-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Vs0MDRp55Fc8HbPsYsINzX9A1bnXvrJhDM/FJzab8sk3HHmqmhW4L1tQOjHKI4dF SvpZyk/VbHJpHgE8LxI+Rg== 0000046080-97-000002.txt : 19970225 0000046080-97-000002.hdr.sgml : 19970225 ACCESSION NUMBER: 0000046080-97-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970206 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970206 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: HASBRO INC CENTRAL INDEX KEY: 0000046080 STANDARD INDUSTRIAL CLASSIFICATION: GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944] IRS NUMBER: 050155090 STATE OF INCORPORATION: RI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06682 FILM NUMBER: 97519345 BUSINESS ADDRESS: STREET 1: 1027 NEWPORT AVE STREET 2: P O BOX 1059 CITY: PAWTUCKET STATE: RI ZIP: 02861 BUSINESS PHONE: 4014318697 FORMER COMPANY: FORMER CONFORMED NAME: HASBRO BRADLEY INC DATE OF NAME CHANGE: 19850814 FORMER COMPANY: FORMER CONFORMED NAME: HASBRO INDUSTRIES INC DATE OF NAME CHANGE: 19840917 FORMER COMPANY: FORMER CONFORMED NAME: HASSENFELD BROTHERS INC DATE OF NAME CHANGE: 19720615 8-K 1 8-K DOCUMENT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): February 6, 1997 ------------------------- HASBRO, INC. -------------------- (Name of Registrant) RHODE ISLAND 1-6682 05-0155090 - -------------- ------------ ------------------- (State of (Commission (IRS Employer Incorporation) File Number) Identification No.) 1027 NEWPORT AVE., PAWTUCKET, RHODE ISLAND 02861 - ------------------------------------------ ------------------- (Address of Principal Executive Offices) (Zip Code) (401) 431-8697 ------------------------------- (Registrant's Telephone Number) Item 5. Other Events The February 6, 1997 Press Release of the Registrant attached hereto as EXHIBIT 99 is incorporated herein by reference. Item 7. Financial Statements and Exhibits 99 Press Release, dated February 6, 1997, of Hasbro, Inc. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. HASBRO, INC. ------------ (Registrant) Date: February 6, 1997 By:\s\John T. O'Neill ----------------------- John T. O'Neill Executive Vice President and Chief Financial Officer (Duly Authorized Officer and Principal Financial Officer) HASBRO, INC. Current Report on Form 8-K Dated February 6, 1997 Exhibit Index Exhibit No. Exhibits - ------- -------- 99 Press Release dated February 6, 1997 EX-99 2 EXHIBIT 99 EXHIBIT 99 For Immediate Release Contact: John T. O'Neill February 6, 1997 Telephone: 401-727-5600 HASBRO, INC. ANNOUNCES RECORD RESULTS FOR FOURTH QUARTER 1996 Pawtucket, RI (February 6, 1997) -- Hasbro, Inc. (HAS:ASE) today reported fourth quarter revenues of $1,106,928,000, up 8% from $1,023,688,000 in the fourth quarter of 1995. Net earnings for the quarter increased to $99,092,000 or $1.13 per share, a growth of approximately 16% from the 1995 level of $85,209,000, or $.97 per share. For the full year, revenues totaled $3.002 billion, an increase of 5% when compared with $2.858 billion in 1995. Net earnings for the year were $199,912,000, or $2.27 per share, up 15% from the $1.98 per share, or $174,729,000 a year ago, absent the impact of the 1995 second quarter $31,100,000 pretax charge related to a discontinued development project. The reported 1995 full year earnings were $155,571,000, or $1.76 per share. "I am very pleased to announce these quarterly results which represent not only fourth quarter records but records for any quarter in the Company's history." said Alan G. Hassenfeld, Chairman and Chief Executive Officer. "In spite of what has been described as a lackluster Christmas by the retail trade, our products performed well. Fourth quarter revenues from products sold into the United States increased by double digits - up more than 14% from those of a year ago - although revenues from those sold into the international markets were up only marginally. Products contributing to our overall growth included both the traditional and CD-ROM versions of Monopoly(R), Clue(R) and Battleship(R),as well as products such as Puzz 3- D(TM), Baby Go Bye Bye(TM) and our full Star Wars(TM) range." He continued, "We are proud to deliver, for our shareholders, 15% earnings per share growth for the year, even after the negative impact of costs associated with an unsolicited business combination and the closure of a manufacturing facility." Mr. Hassenfeld concluded, "What a difference a year makes. Hasbro is stronger than ever; our senior management team is deeper and more focused; our brands are vibrant and growing, and our organization is evolving into the global marketing entity which was only a vision at this time a year ago. All this, coupled with products which will tie to a trio of blockbuster theatrical movie releases in 1997, the `Star Wars' trilogy, Steven Spielberg's `Jurassic Park - The Lost World' and the newest Batman saga, `Batman and Robin', creates much enthusiasm as we begin 1997." # # # (Tables Attached) HASBRO, INC. CONSOLIDATED STATEMENTS OF EARNINGS (Thousands of Dollars and Shares Except Per Share Data) Quarter Ended Year Ended (1) -------------------- -------------------- Dec. 29, Dec. 31, Dec. 29, Dec. 31, 1996 1995 1996 1995 --------- --------- --------- --------- Net Revenues $1,106,928 $1,023,688 $3,002,370 $2,858,210 Cost of Sales 484,669 429,688 1,328,897 1,237,197 --------- --------- --------- --------- Gross Profit 622,259 594,000 1,673,473 1,621,013 Amortization 10,319 9,785 40,064 38 471 Royalties, Research and Development 114,787 109,217 319,494 304,704 Discontinued Development Project - - - 31,100 Advertising 165,110 155,952 418,003 417,886 Selling, Distribution and Administration 166,430 172,495 563,645 555,280 --------- ------- --------- --------- Operating Profit 165,613 146,551 332,267 273,572 Interest Expense 11,787 13,449 31,465 37,588 Other (Income), Net 119 (5,038) (6,091) (16,566) --------- --------- --------- --------- Earnings Before Income Taxes 153,707 138,140 306,893 252,550 Income Taxes 54,615 52,931 106,981 96,979 --------- --------- --------- --------- Net Earnings $ 99,092 $ 85,209 $ 199,912 $ 155,571 ========= ========= ========= ========= Per Common Share(2) Net Earnings $ 1.13 $ .97 $ 2.27 $ 1.76 ========= ========= ========= ========= Cash Dividends Declared $ .10 $ .08 $ .40 $ .32 ========= ========= ========= ========= Weighted Average Number of Shares 87,710 88,141 87,904 88,253 ========= ========= ========= ========= (1) - 1996 consists of 52 weeks; 1995, 53 weeks. (2) - Primary and fully diluted data are not shown separately as they are substantially the same. HASBRO, INC. CONSOLIDATED CONDENSED BALANCE SHEETS (Thousands of Dollars) Dec. 29, Dec. 31, 1996 1995 --------- --------- Assets Cash and Temporary Investments $ 218,971 $ 161,030 Accounts Receivable, Net 807,149 791,111 Inventories 273,247 315,620 Other 187,222 157,737 --------- --------- Total Current Assets 1,486,589 1,425,498 Property, Plant and Equipment, Net 313,545 313,240 Other Assets 901,375 877,650 --------- --------- Total Assets $2,701,509 $2,616,388 ========= ========= Liabilities and Shareholders' Equity Short-term Borrowings $ 120,736 $ 119,987 Payables and Accrued Liablities 710,082 749,877 --------- --------- Total Current Liabilities 830,818 869,864 Long-term Debt 149,382 149,991 Deferred Liabilities 69,263 70,921 --------- --------- Total Liabilities 1,049,463 1,090,776 Total Shareholders' Equity 1,652,046 1,525,612 --------- --------- Total Liabilities and Shareholders' Equity $2,701,509 $2,616,388 ========= ========= -----END PRIVACY-ENHANCED MESSAGE-----