Monster Beverage (MNST) FY2013 results: revenue $2.2 billion, up 9.0% on the year
Monster Beverage Corp. (MNST) reported revenue of $2.2 billion for fiscal 2013, the year ended 31 December 2013, up 9.0% on the year before. Net income was $339 million, down 0.4%, and diluted earnings per share $0.97. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$2.2 billion
+9.0% on the year
FY2008FY2013
Operating margin
25.5%
26.7% a year earlier
FY2008FY2013
Net income
$339 million
-0.4% on the year
FY2008FY2013
Diluted EPS
$0.97
+4.8% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
2,246
2,061
1,703
+9.0%
Cost of revenue
1,073
995
809
+7.9%
Gross profit
1,173
1,066
894
+10.1%
Gross margin
52.2%
51.7%
52.5%
Operating income
573
551
456
+4.0%
Operating margin
25.5%
26.7%
26.8%
Pre-tax income
564
549
457
+2.7%
Income tax
225
209
171
+7.7%
Effective tax rate
39.9%
38.1%
37.4%
Net income
339
340
286
-0.4%
Net margin
15.1%
16.5%
16.8%
Diluted EPS
$0.97
$0.93
$0.77
+4.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
342
288
334
+18.9%
Capital expenditure
40.8
42.9
25.6
-5.1%
Free cash flow
301
245
308
+23.1%
Free cash flow margin
13.4%
11.9%
18.1%
Depreciation and amortisation
22.8
20.6
17.0
+10.7%
Share-based compensation
28.8
28.4
19.4
+1.2%
Buybacks
67.6
728
176
-90.7%
Diluted shares, weighted
347m
366m
373m
-5.3%
Shares outstanding at period end
334m
332m
349m
+0.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
992
644
979
+54.0%
Debt
0.0
0.0
0.0
Other liabilities
428
399
383
+7.3%
Total liabilities and equity
1,421
1,043
1,362
+36.2%
Fixed assets
88.1
69.1
45.2
+27.5%
Intangible assets
65.8
54.6
48.4
+20.4%
Investments
412
118
434
+247.9%
Cash and equivalents
211
223
359
-5.0%
Receivables
292
236
218
+23.6%
Inventory
221
203
156
+9.0%
Other assets
130
139
101
-6.7%
Total assets
1,421
1,043
1,362
+36.2%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.