Monster Beverage Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.91B | $1.51B | $1.63B | $1.19B | $1.38B | $1.41B | $1.11B | $993.0M |
| Depreciation & Amortization | $114.4M | $80.4M | $68.9M | $61.2M | $50.2M | $57.0M | $60.7M | $57.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $19.3M | $7.5M | $5.9M | $7.6M | $4.4M | $7.7M | $11.6M | $11.9M |
| Stock-Based Compensation | $125.7M | $91.0M | $68.8M | $64.1M | $70.5M | $70.3M | $63.4M | $57.1M |
| Net Cash from Operating Activities | $2.10B | $1.93B | $1.72B | $887.7M | $1.16B | $1.36B | $1.11B | $1.16B |
| Investing Activities | ||||||||
| Capital Expenditures | $132.3M | $264.1M | $221.4M | $188.7M | $43.9M | $48.7M | $101.7M | $61.9M |
| Business Acquisitions | — | — | $363.4M | $329.5M | — | — | — | — |
| Net Cash from Investing Activities | $-1.32B | $733.7M | $-193.4M | $-161.4M | $-992.0M | $-472.5M | $-326.7M | $273.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $103.6M | $3.77B | $659.0M | $771.0M | $13.8M | $595.9M | $707.3M | $1.34B |
| Net Cash from Financing Activities | $-324.4M | $-3.33B | $-542.6M | $-706.9M | $34.8M | $-526.1M | $-628.5M | $-1.32B |
| Net Change in Cash | $554.8M | $-764.4M | $990.5M | $-19.3M | $146.0M | $382.5M | $160.4M | $108.9M |
| Free Cash Flow | $1.97B | $1.66B | $1.50B | $699.0M | $1.11B | $1.32B | $1.01B | $1.10B |