September 30, 2023 and 2022. Revenue recognized was $30.0 million for both the nine-months ended September 30, 2023 and 2022.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES The Company had purchase commitments aggregating approximately $269.9 million at September 30, 2023, 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 $451.3 million at September 30, 2023, 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, 2023, the interest rate on borrowings under the line of credit was 5.5%. As of September 30, 2023, no amounts were 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, 2023, $0.3 million of loss contingencies were included in the Company’s accompanying consolidated balance sheet. As of December 31, 2022, no loss contingencies were included in the Company’s accompanying consolidated balance sheet. On September 29, 2022, a jury in the U.S. District Court for the Central District of California (the “District Court”) awarded Monster Energy Company (“MEC”) approximately $293 million in damages in its false advertising and trade secrets case (the “Jury Award”) against Vital Pharmaceuticals, Inc. (“VPX”), the maker of Bang Energy. The jury found VPX and its former chief executive officer John H. Owoc 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 MEC’s contracts over shelf space with certain key vendors. On April 12, 2023, the District Court granted Monster’s motion for a permanent injunction which, among other things, enjoined VPX, Mr. Owoc, and others working in concert with them from falsely or deceptively claiming that BANG or any other beverages contain creatine or a form of creatine, requires them to remove all such advertising within 60 days, and required VPX and Mr. Owoc to issue corrective statements to consumers and non-consumer partners, including retailers and distributors. In April 2022, MEC and Orange Bang, Inc. (“Orange Bang”) filed a joint motion in a separate District Court action 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 (the “Arbitration Award”). 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 District Court entered final judgment confirming the Arbitration Award. On October 28, 2022, VPX filed a notice of appeal of the District Court’s final judgment confirming the Arbitration 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. Due to such ongoing proceedings, VPX’s appeal of the District Court’s final judgment confirming the Arbitration Award was stayed. While reserving all rights to appeal, VPX made its first royalty payment of $3.6 million on February 14, 2023, which is for sales of Bang Energy drink and other Bang-branded products from October 10, 2022 through December 31, 2022. On May 25, 2023, VPX made an additional royalty payment in the amount of approximately $3.7 million for sales of Bang-branded products from January 1, 2023 through March 31, 2023. Per ASC 450 “Contingencies”, the Company will not recognize the royalty payments until they are realized or realizable. On June 28, 2023, VPX and certain of its affiliates (“Bang Energy”) entered into an Asset Purchase Agreement (the “APA”) with the Company (“Buyer”), which among other things, provided for the Buyer’s acquisition of substantially all of Bang Energy’s assets. The transactions contemplated by the APA were approved by the U.S. Bankruptcy Court for the Southern District of Florida (the “Bankruptcy Court”) on July 14, 2023 and closed on July 31, 2023, at which time Monster was deemed to have allowed general unsecured claims in VPX’s bankruptcy case relating to the Jury Award (subject to the potential modification of the Jury Award in light of pending post-verdict motions filed by MEC and VPX) and the Arbitration Award. Pursuant to the APA, Bang Energy and the Company have mutually released each other from all claims and liabilities related to the Jury Award and the Arbitration Award, except (i) any claims that the Company might have against Mr. Owoc in relation to the Jury Award and (ii) the Bankruptcy Court’s allowance of the Company’s unsecured claims in an amount of approximately $422.0 million. Per ASC 450 “Contingencies”, the Company will not recognize the allowed general unsecured claims as it relates to VPX and its affiliates, or the Jury Award as it relates to Mr. Owoc, until they are realized or realizable. In June 2023, the Company entered into an agreement with Orange Bang regarding the Company’s use and registration of certain Bang® trademarks and trade names. Under this agreement, the Company paid Orange Bang a one-time payment of approximately $12.5 million and will pay a 2.5% royalty on the Company’s sales of products bearing the tradename Bang®. On October 31, 2023, the Bankruptcy Court overseeing the chapter 11 cases of VPX and its affiliates confirmed the VPX and affiliates Plan of Reorganization that, among other things, made no modification to Monster’s allowed unsecured claims. As part of the Plan of Reorganization, a Liquidating Trust is formed to pursue all claims not released under the Plan of Reorganization, and to liquidate any assets still owned by VPX and its affiliates. The Company has one of three seats on the Oversight Board that oversees the appointed Liquidating Trustee’s efforts to pursue litigation and otherwise liquidate any remaining assets. As provided herein, per ASC 450 “Contingencies”, the Company will not recognize the allowed unsecured claims until they are realized or realizable.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
	Sep. 30, 2023
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, 2023 and 2022 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ Net Gains on Currency Gains (Losses) ​ ​ ​ ​ Commodity ​ Translation ​ on Available-for- ​ ​ ​ ​ Derivatives Gains (Losses) Sale Securities Total Balance at December 31, 2022 ​ $ — ​ $ (153,230) ​ $ (5,843) ​ $ (159,073) Other comprehensive income before reclassifications ​ ​ 3,434 ​ (46,074) ​ ​ 3,680 ​ ​ (38,960) Net current-period other comprehensive (loss) gain ​ ​ 3,434 ​ (46,074) ​ ​ 3,680 ​ ​ (38,960) Balance at September 30, 2023 ​ $ 3,434 ​ $ (199,304) ​ $ (2,163) ​ $ (198,033) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ Net Gains on Currency ​ Losses ​ ​ ​ ​ ​ Commodity Translation on Available-for- ​ ​ ​ Derivatives Losses Sale Securities Total Balance at December 31, 2021 ​ $ — ​ $ (68,209) ​ $ (956) ​ $ (69,165) Other comprehensive loss before reclassifications ​ ​ — ​ (147,450) ​ ​ (7,840) ​ ​ (155,290) Net current-period other comprehensive loss ​ ​ — ​ (147,450) ​ ​ (7,840) ​ ​ (155,290) Balance at September 30, 2022 ​ $ — ​ $ (215,659) ​ $ (8,796) ​ $ (224,455) ​

TREASURY STOCK

TREASURY STOCK	9 Months Ended
	Sep. 30, 2023
TREASURY STOCK
TREASURY STOCK	14. TREASURY STOCK On March 10, 2023, the Company retired 170.0 million shares (stock split adjusted) of treasury stock owned by the Company. The retired stock had a carrying value of approximately$4.69 billion. The Company’s accounting policy upon the formal retirement of treasury stock is to deduct its par value from common stock and to reflect any excess of cost over par as a deduction from retained earnings. On June 14, 2022, 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 “June 2022 Repurchase Plan”). During the three-months ended September 30, 2023, the Company purchased approximately 3.3 million shares of common stock at an average purchase price of $55.52 per share, for a total amount of approximately $182.8 million (excluding broker commissions), which exhausted the availability under the June 2022 Repurchase Plan. On November 2, 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 “November 2022 Repurchase Plan”). During the three-months ended September 30, 2023, the Company purchased approximately 4.0 million shares of common stock at an average purchase price of $54.26 per share, for a total amount of approximately $217.1 million (excluding broker commissions), under the November 2022 Repurchase Plan. As of November 6, 2023, $282.8 million remained available for repurchase under the November 2022 Repurchase Plan. The aggregate amount of the Company’s outstanding common stock that remains available for repurchase under all previously authorized repurchase plans is $282.8 million as of November 6, 2023. During the three-months ended September 30, 2023, 135 shares of common stock were purchased from employees in lieu of cash payments for options exercised or withholding taxes due for a total amount of $7,688. While such purchases are considered common stock repurchases, they are not counted as purchases against the Company’s authorized share repurchase programs. Such shares are included in common stock in treasury in the accompanying consolidated balance sheet at September 30, 2023.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2023
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, 2023: (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 $17.9 million and $16.6 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, 2023 and 2022, respectively. The Company recorded $52.5 million and $49.2 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, 2023 and 2022, 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, 2023 and 2022 was ($0.2) 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, 2023 and 2022 was $29.9 million and $4.6 million, respectively. Stock Options Under the Company’s stock-based compensation plans, all stock options granted as of September 30, 2023 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, ​ ​ 2023 2022 ​ 2023 2022 ​ Dividend yield ​ 0.0 % 0.0 % 0.0 % 0.0 % Expected volatility ​ 27.0 % 27.6 % 27.6 % 27.7 % Risk-free interest rate ​ 4.2 % 2.8 % 3.7 % 2.1 % Expected term ​ 6.3 years 6.2 years 6.3 years 6.1 years ​ Expected Volatility Risk-Free Interest Rate Expected Term The following table summarizes the Company’s activities with respect to its stock option plans as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ ​ Weighted- ​ Average ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ ​ ​ ​ ​ Number of ​ Exercise ​ Contractual ​ ​ ​ ​ ​ Shares (in ​ Price Per ​ Term (in ​ Aggregate Options thousands) Share years) Intrinsic Value Outstanding at January 1, 2023 29,710 ​ $ 26.38 5.0 ​ $ 724,651 Granted 01/01/23 - 03/31/23 3,962 ​ $ 50.82 ​ ​ ​ ​ ​ Granted 04/01/23 - 06/30/23 31 ​ $ 59.36 ​ ​ ​ ​ ​ Granted 07/01/23 - 09/30/23 25 ​ $ 57.71 ​ ​ ​ ​ ​ Exercised (4,218) ​ $ 15.54 ​ ​ ​ ​ ​ Cancelled or forfeited (306) ​ $ 40.05 ​ ​ ​ ​ ​ Outstanding at September 30, 2023 29,204 ​ $ 31.17 5.3 ​ $ 636,250 Vested and expected to vest in the future at September 30, 2023 ​ 28,330 ​ $ 30.77 ​ 5.2 ​ $ 628,547 Exercisable at September 30, 2023 18,467 ​ $ 24.70 3.5 ​ $ 521,638 ​ The weighted-average grant-date fair value of options granted during the three-months ended September 30, 2023 and 2022 was $21.01 per share and $15.97 per share, respectively. The weighted-average grant-date fair value of options granted during the nine-months ended September 30, 2023 and 2022 was $18.27 per share and $11.68 per share, respectively. The total intrinsic value of options exercised during the three-months ended September 30, 2023 and 2022 was $7.1 million and $15.3 million, respectively. The total intrinsic value of options exercised during the nine-months ended September 30, 2023 and 2022 was $164.9 million and $38.2 million, respectively. Cash received from option exercises under all plans for the three-months ended September 30, 2023 and 2022 was $5.9 million and $12.1 million, respectively. Cash received from option exercises under all plans for the nine-months ended September 30, 2023 and 2022 was $65.6 million and $34.8 million, respectively. At September 30, 2023, there was $106.2 million of total unrecognized compensation expense related to non-vested options granted to employees under the Company’s stock-based compensation plans. That cost is expected to be recognized over a weighted-average period of 3.2 years. Restricted Stock Units and Performance Share Units The cost of stock-based compensation for restricted stock units and performance share units is measured based on the closing fair market value of the Company’s common stock at the date of grant. In the event that the Company has the option and intent to settle a restricted stock unit or performance share unit in cash, the award is classified as a liability and revalued at each balance sheet date. The following table summarizes the Company’s activities with respect to non-vested restricted stock units and performance share units as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average ​ ​ Shares (in ​ Grant-Date ​ thousands) Fair Value Non-vested at January 1, 2023 ​ 2,026 ​ $ 36.27 Granted 01/01/23 - 03/31/23 1 ​ 523 ​ $ 48.49 Granted 04/01/23 - 06/30/23 ​ 22 ​ $ 59.70 Granted 07/01/23 - 09/30/23 ​ 2 ​ $ 56.38 Vested ​ (593) ​ $ 32.82 Forfeited/cancelled ​ (12) ​ $ 32.71 Non-vested at September 30, 2023 ​ 1,968 ​ $ 40.86 ​ 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, 2023 and 2022 was $56.38 and $47.59 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, 2023 and 2022 was $51.22 and $37.12 per share, respectively. As of September 30, 2023, 1.9 million of restricted stock units and performance share units are expected to vest over their respective terms. At September 30, 2023, total unrecognized compensation expense relating to non-vested restricted stock units and performance share units was $39.5 million, which is expected to be recognized over a weighted-average period of 1.4 years. Other Share-Based Awards The Company has granted other share-based awards to certain employees that are payable in cash. These awards are classified as liabilities and are valued based on the fair value of the award at the grant date and are remeasured at each reporting date until settlement, with compensation expense being recognized in proportion to the completed requisite service period up until date of settlement. At September 30, 2023, other share-based awards outstanding included grants that vest over three years payable in the first quarters of 2024, 2025 and 2026. At September 30, 2023, there was $1.2 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 expense is expected to be recognized over a weighted-average period of 1.6 years.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2023
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, 2023: ​ ​ ​ ​ ​ ​ ​ Gross Unrecognized ​ Tax Benefits Balance at December 31, 2022 ​ $ 3,020 Additions for tax positions related to the current year ​ — Additions for tax positions related to the prior years ​ 738 Decreases for tax positions related to the prior years ​ — Balance at September 30, 2023 ​ $ 3,758 ​ 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, 2023, the Company had approximately $0.7 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 2019 through 2022 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 2018 through 2022 tax years.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2023
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, ​ 2023 2022 2023 2022 Weighted-average shares outstanding: ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ 1,047,015 1,053,594 1,046,337 1,056,526 Dilutive ​ 12,951 13,006 13,472 12,672 Diluted ​ 1,059,966 1,066,600 1,059,809 1,069,198 ​ For the three-months ended September 30, 2023 and 2022, options and awards outstanding totaling 4.1 million shares and 7.0 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive. For the nine-months ended September 30, 2023 and 2022, options and awards outstanding totaling 3.1 million shares and 5.8 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2023
SEGMENT INFORMATION
SEGMENT INFORMATION	18. SEGMENT INFORMATION The Company has four operating and reportable segments: (i) Monster Energy® Drinks segment, which is primarily comprised of the Company’s Monster Energy® drinks, Reign Storm TM TM 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 and gas 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 and gas 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 ready-to-drink canned beers, hard seltzers and FMBs primarily to beer distributors in the United States. Generally, the Alcohol Brands segment has 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, 2023 and 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2023 2022 2023 2022 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks 1 ​ $ 1,708,242 ​ $ 1,502,219 ​ $ 4,956,797 ​ $ 4,444,755 Strategic Brands ​ 98,763 ​ 88,802 ​ 284,810 ​ 260,536 Alcohol Brands 2 ​ ​ 42,326 ​ ​ 26,818 ​ ​ 149,692 ​ ​ 74,472 Other ​ 6,697 ​ 6,447 ​ 18,620 ​ 18,356 Corporate and unallocated ​ — ​ — ​ — ​ — ​ ​ $ 1,856,028 ​ $ 1,624,286 ​ $ 5,409,919 ​ $ 4,798,119 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2023 2022 2023 2022 Operating Income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks 1 ​ $ 603,670 ​ $ 492,534 ​ $ 1,762,410 ​ $ 1,388,815 Strategic Brands ​ 52,730 ​ 47,282 ​ 159,639 ​ 145,977 Alcohol Brands 2 ​ ​ (11,734) ​ ​ (10,262) ​ ​ (25,193) ​ ​ (19,873) Other ​ 1,296 ​ 977 ​ 2,654 ​ 3,138 Corporate and unallocated ​ (135,435) ​ (112,601) ​ (380,114) ​ (327,688) ​ ​ $ 510,527 ​ $ 417,930 ​ $ 1,519,396 ​ $ 1,190,369 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2023 2022 2023 2022 Income before tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks 1 ​ $ 604,688 ​ $ 493,486 ​ $ 1,765,018 ​ $ 1,391,026 Strategic Brands ​ 52,746 ​ 47,319 ​ 159,683 ​ 146,082 Alcohol Brands 2 ​ ​ (11,757) ​ ​ (10,124) ​ ​ (25,208) ​ ​ (19,620) Other ​ 1,315 ​ 977 ​ 2,679 ​ 3,139 Corporate and unallocated ​ (65,108) ​ (111,579) ​ (283,766) ​ (342,190) ​ ​ $ 581,884 ​ $ 420,079 ​ $ 1,618,406 ​ $ 1,178,437 ​ (1) Includes $10.0 million for both the three-months ended September 30, 2023 and 2022 related to the recognition of deferred revenue. Includes $ 30.0 million for both the nine-months ended September 30, 2023 and 2022 related to the recognition of deferred revenue. (2) For the 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, ​ 2023 2022 2023 2022 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 10,023 ​ $ 7,773 ​ $ 27,830 ​ $ 24,035 Strategic Brands ​ 199 ​ 234 ​ 616 ​ 709 Alcohol Brands ​ ​ 3,816 ​ ​ 3,713 ​ ​ 11,973 ​ ​ 9,679 Other ​ 50 ​ 1,121 ​ 1,224 ​ 3,345 Corporate and unallocated ​ 3,891 ​ 2,768 ​ 8,721 ​ 8,272 ​ ​ $ 17,979 ​ $ 15,609 ​ $ 50,364 ​ $ 46,040 ​ Corporate and unallocated expenses for the three-months ended September 30, 2023 include $82.7 million of payroll costs, of which $17.4 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $27.3 million attributable to professional service expenses, including accounting and legal costs, and $25.4 million of other operating expenses. 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 nine-months ended September 30, 2023 include $245.5 million of payroll costs, of which $51.1 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $74.7 million attributable to professional service expenses, including accounting and legal costs, and $59.9 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. Coca-Cola Europacific Partners accounted for approximately 14% and 12% of the Company’s net sales for the three-months ended September 30, 2023 and 2022, respectively. Coca-Cola Europacific Partners accounted for approximately 13% of the Company’s net sales for both the nine-months ended September 30, 2023 and 2022. Coca-Cola Consolidated, Inc. accounted for approximately 10% and 11% of the Company’s net sales for the three-months ended September 30, 2023 and 2022, respectively. Coca-Cola Consolidated, Inc. accounted for approximately 10% of the Company’s net sales for both the nine-months ended September 30, 2023 and 2022. Reyes Holdings, LLC accounted for approximately 9% and 10% of the Company’s net sales for the three-months ended September 30, 2023 and 2022, respectively. Reyes Holdings, LLC accounted for approximately 9% and 10% of the Company’s net sales for the nine-months ended September 30, 2023 and 2022, respectively. Net sales to customers outside the United States amounted to $733.7 million and $610.6 million for the three-months ended September 30, 2023 and 2022, respectively. Such sales were approximately 40% and 38% of net sales for the three-months ended September 30, 2023 and 2022, respectively. Net sales to customers outside the United States amounted to $2.07 billion and $1.81 billion for the nine-months ended September 30, 2023 and 2022, respectively. Such sales were approximately 38% of net sales for both the nine-months ended September 30, 2023 and 2022. Goodwill and other intangible assets for the Company’s reportable segments as of September 30, 2023 and December 31, 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ 2023 2022 Goodwill and other intangible assets: ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 1,667,462 ​ $ 1,424,212 Strategic Brands ​ 982,311 ​ 979,896 Alcohol Brands ​ ​ 227,615 ​ ​ 233,140 Other ​ — ​ 1,103 ​ ​ $ 2,877,388 ​ $ 2,638,351 ​

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2023
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 $21.4 million and $12.8 million for the three-months ended September 30, 2023 and 2022, 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 $55.2 million and $41.3 million for the nine-months ended September 30, 2023 and 2022, respectively, and are included as a reduction to net sales. TCCC commissions, based on sales to TCCC independent bottlers/distributors, were $8.8 million and $5.5 million for the three-months ended September 30, 2023 and 2022, respectively, and are included in operating expenses. TCCC commissions, based on sales to TCCC independent bottlers/distributors, were $25.7 million and $24.4 million for the nine-months ended September 30, 2023 and 2022, respectively, and are included in operating expenses. Net sales to the TCCC Subsidiaries for the three-months ended September 30, 2023 and 2022 were $40.2 million and $36.6 million, respectively. Net sales to the TCCC Subsidiaries for the nine-months ended September 30, 2023 and 2022 were $108.4 million and $95.0 million, respectively. The Company also purchases concentrates from TCCC, which are then sold to certain of the Company’s bottlers/distributors. Concentrate purchases from TCCC were $7.8 million and $6.5 million for the three-months ended September 30, 2023 and 2022, respectively. Concentrate purchases from TCCC were $22.5 million and $21.5 million for the nine-months ended September 30, 2023 and 2022, respectively. Certain TCCC Subsidiaries also contract manufacture certain of the Company’s energy drinks. Such contract manufacturing expenses were $10.1 million and $9.1 million for the three-months ended September 30, 2023 and 2022, respectively. Such contract manufacturing expenses were $25.1 million and $23.1 million for the nine-months ended September 30, 2023 and 2022, respectively. Accounts receivable, accounts payable, accrued promotional allowances and accrued liabilities related to the TCCC Subsidiaries were as follows at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2023 2022 Accounts receivable, net ​ $ 138,987 ​ $ 88,169 Accounts payable ​ $ (49,937) ​ $ (35,467) Accrued promotional allowances ​ $ (13,256) ​ $ (11,222) Accrued liabilities ​ $ (21,789) ​ $ (14,733) ​ 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, 2023 and 2022 were $0.9 million and $1.3 million, respectively. Expenses incurred with such company in connection with promotional materials purchased during the nine-months ended September 30, 2023 and 2022 were $3.0 million and $4.7 million, respectively. The Company occasionally charters 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 is accompanied by guests and other Company personnel when using such aircraft for business travel. During the three-months ended September 30, 2023, the Company incurred costs of $0.10 million, amounts the Company believes is commensurate with market rates for comparable travel. No amounts were incurred during the three-months ended September 30, 2022. During the nine-months ended September 30, 2023 and 2022, the Company incurred costs of $0.13 million and $0.08 million, respectively, amounts the Company believes is commensurate with market rates for comparable travel. 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.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2023
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, 2022.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Sep. 30, 2023
ACQUISITIONS
Summary of the preliminary fair value allocations	​ ​ ​ ​ ​ ​ ​ ​ ​ Identifiable ​ ​ ​ ​ ​ Assets Acquired ​ ​ ​ ​ ​ and (Liabilities) ​ Consideration ​ ​ Assumed ​ Transferred Intangibles - trademarks (non-amortizing) ​ $ 209,000 ​ $ — Intangibles - customer relationships (amortizing) ​ 23,000 ​ — Property and equipment, net ​ 143,200 ​ — Inventory ​ 30,496 ​ — Right-of -use assets ​ 12,523 ​ — Operating lease liabilities ​ (12,523) ​ — Working capital (excluding inventory) ​ 2,871 ​ — Other ​ 200 ​ — Cash ​ — ​ 363,385 Bang Transaction Gain ​ — ​ 45,382 Total ​ $ 408,767 ​ $ 408,767

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	9 Months Ended
	Sep. 30, 2023
REVENUE RECOGNITION
Schedule of disaggregation of revenue by geographical markets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asia Pacific ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ (including ​ and ​ ​ Net Sales Canada EMEA 1 Oceania) Caribbean Total Monster Energy® Drinks ​ $ 1,069,856 ​ $ 355,898 ​ $ 118,869 ​ $ 163,618 ​ $ 1,708,241 Strategic Brands ​ 50,084 ​ 35,985 ​ 8,398 ​ 4,296 ​ 98,763 Alcohol Brands ​ ​ 42,326 ​ ​ — ​ ​ — ​ ​ — ​ ​ 42,326 Other ​ 6,698 ​ — ​ — ​ — ​ 6,698 Total Net Sales ​ $ 1,168,964 ​ $ 391,883 ​ $ 127,267 ​ $ 167,914 ​ $ 1,856,028 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asia Pacific ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ (including ​ and ​ ​ ​ Net Sales Canada EMEA 1 Oceania) 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 ​ 1 Europe, Middle East and Africa (“EMEA”) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months Ended September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asia Pacific ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ (including ​ and ​ ​ ​ Net Sales Canada EMEA 1 Oceania) Caribbean Total Monster Energy® Drinks ​ $ 3,160,071 ​ $ 972,531 ​ $ 379,342 ​ $ 444,854 ​ $ 4,956,798 Strategic Brands ​ 140,353 ​ 108,986 ​ 25,209 ​ 10,263 ​ 284,811 Alcohol Brands ​ 149,692 ​ — ​ — ​ — ​ 149,692 Other ​ 18,618 ​ — ​ — ​ — ​ 18,618 Total Net Sales ​ $ 3,468,734 ​ $ 1,081,517 ​ $ 404,551 ​ $ 455,117 ​ $ 5,409,919 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months Ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asia Pacific ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ (including ​ and ​ ​ ​ Net Sales Canada EMEA 1 Oceania) 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 ​ 1 Europe, Middle East and Africa (“EMEA”) 2 Effectively from February 17, 2022 to September 30, 2022

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2023
LEASES
Schedule of lease cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, ​ Nine-Months Ended September 30, ​ 2023 2022 2023 2022 Operating lease cost ​ $ 2,968 ​ $ 2,306 ​ $ 8,051 ​ $ 6,238 Short-term lease cost ​ 2,209 ​ 1,001 ​ 4,258 ​ 2,870 Variable lease cost ​ 295 ​ 189 ​ 736 ​ 567 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets ​ 383 ​ 140 ​ 708 ​ 415 Interest on lease liabilities ​ 88 ​ 8 ​ 146 ​ 18 Finance lease cost ​ 471 ​ 148 ​ 854 ​ 433 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total lease cost ​ $ 5,943 ​ $ 3,644 ​ $ 13,899 ​ $ 10,108
Schedule of supplemental cash flow information related to leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months Ended September 30, ​ 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash outflows from operating leases ​ $ 7,600 ​ $ 5,859 Operating cash outflows from finance leases ​ ​ 146 ​ ​ 18 Financing cash outflows from finance leases ​ ​ 3,660 ​ ​ 1,678 ​ ​ ​ ​ ​ ​ ​ Right-of-use assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ Finance leases ​ ​ 10,120 ​ ​ 1,654 Operating leases ​ ​ 15,944 ​ ​ 20,093
Schedule of ROU assets for operating and finance leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ Balance Sheet Location ​ 2023 ​ 2022 Operating leases: ​ ​ Right-of-use assets Other assets ​ $ 47,160 ​ $ 38,012 ​ ​ ​ ​ ​ ​ ​ ​ ​ Current lease liabilities Accrued liabilities ​ $ 9,119 ​ $ 7,747 Noncurrent lease liabilities Other liabilities ​ 38,111 ​ 29,586 Total operating lease liabilities ​ $ 47,230 ​ $ 37,333 ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ Right-of-use assets Property and equipment, net ​ $ 9,824 ​ $ 1,598 ​ ​ ​ ​ ​ ​ ​ ​ ​ Current lease liabilities Accrued liabilities ​ $ 7,232 ​ $ 757 Noncurrent lease liabilities Other liabilities ​ 24 ​ 41 Total finance lease liabilities ​ $ 7,256 ​ $ 798
Schedule of weighted-average remaining lease terms and weighted-average discount rates	​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 December 31, 2022 ​ Weighted-average remaining lease term in years: ​ ​ ​ ​ ​ Operating leases ​ 6.5 6.7 ​ Finance leases ​ 0.8 ​ 0.8 ​ ​ ​ ​ ​ ​ ​ Weighted-average discount rate: ​ ​ ​ ​ ​ Operating leases ​ 4.0 % 3.4 % Finance leases ​ 6.2 % 3.6 % ​
Schedule of outlines maturities of the Company's lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases Finance Leases 2023 (from October 1, 2023 to December 31, 2023) ​ $ 2,512 ​ $ 2,619 2024 ​ 10,271 ​ 4,814 2025 ​ 8,183 ​ 17 2026 ​ 6,978 ​ 2 2027 ​ ​ 6,754 ​ ​ — 2028 and thereafter ​ 19,254 ​ — Total lease payments ​ 53,952 ​ 7,452 Less imputed interest ​ (6,722) ​ (196) Total ​ $ 47,230 ​ $ 7,256 ​

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 270,002 ​ $ — ​ $ 2 ​ $ 270,000 ​ $ 2 ​ $ — Certificates of deposit ​ ​ 15,366 ​ ​ — ​ ​ — ​ ​ 15,366 ​ ​ — ​ ​ — Municipal securities ​ 29,862 ​ ​ — ​ ​ 29 ​ ​ 29,833 ​ ​ 29 ​ ​ — U.S. government agency securities ​ 153,356 ​ 8 ​ 311 ​ 153,053 ​ 311 ​ — U.S. treasuries ​ ​ 536,966 ​ 9 ​ 1,234 ​ 535,741 ​ 1,234 ​ — Corporate bonds ​ ​ 233,328 ​ ​ 5 ​ ​ 574 ​ ​ 232,759 ​ ​ 574 ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency securities ​ ​ 11,489 ​ ​ — ​ ​ 12 ​ ​ 11,477 ​ ​ 12 ​ ​ — U.S. treasuries ​ ​ 30,364 ​ ​ 3 ​ ​ 29 ​ ​ 30,338 ​ ​ 29 ​ ​ — Corporate bonds ​ ​ 10,845 ​ ​ — ​ ​ 24 ​ ​ 10,821 ​ ​ 24 ​ ​ — Total ​ $ 1,291,578 ​ $ 25 ​ $ 2,215 ​ $ 1,289,388 ​ $ 2,215 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous ​ Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than 12 December 31, 2022 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 197,712 ​ $ 1 ​ $ 4 ​ $ 197,709 ​ $ 4 ​ $ — Certificates of deposit ​ ​ 10,078 ​ ​ — ​ ​ — ​ ​ 10,078 ​ ​ — ​ ​ — Municipal securities ​ 211,791 ​ 60 ​ 612 ​ 211,239 ​ 612 ​ — U.S. government agency securities ​ 109,697 ​ 3 ​ 715 ​ 108,985 ​ 715 ​ — U.S. treasuries ​ ​ 838,825 ​ ​ 17 ​ ​ 4,539 ​ ​ 834,303 ​ ​ 4,539 ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency securities ​ ​ 2,016 ​ ​ — ​ ​ 3 ​ ​ 2,013 ​ ​ 3 ​ ​ — U.S. treasuries ​ ​ 53,215 ​ ​ 20 ​ ​ 71 ​ ​ 53,164 ​ ​ 71 ​ ​ — Variable rate demand notes ​ ​ 6,266 ​ ​ — ​ ​ — ​ ​ 6,266 ​ ​ — ​ ​ — Total ​ $ 1,429,600 ​ $ 101 ​ $ 5,944 ​ $ 1,423,757 ​ $ 5,944 ​ $ — ​
Summary of the underlying contractual maturities of investments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ December 31, 2022 ​ Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 270,002 ​ $ 270,000 $ 197,712 ​ $ 197,710 Municipal securities ​ 29,862 ​ 29,833 211,791 ​ 211,239 U.S. government agency securities ​ 153,356 ​ 153,053 109,697 ​ 108,985 Certificates of deposit ​ 15,366 ​ 15,366 10,078 ​ 10,078 U.S. treasuries ​ ​ 536,966 ​ ​ 535,741 ​ ​ 838,825 ​ ​ 834,302 Corporate bonds ​ ​ 233,328 ​ ​ 232,759 ​ ​ — ​ ​ — Due 1 - 10 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. treasuries ​ ​ 30,364 ​ ​ 30,338 ​ ​ 53,215 ​ ​ 53,164 U.S. government agency securities ​ 11,489 ​ 11,477 2,016 ​ 2,013 Variable rate demand notes ​ ​ — ​ ​ — ​ ​ 4,862 ​ ​ 4,862 Corporate bonds ​ ​ 10,845 ​ ​ 10,821 ​ ​ — ​ ​ — Due 11 - 20 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ — ​ — 1,404 ​ 1,404 Total ​ $ 1,291,578 ​ $ 1,289,388 $ 1,429,600 ​ $ 1,423,757 ​

FAIR VALUE OF CERTAIN FINANCI_2

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2023
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Schedule of financial assets and liabilities recorded at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 Level 1 Level 2 Level 3 Total Cash ​ $ 983,999 ​ $ — ​ $ — ​ $ 983,999 Money market funds ​ 588,799 ​ — ​ — ​ 588,799 Certificates of deposit ​ ​ — ​ ​ 53,784 ​ ​ — ​ ​ 53,784 Commercial paper ​ — ​ 270,000 ​ — ​ 270,000 Corporate bonds ​ ​ — ​ ​ 243,580 ​ ​ — ​ ​ 243,580 Municipal securities ​ — ​ 29,833 ​ — ​ 29,833 U.S. government agency securities ​ — ​ 190,712 ​ — ​ 190,712 U.S. treasuries ​ ​ — ​ ​ 702,530 ​ ​ — ​ ​ 702,530 Foreign currency derivatives ​ — ​ 695 ​ — ​ 695 Commodity derivatives ​ — ​ 3,434 ​ — ​ 3,434 Total ​ $ 1,572,798 ​ $ 1,494,568 ​ $ — ​ $ 3,067,366 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,572,798 ​ $ 201,051 ​ $ — ​ $ 1,773,849 Short-term investments ​ — ​ 1,236,752 ​ — ​ 1,236,752 Accounts receivable, net ​ — ​ 4,887 ​ — ​ 4,887 Other assets ​ ​ — ​ ​ 371 ​ ​ — ​ ​ 371 Investments ​ — ​ 52,636 ​ — ​ 52,636 Accrued liabilities ​ — ​ (1,129) ​ — ​ (1,129) Total ​ $ 1,572,798 ​ $ 1,494,568 ​ $ — ​ $ 3,067,366 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 Level 1 Level 2 Level 3 Total Cash ​ $ 1,132,509 ​ $ — ​ $ — ​ $ 1,132,509 Money market funds ​ 121,444 ​ — ​ — ​ 121,444 Certificates of deposit ​ ​ — ​ ​ 10,078 ​ ​ — ​ ​ 10,078 Commercial paper ​ — ​ 225,067 ​ — ​ 225,067 Variable rate demand notes ​ ​ — ​ ​ 6,266 ​ ​ — ​ ​ 6,266 Municipal securities ​ — ​ 213,798 ​ — ​ 213,798 U.S. government agency securities ​ — ​ 113,357 ​ — ​ 113,357 U.S. treasuries ​ ​ — ​ ​ 908,379 ​ ​ — ​ ​ 908,379 Foreign currency derivatives ​ — ​ (3,733) ​ — ​ (3,733) Total ​ $ 1,253,953 ​ $ 1,473,212 ​ $ — ​ $ 2,727,165 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,253,953 ​ $ 53,188 ​ $ — ​ $ 1,307,141 Short-term investments ​ — ​ 1,362,314 ​ — ​ 1,362,314 Accounts receivable, net ​ — ​ 965 ​ — ​ 965 Investments ​ — ​ 61,443 ​ — ​ 61,443 Accrued liabilities ​ — ​ (4,698) ​ — ​ (4,698) Total ​ $ 1,253,953 ​ $ 1,473,212 ​ $ — ​ $ 2,727,165 ​

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of fair value of derivative instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value ​ ​ September 30, December 31, ​ Derivatives designated as hedging instruments ​ 2023 ​ 2022 ​ Balance Sheet location Assets: ​ ​ ​ Commodity contracts ​ $ 3,273 ​ $ — ​ Accounts receivable, net Commodity contracts ​ $ 371 ​ $ — ​ Other assets Liabilities: ​ ​ ​ Commodity contracts ​ $ (210) ​ $ — ​ Accrued liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value ​ ​ September 30, December 31, ​ Derivatives not designated as hedging instruments ​ 2023 ​ 2022 ​ Balance Sheet location Assets: ​ ​ ​ Foreign currency exchange contracts ​ $ 1,614 ​ $ 965 ​ Accounts receivable, net Liabilities: ​ ​ ​ Foreign currency exchange contracts ​ $ (919) ​ $ (4,698) ​ Accrued liabilities
Schedule of changes in the fair values of derivatives designated as cash flow hedges had on other comprehensive income ("OCI"), AOCI and earnings	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-months ended September 30, 2023 Derivatives ​ ​ ​ Gain (loss) designated as ​ Gain (loss) recognized ​ Location of gain (loss) ​ reclassified from hedging instruments ​ in AOCI ​ recognized in income ​ AOCI into income Commodity contracts ​ $ 4,700 Cost of sales ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-months ended September 30, 2023 Derivatives ​ ​ ​ Gain (loss) designated as ​ Gain (loss) recognized ​ Location of gain (loss) ​ reclassified from hedging instruments ​ in AOCI ​ recognized in income ​ AOCI into income Commodity contracts ​ $ 3,434 Cost of sales ​ $ —
Schedule of net gains (losses) on derivative instruments in the consolidated statements of income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (loss) ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives ​ ​ ​ ​ Three-months ended Derivatives not designated as ​ Location of gain (loss) ​ September 30, ​ September 30, hedging instruments ​ recognized in income on derivatives ​ 2023 ​ 2022 Foreign currency exchange contracts Interest and other income (expense), net ​ $ 5,080 ​ $ 4,631 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gain (loss) ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives ​ ​ ​ ​ Nine-months ended Derivatives not designated as ​ Location of gain (loss) ​ September 30, ​ September 30, hedging instruments ​ recognized in income on derivatives ​ 2023 ​ 2022 Foreign currency exchange contracts Interest and other income (expense), net ​ $ (4,695) ​ $ 1,355

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2023
INVENTORIES
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ 2023 2022 Raw materials ​ $ 355,557 ​ $ 467,392 Work in process ​ ​ 1,768 ​ ​ 1,688 Finished goods ​ 526,257 ​ 466,551 ​ ​ $ 883,582 ​ $ 935,631 ​

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ 2023 2022 Land ​ $ 151,963 ​ $ 139,798 Leasehold improvements ​ 35,531 ​ 31,327 Furniture and fixtures ​ 9,814 ​ 9,286 Office and computer equipment ​ 23,657 ​ 22,386 Computer software ​ 3,693 ​ 5,906 Equipment ​ 360,775 ​ 244,739 Buildings ​ 210,996 ​ 163,885 Vehicles ​ 66,297 ​ 49,175 Assets under construction ​ ​ 138,328 ​ ​ 83,553 ​ ​ 1,001,054 ​ 750,055 Less: accumulated depreciation and amortization ​ (269,846) ​ (233,158) ​ ​ $ 731,208 ​ $ 516,897

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ Alcohol ​ ​ ​ ​ ​ ​ ​ Drinks Brands Brands Other Total Balance at December 31, 2022 ​ $ 693,644 ​ $ 637,999 ​ $ 86,298 ​ $ — ​ $ 1,417,941 Acquisitions ​ — ​ — ​ — ​ — ​ — Balance at September 30, 2023 ​ $ 693,644 ​ $ 637,999 ​ $ 86,298 ​ $ — ​ $ 1,417,941 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​
Schedule of intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ 2023 2022 Amortizing intangibles ​ $ 144,378 ​ $ 121,378 Accumulated amortization ​ (73,007) ​ (68,790) ​ ​ 71,371 ​ 52,588 Non-amortizing intangibles ​ 1,388,076 ​ 1,167,822 ​ ​ $ 1,459,447 ​ $ 1,220,410 ​
Schedule of future estimated amortization expense related to amortizing intangibles	​ ​ ​ ​ ​ 2023 (from October 1, 2023 to December 31, 2023) $ 1,487 2024 ​ ​ 5,948 2025 ​ ​ 5,947 2026 ​ ​ 5,947 2027 ​ ​ 5,946 2028 and thereafter ​ ​ 46,096 ​ ​ $ 71,371 ​

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
	Sep. 30, 2023
ACCUMULATED OTHER COMPREHENSIVE LOSS
Schedule of components of accumulated other comprehensive loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ Net Gains on Currency Gains (Losses) ​ ​ ​ ​ Commodity ​ Translation ​ on Available-for- ​ ​ ​ ​ Derivatives Gains (Losses) Sale Securities Total Balance at December 31, 2022 ​ $ — ​ $ (153,230) ​ $ (5,843) ​ $ (159,073) Other comprehensive income before reclassifications ​ ​ 3,434 ​ (46,074) ​ ​ 3,680 ​ ​ (38,960) Net current-period other comprehensive (loss) gain ​ ​ 3,434 ​ (46,074) ​ ​ 3,680 ​ ​ (38,960) Balance at September 30, 2023 ​ $ 3,434 ​ $ (199,304) ​ $ (2,163) ​ $ (198,033) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ Net Gains on Currency ​ Losses ​ ​ ​ ​ ​ Commodity Translation on Available-for- ​ ​ ​ Derivatives Losses Sale Securities Total Balance at December 31, 2021 ​ $ — ​ $ (68,209) ​ $ (956) ​ $ (69,165) Other comprehensive loss before reclassifications ​ ​ — ​ (147,450) ​ ​ (7,840) ​ ​ (155,290) Net current-period other comprehensive loss ​ ​ — ​ (147,450) ​ ​ (7,840) ​ ​ (155,290) Balance at September 30, 2022 ​ $ — ​ $ (215,659) ​ $ (8,796) ​ $ (224,455) ​

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2023
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, ​ ​ 2023 2022 ​ 2023 2022 ​ Dividend yield ​ 0.0 % 0.0 % 0.0 % 0.0 % Expected volatility ​ 27.0 % 27.6 % 27.6 % 27.7 % Risk-free interest rate ​ 4.2 % 2.8 % 3.7 % 2.1 % Expected term ​ 6.3 years 6.2 years 6.3 years 6.1 years
Schedule of activities with respect to its stock option plans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ ​ Weighted- ​ Average ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ ​ ​ ​ ​ Number of ​ Exercise ​ Contractual ​ ​ ​ ​ ​ Shares (in ​ Price Per ​ Term (in ​ Aggregate Options thousands) Share years) Intrinsic Value Outstanding at January 1, 2023 29,710 ​ $ 26.38 5.0 ​ $ 724,651 Granted 01/01/23 - 03/31/23 3,962 ​ $ 50.82 ​ ​ ​ ​ ​ Granted 04/01/23 - 06/30/23 31 ​ $ 59.36 ​ ​ ​ ​ ​ Granted 07/01/23 - 09/30/23 25 ​ $ 57.71 ​ ​ ​ ​ ​ Exercised (4,218) ​ $ 15.54 ​ ​ ​ ​ ​ Cancelled or forfeited (306) ​ $ 40.05 ​ ​ ​ ​ ​ Outstanding at September 30, 2023 29,204 ​ $ 31.17 5.3 ​ $ 636,250 Vested and expected to vest in the future at September 30, 2023 ​ 28,330 ​ $ 30.77 ​ 5.2 ​ $ 628,547 Exercisable at September 30, 2023 18,467 ​ $ 24.70 3.5 ​ $ 521,638
Schedule of activities with respect to non-vested restricted stock units and performance share units	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average ​ ​ Shares (in ​ Grant-Date ​ thousands) Fair Value Non-vested at January 1, 2023 ​ 2,026 ​ $ 36.27 Granted 01/01/23 - 03/31/23 1 ​ 523 ​ $ 48.49 Granted 04/01/23 - 06/30/23 ​ 22 ​ $ 59.70 Granted 07/01/23 - 09/30/23 ​ 2 ​ $ 56.38 Vested ​ (593) ​ $ 32.82 Forfeited/cancelled ​ (12) ​ $ 32.71 Non-vested at September 30, 2023 ​ 1,968 ​ $ 40.86 ​ 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
	Sep. 30, 2023
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, 2022 ​ $ 3,020 Additions for tax positions related to the current year ​ — Additions for tax positions related to the prior years ​ 738 Decreases for tax positions related to the prior years ​ — Balance at September 30, 2023 ​ $ 3,758

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2023
EARNINGS PER SHARE
Schedule of reconciliation of the weighted average shares used in the basic and diluted earnings per common 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, ​ 2023 2022 2023 2022 Weighted-average shares outstanding: ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ 1,047,015 1,053,594 1,046,337 1,056,526 Dilutive ​ 12,951 13,006 13,472 12,672 Diluted ​ 1,059,966 1,066,600 1,059,809 1,069,198 ​

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2023
SEGMENT INFORMATION
Schedule of net revenues and other financial information by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2023 2022 2023 2022 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks 1 ​ $ 1,708,242 ​ $ 1,502,219 ​ $ 4,956,797 ​ $ 4,444,755 Strategic Brands ​ 98,763 ​ 88,802 ​ 284,810 ​ 260,536 Alcohol Brands 2 ​ ​ 42,326 ​ ​ 26,818 ​ ​ 149,692 ​ ​ 74,472 Other ​ 6,697 ​ 6,447 ​ 18,620 ​ 18,356 Corporate and unallocated ​ — ​ — ​ — ​ — ​ ​ $ 1,856,028 ​ $ 1,624,286 ​ $ 5,409,919 ​ $ 4,798,119 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2023 2022 2023 2022 Operating Income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks 1 ​ $ 603,670 ​ $ 492,534 ​ $ 1,762,410 ​ $ 1,388,815 Strategic Brands ​ 52,730 ​ 47,282 ​ 159,639 ​ 145,977 Alcohol Brands 2 ​ ​ (11,734) ​ ​ (10,262) ​ ​ (25,193) ​ ​ (19,873) Other ​ 1,296 ​ 977 ​ 2,654 ​ 3,138 Corporate and unallocated ​ (135,435) ​ (112,601) ​ (380,114) ​ (327,688) ​ ​ $ 510,527 ​ $ 417,930 ​ $ 1,519,396 ​ $ 1,190,369 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2023 2022 2023 2022 Income before tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks 1 ​ $ 604,688 ​ $ 493,486 ​ $ 1,765,018 ​ $ 1,391,026 Strategic Brands ​ 52,746 ​ 47,319 ​ 159,683 ​ 146,082 Alcohol Brands 2 ​ ​ (11,757) ​ ​ (10,124) ​ ​ (25,208) ​ ​ (19,620) Other ​ 1,315 ​ 977 ​ 2,679 ​ 3,139 Corporate and unallocated ​ (65,108) ​ (111,579) ​ (283,766) ​ (342,190) ​ ​ $ 581,884 ​ $ 420,079 ​ $ 1,618,406 ​ $ 1,178,437 ​ (1) Includes $10.0 million for both the three-months ended September 30, 2023 and 2022 related to the recognition of deferred revenue. Includes $ 30.0 million for both the nine-months ended September 30, 2023 and 2022 related to the recognition of deferred revenue. (2) For the 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, ​ 2023 2022 2023 2022 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 10,023 ​ $ 7,773 ​ $ 27,830 ​ $ 24,035 Strategic Brands ​ 199 ​ 234 ​ 616 ​ 709 Alcohol Brands ​ ​ 3,816 ​ ​ 3,713 ​ ​ 11,973 ​ ​ 9,679 Other ​ 50 ​ 1,121 ​ 1,224 ​ 3,345 Corporate and unallocated ​ 3,891 ​ 2,768 ​ 8,721 ​ 8,272 ​ ​ $ 17,979 ​ $ 15,609 ​ $ 50,364 ​ $ 46,040
Schedule of goodwill and other intangible assets for the reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ 2023 2022 Goodwill and other intangible assets: ​ ​ ​ ​ ​ ​ Monster Energy® Drinks ​ $ 1,667,462 ​ $ 1,424,212 Strategic Brands ​ 982,311 ​ 979,896 Alcohol Brands ​ ​ 227,615 ​ ​ 233,140 Other ​ — ​ 1,103 ​ ​ $ 2,877,388 ​ $ 2,638,351 ​

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2023
RELATED PARTY TRANSACTIONS
Schedule of related party transactions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2023 2022 Accounts receivable, net ​ $ 138,987 ​ $ 88,169 Accounts payable ​ $ (49,937) ​ $ (35,467) Accrued promotional allowances ​ $ (13,256) ​ $ (11,222) Accrued liabilities ​ $ (21,789) ​ $ (14,733)

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) shares in Millions, $ in Millions	Mar. 10, 2023 USD ($) shares	Feb. 28, 2023
BASIS OF PRESENTATION
Stock split ratio		2
Stock dividend (in percent)		100%
Treasury stock
BASIS OF PRESENTATION
Number of shares retired | shares	170
Carrying value of shares retired | $	$ 4,690

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
ACQUISITIONS
Settlement of a pre-existing relationship		$ 45,382
Bang Energy
ACQUISITIONS
Total		408,767
Cash		363,385
Settlement of a pre-existing relationship	$ 45,400	45,382
Acquisition costs incurred	$ 8,000	$ 15,100

ACQUISITIONS - preliminary fair

ACQUISITIONS - preliminary fair value allocation (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)
ACQUISITIONS
Bang Transaction Gain		$ 45,382
Bang Energy
ACQUISITIONS
Intangibles - trademarks (non-amortizing)	$ 209,000	209,000
Intangibles - customer relationships (amortizing)	23,000	23,000
Property and equipment, net	143,200	143,200
Inventory	30,496	30,496
Right-of -use assets	12,523	12,523
Operating lease liabilities	(12,523)	(12,523)
Working capital (excluding inventory)	2,871	2,871
Other	200	200
Cash		363,385
Bang Transaction Gain	45,400	45,382
Total	$ 408,767	408,767
Total		$ 408,767

REVENUE RECOGNITION - (Details)

REVENUE RECOGNITION - (Details)	9 Months Ended
	Sep. 30, 2023 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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
REVENUE RECOGNITION
Total Net Sales	$ 1,856,028	$ 1,624,286	$ 5,409,919	$ 4,798,119
U.S. and Canada
REVENUE RECOGNITION
Total Net Sales	1,168,964	1,060,242	3,468,734	3,110,579
EMEA
REVENUE RECOGNITION
Total Net Sales	391,883	320,642	1,081,517	949,717
Asia Pacific
REVENUE RECOGNITION
Total Net Sales	127,267	109,093	404,551	350,575
Latin America and Caribbean
REVENUE RECOGNITION
Total Net Sales	167,914	134,309	455,117	387,248
Monster Energy Drinks
REVENUE RECOGNITION
Total Net Sales	1,708,241	1,502,219	4,956,798	4,444,755
Monster Energy Drinks | U.S. and Canada
REVENUE RECOGNITION
Total Net Sales	1,069,856	982,952	3,160,071	2,882,306
Monster Energy Drinks | EMEA
REVENUE RECOGNITION
Total Net Sales	355,898	288,077	972,531	857,805
Monster Energy Drinks | Asia Pacific
REVENUE RECOGNITION
Total Net Sales	118,869	100,288	379,342	327,632
Monster Energy Drinks | Latin America and Caribbean
REVENUE RECOGNITION
Total Net Sales	163,618	130,902	444,854	377,012
Strategic Brands
REVENUE RECOGNITION
Total Net Sales	98,763	88,802	284,811	260,536
Strategic Brands | U.S. and Canada
REVENUE RECOGNITION
Total Net Sales	50,084	44,025	140,353	135,445
Strategic Brands | EMEA
REVENUE RECOGNITION
Total Net Sales	35,985	32,565	108,986	91,912
Strategic Brands | Asia Pacific
REVENUE RECOGNITION
Total Net Sales	8,398	8,805	25,209	22,943
Strategic Brands | Latin America and Caribbean
REVENUE RECOGNITION
Total Net Sales	4,296	3,407	10,263	10,236
Alcohol Brands
REVENUE RECOGNITION
Total Net Sales	42,326	26,818	149,692	74,472
Alcohol Brands | U.S. and Canada
REVENUE RECOGNITION
Total Net Sales	42,326	26,818	149,692	74,472
Alcohol Brands | EMEA
REVENUE RECOGNITION
Total Net Sales	0	0	0	0
Alcohol Brands | Asia Pacific
REVENUE RECOGNITION
Total Net Sales	0	0	0	0
Alcohol Brands | Latin America and Caribbean
REVENUE RECOGNITION
Total Net Sales	0	0	0	0
Other
REVENUE RECOGNITION
Total Net Sales	6,698	6,447	18,618	18,356
Other | U.S. and Canada
REVENUE RECOGNITION
Total Net Sales	6,698	6,447	18,618	18,356
Other | EMEA
REVENUE RECOGNITION
Total Net Sales	0	0	0	0
Other | Asia Pacific
REVENUE RECOGNITION
Total Net Sales	0	0	0	0
Other | Latin America and Caribbean
REVENUE RECOGNITION
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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Contract Liabilities
Deferred revenue	$ 249.3		$ 249.3		$ 267.1
Deferred revenue recognized in net sales	$ 10	$ 10	$ 30	$ 30

LEASES - Lease Terms (Details)

LEASES - Lease Terms (Details)	9 Months Ended
	Sep. 30, 2023
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)	11 years
Finance leases, lease term (in years)	11 years
Operating leases, renewal lease term (in years)	5 years
Finance leases, renewal lease term (in years)	5 years
Operating leases, termination period (in years)	1 year
Finance leases, termination period (in years)	1 year

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
LEASES
Operating lease cost	$ 2,968	$ 2,306	$ 8,051	$ 6,238
Short-term lease cost	2,209	1,001	4,258	2,870
Variable lease cost	295	189	736	567
Finance leases:
Amortization of right-of-use assets	383	140	708	415
Interest on lease liabilities	88	8	146	18
Finance lease cost	471	148	854	433
Total lease cost	$ 5,943	$ 3,644	$ 13,899	$ 10,108

LEASES - Supplemental cash flow

LEASES - Supplemental cash flow information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 7,600	$ 5,859
Operating cash outflows from finance leases	146	18
Financing cash outflows from finance leases	3,660	1,678
Right-of-use assets obtained in exchange for lease obligations:
Finance leases	10,120	1,654
Operating leases	$ 15,944	$ 20,093

LEASES - Supplemental balance s

LEASES - Supplemental balance sheet information (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Operating leases:
Right-of-use assets	$ 47,160	$ 38,012
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent	Other Assets, Noncurrent
Current lease liabilities	$ 9,119	$ 7,747
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current	Accrued Liabilities, Current
Noncurrent lease liabilities	$ 38,111	$ 29,586
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Total operating lease liabilities	$ 47,230	$ 37,333
Finance leases:
Right-of-use assets	$ 9,824	$ 1,598
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
Current lease liabilities	$ 7,232	$ 757
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Noncurrent lease liabilities	$ 24	$ 41
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Total finance lease liabilities	$ 7,256	$ 798

LEASES - Weighted-average remai

LEASES - Weighted-average remaining lease term and weighted-average discount rate (Details)	Sep. 30, 2023	Dec. 31, 2022
LEASES
Weighted-average remaining lease term (years), Operating Leases	6 years 6 months	6 years 8 months 12 days
Weighted-average remaining lease term (years), Finance Leases	9 months 18 days	9 months 18 days
Weighted-average discount rate, Operating Leases	0.04%	0.034%
Weighted-average discount rate, Finance Leases	0.062%	0.036%

LEASES - Maturities of the comp

LEASES - Maturities of the company's lease liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Operating Leases
2023 (from October 1, 2023 to December 31, 2023)	$ 2,512
2024	10,271
2025	8,183
2026	6,978
2027	6,754
2028 and thereafter	19,254
Total lease payments	53,952
Less imputed interest	(6,722)
Total operating lease liabilities	47,230	$ 37,333
Finance Leases
2023 (from October 1, 2023 to December 31, 2023)	2,619
2024	4,814
2025	17
2026	2
2027	0
2028 and thereafter	0
Total lease payments	7,452
Less imputed interest	(196)
Total finance lease liabilities	$ 7,256	$ 798
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current	Accrued Liabilities, Current
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Available-for-sale
Amortized Cost	$ 1,291,578	$ 1,429,600
Gross Unrealized Holding Gains	25	101
Gross Unrealized Holding Losses	2,215	5,944
Fair Value	1,289,388	1,423,757
Continuous Unrealized Loss Position less than 12 Months	2,215	5,944
Continuous Unrealized Loss Position greater than 12 Months	0	0
Short-term | Commercial paper
Available-for-sale
Amortized Cost	270,002	197,712
Gross Unrealized Holding Gains	0	1
Gross Unrealized Holding Losses	2	4
Fair Value	270,000	197,709
Continuous Unrealized Loss Position less than 12 Months	2	4
Continuous Unrealized Loss Position greater than 12 Months	0	0
Short-term | Certificates of deposit
Available-for-sale
Amortized Cost	15,366	10,078
Gross Unrealized Holding Gains	0	0
Gross Unrealized Holding Losses	0	0
Fair Value	15,366	10,078
Continuous Unrealized Loss Position less than 12 Months	0	0
Continuous Unrealized Loss Position greater than 12 Months	0	0
Short-term | Municipal securities
Available-for-sale
Amortized Cost	29,862	211,791
Gross Unrealized Holding Gains	0	60
Gross Unrealized Holding Losses	29	612
Fair Value	29,833	211,239
Continuous Unrealized Loss Position less than 12 Months	29	612
Continuous Unrealized Loss Position greater than 12 Months	0	0
Short-term | U.S. government agency securities
Available-for-sale
Amortized Cost	153,356	109,697
Gross Unrealized Holding Gains	8	3
Gross Unrealized Holding Losses	311	715
Fair Value	153,053	108,985
Continuous Unrealized Loss Position less than 12 Months	311	715
Continuous Unrealized Loss Position greater than 12 Months	0	0
Short-term | U.S. treasuries
Available-for-sale
Amortized Cost	536,966	838,825
Gross Unrealized Holding Gains	9	17
Gross Unrealized Holding Losses	1,234	4,539
Fair Value	535,741	834,303
Continuous Unrealized Loss Position less than 12 Months	1,234	4,539
Continuous Unrealized Loss Position greater than 12 Months	0	0
Short-term | Corporate bonds
Available-for-sale
Amortized Cost	233,328
Gross Unrealized Holding Gains	5
Gross Unrealized Holding Losses	574
Fair Value	232,759
Continuous Unrealized Loss Position less than 12 Months	574
Continuous Unrealized Loss Position greater than 12 Months	0
Long-term | U.S. government agency securities
Available-for-sale
Amortized Cost	11,489	2,016
Gross Unrealized Holding Gains	0	0
Gross Unrealized Holding Losses	12	3
Fair Value	11,477	2,013
Continuous Unrealized Loss Position less than 12 Months	12	3
Continuous Unrealized Loss Position greater than 12 Months	0	0
Long-term | U.S. treasuries
Available-for-sale
Amortized Cost	30,364	53,215
Gross Unrealized Holding Gains	3	20
Gross Unrealized Holding Losses	29	71
Fair Value	30,338	53,164
Continuous Unrealized Loss Position less than 12 Months	29	71
Continuous Unrealized Loss Position greater than 12 Months	0	0
Long-term | Corporate bonds
Available-for-sale
Amortized Cost	10,845
Gross Unrealized Holding Gains	0
Gross Unrealized Holding Losses	24
Fair Value	10,821
Continuous Unrealized Loss Position less than 12 Months	24
Continuous Unrealized Loss Position greater than 12 Months	$ 0
Long-term | Variable rate demand notes
Available-for-sale
Amortized Cost		6,266
Gross Unrealized Holding Gains		0
Gross Unrealized Holding Losses		0
Fair Value		6,266
Continuous Unrealized Loss Position less than 12 Months		0
Continuous Unrealized Loss Position greater than 12 Months		$ 0

INVESTMENTS - Maturity Period (

INVESTMENTS - Maturity Period (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
INVESTMENTS
Amortized Cost	$ 1,291,578	$ 1,429,600
Fair Value	1,289,388	1,423,757
Commercial paper | Less than 1 year
INVESTMENTS
Amortized Cost	270,002	197,712
Fair Value	270,000	197,710
Municipal securities | Less than 1 year
INVESTMENTS
Amortized Cost	29,862	211,791
Fair Value	29,833	211,239
U.S. government agency securities | Less than 1 year
INVESTMENTS
Amortized Cost	153,356	109,697
Fair Value	153,053	108,985
U.S. government agency securities | Due 1 - 10 years
INVESTMENTS
Amortized Cost	11,489	2,016
Fair Value	11,477	2,013
Certificates of deposit | Less than 1 year
INVESTMENTS
Amortized Cost	15,366	10,078
Fair Value	15,366	10,078
U.S. treasuries | Less than 1 year
INVESTMENTS
Amortized Cost	536,966	838,825
Fair Value	535,741	834,302
U.S. treasuries | Due 1 - 10 years
INVESTMENTS
Amortized Cost	30,364	53,215
Fair Value	30,338	53,164
Corporate bonds | Less than 1 year
INVESTMENTS
Amortized Cost	233,328	0
Fair Value	232,759	0
Corporate bonds | Due 1 - 10 years
INVESTMENTS
Amortized Cost	10,845	0
Fair Value	10,821	0
Variable rate demand notes | Due 1 - 10 years
INVESTMENTS
Amortized Cost	0	4,862
Fair Value	0	4,862
Variable rate demand notes | Due 11 - 20 years
INVESTMENTS
Amortized Cost	0	1,404
Fair Value	$ 0	$ 1,404

FAIR VALUE OF CERTAIN FINANCI_3

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Net gains on commodity derivatives		$ (1,266)	$ 0	$ 3,434	$ 0
Cash and cash equivalents	$ 1,773,849			1,773,849		$ 1,307,141
Short-term investments	1,236,752			1,236,752		1,362,314
Investments	52,636			52,636		61,443
Asset transfers between Level 1 and Level 2 measurements	0			0		0
Total fair value
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Cash	983,999			983,999		1,132,509
Assets measured at fair value	3,067,366			3,067,366		2,727,165
Fair value liabilities	695			695		(3,733)
Cash and cash equivalents	1,773,849			1,773,849		1,307,141
Short-term investments	1,236,752			1,236,752		1,362,314
Accounts receivable, net	4,887			4,887		965
Other assets	371			371
Investments	52,636			52,636		61,443
Accrued liabilities	(1,129)			(1,129)		(4,698)
Total fair value | Money market funds
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	588,799			588,799		121,444
Total fair value | Certificates of deposit
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	53,784			53,784		10,078
Total fair value | Commercial paper
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	270,000			270,000		225,067
Total fair value | Corporate bonds
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	243,580			243,580
Total fair value | Municipal securities
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	29,833			29,833		213,798
Total fair value | U.S. government agency securities
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	190,712			190,712		113,357
Total fair value | U.S. treasuries
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	702,530			702,530		908,379
Total fair value | Variable rate demand notes
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value						6,266
Total fair value | Commodity contracts
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Fair value liabilities	3,434			3,434
Level 1
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Cash	983,999			983,999		1,132,509
Assets measured at fair value	1,572,798			1,572,798		1,253,953
Fair value liabilities	0			0		0
Cash and cash equivalents	1,572,798			1,572,798		1,253,953
Short-term investments	0			0		0
Accounts receivable, net	0			0		0
Investments	0			0		0
Accrued liabilities	0			0		0
Level 1 | Money market funds
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	588,799			588,799		121,444
Level 1 | Certificates of deposit
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	0			0		0
Level 1 | Commercial paper
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	0			0		0
Level 1 | Corporate bonds
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		0
Level 1 | U.S. government agency securities
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	0			0		0
Level 1 | U.S. treasuries
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	0			0		0
Level 1 | Variable rate demand notes
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value						0
Level 2
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Cash	0			0		0
Assets measured at fair value	1,494,568			1,494,568		1,473,212
Fair value liabilities	695			695		(3,733)
Cash and cash equivalents	201,051			201,051		53,188
Short-term investments	1,236,752			1,236,752		1,362,314
Accounts receivable, net	4,887			4,887		965
Other assets	371			371
Investments	52,636			52,636		61,443
Accrued liabilities	(1,129)			(1,129)		(4,698)
Level 2 | Money market funds
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	0			0		0
Level 2 | Certificates of deposit
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	53,784			53,784		10,078
Level 2 | Commercial paper
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	270,000			270,000		225,067
Level 2 | Corporate bonds
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	243,580			243,580
Level 2 | Municipal securities
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	29,833			29,833		213,798
Level 2 | U.S. government agency securities
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	190,712			190,712		113,357
Level 2 | U.S. treasuries
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	702,530			702,530		908,379
Level 2 | Variable rate demand notes
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value						6,266
Level 2 | Commodity contracts
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Fair value liabilities	3,434			3,434
Level 3
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Cash	0			0		0
Assets measured at fair value	0			0		0
Fair value liabilities	0			0		0
Cash and cash equivalents	0			0		0
Short-term investments	0			0		0
Accounts receivable, net	0			0		0
Investments	0			0		0
Accrued liabilities	0			0		0
Level 3 | Money market funds
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	0			0		0
Level 3 | Certificates of deposit
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	0			0		0
Level 3 | Commercial paper
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	0			0		0
Level 3 | Corporate bonds
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		0
Level 3 | U.S. government agency securities
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	0			0		0
Level 3 | U.S. treasuries
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value	$ 0			$ 0		0
Level 3 | Variable rate demand notes
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Assets measured at fair value						$ 0

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Fair value (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Derivatives designated as hedging instruments | Accounts receivables, net | Commodity contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Fair value assets	$ 3,273
Derivatives designated as hedging instruments | Other assets | Commodity contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Fair value assets	371
Derivatives designated as hedging instruments | Other Liabilities | Commodity contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Fair value liabilities	(210)
Derivatives not designated as hedging instruments | Accounts receivables, net | Foreign currency exchange contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Fair value assets	1,614	$ 965
Derivatives not designated as hedging instruments | Accrued liabilities | Foreign currency exchange contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Fair value liabilities	$ (919)	$ (4,698)

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Hedging designation (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Gain (loss) recognized in AOCI		$ (1,266)	$ 0	$ 3,434	$ 0
Derivatives designated as hedging instruments | Commodity contracts | Cash Flow Hedging
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Notional value	$ 83,800			83,800
Gain (loss) recognized in AOCI	$ 4,700			$ 3,434
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of Goods and Services Sold			Cost of Goods and Services Sold
Amount to be reclassified				$ 3,100

DERIVATIVE INSTRUMENTS AND HE_5

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Non hedging designation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Collateral amount	$ 0		$ 0
Foreign currency exchange contracts | Maximum
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Term of derivative instrument			1 month
Derivatives not designated as hedging instruments | Foreign currency exchange contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Notional value	$ 310,300		$ 310,300		$ 299,800
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)
Amount of loss recognized in income on derivatives	$ 5,080	$ 4,631	$ (4,695)	$ 1,355

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
INVENTORIES
Raw materials	$ 355,557	$ 467,392
Work in process	1,768	1,688
Finished goods	526,257	466,551
Inventories	$ 883,582	$ 935,631

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	$ 1,001,054		$ 1,001,054		$ 750,055
Less: accumulated depreciation and amortization	(269,846)		(269,846)		(233,158)
Property and equipment, net	731,208		731,208		516,897
Total depreciation and amortization expense	16,700	$ 13,600	46,100	$ 40,500
Land
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	151,963		151,963		139,798
Leasehold improvements
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	35,531		35,531		31,327
Furniture and fixtures
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	9,814		9,814		9,286
Office and computer equipment
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	23,657		23,657		22,386
Computer software
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	3,693		3,693		5,906
Equipment
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	360,775		360,775		244,739
Buildings
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	210,996		210,996		163,885
Vehicles
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	66,297		66,297		49,175
Assets under construction
PROPERTY AND EQUIPMENT, NET
Property and equipment, gross	$ 138,328		$ 138,328		$ 83,553

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill, beginning balance	$ 1,417,941	$ 1,331,643
Acquisitions	0	81,298
Goodwill, ending balance	1,417,941	1,412,941
Monster Energy Drinks
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill, beginning balance	693,644	693,644
Acquisitions	0	0
Goodwill, ending balance	693,644	693,644
Strategic Brands
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill, beginning balance	637,999	637,999
Acquisitions	0	0
Goodwill, ending balance	637,999	637,999
Alcohol Brands
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill, beginning balance	86,298	0
Acquisitions	0	81,298
Goodwill, ending balance	86,298	81,298
Other
GOODWILL AND OTHER INTANGIBLE ASSETS
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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
GOODWILL AND OTHER INTANGIBLE ASSETS
Amortizing intangibles	$ 144,378		$ 144,378		$ 121,378
Accumulated amortization	(73,007)		(73,007)		(68,790)
Amortizing intangibles, net	71,371		71,371		52,588
Non-amortizing intangibles	1,388,076		1,388,076		1,167,822
Intangibles, net	1,459,447		1,459,447		$ 1,220,410
Amortization expense	1,300	$ 2,000	4,200	$ 5,600
Impairment charges	$ 0	$ 0	$ 2,800	$ 0
Minimum
GOODWILL AND OTHER INTANGIBLE ASSETS
Useful life of intangible assets	5 years		5 years
Maximum
GOODWILL AND OTHER INTANGIBLE ASSETS
Useful life of intangible assets	15 years		15 years

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization expense (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Future estimated amortization expense related to amortizing intangibles
2023 (from October 1, 2023 to December 31, 2023)	$ 1,487
2024	5,948
2025	5,947
2026	5,947
2027	5,946
2028 and thereafter	46,096
Amortizing intangibles, net	$ 71,371	$ 52,588

DISTRIBUTION AGREEMENTS (Detail

DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
DISTRIBUTION AGREEMENTS
Distribution agreement (in years)			20 years
Revenue recognized	$ 10	$ 10	$ 30	$ 30

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Purchase Commitments (Details) $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($)
COMMITMENTS AND CONTINGENCIES
Aggregate contractual obligations	$ 451.3
Line of credit
COMMITMENTS AND CONTINGENCIES
Amount outstanding	$ 0
Interest rate (as a percent)	5.50%
Maximum borrowing capacity	$ 15
Raw material items
COMMITMENTS AND CONTINGENCIES
Purchase commitments	$ 269.9
Obligation term ( in years)	1 year

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Litigation (Details) - USD ($) $ in Millions				1 Months Ended
	May 25, 2023	Feb. 14, 2023	Sep. 29, 2022	Jun. 30, 2023	Apr. 30, 2022	Sep. 30, 2023	Jun. 28, 2023	Dec. 31, 2022
COMMITMENTS AND CONTINGENCIES
Loss contingencies						$ 0.3		$ 0
Amount awarded			$ 293
Amount awarded to the company					$ 175
Percentage of royalty awarded by the court on sales					5%
First royalty payment	$ 3.7	$ 3.6
Threshold amount for allowance of unsecured claims provided by court							$ 422
Amount of one-time payment				$ 12.5
Percentage of royalty				2.50%

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	$ (159,073)	$ (69,165)
Other comprehensive income before reclassifications	(38,960)	(155,290)
Net current-period other comprehensive (loss) gain	(38,960)	(155,290)
Balance at the end of the period	(198,033)	(224,455)
Accumulated Net Gains on Commodity Derivatives
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	0	0
Other comprehensive income before reclassifications	3,434	0
Net current-period other comprehensive (loss) gain	3,434	0
Balance at the end of the period	3,434	0
Currency Translation Gains (Losses)
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	(153,230)	(68,209)
Other comprehensive income before reclassifications	(46,074)	(147,450)
Net current-period other comprehensive (loss) gain	(46,074)	(147,450)
Balance at the end of the period	(199,304)	(215,659)
Unrealized Gains (Losses) on Available-for-Sale Securities
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	(5,843)	(956)
Other comprehensive income before reclassifications	3,680	(7,840)
Net current-period other comprehensive (loss) gain	3,680	(7,840)
Balance at the end of the period	$ (2,163)	$ (8,796)

TREASURY STOCK (Details)

TREASURY STOCK (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands			3 Months Ended	9 Months Ended
	Aug. 04, 2023	Mar. 10, 2023	Sep. 30, 2023	Sep. 30, 2023	Nov. 06, 2023	Nov. 02, 2022	Jun. 14, 2022
Treasury Stock Purchase
Number of shares repurchased of common stock from employees in lieu of cash or withholding taxes due			135
Common stock
Treasury Stock Purchase
Cash payment for repurchase of common stock from employees in lieu of cash or withholding taxes due			$ 7,688
Subsequent event
Treasury Stock Purchase
Share repurchase program, authorized remaining amount					$ 282,800
March 2020 Repurchase Plan
Treasury Stock Purchase
Repurchase price of stock				$ 4,690,000
March 2020 Repurchase Plan | Maximum
Treasury Stock Purchase
Common stock repurchased (in shares)		170,000
June 2022 Repurchase Plan
Treasury Stock Purchase
Repurchase price of stock			$ 182,800
Average purchase price (in dollars per share)	$ 55.52
June 2022 Repurchase Plan | Common stock
Treasury Stock Purchase
Common stock repurchased (in shares)			3,300
June 2022 Repurchase Plan | Maximum
Treasury Stock Purchase
Share repurchase program, authorized amount							$ 500,000
November 2022 Repurchase Plan
Treasury Stock Purchase
Repurchase price of stock			$ 217,100
Share repurchase program, authorized amount						$ 500,000
Average purchase price (in dollars per share)			$ 54.26
November 2022 Repurchase Plan | Common stock
Treasury Stock Purchase
Common stock repurchased (in shares)			4,000
November 2022 Repurchase Plan | Subsequent event
Treasury Stock Purchase
Share repurchase program, authorized remaining amount					$ 282,800

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) plan	Sep. 30, 2022 USD ($)
STOCK-BASED COMPENSATION
Stock-based compensation plans | plan			2
Compensation expense on share-based plans	$ 17.9	$ 16.6	$ 52.5	$ 49.2
Excess tax benefit realized for tax deductions from non-qualified stock option exercises and disqualifying dispositions of incentive stock options	$ (0.2)	$ 2	$ 29.9	$ 4.6

STOCK-BASED COMPENSATION - Fair

STOCK-BASED COMPENSATION - Fair Value Assumptions (Details) - Employee Stock Option	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
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%	27.60%	27.60%	27.70%
Risk-free interest rate (as a percent)	4.20%	2.80%	3.70%	2.10%
Expected term	6 years 3 months 18 days	6 years 2 months 12 days	6 years 3 months 18 days	6 years 1 month 6 days

STOCK-BASED COMPENSATION - Stoc

STOCK-BASED COMPENSATION - Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			9 Months Ended	12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Restricted Stock Units, and Performance Share Units
Stock options, Number of Shares
Vested and expected to vest in the future at the end of the period (in shares)	1,900			1,900
Employee Stock Option
Stock options, Number of Shares
Balance at the beginning of the period (in shares)			29,710	29,710
Granted (in shares)	25	31	3,962
Exercised (in shares)				(4,218)
Cancelled or forfeited (in shares)				(306)
Balance at the end of the period (in shares)	29,204			29,204	29,710
Vested and expected to vest in the future at the end of the period (in shares)	28,330			28,330
Exercisable at the end of the period (in shares)	18,467			18,467
Stock options, Weighted-Average Exercise Price Per Share
Balance at the beginning of the period (in dollars per share)			$ 26.38	$ 26.38
Granted (in dollars per share)	$ 57.71	$ 59.36	$ 50.82
Exercised (in dollars per share)				15.54
Cancelled or forfeited (in dollars per share)				40.05
Balance at the end of the period (in dollars per share)	31.17			31.17	$ 26.38
Vested and expected to vest in the future at the end of the period (in dollars per share)	30.77			30.77
Exercisable at the end of the period (in dollars per share)	$ 24.70			$ 24.70
Weighted-Average Remaining Contractual Term (in years)
Weighted-Average Remaining Contractual Terms (in years)				5 years 3 months 18 days	5 years
Vested and expected to vest in the future at the end of the period				5 years 2 months 12 days
Exercisable at the end of the period				3 years 6 months
Aggregate Intrinsic Value
Balance at the beginning of the period			$ 724,651	$ 724,651
Balance at the end of the period	$ 636,250			636,250	$ 724,651
Vested and expected to vest in the future at the end of the period	628,547			628,547
Exercisable at the end of the period	$ 521,638			$ 521,638

STOCK-BASED COMPENSATION - Equi

STOCK-BASED COMPENSATION - Equity Awards (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended				9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Employee Stock Option
STOCK-BASED COMPENSATION
Weighted-average grant-date fair value of options granted (in dollars per share)	$ 21.01			$ 15.97	$ 18.27	$ 11.68
Total intrinsic value of options exercised	$ 7.1			$ 15.3	$ 164.9	$ 38.2
Cash received from option exercises	$ 5.9			$ 12.1	$ 65.6	$ 34.8
Stock units expected to vest (in shares)	28,330				28,330
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 106.2				$ 106.2
Cost expected to be recognized over a weighted-average period					3 years 2 months 12 days
Restricted Stock Units, and Performance Share Units
STOCK-BASED COMPENSATION
Stock units expected to vest (in shares)	1,900				1,900
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 39.5				$ 39.5
Cost expected to be recognized over a weighted-average period					1 year 4 months 24 days
Number of Shares
Non-vested at the beginning of the period (in shares)			2,026		2,026
Granted (in shares)	2	22	523
Vested (in shares)					(593)
Forfeited/cancelled (in shares)					(12)
Non-vested at the end of the period (in shares)	1,968				1,968
Weighted Average Grant-Date Fair Value
Non-vested at the beginning of the period (in dollars per share)			$ 36.27		$ 36.27
Granted (in dollars per share)	$ 56.38	$ 59.70	$ 48.49
Vested (in dollars per share)					32.82
Forfeited/cancelled (in dollars per share)					32.71
Non-vested at the end of the period (in dollars per share)	40.86				40.86
Restricted Stock Units, and/or Performance Share Units
STOCK-BASED COMPENSATION
Weighted-average grant-date fair value of options granted (in dollars per share)	$ 56.38			$ 47.59	$ 51.22	$ 37.12
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	$ 1.2				$ 1.2
Cost expected to be recognized over a weighted-average period					1 year 7 months 6 days

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefit Rollforward (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Gross Unrecognized Tax Benefits , roll forward
Balance at the beginning of the period	$ 3,020
Additions for tax positions related to the current year	0
Additions for tax positions related to the prior years	738
Decreases for tax positions related to the prior years	0
Balance at the end of the period	3,758
Accrued interest and penalties related to unrecognized tax benefits	$ 700

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Weighted-average shares outstanding:
Basic	1,047,015	1,053,594	1,046,337	1,056,526
Dilutive	12,951	13,006	13,472	12,672
Diluted	1,059,966	1,066,600	1,059,809	1,069,198
Totaling options and awards outstanding (in shares)	4,100	7,000	3,100	5,800

SEGMENT INFORMATION - Net Reven

SEGMENT INFORMATION - Net Revenues (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) segment	Sep. 30, 2022 USD ($)
SEGMENT INFORMATION
Number of reportable segments | segment			4
Number of operating segments | segment			4
Net Sales	$ 1,856,028	$ 1,624,286	$ 5,409,919	$ 4,798,119
Operating Income	510,527	417,930	1,519,396	1,190,369
Income before tax	581,884	420,079	1,618,406	1,178,437
Recognition of deferred revenue	10,000	10,000	30,000	30,000
Corporate and Unallocated
SEGMENT INFORMATION
Net Sales	0	0	0	0
Operating Income	(135,435)	(112,601)	(380,114)	(327,688)
Income before tax	(65,108)	(111,579)	(283,766)	(342,190)
Monster Energy Drinks
SEGMENT INFORMATION
Net Sales	1,708,241	1,502,219	4,956,798	4,444,755
Monster Energy Drinks | Operating segment
SEGMENT INFORMATION
Net Sales	1,708,242	1,502,219	4,956,797	4,444,755
Operating Income	603,670	492,534	1,762,410	1,388,815
Income before tax	604,688	493,486	1,765,018	1,391,026
Recognition of deferred revenue	10,000	10,000	30,000	30,000
Strategic Brands
SEGMENT INFORMATION
Net Sales	98,763	88,802	284,811	260,536
Strategic Brands | Operating segment
SEGMENT INFORMATION
Net Sales	98,763	88,802	284,810	260,536
Operating Income	52,730	47,282	159,639	145,977
Income before tax	52,746	47,319	159,683	146,082
Alcohol Brands
SEGMENT INFORMATION
Net Sales	42,326	26,818	149,692	74,472
Alcohol Brands | Operating segment
SEGMENT INFORMATION
Net Sales	42,326	26,818	149,692	74,472
Operating Income	(11,734)	(10,262)	(25,193)	(19,873)
Income before tax	(11,757)	(10,124)	(25,208)	(19,620)
Other
SEGMENT INFORMATION
Net Sales	6,698	6,447	18,618	18,356
Other | Operating segment
SEGMENT INFORMATION
Net Sales	6,697	6,447	18,620	18,356
Operating Income	1,296	977	2,654	3,138
Income before tax	$ 1,315	$ 977	$ 2,679	$ 3,139

SEGMENT INFORMATION - Depreciat

SEGMENT INFORMATION - Depreciation and Amortization (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
SEGMENT INFORMATION
Depreciation and amortization	$ 17,979	$ 15,609	$ 50,364	$ 46,040
Corporate and Unallocated
SEGMENT INFORMATION
Depreciation and amortization	3,891	2,768	8,721	8,272
Monster Energy Drinks | Operating segment
SEGMENT INFORMATION
Depreciation and amortization	10,023	7,773	27,830	24,035
Strategic Brands | Operating segment
SEGMENT INFORMATION
Depreciation and amortization	199	234	616	709
Alcohol Brands | Operating segment
SEGMENT INFORMATION
Depreciation and amortization	3,816	3,713	11,973	9,679
Other | Operating segment
SEGMENT INFORMATION
Depreciation and amortization	$ 50	$ 1,121	$ 1,224	$ 3,345

SEGMENT INFORMATION - Expenses

SEGMENT INFORMATION - Expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
SEGMENT INFORMATION
Stock-based compensation expense	$ 17.9	$ 16.6	$ 52.5	$ 49.2
Corporate and Unallocated
SEGMENT INFORMATION
Payroll costs	82.7	69.4	245.5	207.6
Stock-based compensation expense	17.4	16.2	51.1	48.5
Professional service expenses	27.3	26	74.7	69.3
Other operating expenses	$ 25.4	$ 17.2	$ 59.9	$ 50.8

SEGMENT INFORMATION - Concentra

SEGMENT INFORMATION - Concentration Risk (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
SEGMENT INFORMATION
Net Sales	$ 1,856,028,000	$ 1,624,286,000	$ 5,409,919,000	$ 4,798,119,000
Sales | Outside United States
SEGMENT INFORMATION
Net Sales	$ 733,700,000	$ 610,600,000	$ 2,070,000,000	$ 1,810,000,000
Sales | Customer concentration | Outside United States
SEGMENT INFORMATION
Percentage of net sales	40%	38%	38%	38%
Net Sales			$ 10	$ 10
Coca-Cola Europacific Partners | Sales | Customer concentration
SEGMENT INFORMATION
Percentage of net sales	14%	12%
Coca-Cola Consolidated, Inc | Sales | Customer concentration
SEGMENT INFORMATION
Percentage of net sales	10%	11%	13%	13%
Reyes Coca-Cola Bottling, LLC | Sales | Customer concentration
SEGMENT INFORMATION
Percentage of net sales	9%	10%	9%	10%

SEGMENT INFORMATION - Goodwill

SEGMENT INFORMATION - Goodwill and other intangible assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
SEGMENT INFORMATION
Goodwill and other intangible assets	$ 2,877,388	$ 2,638,351
Monster Energy Drinks | Operating segment
SEGMENT INFORMATION
Goodwill and other intangible assets	1,667,462	1,424,212
Strategic Brands | Operating segment
SEGMENT INFORMATION
Goodwill and other intangible assets	982,311	979,896
Alcohol Brands | Operating segment
SEGMENT INFORMATION
Goodwill and other intangible assets	227,615	233,140
Other | Operating segment
SEGMENT INFORMATION
Goodwill and other intangible assets	$ 0	$ 1,103

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) director	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
RELATED PARTY TRANSACTIONS
Net Sales	$ 1,856,028	$ 1,624,286	$ 5,409,919	$ 4,798,119
Expenses incurred in connection with materials or services provided by a related party	473,236	415,795	1,336,437	1,199,883
Monster Energy Drinks
RELATED PARTY TRANSACTIONS
Net Sales	1,708,241	1,502,219	4,956,798	4,444,755
Related Party | Coca Cola Company
RELATED PARTY TRANSACTIONS
Net Sales	40,200	36,600	108,400	95,000
Purchases from related party	$ 7,800	6,500	$ 22,500	21,500
Related Party | Coca Cola Company | Voting Interests
RELATED PARTY TRANSACTIONS
Related Party Ownership Interest (as a percent)	19.60%		19.60%
Related Party | TCCC Subsidiaries and TCCC Related parties
RELATED PARTY TRANSACTIONS
Commission expenses	$ 21,400	12,800	$ 55,200	41,300
Related Party | TCCC Subsidiaries and TCCC Related parties | Monster Energy Drinks
RELATED PARTY TRANSACTIONS
Contract manufacturing expenses	10,100	9,100	25,100	23,100
Related Party | TCCC Related Parties and TCCC Independent Bottlers | Operating expense
RELATED PARTY TRANSACTIONS
Commission expenses	8,800	5,500	25,700	24,400
Related Party | TCCC Subsidiaries
RELATED PARTY TRANSACTIONS
Accounts receivable, net	138,987		138,987		$ 88,169
Accounts payable	(49,937)		(49,937)		(35,467)
Accrued promotional allowances	(13,256)		(13,256)		(11,222)
Accrued liabilities	(21,789)		(21,789)		$ (14,733)
Director
RELATED PARTY TRANSACTIONS
Business Travelling Expenses	100	0	$ 130	80
Principal Owners
RELATED PARTY TRANSACTIONS
Number of directors | director			1
Expenses incurred in connection with materials or services provided by a related party	$ 900	$ 1,300	$ 3,000	$ 4,700

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	During the three-months ended September 30, 2023, none of the Company’s directors or officers adopted, modified or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement (each as defined in Item 408 of Regulation S-K under the Securities Exchange Act of 1934, as amended).
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false