怪物饮料 2025年季度报告

Form10-Q QuarterlyReportPursuant to Section13 or 15(d)of the Securities Exchange Act of 1934 For the quarterly period endedMarch 31,2025Commission File Number001-18761 MONSTER BEVERAGE CORPORATION(Exact name of registrant as specified in its charter) 47-1809393(I.R.S. EmployerIdentification No.) 1 Monster WayCorona,California92879(Address of principal executive offices) (Zip code)(951)739 - 6200(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13or 15(d)of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period thatthe registrant was required to file such reports), and (2)has been subject to such filing requirements for the past90 days. Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding12 months (or for such shorter period that the registrant was required to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “largeaccelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ Accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use theextended transition period for complying with any new or revised financial accounting standards providedpursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of theExchange Act). The registrant had975,246,159shares of common stock, par value $0.005 per share, outstanding as ofApril 30, 2025. MONSTER BEVERAGE CORPORATION AND SUBSIDIARIESMARCH 31, 2025 INDEX Part I.FINANCIAL INFORMATIONPageNo.Item 1.Condensed Consolidated Financial Statements (Unaudited)Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 20243Condensed Consolidated Statements of Income for the Three-Months Ended March 31,2025 and 20244Condensed Consolidated Statements of Comprehensive Income for the Three-MonthsEnded March 31, 2025 and 20245Condensed Consolidated Statements of Stockholders’ Equity for the Three-Months EndedMarch 31, 2025 and 20246Condensed Consolidated Statements of Cash Flows for the Three-Months Ended March31, 2025 and 20247Notes to Condensed Consolidated Financial Statements9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations30Item 3.Quantitative and Qualitative Disclosures About Market Risk45Item 4.Controls and Procedures46Part II.OTHER INFORMATIONItem 1.Legal Proceedings47Item 1A.Risk Factors47Item 2.Unregistered Sales of Equity Securities and Use of Proceeds47Item 3.Defaults Upon Senior Securities47Item 4.Mine Safety Disclosures47Item 5.Other Information48Item 6.Exhibits48Signatures49 PARTI – FINANCIAL INFORMATION ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) MONSTER BEVERAGE CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOMEFOR THE THREE-MONTHS ENDED MARCH 31, 2025 AND 2024(In Thousands) (Unaudited) MONSTER BEVERAGE CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITYFOR THE THREE-MONTHS ENDED MARCH 31, 2025 AND 2024(In Thousands) (Unaudited) MONSTER BEVERAGE CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFOR THE THREE-MONTHS ENDED MARCH 31, 2025 AND 2024(In Thousands) (Unaudited) MONSTER BEVERAGE CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFOR THETHREE-MONTHS ENDEDMARCH 31, 2025 AND 2024(In Thousands) (Unaudited) (Continued) SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS Included in accrued liabilities as of March 31, 2025 and 2024 were additions to other intangible assets of$5.1million and $11.7million, respectively. Included in accounts payable as of March 31, 2025 and 2024 were property and equipment purchases of$4.0million and $3.2million, respectively. See accompanying notes to condensed consolidated financial statements. MONSTER BEVERAGE CORPORATION AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Tabular Dollars in Thousands, Except Per Share Amounts) (Unaudited) 1.BASIS OF PRESENTATION Reference is made to the Notes to Consolidated Financial Statements, in Monster Beverage Corporationand Subsidiaries (the “Company”) Annual Report on Form 10-K for the year ended December 31, 2024 for asummary of significant accounting policies utilized by the Company and its consolidated subsidiaries and otherdisc