Risk Factors Update Summary
- The company experienced decreases in segment revenues, with a decrease of approximately $18 million in North America Crocs Brand segment revenues.
- The company opened 7 more retail stores, totaling 363 retail stores at December 31, 2023.
- The EU member states agreed to incorporate the 15% global minimum tax into their domestic laws effective for fiscal years beginning on or after December 31, 2023.
- The company had approximately $1.322 billion in total indebtedness outstanding at December 31, 2023.
- The Inflation Reduction Act of 2022 included a 15% minimum "adjusted financial statement income" provision effective from January 1, 2023.
- The company had no borrowings outstanding under the Revolving Facility, with total borrowing capacity of approximately $558.7 million.
- Changes in tax laws and regulations could adversely impact the company's financial position and results of operations beyond 2024.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1334036&owner=exclude
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