Crocs, inc. (CROX)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net income

105,878

119,497

88,698

63,514

58,693

50,437

36,962

28,099

15,682

10,238

-6,045

-9,207

-15,630

-16,494

-46,023

-68,514

-70,625

-83,196

-66,117

-26,326

-16,475

-4,926

-18,765

-21,496

-9,417

10,420

73,746

105,790

131,958

131,343

140,521

125,648

119,630

112,788

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

24,984

24,213

25,223

26,241

27,743

29,250

29,964

31,189

32,327

33,130

33,271

33,827

33,894

34,043

33,447

33,916

34,869

35,993

34,088

35,770

37,759

37,413

41,683

41,735

40,615

41,506

41,046

39,959

38,605

36,694

35,289

35,113

35,773

37,263

0

0

0

Asset impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Operating lease cost

60,206

60,142

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized foreign currency loss (gain), net

-

-

-

-

-

-

-

-

-

-1,025

147

5,887

2,558

9,027

8,578

5,518

4,676

814

2,180

388

7,143

11,100

16,200

18,704

15,110

6,420

-9,159

-10,428

-8,763

-13,928

-4,579

1,511

4,092

11,892

0

0

0

Share-based compensation

14,742

14,412

14,805

14,491

14,065

13,105

12,242

11,843

9,836

9,773

9,581

8,783

10,521

10,736

10,356

10,642

11,113

11,236

10,916

10,664

10,831

12,503

12,357

12,662

12,952

11,871

12,337

12,732

12,715

11,321

11,083

10,768

9,229

8,550

0

0

0

Provision (recovery) for doubtful accounts, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,997

28,216

14,440

12,591

12,087

9,639

4,457

2,001

1,930

1,967

1,943

1,863

2,166

1,490

1,917

643

-383

0

0

0

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-289

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Charitable contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other non-cash items

-5,825

963

4,770

812

-929

-1,994

-5,720

-3,480

721

1,564

4,921

4,601

1,541

44

-10,565

-8,730

-7,920

-7,137

-945

106

-510

-534

-158

-1,192

-823

-1,193

-432

-1,261

-1,143

-1,725

-3,932

-3,534

-2,992

-1,845

0

0

0

Changes in operating assets and liabilities:
Accounts receivable, net of allowances

7,525

15,015

17,848

23,778

18,495

24,623

27,706

20,139

19,313

-620

-9,102

3,549

-5,254

-2,408

-16,726

-17,468

6,931

15,604

-3,978

649

-9,464

15,288

52,741

36,882

32,408

17,166

6,690

33,837

17,667

9,475

25,577

26,305

46,155

23,278

0

0

0

Inventories

62,325

48,156

23,633

5,436

-3,767

1,987

-15,352

-21,556

-31,057

-23,319

-29,056

-13,480

-6,163

-20,371

-22,877

-9,424

4,014

8,586

9,420

16,344

19,722

31,251

39,788

35,120

19,703

5,274

-6,657

-1,747

13,622

35,493

36,637

18,391

19,972

13,328

0

0

0

Prepaid expenses and other assets

7,593

4,012

-931

-9,880

-11,466

-9,703

-11,181

-5,251

-14,401

-18,907

-16,024

-13,142

-11,900

4,532

5,483

5

7,600

-1,755

-16,304

-18,914

-21,725

-21,698

-9,493

-8,672

-2,643

4,225

14,344

22,835

24,579

25,490

21,699

21,612

15,725

17,598

0

0

0

Accounts payable, accrued expenses and other liabilities

-6,528

6,032

-363

-8,908

-19,770

12,953

14,466

10,167

12,585

-2,714

1,247

9,681

-4,848

-1,354

-20,114

4,370

-2,263

23,260

16,606

-2,738

-998

-12,106

2,024

15,890

4,447

-5,740

-4,132

13,029

8,752

99

12,382

-233

11,732

30,314

0

0

0

Accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,088

-21,969

-5,462

-31,889

-15,824

2,482

9,465

27,108

14,256

1,922

3,015

20,445

8,016

29,720

25,006

15,565

19,922

0

0

0

Operating lease liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued restructuring

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,859

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,163

32,376

46,964

38,640

33,809

18,719

-73

-1,227

-3,209

5,332

15,488

12,662

4,907

-3,839

-16,881

-2,858

1,097

0

0

0

Cash used in operating activities

68,759

89,958

101,481

93,469

97,048

114,162

103,719

99,745

101,553

98,264

90,815

59,316

46,802

39,754

32,112

32,567

-528

9,698

584

2,277

4,375

-11,651

-16,140

28,744

55,332

83,464

115,399

116,375

154,143

128,356

156,281

148,217

110,719

142,376

0

0

0

Cash flows from investing activities:
Purchases of property, equipment, and software

42,099

36,576

39,607

27,455

20,864

11,979

4,078

4,132

9,375

13,117

23,806

24,145

24,388

22,194

26,902

24,590

20,362

18,486

6,335

8,791

12,242

15,991

23,562

32,124

35,624

40,424

44,649

43,126

41,815

39,762

32,421

30,226

29,703

27,718

0

0

0

Proceeds from disposal of property and equipment

416

616

833

2,082

2,065

1,856

1,342

107

1,583

1,579

1,575

1,516

2,450

2,438

0

0

0

-

-

-

-

-

-

-

-

250

1,912

2,442

2,412

2,216

957

393

573

319

0

0

0

Cash paid for intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,229

-

19,150

27,587

35,933

41,035

35,196

35,515

32,906

28,404

29,485

28,406

24,981

21,074

16,742

10,690

12,206

13,922

0

0

0

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-803

1,515

2,171

139

-464

-117

347

1,202

1,648

673

484

1,180

1,483

2,795

3,129

2,154

2,712

1,106

664

343

0

0

0

Other

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash used in investing activities

-42,075

-36,236

-38,761

-25,360

-18,786

-10,110

-2,736

-4,025

-7,792

-11,538

-17,686

-19,323

-17,564

-19,856

-21,702

-20,744

-20,104

-18,627

-24,959

-36,068

-48,286

-57,992

-60,533

-68,564

-69,279

-69,758

-71,092

-77,054

-72,682

-65,943

-57,678

-41,411

-41,966

-41,664

0

0

0

Cash flows from financing activities:
Proceeds from bank borrowings

365,000

315,000

430,000

215,000

215,000

120,000

0

0

0

5,500

7,500

7,500

17,082

31,582

0

0

0

-

-

-

-

-

-

-

-

23,375

25,149

21,153

57,259

96,086

138,577

240,902

311,086

316,595

0

0

0

Repayments of bank borrowings

-

-

-

-

-

662

1,069

1,715

5,635

8,611

11,471

12,530

26,161

35,627

33,711

33,322

16,823

5,290

5,262

5,435

5,191

5,177

5,378

4,198

4,951

13,160

11,662

11,381

72,330

90,625

139,411

243,740

293,904

317,704

0

0

0

Proceeds from preferred stock offering, net of issuance costs of $0.0 million and $15.8 million, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

182,220

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends—Series A convertible preferred stock

0

2,985

15,000

18,000

21,000

21,015

12,000

12,000

12,000

12,000

12,000

12,000

12,000

12,000

12,000

12,000

11,833

11,900

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuances of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,297

1,092

998

1,342

1,563

2,050

2,195

2,280

2,365

3,614

3,653

3,706

4,462

5,377

8,937

10,914

0

0

0

Repurchases of common stock

132,871

147,190

159,560

145,660

96,548

63,131

61,401

65,946

70,061

50,000

0

0

0

-

-

-

-

85,926

131,693

141,580

152,824

145,858

90,093

47,005

12,903

12,533

0

0

0

-

-

-

-

-

-

-

-

Other

-4,518

-3,463

-3,576

-1,697

-1,240

-270

5

-227

-711

-259

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock for tax withholding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

261

261

379

787

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by financing activities

-2,389

-68,638

-176,842

-134,074

-87,774

-148,802

-74,465

-79,888

-88,407

-65,370

-41,909

-27,305

-21,559

-16,443

-25,509

-58,087

-72,800

-101,260

-147,981

-158,316

-168,772

23,431

86,224

138,082

175,971

-1,161

-22,236

-24,702

-49,871

-16,625

2,247

1,648

25,231

8,917

0

0

0

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

-4,043

-569

-1,941

1,818

-6,973

-4,775

-2,579

-2,413

6,618

3,053

-4,282

-3,176

-8,011

-255

-3,151

-4,353

1,814

-13,982

-9,549

-19,567

-18,425

-3,420

8,329

21,337

17,109

10,251

-2,160

-4,092

-5,520

-9,027

-8,658

-9,606

-2,880

2,375

0

0

0

Net change in cash, cash equivalents, and restricted cash

20,252

-15,485

-116,063

-64,147

-16,485

-49,525

23,939

13,419

11,972

24,409

26,938

9,512

-332

3,200

-18,250

-50,617

-91,618

-124,171

-181,905

-211,674

-231,108

-49,632

17,880

119,599

179,133

22,796

19,911

10,527

26,070

36,761

92,192

98,848

91,104

112,004

0

0

0

Supplemental Schedule of Non-Cash Investing and Financing Activities
Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

917

946

891

1,080

616

332

372

346

693

796

871

1,113

619

698

751

695

843

0

0

0

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,923

21,209

23,852

33,543

33,655

33,254

32,790

21,615

20,274

29,582

29,492

30,794

29,385

22,155

21,851

20,765

26,632

0

0

0

Supplemental disclosure of non-cash investing and financing activities:
Assets acquired under capitalized leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61

0

0

0

-

-

-

-

-

-

-

-

Accrued purchases of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

771

335

3,027

1,397

2,165

865

3,321

3,712

2,368

5,708

4,062

2,143

4,022

0

0

0

Accrued purchases of intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,988

10,583

11,606

9,062

4,742

-3,304

2,174

1,417

768

3,455

214

-63

223

0

0

0

Accrued dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of dividend equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,735

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-