Crocs Investor 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
$
$
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.
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