← Dutch Bros Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $28.4m
$0 -100.00%
($12.9m)
($4.8m) +63.19%
$1.7m +136.15%
$35.3m +1952.27%
$79.8m +126.45%
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — $5.7m ($120.0m) ($19.3m) $10.0m $66.5m $117.3m
Net Income (Loss) Attributable to Noncontrolling Interest — $0 ($38.5m) ($14.5m) $8.2m $31.2m $37.4m
Depreciation, Depletion and Amortization $9.7m $15.5m $25.2m $44.7m $69.1m $93.0m $115.1m
Depreciation, Depletion and Amortization $9.7m $15.5m $25.2m $44.7m $69.1m $93.0m $115.1m
Depreciation $9.7m $12.9m $21.7m $29.0m $44.4m $64.9m $86.2m
Deferred Income Tax Expense (Benefit) — ($128k) ($2.7m) $1.1m $5.9m $15.4m $17.6m
Deferred income taxes $0 $0 ($2.7m) $1.1m $5.9m $15.4m $17.6m
Share-based Payment Arrangement, Noncash Expense — $35.1m $157.7m $41.7m $39.2m $11.5m $18.0m
Payment, Tax Withholding, Share-based Payment Arrangement — $0 $11.3m $3.9m $1.9m $1.1m $12.5m
Share-based Payment Arrangement, Expense — — — — — $11.5m $18.0m
Goodwill, Impairment Loss — $0 $0 $0 $0 $0 $0
Nonoperating Income (Expense) — ($4.1m) ($8.3m) ($14.0m) ($29.3m) ($21.2m) ($25.6m)
Other Nonoperating Income (Expense) — ($363k) ($1.2m) $4.0m $3.0m $5.8m $2.7m
Changes in operating assets and liabilities:
Increase (Decrease) in Accounts Receivable — $4.2m ($193k) $1.3m ($2.8m) $1.5m $7.8m
Accounts receivable, net ($612k) ($4.2m) $193k ($1.3m) $2.8m ($1.5m) ($7.8m)
Increase (Decrease) in Inventories — $4.6m $7.7m $15.8m $7.7m ($10.5m) $12.4m
Inventories, net $222k ($4.6m) ($7.7m) ($15.8m) ($7.7m) $10.5m ($12.4m)
Increase (Decrease) in Accounts Payable — ($518k) $2.2m $1.6m $3.9m $3.7m $3.7m
Accounts payable $3.5m ($518k) $2.2m $1.6m $3.9m $3.7m $3.7m
Accrued capital expenditures — $40.6m $118.4m $187.9m $228.5m $221.7m $241.1m
Deferred revenue $5.0m $4.4m $11.7m $3.4m $5.6m $13.9m $13.7m
Prepaid expenses and other current assets $2.2m ($1.3m) ($3.8m) ($695k) ($4.8m) ($2.3m) ($3.7m)
Other current liabilities $217k $584k $5.0m $1.4m $484k $644k $20.4m
Net Cash Provided by (Used in) Operating Activities $56.7m
$53.5m -5.56%
$80.4m +50.10%
$59.9m -25.50%
$139.9m +133.65%
$246.4m +76.13%
$295.5m +19.93%
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $13.8m $40.6m $118.4m $187.9m $228.5m $221.7m $241.1m
Gain (Loss) on Disposition of Property Plant Equipment — ($475k) ($657k) $340k $23k $1.3m ($300k)
Payments to Acquire Businesses, Net of Cash Acquired — $5.1m $5.4m $6.1m $0 $0 —
Net Cash Provided by (Used in) Investing Activities ($39.9m) ($45.6m) ($121.1m) ($192.6m) ($227.3m) ($212.1m) ($241.1m)
Cash flows from financing activities:
Gain (Loss) on Extinguishment of Debt — $0 ($1.3m) $0 $0 — ($809k)
Loss on extinguishment of debt $0 $0 $1.3m $0 $0 $0 $809k
Proceeds from long-term debt $0 $5.2m $200.0m $1.4m $1.6m $150.0m $250.0m
Payments on long-term debt ($3.0m) ($3.2m) ($227.6m) ($2.0m) ($2.6m) ($11.1m) ($286.7m)
Payments of debt issuance costs $0 $0 ($2.4m) ($2.7m) ($1.4m) $0 ($1.5m)
Net Cash Provided by (Used in) Financing Activities ($12.7m)
$8.1m +163.70%
$27.6m +241.46%
$134.4m +387.17%
$200.7m +49.40%
$125.4m -37.50%
($78.4m) -162.52%
Net increase (decrease) in cash and cash equivalents $4.1m $16.1m ($13.1m) $1.7m $113.4m $159.8m ($23.9m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $16.1m ($13.1m) $1.7m $113.4m $159.8m ($23.9m)
Cash and cash equivalents, beginning of period $15.6m $31.6m $18.5m $20.2m $133.5m $293.4m $269.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $31.6m $18.5m $20.2m $133.5m $293.4m $269.4m
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $2.4m $3.8m $7.3m $17.6m $35.0m $39.1m $39.0m
Income Taxes Paid, Net $103k $338k $886k $1.3m $1.7m $2.3m $996k
Additional Financial Items
Goodwill — $18.1m $18.7m $21.6m $21.6m $21.6m $21.6m
Income Tax Expense (Benefit) — $843k ($1.6m) $2.6m $7.0m $18.4m $18.3m
Non-cash interest expense $98k $98k $280k $691k $887k $1.1m $824k
Non-cash donation expense — — — $0 $0 $1.8m $0
(Gain) loss on disposal of assets $232k $475k $657k ($340k) ($23k) ($1.3m) $300k
Equity-based compensation $6.8m $35.1m $157.7m $41.7m $39.2m $11.5m $18.0m
Remeasurement gain on TRAs — $0 $0 ($3.5m) ($2.6m) ($4.2m) ($4.8m)
Other long-term assets $495k ($573k) $13k $1.1m ($578k) $611k ($2.0m)
Other long-term liabilities ($3.0m) ($66k) ($118k) ($672k) $0 $0 ($8k)
Operating lease liabilities — $0 $0 ($9.7m) ($9.1m) ($7.5m) ($2.3m)
Proceeds from line of credit $0 $30.0m $65.0m $157.7m $90.0m $2.4m $0
Payments on line of credit ($2.0m) ($15.0m) ($15.0m) ($10.0m) ($202.7m) ($2.4m) $0
Payments on finance lease liabilities — ($1.2m) ($2.7m) ($5.8m) ($12.4m) ($10.5m) ($16.1m)
Proceeds from equity offering, net of underwriting discounts and commissions — — $524.9m $0 $331.2m $0 $0
Payment of deferred offering costs — — ($3.8m) ($250k) ($1.1m) $0 $0
Tax withholding payments upon vesting of equity awards $0 $0 ($11.3m) ($3.9m) ($1.9m) ($1.1m) ($12.5m)
Distributions to non-controlling interest holders — — — $0 $0 ($1.9m) ($6.9m)
Payments under tax receivable agreements — — — — $0 $0 ($4.7m)

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.