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Hasbro, Inc. (HAS) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 29, 2019

Hasbro Inc

CIK: 46080 Ticker: HAS

Exhibit 99.1
hasbro20logo1.jpg


For Immediate Release

Hasbro Reports Revenue and Operating Profit Growth
for the Full-Year and Fourth Quarter 2019

Board of Directors Declares Quarterly Dividend of $0.68 per share

Completes Acquisition of eOne in Q1 2020

Full-Year 2019
Net revenues of $4.72 billion increased 3%; Revenues increased 5% excluding an unfavorable $78.5 million impact of foreign exchange;
Operating profit increased to $652.1 million or 13.8% of revenues; Adjusted operating profit of $669.8 million, or 14.2% of revenue, excluding $17.8 million of costs associated with the Entertainment One (eOne) acquisition;

Reported net earnings were $520.5 million or $4.05 per diluted share; Adjusted net earnings were $524.7 million, or $4.08 per diluted share, excluding after-tax net charges of $4.2 million, or $0.03 per diluted share;

Hasbro ended 2019 with year-end cash and cash equivalents of $4.58 billion, including $3.4 billion of eOne acquisition financing, cash received from foreign exchange hedges and other activities; Generated $653.1 million in operating cash flow; Returned $398.0 million to shareholders in 2019 including $336.6 million in dividends.

Fourth Quarter 2019
Net revenues increased 3% to $1.43 billion, including an unfavorable $13.0 million impact of foreign exchange;

Operating profit increased to $190.4 million or 13.3% of revenues; Adjusted operating profit of $208.2 million, or 14.6% of revenues, excluding $17.8 million of costs associated with the eOne acquisition;

Reported net earnings for the fourth quarter 2019 were $267.3 million or $2.01 per diluted share; Adjusted net earnings of $164.8 million, or $1.24 per diluted share, excluding after-tax net gains of $102.5 million, or $0.77 per diluted share.

Pawtucket, R.I., February 11, 2020
-- Hasbro, Inc. today reported financial results for the full-year and fourth quarter 2019.



The following information was filed by Hasbro Inc (HAS) on Tuesday, February 11, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Hasbro Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statement Of Cash Flows
Consolidated Statements Of Comprehensive Earnings
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders??? Equity And Redeemable Noncontrolling Interests
Accrued Liabilities
Accrued Liabilities (Details)
Accrued Liabilities (Tables)
Acquisition
Acquisition (Tables)
Acquisition - Narrative (Details)
Acquisition - Schedule Of Business Acquisition (Details)
Capital Stock
Capital Stock (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Derivative Financial Instruments
Derivative Financial Instruments (Tables)
Derivative Financial Instruments - Cash Flow Hedging Instruments (Details)
Derivative Financial Instruments - Derivative Financial Instruments (Details)
Derivative Financial Instruments - Fair Value Of Undesignated Derivate Financial Instruments (Details)
Derivative Financial Instruments - Narrative (Details)
Derivative Financial Instruments - Statements Of Financial Performance And Financial Position (Details)
Equity Method Investment
Equity Method Investment (Details)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Tables)
Fair Value Of Financial Instruments - Fair Value Hierarchy (Details)
Fair Value Of Financial Instruments - Narrative (Details)
Fair Value Of Financial Instruments - Reconciliation Of Level 3 Fair Value (Details)
Financing Arrangements
Financing Arrangements (Details)
Goodwill And Intangibles
Goodwill And Intangibles (Tables)
Goodwill And Intangibles - Narrative (Details)
Goodwill And Intangibles - Schedule Of Expected Amortization Expense (Details)
Goodwill And Intangibles - Schedule Of Goodwill (Details)
Goodwill And Intangibles - Schedule Of Other Intangibles (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Components Of Earnings Before Income Taxes Determined By Tax Jurisdiction (Details)
Income Taxes - Deferred Tax Assets And Liabilities (Details)
Income Taxes - Deferred Tax Assets And Liabilities By Balance Sheet Location (Details)
Income Taxes - Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Income Taxes Attributable To Earnings Before Income Taxes (Details)
Income Taxes - Narrative (Details)
Income Taxes - Unrecognized Tax Benefits Roll Forward (Details)
Leases
Leases (Tables)
Leases - Lease Cost (Details)
Leases - Maturities Of Operating Lease Liabilities (Details)
Leases - Narrative (Details)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt - Long-Term Debt Instruments (Details)
Long-Term Debt - Narrative (Details)
Other Comprehensive Earnings (Loss)
Other Comprehensive Earnings (Loss) (Tables)
Other Comprehensive Earnings (Loss) - Gains (Losses) On Derivative Instruments (Details)
Other Comprehensive Earnings (Loss) - Schedule Of Accumulated Other Comprehensive Earnings (Loss) (Details)
Other Comprehensive Earnings (Loss) - Schedule Of Other Comprehensive Income (Loss) (Details)
Pension, Postretirement And Postemployment Benefits
Pension, Postretirement And Postemployment Benefits (Tables)
Pension, Postretirement And Postemployment Benefits - Assumptions Used To Determine Net Periodic Benefit Cost Of Pension Plan And Postreitrement Plan (Details)
Pension, Postretirement And Postemployment Benefits - Assumptions Used To Determine Year-End Pension And Postretirement Benefit Obligation (Details)
Pension, Postretirement And Postemployment Benefits - Components Of Net Periodic Benefit Cost (Details)
Pension, Postretirement And Postemployment Benefits - Expected Benefit Payments (Details)
Pension, Postretirement And Postemployment Benefits - Fair Values Of Plan Asset Class And Fair Value Hierarchy Level (Details)
Pension, Postretirement And Postemployment Benefits - Narrative (Details)
Pension, Postretirement And Postemployment Benefits - Summary Of Changes In Projected Benefit Obligation (Details)
Program Production Costs
Program Production Costs (Details)
Program Production Costs (Tables)
Property, Plant And Equipment
Property, Plant And Equipment (Tables)
Property, Plant And Equipment - Narrative (Details)
Property, Plant And Equipment - Schedule Of Property, Plant And Equipment (Details)
Quarterly Financial Data (Unaudited ??? See Accompanying Accountants??? Report)
Quarterly Financial Data (Unaudited ??? See Accompanying Accountants??? Report) (Details)
Quarterly Financial Data (Unaudited ??? See Accompanying Accountants??? Report) (Tables)
Quarterly Financial Data (Unaudited ??? See Accompanying Accountants??? Report) - Additional Information (Details)
Restructuring Actions
Restructuring Actions (Details)
Restructuring Actions (Tables)
Revenue Recognition
Revenue Recognition (Details)
Segment Reporting
Segment Reporting (Tables)
Segment Reporting - Geographic Information (Details)
Segment Reporting - Information And Reconciliation By Segment (Details)
Segment Reporting - Net Revenues By International Region (Details)
Segment Reporting - Net Revenues By Product Category (Details)
Segment Reporting - Other Information (Details)
Stock Options, Other Stock Awards And Warrants
Stock Options, Other Stock Awards And Warrants (Tables)
Stock Options, Other Stock Awards And Warrants - Narrative (Details)
Stock Options, Other Stock Awards And Warrants - Schedule Of Share-Based Payment Award (Details)
Stock Options, Other Stock Awards And Warrants - Stock Options (Details)
Stock Options, Other Stock Awards And Warrants - Stock Performance Awards (Details)
Stock Options, Other Stock Awards And Warrants - Total Compensation Expense Related To Stock Options, Restricted Stock Units And Stock Performance Awards (Details)
Subsequent Event
Subsequent Event - Additional Information (Details)
Subsequent Event - Schedule Of Business Acquisition (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Narrative (Details)
Summary Of Significant Accounting Policies - Schedule Of Earnings Per Share, Basic And Diluted (Details)
Ticker: HAS
CIK: 46080
Form Type: 10-K Annual Report
Accession Number: 0000046080-20-000028
Submitted to the SEC: Thu Feb 27 2020 12:50:48 PM EST
Accepted by the SEC: Thu Feb 27 2020
Period: Sunday, December 29, 2019
Industry: Games Toys And Childrens Vehicles No Dolls And Bicycles

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