Hasbro 2013 Annual Report Download - page 39

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On May 19, 2011, the Company announced that its Board of Directors authorized the repurchase of $500
million in common stock. Additionally, on August 1, 2013, 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
2013 2012 2011 2010 2009
Consolidated Statements of Operations Data:
Net revenues .............................. $4,082,157 4,088,983 4,285,589 4,002,161 4,067,947
Net earnings ............................... $ 283,928 335,999 385,367 397,752 374,930
Net loss attributable to noncontrolling interests . . . $ (2,270) ————
Net earnings attributable to Hasbro, Inc. ........ $ 286,198 335,999 385,367 397,752 374,930
Per Common Share Data:
Net Earnings Attributable to Hasbro, Inc.
Basic .................................. $ 2.20 2.58 2.88 2.86 2.69
Diluted ................................. $ 2.17 2.55 2.82 2.74 2.48
Cash dividends declared ..................... $ 1.60 1.44 1.20 1.00 0.80
Consolidated Balance Sheets Data:
Total assets ............................... $4,402,267 4,325,387 4,130,774 4,093,226 3,896,892
Total long-term debt(1) ...................... $1,388,285 1,396,421 1,400,872 1,397,681 1,131,998
Ratio of Earnings to Fixed Charges(2) ............ 3.94 5.31 5.71 6.38 7.91
Weighted Average Number of Common Shares:
Basic .................................... 130,186 130,067 133,823 139,079 139,487
Diluted ................................... 131,788 131,926 136,697 145,670 152,780
(1) Includes amounts reported as current portion of long-term debt.
(2) 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 income taxes, less the
Company’s share of earnings (losses) from equity investees plus fixed charges.
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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