Annual report pursuant to Section 13 and 15(d)

Segment and Geographic Information (Tables)

v3.22.4
Segment and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Reporting Information

Segment Information

 

 

Year Ended December 31,

 

(in thousands)

 

2022

 

 

2021

 

 

2020

 

Wholesale sales

 

$

4,632,429

 

 

$

3,758,640

 

 

$

2,835,010

 

Gross profit

 

 

1,669,276

 

 

 

1,437,517

 

 

 

1,112,558

 

Gross margin

 

 

36.0

%

 

 

38.2

%

 

 

39.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct-to-Consumer sales

 

$

2,812,121

 

 

$

2,551,547

 

 

$

1,778,420

 

Gross profit

 

 

1,846,081

 

 

 

1,686,854

 

 

 

1,093,240

 

Gross margin

 

 

65.6

%

 

 

66.1

%

 

 

61.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Total sales

 

$

7,444,550

 

 

$

6,310,187

 

 

$

4,613,430

 

Gross profit

 

 

3,515,357

 

 

 

3,124,371

 

 

 

2,205,798

 

Gross margin

 

 

47.2

%

 

 

49.5

%

 

 

47.8

%

 

 

 

As of December 31,

 

(in thousands)

 

 

2022

 

 

 

2021

 

Identifiable assets

 

 

 

 

 

 

 

 

Wholesale

 

$

3,682,860

 

 

$

3,816,513

 

Direct-to-Consumer

 

 

3,210,627

 

 

 

2,674,767

 

Total

 

$

6,893,487

 

 

$

6,491,280

 

 

 

 

 

Year Ended December 31,

 

(in thousands)

 

2022

 

 

2021

 

 

2020

 

Additions to property, plant and equipment

 

 

 

 

 

 

 

 

 

 

 

 

Wholesale

 

$

255,311

 

 

$

245,008

 

 

$

228,448

 

Direct-to-Consumer

 

 

103,681

 

 

 

64,666

 

 

 

81,468

 

Total

 

$

358,992

 

 

$

309,674

 

 

$

309,916

 

Geographic Information

Geographic Information

 

 

Year Ended December 31,

 

(in thousands)

 

2022

 

 

2021

 

 

2020

 

Geographic sales

 

 

 

 

 

 

 

 

 

 

 

 

Domestic Wholesale

 

$

1,831,642

 

 

$

1,448,339

 

 

$

1,132,425

 

Domestic Direct-to-Consumer

 

 

1,243,511

 

 

 

1,115,018

 

 

 

786,844

 

Total domestic sales

 

 

3,075,153

 

 

 

2,563,357

 

 

 

1,919,269

 

 

 

 

 

 

 

 

 

 

 

 

 

 

International Wholesale

 

 

2,800,787

 

 

 

2,310,302

 

 

 

1,702,585

 

International Direct-to-Consumer

 

 

1,568,610

 

 

 

1,436,528

 

 

 

991,576

 

Total international sales

 

 

4,369,397

 

 

 

3,746,830

 

 

 

2,694,161

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total sales

 

$

7,444,550

 

 

$

6,310,187

 

 

$

4,613,430

 

 

Regional Sales

 

 

 

 

 

 

 

 

 

 

 

 

Americas (AMER)

 

$

3,854,392

 

 

$

3,152,304

 

 

$

2,292,540

 

Europe, Middle East & Africa (EMEA)

 

 

1,699,215

 

 

 

1,282,902

 

 

 

899,590

 

Asia Pacific (APAC)

 

 

1,890,943

 

 

 

1,874,981

 

 

 

1,421,300

 

Total sales

 

$

7,444,550

 

 

$

6,310,187

 

 

$

4,613,430

 

 

 

 

 

 

 

 

 

 

 

 

 

 

China sales

 

$

1,062,724

 

 

$

1,247,949

 

 

$

924,482

 

 

 

 

As of December 31,

 

(in thousands)

 

 

2022

 

 

 

2021

 

Property, plant and equipment, net

 

 

 

 

 

 

 

 

Domestic

 

$

870,924

 

 

$

708,763

 

International

 

 

474,446

 

 

 

420,146

 

Total

 

$

1,345,370

 

 

$

1,128,909

 

 

 

 

 

 

 

 

 

 

China property plant and equipment, net

 

$

264,422

 

 

$

255,421

 

Summary of Accounts Receivables Excluding Allowances for Bad Debts and Chargebacks

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

 

 

 

As of December 31,

 

(in thousands)

 

 

2022

 

 

 

2021

 

Domestic Accounts Receivable

 

$

310,138

 

 

$

270,404

 

International Accounts Receivable

 

 

597,621

 

 

 

525,073

 

Company's Top Five Manufacturers Produced

The Company’s top five manufacturers produced the following:

 

 

 

Year Ended December 31,

 

(percentage of total production)

 

2022

 

 

 

2021

 

 

 

2020

 

Manufacturer #1

 

 

16.5

 

 

 

18.0

 

 

 

21.0

 

Manufacturer #2

 

 

7.0

 

 

 

5.3

 

 

 

6.2

 

Manufacturer #3

 

 

5.2

 

 

 

4.8

 

 

 

5.8

 

Manufacturer #4

 

 

5.2

 

 

 

4.6

 

 

 

4.9

 

Manufacturer #5

 

 

5.1

 

 

 

4.4

 

 

 

4.2

 

Total

 

 

39.0

 

 

 

37.1

 

 

 

42.1