Crocs Investor Presentation Deck
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APPENDIX
NON-GAAP RECONCILIATION (CONT'D)
Non-GAAP Selling, General and Administrative Expenses Reconciliation by Brand:
GAAP Crocs Brand selling, general and administrative expenses as a percent of revenues
Non-GAAP adjustments:
Impact of shutdown of Russia direct operations (1)
Non-GAAP Crocs Brand selling, general and administrative expenses as a percent of revenues
GAAP HEYDUDE Brand selling, general and administrative expenses as a percent of revenues
Non-GAAP adjustments:
Other
Non-GAAP HEYDUDE Brand selling, general and administrative expenses as a percent of revenues
Three Months Ended December 31,
2021
2022
25.4 %
(1.2)%
24.2 %
Three Months Ended
December 31,
2022
19.6 %
(0.1)%
19.5 %
26.2 %
- %
26.2 %
Year Ended
December 31,
2022
2022
17.2 %
- %
17.2 %
Year Ended
December 31,
24.3 %
(0.6)%
23.7 %
(1) 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.
2021
24.2%
- %
24.2 %
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