Crocs Investor Presentation Deck
NON-GAAP RECONCILIATION
Non-GAAP cost of sales, gross profit, and gross margin reconciliation:
GAAP revenues
GAAP cost of sales
New distribution centers (1)
COVID-19 inventory write-off (2)
Other
Total adjustments
Non-GAAP cost of sales
GAAP gross profit
GAAP gross margin
Non-GAAP gross profit
Non-GAAP gross margin
Three Months Ended December 31, 2021
2021
2020
$
GA
586,626
214,602
(1,705)
(1,705)
212,897
372,024
63.4 %
373,729
63.7 %
$
(in thousands)
$
411,506
182,422
(1,550)
(1,550)
180,872
229,084
55.7 %
230,634
56.0 %
$
SA
2021
(1) Represents expenses, including expansion costs, related to our distribution centers in Dayton, Ohio and Dordrecht, the
Netherlands and initial costs for our new third-party operated distribution center in Chiba, Japan.
(2) Represents an inventory write-off in our Asia Pacific segment associated with the impact of COVID-19.
crocs™
Year Ended
December 31,
2,313,416
893, 196
(5,836)
(5,836)
887,360
1,420,220
61.4 %
1,426,056
61.6 %
SA
SA
SA
2020
1,385,951
636,003
(4,186)
(2,396)
(119)
(6,701)
629,302
749,948
54.1 %
756,649
54.6 %
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