Crocs Investor Presentation Deck slide image

Crocs Investor Presentation Deck

NON-GAAP RECONCILIATION (cont'd) Non-GAAP income from operations and operating margin reconciliation*: GAAP revenues GAAP income from operations Non-GAAP cost of sales adjustments (1) Non-GAAP selling, general and administrative expenses adjustments (²) Non-GAAP income from operations GAAP operating margin Non-GAAP operating margin crocs™ Three Months Ended December 31, 2020 $ 2021 $ 586,626 159,988 1,705 6,362 168,055 27.3 % 28.6 % $ 411,506 $ (in thousands) 64,631 1,550 20,850 87,031 15.7 % 21.1 % Year Ended December 31, 2021 (1) See 'Non-GAAP cost of sales and gross margin reconciliation' above for more details. (2) See 'Non-GAAP selling, general and administrative expenses reconciliation' above for more details. $ 2,313,416 $ 683,064 5,836 6,362 $ 695,262 29.5% 30.1 % 2020 $ 1,385,951 $ 214,124 6,701 41,736 $ 262,561 15.4 % 18.9 % * For a reconciliation of full year 2018, full year 2019, and Q4 2019 non-GAAP operating margin to the most comparable GAAP measure, please refer to the fourth quarter and full year 2019 press release linked here 33
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