Dutch Bros Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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.
Sep 30, 2024 · Filed Nov 7, 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 Balance Sheets
| (in thousands, except per share amounts; unaudited) | September 30,2024 | December 31,2023 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $281,134 | $133,545 |
| Accounts receivable, net | 10,362 | 9,124 |
| Inventories, net | 38,381 | 46,953 |
| Prepaid expenses and other current assets | 12,168 | 15,637 |
| Total current assets | 342,045 | 205,259 |
| Property and equipment, net | 662,759 | 542,440 |
| Finance lease right-of-use assets, net | 377,561 | 382,734 |
| Operating lease right-of-use assets, net | 301,896 | 199,673 |
| Intangibles, net | 3,455 | 5,415 |
| Goodwill | 21,629 | 21,629 |
| Deferred income tax assets, net | 718,543 | 402,995 |
| Other long-term assets | 3,628 | 3,865 |
| Total assets | $2,431,516 | $1,764,010 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $31,880 | $29,957 |
| Accrued compensation and benefits | 39,106 | 31,405 |
| Other accrued liabilities | 26,162 | 15,770 |
| Other current liabilities | 5,962 | 6,423 |
| Deferred revenue | 35,738 | 30,349 |
| Current portion of finance lease liabilities | 12,845 | 9,482 |
| Current portion of operating lease liabilities | 12,987 | 10,239 |
| Current portion of long-term debt | 15,746 | 4,491 |
| Total current liabilities | 180,426 | 138,116 |
| Deferred revenue, net of current portion | 6,367 | 6,676 |
| Finance lease liabilities, net of current portion | 369,206 | 367,775 |
| Operating lease liabilities, net of current portion | 293,474 | 191,419 |
| Long-term debt, net of current portion | 224,361 | 93,175 |
| Tax receivable agreements liability | 605,003 | 290,920 |
| Other long-term liabilities | 8 | 8 |
| Total liabilities | 1,678,845 | 1,088,089 |
| Commitments and contingencies (Note 15) | ||
Condensed Consolidated Balance Sheets (continued)
| (in thousands, except per share amounts; unaudited) | September 30,2024 | December 31,2023 |
|---|---|---|
| Preferred stock, $0.00001 par value per share - 20,000 shares authorized; zero shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | — | — |
| Class A common stock, $0.00001 par value per share - 400,000 shares authorized; 113,823 and 69,958 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 1 | 1 |
| Class B common stock, $0.00001 par value per share - 144,000 shares authorized; 35,227 and 60,629 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | — | 1 |
| Class C common stock, $0.00001 par value per share - 105,000 shares authorized; 5,142 and 35,864 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | — | — |
| Class D common stock, $0.00001 par value per share - 42,000 shares authorized; zero and 10,669 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | — | — |
| Additional paid-in capital | 506,785 | 379,391 |
| Accumulated other comprehensive income | 310 | 544 |
| Retained earnings (accumulated deficit) | 16,054 | (15,592) |
| Total stockholders' equity attributable to Dutch Bros Inc. | 523,150 | 364,345 |
| Non-controlling interests | 229,521 | 311,576 |
| Total equity | 752,671 | 675,921 |
| Total liabilities and equity | $2,431,516 | $1,764,010 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.