Monster Beverage (MNST) FY2016 results: revenue $3.0 billion, up 12.0% on the year
Monster Beverage Corp. (MNST) reported revenue of $3.0 billion for fiscal 2016, the year ended 31 December 2016, up 12.0% on the year before. Net income was $713 million, up 30.4%, and diluted earnings per share $0.59. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$3.0 billion
+12.0% on the year
FY2009FY2016
Operating margin
35.6%
32.8% a year earlier
FY2009FY2016
Net income
$713 million
+30.4% on the year
FY2009FY2016
Diluted EPS
$0.59
-58.1% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
3,049
2,723
2,465
+12.0%
Cost of revenue
1,107
1,090
1,125
+1.6%
Gross profit
1,942
1,632
1,340
+19.0%
Gross margin
63.7%
60.0%
54.4%
Operating income
1,085
894
748
+21.4%
Operating margin
35.6%
32.8%
30.3%
Pre-tax income
1,080
892
746
+21.1%
Income tax
367
345
263
+6.4%
Effective tax rate
34.0%
38.7%
35.2%
Net income
713
547
483
+30.4%
Net margin
23.4%
20.1%
19.6%
Diluted EPS
$0.59
$1.42
$1.39
-58.1%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
701
523
597
+34.2%
Capital expenditure
99.8
35.6
28.0
+180.4%
Free cash flow
602
487
570
+23.5%
Free cash flow margin
19.7%
17.9%
23.1%
Cash from investing
-256
400
n/a
Cash from financing
-2,238
888
n/a
Depreciation and amortisation
40.8
30.9
25.7
+32.4%
Share-based compensation
45.8
32.7
28.6
+40.1%
Buybacks
2,252
808
8.2
+178.8%
Diluted shares, weighted
1,200m
385m
349m
+211.5%
Shares outstanding at period end
1,133m
406m
335m
+179.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
3,330
4,809
1,515
-30.8%
Debt
0.0
0.0
0.0
Other liabilities
824
762
424
+8.1%
Total liabilities and equity
4,153
5,571
1,939
-25.4%
Fixed assets
173
97.4
90.2
+78.1%
Goodwill
1,332
1,280
0.0
+4.1%
Intangible assets
1,033
428
50.7
+141.3%
Investments
223
760
824
-70.7%
Cash and equivalents
378
2,175
370
-82.6%
Receivables
448
353
280
+26.9%
Inventory
162
156
175
+3.7%
Other assets
405
322
149
+26.0%
Total assets
4,153
5,571
1,939
-25.4%
10-K for the year ended 31 December 2016, filed 28 February 2019: the filing.