Hasbro 2007 Annual Report Download - page 48

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HASBRO, INC. AND SUBSIDIARIES
Consolidated Statements of Operations
Fiscal Years Ended in December
(Thousands of Dollars Except Per Share Data)
2007 2006 2005
Net revenues ........................................... $3,837,557 3,151,481 3,087,627
Cost of sales ........................................... 1,576,621 1,303,885 1,286,271
Gross profit....................................... 2,260,936 1,847,596 1,801,356
Expenses
Amortization ......................................... 67,716 78,934 102,035
Royalties ............................................ 316,807 169,731 247,283
Research and product development ......................... 167,194 171,358 150,586
Advertising .......................................... 434,742 368,996 366,371
Selling, distribution and administration ...................... 755,127 682,214 624,560
Total expenses ...................................... 1,741,586 1,471,233 1,490,835
Operating profit ................................... 519,350 376,363 310,521
Nonoperating (income) expense
Interest expense ....................................... 34,618 27,521 30,537
Interest income ........................................ (29,973) (27,609) (24,157)
Other (income) expense, net .............................. 52,323 34,977 (6,772)
Total nonoperating (income) expense ...................... 56,968 34,889 (392)
Earnings before income taxes ......................... 462,382 341,474 310,913
Income taxes ........................................... 129,379 111,419 98,838
Net earnings ...................................... $ 333,003 230,055 212,075
Per common share
Net earnings
Basic ............................................. $ 2.13 1.38 1.19
Diluted ............................................ $ 1.97 1.29 1.09
Cash dividends declared ................................. $ 0.64 0.48 0.36
See accompanying notes to consolidated financial statements.
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