Monster Beverage (MNST) FY2015 results: revenue $2.7 billion, up 10.5% on the year
Monster Beverage Corp. (MNST) reported revenue of $2.7 billion for fiscal 2015, the year ended 31 December 2015, up 10.5% on the year before. Net income was $547 million, up 13.2%, and diluted earnings per share $1.42. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$2.7 billion
+10.5% on the year
FY2008FY2015
Operating margin
32.8%
30.3% a year earlier
FY2008FY2015
Net income
$547 million
+13.2% on the year
FY2008FY2015
Diluted EPS
$1.42
+2.5% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,723
2,465
2,246
+10.5%
Cost of revenue
1,090
1,125
1,073
-3.1%
Gross profit
1,632
1,340
1,173
+21.8%
Gross margin
60.0%
54.4%
52.2%
Operating income
894
748
573
+19.6%
Operating margin
32.8%
30.3%
25.5%
Pre-tax income
892
746
564
+19.5%
Income tax
345
263
225
+31.3%
Effective tax rate
38.7%
35.2%
39.9%
Net income
547
483
339
+13.2%
Net margin
20.1%
19.6%
15.1%
Diluted EPS
$1.42
$1.39
$0.97
+2.5%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
523
597
342
-12.5%
Capital expenditure
35.6
28.0
40.8
+27.4%
Free cash flow
487
570
301
-14.5%
Free cash flow margin
17.9%
23.1%
13.4%
Cash from investing
400
n/a
n/a
Cash from financing
888
n/a
n/a
Depreciation and amortisation
30.9
25.7
22.8
+20.3%
Share-based compensation
32.7
28.6
28.8
+14.6%
Buybacks
808
8.2
67.6
+9,783.4%
Diluted shares, weighted
385m
349m
347m
+10.5%
Shares outstanding at period end
406m
335m
334m
+21.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
4,809
1,515
992
+217.4%
Debt
0.0
0.0
0.0
Other liabilities
762
424
428
+79.8%
Total liabilities and equity
5,571
1,939
1,421
+187.3%
Fixed assets
97.4
90.2
88.1
+8.0%
Goodwill
1,280
0.0
n/a
Intangible assets
428
50.7
65.8
+743.4%
Investments
760
824
412
-7.8%
Cash and equivalents
2,175
370
211
+487.4%
Receivables
353
280
292
+26.0%
Inventory
156
175
221
-10.6%
Other assets
322
149
130
+116.2%
Total assets
5,571
1,939
1,421
+187.3%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.