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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2015	Jul. 29, 2015
Document and Entity Information
Entity Registrant Name	Monster Beverage Corp
Entity Central Index Key	0000865752
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		205,498,468
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 1,696,295	$ 370,323
Short-term investments	1,234,858	781,134
Accounts receivable, net	372,669	280,203
TCCC Transaction receivable	125,000
Distributor receivables	666	552
Inventories	180,892	174,573
Prepaid expenses and other current assets	22,628	19,673
Intangibles held-for-sale, net		18,079
Prepaid income taxes	92,386	8,617
Deferred income taxes	196,985	40,275
Total current assets	3,922,379	1,693,429
INVESTMENTS	52,364	42,940
PROPERTY AND EQUIPMENT, net	92,538	90,156
DEFERRED INCOME TAXES		54,106
GOODWILL	1,287,777
OTHER INTANGIBLE ASSETS, net	428,166	50,748
OTHER ASSETS	8,357	7,496
Total Assets	5,791,581	1,938,875
CURRENT LIABILITIES:
Accounts payable	194,731	127,641
Accrued liabilities	52,242	40,271
Accrued promotional allowances	128,059	114,047
Accrued distributor terminations	64,621
Deferred revenue	26,417	49,926
Accrued compensation	14,404	17,983
Income taxes payable	11,453	5,848
Total current liabilities	491,927	355,716
DEFERRED REVENUE	355,379	68,009
DEFERRED INCOME TAXES	89,455
COMMITMENTS AND CONTINGENCIES (Note 11)
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 240,000 shares authorized; 206,666 shares issued and 205,491 outstanding as of June 30, 2015; 207,004 shares issued and 167,722 outstanding as of December 31, 2014	1,033	1,035
Additional paid-in capital	3,952,030	426,145
Retained earnings	1,081,547	2,330,510
Accumulated other comprehensive loss	(19,073)	(11,453)
Common stock in treasury, at cost; 1,175 and 39,282 shares as of June 30, 2015 and December 31, 2014 respectively	(160,717)	(1,231,087)
Total stockholders' equity	4,854,820	1,515,150
Total Liabilities and Stockholders' Equity	$ 5,791,581	$ 1,938,875

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Jun. 30, 2015	Dec. 31, 2014
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$ 0.005	$ 0.005
Common stock, shares authorized	240,000	240,000
Common stock, shares issued	206,666	207,004
Common stock, shares outstanding	205,491	167,722
Common stock in treasury, shares	1,175	39,282

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
NET SALES	$ 693,722	$ 687,199	$ 1,320,512	$ 1,223,329
COST OF SALES	299,214	307,911	557,048	557,222
GROSS PROFIT	394,508	379,288	763,464	666,107
GAIN ON SALE OF MONSTER NON-ENERGY (NOTE 3)	161,470		161,470
OPERATING EXPENSES	189,839	163,475	551,167	301,430
OPERATING INCOME	366,139	215,813	373,767	364,677
INTEREST AND OTHER INCOME, net	(1,015)	178	218	332
INCOME BEFORE PROVISION FOR INCOME TAXES	365,124	215,991	373,985	365,009
PROVISION FOR INCOME TAXES	136,120	74,988	140,568	128,755
NET INCOME	$ 229,004	$ 141,003	$ 233,417	$ 236,254
NET INCOME PER COMMON SHARE:
Basic (in dollars per share)	$ 1.29	$ 0.84	$ 1.35	$ 1.41
Diluted (in dollars per share)	$ 1.26	$ 0.81	$ 1.31	$ 1.36
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS:
Basic (in shares)	176,985	167,098	173,447	167,006
Diluted (in shares)	181,417	173,964	177,998	173,869

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income, as reported	$ 229,004	$ 141,003	$ 233,417	$ 236,254
Other comprehensive (loss) income:
Change in foreign currency translation adjustment	2,360	510	(7,620)	612
Available-for-sale investments:
Other comprehensive (loss) income	2,360	510	(7,620)	612
Comprehensive (loss) income	$ 231,364	$ 141,513	$ 225,797	$ 236,866

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 233,417	$ 236,254
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	13,249	12,995
Gain on disposal of property and equipment	(108)	(185)
Gain on sale of Monster Non-Energy	(161,470)
Stock-based compensation	14,837	15,089
Loss on put option		97
Gain on investments, net		(84)
Deferred income taxes	156,710	168
Excess tax benefit from stock-based compensation	(300,331)	(3,303)
Effect on cash of changes in operating assets and liabilities:
Accounts receivable	(95,235)	(99,711)
Distributor receivables	191	1,242
Inventories	(28,919)	13,536
Prepaid expenses and other current assets	(3,322)	(4,189)
Prepaid income taxes	(84,147)	2,503
Accounts payable	72,124	36,113
Accrued liabilities	12,482	17,529
Accrued promotional allowances	18,038	31,776
Accrued distributor terminations	64,767	165
Accrued compensation	(3,493)	(4,618)
Income taxes payable	(7,533)	6,780
Deferred revenue	(40,792)	(3,180)
Net cash (used in) provided by operating activities	(139,535)	258,977
CASH FLOWS FROM INVESTING ACTIVITIES:
Maturities of held-to-maturity investments	480,281	324,819
Sales of available-for-sale investments	100
Sales of trading investments	725	3,450
Proceeds from transfer of distribution right to TCCC	179,658
Purchases of held-to-maturity investments	(944,193)	(421,797)
Purchases of property and equipment	(15,827)	(15,074)
Proceeds from the sale of Monster Non-Energy	198,008
Proceeds from sale of property and equipment	161	310
(Increase) decrease to intangibles	(3,566)	(828)
Decrease in other assets	(1,214)	1,102
Net cash provided by (used in) investing activities	(105,867)	(108,018)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on debt	(530)	(973)
Excess tax benefit from stock based compensation	300,331	3,303
Issuance of common stock	1,689,120	7,716
Purchases of common stock held in treasury	(412,217)	(59)
Net cash (Used in) provided by financing activities	1,576,704	9,987
Effect of exchange rate changes on cash and cash equivalents	(5,330)	756
Cash and Cash Equivalents, Period Increase (Decrease), Total	1,325,972	161,702
CASH AND CASH EQUIVALENTS, beginning of year	370,323	211,349
CASH AND CASH EQUIVALENTS, end of year	1,696,295	373,051
Cash paid during the period for:
Interest	12	18
Income taxes	$ 76,285	$ 119,654

CONSOLIDATED STATEMENTS OF CASH FLOWS NON-CASH SUPPLEMENTAL DATA - USD ($) shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Capital leases for the acquisition of promotional vehicles	$ 0.9	$ 0.5
Treasury stock shares cancelled	41.5
Coca-Cola Transaction Asset Transfer Agreement \| TCCC
Amount held in escrow	$ 125.0
KO Energy \| TCCC
Number of shares issued for acquisition	11.8

BASIS OF PRESENTATION	6 Months Ended
BASIS OF PRESENTATION	Jun. 30, 2015
BASIS OF PRESENTATION
BASIS OF PRESENTATION	1.BASIS OF PRESENTATION Reference is made to the Notes to Consolidated Financial Statements, in Monster Beverage Corporation and Subsidiaries (the “Company”) Annual Report on Form 10-K for the year ended December 31, 2014 (“Form 10-K”) for a summary of significant accounting policies utilized by the Company and its consolidated subsidiaries and other disclosures, which should be read in conjunction with this Quarterly Report on Form 10-Q (“Form 10-Q”). The Company’s condensed consolidated financial statements included in this Form 10-Q have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and Securities and Exchange Commission (“SEC”) rules and regulations applicable to interim financial reporting. They do not include all the information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP. The information set forth in these interim condensed consolidated financial statements for the three- and six-months ended June 30, 2015 and 2014 is unaudited and reflects all adjustments, which include only normal recurring adjustments and which in the opinion of management are necessary to make the interim condensed consolidated financial statements not misleading. Results of operations for periods covered by this report may not necessarily be indicative of results of operations for the full year. The preparation of financial statements in conformity with GAAP necessarily requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates. In the second quarter of 2015, as a result of the acquisitions and divestitures described in Note 3, the Company revised its reportable segments to reflect management’s new view of the business and to align its external financial reporting with its new operating and internal financial reporting model. Historical segment information has been revised to reflect the effect of this change. See Note 18 for additional information about the Company’s new reporting segments.

ADDITIONS TO SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
ADDITIONS TO SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2015
ADDITIONS TO SIGNIFICANT ACCOUNTING POLICIES
ADDITIONS TO SIGNIFICANT ACCOUNTING POLICIES	2.ADDITIONS TO SIGNIFICANT ACCOUNTING POLICIES Business Combinations – Business acquisitions are accounted for in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805 “Business Combinations”. ASC 805 requires the reporting entity to identify the acquirer, determine the acquisition date, recognize and measure the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquired entity, and recognize and measure goodwill or a gain from the purchase. The acquiree’s results are included in the Company’s consolidated financial statements from the date of acquisition. Assets acquired and liabilities assumed are recorded at their fair values and the excess of the purchase price over the amounts assigned is recorded as goodwill, or if the fair value of the assets acquired exceeds the purchase price consideration, a bargain purchase gain is recorded. Adjustments to fair value assessments are recorded to goodwill over the measurement period (not longer than twelve months). The acquisition method also requires that acquisition-related transaction and post-acquisition restructuring costs be charged to expense and requires the Company to recognize and measure certain assets and liabilities including those arising from contingencies and contingent consideration in a business combination. Goodwill – The Company records goodwill when the consideration paid for an acquisition exceeds the fair value of net tangible and intangible assets acquired, including related tax effects. Goodwill is not amortized; instead goodwill is tested for impairment on an annual basis, or more frequently if the Company believes indicators of impairment exist. The Company first assesses qualitative factors to determine whether it is more-likely-than-not that the fair value of a reporting unit is less than its carrying value. If the Company determines that the fair value is less than the carrying value, the Company will use a two-step process to determine the amount of goodwill impairment. The first step requires comparing the fair value of the reporting unit to its net book value, including goodwill. A potential impairment exists if the fair value of the reporting unit is lower than its net book value. The second step of the process, performed only if a potential impairment exists, involves determining the difference between the fair value of the reporting unit’s net assets, other than goodwill, and the fair value of the reporting unit. An impairment charge is recognized for the excess of the carrying value of goodwill over its implied fair value.

ACQUISITIONS AND DIVESTITURES

6 Months Ended

Jun. 30, 2015

ACQUISITIONS AND DIVESTITURES

ACQUISITIONS AND DIVESTITURES

3.ACQUISITIONS AND DIVESTITURES

On June 12, 2015, Monster Beverage 1990 Corporation (formerly Monster Beverage Corporation) (“Old Monster”), now a wholly owned subsidiary of the Company, completed the transactions contemplated by the definitive agreements entered into with The Coca-Cola Company (“TCCC”) on August 14, 2014, which provided for a long-term strategic relationship in the global energy drink category (the “TCCC Transaction”).

Also, on June 12, 2015, Old Monster effected a holding company reorganization in connection with the TCCC Transaction by merging New Laser Merger Corp., a wholly owned subsidiary of the Company into Old Monster, with Old Monster surviving as a wholly owned subsidiary of the Company (the “Holding Company Reorganization”), and the Company changed its name from New Laser Corporation to “Monster Beverage Corporation.”

In the Holding Company Reorganization, each Old Monster common share, par value $0.005 per share, outstanding immediately prior to the consummation of the Holding Company Reorganization (other than any Old Monster common shares that were owned by Old Monster immediately prior to the closing of the TCCC Transaction, which were cancelled, (see Note 14)) was converted automatically into the right to receive one Company common share, par value $0.005 per share. In addition, upon consummation of the Holding Company Reorganization:

each unexercised and unexpired stock option then outstanding under any equity compensation plan of Old Monster, whether or not then exercisable, ceased to represent a right to acquire Old Monster common shares and was converted automatically into a right to acquire the same number of Company common shares, on the same terms and conditions as were applicable under such Old Monster stock option; and

each share of restricted stock and each restricted stock unit of Old Monster granted under all outstanding equity compensation plans ceased to represent or relate to Old Monster common shares and was converted automatically to represent or relate to Company common shares, on the same terms and conditions as were applicable to such Old Monster restricted stock and restricted stock units (including the vesting or other lapse restrictions (without acceleration thereof by virtue of the Holding Company Reorganization and the TCCC Transaction)).

Promptly following the effective time of the Holding Company Reorganization, Old Monster assigned to the Company all obligations of Old Monster under Old Monster’s equity compensation plans and each stock option agreement, restricted stock award agreement, restricted stock unit award agreement and any similar agreement entered into pursuant to such equity compensation plans. In addition, all obligations of Old Monster under any employment agreements and indemnification agreements were assigned to the Company.

Immediately after the effective time of the Holding Company Reorganization, (1) the Company issued to TCCC 34,040,534 newly issued Company common shares representing approximately 16.7% of the total number of outstanding Company common shares (after giving effect to such issuance) (the “New Issuance”) and TCCC appointed two individuals to the Company’s Board of Directors, (2) TCCC transferred all of its rights in and to TCCC’s worldwide energy drink business (“KO Energy”) to the Company, (3) Old Monster transferred all of its rights in and to its non-energy drink business (“Monster Non-Energy”) to TCCC (such transfer, together with the transfer of KO Energy, the “Asset Transfers”), (4) the Company and TCCC amended the distribution coordination agreements previously existing between them to govern the transition of third parties’ rights to distribute the Company’s energy products in most territories in the U.S. to members of TCCC’s distribution network, which consists of owned or controlled bottlers/distributors and independent bottling/distribution partners, and (5) TCCC and one of its subsidiaries made an aggregate net cash payment to the Company of $2.15 billion, $125.0 million of which is currently held in escrow as described below (the “Escrow Agreement”), subject to release upon the achievement of milestones relating to the transition of distribution rights to TCCC’s distribution network.

Under the terms of the Escrow Agreement and the transition payment agreement entered into in connection therewith, if the distribution rights in the U.S. that are transitioned to TCCC’s distribution network represent case sales in excess of the following percentages of a target case sale amount agreed to by the parties, amounts in the escrow fund in excess of the applicable amounts below will be released to the Company:

Percentage Transitioned		Escrow Release
40%		Amounts in excess of $375 million
50%		Amounts in excess of $312.5 million
60%		Amounts in excess of $250 million
70%		Amounts in excess of $187.5 million
80%		Amounts in excess of $125 million
90%		Amounts in excess of $62.5 million
95%		All remaining amounts

On the one-year anniversary of the closing of the TCCC Transaction, the then-remaining escrow amount, less an amount sufficient to cover any unresolved claims, will be released to TCCC. Any severance or other release amount described above that becomes payable following the one-year anniversary will be paid directly from TCCC to the Company.

TCCC is contractually obligated to authorize payment to the Company of the funds in escrow upon achievement of the milestones referred to above. As of August 10, 2015, distribution rights in the U.S. representing approximately 89% of the target case sales have been transitioned to TCCC’s distribution network. As a result, $125 million is currently held in escrow. The Company expects to commence steps to transition sufficient additional distribution rights, which will, in due course, result in the release of all remaining amounts held in escrow. Therefore, the Company believes that achievement of the milestones is probable.

The following table summarizes the TCCC Transaction consideration allocation:

	Identifiable Assets Acquired and Liabilities Assumed			Consideration Transferred
Equity issued to TCCC for cash (22.2 million shares issued)	$	-		$	1,647,333
Equity issued to TCCC for KO Energy (11.8 million shares issued)	-			1,521,802
KO Energy intangibles - trademarks (non-amortizing)	325,500			-
KO Energy intangibles - customer relationships (amortizing)	35,000			-
KO Energy intangibles - other (non-amortizing)	13,700			-
KO Energy inventories	6,144			-
KO Energy accounts payable	(2,758		)	-
Goodwill	1,287,777			-
Deferred tax liability	(143,561		)	-
New and amended U.S. distribution rights transferred to TCCC’s distribution network	-			304,658
Monster Non-Energy business transferred to TCCC	-			198,009
Cash and escrow receivable	2,150,000			-

Total	$	3,671,802		$	3,671,802

The preliminary book value of the KO Energy inventories, prepaid expenses and other current assets and accounts payable approximate fair value. The fair value analysis has yet to progress to a stage where there is sufficient information for a definitive measurement of the respective fair values. Accordingly, the respective fair value allocation is preliminary and is based on valuations derived from estimated fair value assumptions used by management. The Company expects to complete its fair value analysis at a level of detail necessary to finalize the underlying fair value allocations no later than twelve months from the closing of the TCCC Transaction. Any differences between the final respective fair value allocations and the preliminary management estimates may differ materially and potentially have a material impact on the Company’s financial position, results of operations or liquidity.

The Company has determined goodwill in accordance with ASC 805-30-30-1, “Business Combinations,” which requires the recognition of goodwill for the excess of the aggregate consideration over the net of amounts of identifiable assets acquired and liabilities assumed as of the acquisition date.

The goodwill recorded as part of the TCCC Transaction is not deductible for tax purposes. The goodwill includes access to new geographies, access to new sales channels, including vending and specialty accounts, as well as the opportunity for supply chain optimization.

The Company determined the estimated fair values of KO Energy trademarks, customer relationships and other intangibles as follows:

Trademarks—valued using the relief from royalty method. Royalty rates for the different brands were selected based on brand strength and profitability.

Customer relationships—valued using the with- and-without method assuming that the customer relationships could be rebuilt over a one-year period.

Other (Trade Secrets/Formulas)—valued using the cost savings method.

The Company determined the estimated fair value of the “new and amended U.S. distribution rights” transferred to TCCC’s distribution network using the discounted cash flow method. The cash flows were defined as the expected cost savings arising from the new distribution agreements.

The Company determined the estimated fair value of the Monster Non-Energy brands sold utilizing the discounted cash flow method and market multiple method. Market multiples for each brand were selected based on profitability, size and expected growth for each brand. The resulting business enterprise value derived under the income and market approaches was then adjusted for working capital and fixed assets that were not transferred to TCCC.

Of the approximately 34.0 million shares of the Company’s common stock issued to TCCC in the TCCC Transaction, approximately 11.8 million shares, or 34.8% of the total shares issued, were allocated to the purchase of KO Energy and approximately 22.2 million shares, or 65.2% of the total shares issued, were issued for cash. The 34.8% allocation was based on the relative fair value of KO Energy to the approximate fair value of the 34.0 million shares of Old Monster’s common stock on August 14, 2014. The remaining shares of the Company’s common stock were deemed to be issued for cash. The $2.15 billion of cash and escrow receivable was first allocated to the new and amended U.S. distribution rights and the Monster Non-Energy business based on their respective preliminary fair values, and the residual cash of $1.6 billion was then allocated to the equity issued for cash. On August 14, 2014, the date on which the terms of the TCCC Transaction were agreed to and announced, the closing market price of Old Monster’s common stock was $71.65 per share. The fair value of KO Energy per ASC 820 is approximately $880.1 million, which approximates the negotiated price for KO Energy based on the closing market price of Old Monster’s common stock on August 14, 2014. However, per ASC 805, equity securities issued as consideration in a business combination are to be recorded at fair value as of the closing date. Therefore, the value of the Company’s common stock issued to TCCC in exchange for KO Energy was $128.39 per share, the closing price of the Company’s common stock on June 12, 2015, resulting in a total consideration value transferred for KO Energy of $1.5 billion.

The Company recognized a gain of $161.5 million on the disposal of Monster Non-Energy during the three- and six-months ended June 30, 2015.

The following unaudited pro forma condensed combined financial information is presented as if the TCCC Transaction had closed on January 1, 2014:

	Three-Months Ended June 30, 2015
					Pro Forma Adjustments
	Monster Beverage Corporation as reported¹		KO Energy²		Disposal of Monster Non- Energy³		Other		Pro Forma Combined
Net sales	$	693,722	$	57,422	$	(29,516)	$	3,089	$	724,717
Net income	229,004		41,136		(100,652)		(11,659)		157,829

	Three-Months Ended June 30, 2014
					Pro Forma Adjustments
	Monster Beverage Corporation as reported		KO Energy		Disposal of Monster Non-Energy		Other		Pro Forma Combined
Net sales	$	687,199	$	85,608	$	(43,796)	$	3,851	$	732,862
Net income	141,003		54,614		(1,878)		(24,978)		168,761

¹Includes net sales of $13.0 million and net income of $5.8 million related to the acquired KO Energy assets since the date of acquisition, June 12, 2015.

²Includes results through June 12, 2015, the date the TCCC Transaction was finalized. Net income for KO Energy includes only net revenues and direct operating expenses, rather than full “carve-out” financial statements, because such financial information would not be meaningful given that it is not possible to provide a meaningful allocation of business unit and corporate costs, interest or tax in respect of KO Energy.

³Includes results through June 12, 2015. Net income includes gain recognized on the sale of Monster Non-Energy of $161.5 million (as tax affected).

	Six-Months Ended June 30, 2015
					Pro Forma Adjustments
	Monster Beverage Corporation as reported¹		KO Energy²		Disposal of Monster Non- Energy³		Other		Pro Forma Combined
Net sales	$	1,320,512	$	138,127	$	(60,824)	$	6,897	$	1,404,712
Net income	233,417		100,575		(101,881)		(36,608)		195,503

	Six-Months Ended June 30, 2014
					Pro Forma Adjustments
	Monster Beverage Corporation as reported		KO Energy		Disposal of Monster Non- Energy		Other		Pro Forma Combined
Net sales	$	1,223,329	$	171,216	$	(77,984)	$	7,659	$	1,324,220
Net income	236,254		109,228		(3,021)		(50,614)		291,847

¹Includes net sales of $13.0 million and net income of $5.8 million related to the acquired KO Energy assets since the date of acquisition, June 12, 2015.

³Includes results through June 12, 2015. Net income includes gain recognized on the sale of Monster Non-Energy of $161.5 million (as tax affected).

Pro-Forma Adjustments – Other include the following:

	Three-Months		Three-Months		Six-Months		Six-Months
	Ended		Ended		Ended		Ended
	June 30, 2015		June 30, 2014		June 30, 2015		June 30, 2014
Net sales:
Amortization of deferred revenue	$	3,089	$	3,851	$	6,897	$	7,659

Net income:
Amortization of deferred revenue	$	3,089	$	3,851	$	6,897	$	7,659
To record sales commissions	(6,431)		(9,588)		(15,470)		(19,176		)
To record amortization of definite lived KO Energy intangibles	(1,400)		(1,745)		(3,126)		(3,471		)
To eliminate TCCC Transaction expenses	11,536		1,068		15,134		1,068
Estimated provision for income taxes on pro forma adjustments	(2,616)		2,470		(1,322)		5,359
Estimated provision for income taxes on KO Energy income	(15,837)		(21,034)		(38,721)		(42,053		)

Total	$	(11,659)	$	(24,978)	$	(36,608)	$	(50,614	)

For purposes of the unaudited pro forma financial information, a combined U.S. Federal and state statutory tax rate of 38.5% has been used. This rate does not reflect the Company’s expected effective tax rate, which includes other tax charges and benefits, and does not take into account any historical or possible future tax events that may impact the combined company.

The unaudited pro forma financial information is presented for information purposes only and is not intended to represent or be indicative of the combined results of operations that the Company would have reported had the TCCC Transaction been completed as of the date and for the periods presented, and should not be taken as representative of the Company’s consolidated results of operations following the completion of the TCCC Transaction. In addition, the unaudited pro forma financial information is not intended to project the future financial results of operations of the combined company. The unaudited pro forma combined financial information does not reflect any cost savings, operational synergies or revenue enhancements that the combined company may achieve as a result of the TCCC Transaction or the costs to combine the operations or costs necessary to achieve cost savings, operating synergies and revenue enhancements.

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Jun. 30, 2015
RECENT ACCOUNTING PRONOUNCEMENTS.
RECENT ACCOUNTING PRONOUNCEMENTS	4.RECENT ACCOUNTING PRONOUNCEMENTS In September 2014, the Company elected to early adopt FASB ASU No. 2014-08, “Presentation of Financial Statements and Property, Plant, and Equipment - Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”. ASU 2014-08 provides new guidance related to the definition of a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. The adoption of ASU 2014-08 did not have a material impact on the Company’s financial position, results of operations or liquidity. In June 2014, the FASB issued ASU No. 2014-12, “Compensation—Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (a consensus of the FASB Emerging Issues Task Force)”. ASU 2014-12 clarifies that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. ASU 2014-12 is effective for annual periods, and interim periods within those years, beginning after December 15, 2015. Early adoption is permitted. ASU 2014-12 may be applied either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. The adoption of ASU 2014-12 is not expected to have a material impact on the Company’s financial position, results of operations or liquidity. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers”, which supersedes previous revenue recognition guidance. ASU 2014-09 requires that a company recognize revenue at an amount that reflects the consideration to which the company expects to be entitled in exchange for transferring goods or services to a customer. In applying the new guidance, a company will (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the contract’s performance obligations; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2014-09 was to be effective for reporting periods beginning after December 15, 2016. However, on July 9, 2015, the FASB voted to approve a one-year deferral of the effective date. This new guidance is effective for the Company beginning January 1, 2018 and can be adopted using either a full retrospective or modified approach. The Company is currently evaluating the impact of ASU 2014-09 on its financial position, results of operations and liquidity.

INVESTMENTS

6 Months Ended

Jun. 30, 2015

INVESTMENTS

INVESTMENTS

5.INVESTMENTS

The following table summarizes the Company’s investments at:

June 30, 2015	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Fair Value		Continuous Unrealized Loss Position less than 12 Months		Continuous Unrealized Loss Position greater than 12 Months
Held-to-Maturity
Short-term:
Commercial paper	$	182,130	$	-	$	-	$	182,130	$	-	$	-
U.S. Treasuries	74,981		6		-		74,987		-		-
Certificates of deposit	32,001		-		-		32,001		-		-
Municipal securities	587,740		82		42		587,780		42		-
U.S. government agency securities	350,859		27		10		350,876		10		-
Long-term:
Municipal securities	52,364		33		5		52,392		5		-
U.S. government agency securities	-		-		-		-		-		-
Available-for-sale
Variable rate demand notes	3,901		-		-		3,901		-		-

Total	$	1,283,976	$	148	$	57	1,284,067		$	57	$	-

Trading
Short-term:
Auction rate securities							3,246
Long-term:
Auction rate securities							-

Total							$	1,287,313


December 31, 2014	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Fair Value		Continuous Unrealized Loss Position less than 12 Months		Continuous Unrealized Loss Position greater than 12 Months

Held-to-Maturity
Short-term:
Commercial paper	$	19,482	$	-	$	2	$	19,480	$	-	$	-
Municipal securities	744,542		105		-		744,647		-		-
U.S. government agency securities	9,199		-		1		9,198		-		-
Long-term:
Municipal securities	42,940		10		-		42,950		-		-
Available-for-sale
Variable rate demand notes	4,001		-		-		4,001		-		-

Total	$	820,164	$	115	$	3	820,276		$	-	$	-

Trading
Short-term:
Auction rate securities							3,910
Long-term:
Auction rate securities							-

Total							$	824,186

During the three- and six-months ended June 30, 2015 and 2014, realized gains or losses recognized on the sale of investments were not significant. During the three- and six-months ended June 30, 2015 and 2014, the net gains recognized on the Company’s trading securities were not significant.

The Company’s investments at June 30, 2015 and December 31, 2014 in commercial paper, U.S. Treasuries, certificates of deposit, municipal securities, U.S. government agency securities and/or variable rate demand notes (“VRDNs”) carried investment grade credit ratings. VRDNs are floating rate municipal bonds with embedded put options that allow the bondholder to sell the security at par plus accrued interest. All of the put options are secured by a pledged liquidity source. While they are classified as marketable investment securities, the put option allows the VRDNs to be liquidated at par on a same day, or more generally on a seven day, settlement basis. All of the Company’s investments at June 30, 2015 and December 31, 2014 in municipal, educational or other public body securities with an auction reset feature (“auction rate securities”) also carried investment grade credit ratings.

The following table summarizes the underlying contractual maturities of the Company’s investments at:

	June 30, 2015				December 31, 2014

	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Less than 1 year:
Commercial paper	$	182,130	$	182,130	$	19,482	$	19,480
U.S. Treasuries	74,981		74,987		-		-
Certificates of deposit	32,001		32,001		-		-
Municipal securities	587,740		587,780		744,542		744,647
U.S. government agency securities	350,859		350,876		9,199		9,198
Due 1 - 10 years:
Municipal securities	52,364		52,392		42,940		42,950
Due 11 - 20 years:
Auction rate securities	3,246		3,246		3,910		3,910
Due 21 - 30 years:
Variable rate demand notes	3,901		3,901		4,001		4,001

Total	$	1,287,222	$	1,287,313	$	824,074	$	824,186

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References + Details

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

6 Months Ended

Jun. 30, 2015

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

6.FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

ASC 820 provides a framework for measuring fair value and requires disclosures regarding fair value measurements. ASC 820 defines fair value as the price that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The three levels of inputs required by the standard that the Company uses to measure fair value are summarized below.

Level 1: Quoted prices in active markets for identical assets or liabilities.

Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.

Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

ASC 820 requires the use of observable market inputs (quoted market prices) when measuring fair value and requires a Level 1 quoted price to be used to measure fair value whenever possible.

The following tables present the Company’s held-to-maturity investments at amortized cost, available-for-sale investments at fair value and the fair value of the Company’s financial assets and liabilities that are recorded at fair value on a recurring basis, segregated among the appropriate levels within the fair value hierarchy at:


June 30, 2015	Level 1		Level 2		Level 3		Total
Cash	$	174,404	$	-	$	-	$	174,404
Money market funds	688,934		-		-		688,934
Commercial paper	-		365,364		-		365,364
U.S. Treasuries	-		74,981		-		74,981
Certificates of deposit	-		84,002		-		84,002
Municipal securities	-		662,874		-		662,874
U.S. government agency securities	-		925,811		-		925,811
Variable rate demand notes	-		3,901		-		3,901
Auction rate securities	-		-		3,246		3,246
Put option related to auction rate securities	-		-		189		189
Foreign currency derivatives	-		-		(139)		(139)

Total	$	863,338	$	2,116,933	$	3,296	$	2,983,567


Amounts included in:
Cash and cash equivalents	$	863,338	$	832,957	$	-	$	1,696,295
Short-term investments	-		1,231,612		3,246		1,234,858
Accounts receivable, net	-		-		139		139
Investments	-		52,364		-		52,364
Prepaid expenses and other current assets	-		-		189		189
Accrued liabilities	-		-		(278)		(278)

Total	$	863,338	$	2,116,933	$	3,296	$	2,983,567


December 31, 2014	Level 1		Level 2		Level 3		Total

Cash	$	196,090	$	-	$	-	$	196,090
Money market funds	106,928		-		-		106,928
Commercial paper	-		19,482		-		19,482
Municipal securities	-		854,787		-		854,787
U.S. government agency securities	-		9,199		-		9,199
Variable rate demand notes	-		4,001		-		4,001
Auction rate securities	-		-		3,910		3,910
Put option related to auction rate securities	-		-		250		250
Foreign currency derivatives	-		(252)		-		(252)

Total	$	303,018	$	887,217	$	4,160	$	1,194,395


Amounts included in:
Cash and cash equivalents	$	303,018	$	67,305	$	-	$	370,323
Short-term investments	-		777,224		3,910		781,134
Accounts receivable, net	-		83		-		83
Investments	-		42,940		-		42,940
Prepaid expenses and other current assets	-		-		250		250
Accrued liabilities	-		(335)		-		(335)

Total	$	303,018	$	887,217	$	4,160	$	1,194,395

The majority of the Company’s short-term investments are classified within Level 1 or Level 2 of the fair value hierarchy. The Company’s valuation of its Level 1 investments, which include money market funds, is based on quoted market prices in active markets for identical securities. The Company’s valuation of its Level 2 investments, which include commercial paper, U.S. Treasuries, certificates of deposit, municipal securities, U.S. government agency securities and VRDNs, is based on other observable inputs, specifically a market approach which utilizes valuation models, pricing systems, mathematical tools and other relevant information for the same or similar securities. The Company’s valuation of its Level 2 foreign exchange contracts is based on quoted market prices of the same or similar instruments, adjusted for counterparty risk. There were no transfers between Level 1 and Level 2 measurements during the six-months ended June 30, 2015 or the year ended December 31, 2014, and there were no changes in the Company’s valuation techniques.

The Company’s Level 3 assets are comprised of auction rate securities and put options. The Company’s Level 3 valuation utilized a mark-to-model approach which included estimates for interest rates, timing and amount of cash flows, credit and liquidity premiums, as well as expected holding periods for the auction rate securities. These assumptions are typically volatile and subject to change as the underlying data sources and market conditions evolve. A significant change in any single input could have a significant valuation impact; however, no single input has a more significant impact on valuation than another. There were no changes in the Company’s valuation techniques of its Level 3 assets during the six-months ended June 30, 2015.

At June 30, 2015, the Company held auction rate securities with a face value of $3.4 million (amortized cost basis of $3.2 million). A Level 3 valuation was performed on the Company’s auction rate securities as of June 30, 2015 resulting in a fair value of $3.2 million for the Company’s trading auction rate securities (after a $0.2 million impairment), which are included in short-term investments.

In June 2011, the Company entered into an agreement (the “2011 ARS Agreement”), related to $24.5 million of par value auction rate securities (the “2011 ARS Securities”). Under the 2011 ARS Agreement, the Company has the right to sell the 2011 ARS Securities including all accrued but unpaid interest thereon (the “2011 Put Option”) as follows: (i) on or after July 1, 2013, up to $1.0 million aggregate par value; (ii) on or after October 1, 2013, up to an additional $1.0 million aggregate par value; and (iii) in quarterly installments thereafter based on a formula of the then outstanding 2011 ARS Securities, as adjusted for normal market redemptions, with full sale rights available on or after April 1, 2016. The 2011 ARS Securities will continue to accrue interest until redeemed through the 2011 Put Option, or as determined by the auction process, or should the auction process fail, the terms outlined in the prospectus of the respective 2011 ARS Securities. Under the 2011 ARS Agreement, the Company has the obligation, should it receive written notification from the put issuer, to sell the 2011 ARS Securities at par plus all accrued but unpaid interest. During the six-months ended June 30, 2015, $0.7 million of ARS Securities were redeemed ($13.1 million, $2.3 million, $1.3 million and $3.7 million of par value 2011 ARS Securities were redeemed at par during the years ended December 31, 2014, 2013, 2012 and 2011, respectively). Subsequent to June 30, 2015, $1.7 million of 2011 ARS Securities were redeemed at par through the exercise of a portion of the 2011 Put Option. The 2011 Put Option does not meet the definition of derivative instruments under ASC 815. Therefore, the Company elected the fair value option under ASC 825-10 in accounting for the 2011 Put Option. As of June 30, 2015, the Company recorded $0.2 million as the fair market value of the 2011 Put Option, included in prepaid expenses and other current assets.

The following table provides a summary reconciliation of the Company’s financial assets that are recorded at fair value on a recurring basis using significant unobservable inputs (Level 3):

	Three-Months Ended June 30, 2015						Three-Months Ended June 30, 2014
	Auction Rate Securities			Put Options			Auction Rate Securities			Put Options
Opening Balance	$		3,910	$	250		$		14,526	$	1,024
Transfers into Level 3	-			-			-			-
Transfers out of Level 3	-			-			-			-
Total gains (losses) for the period:
Included in earnings	61			(61)			17			(30)
Included in other comprehensive income	-			-			-			-
Settlements	(725)			-			(1,724)			-

Closing Balance	$		3,246	$	189		$		12,819	$	994


	Six-Months Ended June 30, 2015						Six-Months Ended June 30, 2014

	Auction Rate Securities			Put Options			Auction Rate Securities			Put Options

Opening Balance	$	3,910		$		250	$	16,184		$	1,092
Transfers into Level 3	-			-			-			-
Transfers out of Level 3	-			-			-			-
Total gains (losses) for the period:
Included in earnings	61			(61)			84			(98)
Included in other comprehensive income	-			-			-			-
Settlements	(725)			-			(3,449)			-

Closing Balance	$	3,246		$		189	$	12,819		$	994

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

6 Months Ended

Jun. 30, 2015

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

7.DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The Company is exposed to foreign currency exchange rate risks related primarily to its foreign business operations. During the six-months ended June 30, 2015 and the year ended December 31, 2014, the Company entered into forward currency exchange contracts with financial institutions to create an economic hedge to specifically manage a portion of the foreign exchange risk exposure associated with certain consolidated subsidiaries’ non-functional currency denominated assets and liabilities. All foreign currency exchange contracts of the Company that were outstanding as of June 30, 2015 have terms of one month or less. The Company does not enter into forward currency exchange contracts for speculation or trading purposes.

The Company has not designated its foreign currency exchange contracts as hedge transactions under ASC 815. Therefore, gains and losses on the Company’s foreign currency exchange contracts are recognized in interest and other income, net, in the condensed consolidated statements of income, and are largely offset by the changes in the fair value of the underlying economically hedged item.

The notional amount and fair value of all outstanding foreign currency derivative instruments in the condensed consolidated balance sheets consist of the following at:

June 30, 2015
Derivatives not designated as hedging instruments under FASB ASC 815-20	Notional Amount		Fair Value		Balance Sheet Location

Assets:
Foreign currency exchange contracts:
Receive USD/pay GBP	$	4,406	$	1	Accounts receivable, net
Receive USD/pay CAD	4,865		60		Accounts receivable, net
Receive USD/pay MXN	7,455		69		Accounts receivable, net
Receive USD/pay COP	1,329		9		Accounts receivable, net

Liabilities:
Foreign currency exchange contracts:
Receive EUR/pay USD	$	15,517	$	(17)	Accrued liabilities
Receive USD/pay AUD		8,551		(72)	Accrued liabilities
Receive USD/pay JPY		9,241		(124)	Accrued liabilities
Receive USD/pay ZAR		12,808		(54)	Accrued liabilities
Receive USD/pay CLP		3,813		(11)	Accrued liabilities

December 31, 2014
Derivatives not designated as hedging instruments under FASB ASC 815-20	Notional Amount		Fair Value		Balance Sheet Location

Assets:
Foreign currency exchange contracts:
Receive CAD/pay USD	$	19,940	$	83	Accounts receivable, net

Liabilities:
Foreign currency exchange contracts:
Receive EUR/pay USD	$	13,265	$	(75)	Accrued liabilities
Receive USD/pay AUD		8,343		(48)	Accrued liabilities
Receive USD/pay JPY		10,620		(84)	Accrued liabilities
Receive USD/pay ZAR		14,760		(105)	Accrued liabilities
Receive USD/pay MXN		4,961		(11)	Accrued liabilities
Receive USD/pay CLP		2,685		(10)	Accrued liabilities
Receive USD/pay COP		2,845		(2)	Accrued liabilities

The net losses on derivative instruments in the condensed consolidated statements of income were as follows:

		Amount of loss recognized in income on derivatives
		Three-months ended
Derivatives not designated as hedging instruments under FASB ASC 815-20	Location of loss recognized in income on derivatives	June 30, 2015		June 30, 2014
Foreign currency exchange contracts	Interest and other income, net	$	(63)	$	(406)


		Amount of loss recognized in income on derivatives

		Six-months ended

Derivatives not designated as hedging instruments under FASB ASC 815-20	Location of loss recognized in income on derivatives	June 30, 2015		June 30, 2014

Foreign currency exchange contracts	Interest and other income, net	$	(1,919)	$	(765)

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Section 50
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624258-113959

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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+ Details

INVENTORIES

6 Months Ended

Jun. 30, 2015

INVENTORIES

INVENTORIES

8.INVENTORIES

Inventories consist of the following at:

	June 30, 2015		December 31, 2014
Raw materials	$	58,586	$	59,938
Finished goods	122,306		114,635

	$	180,892	$	174,573

PROPERTY AND EQUIPMENT, Net

6 Months Ended

Jun. 30, 2015

PROPERTY AND EQUIPMENT, Net

PROPERTY AND EQUIPMENT, Net

9.PROPERTY AND EQUIPMENT, Net

Property and equipment consist of the following at:

	June 30, 2015		December 31, 2014
Land	$	6,792	$	6,792
Leasehold improvements	2,807		2,796
Furniture and fixtures	3,487		3,371
Office and computer equipment	10,519		10,072
Computer software	1,955		1,317
Equipment	92,807		84,263
Buildings	39,096		37,311
Vehicles	29,022		27,813

	186,485		173,735
Less: accumulated depreciation and amortization	(93,947)		(83,579)

	$	92,538	$	90,156

GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2015

GOODWILL AND OTHER INTANGIBLE ASSETS.

GOODWILL AND OTHER INTANGIBLE ASSETS

10. GOODWILL AND OTHER INTANGIBLE ASSETS

The following is a roll-forward of goodwill for the six-months ended June 30, 2015 by reportable segment:

	Finished Goods		Concentrate		Total
Balance at December 31, 2014	$	-	$	-	$		-
Acquisitions	785,277		502,500		1,287,777

Balance at June 30, 2015	$	785,277	$	502,500	$	1,287,777

Intangible assets consist of the following at:

	June 30, 2015		December 31, 2014
Amortizing intangibles	$	35,249	$	233
Accumulated amortization	(396)		(50)

	34,853		183
Non-amortizing intangibles	393,313		50,565

	$	428,166	$		50,748

Amortizing intangibles primarily consist of customer relationships. All amortizing intangibles have been assigned an estimated finite useful life and such intangibles are amortized on a straight-line basis over the number of years that approximate their respective useful lives, generally 5 years. Total amortization expense recorded was $0.3 million and $0.1 million for the three-months ended June 30, 2015 and 2014, respectively. Total amortization expense recorded was $0.3 million and $0.25 million for the six-months ended June 30, 2015 and 2014, respectively. Non-amortizing intangibles primarily consist of indefinite-lived tradenames.

DISTRIBUTION AGREEMENTS	6 Months Ended
DISTRIBUTION AGREEMENTS	Jun. 30, 2015
DISTRIBUTION AGREEMENTS
DISTRIBUTION AGREEMENTS	11.DISTRIBUTION AGREEMENTS As part of the TCCC Transaction, the amended distribution coordination agreements entered into with TCCC provided for the transition of third parties’ rights to distribute the Company’s products in most territories in the U.S. and Canada to members of TCCC’s distribution network, which consists of owned or controlled bottlers/distributors and independent bottling/distribution partners. In February 2015, in accordance with its then existing agreements with certain affected third-party distributors, Old Monster sent notices of termination to the applicable affected third-party distributors in the U.S., providing for the termination of their respective distribution agreements. The associated distribution rights relating to such terminated distribution agreements have been transitioned to the TCCC distribution network as of the effective date of termination of the affected third-party distributors’ rights in the applicable territories. As of August 10, 2015, distribution rights in the U.S. representing approximately 89% of the target case sales (see Note 3), have been transitioned to TCCC’s distribution network. In accordance with ASC No. 420 “Exit or Disposal Cost Obligations”, the Company expenses distributor termination costs in the period in which the written notification of termination occurs. As a result, the Company incurred termination costs of $12.2 million and $218.2 million for the three- and six-months ended June 30, 2015. Such termination costs have been expensed in full and are included in operating expenses for the three- and six-months ended June 30, 2015. In the normal course of business, amounts received pursuant to new and/or amended distribution agreements entered into with certain distributors, relating to the costs associated with terminating agreements with the Company’s prior distributors, are accounted for as deferred revenue and are recognized as revenue ratably over the anticipated life of the respective distribution agreement, generally 20 years. Revenue recognized was $3.2 million and $3.8 million for the three-months ended June 30, 2015 and 2014, respectively. Revenue recognized was $46.5 million and $7.5 million for the six-months ended June 30, 2015 and 2014, respectively. Included in the $46.5 million of revenue recognized for the six-months ended June 30, 2015 was $39.8 million related to the accelerated amortization of the deferred revenue balances associated with certain of the Company’s prior distributors who were sent notices of termination during the first quarter of 2015, as described above.

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 30, 2015
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	12.COMMITMENTS AND CONTINGENCIES The Company had purchase commitments aggregating approximately $39.3 million at June 30, 2015, which represented commitments made by the Company and its subsidiaries to various suppliers of raw materials for the production of its products. These obligations vary in terms, but are generally satisfied within one year. The Company had contractual obligations aggregating approximately $87.2 million at June 30, 2015, which related primarily to sponsorships and other marketing activities. The Company had operating lease commitments aggregating approximately $11.2 million at June 30, 2015, which related primarily to warehouse and office space. In April 2015, the Company entered into an agreement, subject to the attainment of requisite entitlements, to acquire approximately 56 acres of vacant land located in Jurupa Valley, CA for an estimated purchase price of $38.1 million. The Company was unable to secure the requisite entitlements and therefore terminated this agreement. Legal Proceedings The Company has been named a defendant in various personal injury lawsuits, claiming that the death or other serious injury of the plaintiffs was caused by consumption of Monster Energy® drinks. The plaintiffs in these lawsuits allege strict product liability, negligence, fraudulent concealment, breach of implied warranties and wrongful death. The Company believes that each complaint is without merit and plans a vigorous defense. The Company also believes that any damages, if awarded, would not have a material adverse effect on the Company’s financial position or results of operations. State Attorney General Inquiry – In July 2012, the Company received a subpoena from the Attorney General for the State of New York in connection with its investigation concerning the Company’s advertising, marketing, promotion, ingredients, usage and sale of its Monster Energy® brand energy drinks. Production of documents pursuant to that subpoena was completed in approximately May 2014. On August 6, 2014, the Attorney General for the State of New York issued a second subpoena seeking additional documents and the deposition of a Company employee. On September 8, 2014, the Company moved to quash the second subpoena in the Supreme Court, New York County. The motion was fully briefed and was argued on March 17, 2015. No decision has been rendered. It is unknown what, if any, action the state attorney general may take against the Company, the relief which may be sought in the event of any such proceeding or whether such proceeding could have a material adverse effect on the Company’s business, financial condition or results of operations. San Francisco City Attorney Litigation – On October 31, 2012, the Company received a written request for information from the City Attorney for the City and County of San Francisco concerning the Company’s advertising and marketing of its Monster Energy® brand energy drinks and specifically concerning the safety of its products for consumption by adolescents. In a letter dated March 29, 2013, the San Francisco City Attorney threatened to bring suit against the Company if it did not agree to take the following five steps immediately: (i) “Reformulate its products to lower the caffeine content to safe levels” - (ii) “Provide adequate warning labels”; (iii) “Cease promoting over-consumption in marketing”; (iv) “Cease use of alcohol and drug references in marketing”; and (v) “Cease targeting minors.” (i) The Company Action – On April 29, 2013, the Company and its wholly owned subsidiary, Monster Energy Company, filed a complaint for declaratory and injunctive relief against the San Francisco City Attorney (the “Company Action”) in United States District Court for the Central District of California (the “Central District Court”), styled Monster Beverage Corp., et al. v. Dennis Herrera. The Company sought a declaration from the Central District Court that the San Francisco City Attorney’s investigation and demands are impermissible and preempted, subject to the doctrine of primary jurisdiction, are unconstitutional in that they violate the First and Fourteenth Amendments’ prohibitions against compelled speech, content-based speech and commercial speech, are impermissibly void-for-vagueness, and/or violate the Commerce Clause. On June 3, 2013, the City Attorney filed a motion to dismiss the Company Action, arguing in part that the complaint should be dismissed in light of the San Francisco Action (described below) filed on May 6, 2013. On August 22, 2013, the Central District Court granted in part and denied in part the City Attorney’s motion. On October 17, 2013, the City Attorney filed a renewed motion to dismiss the Company Action and on December 16, 2013, the Central District Court granted the City Attorney’s renewed motion, dismissing the Company Action. The Company filed a Notice of Appeal to the Ninth Circuit on December 18, 2013. The appeal is fully briefed but has not yet been set for argument. (ii) The San Francisco Action – On May 6, 2013, the San Francisco City Attorney filed a complaint for declaratory and injunctive relief, civil penalties and restitution for alleged violation of California’s Unfair Competition Law, Business & Professions Code sections 17200, et seq., styled People Of The State Of California ex rel. Dennis Herrera, San Francisco City Attorney v. Monster Beverage Corporation, in San Francisco Superior Court (the “San Francisco Action”). The City Attorney alleges that the Company (1) mislabeled its products as a dietary supplement, in violation of California’s Sherman Food, Drug and Cosmetic Law, California Health & Safety Code sections 109875 et. seq.; (2) is selling an “adulterated” product because caffeine is not generally recognized as safe (“GRAS”) due to the alleged lack of scientific consensus concerning the safety of the levels of caffeine in the Company’s products; and (3) is engaged in unfair and misleading business practices because its marketing (a) does not disclose the health risks that energy drinks pose for children and teens; (b) fails to warn against and promotes unsafe consumption; (c) implicitly promotes mixing of energy drinks with alcohol or drugs; and (d) is deceptive because it includes unsubstantiated claims about the purported special benefits of its “killer” ingredients and “energy blend.” The City Attorney sought a declaration that the Company has engaged in unfair and unlawful business acts and practices in violation of the Unfair Competition Law; an injunction from performing or proposing to perform any acts in violation of the Unfair Competition Law; restitution; and civil penalties. After a motion to strike filed by the Company was granted in part, on March 20, 2014, the City Attorney filed an amended complaint, adding allegations supporting the theory for relief as to which the Court had granted the motion to strike. On April 18, 2014, the Company filed a renewed motion to strike, as well as a motion asking the Court to bifurcate and/or stay claims relating to the safety of Monster Energy® drinks, pending resolution of the ongoing FDA investigation of the safety and labeling of food products to which caffeine is added. On May 22, 2014, the Court denied the Company’s motion to strike and motion to bifurcate and/or stay claims relating to safety. On September 5, 2014, the City Attorney filed a second amended complaint, adding Monster Energy Company as a defendant. The Company and Monster Energy Company filed answers to the second amended complaint on October 4, 2014 and November 10, 2014, respectively. Discovery is ongoing. The Court has set the case for a two-week bench trial beginning on February 8, 2016. The Company denies that it has violated the Unfair Competition Law or any other law and believes that the City Attorney’s claims and demands are preempted and unconstitutional, as alleged in the action the Company filed in the Central District Court. The Company intends to vigorously defend against this lawsuit. At this time, no evaluation of the likelihood of an unfavorable outcome or range of potential loss can be expressed. The actions or investigations described above have not progressed to a point where a reasonably possible range of losses associated with their ultimate outcome can be estimated at this time. If the final resolution of any such litigation or proceedings is unfavorable, the Company’s financial condition, operating results and cash flows could be materially affected. In addition to the above matters, the Company has been named as a defendant in various false advertising putative class actions and in a private attorney general action. In these actions, plaintiffs allege that defendants misleadingly labeled and advertised Monster Energy® brand products that allegedly were ineffective for the advertised benefits (including, but not limited to, an allegation that the products do not hydrate as advertised because they contain caffeine). The plaintiffs further allege that the Monster Energy® brand products at issue are unsafe because they contain one or more ingredients that allegedly could result in illness, injury or death. In connection with these product safety allegations, the plaintiffs claim that the product labels did not provide adequate warnings and/or that the Company did not include sufficiently specific statements with respect to contra-indications and/or adverse reactions associated with the consumption of its energy drink products (including, but not limited to, claims that certain ingredients, when consumed individually or in combination with other ingredients, could result in high blood pressure, palpitations, liver damage or other negative health effects and/or that the products themselves are unsafe). Based on these allegations, the plaintiffs assert claims for violation of state consumer protection statutes, including unfair competition and false advertising statutes, and for breach of warranty and unjust enrichment. In their prayers for relief, the plaintiffs seek, inter alia, compensatory and punitive damages, restitution, attorneys’ fees, and, in some cases, injunctive relief. The Company regards these cases and allegations as having no merit. Furthermore, the Company is subject to litigation from time to time in the normal course of business, including intellectual property litigation and claims from terminated distributors. Although it is not possible to predict the ultimate outcome of such litigation, based on the facts known to the Company, management believes that such litigation in the aggregate will likely not have a material adverse effect on the Company’s financial position or results of operations. The Company evaluates, on a quarterly basis, developments in legal proceedings and other matters that could cause an increase or decrease in the amount of the liability that is accrued, if any, or in the amount of any related insurance reimbursements recorded. As of June 30, 2015, the Company’s consolidated balance sheet includes accrued loss contingencies of approximately $2.4 million.

ACCUMULATED OTHER COMPREHENSIVE LOSS

6 Months Ended

Jun. 30, 2015

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

13.ACCUMULATED OTHER COMPREHENSIVE LOSS

Changes in accumulated other comprehensive loss by component, after tax, for the six-months ended June 30, 2015 are as follows:

	Currency Translation Losses
Balance at December 31, 2014	$	11,453
Other comprehensive loss before reclassifications	-
Amounts reclassified from accumulated other comprehensive loss	-
Net current-period other comprehensive loss	7,620

Balance at June 30, 2015	$	19,073

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e640-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e716-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e709-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

TREASURY STOCK	6 Months Ended
TREASURY STOCK	Jun. 30, 2015
TREASURY STOCK
TREASURY STOCK	14.TREASURY STOCK On June 12, 2015, as part of the TCCC Transaction, the Company cancelled 41.5 million shares of treasury stock owned by the Company. The cancelled stock had a carrying value of approximately $1,482.6 million. The Company’s accounting policy upon the formal retirement of treasury stock is to deduct its par value from common stock and to reflect any excess of cost over par as a deduction from retained earnings. On April 7, 2013, the Company’s Board of Directors authorized a new share repurchase program for the repurchase of up to $200.0 million of the Company’s outstanding common stock (the “April 2013 Repurchase Plan”). During the six-months ended June 30, 2015, no shares of common stock were purchased under the April 2013 Repurchase Plan. During the period from April 1, 2015 to June 12, 2015, 0.001 million shares were purchased from employees in lieu of cash payments for options exercised or withholding taxes due for a total amount of $0.1 million. While such purchases are considered common stock repurchases, they are not counted as purchases against the Company’s authorized share repurchase programs, including the April 2013 Repurchase Plan. These shares are included in the cancellation of treasury shares as described above in connection with the TCCC Transaction. During the period from June 13, 2015 to June 30, 2015, 1.2 million shares were purchased from employees in lieu of cash payments for options exercised or withholding taxes due for a total amount of $160.7 million. While such purchases are considered common stock repurchases, they are not counted as purchases against the Company’s authorized share repurchase programs, including the April 2013 Repurchase Plan. Such shares are included in common stock in treasury in the accompanying condensed consolidated balance sheet at June 30, 2015.

STOCK-BASED COMPENSATION

6 Months Ended

Jun. 30, 2015

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

15.STOCK-BASED COMPENSATION

The Company has two stock-based compensation plans under which shares were available for grant at June 30, 2015: the Monster Beverage Corporation 2011 Omnibus Incentive Plan (the “2011 Omnibus Incentive Plan”) and the 2009 Monster Beverage Corporation Stock Incentive Plan for Non-Employee Directors (the “2009 Directors Plan”).

The Company recorded $8.5 million and $8.1 million of compensation expense relating to outstanding options, restricted stock awards, stock appreciation rights and restricted stock units during the three-months ended June 30, 2015 and 2014, respectively. The Company recorded $14.8 million and $15.1 million of compensation expense relating to outstanding options, restricted stock awards, stock appreciation rights and restricted stock units during the six-months ended June 30, 2015 and 2014, respectively.

The excess tax benefit realized for tax deductions from non-qualified stock option exercises, disqualifying dispositions of incentive stock options, vesting of restricted stock units and restricted stock awards for the three-months ended June 30, 2015 and 2014 was $115.6 million and $0.7 million, respectively. The excess tax benefit realized for tax deductions from non-qualified stock option exercises, disqualifying dispositions of incentive stock options, vesting of restricted stock units and restricted stock awards for the six-months ended June 30, 2015 and 2014 was $300.3 million and $3.3 million, respectively.

Stock Options

Under the Company’s stock-based compensation plans, all stock options granted as of June 30, 2015 were granted at prices based on the fair value of the Company’s common stock on the date of grant. The Company records compensation expense for employee stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes-Merton option pricing formula with the assumptions included in the table below. The Company records compensation expense for non-employee stock options based on the estimated fair value of the options as of the earlier of (1) the date at which a commitment for performance by the non-employee to earn the stock option is reached or (2) the date at which the non-employee’s performance is complete, using the Black-Scholes-Merton option pricing formula with the assumptions included in the table below. The Company uses historical data to determine the exercise behavior, volatility and forfeiture rate of the options.

The following weighted-average assumptions were used to estimate the fair value of options granted during:

	Three-Months Ended June 30,		Six-Months Ended June 30,
	2015	2014	2015	2014
Dividend yield	0.0%	0.0%	0.0%	0.0%
Expected volatility	37.0%	37.4%	37.1%	42.4%
Risk-free interest rate	1.5%	1.6%	1.6%	1.6%
Expected term	5.8 years	5.6 years	5.8 years	5.9 years

Expected Volatility: The Company uses historical volatility as it provides a reasonable estimate of the expected volatility. Historical volatility is based on the most recent volatility of the stock price over a period of time equivalent to the expected term of the option.

Risk-Free Interest Rate: The risk-free interest rate is based on the U.S. Treasury zero coupon yield curve in effect at the time of grant for the expected term of the option.

Expected Term: The Company’s expected term represents the weighted-average period that the Company’s stock options are expected to be outstanding. The expected term is based on expected time to post-vesting exercise of options by employees. The Company uses historical exercise patterns of previously granted options to derive employee behavioral patterns used to forecast expected exercise patterns.

The following table summarizes the Company’s activities with respect to its stock option plans as follows:

				Weighted-
		Weighted-		Average
		Average		Remaining
	Number of	Exercise		Contractual
Options	Shares (In thousands)	Price Per Share		Term (In years)	Aggregate Intrinsic Value
Outstanding at January 1, 2015	13,066	$	19.73	3.1	$	1,158,412
Granted 01/01/15 - 03/31/15	903	$	133.68
Granted 04/01/15 - 06/30/15	33	$	133.43
Exercised	(7,052)	$	5.93
Cancelled or forfeited	(60)	$	57.50

Outstanding at June 30, 2015	6,890	$	49.01	6.0	$	586,962
Vested and expected to vest in the future at June 30, 2015	6,446	$	45.78	5.8	$	569,888
Exercisable at June 30, 2015	4,052	$	23.45	4.2	$	448,009

The weighted-average grant-date fair value of options granted during the three-months ended June 30, 2015 and 2014 was $49.72 per share and $25.71 per share, respectively. The weighted-average grant-date fair value of options granted during the six-months ended June 30, 2015 and 2014 was $50.14 per share and $29.35 per share, respectively. The total intrinsic value of options exercised during the three-months ended June 30, 2015 and 2014 was $314.0 million and $3.7 million, respectively. The total intrinsic value of options exercised during the six-months ended June 30, 2015 and 2014 was $829.7 million and $15.1 million, respectively.

Cash received from option exercises under all plans for the three-months ended June 30, 2015 and 2014 was approximately $22.7 million and $2.0 million, respectively. Cash received from option exercises under all plans for the six-months ended June 30, 2015 and 2014 was approximately $41.7 million and $7.7 million, respectively.

At June 30, 2015, there was $81.6 million of total unrecognized compensation expense related to non-vested options granted to employees under the Company’s share-based payment plans. That cost is expected to be recognized over a weighted-average period of 3.1 years.

Restricted Stock Awards and Restricted Stock Units

Stock-based compensation cost for restricted stock awards and restricted stock units is measured based on the closing fair market value of the Company’s common stock at the date of grant. In the event that the Company has the option and intent to settle a restricted stock unit in cash, the award is classified as a liability and revalued at each balance sheet date.

The following table summarizes the Company’s activities with respect to non-vested restricted stock awards and non-vested restricted stock units as follows:

		Weighted
	Number of	Average
	Shares (in	Grant-Date
	thousands)	Fair Value
Non-vested at January 1, 2015	149	$	61.09
Granted 01/01/15 - 03/31/15	83	$	135.48
Granted 04/01/15 - 06/30/15
Vested	(21)	$	59.10
Forfeited/cancelled	(11)	$	61.66

Non-vested at June 30, 2015	200	$	91.94

No restricted stock units or restricted stock awards were granted during the three-months ended June 30, 2015. The weighted-average grant-date fair value of restricted stock units and restricted stock awards granted during the three-months ended June 30, 2014 was $69.00 per share. The weighted-average grant-date fair value of restricted stock units and restricted stock awards granted during the six-months ended June 30, 2015 and 2014 was $135.48 and $69.00 per share, respectively. As of June 30, 2015, 0.2 million of restricted stock units and restricted stock awards are expected to vest over their respective terms.

At June 30, 2015, total unrecognized compensation expense relating to non-vested restricted stock awards and non-vested restricted stock units was $14.4 million, which is expected to be recognized over a weighted-average period of 2.2 years.

INCOME TAXES

6 Months Ended

Jun. 30, 2015

INCOME TAXES

INCOME TAXES

16.INCOME TAXES

The following is a roll-forward of the Company’s total gross unrecognized tax benefits, not including interest and penalties, for the six-months ended June 30, 2015:

	Gross Unrecognized Tax Benefits
Balance at December 31, 2014	$	935
Additions for tax positions related to the current year	-
Additions for tax positions related to the prior year	-
Decreases related to settlement with taxing authority	-

Balance at June 30, 2015	$	935

The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes in the Company’s condensed consolidated financial statements. As of June 30, 2015, the Company had accrued approximately $0.5 million in interest and penalties related to unrecognized tax benefits. If the Company were to prevail on all uncertain tax positions, the resultant impact on the Company’s effective tax rate would not be significant. It is expected that the change in the amount of unrecognized tax benefits within the next 12 months will not be significant.

The Company is subject to U.S. federal income tax as well as to income tax in multiple state and foreign jurisdictions.

The Company is in various stages of examination with certain states and certain foreign jurisdictions. The 2012 and 2013 U.S. federal income tax returns are subject to examination by the Internal Revenue Service. State income tax returns are subject to examination for the 2010 through 2013 tax years.

EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2015

EARNINGS PER SHARE

EARNINGS PER SHARE

17.EARNINGS PER SHARE

A reconciliation of the weighted-average shares used in the basic and diluted earnings per common share computations is presented below:

	Three-Months Ended		Six-Months Ended
	June 30,		June 30,
	2015	2014	2015	2014
Weighted-average shares outstanding:
Basic	176,985	167,098	173,447	167,006
Dilutive securities	4,432	6,866	4,551	6,863

Diluted	181,417	173,964	177,998	173,869

For the three-months ended June 30, 2015 and 2014, options and awards outstanding totaling 1.1 million shares and 1.2 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive. For the six-months ended June 30, 2015 and 2014, options and awards outstanding totaling 0.8 million shares and 0.9 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.

SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2015

SEGMENT INFORMATION

SEGMENT INFORMATION

18.SEGMENT INFORMATION

In the second quarter of 2015, as a result of the acquisitions and divestitures in connection with the TCCC Transaction, the Company revised its reportable segments to reflect managements’ current view of the business and to align its external financial reporting with its new operating and internal financial reporting model. Historical segment information has been revised to reflect the effect of this change.

The Company has three operating and reportable segments, (i) Finished Products, which is comprised of the Company’s Monster Energy® drink products (previously comprising the majority of the former Direct Store Delivery segment) (“Finished Products”), (ii) Concentrate, the principal products of which include the various energy drink brands acquired from TCCC as a result of the TCCC Transaction (“Concentrate”) and (iii) Other, the principal products of which include the brands disposed of as a result of the TCCC Transaction (previously comprising the majority of the former Warehouse segment and the Peace Tea® brand).

The Company’s Finished Product segment generates net operating revenues by selling finished energy drinks to full service beverage distributors, retail grocery and specialty chains, wholesalers, club stores, drug chains, mass merchandisers, convenience chains, health food distributors, food service customers and the military.

The Company’s Concentrate segment generates net operating revenues by selling “concentrates” and/or “beverage bases” to authorized bottling and canning operations. Such bottlers generally combine the concentrates and/or beverage bases with sweeteners and water to produce finished beverages. The finished energy drinks are packaged in authorized containers bearing the Company’s respective trademarks, such as cans and bottles, and are then sold to retailers directly or, in some cases, through wholesalers or other bottlers.

Generally, the Finished Products segment generates higher net operating revenues but lower gross profit margins than the Concentrate segment.

Corporate and unallocated amounts that do not relate to a reportable segment have been allocated to “Corporate & Unallocated.” No asset information, other than goodwill and other intangible assets, has been provided for in the Company’s reportable segments as management does not measure or allocate such assets on a segment basis.

The net revenues derived from the Company’s reportable segments and other financial information related thereto for the three- and six-months ended June 30, 2015 and 2014 are as follows:

	Three-Months Ended				Six-Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Net sales:
Finished Products(1)	$	651,228	$	643,404	$	1,246,710	$	1,145,345
Concentrate	12,978		-		12,978		-
Other	29,516		43,795		60,824		77,984
Corporate and unallocated	-		-		-		-

	$	693,722	$	687,199	$	1,320,512	$	1,223,329


	Three-Months Ended				Six-Months Ended
	June 30,				June 30,

	2015		2014		2015		2014

Operating Income:
Finished Products(1) (2)	$	251,551	$	254,414	$	307,172	$	439,317
Concentrate	9,084		-		9,084		-
Other(3)	163,661		3,053		165,660		4,914
Corporate and unallocated	(58,157)		(41,654)		(108,149)		(79,554)

	$	366,139	$	215,813	$	373,767	$	364,677


	Three-Months Ended				Six-Months Ended
	June 30,				June 30,

	2015		2014		2015		2014

Income before tax:
Finished Products(1) (2)	$	251,740	$	254,686	$	307,435	$	439,616
Concentrate	9,084		-		9,084		-
Other(3)	163,661		3,053		165,660		4,914
Corporate and unallocated	(59,361)		(41,748)		(108,194)		(79,521)

	$	365,124	$	215,991	$	373,985	$	365,009

(1)

Includes $3.2 million and $3.8 million for the three-months ended June 30, 2015 and 2014, respectively, related to the recognition of deferred revenue. Includes $46.5 million and $7.5 million for the six-months ended June 30, 2015 and 2014, respectively, related to the recognition of deferred revenue.

(2)

Includes $12.2 million and $0.5 million for the three-months ended June 30, 2015 and 2014, respectively, related to distributor termination costs. Includes $218.2 million and $0.5 million for the six-months ended June 30, 2015 and 2014, respectively, related to distributor termination costs.

(3)

Includes $161.5 million gain on the sale of Monster Non-Energy for the three- and six-months ended June 30, 2015.

	Three-Months Ended				Six-Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Depreciation and amortization
Finished Products	$	5,093	$	4,971	$	10,148	$	9,870
Concentrate	345		-		345		-
Other	92		129		231		256
Corporate and unallocated	1,250		1,445		2,525		2,869

	$	6,780	$	6,545	$	13,249	$	12,995

	June 30,		December 31,
	2015		2014
Goodwill and other intangible assets:
Finished Products	$	839,588	$	50,748
Concentrate	876,355		-
Other	-		18,079
Corporate and unallocated	-		-

	$	1,715,943	$	68,827

Corporate and unallocated expenses for the three-months ended June 30, 2015 include $28.3 million of payroll costs, of which $8.5 million was attributable to stock-based compensation expense (see Note 15, “Stock-Based Compensation”), as well as $21.8 million attributable to professional service expenses, including accounting and legal costs, and $8.1 million of other operating expenses. Corporate and unallocated expenses for the three-months ended June 30, 2014 include $21.6 million of payroll costs, of which $8.1 million was attributable to stock-based compensation expense (see Note 15, “Stock-Based Compensation”), as well as $15.3 million attributable to professional service expenses, including accounting and legal costs, and $4.8 million attributable to other operating expenses.

Corporate and unallocated expenses for the six-months ended June 30, 2015 include $56.9 million of payroll costs, of which $14.8 million was attributable to stock-based compensation expense (see Note 15, “Stock-Based Compensation”), as well as $36.3 million attributable to professional service expenses, including accounting and legal costs, and $14.9 million attributable to other operating expenses. Corporate and unallocated expenses for the six-months ended June 30, 2014 include $42.6 million of payroll costs, of which $15.1 million was attributable to stock-based compensation expense (see Note 15, “Stock-Based Compensation”), as well as $25.4 million attributable to professional service expenses, including accounting and legal costs, and $11.6 million attributable to other operating expenses.

Coca-Cola Refreshments USA Inc. (“CCR”) accounted for approximately 45% and 28% of the Company’s net sales for the three-months ended June 30, 2015 and 2014, respectively. CCR accounted for approximately 40% and 29% of the Company’s net sales for the six-months ended June 30, 2015 and 2014, respectively.

Net sales to customers outside the United States amounted to $151.3 million and $148.4 million for the three-months ended June 30, 2015 and 2014, respectively. Net sales to customers outside the United States amounted to $264.3 million and $264.1 million for the six-months ended June 30, 2015 and 2014, respectively.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2015

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

19.RELATED PARTY TRANSACTIONS

As a result of the TCCC Transaction, TCCC controls more than 10% of the voting interests of the Company. TCCC, through certain affiliated companies (collectively, the “TCCC Companies”) purchases and distributes certain of the Company’s products both domestically and in certain international territories. The Company also pays TCCC a sales commission on certain sales to third party distributors within the TCCC bottling network. Net sales to the TCCC Companies for the three-months ended June 30, 2015 and 2014 were $310.8 million and $192.7 million, respectively. Net Sales to the TCCC Companies for the six-months ended June 30, 2015 and 2014 were $529.8 million and $358.7 million respectively. Commission expenses for the three-months ended June 30, 2015 and 2014 were $1.8 million and $0.3 million, respectively. Commission expenses for the six-months ended June 30, 2015 and 2014 were $1.8 million and $0.9 million, respectively. Accounts receivable, accounts payable and accrued promotional allowances related to the TCCC Companies are as follows at:

	June 30, 2015		December 31, 2014

Accounts receivable, net	$	168,497	$	79,404
Accounts payable	$	18,264	$	13,203
Accrued promotional allowances	$	38,569	$	21,160

Two directors and officers of the Company and their families are principal owners of a company that provides promotional materials to the Company. Expenses incurred with such company in connection with promotional materials purchased during the three-months ended June 30, 2015 and 2014 were $0.3 million and $0.2 million, respectively. Expenses incurred with such company in connection with promotional materials purchased during the six-months ended June 30, 2015 and 2014 were $1.2 million and $0.3 million, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

ADDITIONS TO SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
ADDITIONS TO SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2015
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Business Combinations	Business Combinations – Business acquisitions are accounted for in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805 “Business Combinations”. ASC 805 requires the reporting entity to identify the acquirer, determine the acquisition date, recognize and measure the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquired entity, and recognize and measure goodwill or a gain from the purchase. The acquiree’s results are included in the Company’s consolidated financial statements from the date of acquisition. Assets acquired and liabilities assumed are recorded at their fair values and the excess of the purchase price over the amounts assigned is recorded as goodwill, or if the fair value of the assets acquired exceeds the purchase price consideration, a bargain purchase gain is recorded. Adjustments to fair value assessments are recorded to goodwill over the measurement period (not longer than twelve months). The acquisition method also requires that acquisition-related transaction and post-acquisition restructuring costs be charged to expense and requires the Company to recognize and measure certain assets and liabilities including those arising from contingencies and contingent consideration in a business combination.
Goodwill	Goodwill – The Company records goodwill when the consideration paid for an acquisition exceeds the fair value of net tangible and intangible assets acquired, including related tax effects. Goodwill is not amortized; instead goodwill is tested for impairment on an annual basis, or more frequently if the Company believes indicators of impairment exist. The Company first assesses qualitative factors to determine whether it is more-likely-than-not that the fair value of a reporting unit is less than its carrying value. If the Company determines that the fair value is less than the carrying value, the Company will use a two-step process to determine the amount of goodwill impairment. The first step requires comparing the fair value of the reporting unit to its net book value, including goodwill. A potential impairment exists if the fair value of the reporting unit is lower than its net book value. The second step of the process, performed only if a potential impairment exists, involves determining the difference between the fair value of the reporting unit’s net assets, other than goodwill, and the fair value of the reporting unit. An impairment charge is recognized for the excess of the carrying value of goodwill over its implied fair value.

ACQUISITIONS AND DIVESTITURES (Tables)

6 Months Ended

Jun. 30, 2015

ACQUISITIONS AND DIVESTITURES

Summary of amounts in the escrow fund in excess of the applicable amounts

Percentage Transitioned		Escrow Release
40%		Amounts in excess of $375 million
50%		Amounts in excess of $312.5 million
60%		Amounts in excess of $250 million
70%		Amounts in excess of $187.5 million
80%		Amounts in excess of $125 million
90%		Amounts in excess of $62.5 million
95%		All remaining amounts

Summary of TCCC Transaction consideration allocation

	Identifiable Assets Acquired and Liabilities Assumed			Consideration Transferred
Equity issued to TCCC for cash (22.2 million shares issued)	$	-		$	1,647,333
Equity issued to TCCC for KO Energy (11.8 million shares issued)	-			1,521,802
KO Energy intangibles - trademarks (non-amortizing)	325,500			-
KO Energy intangibles - customer relationships (amortizing)	35,000			-
KO Energy intangibles - other (non-amortizing)	13,700			-
KO Energy inventories	6,144			-
KO Energy accounts payable	(2,758		)	-
Goodwill	1,287,777			-
Deferred tax liability	(143,561		)	-
New and amended U.S. distribution rights transferred to TCCC’s distribution network	-			304,658
Monster Non-Energy business transferred to TCCC	-			198,009
Cash and escrow receivable	2,150,000			-

Total	$	3,671,802		$	3,671,802

Schedule of pro forma condensed combined financial information

	Three-Months Ended June 30, 2015
					Pro Forma Adjustments
	Monster Beverage Corporation as reported¹		KO Energy²		Disposal of Monster Non- Energy³		Other		Pro Forma Combined
Net sales	$	693,722	$	57,422	$	(29,516)	$	3,089	$	724,717
Net income	229,004		41,136		(100,652)		(11,659)		157,829

	Three-Months Ended June 30, 2014
					Pro Forma Adjustments
	Monster Beverage Corporation as reported		KO Energy		Disposal of Monster Non-Energy		Other		Pro Forma Combined
Net sales	$	687,199	$	85,608	$	(43,796)	$	3,851	$	732,862
Net income	141,003		54,614		(1,878)		(24,978)		168,761

¹Includes net sales of $13.0 million and net income of $5.8 million related to the acquired KO Energy assets since the date of acquisition, June 12, 2015.

³Includes results through June 12, 2015. Net income includes gain recognized on the sale of Monster Non-Energy of $161.5 million (as tax affected).

	Six-Months Ended June 30, 2015
					Pro Forma Adjustments
	Monster Beverage Corporation as reported¹		KO Energy²		Disposal of Monster Non- Energy³		Other		Pro Forma Combined
Net sales	$	1,320,512	$	138,127	$	(60,824)	$	6,897	$	1,404,712
Net income	233,417		100,575		(101,881)		(36,608)		195,503

	Six-Months Ended June 30, 2014
					Pro Forma Adjustments
	Monster Beverage Corporation as reported		KO Energy		Disposal of Monster Non- Energy		Other		Pro Forma Combined
Net sales	$	1,223,329	$	171,216	$	(77,984)	$	7,659	$	1,324,220
Net income	236,254		109,228		(3,021)		(50,614)		291,847

¹Includes net sales of $13.0 million and net income of $5.8 million related to the acquired KO Energy assets since the date of acquisition, June 12, 2015.

³Includes results through June 12, 2015. Net income includes gain recognized on the sale of Monster Non-Energy of $161.5 million (as tax affected).

Schedule of other pro-forma adjustments

	Three-Months		Three-Months		Six-Months		Six-Months
	Ended		Ended		Ended		Ended
	June 30, 2015		June 30, 2014		June 30, 2015		June 30, 2014
Net sales:
Amortization of deferred revenue	$	3,089	$	3,851	$	6,897	$	7,659

Net income:
Amortization of deferred revenue	$	3,089	$	3,851	$	6,897	$	7,659
To record sales commissions	(6,431)		(9,588)		(15,470)		(19,176		)
To record amortization of definite lived KO Energy intangibles	(1,400)		(1,745)		(3,126)		(3,471		)
To eliminate TCCC Transaction expenses	11,536		1,068		15,134		1,068
Estimated provision for income taxes on pro forma adjustments	(2,616)		2,470		(1,322)		5,359
Estimated provision for income taxes on KO Energy income	(15,837)		(21,034)		(38,721)		(42,053		)

Total	$	(11,659)	$	(24,978)	$	(36,608)	$	(50,614	)

INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2015

INVESTMENTS

Summary of investments in held-to-maturity, available-for-sale and trading securities

June 30, 2015	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Fair Value		Continuous Unrealized Loss Position less than 12 Months		Continuous Unrealized Loss Position greater than 12 Months
Held-to-Maturity
Short-term:
Commercial paper	$	182,130	$	-	$	-	$	182,130	$	-	$	-
U.S. Treasuries	74,981		6		-		74,987		-		-
Certificates of deposit	32,001		-		-		32,001		-		-
Municipal securities	587,740		82		42		587,780		42		-
U.S. government agency securities	350,859		27		10		350,876		10		-
Long-term:
Municipal securities	52,364		33		5		52,392		5		-
U.S. government agency securities	-		-		-		-		-		-
Available-for-sale
Variable rate demand notes	3,901		-		-		3,901		-		-

Total	$	1,283,976	$	148	$	57	1,284,067		$	57	$	-

Trading
Short-term:
Auction rate securities							3,246
Long-term:
Auction rate securities							-

Total							$	1,287,313


December 31, 2014	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Fair Value		Continuous Unrealized Loss Position less than 12 Months		Continuous Unrealized Loss Position greater than 12 Months

Held-to-Maturity
Short-term:
Commercial paper	$	19,482	$	-	$	2	$	19,480	$	-	$	-
Municipal securities	744,542		105		-		744,647		-		-
U.S. government agency securities	9,199		-		1		9,198		-		-
Long-term:
Municipal securities	42,940		10		-		42,950		-		-
Available-for-sale
Variable rate demand notes	4,001		-		-		4,001		-		-

Total	$	820,164	$	115	$	3	820,276		$	-	$	-

Trading
Short-term:
Auction rate securities							3,910
Long-term:
Auction rate securities							-

Total							$	824,186

Summarizes the underlying contractual maturities of the Company's investments

	June 30, 2015				December 31, 2014

	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Less than 1 year:
Commercial paper	$	182,130	$	182,130	$	19,482	$	19,480
U.S. Treasuries	74,981		74,987		-		-
Certificates of deposit	32,001		32,001		-		-
Municipal securities	587,740		587,780		744,542		744,647
U.S. government agency securities	350,859		350,876		9,199		9,198
Due 1 - 10 years:
Municipal securities	52,364		52,392		42,940		42,950
Due 11 - 20 years:
Auction rate securities	3,246		3,246		3,910		3,910
Due 21 - 30 years:
Variable rate demand notes	3,901		3,901		4,001		4,001

Total	$	1,287,222	$	1,287,313	$	824,074	$	824,186

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2015

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

Schedule of financial assets and liabilities recorded at fair value on a recurring basis


June 30, 2015	Level 1		Level 2		Level 3		Total
Cash	$	174,404	$	-	$	-	$	174,404
Money market funds	688,934		-		-		688,934
Commercial paper	-		365,364		-		365,364
U.S. Treasuries	-		74,981		-		74,981
Certificates of deposit	-		84,002		-		84,002
Municipal securities	-		662,874		-		662,874
U.S. government agency securities	-		925,811		-		925,811
Variable rate demand notes	-		3,901		-		3,901
Auction rate securities	-		-		3,246		3,246
Put option related to auction rate securities	-		-		189		189
Foreign currency derivatives	-		-		(139)		(139)

Total	$	863,338	$	2,116,933	$	3,296	$	2,983,567


Amounts included in:
Cash and cash equivalents	$	863,338	$	832,957	$	-	$	1,696,295
Short-term investments	-		1,231,612		3,246		1,234,858
Accounts receivable, net	-		-		139		139
Investments	-		52,364		-		52,364
Prepaid expenses and other current assets	-		-		189		189
Accrued liabilities	-		-		(278)		(278)

Total	$	863,338	$	2,116,933	$	3,296	$	2,983,567


December 31, 2014	Level 1		Level 2		Level 3		Total

Cash	$	196,090	$	-	$	-	$	196,090
Money market funds	106,928		-		-		106,928
Commercial paper	-		19,482		-		19,482
Municipal securities	-		854,787		-		854,787
U.S. government agency securities	-		9,199		-		9,199
Variable rate demand notes	-		4,001		-		4,001
Auction rate securities	-		-		3,910		3,910
Put option related to auction rate securities	-		-		250		250
Foreign currency derivatives	-		(252)		-		(252)

Total	$	303,018	$	887,217	$	4,160	$	1,194,395


Amounts included in:
Cash and cash equivalents	$	303,018	$	67,305	$	-	$	370,323
Short-term investments	-		777,224		3,910		781,134
Accounts receivable, net	-		83		-		83
Investments	-		42,940		-		42,940
Prepaid expenses and other current assets	-		-		250		250
Accrued liabilities	-		(335)		-		(335)

Total	$	303,018	$	887,217	$	4,160	$	1,194,395

Summary of changes in fair value of the Company's Level 3 financial assets

	Three-Months Ended June 30, 2015						Three-Months Ended June 30, 2014
	Auction Rate Securities			Put Options			Auction Rate Securities			Put Options
Opening Balance	$		3,910	$	250		$		14,526	$	1,024
Transfers into Level 3	-			-			-			-
Transfers out of Level 3	-			-			-			-
Total gains (losses) for the period:
Included in earnings	61			(61)			17			(30)
Included in other comprehensive income	-			-			-			-
Settlements	(725)			-			(1,724)			-

Closing Balance	$		3,246	$	189		$		12,819	$	994


	Six-Months Ended June 30, 2015						Six-Months Ended June 30, 2014

	Auction Rate Securities			Put Options			Auction Rate Securities			Put Options

Opening Balance	$	3,910		$		250	$	16,184		$	1,092
Transfers into Level 3	-			-			-			-
Transfers out of Level 3	-			-			-			-
Total gains (losses) for the period:
Included in earnings	61			(61)			84			(98)
Included in other comprehensive income	-			-			-			-
Settlements	(725)			-			(3,449)			-

Closing Balance	$	3,246		$		189	$	12,819		$	994

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Jun. 30, 2015

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Schedule of notional amount and fair value of all outstanding foreign currency derivative instruments in the condensed consolidated balance sheets

June 30, 2015
Derivatives not designated as hedging instruments under FASB ASC 815-20	Notional Amount		Fair Value		Balance Sheet Location

Assets:
Foreign currency exchange contracts:
Receive USD/pay GBP	$	4,406	$	1	Accounts receivable, net
Receive USD/pay CAD	4,865		60		Accounts receivable, net
Receive USD/pay MXN	7,455		69		Accounts receivable, net
Receive USD/pay COP	1,329		9		Accounts receivable, net

Liabilities:
Foreign currency exchange contracts:
Receive EUR/pay USD	$	15,517	$	(17)	Accrued liabilities
Receive USD/pay AUD		8,551		(72)	Accrued liabilities
Receive USD/pay JPY		9,241		(124)	Accrued liabilities
Receive USD/pay ZAR		12,808		(54)	Accrued liabilities
Receive USD/pay CLP		3,813		(11)	Accrued liabilities

December 31, 2014
Derivatives not designated as hedging instruments under FASB ASC 815-20	Notional Amount		Fair Value		Balance Sheet Location

Assets:
Foreign currency exchange contracts:
Receive CAD/pay USD	$	19,940	$	83	Accounts receivable, net

Liabilities:
Foreign currency exchange contracts:
Receive EUR/pay USD	$	13,265	$	(75)	Accrued liabilities
Receive USD/pay AUD		8,343		(48)	Accrued liabilities
Receive USD/pay JPY		10,620		(84)	Accrued liabilities
Receive USD/pay ZAR		14,760		(105)	Accrued liabilities
Receive USD/pay MXN		4,961		(11)	Accrued liabilities
Receive USD/pay CLP		2,685		(10)	Accrued liabilities
Receive USD/pay COP		2,845		(2)	Accrued liabilities

Schedule of net losses on derivative instruments in the condensed consolidated statements of income

		Amount of loss recognized in income on derivatives
		Three-months ended
Derivatives not designated as hedging instruments under FASB ASC 815-20	Location of loss recognized in income on derivatives	June 30, 2015		June 30, 2014
Foreign currency exchange contracts	Interest and other income, net	$	(63)	$	(406)


		Amount of loss recognized in income on derivatives

		Six-months ended

Derivatives not designated as hedging instruments under FASB ASC 815-20	Location of loss recognized in income on derivatives	June 30, 2015		June 30, 2014

Foreign currency exchange contracts	Interest and other income, net	$	(1,919)	$	(765)

INVENTORIES (Tables)

6 Months Ended

Jun. 30, 2015

INVENTORIES

Schedule of inventories

	June 30, 2015		December 31, 2014
Raw materials	$	58,586	$	59,938
Finished goods	122,306		114,635

	$	180,892	$	174,573

PROPERTY AND EQUIPMENT, Net (Tables)

6 Months Ended

Jun. 30, 2015

PROPERTY AND EQUIPMENT, Net

Schedule of property and equipment

	June 30, 2015		December 31, 2014
Land	$	6,792	$	6,792
Leasehold improvements	2,807		2,796
Furniture and fixtures	3,487		3,371
Office and computer equipment	10,519		10,072
Computer software	1,955		1,317
Equipment	92,807		84,263
Buildings	39,096		37,311
Vehicles	29,022		27,813

	186,485		173,735
Less: accumulated depreciation and amortization	(93,947)		(83,579)

	$	92,538	$	90,156

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2015

GOODWILL AND OTHER INTANGIBLE ASSETS.

Schedule of Goodwill

	Finished Goods		Concentrate		Total
Balance at December 31, 2014	$	-	$	-	$		-
Acquisitions	785,277		502,500		1,287,777

Balance at June 30, 2015	$	785,277	$	502,500	$	1,287,777

Schedule of intangibles

	June 30, 2015		December 31, 2014
Amortizing intangibles	$	35,249	$	233
Accumulated amortization	(396)		(50)

	34,853		183
Non-amortizing intangibles	393,313		50,565

	$	428,166	$		50,748

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

6 Months Ended

Jun. 30, 2015

ACCUMULATED OTHER COMPREHENSIVE LOSS

Changes in accumulated other comprehensive loss by component, after tax

	Currency Translation Losses
Balance at December 31, 2014	$	11,453
Other comprehensive loss before reclassifications	-
Amounts reclassified from accumulated other comprehensive loss	-
Net current-period other comprehensive loss	7,620

Balance at June 30, 2015	$	19,073

STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2015

STOCK-BASED COMPENSATION

Schedule of weighted-average assumptions used to estimate the fair value of options granted

	Three-Months Ended June 30,		Six-Months Ended June 30,
	2015	2014	2015	2014
Dividend yield	0.0%	0.0%	0.0%	0.0%
Expected volatility	37.0%	37.4%	37.1%	42.4%
Risk-free interest rate	1.5%	1.6%	1.6%	1.6%
Expected term	5.8 years	5.6 years	5.8 years	5.9 years

Summary of Company's activities with respect to its stock option plans

				Weighted-
		Weighted-		Average
		Average		Remaining
	Number of	Exercise		Contractual
Options	Shares (In thousands)	Price Per Share		Term (In years)	Aggregate Intrinsic Value
Outstanding at January 1, 2015	13,066	$	19.73	3.1	$	1,158,412
Granted 01/01/15 - 03/31/15	903	$	133.68
Granted 04/01/15 - 06/30/15	33	$	133.43
Exercised	(7,052)	$	5.93
Cancelled or forfeited	(60)	$	57.50

Outstanding at June 30, 2015	6,890	$	49.01	6.0	$	586,962
Vested and expected to vest in the future at June 30, 2015	6,446	$	45.78	5.8	$	569,888
Exercisable at June 30, 2015	4,052	$	23.45	4.2	$	448,009

Summary of Company's activities with respect to non-vested restricted stock awards and non-vested restricted stock units

		Weighted
	Number of	Average
	Shares (in	Grant-Date
	thousands)	Fair Value
Non-vested at January 1, 2015	149	$	61.09
Granted 01/01/15 - 03/31/15	83	$	135.48
Granted 04/01/15 - 06/30/15
Vested	(21)	$	59.10
Forfeited/cancelled	(11)	$	61.66

Non-vested at June 30, 2015	200	$	91.94

INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2015

INCOME TAXES

Schedule of roll-forward of the Company's total gross unrecognized tax benefits, not including interest and penalties

	Gross Unrecognized Tax Benefits
Balance at December 31, 2014	$	935
Additions for tax positions related to the current year	-
Additions for tax positions related to the prior year	-
Decreases related to settlement with taxing authority	-

Balance at June 30, 2015	$	935

EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2015

EARNINGS PER SHARE

Schedule of reconciliation of the weighted average shares used in the basic and diluted earnings per common share computations

	Three-Months Ended		Six-Months Ended
	June 30,		June 30,
	2015	2014	2015	2014
Weighted-average shares outstanding:
Basic	176,985	167,098	173,447	167,006
Dilutive securities	4,432	6,866	4,551	6,863

Diluted	181,417	173,964	177,998	173,869

SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2015

SEGMENT INFORMATION

Schedule of net revenues and other financial information by segment

	Three-Months Ended				Six-Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Net sales:
Finished Products(1)	$	651,228	$	643,404	$	1,246,710	$	1,145,345
Concentrate	12,978		-		12,978		-
Other	29,516		43,795		60,824		77,984
Corporate and unallocated	-		-		-		-

	$	693,722	$	687,199	$	1,320,512	$	1,223,329


	Three-Months Ended				Six-Months Ended
	June 30,				June 30,

	2015		2014		2015		2014

Operating Income:
Finished Products(1) (2)	$	251,551	$	254,414	$	307,172	$	439,317
Concentrate	9,084		-		9,084		-
Other(3)	163,661		3,053		165,660		4,914
Corporate and unallocated	(58,157)		(41,654)		(108,149)		(79,554)

	$	366,139	$	215,813	$	373,767	$	364,677


	Three-Months Ended				Six-Months Ended
	June 30,				June 30,

	2015		2014		2015		2014

Income before tax:
Finished Products(1) (2)	$	251,740	$	254,686	$	307,435	$	439,616
Concentrate	9,084		-		9,084		-
Other(3)	163,661		3,053		165,660		4,914
Corporate and unallocated	(59,361)		(41,748)		(108,194)		(79,521)

	$	365,124	$	215,991	$	373,985	$	365,009

(1)

(2)

(3)

Includes $161.5 million gain on the sale of Monster Non-Energy for the three- and six-months ended June 30, 2015.

	Three-Months Ended				Six-Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Depreciation and amortization
Finished Products	$	5,093	$	4,971	$	10,148	$	9,870
Concentrate	345		-		345		-
Other	92		129		231		256
Corporate and unallocated	1,250		1,445		2,525		2,869

	$	6,780	$	6,545	$	13,249	$	12,995

	June 30,		December 31,
	2015		2014
Goodwill and other intangible assets:
Finished Products	$	839,588	$	50,748
Concentrate	876,355		-
Other	-		18,079
Corporate and unallocated	-		-

	$	1,715,943	$	68,827

RELATED PARTY TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2015

RELATED PARTY TRANSACTIONS

Schedule of related party transactions

	June 30, 2015		December 31, 2014

Accounts receivable, net	$	168,497	$	79,404
Accounts payable	$	18,264	$	13,203
Accrued promotional allowances	$	38,569	$	21,160

ACQUISITIONS AND DIVESTITURES (Details) - USD ($) $ / shares in Units, $ in Millions	Aug. 10, 2015	Jun. 12, 2015	Jun. 30, 2015	Dec. 31, 2014
ACQUISITIONS AND DIVESTITURES
Common stock, par value (in dollars per share)			$ 0.005	$ 0.005
TCCC \| 40% Target
ACQUISITIONS AND DIVESTITURES
Percentage of target sales		40.00%
Escrow Release		$ 375.0
TCCC \| 50% Target
ACQUISITIONS AND DIVESTITURES
Percentage of target sales		50.00%
Escrow Release		$ 312.5
TCCC \| 60% Target
ACQUISITIONS AND DIVESTITURES
Percentage of target sales		60.00%
Escrow Release		$ 250.0
TCCC \| 70% Target
ACQUISITIONS AND DIVESTITURES
Percentage of target sales		70.00%
Escrow Release		$ 187.5
TCCC \| 80% Target
ACQUISITIONS AND DIVESTITURES
Percentage of target sales		80.00%
Escrow Release		$ 125.0
TCCC \| 90% Target
ACQUISITIONS AND DIVESTITURES
Percentage of target sales		90.00%
Escrow Release		$ 62.5
TCCC \| 95% Target
ACQUISITIONS AND DIVESTITURES
Percentage of target sales		95.00%
TCCC \| Forecast
ACQUISITIONS AND DIVESTITURES
Percentage of target sales transitioned	89.00%
Coca-Cola Transaction Asset Transfer Agreement
ACQUISITIONS AND DIVESTITURES
Number of shares into which each outstanding common share is converted in the merger		1
Coca-Cola Transaction Asset Transfer Agreement \| TCCC
ACQUISITIONS AND DIVESTITURES
Common stock shares issued newly		34,040,534
Ownership interest (as a percent)		16.70%
Net cash payment received		$ 2,150.0
Amount held in escrow		$ 125.0	$ 125.0
Old Monster
ACQUISITIONS AND DIVESTITURES
Common stock, par value (in dollars per share)		$ 0.005

ACQUISITIONS AND DIVESTITURES (Details 2) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions			3 Months Ended	6 Months Ended
	Jun. 12, 2015	Aug. 14, 2014	Jun. 30, 2015	Jun. 30, 2015
Goodwill			$ 1,287,777	$ 1,287,777
Gain of disposal of Monster Non-Energy			$ 161,470	$ 161,470
TCCC
Number of shares issued for acquisition	22.2
Consideration amount paid in equity shares	$ 1,647,333
Goodwill	(143,561)
Cash and escrow receivable	2,150,000
Identifiable assets acquired and liabilities assumed	3,671,802
Consideration transferred	$ 3,671,802
Percentage of shares issued as consideration	65.20%
Cash consideration allocated to issue of shares	$ 1,600,000
Closing market price of common stock (in dollars per share)		$ 71.65
TCCC \| New and Amended U.S. Distribution Rights
Consideration transferred	304,658
TCCC \| Non-Energy Business
Consideration transferred	$ 198,009
KO Energy
Fair value of acquired business		$ 880,100
KO Energy \| TCCC
Number of shares issued for acquisition	11.8			11.8
Consideration amount paid in equity shares	$ 1,521,802
Inventories	6,144
Accounts payable	(2,758)
Goodwill	1,287,777
Consideration transferred	$ 1,500,000
Closing market price of common stock (in dollars per share)	$ 128.39
KO Energy \| TCCC \| Trademarks
Non-amortizing intangible assets	$ 325,500
KO Energy \| TCCC \| Other Intangible Assets
Non-amortizing intangible assets	13,700
KO Energy \| TCCC \| Customer Relationships
Amortizing intangible assets	$ 35,000
Old Monster \| TCCC
Number of shares issued for acquisition	34.0
Old Monster \| KO Energy \| TCCC
Percentage of shares issued as consideration	34.80%

ACQUISITIONS AND DIVESTITURES (Details 3) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
ACQUISITIONS AND DIVESTITURES (Details 3) - USD ($)	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Gain of disposal of Monster Non-Energy		$ 161,470,000		$ 161,470,000
Net sales		693,722,000	$ 687,199,000	1,320,512,000	$ 1,223,329,000
Net income		229,004,000	141,003,000	233,417,000	236,254,000
Business Acquisition, Pro Forma Information [Abstract]
Net sales		724,717,000	732,862,000	1,404,712,000	1,324,220,000
Net income		157,829,000	168,761,000	195,503,000	291,847,000
Net sales:
Amortization of deferred revenue		3,089,000
Net income:
Amortization of deferred revenue		3,089,000
To record sales commissions		(6,431,000)
Amortization of in intangible assets		300,000	100,000	300,000	250,000
To eliminate TCCC Transaction expenses		11,536,000
Estimated provision for income taxes on pro-forma income		(2,616,000)
Total		(11,659,000)
U.S. Federal tax expense at statutory rates				38.5
Monster Beverage Corporation
Business Acquisition, Pro Forma Information [Abstract]
Net sales		693,722,000	687,199,000	1,320,512,000	1,223,329,000
Net income		229,004,000	141,003,000	233,417,000	236,254,000
Monster Beverage Corporation \| KO Energy
Net sales	$ 13,000,000
Net income	5,800,000
KO Energy
Business Acquisition, Pro Forma Information [Abstract]
Net sales		57,422,000	85,608,000	138,127,000	171,216,000
Net income		41,136,000	54,614,000	100,575,000	109,228,000
Net income:
Amortization of in intangible assets		(1,400,000)
Estimated provision for income taxes on pro-forma income		(15,837,000)
Disposal of Monster Non-Energy
Business Acquisition, Pro Forma Information [Abstract]
Net sales		(29,516,000)	(43,796,000)	(60,824,000)	(77,984,000)
Net income		(100,652,000)	(1,878,000)	(101,881,000)	(3,021,000)
Other
Business Acquisition, Pro Forma Information [Abstract]
Net sales		3,089,000	3,851,000	6,897,000	7,659,000
Net income		$ (11,659,000)	$ (24,978,000)	$ (36,608,000)	$ (50,614,000)
KO Energy
Net sales	13,000,000
Net income	$ 5,800,000

INVESTMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Held to Maturity and Available-for-sale
Held to maturity and available-for-sale securities, Amortized Cost	$ 1,283,976	$ 820,164
Held to maturity and available-for-sale securities, Gross Unrealized Holding Gains	148		$ 115
Held to maturity and available-for-sale securities, Gross Unrealized Holding Losses	57	3
Held to maturity and available-for-sale securities, Fair Value	1,284,067	820,276
Held to maturity and available-for-sale securities, Continuous Unrealized Loss Position less than 12 Months	57
Held to Maturity, Available-for-sale, and Trading
Investments, Fair Value Disclosure	1,287,313	824,186
U.S. Treasuries
Held-to-Maturity
Amortized Cost	74,981
Gross Unrealized Holding Gains	6
Fair Value	74,987
Held to Maturity, Available-for-sale, and Trading
Investments, Fair Value Disclosure	74,987
Certificates of deposit
Held-to-Maturity
Amortized Cost	32,001
Fair Value	32,001
Held to Maturity, Available-for-sale, and Trading
Investments, Fair Value Disclosure	32,001
Variable rate demand notes
Held-to-Maturity
Amortized Cost		4,001
Fair Value		4,001
Available-for-sale
Amortized Cost	3,901
Fair Value	3,901
Short-term \| Commercial paper
Held-to-Maturity
Amortized Cost	182,130	19,482
Gross Unrealized Holding Losses		2
Fair Value	182,130	19,480
Short-term \| Municipal securities
Held-to-Maturity
Amortized Cost	587,740	744,542
Gross Unrealized Holding Gains	82	105
Gross Unrealized Holding Losses	42
Fair Value	587,780	744,647
Continuous Unrealized Loss Position less than 12 Months	42
Short-term \| U.S. government agency securities
Held-to-Maturity
Amortized Cost	350,859	9,199
Gross Unrealized Holding Gains	27
Gross Unrealized Holding Losses	10	1
Fair Value	350,876	9,198
Continuous Unrealized Loss Position less than 12 Months	10
Short-term \| Auction rate securities
Trading
Fair Value	3,246	3,910
Long-term \| Municipal securities
Held-to-Maturity
Amortized Cost	52,364	42,940
Gross Unrealized Holding Gains	33	10
Gross Unrealized Holding Losses	5
Fair Value	52,392	$ 42,950
Continuous Unrealized Loss Position less than 12 Months	$ 5

INVESTMENTS (Details 2) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Investments
Amortized Cost	$ 1,287,222	$ 824,074
Fair Value	1,287,313	824,186
U.S. Treasuries
Investments
Amortized Cost	74,981
Fair Value	74,987
Certificates of deposit
Investments
Amortized Cost	32,001
Fair Value	32,001
Commercial paper \| Less than 1 year
Investments
Amortized Cost	182,130	19,482
Fair Value	182,130	19,480
Municipal securities \| Less than 1 year
Investments
Amortized Cost	587,740	744,542
Fair Value	587,780	744,647
Municipal securities \| Due 1 - 10 years
Investments
Amortized Cost	52,364	42,940
Fair Value	52,392	42,950
U.S. government agency securities \| Less than 1 year
Investments
Amortized Cost	350,859	9,199
Fair Value	350,876	9,198
Variable rate demand notes \| Due 21 - 30 years
Investments
Amortized Cost	3,901	4,001
Fair Value	3,901	4,001
Auction rate securities \| Due 11 - 20 years
Investments
Amortized Cost	3,246	3,910
Fair Value	$ 3,246	$ 3,910

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Level 1
Fair value of certain assets
Cash	$ 174,404	$ 196,090
Assets measured at fair value	863,338	303,018
Level 1 \| Money market funds
Fair value of certain assets
Assets measured at fair value	688,934	106,928
Level 2
Fair value of certain assets
Foreign currency derivatives		(252)
Assets measured at fair value	2,116,933	887,217
Level 2 \| Commercial paper
Fair value of certain assets
Assets measured at fair value	365,364	19,482
Level 2 \| Municipal securities
Fair value of certain assets
Assets measured at fair value	662,874	854,787
Level 2 \| U.S. government agency securities
Fair value of certain assets
Assets measured at fair value	925,811	9,199
Level 2 \| Variable rate demand notes
Fair value of certain assets
Assets measured at fair value	3,901	4,001
Level 2 \| U.S. Treasuries
Fair value of certain assets
Assets measured at fair value	74,981
Level 2 \| Certificates of deposit
Fair value of certain assets
Assets measured at fair value	84,002
Level 3
Fair value of certain assets
Foreign currency derivatives	(139)
Assets measured at fair value	3,296	4,160
Level 3 \| Auction rate securities
Fair value of certain assets
Assets measured at fair value	3,246	3,910
Level 3 \| Put options
Fair value of certain assets
Assets measured at fair value	189	250
Total fair value
Fair value of certain assets
Cash	174,404	196,090
Foreign currency derivatives	(139)	(252)
Assets measured at fair value	2,983,567	1,194,395
Total fair value \| Money market funds
Fair value of certain assets
Assets measured at fair value	688,934	106,928
Total fair value \| Commercial paper
Fair value of certain assets
Assets measured at fair value	365,364	19,482
Total fair value \| Municipal securities
Fair value of certain assets
Assets measured at fair value	662,874	854,787
Total fair value \| U.S. government agency securities
Fair value of certain assets
Assets measured at fair value	925,811	9,199
Total fair value \| Variable rate demand notes
Fair value of certain assets
Assets measured at fair value	3,901	4,001
Total fair value \| Auction rate securities
Fair value of certain assets
Assets measured at fair value	3,246	3,910
Total fair value \| Put options
Fair value of certain assets
Assets measured at fair value	189	$ 250
Total fair value \| U.S. Treasuries
Fair value of certain assets
Assets measured at fair value	74,981
Total fair value \| Certificates of deposit
Fair value of certain assets
Assets measured at fair value	$ 84,002

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Details 2) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Fair value amounts included in the carrying value of
Cash and cash equivalents	$ 1,696,295	$ 370,323	$ 373,051	$ 211,349
Short-term investments	1,234,858	781,134
Investments	52,364	42,940
Asset transfers between Level 1 and Level 2 measurements	0	0
Level 1
Fair value amounts included in the carrying value of
Cash and cash equivalents	863,338	303,018
Total	863,338	303,018
Level 2
Fair value amounts included in the carrying value of
Cash and cash equivalents	832,957	67,305
Short-term investments	1,231,612	777,224
Accounts receivable, net		83
Investments	52,364	42,940
Accrued liabilities		(335)
Total	2,116,933	887,217
Level 3
Fair value amounts included in the carrying value of
Short-term investments	3,246	3,910
Accounts receivable, net	139
Prepaid expenses and other current assets	189	250
Accrued liabilities	(278)
Total	3,296	4,160
Total fair value
Fair value amounts included in the carrying value of
Cash and cash equivalents	1,696,295	370,323
Short-term investments	1,234,858	781,134
Accounts receivable, net	139	83
Investments	52,364	42,940
Prepaid expenses and other current assets	189	250
Accrued liabilities	(278)	(335)
Total	$ 2,983,567	$ 1,194,395

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Details 3) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Oct. 02, 2013	Jul. 02, 2013	Jun. 30, 2011
ARS Agreement
Amortized Cost	$ 1,287,222	$ 824,074
Auction rate securities
ARS Agreement
Face value of investments	3,400
Amortized Cost	3,200
Trading auction rate securities, in short-term and long-term investments	3,200
Impairment of investments, trading securities	200
2011 ARS Agreement
ARS Agreement
Amount of securities of par value								$ 24,500
Redemption of investment securities at par through normal market channels	700	$ 13,100	$ 2,300	$ 1,300	$ 3,700
Put options
ARS Agreement
Redemption of investment securities through the exercise of the put option	1,700
2011 Put Option
ARS Agreement
Fair market value of investments	$ 200
2011 Put Option \| Maximum
ARS Agreement
Amount of securities of par value						$ 1,000	$ 1,000

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Details 4) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Auction rate securities
Fair value of level 3 financial assets, roll forward
Balance at the beginning of the period		$ 14,526	$ 3,910	$ 16,184
Total gains (losses) for the period: Included in earnings	$ 61	17	61	84
Settlements	(725)	(1,724)	(725)	(3,449)
Balance at the end of the period	3,246	12,819	3,246	12,819
Put options
Fair value of level 3 financial assets, roll forward
Balance at the beginning of the period		1,024	250	1,092
Total gains (losses) for the period: Included in earnings	(61)	(30)	(61)	(98)
Balance at the end of the period	$ 189	$ 994	$ 189	$ 994

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Foreign currency exchange contracts \| Maximum
Derivative Instruments and Hedging Activities
Term of derivative instrument			1 month
Derivatives not designated as hedging instruments \| Foreign currency exchange contracts \| Interest and other income, net
Derivative Instruments and Hedging Activities
Amount of loss recognized in income on derivatives	$ (63)	$ (406)	$ (1,919)	$ (765)
Derivatives not designated as hedging instruments \| Receive USD/pay GBP \| Accounts receivables, net
Derivative Instruments and Hedging Activities
Notional amount, Assets	4,406		4,406
Fair Value, Assets	1		1
Derivatives not designated as hedging instruments \| Receive USD/pay CAD \| Accounts receivables, net
Derivative Instruments and Hedging Activities
Notional amount, Assets	4,865		4,865
Fair Value, Assets	60		60
Derivatives not designated as hedging instruments \| Receive CAD/pay USD \| Accounts receivables, net
Derivative Instruments and Hedging Activities
Notional amount, Liabilities					$ 19,940
Fair Value, Liabilities					(83)
Derivatives not designated as hedging instruments \| Receive EUR/pay USD \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	15,517		15,517		13,265
Fair Value, Liabilities	17		17		75
Derivatives not designated as hedging instruments \| Receive USD/pay AUD \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	8,551		8,551		8,343
Fair Value, Liabilities	72		72		48
Derivatives not designated as hedging instruments \| Receive USD/pay JPY \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	9,241		9,241		10,620
Fair Value, Liabilities	124		124		84
Derivatives not designated as hedging instruments \| Receive USD/pay ZAR \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	12,808		12,808		14,760
Fair Value, Liabilities	54		54		105
Derivatives not designated as hedging instruments \| Receive USD/pay MXN \| Accounts receivables, net
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	7,455		7,455
Fair Value, Liabilities	(69)		(69)
Derivatives not designated as hedging instruments \| Receive USD/pay MXN \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities					4,961
Fair Value, Liabilities					11
Derivatives not designated as hedging instruments \| Receive USD/pay CLP \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	3,813		3,813		2,685
Fair Value, Liabilities	11		11		10
Derivatives not designated as hedging instruments \| Receive USD/pay COP \| Accounts receivables, net
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	1,329		1,329
Fair Value, Liabilities	$ (9)		$ (9)
Derivatives not designated as hedging instruments \| Receive USD/pay COP \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities					2,845
Fair Value, Liabilities					$ 2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivatives not designated as hedging instruments \| Foreign currency exchange contracts \| Interest and other income, net
Net losses on derivative instruments
Amount of loss recognized in income on derivatives	$ (63)	$ (406)	$ (1,919)	$ (765)

INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
INVENTORIES
Raw materials	$ 58,586	$ 59,938
Finished goods	122,306	114,635
Inventories, net	$ 180,892	$ 174,573

PROPERTY AND EQUIPMENT, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Property and equipment, net
Property and equipment, gross	$ 186,485	$ 173,735
Less: accumulated depreciation and amortization	(93,947)	(83,579)
Property and equipment, net	92,538	90,156
Land
Property and equipment, net
Property and equipment, gross	6,792	6,792
Leasehold improvements
Property and equipment, net
Property and equipment, gross	2,807	2,796
Furniture and fixtures
Property and equipment, net
Property and equipment, gross	3,487	3,371
Office and computer equipment
Property and equipment, net
Property and equipment, gross	10,519	10,072
Computer software
Property and equipment, net
Property and equipment, gross	1,955	1,317
Equipment
Property and equipment, net
Property and equipment, gross	92,807	84,263
Building
Property and equipment, net
Property and equipment, gross	39,096	37,311
Vehicles
Property and equipment, net
Property and equipment, gross	$ 29,022	$ 27,813

GOODWILL AND OTHER INTANGIBLE ASSETS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Goodwill [Roll Forward]
Acquisitions			$ 1,287,777,000
Goodwill, Ending Balance	$ 1,287,777,000		1,287,777,000
Amortizing intangibles	35,249,000		35,249,000		$ 233,000
Accumulated amortization	(396,000)		(396,000)		(50,000)
Amortizing intangibles, net	34,853,000		34,853,000		183,000
Non-amortizing intangibles	393,313,000		393,313,000		50,565,000
Intangible, net	428,166,000		$ 428,166,000		$ 50,748,000
Useful life of intangible assets			5 years
Amortization expense	300,000	$ 100,000	$ 300,000	$ 250,000
Finished goods
Goodwill [Roll Forward]
Acquisitions			785,277,000
Goodwill, Ending Balance	785,277,000		785,277,000
Concentrate
Goodwill [Roll Forward]
Acquisitions			502,500,000
Goodwill, Ending Balance	$ 502,500,000		$ 502,500,000

DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	Aug. 10, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Termination costs		$ 12.2		$ 218.2
Distribution agreement, revenue recognition period				20 years
Revenue recognized		3.2	$ 3.8	$ 46.5	$ 7.5
Amortization of deferred revenue		$ 39.8		$ 39.8
Forecast \| TCCC
Percentage Of Target Sales Achieved	89.00%

COMMITMENTS AND CONTINGENCIES (Detail) $ in Millions	1 Months Ended	6 Months Ended
COMMITMENTS AND CONTINGENCIES (Detail) $ in Millions	Apr. 30, 2015 USD ($) a	Jun. 30, 2015 USD ($)
Commitments and Contingencies
Aggregate contractual obligations		$ 87.2
Aggregate operating lease commitments		11.2
Number of acres of vacant land acquired \| a	56
Purchase price	$ 38.1
Raw material items
Commitments and Contingencies
Purchase Commitments		$ 39.3
Period over which obligations will be paid		1 year

COMMITMENTS AND CONTINGENCIES (Details 2) $ in Millions	Jun. 30, 2015 USD ($)
COMMITMENTS AND CONTINGENCIES
Accrued loss contingencies	$ 2.4
Receivables for insurance reimbursements	$ 1.2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2015 USD ($)
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	$ (11,453)
Balance at the end of the period	(19,073)
Currency Translation Losses
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	11,453
Net current-period other comprehensive loss	7,620
Balance at the end of the period	$ 19,073

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

TREASURY STOCK (Details) - USD ($) shares in Thousands, $ in Millions			1 Months Ended	2 Months Ended	3 Months Ended	6 Months Ended
	Jun. 12, 2015	Apr. 07, 2013	Jun. 30, 2015	Jun. 12, 2015	Jun. 30, 2015	Jun. 30, 2015
TREASURY STOCK PURCHASE
Treasury stock shares cancelled	41,500					41,500
Treasury stock cancelled value	$ 1,482.6
Number of shares repurchased of common stock from employees in lieu of cash or withholding taxes due			1
Cash payment for repurchase of common stock from employees in lieu of cash or withholding taxes due			$ 0.1	$ 160.7
April 2013 Repurchase Plan
TREASURY STOCK PURCHASE
Common stock repurchased		$ 200.0
Common stock repurchased (in shares)					0

STOCK-BASED COMPENSATION (Details) $ in Millions	3 Months Ended		6 Months Ended
STOCK-BASED COMPENSATION (Details) $ in Millions	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Jun. 30, 2015 USD ($) plan	Jun. 30, 2014 USD ($)
Stock-based compensation
Stock-based compensation plans \| plan			2
Compensation expense on share-based plans	$ 8.5	$ 8.1	$ 14.8	$ 15.1
Stock options
Stock-based compensation
Excess tax benefit realized for tax deductions from non-qualified stock option exercises and disqualifying dispositions of incentive stock options	$ 115.6	$ 0.7	$ 300.3	$ 3.3

STOCK-BASED COMPENSATION (Details 2) - Stock options - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Weighted-average assumptions used to estimate the fair value of options granted
Dividend yield (as a percent)	0.00%		0.00%	0.00%	0.00%
Expected volatility (as a percent)	37.00%		37.40%	37.10%	42.40%
Risk-free interest rate (as a percent)	1.50%		1.60%	1.60%	1.60%
Expected term	5 years 9 months 18 days		5 years 7 months 6 days	5 years 9 months 18 days	5 years 10 months 24 days
Stock Options, Number of Shares
Balance at the beginning of the period (in shares)		13,066		13,066
Granted (in shares)	33	903
Exercised (in shares)				(7,052)
Cancelled or forfeited (in shares)				(60)
Balance at the end of the period (in shares)	6,890			6,890		13,066
Vested and expected to vest in the future at the end of the period (in shares)	6,446			6,446
Exercisable at the end of the period (in shares)	4,052			4,052
Stock options, Weighted-Average Exercise Price Per Share
Balance at the beginning of the period (in dollars per share)		$ 19.73		$ 19.73
Granted (in dollars per share)	$ 133.43	$ 133.68
Exercised (in dollars per share)				5.93
Cancelled or forfeited (in dollars per share)				57.50
Balance at the end of the period (in dollars per share)	49.01			49.01		$ 19.73
Vested and expected to vest in the future at the end of the period (in dollars per share)	45.78			45.78
Exercisable at the end of the period (in dollars per share)	$ 23.45			$ 23.45
Weighted-Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2				6 years		3 years 1 month 6 days
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2				6 years		3 years 1 month 6 days
Vested and expected to vest in the future at the end of the period				5 years 9 months 18 days
Exercisable at the end of the period				4 years 2 months 12 days
Aggregate Intrinsic Value
Balance at the beginning of the period		$ 1,158,412		$ 1,158,412
Balance at the end of the period	$ 586,962			586,962		$ 1,158,412
Vested and expected to vest in the future at the end of the period	569,888			569,888
Exercisable at the end of the period	$ 448,009			$ 448,009

STOCK-BASED COMPENSATION (Detail 3) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Stock options
Stock-based compensation
Weighted-average grant-date fair value of options granted (in dollars per share)	$ 49.72		$ 25.71	$ 50.14	$ 29.35
Stock units and stock awards expected to vest (in shares)	6,446,000			6,446,000
Total intrinsic value of options exercised	$ 314.0		$ 3.7	$ 829.7	$ 15.1
Cash received from option exercises	22.7		$ 2.0	41.7	$ 7.7
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 81.6			$ 81.6
Cost expected to be recognized over a weighted-average period				3 years 1 month 6 days
Restricted stock units
Stock-based compensation
Stock units and stock awards expected to vest (in shares)	200,000			200,000
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 14.4			$ 14.4
Cost expected to be recognized over a weighted-average period				2 years 2 months 12 days
Number of Shares
Non-vested at the beginning of the period (in shares)		149,000		149,000
Granted (in shares)		83,000		0
Vested (in shares)				(21,000)
Forfeited/cancelled (in shares)				(11,000)
Non-vested at the end of the period (in shares)	200,000			200,000
Weighted Average Grant-Date Fair Value
Non-vested at the beginning of the period (in dollars per share)		$ 61.09		$ 61.09
Granted (in dollars per share)		$ 135.48	$ 69.00	135.48	$ 69.00
Vested (in dollars per share)				59.10
Forfeited/cancelled (in dollars per share)				61.66
Non-vested at the end of the period (in dollars per share)	$ 91.94			$ 91.94

INCOME TAXES (Details) $ in Millions	Jun. 30, 2015 USD ($)
Gross unrecognized tax benefits, roll forward
Accrued interest and penalties related to unrecognized tax benefits	$ 0.5

EARNINGS PER SHARE (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
EARNINGS PER SHARE (Details) - shares shares in Thousands	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Weighted-average shares outstanding:
Basic	176,985	167,098	173,447	167,006
Dilutive securities	4,432	6,866	4,551	6,863
Diluted	181,417	173,964	177,998	173,869
Options and awards outstanding excluded from the calculations as their effect would have been antidilutive (in shares)	1,100	1,200	800	900

SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended		6 Months Ended
SEGMENT INFORMATION (Details) $ in Thousands	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Jun. 30, 2015 USD ($) item	Jun. 30, 2014 USD ($)	Dec. 31, 2014 USD ($)
Segment information
Number of reportable segments \| item			3
Number of operating segments \| item			3
Net sales	$ 693,722	$ 687,199	$ 1,320,512	$ 1,223,329
Operating income	366,139	215,813	373,767	364,677
Income before provision for income taxes	365,124	215,991	373,985	365,009
Depreciation, Depletion and Amortization			13,249	12,995
Stock-based compensation expense	8,500	8,100	14,800	15,100
Revenue recognized	3,200	3,800	46,500	7,500
Accelerated Amortization Of Deferred Revenue Balances	39,800		39,800
Gain (Loss) on Disposition of Business	161,470		161,470
Operating segment
Segment information
Net sales	693,722	687,199	1,320,512	1,223,329
Operating income	366,139	215,813	373,767	364,677
Income before provision for income taxes	365,124	215,991	373,985	365,009
Depreciation, Depletion and Amortization	6,780	6,545	13,249	12,995
Goodwill and other intangible assets	1,715,943		1,715,943		$ 68,827
Corporate and Unallocated
Segment information
Operating income	(58,157)	(41,654)	(108,149)	(79,554)
Income before provision for income taxes	(59,361)	(41,748)	(108,194)	(79,521)
Depreciation, Depletion and Amortization	1,250	1,445	2,525	2,869
Payroll cost	28,300	21,600	56,900	42,600
Stock-based compensation expense	8,500	8,100	14,800	15,100
Professional service expenses	21,800	15,300	6,300	25,400
Other operating expenses	8,100	4,800	4,900	11,600
Direct Store Delivery ("DSD")
Segment information
Revenue recognized	3,200	3,800
Distribution Agreements Termination Cost	12,200	500	218,200	500
Finished goods
Segment information
Net sales	651,228	643,404	1,246,710	1,145,345
Operating income	251,551	254,414	307,172	439,317
Income before provision for income taxes	251,740	254,686	307,435	439,616
Depreciation, Depletion and Amortization	5,093	4,971	10,148	9,870
Goodwill and other intangible assets	839,588		839,588		50,748
Concentrate
Segment information
Net sales	12,978		12,978
Operating income	9,084		9,084
Income before provision for income taxes	9,084		9,084
Depreciation, Depletion and Amortization	345		345
Goodwill and other intangible assets	876,355		876,355
Other
Segment information
Net sales	29,516	43,795	60,824	77,984
Operating income	163,661	3,053	165,660	4,914
Income before provision for income taxes	163,661	3,053	165,660	4,914
Depreciation, Depletion and Amortization	$ 92	$ 129	$ 231	$ 256
Goodwill and other intangible assets					$ 18,079

SEGMENT INFORMATION (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
SEGMENT INFORMATION (Details 2) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment information
Net sales	$ 693,722	$ 687,199	$ 1,320,512	$ 1,223,329
Outside United States
Segment information
Net sales	$ 151,300	$ 148,400	$ 264,300	$ 264,100
Coca-Cola Refreshments ("CCR")
Segment information
Percentage of net sales from major customer	45.00%	28.00%	40.00%	29.00%

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	3 Months Ended		6 Months Ended
RELATED PARTY TRANSACTIONS (Details) $ in Thousands	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Jun. 30, 2015 USD ($) item	Jun. 30, 2014 USD ($)	Dec. 31, 2014 USD ($)
TCCC
Related party transactions
Voting interest (as a percent)	10.00%		10.00%
Net sales	$ 310,800	$ 192,700	$ 529,800	$ 358,700
Commission expense	1,800	300	1,800	900
Accounts receivable, net	168,497		168,497		$ 79,404
Accounts payable	18,264		18,264		13,203
Accrued promotional allowances	38,569		$ 38,569		$ 21,160
Directors and Officers that provide promotional materials
Related party transactions
Number of directors and officers who are principal owners of a company that provides promotional materials \| item			2
Expenses incurred in connection with materials or services provided by a related party	$ 300	$ 200	$ 1,200	$ 300

Label	Element	Value
Unrecognized Tax Benefits	us-gaap_UnrecognizedTaxBenefits	$ 935,000
Unrecognized Tax Benefits	us-gaap_UnrecognizedTaxBenefits	$ 935,000