Monster Beverage (MNST) FY2017 results: revenue $3.4 billion, up 10.5% on the year
Monster Beverage Corp. (MNST) reported revenue of $3.4 billion for fiscal 2017, the year ended 31 December 2017, up 10.5% on the year before. Net income was $821 million, up 15.2%, and diluted earnings per share $0.71. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$3.4 billion
+10.5% on the year
FY2010FY2017
Operating margin
35.6%
35.6% a year earlier
FY2010FY2017
Net income
$821 million
+15.2% on the year
FY2010FY2017
Diluted EPS
$0.71
+19.3% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
3,369
3,049
2,723
+10.5%
Cost of revenue
1,231
1,107
1,090
+11.2%
Gross profit
2,138
1,942
1,632
+10.1%
Gross margin
63.5%
63.7%
60.0%
Operating income
1,199
1,085
894
+10.5%
Operating margin
35.6%
35.6%
32.8%
Pre-tax income
1,202
1,080
892
+11.3%
Income tax
381
367
345
+3.8%
Effective tax rate
31.7%
34.0%
38.7%
Net income
821
713
547
+15.2%
Net margin
24.4%
23.4%
20.1%
Diluted EPS
$0.71
$0.59
$1.42
+19.3%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
988
701
523
+40.8%
Capital expenditure
83.4
99.8
35.6
-16.4%
Free cash flow
904
602
487
+50.3%
Free cash flow margin
26.8%
19.7%
17.9%
Cash from investing
-532
-256
400
Cash from financing
-311
-2,238
888
Depreciation and amortisation
48.9
40.8
30.9
+19.7%
Share-based compensation
52.3
45.8
32.7
+14.0%
Buybacks
361
2,252
808
-84.0%
Diluted shares, weighted
1,154m
1,200m
385m
-3.8%
Shares outstanding at period end
1,133m
1,133m
406m
-0.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
3,895
3,330
4,809
+17.0%
Debt
0.0
0.0
0.0
Other liabilities
896
824
762
+8.7%
Total liabilities and equity
4,791
4,153
5,571
+15.3%
Fixed assets
230
173
97.4
+32.8%
Goodwill
1,332
1,332
1,280
0.0%
Intangible assets
1,034
1,033
428
+0.1%
Investments
675
223
760
+202.9%
Cash and equivalents
529
378
2,175
+40.0%
Receivables
449
448
353
+0.3%
Inventory
256
162
156
+57.9%
Other assets
286
405
322
-29.5%
Total assets
4,791
4,153
5,571
+15.3%
10-K for the year ended 31 December 2017, filed 28 February 2019: the filing.