Monster Beverage (MNST) FY2021 results: revenue $5.5 billion, up 20.5% on the year
Monster Beverage Corp. (MNST) reported revenue of $5.5 billion for fiscal 2021, the year ended 31 December 2021, up 20.5% on the year before. Net income was $1.4 billion, down 2.3%, and diluted earnings per share $1.28. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$5.5 billion
+20.5% on the year
FY2014FY2021
Operating margin
32.4%
35.5% a year earlier
FY2014FY2021
Net income
$1.4 billion
-2.3% on the year
FY2014FY2021
Diluted EPS
$1.28
-2.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,156
1,364
1,114
-15.3%
Capital expenditure
43.9
48.7
102
-10.0%
Free cash flow
1,112
1,315
1,012
-15.5%
Free cash flow margin
20.1%
28.6%
24.1%
Cash from investing
-992
-472
-327
Cash from financing
34.8
-526
-629
Depreciation and amortisation
50.2
57.0
60.7
-12.1%
Share-based compensation
70.5
70.3
63.4
+0.3%
Buybacks
13.8
596
707
-97.7%
Diluted shares, weighted
1,071m
1,070m
1,093m
+0.2%
Shares outstanding at period end
1,059m
1,056m
1,073m
+0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,567
5,161
4,171
+27.2%
Debt
0.0
0.0
0.0
Operating lease liabilities
n/a
n/a
25.7
Other liabilities
1,238
1,042
953
+18.8%
Total liabilities and equity
7,805
6,203
5,150
+25.8%
Fixed assets
314
315
299
-0.3%
Goodwill
1,332
1,332
1,332
0.0%
Intangible assets
1,072
1,059
1,052
+1.3%
Investments
1,849
926
546
+99.8%
Cash and equivalents
1,326
1,180
798
+12.4%
Receivables
897
666
540
+34.6%
Inventory
593
333
361
+78.1%
Other assets
421
392
223
+7.4%
Total assets
7,805
6,203
5,150
+25.8%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.