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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES        
Total revenues $ 198,648 $ 129,803 $ 537,185 $ 357,796
COSTS AND EXPENSES        
Cost of sales 148,092 90,779 410,629 238,754
Selling, general and administrative 45,378 153,700 132,934 223,174
Total costs and expenses 193,470 244,479 543,563 461,928
INCOME (LOSS) FROM OPERATIONS 5,178 (114,676) (6,378) (104,132)
OTHER EXPENSE        
Interest expense, net (5,011) (2,393) (11,096) (5,248)
Other expense, net (1,944) (1,041) (1,662) (1,099)
Total other expense (6,955) (3,434) (12,758) (6,347)
LOSS BEFORE INCOME TAXES (1,777) (118,110) (19,136) (110,479)
Income tax benefit (3,371) (1,280) (2,700) (716)
NET INCOME (LOSS) 1,594 (116,830) (16,436) (109,763)
Less: Net loss attributable to Dutch Bros OpCo prior to the Reorganization Transactions 0 (74,441) 0 (67,374)
Less: Net loss attributable to non-controlling interests [1] (169) (31,312) (12,346) (31,312)
NET INCOME (LOSS) ATTRIBUTABLE TO DUTCH BROS INC [1] $ 1,763 $ (11,077) $ (4,090) $ (11,077)
Net income (loss) per share of Class A and Class D common stock        
Basic (in dollars per share) [2] $ 0.03 $ (0.24) $ (0.08) $ (0.24)
Diluted (in dollars per share) [2] $ 0.03 $ (0.24) $ (0.08) $ (0.24)
Weighted-average shares of Class A and Class D common stock outstanding:        
Basic (in shares) 53,118 45,807 50,719 45,807
Diluted (in shares) 54,418 45,807 50,719 45,807
Company-operated shops        
REVENUES        
Total revenues $ 173,501 $ 108,661 $ 464,200 $ 289,548
Franchising and other        
REVENUES        
Total revenues $ 25,147 $ 21,142 $ 72,985 $ 68,248
[1] 2021 amounts and balances have been updated to reflect reclassifications based on updated timing and sequence of certain Reorganization Transactions and purchase of 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.
[2] Basic and diluted net loss per share of Class A and Class D common stock are applicable only for periods subsequent to September 14, 2021, the effective date of the Company’s Reorganization Transactions and IPO.