← Crocs, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($16.5m) | $10.2m | $50.4m | $119.5m | $312.9m | $725.7m | $540.2m | $792.6m | $950.1m | ($81.2m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($31.7m) | ($5.3m) | ($69.2m) | $119.5m | $312.9m | $725.7m | $540.2m | $792.6m | $950.1m | ($81.2m) | |
| Depreciation, Depletion and Amortization | $34.0m | $33.1m | $29.2m | $24.2m | $27.6m | $32.0m | $39.2m | $54.3m | $69.8m | $79.3m | |
| Amortization of Intangible Assets | $19.0m | $18.1m | $16.6m | $15.3m | $15.8m | $17.0m | $19.6m | $22.6m | $22.9m | $23.6m | |
| Depreciation | $15.1m | $15.0m | $12.6m | $8.9m | $11.8m | $14.9m | $19.6m | $31.7m | $46.9m | $55.7m | |
| Deferred Income Tax Expense (Benefit) | ($388k) | ($3.1m) | $959k | ($16.3m) | ($325.1m) | ($241.3m) | ($4.8m) | ($410.3m) | ($254.5m) | $47.1m | |
| Share-based Payment Arrangement, Noncash Expense | $10.7m | $9.8m | $13.1m | $14.4m | $16.4m | $38.1m | $31.3m | $29.1m | $33.1m | $36.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $324k | — | — | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $10.7m | $9.8m | $13.1m | $14.4m | $16.4m | $38.1m | — | — | — | — | |
| Goodwill, Impairment Loss | $431k | — | $0 | — | — | — | — | — | — | $307.0m | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | $430.0m | |
| Gain (Loss) on Disposition of Assets | — | — | ($5.0m) | $213k | ($340k) | — | ($9.1m) | ($419k) | ($958k) | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($500k) | $800k | ($4.8m) | $200k | ($300k) | $300k | ($1.0m) | ($400k) | ($1.0m) | ($1.1m) | |
| Income Tax Expense (Benefit) | $9.3m | $7.9m | $14.7m | ($175k) | ($105.9m) | ($61.8m) | $178.3m | $83.7m | ($39.5m) | $154.2m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $109.3m | $88.3m | |
| Other Nonoperating Income (Expense) | $1.5m | $280k | $569k | $31k | $510k | $1.8m | ($338k) | ($326k) | $1.2m | $63k | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($2.4m) | ($620k) | $24.6m | $15.0m | $47.0m | $35.1m | $56.8m | $13.3m | ($42.6m) | $6.2m | |
| Increase (Decrease) in Inventories | ($20.4m) | ($23.3m) | $2.0m | $48.2m | $13.5m | $43.1m | $91.6m | ($86.3m) | ($22.1m) | $13.8m | |
| Increase (Decrease) in Accounts Payable | ($1.4m) | ($2.7m) | $13.0m | $6.0m | $23.2m | $34.9m | $41.7m | $37.2m | $4.0m | $709k | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($2.5m) | $563k | $1.3m | ($1.3m) | ($1.1m) | ($140k) | $3.2m | ($1.2m) | ($6.8m) | $9.8m | |
| Foreign Currency Transaction Gain (Loss), Unrealized | $9.0m | ($1.0m) | $1.5m | $1.1m | ($126k) | — | — | — | — | — | |
| Goodwill | $1.5m | $1.7m | $1.6m | $1.6m | $1.7m | $1.6m | $714.8m | $711.6m | $711.5m | $404.7m | |
| Inventory Write-down | $0 | — | — | — | $9.0m | $1.3m | $2.8m | $2.1m | $812k | $871k | |
| Restructuring Costs | $0 | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($13.3m) | ($1.7m) | $766k | ($967k) | ($2.1m) | ($240k) | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $39.8m | $98.3m | $114.2m | $90.0m | $266.9m | $567.2m | $603.1m | $930.4m | $992.5m | $710.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $13.2m | $13.1m | $12.0m | $36.6m | $42.0m | $55.9m | $104.2m | $115.6m | $69.3m | $51.2m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | $2.0b | $0 | $0 | — | |
| Payments for (Proceeds from) Other Investing Activities | — | $0 | ($13k) | $276k | $192k | $15k | $20k | $46k | $0 | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($18.7m) | ($11.0m) | ($10.1m) | ($36.2m) | ($41.8m) | ($55.9m) | ($2.2b) | ($115.7m) | ($69.3m) | ($51.2m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Common Stock | $420k | — | — | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $0 | $50.0m | $63.1m | $147.2m | $170.8m | $1.0b | $0 | $175.0m | $552.5m | $582.3m | |
| Dividends Payable | $3.0m | — | — | — | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | ($100k) | ($259k) | ($270k) | ($3.5m) | ($2.2m) | $236k | $119k | $0 | $168k | $0 | |
| Net Cash Provided by (Used in) Financing Activities | ($16.4m) | ($65.4m) | ($148.8m) | ($68.6m) | ($198.0m) | ($429.6m) | $1.5b | ($859.6m) | ($886.0m) | ($714.6m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($255k) | $3.1m | ($4.8m) | ($569k) | $126k | ($4.0m) | ($3.8m) | $3.1m | ($6.5m) | $5.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($255k) | $3.1m | ($49.5m) | ($15.5m) | $27.2m | $77.7m | ($22.0m) | ($41.8m) | $30.6m | ($49.8m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($255k) | $3.1m | $127.5m | $112.0m | $139.3m | $216.9m | $194.9m | $153.1m | $183.7m | $133.9m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $653k | $434k | $462k | $7.5m | $6.7m | $10.2m | $127.8m | $151.6m | $99.5m | $77.7m | |
| Income Taxes Paid, Net | $0 | $13.2m | $18.6m | $16.1m | $20.8m | $159.7m | $130.1m | $179.7m | $125.0m | $185.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.