Hasbro (HAS) 10-K Summary — Year Ended Dec 31, 2023
Hasbro reported a decline in revenue and an operating loss for the most recent period, though cash flow from operations remained positive. The company completed the sale of its eOne Film and TV business near the end of the period, which affected its financing arrangements.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Hasbro reported a decline in revenue and an operating loss for the most recent period, though cash flow from operations remained positive. The company completed the sale of its eOne Film and TV business near the end of the period, which affected its financing arrangements.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$5B
Revenue reported for the fiscal year.
Operating income
-$1.5B
Income from operations reported for the year.
Net income
-$1.5B
Net income reported for the year.
Operating cash flow
$725.6M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 26, 2021 | $6.4B | n/a |
| Dec 25, 2022 | $5.9B | -8.8% |
| Dec 31, 2023 | $5B | -14.6% |
Business overview
The filing describes Hasbro's business in Item 1, but the supplied data does not include the full text. Based on the liquidity discussion, the company has an entertainment segment that produces film and television content, and it also operates other segments not detailed in the provided context.
Financial performance
Revenue decreased compared to the prior year, and the company reported an operating loss and a net loss. Cash flow from operations was positive for the period.
Material risks
The filing lists risk factors in Item 1A, but the supplied data does not include their content. Therefore, no specific material risks can be identified from the provided context.
Liquidity and capital
The company has historically generated significant cash from operations. In the most recent period, it funded operations through cash on hand, cash flows, commercial paper, and borrowings under lines of credit. Production financing for the entertainment segment was assumed by Lionsgate after the sale of eOne Film and TV.
What to watch
Monitor the impact of the sale of the eOne Film and TV business on future revenue and cash flow from operations.