Crocs Investor Presentation Deck slide image

Crocs Investor Presentation Deck

cr CS cr CS CI OC! Cl APPENDIX 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 $ Three Months Ended December 31, 2022 2021 945,162 $ 220,052 7,502 18,236 245,790 $ 23.3 % 26.0 % (in thousands) 586,626 $ 159,988 1,705 6,362 168,055 27.3 % 28.6 % 2022 Year Ended December 31, 3,554,985 850,756 74,836 60,740 986,332 23.9 % 27.7 % 2021 2,313,416 683,064 5,836 6,362 695,262 29.5% 30.1 % (1) See 'Non-GAAP cost of sales, gross profit, and gross margin reconciliation' above for more details. (2) See 'Non-GAAP selling, general and administrative expenses and selling, general and administrative expenses as a percent of revenues reconciliation' above for more details. 37
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