Crocs Investor Presentation Deck
NON-GAAP RECONCILIATIONS
Non-GAAP Operating Margin Guidance and Adjusted EBITDA Reconciliation:
Full Year 2022 Financial Guidance:
Non-GAAP operating margin and operating income reconciliation:
GAAP operating margin and operating income
Non-GAAP adjustments, primarily associated with the HEYDUDE acquisition (1)
Non-GAAP operating margin and operating income
Full Year 2022 Estimate:
Adjusted EBITDA reconciliation:
GAAP revenues
Non-GAAP operating margin and operating income
Non-GAAP operating income
Annualized Depreciation & Amortization for 9 months ended 9/30/2022 (²)
Adjusted EBITDA
Approximately:
crocs™
23%
4%
27%
Approximately:
(in thousands)
$3,550,000
27%
$958,500
$35,331
$993,831
(1) For the full year 2022, we expect to incur $55 million in SG&A costs, primarily associated with the HEYDUDE acquisition and integration, and a total $75 million in cost of sales, primarily related to the
write up of HEYDUDE inventory costs to fair market value at the close of acquisition.
(2) Depreciation and amortization for the nine months ended September 30, 2022 was $26,498,000.
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