$HAS

HASBRO INC

CIK:0000046080|SEC Filings

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2026	Jun. 29, 2025	Jun. 28, 2026	Jun. 29, 2025
Income Statement [Abstract]
Net revenues	$ 1,139.6	$ 980.8	$ 2,139.8	$ 1,867.9
Costs and expenses:
Cost of sales	272.4	225.3	508.5	429.8
Program cost amortization	3.1	6.2	7.1	13.6
Royalties	89.9	84.5	167.6	141.5
Product development	93.6	77.5	171.6	158.0
Advertising	74.8	63.6	135.2	119.0
Amortization of intangible assets	14.6	17.2	29.2	34.2
Impairment of goodwill	0.0	1,021.9	0.0	1,021.9
Loss on disposal of business	0.0	0.0	0.0	25.0
Selling, distribution and administration	338.7	282.8	597.8	552.4
Total costs and expenses	887.1	1,779.0	1,617.0	2,495.4
Operating profit (loss)	252.5	(798.2)	522.8	(627.5)
Non-operating expense:
Interest expense	46.5	40.6	88.3	82.2
Interest income	(12.9)	(5.4)	(23.0)	(14.3)
Other expense (income), net	10.2	(18.7)	4.7	(17.3)
Total non-operating expense, net	43.8	16.5	70.0	50.6
Earnings (loss) before income taxes	208.7	(814.7)	452.8	(678.1)
Income tax expense	47.4	40.0	92.0	77.1
Net earnings (loss)	161.3	(854.7)	360.8	(755.2)
Net earnings attributable to noncontrolling interests	0.4	1.1	1.5	2.0
Net earnings (loss) attributable to Hasbro, Inc.	$ 160.9	$ (855.8)	$ 359.3	$ (757.2)
Net earnings (loss) per common share:
Basic (in dollars per share)	$ 1.14	$ (6.10)	$ 2.54	$ (5.41)
Diluted (in dollars per share)	1.12	(6.10)	2.51	(5.41)
Cash dividends declared (in dollars per share)	$ 0.70	$ 0.70	$ 1.40	$ 1.40

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 28, 2026	Jun. 29, 2025
Cash flows from operating activities:
Net earnings (loss)	$ 360.8	$ (755.2)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation of property, plant and equipment	28.7	32.1
Loss on disposal of business	0.0	25.0
Impairment of goodwill	0.0	1,021.9
Impairment of capitalized software	56.4	0.0
Inventory obsolescence	13.0	12.0
Amortization of intangible assets	29.2	34.2
Program cost amortization	7.1	13.6
Deferred income taxes	13.9	(8.6)
Share-based compensation	46.4	31.3
Other non-cash items	11.5	(8.3)
Change in operating assets and liabilities:
Net change in accounts receivable	306.6	221.7
Net change in inventories	(107.8)	(141.1)
Net change in prepaid expenses and other current assets	(1.7)	(23.9)
Program production costs	(7.1)	(6.5)
Net change in accounts payable and accrued liabilities	(163.0)	(177.8)
Change in net deemed repatriation tax	0.0	(57.4)
Other	10.4	(3.6)
Net cash provided by operating activities	604.4	209.4
Cash flows from investing activities:
Additions to property, plant and equipment	(41.2)	(29.9)
Additions to software development	(54.0)	(61.8)
Purchases of investments	(423.0)	(10.0)
Other	(6.4)	12.5
Net cash utilized by investing activities	(524.6)	(89.2)
Cash flows from financing activities:
Proceeds from borrowings	399.4	0.0
Repayments of borrowings	(123.3)	(60.5)
Payments of financing costs	(4.8)	0.0
Share-based compensation transactions	38.7	4.9
Payments related to tax withholding for share-based compensation	(44.7)	(19.9)
Dividends paid	(197.6)	(196.0)
Repurchases of common stock	(41.5)	0.0
Other	(2.7)	(3.1)
Net cash provided (utilized) by financing activities	23.5	(274.6)
Effect of exchange rate changes on cash	0.6	6.3
Net increase (decrease) in cash, cash equivalents and restricted cash	103.9	(148.1)
Cash, cash equivalents and restricted cash at beginning of year	776.6	695.0
Cash, cash equivalents and restricted cash at end of period	880.5	546.9
Supplemental information
Interest paid	78.3	79.2
Income taxes paid, net	$ 55.2	$ 158.4

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 28, 2026	Dec. 28, 2025	Jun. 29, 2025
Current assets:
Cash and cash equivalents	$ 880.5	$ 776.6	$ 546.9
Short-term investments	497.7	105.4	0.0
Accounts receivable, net	751.7	1,059.8	717.8
Inventories	353.2	259.8	417.1
Prepaid expenses and other current assets	366.5	382.1	359.4
Total current assets	2,849.6	2,583.7	2,041.2
Property, plant and equipment, net of accumulated depreciation of $1,079.6, $1,055.4 and $1,060.0	453.9	247.8	251.8
Goodwill	1,256.2	1,256.7	1,256.8
Other intangible assets, net of accumulated amortization of $439.9, $460.3 and $412.2	426.4	456.7	489.4
Other assets	1,051.1	1,007.1	1,135.2
Total assets	6,037.2	5,552.0	5,174.4
Current liabilities:
Current portion of long-term debt	497.0	497.0	0.0
Accounts payable	374.9	335.4	339.6
Accrued liabilities	843.4	1,038.7	888.2
Total current liabilities	1,715.3	1,871.1	1,227.8
Long-term debt	3,041.2	2,767.9	3,320.9
Other liabilities	550.4	347.5	356.0
Total liabilities	5,306.9	4,986.5	4,904.7
Commitments and contingencies (Note 16)
Shareholders' equity:
Preference stock of $2.50 par value. Authorized 5,000,000 shares; none issued	0.0	0.0	0.0
Common stock of $0.50 par value. Authorized 600,000,000 shares; 220,286,736 shares issued	110.1	110.1	110.1
Additional paid-in capital	2,733.6	2,695.4	2,644.2
Retained earnings	1,712.9	1,554.1	1,319.3
Accumulated other comprehensive loss	(211.9)	(217.5)	(226.6)
Treasury stock, at cost; 79,017,960 shares; 80,075,685 shares; and 79,901,615 shares, respectively	(3,639.5)	(3,603.6)	(3,605.9)
Noncontrolling interests	25.1	27.0	28.6
Total shareholders' equity	730.3	565.5	269.7
Total liabilities, noncontrolling interests and shareholders' equity	$ 6,037.2	$ 5,552.0	$ 5,174.4