CROX FY 2019 Earnings Report — Crocs, Inc. Revenue & Financial Results | Market Cap Arena

Crocs, Inc.CROX

FY 2019 Earnings

Reported February 27, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.1B	—	13.1%
Op. Income	$129M	—	$63M	—	104.4%
Gross Margin	50.1%	—	51.5%	—	-1.3pp
Net Margin	9.7%	—	4.6%	—	5.1pp
EPS (Diluted)	$1.67	—	$-1.01	—	265.3%
Free Cash Flow	$53M	—	$102M	—	-47.8%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$614M
GROSS PROFIT	$617M
R&D Expenses	$0
Selling & Marketing	$83M
General & Administrative	$374M
SG&A Expenses	$458M
Other Expenses	$19M
Operating Expenses	$488M
Cost & Expenses	$1.1B
OPERATING INCOME	$129M
Interest Income	$601.0K
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$119M
Income Tax Expense	-$175.0K
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$24M
EBIT	$128M
EBITDA	$152M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$614M
GROSS PROFIT	$617M
R&D Expenses	$0
Selling & Marketing	$83M
General & Administrative	$374M
SG&A Expenses	$458M
Other Expenses	$19M
Operating Expenses	$488M
Cost & Expenses	$1.1B
OPERATING INCOME	$129M
Interest Income	$601.0K
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$119M
Income Tax Expense	-$175.0K
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$24M
EBIT	$128M
EBITDA	$152M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$119M
Depreciation & Amortization	$24M
Stock-Based Compensation	$14M
Deferred Income Tax	-$16M
Other Non-Cash Items	$59M
Change in Working Capital	-$111M
OPERATING CASH FLOW	$90M
Capital Expenditure	-$37M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$340.0K
NET CASH FROM INVESTING	-$36M
Net Debt Issuance	$85M
Common Stock Repurchased	-$149M
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$69M
FREE CASH FLOW	$53M
Net Change in Cash	-$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$110M
Short-Term Investments	$0
Net Receivables	$118M
Inventory	$172M
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$425M
PP&E (Net)	$230M
Goodwill	$2M
Intangible Assets	$47M
Long-Term Investments	$2M
Tax Assets	$25M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$313M
TOTAL ASSETS	$739M
Account Payables	$96M
Short-Term Debt	$49M
Deferred Revenue	$0
Other Current Liabilities	$66M
TOTAL CURRENT LIABILITIES	$257M
Long-Term Debt	$205M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$350M
TOTAL LIABILITIES	$607M
Common Stock	$104.0K
Additional Paid-In Capital	$496M
Retained Earnings	$240M
Treasury Stock	-$546M
Accum. Other Comp. Income	-$58M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$132M
Minority Interest	$0
TOTAL EQUITY	$132M
TOTAL LIABILITIES & EQUITY	$739M
Total Debt	$394M
Net Debt	$284M