Crocs, Inc. CROX

Business rating

Price rating

$86.45Price on 6 Sept

$125.33 +45.0%Fair value estimate

Cash flow statement

currency values in millions of USD

Strong, growing FCF and solid debt service, but the Q2’25 impairment and a recent uptick in DSO/inventory days introduce mixed signals to monitor.

Fiscal Year	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period Ending	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Net Income	950.1	792.6	540.2	725.7	312.9	119.5	50.4	10.2	-16.5	-83.2
Depreciation & Amortization	69.8	54.3	39.2	32	27.6	24.2	29.3	33.1	34	36
Stock-Based Compensation	33.1	29.1	31.3	38.1	16.4	14.4	13.1	9.8	10.7	11.2
Change in Working Capital	68.4	366.5	-91.7	-44.5	132.4	-111.3	12	44.9	14	-2.3
Accounts Receivables	42.6	-13.3	-56.8	-35.1	-47	-15	-24.6	0.6	2.4	-15.6
Inventory	22.1	86.4	-91.6	-43.1	-13.5	-48.2	-2	23.3	20.4	-8.6
Accounts Payables	4	37.2	41.7	34.9	23.2	6	13	-2.7	-1.4	23.3
Other Working Capital	-0.2	256.3	15	-1.3	169.7	-54.2	25.6	23.7	-7.4	-1.3
Other Non-Cash Items	125.5	98.3	88.9	57.2	102.7	59.4	8.5	3.3	-2.2	47.6
Operating Cash Flow	992.5	930.4	603.1	567.2	266.9	90	114.2	98.3	39.8	9.7
Investments in PP&E	-69.3	-115.6	-104.2	-55.9	-42	-36.6	-12	-13.1	-22.2	-18.5
Capital Expenditure	-69.3	-115.6	-104.2	-55.9	-42	-36.6	-12	-13.1	-22.2	-18.5
Acquisitions	0	0	-2,046.9	0	0.5	0.6	0	0	0	-0
Purchases of Investments	0	0	0	0	0	0	0	0	0	0
Sales/Maturities of Investments	0	0	0	0	0	0	0	0	0	0
Other Investing Activities	0	-0	-0	-0	-0.2	-0.3	1.9	1.6	2.3	-0.1
Investing Cash Flow	-69.3	-115.7	-2,151.1	-55.9	-41.8	-36.2	-10.1	-11.5	-19.9	-18.6
Net Debt Issuance	-323.2	-665.8	1,594.6	605	-25	85	119.3	-3.1	-4	-5.3
Long-Term Net Debt Issuance	-323.2	-665.8	1,594.6	605	-25	85	119.3	-3.1	-4	-5.3
Short-Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
Net Stock Issuance	-560.7	-192.1	-11.5	-1,020.1	-173.9	-148.7	-246.9	-50	0.4	-85.9
Net Common Stock Issuance	-560.7	-192.1	-11.5	-1,020.1	-173.9	-148.7	-63.1	-50	0	-85.9
Common Stock Issuance	0	0	0	0	0	0	0	0	0.4	1.9
Common Stock Repurchased	-560.7	-192.1	-11.5	-1,020.1	-170.8	-147.2	-246.9	-50	-0.3	-85.9
Net Preferred Stock Issuance	0	0	0	0	0	0	-183.7	0	0	0
Net Dividends Paid	0	0	0	0	0	-3	-21	-12	-12	-11.9
Common Dividends Paid	0	0	0	0	0	0	0	0	0	0
Preferred Dividends Paid	0	0	0	0	0	-3	-21	-12	-12	-11.9
Other Financing Activities	-8.1	-1.7	-53.5	-14.5	0.9	-1.9	-0.3	-0.3	-0.8	1.9
Financing Cash Flow	-886	-859.6	1,529.7	-429.6	-198	-68.6	-148.8	-65.4	-16.4	-101.3
Effect of Forex Changes on Cash	-6.5	3.1	-3.8	-4	0.1	-0.6	-4.8	2.6	-0.4	-14
Cash at Beginning of Period	153.1	194.9	216.9	139.3	112	127.5	177.1	147.6	143.3	267.5
Cash at End of Period	183.7	153.1	194.9	216.9	139.3	112	127.5	172.1	147.6	143.3
Net Cash Flow	30.6	-41.8	-22	77.7	27.2	-15.5	-49.5	24.6	4.2	-124.2
Free Cash Flow	923.1	814.8	499	511.2	224.9	53.4	102.2	85.1	17.6	-8.8
Cash Interest Paid	0	151.6	127.8	10.2	6.7	7.5	0.5	0.4	0.7	0.9
Cash Income Taxes Paid	125	179.7	130.1	159.7	20.8	16.1	18.6	13.2	12.3	19.9
All data is from our financial data partners, who compile data from SEC filings. Data errors are possible. If you spot one, please let us know.