Crocs, Inc. Files Q2 2024 10-Q Report
Ticker: CROX · Form: 10-Q · Filed: Aug 1, 2024 · CIK: 1334036
| Field | Detail |
|---|---|
| Company | Crocs, INC. (CROX) |
| Form Type | 10-Q |
| Filed Date | Aug 1, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
Related Tickers: CROX
TL;DR
**CROX Q2 2024 10-Q FILED: Official financials out now.**
AI Summary
Crocs, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported its financial performance for the second quarter of 2024, detailing revenues, expenses, and net income. Specific financial figures and operational details are provided within the filing.
Why It Matters
This filing provides investors and analysts with the official financial results for Crocs' second quarter of 2024, offering insights into the company's performance and financial health.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently introduce new risks.
Key Players & Entities
- Crocs, Inc. (company) — Filer of the 10-Q report
- 20240630 (date) — End of the reporting period
- 20240801 (date) — Date of filing
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on August 1, 2024.
What is the company's Central Index Key (CIK)?
Crocs, Inc.'s Central Index Key (CIK) is 0001334036.
What is the company's fiscal year end?
Crocs, Inc.'s fiscal year ends on December 31.
What is the SIC code for Crocs, Inc.?
The Standard Industrial Classification (SIC) code for Crocs, Inc. is 3021, which corresponds to RUBBER & PLASTICS FOOTWEAR.
Filing Stats: 4,483 words · 18 min read · ~15 pages · Grade level 16.4 · Accepted 2024-08-01 11:02:08
Key Financial Figures
- $0.001 — ch registered: Common Stock, par value $0.001 per share CROX The Nasdaq Global Select
Filing Documents
- crox-20240630.htm (10-Q) — 1250KB
- crox-ex101blackshawofferle.htm (EX-10.1) — 57KB
- crox-ex102blackshawsettlem.htm (EX-10.2) — 63KB
- crox-ex311_q2x2024.htm (EX-31.1) — 14KB
- crox-ex312_q2x2024.htm (EX-31.2) — 15KB
- crox-ex32_q2x2024.htm (EX-32) — 9KB
- image_0.jpg (GRAPHIC) — 12KB
- 0001334036-24-000140.txt ( ) — 6614KB
- crox-20240630.xsd (EX-101.SCH) — 37KB
- crox-20240630_cal.xml (EX-101.CAL) — 71KB
- crox-20240630_def.xml (EX-101.DEF) — 152KB
- crox-20240630_lab.xml (EX-101.LAB) — 520KB
- crox-20240630_pre.xml (EX-101.PRE) — 367KB
- crox-20240630_htm.xml (XML) — 971KB
— Financial Information
PART I — Financial Information Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited) Condensed Consolidated Statements of Income 1 Condensed Consolidated Statements of Comprehensive Income 2 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Stockholders' Equity 4 Condensed Consolidated Statements of Cash Flows 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 31 Item 4.
Controls and Procedures
Controls and Procedures 32
— Other Information
PART II — Other Information 33 Item 1.
Legal Proceedings
Legal Proceedings 33 Item 1A.
Risk Factors
Risk Factors 33 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 33 Item 5. Other Information 33 Item 6. Exhibits 34
Signatures
Signatures 35 ii Table of Contents
— Financial Information
PART I — Financial Information
Financial Statements
ITEM 1. Financial Statements CROCS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (in thousands, except per share data) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenues $ 1,111,502 $ 1,072,367 $ 2,050,135 $ 1,956,533 Cost of sales 429,586 451,060 846,142 858,856 Gross profit 681,916 621,307 1,203,993 1,097,677 Selling, general and administrative expenses 356,178 302,818 651,826 544,260 Income from operations 325,738 318,489 552,167 553,417 Foreign currency gains (losses), net ( 1,323 ) 551 ( 3,596 ) 148 Interest income 1,126 548 1,542 719 Interest expense ( 29,161 ) ( 43,063 ) ( 59,724 ) ( 85,700 ) Other income, net 45 717 65 424 Income before income taxes 296,425 277,242 490,454 469,008 Income tax expense 67,518 64,830 109,093 107,053 Net income $ 228,907 $ 212,412 $ 381,361 $ 361,955 Net income per common share: Basic $ 3.79 $ 3.42 $ 6.31 $ 5.84 Diluted $ 3.77 $ 3.39 $ 6.26 $ 5.78 Weighted average common shares outstanding: Basic 60,320 62,037 60,442 61,937 Diluted 60,766 62,603 60,910 62,616 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 1 Table of Contents CROCS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (in thousands) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net income $ 228,907 $ 212,412 $ 381,361 $ 361,955 Other comprehensive income (loss), net of tax: Derivatives designated as hedging instruments: Unrealized gains (losses) on derivative instruments 269 223 694 ( 156 ) Reclassification adjustment for realized (gains) losses on derivative instruments ( 256 ) 217 ( 426 ) 600 Net increase from derivatives designated as hedging instruments 13 440 268 444 Foreign currency translation gains (losses), net ( 6,419 ) 1,190 ( 17,831 ) 5,143 Total comprehensive income, net of tax $ 222,501