Hasbro (HAS) FY2017 results: revenue $5.2 billion, up 3.8% on the year
Hasbro, Inc. (HAS) reported revenue of $5.2 billion for fiscal 2017, the year ended 31 December 2017, up 3.8% on the year before. Net income was $397 million, down 28.1%, and diluted earnings per share $3.12. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$5.2 billion
+3.8% on the year
FY2010FY2017
Operating margin
15.6%
15.7% a year earlier
FY2010FY2017
Net income
$397 million
-28.1% on the year
FY2010FY2017
Diluted EPS
$3.12
-28.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
5,210
5,020
4,448
+3.8%
Cost of revenue
2,034
1,905
1,677
+6.7%
Gross profit
3,176
3,114
2,770
+2.0%
Gross margin
61.0%
62.0%
62.3%
Research and development
269
266
243
+1.0%
Selling, general and administrative
1,125
1,111
961
+1.3%
Operating income
810
788
692
+2.8%
Operating margin
15.6%
15.7%
15.6%
Interest expense
98.3
97.4
97.1
+0.9%
Pre-tax income
786
692
604
+13.5%
Income tax
390
159
157
+144.5%
Effective tax rate
49.6%
23.0%
26.0%
Net income
397
551
452
-28.1%
Net margin
7.6%
11.0%
10.2%
Diluted EPS
$3.12
$4.34
$3.57
-28.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
724
817
571
-11.4%
Capital expenditure
135
155
142
-12.9%
Free cash flow
590
662
429
-11.0%
Free cash flow margin
11.3%
13.2%
9.7%
Cash from investing
-131
-138
-104
Cash from financing
-312
-375
-365
Depreciation and amortisation
172
154
155
+11.2%
Share-based compensation
56.0
61.6
53.9
-9.1%
Buybacks
151
150
87.2
+0.8%
Dividends paid
277
249
226
+11.3%
Dividend per share
$2.28
$2.04
$1.84
+11.8%
Diluted shares, weighted
127m
127m
127m
+0.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,830
1,863
1,664
-1.8%
Debt
1,849
1,721
1,712
+7.4%
Other liabilities
1,611
1,508
1,345
+6.9%
Total liabilities and equity
5,290
5,091
4,721
+3.9%
Fixed assets
260
267
238
-2.9%
Goodwill
573
571
593
+0.4%
Intangible assets
217
246
281
-11.6%
Cash and equivalents
1,581
1,282
977
+23.3%
Receivables
1,405
1,320
1,218
+6.5%
Inventory
433
388
384
+11.8%
Other assets
820
1,018
1,031
-19.4%
Total assets
5,290
5,091
4,721
+3.9%
10-K for the year ended 31 December 2017, filed 26 February 2019: the filing.