Dutch Bros Inc
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 13, 2025
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Other Expense
| Year Ended December 31, | |||||||
|---|---|---|---|---|---|---|---|
| (in thousands; unaudited) · 2024 · 2023 · 2022 · 2024 v. 2023 · 2023 v 2022 | |||||||
| Interest expense on finance leases | $(22,053) | $(17,516) | $(9,296) | $(4,537) | 25.9% | $(8,220) | 88.4% |
| Other interest expense, net | (4,967) | (14,805) | (8,722) | 9,838 | (66.5)% | (6,083) | 69.7% |
| Interest expense, net | $(27,020) | $(32,321) | $(18,018) | $5,301 | (16.4)% | $(14,303) | 79.4% |
| Other income | 5,812 | 3,018 | 3,976 | 2,794 | 92.6% | (958) | (24.1)% |
| Total other expense | $(21,208) | $(29,303) | $(14,042) | $8,095 | (27.6)% | $(15,261) | 108.7% |
The decrease in interest expense, net was primarily driven by interest income on cash invested in money market funds, partially offset by additional interest on finance leases for new shop builds.
The increase in other income was primarily driven by higher remeasurement gains in the current year related to the TRAs liability and the gain on sale of our airplane and hangar.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.