Crocs, Inc. (CROX) Financial Statements (2024 and earlier)

Company Profile

Business Address 13601 VIA VARRA
BROOMFIELD, CO 80020
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3021 - Rubber and Plastics Footwear (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments166,235125,687191,629142,971187,352171,969
Cash and cash equivalents166,235125,687191,629142,971187,352171,969
Restricted cash and investments22223234
Receivables411,925422,042310,346400,121425,713400,286
Inventory, net of allowances, customer advances and progress billings436,269476,112471,551513,748501,527407,589
Inventory436,269476,112471,551513,748501,527407,589
Other undisclosed current assets86,78590,81952,44766,33053,68358,660
Total current assets:1,101,2161,114,6621,025,9751,123,1721,168,3071,038,538
Noncurrent Assets
Operating lease, right-of-use asset228,076233,981239,905248,548236,077199,805
Property, plant and equipment213,844190,492181,529163,374140,278135,649
Intangible assets, net (including goodwill)2,507,4462,510,4782,514,9812,516,9562,518,2102,538,447
Goodwill711,570711,560714,814714,380714,143642,467
Intangible assets, net (excluding goodwill)1,795,8761,798,9181,800,1671,802,5761,804,0671,895,980
Restricted cash and investments3,3483,2403,2542,9803,1873,365
Deferred income tax assets539,545533,480528,278481,897513,582547,733
Other noncurrent assets9,6509,3027,8756,2417,0017,123
Total noncurrent assets:3,501,9093,480,9733,475,8223,419,9963,418,3353,432,122
TOTAL ASSETS:4,603,1254,595,6354,501,7974,543,1684,586,6424,470,660
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities503,439434,204470,245570,780605,885456,198
Taxes payable98,70484,58867,310
Employee-related liabilities53,00853,241
Accounts payable261,909232,383230,821190,097225,302202,919
Accrued liabilities241,530201,821239,424228,971242,754185,969
Debt20,00032,97024,36220,00025,40325,173
Other undisclosed current liabilities142,501167,192146,667(19,620)(29,144)49,414
Total current liabilities:665,940634,366641,274571,160602,144530,785
Noncurrent Liabilities
Long-term debt and lease obligation2,007,4852,250,2882,298,0272,821,1622,961,0933,032,321
Long-term debt, excluding current maturities2,007,4852,250,2882,298,0272,595,7672,743,5072,851,256
Liabilities, other than long-term debt740,010742,481744,565520,044531,440558,384
Accounts payable and accrued liabilities231,577228,165224,837204,769216,042226,188
Deferred income tax liabilities301,902301,968302,030312,813312,821329,950
Other liabilities2,4432,5312,5792,4622,5772,246
Operating lease, liability204,088209,817215,119225,395217,586181,065
Total noncurrent liabilities:2,747,4952,992,7693,042,5923,341,2063,492,5333,590,705
Total liabilities:3,413,4353,627,1353,683,8663,912,3664,094,6774,121,490
Equity
Equity, attributable to parent, including:1,189,690968,500817,931630,802491,965349,170
Treasury stock, value(1,707,136)(1,705,896)(1,695,501)(1,695,463)(1,690,780)(1,690,312)
Additional paid in capital813,466805,078797,614791,750783,862774,562
Accumulated other comprehensive loss(97,904)(99,534)(103,491)(147,058)(113,341)(86,989)
Retained earnings2,181,1541,968,7421,819,1991,681,4641,512,1151,351,800
Other undisclosed equity, attributable to parent110110110109109109
Total equity:1,189,690968,500817,931630,802491,965349,170
TOTAL LIABILITIES AND EQUITY:4,603,1254,595,6354,501,7974,543,1684,586,6424,470,660

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,072,367884,166945,162985,094964,581660,148
Cost of revenue
(Cost of Goods and Services Sold)
(451,060)(407,796)(448,839)(443,792)(466,848)(335,224)
Gross profit:621,307476,370496,323541,302497,733324,924
Operating expenses(302,818)(241,442)(276,271)(277,239)(249,769)(206,247)
Operating income:318,489234,928220,052264,063247,964118,677
Nonoperating income (expense)1,816(525)5,318(346)(697)(365)
Investment income, nonoperating5481718013186102
Gain (loss), foreign currency transaction, before tax551(403)4,343(393)(1,202)480
Other nonoperating income (expense)717(293)17416419(947)
Interest and debt expense(43,063)(42,637)(49,801)(34,142)(32,963)(19,252)
Income from continuing operations before income taxes:277,242191,766175,569229,575214,30499,060
Income tax expense(64,830)(42,223)(37,834)(60,226)(53,989)(26,300)
Income from continuing operations:212,412149,543137,735169,349160,31572,760
Income before gain (loss) on sale of properties:169,349160,31572,760
Net income available to common stockholders, diluted:212,412149,543137,735169,349160,31572,760

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:212,412149,543137,735169,349160,31572,760
Other comprehensive income (loss)1,6303,95743,567(33,717)(26,352)(10,151)
Comprehensive income, net of tax, attributable to parent:214,042153,500181,302135,632133,96362,609

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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