Hasbro (HAS) FY2019 results: revenue $4.7 billion, up 3.1% on the year
Hasbro, Inc. (HAS) reported revenue of $4.7 billion for fiscal 2019, the year ended 29 December 2019, up 3.1% on the year before. Net income was $520 million, up 136.1%, and diluted earnings per share $4.05. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$4.7 billion
+3.1% on the year
FY2012FY2019
Operating margin
13.8%
7.2% a year earlier
FY2012FY2019
Net income
$520 million
+136.1% on the year
FY2012FY2019
Diluted EPS
$4.05
+132.8% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
4,720
4,580
5,210
+3.1%
Cost of revenue
1,808
1,851
2,034
-2.3%
Gross profit
2,912
2,729
3,176
+6.7%
Gross margin
61.7%
59.6%
61.0%
Research and development
262
246
269
+6.5%
Selling, general and administrative
1,037
1,288
1,125
-19.5%
Operating income
652
331
810
+97.0%
Operating margin
13.8%
7.2%
15.6%
Interest expense
102
90.8
98.3
+12.2%
Pre-tax income
594
270
786
+119.8%
Income tax
73.8
50.0
390
+47.6%
Effective tax rate
12.4%
18.5%
49.6%
Net income
520
220
397
+136.1%
Net margin
11.0%
4.8%
7.6%
Diluted EPS
$4.05
$1.74
$3.12
+132.8%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
653
646
724
+1.1%
Capital expenditure
134
140
135
-4.8%
Free cash flow
519
506
590
+2.7%
Free cash flow margin
11.0%
11.0%
11.3%
Cash from investing
-61.0
-286
-131
Cash from financing
2,811
-737
-312
Depreciation and amortisation
181
168
172
+7.6%
Share-based compensation
28.0
27.9
56.0
+0.5%
Buybacks
61.4
250
151
-75.5%
Dividends paid
337
309
277
+8.8%
Dividend per share
$2.72
$2.52
$2.28
+7.9%
Diluted shares, weighted
128m
127m
127m
+1.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
2,996
1,754
1,830
+70.7%
Non-controlling interest
0.0
n/a
n/a
Redeemable equity
0.0
0.0
n/a
Short-term borrowings
0.5
n/a
n/a
Debt
4,046
1,705
1,849
+137.4%
Operating lease liabilities
113
n/a
n/a
Other liabilities
1,700
1,804
1,611
-5.8%
Total liabilities and equity
8,856
5,263
5,290
+68.3%
Fixed assets
256
256
260
-0.4%
Goodwill
495
486
573
+1.8%
Intangible assets
646
694
217
-6.9%
Securities held for sale or to maturity
1.3
0.9
n/a
+41.8%
Cash and equivalents
4,580
1,182
1,581
+287.4%
Receivables
1,411
1,188
1,405
+18.7%
Inventory
446
443
433
+0.6%
Other assets
1,021
1,012
820
+0.9%
Total assets
8,856
5,263
5,290
+68.3%
10-K for the year ended 29 December 2019, filed 27 February 2020: the filing.