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| 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.