Dutch Bros Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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.
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.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Stockholders’ Equity
| Three Months Ended September 30, 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 · Retained Earnings (Accumulated Deficit) · Non-Controlling Interests · Total Equity | |||||||||||||||||||||||||
| Balance, June 30, 2024 | 113,817 | $1 | 35,227 | $— | 5,142 | $— | — | $— | $504,657 | $1,072 | $3,410 | $220,672 | $729,812 | ||||||||||||
| Net income | — | — | — | — | — | — | — | — | — | — | 12,644 | 9,068 | 21,712 | ||||||||||||
| Unrealized loss on derivative securities, effective portion, net of income tax benefit of $247 | — | — | — | — | — | — | — | — | — | (762) | — | (562) | (1,324) | ||||||||||||
| Equity-based compensation expense | — | — | — | — | — | — | — | — | 1,902 | — | — | 1,059 | 2,961 | ||||||||||||
| Issuance of Class A common stock pursuant to vesting of equity awards, net of stock withheld for tax and forfeitures | 6 | — | — | — | — | — | — | — | (36) | — | — | (21) | (57) | ||||||||||||
| Effect of exchanges of Dutch Bros OpCo Class A common units | — | — | — | — | — | — | — | 8 | — | — | (8) | — | |||||||||||||
| Tax impacts of other equity-related transactions | — | — | — | — | — | — | — | — | 254 | — | — | — | 254 | ||||||||||||
| Distributions paid to non-controlling interest holders | — | — | — | — | — | — | — | — | — | — | — | (687) | (687) | ||||||||||||
| Balance, September 30, 2024 | 113,823 | $1 | 35,227 | $— | 5,142 | $— | — | $— | $506,785 | $310 | $16,054 | $229,521 | $752,671 | ||||||||||||
| Nine Months Ended September 30, 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 | Retained Earnings (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 | — | — | — | — | — | — | — | — | — | — | 31,646 | 28,437 | 60,083 |
| Unrealized loss on derivative securities, effective portion, net of income tax benefit of $183 | — | — | — | — | — | — | — | — | (328) | (234) | — | (303) | (865) |
| Equity-based compensation expense | — | — | — | — | — | — | — | — | 4,866 | — | — | 3,354 | 8,220 |
| Issuance of Class A common stock pursuant to vesting of equity awards, net of stock withheld for tax and forfeitures | 71 | — | — | — | — | — | — | — | 1,831 | — | — | (2,763) | (932) |
| Issuance of Class A common stock, and surrender and cancellation of Class B, C , and D common stock, pursuant to secondary offerings following exchange of Dutch Bros OpCo Class A common units | 43,794 | — | (2,402) | — | (30,722) | — | (10,669) | — | — | — | — | — | — |
| Effect of exchanges of Dutch Bros OpCo Class A common units | — | — | — | — | — | — | — | — | 110,093 | — | — | (110,093) | — |
| Tax impacts of other equity-related transactions | — | — | — | — | — | — | — | — | 254 | — | — | — | 254 |
| Impacts of Tax Receivable Agreements | — | — | — | — | — | — | — | — | 10,678 | — | — | — | 10,678 |
| Class B common stock decoupled from Dutch Bros OpCo Class A common units, surrendered and cancelled | — | — | (23,000) | (1) | — | — | — | — | — | — | — | — | (1) |
| Distributions paid to non-controlling interest holders | — | — | — | — | — | — | — | — | — | — | — | (687) | (687) |
| Balance, September 30, 2024 | 113,823 | $1 | 35,227 | $— | 5,142 | $— | — | $— | $506,785 | $310 | $16,054 | $229,521 | $752,671 |
| Three Months Ended September 30, 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, June 30, 2023 | 45,674 | $1 | 64,699 | $1 | 41,056 | $— | 12,411 | $— | $152,900 | $905 | $(18,400) | $134,668 | $270,075 |
| Net income | — | — | — | — | — | — | — | — | — | — | 4,210 | 9,191 | 13,401 |
| Unrealized gain on derivative securities, effective portion, net of income tax expense of $112 | — | — | — | — | — | — | — | — | (168) | 188 | — | 197 | 217 |
| Equity-based compensation | — | — | — | — | — | — | — | — | 3,864 | — | — | 5,834 | 9,698 |
| Issuance of Class A common stock pursuant to vesting of equity awards, net of stock withheld for tax and forfeitures | 5 | — | — | — | — | — | — | — | — | — | — | — | — |
| Issuance of Class A common stock sold pursuant to follow-on offering, net of offering costs | 13,269 | — | — | — | — | — | — | — | 330,098 | — | — | — | 330,098 |
| Effect of acquisition of Dutch Bros OpCo Class A common units | — | — | — | — | — | — | — | — | (189,072) | — | — | 189,072 | — |
| Tax impacts of follow-on offering | — | — | — | — | — | — | — | — | 46,594 | — | — | — | 46,594 |
| Tax impacts of other equity-related transactions | — | — | — | — | — | — | — | — | 555 | — | — | — | 555 |
| Balance, September 30, 2023 | 58,948 | 1 | 64,699 | 1 | 41,056 | — | 12,411 | — | 344,771 | 1,093 | $(14,190) | $338,962 | $670,638 |
| Nine Months Ended September 30, 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 income | — | — | — | — | — | — | — | — | — | — | 3,120 | 10,601 | 13,721 |
| Unrealized gain on derivative securities, effective portion, net of income tax expense of $137 | — | — | — | — | — | — | — | — | (187) | 280 | — | 379 | 472 |
| Equity-based compensation | — | — | — | — | — | — | — | — | 10,609 | — | — | 18,408 | 29,017 |
| Issuance of Class A common stock pursuant to vesting of equity awards, net of stock withheld for tax | 135 | — | — | — | — | — | — | — | (661) | — | — | (1,234) | (1,895) |
| Issuance of Class A common stock sold pursuant to follow-on offering, net of offering costs | 13,269 | — | — | — | — | — | — | — | 330,098 | — | — | — | 330,098 |
| Effect of acquisition of Dutch Bros OpCo Class A common units | — | — | — | — | — | — | — | — | (187,950) | — | — | 187,950 | — |
| Tax impacts of follow-on offering | — | — | — | — | — | — | — | — | 46,594 | — | — | — | 46,594 |
| Tax impacts of other equity-related transactions | — | — | — | — | — | — | — | — | 655 | — | — | — | 655 |
| Balance, September 30, 2023 | 58,948 | $1 | 64,699 | $1 | 41,056 | $— | 12,411 | $— | $344,771 | $1,093 | $(14,190) | $338,962 | $670,638 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.