10-K/APeriod: FY2016

Monster Beverage Corp Annual Report (Amendment), Year Ended Dec 31, 2016

Filed April 13, 2017For Securities:MNST

Summary

This filing is an amendment (10-K/A) to Monster Beverage Corporation's (MNST) 2016 Annual Report, specifically to correct a typographical error in the consent of its independent registered public accounting firm. The original filing incorrectly referenced audit reports dated February 29, 2016, when the correct date should have been March 1, 2017. This amendment ensures the accuracy of the auditor's consent and includes updated certifications as required by the Sarbanes-Oxley Act. Investors should note that this amendment does not introduce new financial information or alter the original disclosures from the March 1, 2017, filing; it solely rectifies a dating error within an exhibit and related certifications. For investors, the core financial performance and strategic information remain as presented in the original 10-K. This amendment is a procedural correction and does not reflect any changes in the company's operational results, financial condition, or future outlook as of December 31, 2016. It is important to review the original 10-K filing for substantive analysis of the company's performance during the 2016 fiscal year.

Financial Highlights

48 data points
Beta

Revenue

$3.05B

63.7% Gross Margin

Net Income

$712.68M

23.4% Net Margin

Total Assets

$4.15B

Cash & Equivalents

$377.58M

Free Cash Flow

$601.54M

Financial Statements
Beta
Revenue$3.05B
Cost of Revenue$1.11B
Gross Profit$1.94B
Operating Expenses$856.66M
Operating Income$1.09B
Net Income$712.68M
Shares Outstanding (Basic)1.18B
Shares Outstanding (Diluted)1.20B

Key Highlights

  • 1Amendment No. 1 to the 2016 Form 10-K is primarily for correcting a typographical error in the "Consent of Independent Registered Public Accounting Firm."
  • 2The error involved an incorrect reference to the audit report date (February 29, 2016, instead of March 1, 2017).
  • 3This amendment includes new certifications pursuant to Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002.
  • 4No new financial statements or substantive disclosure changes are introduced by this amendment.
  • 5The amendment should be read in conjunction with the original Form 10-K filed on March 1, 2017.
  • 6Monster Beverage Corporation is classified as a "large accelerated filer."
  • 7The filing date of this amendment is April 12, 2017.

Frequently Asked Questions

This filing is an amendment to the original 2016 annual report (10-K) to correct a typographical error in the date of the Consent of Independent Registered Public Accounting Firm. The original filing incorrectly stated the audit report date as February 29, 2016, when it should have been March 1, 2017. This amendment corrects that error and provides updated Sarbanes-Oxley certifications.

No, this amendment does not change any financial results or substantive disclosures from the original 10-K filed on March 1, 2017. It is purely a correction of a dating error in an exhibit and related certifications. Investors should refer to the original 10-K for the company's financial performance and operational details for the fiscal year ended December 31, 2016.

New certifications under Section 302 and Section 906 of the Sarbanes-Oxley Act are required as part of this amendment filing, consistent with updated filing requirements when an amendment is made. These certifications affirm the accuracy of the company's financial reporting.

Being a 'large accelerated filer' means Monster Beverage meets specific SEC criteria based on its public float, annual revenue, and filing history. Typically, this indicates a well-established, larger company that is subject to more stringent SEC reporting and disclosure requirements, providing greater transparency to investors.