HASBRO INC
For the period ended Dec 29, 2024. Filed Feb 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
HAS$121.82+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net earnings (loss) | $394.4 | $(1,487.8) | $203.0 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation of property, plant and equipment | 94.7 | 127.7 | 127.3 |
| Loss on disposal of business | 37.4 | 539.0 | 22.1 |
| Impairment of goodwill | — | 1,191.2 | — |
| Impairment of intangibles and production assets | — | 116.0 | 281.0 |
| Loss on Discovery Family Channel investment | 78.2 | — | — |
| Inventory obsolescence | 22.4 | 91.2 | 45.2 |
| Amortization of intangible assets | 68.3 | 83.0 | 105.3 |
| Program cost amortization | 49.3 | 448.9 | 555.5 |
| Deferred income taxes | (20.6) | (243.5) | (130.1) |
| Stock-based compensation | 50.8 | 72.4 | 83.4 |
| Other non-cash items | 13.0 | (6.1) | 3.2 |
| Changes in operating assets and liabilities, net of acquired and disposed balances: | |||
| Decrease in accounts receivable | 77.3 | 15.5 | 339.6 |
| Decrease (increase) in inventories | 22.1 | 257.1 | (184.7) |
| Decrease in prepaid expenses and other current assets | 58.9 | 34.7 | 17.0 |
| Program production costs | (25.3) | (408.0) | (767.7) |
| Decrease in accounts payable and accrued liabilities | (78.8) | (109.7) | (278.7) |
| Change in net deemed repatriation tax | (45.9) | (34.4) | (18.4) |
| Other | 51.2 | 38.4 | (30.1) |
| Net cash provided by operating activities | 847.4 | 725.6 | 372.9 |
| Cash flows from investing activities | |||
| Additions to property, plant and equipment | (87.2) | (135.5) | (128.2) |
| Additions to software development | (110.3) | (73.8) | (46.0) |
| Acquisitions, net of cash acquired | — | — | (146.3) |
| Net (settlement) proceeds from sale of business, net of cash transferred | (12.0) | 329.6 | — |
| Purchase of investments | (571.0) | — | — |
| Maturity of investments | 583.0 | — | — |
| Other | (6.2) | (2.7) | 7.5 |
| Net cash (utilized) provided by investing activities | (203.7) | 117.6 | (313.0) |
| Cash flows from financing activities | |||
| Proceeds from borrowings | 498.6 | 2.6 | 3.8 |
| Repayments of borrowings | (581.3) | (359.6) | (206.0) |
| Net (repayments) proceeds of other short-term borrowings | — | (41.6) | 141.7 |
| Purchases of common stock | — | — | (125.0) |
| Stock-based compensation transactions | 7.6 | — | 74.2 |
| Dividends paid | (389.9) | (388.0) | (385.3) |
| Payments related to tax withholding for share-based compensation | (14.4) | (16.8) | (24.0) |
| Payment of financing costs | (5.3) | — | — |
| Other | (12.8) | (14.7) | (32.7) |
| Net cash utilized by financing activities | (497.5) | (818.1) | (553.3) |
| Effect of exchange rate changes on cash | 3.4 | 7.2 | (12.7) |
| Increase (decrease) in cash, cash equivalents and restricted cash | 149.6 | 32.3 | (506.1) |
| Cash, cash equivalents and restricted cash at beginning of year | 545.4 | 513.1 | 1,019.2 |
| Cash, cash equivalents and restricted cash at end of year | $695.0 | $545.4 | $513.1 |
| Supplemental information | |||
| Interest paid | $162.2 | $179.0 | $161.7 |
| Income taxes paid | $92.7 | $119.8 | $177.2 |
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