Hasbro 2013 Annual Report Download - page 8

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ANNUAL 2013 REPORT
On December 6, 2013, Hasbro’s volunteer spirit reached new levels when
employees from 35 countries spread joy to children in need through our first
ever Global Day of Joy. Employees volunteered with more than 100 charitable
organizations worldwide, many of which Hasbro works closely with during the year
through its philanthropic programs.
We are honored by the recognition we receive for our programs, including being
named on Ethisphere’s 2014 World’s Most Ethical Companies® list; ranking #7 on
Corporate Responsibility Magazine’s 2013 “100 Best Corporate Citizens” list; ranking
#2 in the Consumer Discretionary Industry on Bloomberg News’ “The Civic 50” list;
and again receiving an U.S. EPA’s “Climate Leadership Award” for Excellence in
Greenhouse Gas Management (Goal Setting).
Most rewarding, however, is the impact our actions have on our consumers,
our communities and the children’s lives we touch each and every year.
Creating a Revolution in Play
Hasbro is creating a branded play world with global brands, engaging storytelling, immersive
experiences and tremendous digital and analog innovation for consumers across all geographies. Through our focus on
Franchise and Partner Brands, we are a stronger company today and in a position of financial strength to continue
driving our brand innovation in 2014 and beyond.
Thank you for your continued support of our company as together we create a Revolution in Play.
1 Net earnings for the full-year 2013 were $286.2 million, or $2.17 per diluted share, versus $336.0 million, or $2.55 per diluted share, in 2012. 2013 net earnings include
pre-tax charges of $36.7 million associated with restructuring, $7.0 million of related pension costs, $61.1 million associated with the settlement of an adverse arbitration
award, $40.6 million of charges related to certain non-strategic brands as well as a $23.6 million favorable tax adjustment. 2013 operating profit margins as reported
were 11.4%. Excluding these items, 2013 net earnings were $372.4 million, or $2.83 per diluted share and operating profit margins were 14.6%. Net earnings for the full-
year 2012 were $336.0 million, or $2.55 per diluted share. 2012 operating profit margins as reported were 13.5%. Excluding pre-tax restructuring charges of $47.2 million,
or $0.26 per diluted share, 2012 net earnings were $370.8 million, or $2.81 per diluted share and operating profit margins were 14.7%.
2 Source: The NPD Group | U.S. Retail Tracking Service
3 Source: The NPD Group | Retail Tracking Service, Annual 2013 (U.S., Germany, Spain, U.K., France)
4 Source: The NPD Group | Retail Tracking Service, Annual 2013 (U.K., Germany, Spain, France, Italy combined)
Brian D. Goldner, President and Chief Executive Ocer Alfred J. Verrecchia, Chairman of the Board