CROX FY 2018 Earnings Report — Crocs, Inc. Revenue & Financial Results | Market Cap Arena

Crocs, Inc.CROX

FY 2018 Earnings

Reported February 28, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.0B	—	6.3%
Op. Income	$63M	—	$17M	—	263.1%
Gross Margin	51.5%	—	50.5%	—	0.9pp
Net Margin	4.6%	—	1.0%	—	3.6pp
EPS (Diluted)	$-1.01	—	$-0.07	—	-1342.9%
Free Cash Flow	$102M	—	$85M	—	20.0%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$528M
GROSS PROFIT	$560M
R&D Expenses	$0
Selling & Marketing	$69M
General & Administrative	$379M
SG&A Expenses	$448M
Other Expenses	$35M
Operating Expenses	$497M
Cost & Expenses	$1.0B
OPERATING INCOME	$63M
Interest Income	$1M
Interest Expense	$955.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$65M
Income Tax Expense	$15M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$69M
D&A	$29M
EBIT	$66M
EBITDA	$95M
EPS	-$1
EPS Diluted	-$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$528M
GROSS PROFIT	$560M
R&D Expenses	$0
Selling & Marketing	$69M
General & Administrative	$379M
SG&A Expenses	$448M
Other Expenses	$35M
Operating Expenses	$497M
Cost & Expenses	$1.0B
OPERATING INCOME	$63M
Interest Income	$1M
Interest Expense	$955.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$65M
Income Tax Expense	$15M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$69M
D&A	$29M
EBIT	$66M
EBITDA	$95M
EPS	-$1
EPS Diluted	-$1

Cash Flow Statement

Item	Amount
Net Income	$50M
Depreciation & Amortization	$29M
Stock-Based Compensation	$13M
Deferred Income Tax	$959.0K
Other Non-Cash Items	$8M
Change in Working Capital	$12M
OPERATING CASH FLOW	$114M
Capital Expenditure	-$12M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$10M
Net Debt Issuance	$119M
Common Stock Repurchased	-$247M
Common Dividends Paid	$0
Other Financing Activities	-$270.0K
NET CASH FROM FINANCING	-$149M
FREE CASH FLOW	$102M
Net Change in Cash	-$50M

Balance Sheet

Item	Amount
Cash & Equivalents	$125M
Short-Term Investments	$0
Net Receivables	$108M
Inventory	$124M
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$380M
PP&E (Net)	$22M
Goodwill	$2M
Intangible Assets	$46M
Long-Term Investments	$2M
Tax Assets	$9M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$89M
TOTAL ASSETS	$469M
Account Payables	$77M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$58M
TOTAL CURRENT LIABILITIES	$184M
Long-Term Debt	$120M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$134M
TOTAL LIABILITIES	$319M
Common Stock	$103.0K
Additional Paid-In Capital	$481M
Retained Earnings	$121M
Treasury Stock	-$397M
Accum. Other Comp. Income	-$55M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$150M
Minority Interest	$0
TOTAL EQUITY	$150M
TOTAL LIABILITIES & EQUITY	$469M
Total Debt	$120M
Net Debt	-$5M