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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 262,719 $ 133,545
Accounts receivable, net 11,659 9,124
Inventories, net 45,393 46,953
Prepaid expenses and other current assets 15,308 15,637
Total current assets 335,079 205,259
Property and equipment, net 585,271 542,440
Finance lease right-of-use assets, net 380,932 382,734
Operating lease right-of-use assets, net 234,352 199,673
Intangibles, net 4,615 5,415
Goodwill 21,629 21,629
Deferred income tax assets, net 507,357 402,995
Other long-term assets 4,080 3,865
Total assets 2,073,315 1,764,010
Current liabilities:    
Accounts payable 38,763 29,957
Accrued compensation and benefits 23,061 31,405
Other accrued liabilities 17,281 15,770
Other current liabilities 5,613 6,423
Deferred revenue 29,110 30,349
Current portion of finance lease liabilities 10,681 9,482
Current portion of operating lease liabilities 9,417 10,239
Current portion of long-term debt 12,618 4,491
Total current liabilities 146,544 138,116
Deferred revenue, net of current portion 6,313 6,676
Finance lease liabilities, net of current portion 368,198 367,775
Operating lease liabilities, net of current portion 226,877 191,419
Long-term debt, net of current portion 233,571 93,175
Tax receivable agreements liability 395,841 290,920
Other long-term liabilities 8 8
Total liabilities 1,377,352 1,088,089
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Preferred stock, $0.00000 par value per share - 20,000 shares authorized; zero shares issued and outstanding as of March 31, 2024 and December 31, 2023 0 0
Additional paid-in capital 424,721 379,391
Accumulated other comprehensive income 925 544
Accumulated deficit (8,530) (15,592)
Total stockholders' equity attributable to Dutch Bros Inc. 417,118 364,345
Non-controlling interests 278,845 311,576
Total equity 695,963 675,921
Total liabilities and equity 2,073,315 1,764,010
Class A common stock    
Stockholders’ equity:    
Common stock 1 1
Class B common stock    
Stockholders’ equity:    
Common stock 1 1
Class C common stock    
Stockholders’ equity:    
Common stock 0 0
Class D common stock    
Stockholders’ equity:    
Common stock $ 0 $ 0