Monster Beverage Corporation
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $584.5M | $569.5M | $449.2M | $524.5M | $488.8M | $443.0M | $270.7M | $370.9M |
| Depreciation & Amortization | $29.8M | $28.4M | $32.4M | $29.6M | $27.6M | $24.8M | $20.6M | $19.9M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $2.7M | $2.7M | $6.0M | $4.7M | $4.3M | $4.3M | $2.3M | $2.2M |
| Stock-Based Compensation | $35.7M | $28.3M | $39.0M | $32.8M | $33.1M | $20.7M | $22.2M | $27.5M |
| Net Cash from Operating Activities | $509.2M | $605.0M | $379.4M | $745.1M | $466.0M | $507.6M | $461.7M | $618.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $48.4M | $20.6M | $28.2M | $43.6M | $31.4M | $29.1M | $91.3M | $47.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-408.6M | $-520.7M | $-597.5M | $-361.5M | $-326.9M | $-30.9M | $-109.3M | $-60.3M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $8.0K | $134.0M | $59.7M | $27.3M | $0 | $16.6M | $1.7M | $535.7M |
| Net Cash from Financing Activities | $59.4M | $-118.1M | $-11.8M | $-3.6M | $-163.4M | $-145.6M | $-361.3M | $-527.2M |
| Net Change in Cash | $152.7M | $-48.4M | $-204.8M | $366.0M | $23.5M | $370.1M | $-92.1M | $60.6M |
| Free Cash Flow | $460.8M | $584.4M | $351.2M | $701.5M | $434.6M | $478.5M | $370.4M | $571.4M |