HASBRO, INC. AND SUBSIDIARIES
|
Consolidated Statements of Operations
|
(Thousands of Dollars Except Per Share Data)
|
(Unaudited)
|
| | | |
| | | |
| Quarter Ended
| Six Months Ended
|
| -----------------------------------
| ------------------------------------
|
| June 27, 2010
| June 28, 2009
| June 27, 2010
| June 28, 2009
|
| | -------------------
| ------------------
| -------------------
| -------------------
|
Net revenues
| $
| 737,791
| | 792,202
| | 1,410,162
| | 1,413,542
| |
Costs and expenses
| | | | | | | | | |
Cost of sales
| | 300,322
| | 319,452
| | 563,001
| | 564,205
| |
Royalties
| | 50,052
| | 73,826
| | 93,834
| | 128,279
| |
Product development
| | 47,466
| | 43,529
| | 87,790
| | 80,660
| |
Advertising
| | 71,998
| | 81,677
| | 143,172
| | 143,986
| |
Amortization
| | 11,315
| | 18,792
| | 22,699
| | 38,679
| |
Selling, distribution and administration
| | 176,912
| | 181,853
| | 350,613
| | 343,443
| |
| | | ------------
| | ------------
| | ------------
| | ------------
| |
Total costs and expenses
| | 658,065
| | 719,129
| | 1,261,109
| | 1,299,252
| |
| | ------------
| | ------------
| | ------------
| | ------------
| |
Operating profit
| | 79,726
| | 73,073
| | 149,053
| | 114,290
| |
| | ------------
| | ------------
| | ------------
| | ------------
| |
Nonoperating (income) expense
| | | | | | | | | |
Interest expense
| | 21,922
| | 17,503
| | 38,714
| | 27,218
| |
Interest income
| | (2,106
| )
| (739
| )
| (2,936
| )
| (2,004
| )
|
Other (income) expense, net
| | (1,127
| )
| (545
| )
| (1,992
| )
| 3,635
| |
| | | ------------
| | ------------
| | ------------
| | ------------
| |
Total nonoperating expense, net
| | 18,689
| | 16,219
| | 33,786
| | 28,849
| |
| | ------------
| | ------------
| | ------------
| | ------------
| |
Earnings before income taxes
| | 61,037
| | 56,854
| | 115,267
| | 85,441
| |
Income taxes
| | 17,406
| | 17,579
| | 12,693
| | 26,436
| |
| | ------------
| | ------------
| | ------------
| | ------------
| |
Net earnings
| $
| 43,631
| | 39,275
| | 102,574
| | 59,005
| |
| | | =======
| | =======
| | =======
| | =======
| |
| | | | | | | | | | |
Net earnings per common share
| | | | | | | | | |
Basic
| $
| 0.30
| | 0.28
| | 0.73
| | 0.42
| |
| | | =======
| | =======
| | =======
| | =======
| |
Diluted
| $
| 0.29
| | 0.26
| | 0.69
| | 0.40
| |
| | | =======
| | =======
| | =======
| | =======
| |
Cash dividends declared per
| | | | | | | | | |
common share
| $
| 0.25
| | 0.20
| | 0.50
| | 0.40
| |
| | =======
| | =======
| | =======
| | =======
| |
|
HASBRO INC
CIK:46080
|
2010-03-27 to 2010-06-27 (3-months) |
2009-03-28 to 2009-06-28 (3-months) |
2009-12-27 to 2010-06-27 (6-months) |
2008-12-28 to 2009-06-28 (6-months) |
|
| Net revenues | $737,791 | 792,202 | 1,410,162 | 1,413,542 |
| Costs and expenses |
| Cost of sales | 300,322 | 319,452 | 563,001 | 564,205 |
| Royalties | 50,052 | 73,826 | 93,834 | 128,279 |
| Product development | 47,466 | 43,529 | 87,790 | 80,660 |
| Advertising | 71,998 | 81,677 | 143,172 | 143,986 |
| Amortization | 11,315 | 18,792 | 22,699 | 38,679 |
| Selling, distribution and administration | 176,912 | 181,853 | 350,613 | 343,443 |
|
| Total costs and expenses | 658,065 | 719,129 | 1,261,109 | 1,299,252 |
|
| Operating profit | 79,726 | 73,073 | 149,053 | 114,290 |
|
| Nonoperating (income) expense |
| Interest expense | 21,922 | 17,503 | 38,714 | 27,218 |
| Interest income | (2,106) | (739) | (2,936) | (2,004) |
| Other (income) expense, net | (1,127) | (545) | (1,992) | 3,635 |
|
| Total nonoperating expense, net | 18,689 | 16,219 | 33,786 | 28,849 |
|
| Earnings before income taxes | 61,037 | 56,854 | 115,267 | 85,441 |
| Income taxes | 17,406 | 17,579 | 12,693 | 26,436 |
|
| Net earnings | $43,631 | 39,275 | 102,574 | 59,005 |
|
| Net earnings per common share |
| Basic | $0.30 | 0.28 | 0.73 | 0.42 |
|
| Diluted | $0.29 | 0.26 | 0.69 | 0.40 |
|
| Cash dividends declared per |
| common share | $0.25 | 0.20 | 0.50 | 0.40 |
|
|
|