Hasbro 2009 Annual Report Download - page 55

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HASBRO, INC. AND SUBSIDIARIES
Consolidated Statements of Operations
Fiscal Years Ended in December
(Thousands of Dollars Except Per Share Data)
2009 2008 2007
Net revenues ........................................... $4,067,947 4,021,520 3,837,557
Cost of sales ........................................... 1,676,336 1,692,728 1,576,621
Gross profit....................................... 2,391,611 2,328,792 2,260,936
Expenses
Amortization ......................................... 85,029 78,265 67,716
Royalties ............................................ 330,651 312,986 316,807
Research and product development ......................... 181,195 191,424 167,194
Advertising .......................................... 412,580 454,612 434,742
Selling, distribution and administration ...................... 793,558 797,209 755,127
Total expenses ...................................... 1,803,013 1,834,496 1,741,586
Operating profit ................................... 588,598 494,296 519,350
Nonoperating (income) expense
Interest expense ....................................... 61,603 47,143 34,618
Interest income ........................................ (2,858) (17,654) (29,973)
Other (income) expense, net .............................. 156 23,752 52,323
Total nonoperating expense, net.......................... 58,901 53,241 56,968
Earnings before income taxes ......................... 529,697 441,055 462,382
Income taxes ........................................... 154,767 134,289 129,379
Net earnings ...................................... $ 374,930 306,766 333,003
Per common share
Net earnings
Basic ............................................. $ 2.69 2.18 2.13
Diluted ............................................ $ 2.48 2.00 1.97
Cash dividends declared ................................. $ 0.80 0.80 0.64
See accompanying notes to consolidated financial statements.
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