HASBRO, INC.

Listed Company

HASCIK 0000046080NasdaqLarge AcceleratedGames, Toys & Children'S Vehicles (No Dolls & Bicycles)Rhode IslandFY ends Dec 27

Period

FY 2025

Revenue

$4.70B

Net Income

$-322.40M

Total Assets

$5.55B

Equity

$565.50M

Shares Out

140.69M

Op. Cash Flow

$893.20M

Business

HASBRO, INC. is a global games, intellectual property and toy company that creates play experiences across physical and digital formats. It offers toys, board and card games, trading cards, action figures, collectibles, digital and video games, licensed consumer products, location-based entertainment, film, television and related content. The company operates through core lines of business focused on Games (including Wizards of the Coast and digital gaming), Licensing & Entertainment, and Consumer Products/Toys. Its products reach consumers worldwide through mass-market and specialty retailers, ecommerce, direct-to-consumer platforms and third-party licensees.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	4,701	4,136	5,003	5,857	6,420
Cost of sales	1,296	1,180	1,706	1,912	1,928
Program cost amortization	36	49	449	556	629
Royalties	369	284	428	493	620
Product development	386	294	307	308	316
Advertising	317	320	358	387	507
Amortization of intangible assets	66	68	83	105	117
Impairment of goodwill (Note 8)	1,022	0	1,191	0	0
Loss on disposal of business	25	37	539	22	109
Selling, distribution and administration	1,174	1,213	1,480	1,666	1,433
Total costs and expenses	4,690	3,446	6,542	5,449	5,657
Operating profit (loss)	11	690	−1,539	408	763
Interest expense	163	171	186	171	—
Interest income	−29	−47	−23	−12	−5
Other (income) expense, net	−22	69	7	−13	7
Total non-operating expense, net	113	193	170	146	181
(Loss) earnings before income taxes	−102	497	−1,709	262	582
Income tax expense (benefit)	216	103	−221	59	147
Net (loss) earnings	−318	394	−1,488	203	435
Net earnings attributable to noncontrolling interests	4	9	2	−500,000	7
Net (loss) earnings attributable to Hasbro, Inc.	−322	386	−1,489	204	429
Basic (in dollars per share)	−2.3	2.77	−10.73	1.47	3.11
Diluted (in dollars per share)	−2.3	2.75	−10.73	1.46	3.1
Cash dividends declared (in dollars per share)	2.8	2.1	2.8	2.8	2.72

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents, including restricted cash of $0.4 and $0.3	777	695	545	513	1,019
Short-term investments	105	0	—	—	—
Accounts receivable, net of allowance for credit losses of $61.3 and $25.8	1,060	920	1,029	1,132	1,500
Inventories	260	274	332	677	552
Prepaid expenses and other current assets	382	354	417	677	656
Total current assets	2,584	2,243	2,324	2,999	3,728
Property, plant and equipment, net	248	303	334	423	421
Goodwill	1,257	2,278	2,279	3,470	3,420
Other intangible assets, net	457	518	588	815	1,172
Other assets	1,007	999	1,016	1,589	1,297
Total assets	5,552	6,340	6,541	9,296	10,038
Current portion of long-term debt	497	0	500	113	200
Accounts payable	335	342	341	427	580
Accrued liabilities	1,039	1,060	1,216	1,507	1,675
Total current liabilities	1,871	1,401	2,056	2,190	2,456
Long-term debt	2,768	3,381	2,966	3,711	3,824
Other liabilities	348	373	432	533	671
Total liabilities	4,987	5,155	5,454	6,434	6,951
Commitments and contingencies (Note 21)	—	—	—	—	—
Preference stock of $2.50 par value. Authorized 5,000,000 shares; none issued	0	0	0	0	0
Common stock of $0.50 par value. Authorized 600,000,000 shares; issued 220,286,736 shares as of 2025 and 2024	110	110	110	110	110
Additional paid-in capital	2,695	2,632	2,591	2,541	2,428
Retained earnings	1,554	2,274	2,188	4,071	4,258
Accumulated other comprehensive loss	−218	−246	−202	−255	−235
Treasury stock, at cost, 79,901,615 shares in 2025 and 80,758,045 shares in 2024	−3,604	−3,613	−3,626	−3,634	−3,535
Noncontrolling interests	27	27	25	29	37
Total shareholders equity	566	1,185	1,087	2,862	3,063
Total liabilities, noncontrolling interests and shareholders equity	5,552	6,340	6,541	9,296	10,038

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation of property, plant and equipment	70	95	128	127	163
Impairment of intangibles and production assets	0	0	116	281	0
Loss on Discovery Family Channel investment	0	78	0	0	74
Inventory obsolescence	49	22	91	45	8
Deferred income taxes	158	−21	−244	−130	36
Share-based compensation	80	51	72	83	98
Other non-cash items	26	13	−6	3	−2
Net change in accounts receivable	−150	77	16	340	−160
Net change in inventories	−25	22	257	−185	−182
Net change in prepaid expenses and other current assets	−41	59	35	17	−31
Program production costs	−10	−25	−408	−768	−697
Net change in accounts payable and accrued liabilities	−35	−79	−110	−279	313
Change in net deemed repatriation tax	−57	−46	−34	−18	−18
Other	−1	51	38	−30	—
Net cash provided by operating activities	893	847	726	373	818
Additions to property, plant and equipment	−63	−87	−136	−128	−133
Additions to software development	−135	−110	−74	−46	—
Net (settlement) proceeds from sale of business, net of cash transferred	0	−12	330	0	379
Purchase of investments	−105	−571	0	0	—
Maturity of investments	0	583	0	0	0
Other	19	−6	−3	8	−4
Net cash (utilized) provided by investing activities	−284	−204	118	−313	242
Proceeds from borrowings	0	499	3	4	144
Repayments of borrowings	−118	−581	−360	−206	−1,220
Net repayments of other short-term borrowings	0	0	−42	142	−6
Share-based compensation transactions	10	8	0	74	—
Dividends paid	−393	−390	−388	−385	−375
Payments related to tax withholding for share-based compensation	−24	−14	−17	−24	−14
Payment of financing costs	0	−5	0	0	0
Other	−7	−13	−15	−33	−11
Net cash utilized by financing activities	−531	−498	−818	−553	−1,460
Effect of exchange rate changes on cash	4	3	7	−13	−31
Net increase in cash, cash equivalents and restricted cash	82	150	32	−506	−431
Interest paid	158	162	179	162	172
Income taxes paid, net	197	93	120	177	161

Filings

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