Dutch Bros Inc
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
BROS$35.29-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| (in thousands, except per share amounts) | December 31,2024 | December 31,2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $293,354 | $133,545 |
| Accounts receivable, net | 10,598 | 9,124 |
| Inventories, net | 36,488 | 46,953 |
| Prepaid expenses and other current assets | 17,501 | 15,637 |
| Total current assets | 357,941 | 205,259 |
| Property and equipment, net | 683,971 | 542,440 |
| Finance lease right-of-use assets, net | 374,623 | 382,734 |
| Operating lease right-of-use assets, net | 315,256 | 199,673 |
| Intangibles, net | 2,947 | 5,415 |
| Goodwill | 21,629 | 21,629 |
| Deferred income tax assets, net | 742,126 | 402,995 |
| Other long-term assets | 2,592 | 3,865 |
| Total assets | $2,501,085 | $1,764,010 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Accounts payable | $32,225 | $29,957 |
| Accrued compensation and benefits | 49,778 | 31,405 |
| Other accrued liabilities | 26,516 | 15,770 |
| Other current liabilities | 7,067 | 6,423 |
| Deferred revenue | 42,868 | 30,349 |
| Current portion of tax receivable agreements liability | 71 | — |
| Current portion of finance lease liabilities | 13,256 | 9,482 |
| Current portion of operating lease liabilities | 13,979 | 10,239 |
| Current portion of long-term debt | 17,311 | 4,491 |
| Total current liabilities | 203,071 | 138,116 |
| Deferred revenue, net of current portion | 8,015 | 6,676 |
| Finance lease liabilities, net of current portion | 369,297 | 367,775 |
| Operating lease liabilities, net of current portion | 309,311 | 191,419 |
| Long-term debt, net of current portion | 219,755 | 93,175 |
| Tax receivable agreements liability, net of current portion | 627,763 | 290,920 |
| Other long-term liabilities | 8 | 8 |
| Total liabilities | 1,737,220 | 1,088,089 |
| Commitments and contingencies (Note 17) | ||
Consolidated Balance Sheets (continued)
| (in thousands, except per share amounts) | December 31,2024 | December 31,2023 |
|---|---|---|
| Preferred stock, $0.00001 par value per share - 20,000 shares authorized; zero shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | — | — |
| Class A common stock, $0.00001 par value per share - 400,000 shares authorized; 115,432 and 69,958 shares issued and outstanding as of December 31, 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 December 31, 2024 and December 31, 2023, respectively | — | 1 |
| Class C common stock, $0.00001 par value per share - 105,000 shares authorized; 3,545 and 35,864 shares issued and outstanding as of December 31, 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 December 31, 2024 and December 31, 2023, respectively | — | — |
| Additional paid-in capital | 517,074 | 379,391 |
| Accumulated other comprehensive income | 628 | 544 |
| Retained earnings (accumulated deficit) | 19,666 | (15,592) |
| Total stockholders' equity attributable to Dutch Bros Inc. | 537,369 | 364,345 |
| Non-controlling interests | 226,496 | 311,576 |
| Total equity | 763,865 | 675,921 |
| Total liabilities and equity | $2,501,085 | $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.