HASBRO, INC.
For the period ended Dec 28, 2025. Filed Feb 25, 2026.
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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.
FY2025 · Filed Feb 25, 2026
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
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net (loss) earnings | $(318.2) | $394.4 | $(1,487.8) |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation of property, plant and equipment | 69.5 | 94.7 | 127.7 |
| Loss on disposal of business | 25.0 | 37.4 | 539.0 |
| Impairment of goodwill | 1,021.9 | — | 1,191.2 |
| Impairment of intangibles and production assets | — | — | 116.0 |
| Loss on Discovery Family Channel investment | — | 78.2 | — |
| Inventory obsolescence | 49.3 | 22.4 | 91.2 |
| Amortization of intangible assets | 66.0 | 68.3 | 83.0 |
| Program cost amortization | 35.8 | 49.3 | 448.9 |
| Deferred income taxes | 158.3 | (20.6) | (243.5) |
| Share-based compensation | 80.4 | 50.8 | 72.4 |
| Other non-cash items | 25.5 | 13.0 | (6.1) |
| Changes in operating assets and liabilities, net of acquired and disposed balances: | |||
| Net change in accounts receivable | (150.2) | 77.3 | 15.5 |
| Net change in inventories | (25.4) | 22.1 | 257.1 |
| Net change in prepaid expenses and other current assets | (40.7) | 58.9 | 34.7 |
| Program production costs | (10.2) | (25.3) | (408.0) |
| Net change in accounts payable and accrued liabilities | (35.1) | (78.8) | (109.7) |
| Change in net deemed repatriation tax | (57.4) | (45.9) | (34.4) |
| Other | (1.3) | 51.2 | 38.4 |
| Net cash provided by operating activities | 893.2 | 847.4 | 725.6 |
| Cash flows from investing activities: | |||
| Additions to property, plant and equipment | (63.3) | (87.2) | (135.5) |
| Additions to software development | (135.0) | (110.3) | (73.8) |
| Net (settlement) proceeds from sale of business, net of cash transferred | — | (12.0) | 329.6 |
| Purchase of investments | (105.4) | (571.0) | — |
| Maturity of investments | — | 583.0 | — |
| Other | 19.3 | (6.2) | (2.7) |
| Net cash (utilized) provided by investing activities | (284.4) | (203.7) | 117.6 |
| Cash flows from financing activities: | |||
| Proceeds from borrowings | — | 498.6 | 2.6 |
| Repayments of borrowings | (118.2) | (581.3) | (359.6) |
| Net repayments of other short-term borrowings | — | — | (41.6) |
| Share-based compensation transactions | 9.6 | 7.6 | — |
| Dividends paid | (392.5) | (389.9) | (388.0) |
| Payments related to tax withholding for share-based compensation | (23.7) | (14.4) | (16.8) |
| Payment of financing costs | — | (5.3) | — |
| Other | (6.5) | (12.8) | (14.7) |
| Net cash utilized by financing activities | (531.3) | (497.5) | (818.1) |
| Effect of exchange rate changes on cash | 4.1 | 3.4 | 7.2 |
| Net increase in cash, cash equivalents and restricted cash | 81.6 | 149.6 | 32.3 |
| Cash, cash equivalents and restricted cash, beginning of year | 695.0 | 545.4 | 513.1 |
| Cash, cash equivalents and restricted cash, end of year | $776.6 | $695.0 | $545.4 |
| Supplemental information | |||
| Interest paid | $158.4 | $162.2 | $179.0 |
| Income taxes paid, net | $196.8 | $92.7 | $119.8 |
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