Hasbro (HAS) FY2022 results: revenue $5.9 billion, down 8.8% on the year
Hasbro, Inc. (HAS) reported revenue of $5.9 billion for fiscal 2022, the year ended 25 December 2022, down 8.8% on the year before. Net income was $204 million, down 52.5%, and diluted earnings per share $1.46. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$5.9 billion
-8.8% on the year
FY2015FY2022
Operating margin
7.0%
11.9% a year earlier
FY2015FY2022
Net income
$204 million
-52.5% on the year
FY2015FY2022
Diluted EPS
$1.46
-52.9% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
373
818
976
-54.4%
Capital expenditure
128
133
126
-3.4%
Free cash flow
245
685
851
-64.3%
Free cash flow margin
4.2%
10.7%
15.6%
Cash from investing
-313
242
-4,500
Cash from financing
-553
-1,460
406
Depreciation and amortisation
232
280
265
-17.0%
Share-based compensation
83.4
97.8
49.7
-14.7%
Buybacks
125
0.0
0.0
Dividends paid
385
374
373
+2.9%
Dividend per share
$2.80
$2.72
$2.72
+2.9%
Diluted shares, weighted
139m
138m
138m
+0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,862
3,063
2,937
-6.6%
Redeemable equity
0.0
23.9
24.4
Short-term borrowings
n/a
0.8
n/a
Debt
3,967
4,024
5,099
-1.4%
Operating lease liabilities
91.9
132
163
-30.6%
Other liabilities
2,375
2,793
2,595
-15.0%
Total liabilities and equity
9,296
10,038
10,818
-7.4%
Fixed assets
304
262
297
+16.3%
Goodwill
3,470
3,420
3,692
+1.5%
Intangible assets
815
1,172
1,531
-30.5%
Securities held for sale or to maturity
n/a
n/a
2.1
Cash and equivalents
513
1,019
1,450
-49.7%
Receivables
1,132
1,500
1,392
-24.5%
Inventory
677
552
396
+22.6%
Other assets
2,384
2,113
2,059
+12.9%
Total assets
9,296
10,038
10,818
-7.4%
10-K for the year ended 25 December 2022, filed 22 February 2023: the filing.