Hasbro 2011 Annual Report Download - page 34

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On April 19, 2010, the Company announced that its Board of Directors authorized the repurchase of up to
$625 million in common stock. This authorization was fully utilized during the second quarter of 2011.
On May 19, 2011, the Company announced that its Board of Directors authorized the repurchase of an
additional $500 million in common stock. Purchases of the Company’s common stock may be made from time to
time, subject to market conditions. These shares may be repurchased in the open market or through privately
negotiated transactions. The Company has no obligation to repurchase shares under the authorization, and the
timing, actual number, and value of the shares that are repurchased, if any, will depend on a number of factors,
including the price of the Company’s stock. The Company may suspend or discontinue the program at any time
and there is no expiration date.
Item 6. Selected Financial Data.
(Thousands of dollars and shares except per share data and ratios)
Fiscal Year
2011 2010 2009 2008 2007
Statement of Operations Data:
Net revenues ........................... $4,285,589 4,002,161 4,067,947 4,021,520 3,837,557
Net earnings ............................ $ 385,367 397,752 374,930 306,766 333,003
Per Common Share Data:
Net Earnings
Basic ............................... $ 2.88 2.86 2.69 2.18 2.13
Diluted .............................. $ 2.82 2.74 2.48 2.00 1.97
Cash dividends declared .................. $ 1.20 1.00 0.80 0.80 0.64
Balance Sheet Data:
Total assets ............................ $4,130,774 4,093,226 3,896,892 3,168,797 3,237,063
Total long-term debt ..................... $1,400,872 1,397,681 1,131,998 709,723 845,071
Ratio of Earnings to Fixed Charges(1) ......... 5.64 6.28 7.96 8.15 10.86
Weighted Average Number of Common Shares:
Basic ................................. 133,823 139,079 139,487 140,877 156,054
Diluted ................................ 136,697 145,670 152,780 155,230 171,205
(1) For purposes of calculating the ratio of earnings to fixed charges, fixed charges include interest expense and
one-third of rentals; earnings available for fixed charges represent earnings before fixed charges and income
taxes.
See “Forward-Looking Information and Risk Factors That May Affect Future Results” contained in Item 1A
of this report for a discussion of risks and uncertainties that may affect future results. Also see
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained in
Item 7 of this report for a discussion of factors affecting the comparability of information contained in this
Item 6.
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