Crocs Investor Presentation Deck
NON-GAAP RECONCILIATION (cont'd)
Non-GAAP income from operations and operating margin reconciliation:
Three Months Ended September 30,
2021
2020
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
625,919 $
crocs™
203,068
2,031
205,099
32.4 %
32.8%
(in thousands)
$
361,736
72,086
1,016
2,263
75,365 $
9 %
20.8 %
Nine Months Ended September 30,
2021
2020
1,726,790
523,076
4,131
527,207
3 %
30.5 %
$
(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.
974,445
149,493
5,151
20,886
175,530
%
18.0 %
25View entire presentation