HAS FY 2010 Earnings Report — Hasbro, Inc. Revenue & Financial Results | Market Cap Arena

Hasbro, Inc.HAS

FY 2010 Earnings

Reported February 23, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$4.0B	—	$4.1B	—	-1.6%
Op. Income	$588M	—	$589M	—	-0.1%
Gross Margin	51.6%	—	50.7%	—	0.9pp
Net Margin	9.9%	—	9.2%	—	0.7pp
EPS (Diluted)	$2.74	—	$2.48	—	10.5%
Free Cash Flow	$255M	—	$161M	—	58.1%

Revenue Flow

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$1.9B
GROSS PROFIT	$2.1B
R&D Expenses	$201M
Selling & Marketing	$421M
General & Administrative	$781M
SG&A Expenses	$1.2B
Other Expenses	$72M
Operating Expenses	$1.5B
Cost & Expenses	$3.4B
OPERATING INCOME	$588M
Interest Income	$6M
Interest Expense	$82M
Other Income/Expenses	-$80M
INCOME BEFORE TAX	$508M
Income Tax Expense	$110M
Net Income from Continuing Ops	$398M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$398M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$398M
D&A	$168M
EBIT	$590M
EBITDA	$758M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$1.9B
GROSS PROFIT	$2.1B
R&D Expenses	$201M
Selling & Marketing	$421M
General & Administrative	$781M
SG&A Expenses	$1.2B
Other Expenses	$72M
Operating Expenses	$1.5B
Cost & Expenses	$3.4B
OPERATING INCOME	$588M
Interest Income	$6M
Interest Expense	$82M
Other Income/Expenses	-$80M
INCOME BEFORE TAX	$508M
Income Tax Expense	$110M
Net Income from Continuing Ops	$398M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$398M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$398M
D&A	$168M
EBIT	$590M
EBITDA	$758M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$398M
Depreciation & Amortization	$168M
Stock-Based Compensation	$0
Deferred Income Tax	$25M
Other Non-Cash Items	$33M
Change in Working Capital	-$257M
OPERATING CASH FLOW	$368M
Capital Expenditure	-$113M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$104M
Net Debt Issuance	$492M
Common Stock Repurchased	-$640M
Common Dividends Paid	-$133M
Other Financing Activities	$17M
NET CASH FROM FINANCING	-$171M
FREE CASH FLOW	$255M
Net Change in Cash	$92M

Balance Sheet

Item	Amount
Cash & Equivalents	$728M
Short-Term Investments	$0
Net Receivables	$961M
Inventory	$364M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$234M
Goodwill	$475M
Intangible Assets	$501M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$663M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$4.1B
Account Payables	$133M
Short-Term Debt	$15M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$719M
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$361M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$2.5B
Common Stock	$105M
Additional Paid-In Capital	$626M
Retained Earnings	$3.0B
Treasury Stock	-$2.1B
Accum. Other Comp. Income	$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$1.4B
Net Debt	$684M