Company profile

Ticker
HAS
Exchange
CEO
Brian D. Goldner
Employees
Incorporated in
Location
Fiscal year end
Former names
Hasbro Inc
SEC CIK
IRS number
50155090

HAS stock data

(
)

Calendar

7 May 20
15 Jul 20
27 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 1.11B 1.43B 1.58B 984.54M
Net income -67.81M 267.35M 212.95M 13.43M
Diluted EPS -0.51 2.01 1.67 0.11
Net profit margin -6.13% 18.72% 13.52% 1.36%
Operating income -23.28M 190.38M 297.21M 128.33M
Net change in cash -3.34B 3.52B -90.61M -45.59M
Cash on hand 1.24B 4.58B 1.06B 1.15B
Cost of revenue 262.69M 577.05M 627.12M 343.69M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 4.72B 4.58B 5.21B 5.02B
Net income 520.45M 220.43M 396.61M 533.15M
Diluted EPS 4.05 1.74 3.12 4.34
Net profit margin 11.03% 4.81% 7.61% 10.62%
Operating income 652.05M 331.05M 810.36M 788.05M
Net change in cash 3.4B -398.86M 298.95M 305.54M
Cash on hand 4.58B 1.18B 1.58B 1.28B
Cost of revenue 1.81B 1.85B 2.03B 1.91B

Financial data from Hasbro earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
30 Jun 20 Bronfin Kenneth A Phantom Stock Units Common Stock Grant Aquire A No 74.95 43 3.22K 4,774
30 Jun 20 Davis Sir Crispin Phantom Stock Units Common Stock Grant Aquire A No 74.95 535 40.1K 6,898
30 Jun 20 Gersh Lisa Phantom Stock Units Common Stock Grant Aquire A No 74.95 769 57.64K 24,895
30 Jun 20 Philip Edward M Phantom Stock Units Common Stock Grant Aquire A No 74.95 479 35.9K 53,251
30 Jun 20 Richard S Stoddart Phantom Stock Units Common Stock Grant Aquire A No 74.95 94 7.05K 10,506
80.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 556 636 -12.6%
Opened positions 81 108 -25.0%
Closed positions 161 88 +83.0%
Increased positions 201 241 -16.6%
Reduced positions 181 191 -5.2%
13F shares
Current Prev Q Change
Total value 67.06B 94.98B -29.4%
Total shares 110.71M 118.69M -6.7%
Total puts 685.9K 1.7M -59.6%
Total calls 933.7K 1.62M -42.2%
Total put/call ratio 0.7 1.0 -30.0%
Largest owners
Shares Value Change
Vanguard 16.13M $1.15B +2.8%
Capital Research Global Investors 12.39M $886.56M -23.4%
BLK BlackRock 10.72M $767.04M +3.0%
JHG Janus Henderson 6M $429.47M -8.5%
STT State Street 5.54M $396.23M +4.1%
JPM JPMorgan Chase & Co. 4.26M $304.55M -5.1%
PFG Principal Financial 3.84M $274.94M +5.2%
WFC^Z Wells Fargo & Company 2.78M $199.04M -3.4%
HS Management Partners 2.16M $154.44M NEW
Geode Capital Management 2.14M $152.67M +7.4%
Largest transactions
Shares Bought/sold Change
Jackson Square Partners 0 -5.04M EXIT
Capital Research Global Investors 12.39M -3.79M -23.4%
HS Management Partners 2.16M +2.16M NEW
MCQEF Macquarie 133.4K -1.58M -92.2%
Artisan Partners Limited Partnership 0 -1.31M EXIT
Norges Bank 0 -1.28M EXIT
Citadel Advisors 1.48M +991.42K +201.3%
Alyeska Investment 727.78K +727.78K NEW
Kovitz Investment Group Partners 710.87K +710.87K NEW
Russell Investments 181.59K -681.66K -79.0%

Financial report summary

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Risks
  • Our strategy involves focusing on franchise and key partner brands, and successfully developing, or in the case of partner brands, successfully working with our partners to develop, those brands across our brand blueprint in a wide array of innovative toys and games, consumer products, storytelling and digital experiences. If we are not successful in developing and expanding these critical brands our business will suffer.
  • Consumer interests change rapidly, making it difficult to create storytelling experiences and to design and develop products and entertainment offerings which will be popular with children, families and audiences, or to maintain the popularity of successful products and brands.
  • The challenge of continuously developing and offering products and storytelling experiences that are sought after by children is compounded by the sophistication of today’s children and the increasing array of technology and entertainment offerings available to them.
  • Technological development, including changes in entertainment delivery formats, drives frequent changes within the film and television industry and our failure to respond to or capitalize on these changes could harm our business.
  • Engaging storytelling across media is an increasingly important factor for driving brand awareness and successfully building brands.
  • Outbreaks of communicable infections or diseases, or other public health pandemics, such as the global coronavirus outbreak currently being experienced, in the markets in which we and our employees, consumers, customers, suppliers and manufacturers operate, could substantially harm our business.
  • We depend on third party relationships with studios, content producers and distribution channels to develop and distribute entertainment content and those relationships are critical to our operations.
  • The play and entertainment industry and consumer products industry are highly competitive and the barriers to entry are low. If we are unable to compete effectively with existing or new competitors or with our retailers’ private label toy products, our revenues, market share and profitability could decline.
  • We face competition from major film studios and television production companies as well as other independent distributors and independent content producers.
  • An inability to develop and introduce planned products, product lines and new brands in a timely and cost-effective manner may damage our business.
  • Our success depends on our ongoing ability to successfully evolve our capabilities and business to meet the challenges of a changing retail landscape and to successfully develop new and expanded aspects of our business.
  • Our substantial business, sales and manufacturing operations outside the U.S. subject us to risks associated with international operations.
  • Changes in foreign currency exchange rates can significantly impact our reported financial performance.
  • Global and regional economic downturns that negatively impact the retail and credit markets, or that otherwise damage the financial health of our retail customers and consumers, or other factors negatively impacting retail sales, can harm our business and financial performance.
  • Other economic and public health conditions in the markets in which we and our employees, consumers, customers, suppliers and manufacturers operate, including rising commodity and fuel prices, higher labor costs, increased transportation costs, outbreaks of public health pandemics or other diseases or third party conduct could negatively impact our ability to produce and ship our products, and lower our revenues, margins and profitability.
  • The United Kingdom’s withdrawal from the European Union, commonly referred to as Brexit, may have an adverse effect on our operations.
  • Our business depends, in large part, on the success of our key partner brands and on our ability to maintain, renew and extend solid relationships with our key partners.
  • We may not realize the full benefit of our licenses if the licensed material has less market appeal than expected or if revenue from the licensed products is not sufficient to earn out the minimum guaranteed royalties.
  • Our business is seasonal and therefore our quarterly and annual operating results may fluctuate. This seasonality is exacerbated by retailers’ quick response or just in time inventory management techniques.
  • The concentration of our retail customer base means that economic difficulties or changes in the purchasing or promotional policies or patterns of our major customers could have a significant impact on us.
  • Our use of third-party manufacturers to produce our products, as well as certain other products, presents risks to our business.
  • Our success is critically dependent on the efforts and dedication of our officers and other employees.
  • To remain competitive we must continuously develop new skills and work to increase efficiency and reduce costs, but we cannot guarantee we will be successful in this regard.
  • Our business is critically dependent on our intellectual property rights and we may not be able to protect such rights successfully.
  • We have a material amount of acquired product rights which, if impaired, would result in a reduction of our net earnings.
  • We may incur impairments and write‑offs if the films and television programs we acquire and produce do not perform well enough to recoup our acquisition, production, marketing and distribution costs.
  • We have relied on external financing, including our credit facility, to help fund our operations. If we were unable to obtain or service such financing, or if the restrictions imposed by such financing were too burdensome, our business would be harmed.
  • The production of films and television programs require a substantial investment of capital and utilizes production financing to invest in productions.
  • Following our acquisition of eOne, the distribution of Canadian certified content is an important part of our business, and we benefit from funding from the Canadian government.
  • The loss of Canadian status of Entertainment One Canada Ltd. could result in the loss of licenses, incentives and tax credits.
  • As a manufacturer of consumer products and a large multinational corporation, we are subject to various government regulations and may be subject to additional regulations in the future, violation of which could subject us to sanctions or otherwise harm our business. In addition, we could be the subject of future product liability suits or product recalls, which could harm our business.
  • Our business also involves risks of liability claims for media content, which could adversely affect our business, results of operations and financial condition.
  • Our entertainment business could be adversely affected by strikes or other union job actions.
  • We may not realize the anticipated benefits of acquisitions or investments in joint ventures, or those benefits may be delayed or reduced in their realization.
  • Failure to successfully operate our information systems and implement new technology effectively could disrupt our business or reduce our sales or profitability.
  • If our electronic data is compromised our business could be significantly harmed.
  • From time to time, we are involved in litigation, arbitration or regulatory matters where the outcome is uncertain and which could entail significant expense.
  • Changes in, or differing interpretations of, income tax laws and rules, and changes in our geographic operating results, may impact our effective tax rate.
  • We have a material amount of goodwill which, if it becomes impaired, would result in a reduction in our net earnings.
  • We may not realize the anticipated financial benefits of the acquisition of eOne.
  • Our results after the consummation of the acquisition may suffer if we do not effectively manage our expanded operations.
  • The combined company will record goodwill and other intangible assets that could become impaired and result in material non-cash charges to the results of operations of the combined company in the future.
Management Discussion
  • This Management’s Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements concerning the Company’s expectations and beliefs. See “Statement Regarding Forward-Looking Statements” and Part I, Item 1A “Risk Factors” for a discussion of other uncertainties, risks and assumptions associated with these statements.
  • Unless otherwise specifically indicated, all dollar or share amounts herein are expressed in millions of dollars or shares, except for per share amounts.
  • Hasbro, Inc. ("Hasbro" or the "Company") is a global play and entertainment company committed to Creating the World’s Best Play and Entertainment Experiences. From toys, games and consumer products to television, movies, digital gaming, live action, music, and virtual reality experiences, Hasbro connects to global audiences by bringing to life great innovations, stories and brands across established and inventive platforms. Hasbro’s iconic brands include MAGIC: THE GATHERING, MY LITTLE PONY, NERF, TRANSFORMERS, PLAY-DOH, MONOPOLY, BABY ALIVE, POWER RANGERS and LITTLEST PET SHOP, as well as premier partner brands. Through our acquisition of Entertainment One Ltd. ("eOne"), acquired brands PEPPA PIG and PJ MASKS will be
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