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Monster Beverage cash flow statement

In fiscal 2025, Monster Beverage's operations generated $2.10bn of cash; it spent $132m on capital projects, leaving free cash flow of $1.97bn. It returned $104m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations1562293342883425975237019881,1621,1141,3641,1568881,7181,9292,0982,239
Depreciation and amortisation6121721232631414957615750616980114120
Stock-based pay14171928292933465257637070646991126136
Capital spending2413264341283610083621024944189221264132141
Free cash flow1332163082453015704876029041,1001,0121,3151,1126991,4961,6641,9662,098
Free cash flow after stock pay1192002892162735414545568521,0439491,2451,0416351,4271,5731,8401,962
Share buybacks86241767286888082,2523611,342707596147716593,772104221
Shares issued321201121171,6971653289273466413079165156

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Monster Beverage's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Monster Beverage.