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Hasbro HAS Entertainment, Licensing and Digital — Measurement period adjustments

Discontinued — last reported Q4 '20

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Other financials

Income statement

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Revenue$1.0B+12.7%
Gross profit$764.1M+11.9%
Operating income$270.3M+58.3%
Net income$198.4M+101%
EPS (diluted)$1.39+98.6%

Balance sheet

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Cash & equivalents$857.1M+38.0%
Total debt$3.9B+15.3%
Total assets$5.9B-1.8%

Cash flow

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Operating cash flow$337.7M+145%
CapEx$22.2M+60.9%
Free cash flow$315.5M+154%

Valuation

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Market cap$11.99B+53.5%
Enterprise value$15.01B+43.0%
P/S2.5×+0.7×

Profitability

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Gross margin72.4%+0.1pp
Operating margin2.3%-15.2pp
Net margin-12%-1.9pp
FCF margin21.2%+4.1pp

Returns & leverage

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Return on equity21.9%
Debt / equity1.4×
Current ratio1.7×0.0×

Where this comes from

Reported directly by Hasbro in its filing.

Tagged under the XBRL concept us-gaap:GoodwillPurchaseAccountingAdjustments.

The official record: Hasbro’s 10-K, filed February 24, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does entertainment, licensing and digital — measurement period adjustments mean?
Changes made to the initial valuation of assets acquired in the Entertainment, Licensing, and Digital segment during the measurement period.
How do you interpret entertainment, licensing and digital — measurement period adjustments?
Significant adjustments may indicate initial valuation inaccuracies or changes in the assessment of acquired asset quality.
How does entertainment, licensing and digital — measurement period adjustments compare across companies?
Standard accounting adjustment reported by companies following recent acquisitions.