HAS Q3 2020 Earnings Report — Hasbro, Inc. Revenue & Financial Results | Market Cap Arena

Hasbro, Inc.HAS

Q3 2020 Earnings

Reported November 4, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2020	Q2 2020	Q3 2019	QoQ Change	YoY Change
Revenue	$1.8B	$860M	$1.6B	106.5%	12.8%
Op. Income	$337M	$2M	$297M	15200.0%	13.3%
Gross Margin	55.7%	59.2%	52.1%	-3.5pp	3.6pp
Net Margin	12.4%	-3.9%	13.5%	16.4pp	-1.1pp
EPS (Diluted)	$1.61	$-0.25	$1.67	744.0%	-3.6%
Free Cash Flow	$208M	-$66M	$21M	412.8%	905.1%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$787M
GROSS PROFIT	$990M
R&D Expenses	$63M
Selling & Marketing	$137M
General & Administrative	$325M
SG&A Expenses	$463M
Other Expenses	$128M
Operating Expenses	$653M
Cost & Expenses	$1.4B
OPERATING INCOME	$337M
Interest Income	$700.0K
Interest Expense	$49M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$299M
Income Tax Expense	$79M
Net Income from Continuing Ops	$220M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$221M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$221M
D&A	$159M
EBIT	$349M
EBITDA	$508M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$787M
GROSS PROFIT	$990M
R&D Expenses	$63M
Selling & Marketing	$137M
General & Administrative	$325M
SG&A Expenses	$463M
Other Expenses	$128M
Operating Expenses	$653M
Cost & Expenses	$1.4B
OPERATING INCOME	$337M
Interest Income	$700.0K
Interest Expense	$49M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$299M
Income Tax Expense	$79M
Net Income from Continuing Ops	$220M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$221M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$221M
D&A	$159M
EBIT	$349M
EBITDA	$508M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$221M
Depreciation & Amortization	$159M
Stock-Based Compensation	$0
Deferred Income Tax	$24M
Other Non-Cash Items	$11M
Change in Working Capital	-$179M
OPERATING CASH FLOW	$236M
Capital Expenditure	-$28M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$11M
NET CASH FROM INVESTING	-$17M
Net Debt Issuance	-$32M
Common Stock Repurchased	$0
Common Dividends Paid	-$93M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$128M
FREE CASH FLOW	$208M
Net Change in Cash	$94M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$540M
Other Current Assets	$71M
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$477M
Goodwill	$3.6B
Intangible Assets	$1.5B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$6.9B
TOTAL ASSETS	$10.7B
Account Payables	$466M
Short-Term Debt	$379M
Deferred Revenue	$148M
Other Current Liabilities	$42M
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$4.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$779M
TOTAL NON-CURRENT LIABILITIES	$5.6B
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	-$280M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$58M
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$10.7B
Total Debt	$5.2B
Net Debt	$4.1B