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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,71714,29620,17834,56721,29326,754
Cash and cash equivalents23,71714,29620,17834,56721,29326,754
Receivables9,3798,77811,96614,41514,07012,870
Inventory, net of allowances, customer advances and progress billings47,60843,95739,22933,71332,85426,927
Inventory47,60843,95739,22933,71332,85426,927
Other undisclosed current assets14,11514,28310,94911,1107,0505,892
Total current assets:94,81981,31482,32293,80575,26772,443
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization332,790288,560247,943214,903167,220141,874
Operating lease, right-of-use asset177,605174,673169,302165,682159,680154,939
Property, plant and equipment446,565402,841365,468327,600290,721257,912
Intangible assets, net (including goodwill)28,66429,52230,43331,45532,51033,552
Goodwill21,62921,62921,62921,62921,62921,629
Intangible assets, net (excluding goodwill)7,0357,8938,8049,82610,88111,923
Deferred income tax assets284,777286,385288,765293,108223,336223,376
Other noncurrent assets3,0601,6702,1272,704801410
Total noncurrent assets:1,273,4611,183,6511,104,0381,035,452874,268812,063
TOTAL ASSETS:1,368,2801,264,9651,186,3601,129,257949,535884,506
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities60,52052,45548,72249,82343,36041,408
Accounts payable24,64824,09221,27026,97322,51121,837
Accrued liabilities35,87228,36327,45222,85020,84919,571
Deferred revenue22,30021,81525,33528,82926,96623,828
Debt13,10510,74010,5809,6125,3404,491
Other liabilities7,5117,2997,8606,4466,1066,291
Other undisclosed current liabilities190,702160,514120,18295,66457,73836,654
Total current liabilities:294,138252,823212,679190,374139,510112,672
Noncurrent Liabilities
Long-term debt and lease obligation, including:98,72999,379100,028100,678416,974388,661
Long-term debt, excluding current maturities94,50695,71496,29796,87997,46197,294
Finance lease, liability315,385275,639237,130209,257167,236142,884
Other undisclosed long-term debt and lease obligation(311,162)(271,974)(233,399)(362,777)  
Liabilities, other than long-term debt175,408172,457167,3555,7775,3545,263
Deferred revenue5,9566,1046,1195,1184,6904,591
Other liabilities888659664672
Operating lease, liability169,444166,345161,228157,319152,277148,483
Other undisclosed noncurrent liabilities529,930491,603454,322588,626164,460164,460
Total noncurrent liabilities:804,067763,439721,705695,081586,788558,384
Total liabilities:1,098,2051,016,262934,384885,455726,298671,056
Equity
Equity, attributable to parent, including:135,407128,313129,118125,683108,539105,417
Additional paid in capital152,900148,873145,613141,480126,538122,655
Accumulated other comprehensive income905590813848145 
Accumulated deficit(18,400)(21,152)(17,310)(16,647)(18,146)(17,240)
Other undisclosed equity, attributable to parent222222
Equity, attributable to noncontrolling interest134,668120,390122,858118,119114,698108,033
Total equity:270,075248,703251,976243,802223,237213,450
TOTAL LIABILITIES AND EQUITY:1,368,2801,264,9651,186,3601,129,257949,535884,506

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues249,879197,267201,827198,648186,381152,156
Cost of revenue
(Cost of Goods and Services Sold)
(178,636)(151,523)(147,467)(148,092)(141,370)(121,167)
Gross profit:71,24345,74454,36050,55645,01130,989
Operating expenses(51,662)(45,976)(50,594)(45,378)(42,342)(45,214)
Operating income (loss):19,581(232)3,7665,1782,669(14,225)
Nonoperating expense(8,019)(6,579)(12,380)(6,955)(3,535)(2,268)
Other nonoperating income (expense)1,0391,307 (1,944)61221
Interest and debt expense(4,134)(3,455)(3,002)(2,482)(2,056)(1,723)
Income (loss) from continuing operations before income taxes:7,428(10,266)(11,616)(4,259)(2,922)(18,216)
Income tax expense (benefit)(1,851)(2,580)(5,299)3,371(885)214
Income (loss) from continuing operations:5,577(12,846)(16,915)(888)(3,807)(18,002)
Loss before gain (loss) on sale of properties:(888)(3,807)(18,002)
Other undisclosed net income4,1343,45514,0982,4822,0561,723
Net income (loss):9,711(9,391)(2,817)1,594(1,751)(16,279)
Net income attributable to noncontrolling interest      11,332
Other undisclosed net income (loss) attributable to parent(6,959)5,5492,154169845 
Net income (loss) available to common stockholders, basic:2,752(3,842)(663)1,763(906)(4,947)
Dilutive securities, effect on basic earnings per share30  (1)  
Net income (loss) available to common stockholders, diluted:2,782(3,842)(663)1,762(906)(4,947)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):9,711(9,391)(2,817)1,594(1,751)(16,279)
Other undisclosed comprehensive income (loss)1,098(824)(142)2,484566 
Comprehensive income (loss):10,809(10,215)(2,959)4,078(1,185)(16,279)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7,742)6,1502,261(1,612)42411,332
Comprehensive income (loss), net of tax, attributable to parent:3,067(4,065)(698)2,466(761)(4,947)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: