HAS FY 2013 Earnings Report — Hasbro, Inc. Revenue & Financial Results | Market Cap Arena

Hasbro, Inc.HAS

FY 2013 Earnings

Reported February 26, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$4.1B	—	$4.1B	—	-0.2%
Op. Income	$467M	—	$552M	—	-15.3%
Gross Margin	50.7%	—	51.7%	—	-1.0pp
Net Margin	7.0%	—	8.2%	—	-1.2pp
EPS (Diluted)	$2.17	—	$2.55	—	-14.9%
Free Cash Flow	$289M	—	$423M	—	-31.6%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.0B
GROSS PROFIT	$2.1B
R&D Expenses	$208M
Selling & Marketing	$398M
General & Administrative	$872M
SG&A Expenses	$1.3B
Other Expenses	$126M
Operating Expenses	$1.6B
Cost & Expenses	$3.6B
OPERATING INCOME	$467M
Interest Income	$5M
Interest Expense	$106M
Other Income/Expenses	-$115M
INCOME BEFORE TAX	$352M
Income Tax Expense	$68M
Net Income from Continuing Ops	$284M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$286M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$286M
D&A	$229M
EBIT	$457M
EBITDA	$686M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.0B
GROSS PROFIT	$2.1B
R&D Expenses	$208M
Selling & Marketing	$398M
General & Administrative	$872M
SG&A Expenses	$1.3B
Other Expenses	$126M
Operating Expenses	$1.6B
Cost & Expenses	$3.6B
OPERATING INCOME	$467M
Interest Income	$5M
Interest Expense	$106M
Other Income/Expenses	-$115M
INCOME BEFORE TAX	$352M
Income Tax Expense	$68M
Net Income from Continuing Ops	$284M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$286M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$286M
D&A	$229M
EBIT	$457M
EBITDA	$686M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$286M
Depreciation & Amortization	$229M
Stock-Based Compensation	$0
Deferred Income Tax	-$19M
Other Non-Cash Items	$19M
Change in Working Capital	-$114M
OPERATING CASH FLOW	$401M
Capital Expenditure	-$112M
Acquisitions (Net)	-$111M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$218M
Net Debt Issuance	-$215M
Common Stock Repurchased	-$103M
Common Dividends Paid	-$156M
Other Financing Activities	$16M
NET CASH FROM FINANCING	-$341M
FREE CASH FLOW	$289M
Net Change in Cash	-$167M

Balance Sheet

Item	Amount
Cash & Equivalents	$682M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$349M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$236M
Goodwill	$594M
Intangible Assets	$376M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$715M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$4.4B
Account Payables	$199M
Short-Term Debt	$437M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$960M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$351M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$2.7B
Common Stock	$105M
Additional Paid-In Capital	$734M
Retained Earnings	$3.4B
Treasury Stock	-$2.6B
Accum. Other Comp. Income	-$34M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$45M
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$4.4B
Total Debt	$1.4B
Net Debt	$714M