Analyze at least three items on the income statement for your base company that would be important to an investor, and discuss whether your company's performance related to these items appeared to be improving, deteriorating, or remaining stable. Justify your answer.
Consolidated Statements of Operations - USD ($)
12 Months Ended
shares in Thousands, $ in Thousands Dec. 31, 2024 Dec. 31, 2023 Dec. 31, 2022
Revenues
Total revenues
$ 1,281,015 $ 965,776 $ 739,012
Costs and Expenses
Cost of sales
940,886 714,480 558,096
Selling, general and administrative
234,036 205,074 183,528
Total costs and expenses
1,174,922 919,554 741,624
Income (loss) from operations
106,093 46,222 (2,612)
Other expense
Interest expense, net
(27,020) (32,321) (18,018)
Other income
5,812 3,018 3,976
Total other expense
(21,208) (29,303) (14,042)
Income (loss) before income taxes
84,885 16,919 (16,654)
Income tax expense
18,435 6,967 2,599
Net income (loss)
66,450 9,952 (19,253)
Less: Net income (loss) attributable to non-controlling interests
31,192 8,234 (14,500)
Net income (loss) attributable to Dutch Bros Inc.
$ 35,258 $ 1,718 $ (4,753)
Net income (loss) per share of Class A and Class D common stock:
Basic (in dollars per share)
$ 0.34 $ 0.03 $ (0.09)
Diluted (in dollars per share)
$ 0.34 $ 0.03 $ (0.09)
Weighted-average shares of Class A and Class D common stock outstanding:
Basic (in shares)
103,504 62,074 51,871
Diluted (in shares)
104,129 62,074 51,871
Company-operated shops
Revenues
Total revenues
$ 1,165,830 $ 857,939 $ 639,710
Franchising and other
Revenues
Total revenues
$ 115,185 $ 107,837 $ 99,302
