Hasbro (HAS) FY2012 results: revenue $4.1 billion, down 4.6% on the year
Hasbro, Inc. (HAS) reported revenue of $4.1 billion for fiscal 2012, the year ended 30 December 2012, down 4.6% on the year before. Net income was $336 million, down 12.8%, and diluted earnings per share $2.55. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2013.
Revenue
$4.1 billion
-4.6% on the year
FY2008FY2012
Operating margin
13.5%
13.9% a year earlier
FY2008FY2012
Net income
$336 million
-12.8% on the year
FY2008FY2012
Diluted EPS
$2.55
-9.6% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
4,089
4,286
4,002
-4.6%
Cost of revenue
1,672
1,836
1,690
-8.9%
Gross profit
2,417
2,449
2,312
-1.3%
Gross margin
59.1%
57.2%
57.8%
Research and development
201
198
201
+1.8%
Selling, general and administrative
847
822
781
+3.1%
Operating income
552
594
588
-7.1%
Operating margin
13.5%
13.9%
14.7%
Interest expense
-91.1
-89.0
-82.1
Pre-tax income
453
486
508
-6.8%
Income tax
117
101
110
+16.2%
Effective tax rate
25.9%
20.8%
21.7%
Net income
336
385
398
-12.8%
Net margin
8.2%
9.0%
9.9%
Diluted EPS
$2.55
$2.82
$2.74
-9.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
535
396
368
+35.0%
Capital expenditure
112
99.4
113
+12.8%
Free cash flow
423
297
255
+42.5%
Free cash flow margin
10.3%
6.9%
6.4%
Cash from investing
-106
-108
-104
Cash from financing
-219
-376
-171
Depreciation and amortisation
150
160
146
-6.3%
Share-based compensation
19.4
12.5
33.4
+55.9%
Buybacks
98.0
423
640
-76.8%
Dividends paid
225
154
133
+46.4%
Dividend per share
$1.44
$1.20
$1.00
+20.0%
Diluted shares, weighted
132m
137m
146m
-3.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,507
1,418
1,615
+6.3%
Debt
1,621
1,581
1,412
+2.5%
Other liabilities
1,197
1,132
1,066
+5.8%
Total liabilities and equity
4,325
4,131
4,093
+4.7%
Fixed assets
230
218
234
+5.7%
Goodwill
475
475
475
+0.0%
Intangible assets
417
467
501
-10.8%
Cash and equivalents
850
642
728
+32.4%
Receivables
1,030
1,035
961
-0.4%
Inventory
316
334
364
-5.4%
Other assets
1,008
960
831
+4.9%
Total assets
4,325
4,131
4,093
+4.7%
10-K for the year ended 30 December 2012, filed 27 February 2013: the filing.