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
$
crocs™
Three Months Ended September 30,
2021
2020
625,919 $
226,123
(2,031)
(2,031)
224,092
399,796
63.9 %
401,827 $
64.2%
(in thousands)
361,736 $
154,967
(897)
(119)
(1,016)
153,951
206,769
57.2 %
207,785
Nine Months Ended September 30,
2021
2020
57.4 %
1,726,790 $
678,594 $
(4,131)
(4,131)
674,463 $
1,048,196 $
60.7%
1,052,327 $
60.9%
974,445
453,581
(2,636)
(2,396)
(119)
(5,151)
448,430
520,864
(1) Represents expenses, including expansion costs, related to our distribution centers in Dayton, Ohio and Dordrecht, the Netherlands.
(2) Represents an inventory write-off in our Asia Pacific segment associated with the impact of COVID-19.
53.5 %
526,015
54.0 %
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