Hasbro (HAS) FY2015 results: revenue $4.4 billion, up 4.0% on the year
Hasbro, Inc. (HAS) reported revenue of $4.4 billion for fiscal 2015, the year ended 27 December 2015, up 4.0% on the year before. Net income was $452 million, up 8.6%, and diluted earnings per share $3.57. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$4.4 billion
+4.0% on the year
FY2008FY2015
Operating margin
15.6%
14.9% a year earlier
FY2008FY2015
Net income
$452 million
+8.6% on the year
FY2008FY2015
Diluted EPS
$3.57
+11.6% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
4,448
4,277
4,082
+4.0%
Cost of revenue
1,677
1,698
1,673
-1.3%
Gross profit
2,770
2,579
2,409
+7.4%
Gross margin
62.3%
60.3%
59.0%
Research and development
243
223
208
+9.2%
Selling, general and administrative
961
896
872
+7.3%
Operating income
692
635
467
+8.9%
Operating margin
15.6%
14.9%
11.4%
Interest expense
97.1
93.1
-106
+4.3%
Pre-tax income
604
540
352
+11.8%
Income tax
157
127
67.9
+24.0%
Effective tax rate
26.0%
23.5%
19.3%
Net income
452
416
286
+8.6%
Net margin
10.2%
9.7%
7.0%
Diluted EPS
$3.57
$3.20
$2.17
+11.6%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
571
454
401
+25.7%
Capital expenditure
142
113
112
+25.3%
Free cash flow
429
341
289
+25.9%
Free cash flow margin
9.7%
8.0%
7.1%
Cash from investing
-104
-0.5
-218
Cash from financing
-365
-231
-341
Depreciation and amortisation
155
158
181
-1.7%
Share-based compensation
53.9
36.2
21.3
+49.0%
Buybacks
87.2
460
103
-81.0%
Dividends paid
226
217
156
+4.1%
Dividend per share
$1.84
$1.72
$1.60
+7.0%
Diluted shares, weighted
127m
130m
132m
-2.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,664
1,466
1,682
+13.5%
Debt
1,712
1,798
1,397
-4.8%
Other liabilities
1,345
1,254
1,314
+7.3%
Total liabilities and equity
4,721
4,518
4,393
+4.5%
Fixed assets
238
237
236
+0.0%
Goodwill
593
593
594
-0.1%
Intangible assets
281
325
376
-13.5%
Cash and equivalents
977
893
682
+9.4%
Receivables
1,218
1,095
1,094
+11.3%
Inventory
384
340
349
+13.2%
Other assets
1,031
1,035
1,062
-0.4%
Total assets
4,721
4,518
4,393
+4.5%
10-K for the year ended 27 December 2015, filed 24 February 2016: the filing.