Crocs Results Presentation Deck
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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
SA
$
Three Months Ended March 31,
2021
2022
(in thousands)
660,148 $
118,677
30,918
25,868
175,463
18.0 %
26.6 %
460,098
124,686
985
125,671
27.1 %
27.3 %
(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.
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5
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