Dutch Bros Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
BROS$35.29-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Stockholders’ Equity
| Three Months Ended March 31, 2024 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dutch Bros. Inc. Stockholders’ Equity | |||||||||||||
| Class ACommon Stock · Class BCommon Stock · Class CCommon Stock · Class DCommon Stock | |||||||||||||
| (in thousands; unaudited) | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | Additional Paid-in-Capital | Accumulated Other Comprehensive Income | Accumulated Deficit | Non-Controlling Interests | Total Equity |
| Balance, December 31, 2023 | 69,958 | $1 | 60,629 | $1 | 35,864 | $— | 10,669 | $— | $379,391 | $544 | $(15,592) | $311,576 | $675,921 |
| Net income | — | — | — | — | — | — | — | — | — | — | 7,062 | 9,153 | 16,215 |
| Unrealized gain on derivative securities, effective portion, net of income tax expense of $79 | — | — | — | — | — | — | — | — | (135) | 381 | — | 293 | 539 |
| Equity-based compensation expense | — | — | — | — | — | — | — | — | 991 | — | — | 942 | 1,933 |
| Issuance of Class A common stock pursuant to vesting of equity awards, net of stock withheld for tax and forfeitures | 58 | — | — | — | — | — | — | — | 1,867 | — | — | (2,742) | (875) |
| Issuance of Class A common stock sold pursuant to secondary offerings | 16,559 | — | — | — | — | — | — | — | — | — | — | — | — |
| Effect of exchanges of Dutch Bros OpCo Class A common units | — | — | — | — | — | — | — | — | 40,377 | — | — | (40,377) | — |
| Impacts of Tax Receivable Agreements | — | — | — | — | — | — | — | — | 2,230 | — | — | — | 2,230 |
| Surrender and cancellation of Class B, C & D common stock | — | — | (558) | — | (11,985) | — | (4,016) | — | — | — | — | — | — |
| Balance, March 31, 2024 | 86,575 | $1 | 60,071 | $1 | 23,879 | $— | 6,653 | $— | $424,721 | $925 | $(8,530) | $278,845 | $695,963 |
Condensed Consolidated Statements of Stockholders’ Equity (continued)
| Three Months Ended March 31, 2023 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dutch Bros. Inc. Stockholders’ Equity | |||||||||||||
| Class ACommon Stock · Class BCommon Stock · Class CCommon Stock · Class DCommon Stock | |||||||||||||
| (in thousands; unaudited) | Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | Additional Paid-in-Capital | Accumulated Other Comprehensive Income | Accumulated Deficit | Non-Controlling Interests | Total Equity |
| Balance, December 31, 2022 | 45,544 | $1 | 64,699 | $1 | 41,056 | $— | 12,411 | $— | $145,613 | $813 | $(17,310) | $122,858 | $251,976 |
| Net loss | — | — | — | — | — | — | — | — | — | — | (3,842) | (5,549) | (9,391) |
| Unrealized loss on derivative securities, effective portion, net of income tax benefit of $80 | — | — | — | — | — | — | — | — | (18) | (223) | — | (601) | (842) |
| Equity-based compensation | — | — | — | — | — | — | — | — | 3,200 | — | — | 5,970 | 9,170 |
| Issuance of Class A common stock pursuant to vesting of equity awards, net of stock withheld for tax and forfeitures | 122 | — | — | — | — | — | — | — | (661) | — | — | (1,234) | (1,895) |
| Tax impact of other equity-based compensation transactions | — | — | — | — | — | — | — | — | (315) | — | — | — | (315) |
| Effect of exchange of Dutch Bros OpCo Class A common units | — | — | — | — | — | — | — | — | 1,054 | — | — | (1,054) | — |
| Balance, March 31, 2023 | 45,666 | $1 | 64,699 | $1 | 41,056 | $— | 12,411 | $— | $148,873 | $590 | $(21,152) | $120,390 | $248,703 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.