Monster Beverage (MNST) FY2022 results: revenue $6.3 billion, up 13.9% on the year
Monster Beverage Corp. (MNST) reported revenue of $6.3 billion for fiscal 2022, the year ended 31 December 2022, up 13.9% on the year before. Net income was $1.2 billion, down 13.5%, and diluted earnings per share $1.11. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2023.
Revenue
$6.3 billion
+13.9% on the year
FY2015FY2022
Operating margin
25.1%
32.4% a year earlier
FY2015FY2022
Net income
$1.2 billion
-13.5% on the year
FY2015FY2022
Diluted EPS
$1.11
-13.2% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
888
1,156
1,364
-23.2%
Capital expenditure
189
43.9
48.7
+330.2%
Free cash flow
699
1,112
1,315
-37.1%
Free cash flow margin
11.1%
20.1%
28.6%
Cash from investing
-161
-992
-472
Cash from financing
-707
34.8
-526
Depreciation and amortisation
61.2
50.2
57.0
+22.1%
Share-based compensation
64.1
70.5
70.3
-9.0%
Buybacks
771
13.8
596
+5,475.0%
Diluted shares, weighted
1,066m
1,071m
1,070m
-0.5%
Shares outstanding at period end
1,045m
1,059m
1,056m
-1.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,025
6,567
5,161
+7.0%
Debt
0.0
0.0
0.0
Operating lease liabilities
29.6
n/a
n/a
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
1,238
1,238
1,042
+0.0%
Total liabilities and equity
8,293
7,805
6,203
+6.3%
Fixed assets
517
314
315
+64.7%
Goodwill
1,418
1,332
1,332
+6.5%
Intangible assets
1,220
1,072
1,059
+13.8%
Investments
1,424
1,849
926
-23.0%
Cash and equivalents
1,307
1,326
1,180
-1.5%
Receivables
1,016
897
666
+13.3%
Inventory
936
593
333
+57.7%
Other assets
455
421
392
+8.0%
Total assets
8,293
7,805
6,203
+6.3%
10-K for the year ended 31 December 2022, filed 1 March 2023: the filing.