Hasbro 2015 Annual Report Download - page 109

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HASBRO, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
(Thousands of Dollars and Shares Except Per Share Data)
expenses related to these assets to the individual operating segments are done at the beginning of the year
based on budgeted amounts. Any differences between actual and budgeted amounts are reflected in Corporate
and eliminations. Furthermore, Corporate and eliminations includes elimination of inter-company income
statement transactions. One such example includes licensing and service arrangements with affiliates.
Payments received in advance from affiliates are recognized as revenue and eliminated in consolidation as
earned and payment becomes assured over the life of the contract. During 2015 and 2014, affiliate licensing
and service fees of $265,595 and $541,036, respectively, that were received in 2014 and 2013, respectively,
were recognized as revenue and eliminated in consolidation. Corporate and eliminations also includes the
elimination of inter-company balance sheet amounts.
The following table represents consolidated International segment net revenues by major geographic region
for the three fiscal years ended December 27, 2015.
2015 2014 2013
Europe ........................................... $1,236,846 1,258,078 1,190,350
Latin America ..................................... 426,109 463,512 407,710
Asia Pacific ....................................... 308,920 301,407 274,920
Net revenues ...................................... $1,971,875 2,022,997 1,872,980
The following table presents consolidated net revenues by classes of principal products for the three fiscal
years ended December 27, 2015.
2015 2014 2013
Boys ............................................. $1,775,917 1,483,952 1,237,611
Games ........................................... 1,276,532 1,259,782 1,311,205
Girls ............................................. 798,240 1,022,633 1,001,704
Preschool ......................................... 596,820 510,840 531,637
Net revenues ...................................... $4,447,509 4,277,207 4,082,157
Information as to Hasbro’s operations in different geographical areas is presented below on the basis the
Company uses to manage its business. Net revenues are categorized based on location of the customer, while
long-lived assets (property, plant and equipment, goodwill and other intangibles) are categorized based on their
location.
2015 2014 2013
Net revenues
United States .................................... $2,278,613 2,040,476 1,960,477
International .................................... 2,168,896 2,236,731 2,121,680
$4,447,509 4,277,207 4,082,157
Long-lived assets
United States .................................... $ 932,790 977,035 1,021,063
International .................................... 178,239 178,420 185,520
$1,111,029 1,155,455 1,206,583
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