Dutch Bros Inc. (BROS) Financial Statements (2024 and earlier)

Company Profile

Business Address 110 SW 4TH STREET
GRANTS PASS, OR 97526
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 581 - Eating And Drinking Places (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,17818,506
Cash and cash equivalents20,17818,506
Receivables11,96610,644
Inventory, net of allowances, customer advances and progress billings39,22923,345
Inventory39,22923,345
Other undisclosed current assets10,9498,796
Total current assets:82,32261,291
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization247,943 
Operating lease, right-of-use asset169,302 
Property, plant and equipment365,468301,998
Intangible assets, net (including goodwill)30,43329,818
Goodwill21,62918,715
Intangible assets, net (excluding goodwill)8,80411,103
Deferred income tax assets288,765159,031
Other noncurrent assets2,1271,562
Total noncurrent assets:1,104,038492,409
TOTAL ASSETS:1,186,360553,700
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities48,72244,953
Accounts payable21,27020,440
Accrued liabilities27,45224,513
Deferred revenue25,33522,807
Debt10,580 
Other liabilities7,8606,471
Other undisclosed current liabilities120,18268,046
Total current liabilities:212,679142,277
Noncurrent Liabilities
Long-term debt and lease obligation, including:100,0283,503
Long-term debt, excluding current maturities96,2973,503
Finance lease, liability237,130 
Other undisclosed long-term debt and lease obligation(233,399) 
Liabilities, other than long-term debt167,3558,863
Deferred revenue6,1195,030
Deferred rent credit  3,153
Other liabilities8680
Operating lease, liability161,228 
Other undisclosed noncurrent liabilities454,322188,871
Total noncurrent liabilities:721,705201,237
Total liabilities:934,384343,514
Equity
Equity, attributable to parent, including:129,11893,498
Additional paid in capital145,613106,410
Accumulated other comprehensive income813 
Accumulated deficit(17,310)(12,914)
Other undisclosed equity, attributable to parent22
Equity, attributable to noncontrolling interest122,858116,688
Total equity:251,976210,186
TOTAL LIABILITIES AND EQUITY:1,186,360553,700

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues739,012497,876
Cost of revenue
(Cost of Goods and Services Sold)
(558,096)(346,113)
Gross profit:180,916151,763
Operating expenses(183,528)(265,035)
Operating income (loss):(2,612)(113,272)
Nonoperating expense(14,042)(8,333)
Other nonoperating income (expense)3,976(1,240)
Interest and debt expense(9,263)(1,286)
Loss from continuing operations before income taxes:(25,917)(122,891)
Income tax expense (benefit)(2,599)1,628
Loss from continuing operations:(28,516)(121,263)
Loss before gain (loss) on sale of properties:(121,263)
Other undisclosed net income9,2631,286
Net income (loss):(19,253)(119,977)
Net income attributable to noncontrolling interest  38,461
Other undisclosed net income (loss) attributable to parent14,50068,602
Net income (loss) available to common stockholders, basic:(4,753)(12,914)
Dilutive securities, effect on basic earnings per share  
Net income (loss) available to common stockholders, diluted:(4,753)(12,914)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income (loss):(19,253)(119,977)
Other undisclosed comprehensive income2,908 
Comprehensive income (loss):(16,345)(119,977)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest12,40538,461
Comprehensive income (loss), net of tax, attributable to parent:(3,940)(81,516)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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