HASBRO INC
For the period ended Jun 30, 2024. Filed Jul 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 31, 2024
HAS$120.92+1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(Millions of Dollars Except Per Share Data)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 30,2024 | July 2,2023 | June 30,2024 | July 2,2023 | |
| Net revenues | $995.3 | $1,210.0 | $1,752.6 | $2,211.0 |
| Costs and expenses: | ||||
| Cost of sales | 237.7 | 352.2 | 441.9 | 637.5 |
| Program cost amortization | 8.5 | 134.4 | 16.6 | 256.9 |
| Royalties | 55.3 | 119.9 | 106.2 | 188.9 |
| Product development | 70.4 | 72.4 | 135.9 | 155.7 |
| Advertising | 60.4 | 85.1 | 111.9 | 167.9 |
| Amortization of intangibles | 17.1 | 22.8 | 34.1 | 45.9 |
| Impairment of goodwill | — | 231.2 | — | 231.2 |
| Loss on disposal of business | 15.3 | — | 24.4 | — |
| Selling, distribution and administration | 318.5 | 380.6 | 553.3 | 697.7 |
| Total costs and expenses | 783.2 | 1,398.6 | 1,424.3 | 2,381.7 |
| Operating profit (loss) | 212.1 | (188.6) | 328.3 | (170.7) |
| Non-operating expense (income): | ||||
| Interest expense | 43.0 | 46.6 | 81.5 | 92.9 |
| Interest income | (13.0) | (5.8) | (21.3) | (11.8) |
| Other (income) expense, net | (0.8) | (1.5) | 4.2 | (2.9) |
| Total non-operating expense, net | 29.2 | 39.3 | 64.4 | 78.2 |
| Earnings (loss) before income taxes | 182.9 | (227.9) | 263.9 | (248.9) |
| Income tax expense | 44.4 | 7.0 | 66.3 | 7.7 |
| Net earnings (loss) | 138.5 | (234.9) | 197.6 | (256.6) |
| Net earnings attributable to noncontrolling interests | — | 0.1 | 0.9 | 0.5 |
| Net earnings (loss) attributable to Hasbro, Inc. | $138.5 | $(235.0) | $196.7 | $(257.1) |
| Net earnings (loss) per common share: | ||||
| Basic | $0.99 | $(1.69) | $1.41 | $(1.85) |
| Diluted | $0.99 | $(1.69) | $1.41 | $(1.85) |
| Cash dividends declared per common share | $0.70 | $0.70 | $1.40 | $1.40 |
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