Hasbro (HAS) FY2016 results: revenue $5.0 billion, up 12.9% on the year
Hasbro, Inc. (HAS) reported revenue of $5.0 billion for fiscal 2016, the year ended 25 December 2016, up 12.9% on the year before. Net income was $551 million, up 22.0%, and diluted earnings per share $4.34. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2017.
Revenue
$5.0 billion
+12.9% on the year
FY2009FY2016
Operating margin
15.7%
15.6% a year earlier
FY2009FY2016
Net income
$551 million
+22.0% on the year
FY2009FY2016
Diluted EPS
$4.34
+21.6% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
5,020
4,448
4,277
+12.9%
Cost of revenue
1,905
1,677
1,698
+13.6%
Gross profit
3,114
2,770
2,579
+12.4%
Gross margin
62.0%
62.3%
60.3%
Research and development
266
243
223
+9.6%
Selling, general and administrative
1,111
961
896
+15.6%
Operating income
788
692
635
+13.9%
Operating margin
15.7%
15.6%
14.9%
Interest expense
97.4
97.1
93.1
+0.3%
Pre-tax income
692
604
540
+14.7%
Income tax
159
157
127
+1.5%
Effective tax rate
23.0%
26.0%
23.5%
Net income
551
452
416
+22.0%
Net margin
11.0%
10.2%
9.7%
Diluted EPS
$4.34
$3.57
$3.20
+21.6%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
817
571
454
+43.0%
Capital expenditure
155
142
113
+9.1%
Free cash flow
662
429
341
+54.3%
Free cash flow margin
13.2%
9.7%
8.0%
Cash from investing
-138
-104
-0.5
Cash from financing
-375
-365
-231
Depreciation and amortisation
154
155
158
-0.6%
Share-based compensation
61.6
53.9
36.2
+14.4%
Buybacks
150
87.2
460
+72.1%
Dividends paid
249
226
217
+10.2%
Dividend per share
$2.04
$1.84
$1.72
+10.9%
Diluted shares, weighted
127m
127m
130m
+0.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,863
1,664
1,466
+11.9%
Debt
1,721
1,712
1,798
+0.5%
Other liabilities
1,508
1,345
1,254
+12.1%
Total liabilities and equity
5,091
4,721
4,518
+7.9%
Fixed assets
267
238
237
+12.6%
Goodwill
571
593
593
-3.7%
Intangible assets
246
281
325
-12.4%
Cash and equivalents
1,282
977
893
+31.3%
Receivables
1,320
1,218
1,095
+8.4%
Inventory
388
384
340
+0.8%
Other assets
1,018
1,031
1,035
-1.3%
Total assets
5,091
4,721
4,518
+7.9%
10-K for the year ended 25 December 2016, filed 22 February 2017: the filing.