Hasbro (HAS) FY2020 results: revenue $5.5 billion, up 15.8% on the year
Hasbro, Inc. (HAS) reported revenue of $5.5 billion for fiscal 2020, the year ended 27 December 2020, up 15.8% on the year before. Net income was $223 million, down 57.2%, and diluted earnings per share $1.62. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2021.
Revenue
$5.5 billion
+15.8% on the year
FY2013FY2020
Operating margin
9.2%
13.8% a year earlier
FY2013FY2020
Net income
$223 million
-57.2% on the year
FY2013FY2020
Diluted EPS
$1.62
-60.0% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
5,465
4,720
4,580
+15.8%
Cost of revenue
1,719
1,808
1,851
-4.9%
Gross profit
3,747
2,912
2,729
+28.6%
Gross margin
68.5%
61.7%
59.6%
Research and development
260
262
246
-1.0%
Selling, general and administrative
1,252
1,037
1,288
+20.7%
Operating income
502
652
331
-23.0%
Operating margin
9.2%
13.8%
7.2%
Interest expense
201
102
90.8
+97.4%
Pre-tax income
322
594
270
-45.8%
Income tax
96.6
73.8
50.0
+31.0%
Effective tax rate
30.0%
12.4%
18.5%
Net income
223
520
220
-57.2%
Net margin
4.1%
11.0%
4.8%
Diluted EPS
$1.62
$4.05
$1.74
-60.0%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
976
653
646
+49.5%
Capital expenditure
126
134
140
-5.9%
Free cash flow
851
519
506
+63.8%
Free cash flow margin
15.6%
11.0%
11.0%
Cash from investing
-4,500
-61.0
-286
Cash from financing
406
2,811
-737
-85.6%
Depreciation and amortisation
265
181
168
+46.6%
Share-based compensation
49.7
28.0
27.9
+77.4%
Buybacks
0.0
61.4
250
Dividends paid
373
337
309
+10.7%
Dividend per share
$2.72
$2.72
$2.52
0.0%
Diluted shares, weighted
138m
128m
127m
+7.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
2,937
2,996
1,754
-2.0%
Non-controlling interest
n/a
0.0
n/a
Redeemable equity
24.4
0.0
0.0
Short-term borrowings
n/a
0.5
n/a
Debt
5,099
4,046
1,705
+26.0%
Operating lease liabilities
163
113
n/a
+43.6%
Other liabilities
2,595
1,700
1,804
+52.7%
Total liabilities and equity
10,818
8,856
5,263
+22.2%
Fixed assets
297
256
256
+16.3%
Goodwill
3,692
495
486
+646.4%
Intangible assets
1,531
646
694
+136.9%
Securities held for sale or to maturity
2.1
1.3
0.9
+62.0%
Cash and equivalents
1,450
4,580
1,182
-68.3%
Receivables
1,392
1,411
1,188
-1.3%
Inventory
396
446
443
-11.3%
Other assets
2,059
1,021
1,012
+101.7%
Total assets
10,818
8,856
5,263
+22.2%
10-K for the year ended 27 December 2020, filed 24 February 2021: the filing.