HAS FY 2020 Earnings Report — Hasbro, Inc. Revenue & Financial Results | Market Cap Arena

Hasbro, Inc.HAS

FY 2020 Earnings

Reported February 24, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$5.5B	—	$4.7B	—	15.8%
Op. Income	$502M	—	$652M	—	-23.0%
Gross Margin	58.1%	—	52.9%	—	5.2pp
Net Margin	4.1%	—	11.0%	—	-7.0pp
EPS (Diluted)	$1.62	—	$4.05	—	-60.0%
Free Cash Flow	$851M	—	$519M	—	63.8%

Revenue Flow

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$2.3B
GROSS PROFIT	$3.2B
R&D Expenses	$260M
Selling & Marketing	$413M
General & Administrative	$1.3B
SG&A Expenses	$1.7B
Other Expenses	$750M
Operating Expenses	$2.7B
Cost & Expenses	$5.0B
OPERATING INCOME	$502M
Interest Income	$7M
Interest Expense	$201M
Other Income/Expenses	-$180M
INCOME BEFORE TAX	$322M
Income Tax Expense	$97M
Net Income from Continuing Ops	$225M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$223M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$223M
D&A	$652M
EBIT	$523M
EBITDA	$1.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$2.3B
GROSS PROFIT	$3.2B
R&D Expenses	$260M
Selling & Marketing	$413M
General & Administrative	$1.3B
SG&A Expenses	$1.7B
Other Expenses	$750M
Operating Expenses	$2.7B
Cost & Expenses	$5.0B
OPERATING INCOME	$502M
Interest Income	$7M
Interest Expense	$201M
Other Income/Expenses	-$180M
INCOME BEFORE TAX	$322M
Income Tax Expense	$97M
Net Income from Continuing Ops	$225M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$223M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$223M
D&A	$652M
EBIT	$523M
EBITDA	$1.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$223M
Depreciation & Amortization	$652M
Stock-Based Compensation	$0
Deferred Income Tax	$30M
Other Non-Cash Items	$132M
Change in Working Capital	-$60M
OPERATING CASH FLOW	$976M
Capital Expenditure	-$126M
Acquisitions (Net)	-$4.4B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$38M
NET CASH FROM INVESTING	-$4.5B
Net Debt Issuance	$829M
Common Stock Repurchased	$0
Common Dividends Paid	-$373M
Other Financing Activities	-$67M
NET CASH FROM FINANCING	$406M
FREE CASH FLOW	$851M
Net Change in Cash	-$3.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$396M
Other Current Assets	$73M
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$489M
Goodwill	$3.7B
Intangible Assets	$1.5B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$7.0B
TOTAL ASSETS	$10.8B
Account Payables	$426M
Short-Term Debt	$439M
Deferred Revenue	$161M
Other Current Liabilities	$50M
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$4.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$794M
TOTAL NON-CURRENT LIABILITIES	$5.5B
TOTAL LIABILITIES	$7.9B
Common Stock	$110M
Additional Paid-In Capital	$2.3B
Retained Earnings	$4.2B
Treasury Stock	-$3.6B
Accum. Other Comp. Income	-$195M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$64M
TOTAL EQUITY	$3.0B
TOTAL LIABILITIES & EQUITY	$10.8B
Total Debt	$5.1B
Net Debt	$3.7B