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  "documentTitle": "Dutch Bros | Investor Presentation Deck | 15 slides",
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      "kind": "source-note",
      "text": "3 See slide 12 for explanations of each non-GAAP adjustment.",
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      "text": "1 Refer to \"Non-GAAP Financial Measures\" section on our Earnings Release filed on Form 8-K, dated February 22, 2023 for the year ended December 31, 2022 regarding our revised historical results related to an immaterial error correction for employee sick leave.",
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      "text": "2 Selling, general, and administrative includes depreciation and amortization.",
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      "text": "($ in thousands) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Year Ended December 31, 2021 2022 Total revenues $ 98,785 $ 129,208 $ 129,803 $ 140,080 $ 152,156 $ 186,381 $ 198,648 $ 201,827 $ 497,876 $ 739,012 Selling, general, and administrative 2 $ 35,986 $ 33,488 $ 153,700 $ 41,355 $ 45,214 $ 42,342 $ 45,378 $ 50,594 $ 264,529 $ 183,528 As a percentage of total revenue 36.4% 25.9% 118.4% 29.5% 29.7% 22.7% 22.8% 25.1% 53.1% 24.8% Adjustments 3 Equity-based compensation (14,650) (8,332) (124,779) (9,955) (9,900) (10,446) (10,649) (10,662) (157,716) (41,657) Expenses associated with equity offering (76) (2,253) (3,332) (862) (6,523) Donations associated with equity offering (1,392) (2,400) (3,792) COVID-19: prepaid costs not utilized (1,200) (1,105) (2,305) Milestone events (2,434) (2,434) Executive transitions costs (691) (691) Total adjustments $ (14,726) $ (10,585) $ (129,503) $ (13,217) $ (13,534) $ (10,446) $ (10,649) $ (12,458) $ (168,031) $ (47,087) Adjusted selling, general, and administrative $ 21,260 $ 22,903 $ 24,197 $ 28,138 $ 31,680 $ 31,896 $ 34,729 $ 38,136 $ 96,498 $ 136,441 As a percentage of total revenue 21.5% 17.7% 18.6% 20.1% 20.8% 17.1% 17.5% 18.9% 19.4% 18.5% Compared to the prior year (0.7)% (0.6)% (1.1)% (1.2)% (0.9)%",
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      "kind": "title",
      "text": "SG&A LEVERAGE",
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