Monster Beverage (MNST) FY2012 results: revenue $2.1 billion, up 21.0% on the year
Monster Beverage Corp. (MNST) reported revenue of $2.1 billion for fiscal 2012, the year ended 31 December 2012, up 21.0% on the year before. Net income was $340 million, up 18.8%, and diluted earnings per share $0.93. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$2.1 billion
+21.0% on the year
FY2008FY2012
Operating margin
26.7%
26.8% a year earlier
FY2008FY2012
Net income
$340 million
+18.8% on the year
FY2008FY2012
Diluted EPS
$0.93
+21.6% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
2,061
1,703
1,304
+21.0%
Cost of revenue
995
809
624
+23.0%
Gross profit
1,066
894
680
+19.2%
Gross margin
51.7%
52.5%
52.2%
Operating income
551
456
348
+20.6%
Operating margin
26.7%
26.8%
26.7%
Pre-tax income
549
457
349
+20.1%
Income tax
209
171
137
+22.3%
Effective tax rate
38.1%
37.4%
39.3%
Net income
340
286
212
+18.8%
Net margin
16.5%
16.8%
16.3%
Diluted EPS
$0.93
$0.77
$1.14
+21.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
288
334
229
-13.8%
Capital expenditure
42.9
25.6
12.5
+68.0%
Free cash flow
245
308
216
-20.6%
Free cash flow margin
11.9%
18.1%
16.6%
Cash from investing
n/a
n/a
-213
Cash from financing
n/a
n/a
9.2
Depreciation and amortisation
20.6
17.0
11.7
+20.7%
Share-based compensation
28.4
19.4
16.9
+46.3%
Buybacks
728
176
23.5
+312.5%
Diluted shares, weighted
366m
373m
186m
-1.9%
Shares outstanding at period end
332m
349m
178m
-4.9%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
644
979
828
-34.2%
Debt
0.0
0.0
0.0
Other liabilities
399
383
319
+4.1%
Total liabilities and equity
1,043
1,362
1,147
-23.4%
Fixed assets
69.1
45.2
34.6
+53.1%
Intangible assets
54.6
48.4
43.3
+12.9%
Investments
118
434
289
-72.7%
Cash and equivalents
223
359
355
-38.1%
Receivables
236
218
166
+8.2%
Inventory
203
156
153
+30.5%
Other assets
139
101
106
+37.6%
Total assets
1,043
1,362
1,147
-23.4%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.