Crocs Investor Presentation Deck slide image

Crocs Investor Presentation Deck

Cr CS cr OCS CI OC! APPENDIX NON-GAAP RECONCILIATION (CONT'D) Non-GAAP selling, general and administrative expenses and selling, general and administrative expenses as a percent of revenues reconciliation: GAAP revenues GAAP selling, general and administrative expenses HEYDUDE acquisition and integration costs (1) Impact of shutdown of Russia direct operations (2) Duplicate headquarters rent (3) Other (4) Total adjustments Non-GAAP selling, general and administrative expenses (5) GAAP selling, general and administrative expenses as a percent of revenues Non-GAAP selling, general and administrative expenses as a percent of revenues $ Three Months Ended December 31, 2022 2021 945,162 276,271 (4,992) (8,489) (973) (3,782) (18,236) 258,035 29.2 % 27.3 % $ (in thousands) 586,626 212,036 (6,362) (6,362) 205,674 36.1 % 35.1 % 2022 Year Ended December 31, $ 3,554,985 $ $ 1,009,526 (38,197) (14,286) (3,348) (4,909) (60,740) 948,786 28.4 % 26.7 % 2021 $ 2,313,416 $ 737,156 (6,362) (6,362) 730,794 (1) Represents costs related to the acquisition and integration of HEYDUDE, including legal, professional, consulting, and transaction fees. (2) Represents various costs associated with the continued shutdown of our direct operations in Russia, including the recognition of cumulative translation adjustments into earnings, severance, and lease exit costs and penalties. (3) Represents duplicate rent costs associated with our upcoming move to a new headquarters. (4) Represents costs associated with the implementation of a new enterprise resource planning system. (5) Non-GAAP selling, general and administrative expenses are presented gross of tax. 31.9 % 31.6% 39
View entire presentation