Crocs Investor Presentation Deck
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,
2020
$
2021
$ 586,626
159,988
1,705
6,362
168,055
27.3 %
28.6 %
$ 411,506
$
(1) See 'Non-GAAP cost of sales and gross margin reconciliation' above for more details.
(2) See 'Non-GAAP selling, general and administrative expenses reconciliation' above for more details.
crocs™
(in thousands)
64,631
1,550
20,850
87,031
15.7 %
21.1 %
Year Ended
December 31,
2021
$ 2,313,416
$ 683,064
5,836
6,362
$ 695,262
29.5%
30.1 %
2020
$ 1,385,951
$ 214,124
6,701
41,736
$ 262,561
15.4 %
18.9 %
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