Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Information (Tables)

v3.22.2
Segment and Geographic Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Reporting Information

Segment Information

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Wholesale sales

 

$

1,140,325

 

 

$

964,228

 

 

$

2,391,631

 

 

$

1,907,338

 

Gross profit

 

 

414,479

 

 

 

379,426

 

 

 

869,439

 

 

 

748,992

 

Gross margin

 

 

36.3

%

 

 

39.4

%

 

 

36.4

%

 

 

39.3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct-to-Consumer sales

 

$

727,479

 

 

$

697,643

 

 

$

1,295,767

 

 

$

1,188,988

 

Gross profit

 

 

483,100

 

 

 

474,166

 

 

 

852,303

 

 

 

790,259

 

Gross margin

 

 

66.4

%

 

 

68.0

%

 

 

65.8

%

 

 

66.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total sales

 

$

1,867,804

 

 

$

1,661,871

 

 

$

3,687,398

 

 

$

3,096,326

 

Gross profit

 

 

897,579

 

 

 

853,592

 

 

 

1,721,742

 

 

 

1,539,251

 

Gross margin

 

 

48.1

%

 

 

51.4

%

 

 

46.7

%

 

 

49.7

%

 

(in thousands)

 

As of

June 30, 2022

 

 

As of

December 31, 2021

 

Identifiable assets

 

 

 

 

 

 

 

 

Wholesale

 

$

3,813,653

 

 

$

3,816,513

 

Direct-to-Consumer

 

 

2,862,943

 

 

 

2,674,767

 

Total

 

$

6,676,596

 

 

$

6,491,280

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Additions to property, plant and equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wholesale

 

$

49,965

 

 

$

51,059

 

 

$

114,663

 

 

$

125,193

 

Direct-to-Consumer

 

 

24,148

 

 

 

10,923

 

 

 

48,848

 

 

 

21,026

 

Total

 

$

74,113

 

 

$

61,982

 

 

$

163,511

 

 

$

146,219

 

Geographic Information

Geographic Information

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Geographic sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic Wholesale

 

$

521,041

 

 

$

401,277

 

 

$

1,059,610

 

 

$

778,515

 

Domestic Direct-to-Consumer

 

 

319,508

 

 

 

326,981

 

 

 

558,956

 

 

 

554,433

 

Total domestic sales

 

 

840,549

 

 

 

728,258

 

 

 

1,618,566

 

 

 

1,332,948

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

International Wholesale

 

 

619,284

 

 

 

562,951

 

 

 

1,332,021

 

 

 

1,128,823

 

International Direct-to-Consumer

 

 

407,971

 

 

 

370,662

 

 

 

736,811

 

 

 

634,555

 

Total international sales

 

 

1,027,255

 

 

 

933,613

 

 

 

2,068,832

 

 

 

1,763,378

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total sales

 

$

1,867,804

 

 

$

1,661,871

 

 

$

3,687,398

 

 

$

3,096,326

 

 

Regional Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas (AMER)

 

$

1,033,879

 

 

$

855,240

 

 

$

1,980,765

 

 

$

1,580,858

 

Europe, Middle East & Africa (EMEA)

 

 

374,566

 

 

 

348,080

 

 

 

815,767

 

 

 

643,566

 

Asia Pacific (APAC)

 

 

459,359

 

 

 

458,551

 

 

 

890,866

 

 

 

871,902

 

Total

 

$

1,867,804

 

 

$

1,661,871

 

 

$

3,687,398

 

 

$

3,096,326

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

China sales

 

$

254,917

 

 

$

316,872

 

 

$

527,948

 

 

$

567,474

 

 

 

(in thousands)

 

As of

June 30, 2022

 

 

As of

December 31, 2021

 

Property, plant and equipment, net

 

 

 

 

 

 

 

 

Domestic

 

$

780,329

 

 

$

708,763

 

International

 

 

445,200

 

 

 

420,146

 

Total

 

$

1,225,529

 

 

$

1,128,909

 

 

 

 

 

 

 

 

 

 

China property plant and equipment, net

 

$

250,529

 

 

$

255,421

 

Summary of Accounts Receivables Excluding the Allowance for Bad Debts Allowances and Chargebacks

The Company’s accounts receivables, excluding allowances for bad debts, allowances and chargebacks, by geography are summarized as follows:

 

(in thousands)

 

As of

June 30, 2022

 

 

As of

December 31, 2021

 

Domestic Accounts Receivable

 

$

393,644

 

 

$

270,404

 

International Accounts Receivable

 

 

576,939

 

 

 

525,073

 

Company's Top Five Manufacturers Produced

 

The Company’s top five manufacturers produced the following:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(percentage of total production)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Manufacturer #1

 

 

16.1

 

 

 

17.0

 

 

 

16.9

 

 

 

17.9

 

Manufacturer #2

 

 

6.3

 

 

 

7.3

 

 

 

5.6

 

 

 

6.1

 

Manufacturer #3

 

 

6.1

 

 

 

5.0

 

 

 

5.6

 

 

 

4.9

 

Manufacturer #4

 

 

6.0

 

 

 

4.8

 

 

 

5.1

 

 

 

4.8

 

Manufacturer #5

 

 

5.0

 

 

 

4.6

 

 

 

4.7

 

 

 

4.3

 

 

 

 

39.5

 

 

 

38.7

 

 

 

37.9

 

 

 

38.0