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Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2022
Accounting Policies [Abstract] |
Schedule of immaterial correction of previously issued consolidated financial statements | The tables below reflect the sections of the Company’s condensed consolidated financial statements that were impacted by the error. Condensed Consolidated Balance Sheet:
|  | December 31, 2021
(in thousands) |  | As Reported |  | Adjustments |  | As Corrected
Current liabilities: |  |  |  |  |  |
Accrued liabilities |  | $ | 24,513 |  |  | $ | (3,543) |  |  | $ | 20,970 |
Total current liabilities |  | 142,277 |  |  | (3,543) |  |  | 138,734 |
Total liabilities |  | 343,514 |  |  | (3,543) |  |  | 339,971 |
Stockholders’ equity: |  |  |  |  |  |
Additional paid in capital |  | 106,410 |  |  | 783 |  |  | 107,193 |
Accumulated deficit |  | (12,914) |  |  | 235 |  |  | (12,679) |
Total stockholders’ equity attributable to Dutch Bros Inc. / members’ equity |  | 93,498 |  |  | 1,018 |  |  | 94,516 |
Non-controlling interests |  | 116,688 |  |  | 2,525 |  |  | 119,213 |
Total equity |  | $ | 210,186 |  |  | $ | 3,543 |  |  | $ | 213,729 |
Condensed Consolidated Statements of Operations:
|  | Three Months Ended September 30, 2021
(in thousands) |  | As Reported |  | Adjustments |  | As Corrected
Costs and expenses |  |  |  |  |  |
Cost of sales |  | $ | 91,060 |  |  | $ | (281) |  |  | $ | 90,779 |
Selling, general and administrative |  | 153,727 |  |  | (27) |  |  | 153,700 |
Total costs and expenses |  | 244,787 |  |  | (308) |  |  | 244,479 |
Loss from operations |  | (114,984) |  |  | 308 |  |  | (114,676) |
Loss before income taxes |  | (118,418) |  |  | 308 |  |  | (118,110) |
Net loss |  | $ | (117,138) |  |  | $ | 308 |  |  | $ | (116,830) |
Less: Net loss attributable to non-controlling interests 1 |  | (31,531) |  |  | 219 |  |  | (31,312) |
NET LOSS ATTRIBUTABLE TO DUTCH BROS INC.1 |  | $ | (11,166) |  |  | $ | 89 |  |  | $ | (11,077) |
_________________ 1 Amounts and balances have been updated to reflect reclassifications based on updated timing and sequence of certain Reorganization Transactions and purchase of Dutch Bros OpCo Class A common units in connection with the IPO from previously reported figures in the Company’s Form 10-Q for the period ended September 30, 2021, as filed with the SEC on November 12, 2021.
|  | Nine Months Ended September 30, 2021
(in thousands) |  | As Reported |  | Adjustments |  | As Corrected
Costs and expenses |  |  |  |  |  |
Cost of sales |  | $ | 239,869 |  |  | $ | (1,115) |  |  | $ | 238,754 |
Selling, general and administrative |  | 223,595 |  |  | (421) |  |  | 223,174 |
Total costs and expenses |  | 463,464 |  |  | (1,536) |  |  | 461,928 |
Loss from operations |  | (105,668) |  |  | 1,536 |  |  | (104,132) |
Loss before income taxes |  | (112,015) |  |  | 1,536 |  |  | (110,479) |
Net loss |  | $ | (111,299) |  |  | $ | 1,536 |  |  | $ | (109,763) |
Less: Net loss attributable to Dutch Bros OpCo prior to the Reorganization Transactions |  | (68,602) |  |  | 1,228 |  |  | (67,374) |
Less: Net loss attributable to non-controlling interests 1 |  | (31,531) |  |  | 219 |  |  | (31,312) |
NET LOSS ATTRIBUTABLE TO DUTCH BROS INC. 1 |  | $ | (11,166) |  |  | $ | 89 |  |  | $ | (11,077) |
_________________ 1 Amounts and balances have been updated to reflect reclassifications based on updated timing and sequence of certain Reorganization Transactions and purchase of Dutch Bros OpCo Class A common units in connection with the IPO from previously reported figures in the Company’s Form 10-Q for the period ended September 30, 2021, as filed with the SEC on November 12, 2021. Condensed Consolidated Statements of Stockholders’/Members’ Equity:
|  | Three Months Ended September 30, 2021
(in thousands) |  | As Reported 1 |  | Adjustments |  | As Corrected
Members' Equity |  |  |  |  |  |
Balance, June 30, 2021 |  | $ | (127,279) |  |  | $ | 2,725 |  |  | $ | (124,554) |
Effect of the Reorganization Transactions and initial public offering on non-controlling interests |  | 50,745 |  |  | (2,725) |  |  | 48,020 |
Additional Paid-in-Capital |  |  |  |  |  |
Effect of the Reorganization Transactions and initial public offering on non-controlling interests |  | (196,515) |  |  | 579 |  |  | (195,936) |
Purchase of OpCo Units in connection with the initial public offering |  | (239,622) |  |  | 201 |  |  | (239,421) |
Effect of exchange of Dutch Bros OpCo Class A common units |  | 285 |  |  | 4 |  |  | 289 |
Balance, September 30, 2021 |  | 104,259 |  |  | 784 |  |  | 105,043 |
Accumulated Deficit |  |  |  |  |  |
Net loss subsequent to the Reorganization Transactions |  | (11,166) |  |  | 89 |  |  | (11,077) |
Balance, September 30, 2021 |  | (11,166) |  |  | 89 |  |  | (11,077) |
Non-Controlling Interests |  |  |  |  |  |
Effect of the Reorganization Transactions and initial public offering on non-controlling interests |  | 145,768 |  |  | 2,146 |  |  | 147,914 |
Purchase of OpCo Units in connection with the initial public offering |  | (13,648) |  |  | (201) |  |  | (13,849) |
Net loss subsequent to the Reorganization Transactions |  | (31,531) |  |  | 219 |  |  | (31,312) |
Effect of exchange of Dutch Bros OpCo Class A common units |  | (285) |  |  | (4) |  |  | (289) |
Balance, September 30, 2021 |  | 116,527 |  |  | 2,160 |  |  | 118,687 |
Total Equity |  |  |  |  |  |
Balance, June 30, 2021 |  | (127,279) |  |  | 2,725 |  |  | (124,554) |
Net loss subsequent to the Reorganization Transactions |  | (42,697) |  |  | 308 |  |  | (42,389) |
Balance, September 30, 2021 |  | 209,622 |  |  | 3,033 |  |  | 212,655 |
_________________ 1 Amounts and balances have been updated to reflect reclassifications based on updated timing and sequence of certain Reorganization Transactions and purchase of Dutch Bros OpCo Class A common units in connection with the IPO from previously reported figures in the Company’s Form 10-Q for the period ended September 30, 2021, as filed with the SEC on November 12, 2021.
|  | Nine Months Ended September 30, 2021
(in thousands) |  | As Reported 1 |  | Adjustments |  | As Corrected
Members' Equity |  |  |  |  |  |
Balance, December 31, 2020 |  | $ | 75,990 |  |  | $ | 1,497 |  |  | $ | 77,487 |
Net loss prior to the Reorganization Transactions |  | (68,602) |  |  | 1,228 |  |  | (67,374) |
Effect of the Reorganization Transactions and initial public offering on non-controlling interests |  | 50,745 |  |  | (2,725) |  |  | 48,020 |
Additional Paid-in-Capital |  |  |  |  |  |
Effect of the Reorganization Transactions and initial public offering on non-controlling interests |  | (196,515) |  |  | 579 |  |  | (195,936) |
Purchase of OpCo Units in connection with the initial public offering |  | (239,622) |  |  | 201 |  |  | (239,421) |
Effect of exchange of Dutch Bros OpCo Class A common units |  | 285 |  |  | 4 |  |  | 289 |
Balance, September 30, 2021 |  | 104,259 |  |  | 784 |  |  | 105,043 |
Accumulated Deficit |  |  |  |  |  |
Net loss subsequent to the Reorganization Transactions |  | (11,166) |  |  | 89 |  |  | (11,077) |
Balance, September 30, 2021 |  | (11,166) |  |  | 89 |  |  | (11,077) |
Non-Controlling Interests |  |  |  |  |  |
Effect of the Reorganization Transactions and initial public offering on non-controlling interests |  | 145,768 |  |  | 2,146 |  |  | 147,914 |
Purchase of OpCo Units in connection with the initial public offering |  | (13,648) |  |  | (201) |  |  | (13,849) |
Net loss subsequent to the Reorganization Transactions |  | (31,531) |  |  | 219 |  |  | (31,312) |
Effect of exchange of Dutch Bros OpCo Class A common units |  | (285) |  |  | (4) |  |  | (289) |
Balance, September 30, 2021 |  | 116,527 |  |  | 2,160 |  |  | 118,687 |
Total Equity |  |  |  |  |  |
Balance, December 31, 2020 |  | 75,990 |  |  | 1,497 |  |  | 77,487 |
Net loss prior to the Reorganization Transactions |  | (68,602) |  |  | 1,228 |  |  | (67,374) |
Net loss subsequent to the Reorganization Transactions |  | (42,697) |  |  | 308 |  |  | (42,389) |
Balance, September 30, 2021 |  | 209,622 |  |  | 3,033 |  |  | 212,655 |
_________________ 1 Amounts and balances have been updated to reflect reclassifications based on updated timing and sequence of certain Reorganization Transactions and purchase of Dutch Bros OpCo Class A common units in connection with the IPO from previously reported figures in the Company’s Form 10-Q for the period ended September 30, 2021, as filed with the SEC on November 12, 2021. Condensed Consolidated Statement of Cash Flows:
|  | Nine Months Ended September 30, 2021
(in thousands) |  | As Reported |  | Adjustments |  | As Corrected
Cash flows from operating activities: |  |  |  |  |  |
Net loss |  | $ | (111,299) |  |  | $ | 1,536 |  |  | $ | (109,763) |
Changes in operating assets and liabilities, net of acquisitions: |  |  |  |  |  |
Accrued liabilities |  | 7,888 |  |  | (1,536) |  |  | 6,352 |
Schedule of vendor incentives and advertising costs | Vendor incentives recognized in cost of sales were as follows for the periods presented:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
(in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  |
Vendor incentives |  | $ | 13,808 |  |  | $ | 11,585 |  |  | $ | 32,700 |  |  | $ | 30,348 |  |  |
Advertising expense was as follows for the periods presented:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
(in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  |
Advertising expense |  | $ | 8,158 |  |  | $ | 7,602 |  |  | $ | 22,840 |  |  | $ | 19,948 |  |  |

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