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Hasbro HAS Production Investment — Program cost amortization

Discontinued — last reported Q2 '21

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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 has:ProgramProductionCostAmortization.

The official record: Hasbro’s 10-Q, filed July 28, 2021, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hasbro's production investment — program cost amortization?
Hasbro (HAS) reported production investment — program cost amortization of $96.2M in Q2 2021.
What does production investment — program cost amortization mean?
The periodic expense recognized as the company writes off the production costs of its entertainment content over time.
How do you interpret production investment — program cost amortization?
An increase in amortization expense typically reflects higher levels of recent content production or a shift in the expected revenue realization period for media assets. A decrease may indicate lower investment in new content or a change in the estimated useful life of existing media properties.
How does production investment — program cost amortization compare across companies?
This metric is highly comparable to content amortization expenses reported by other media and entertainment companies, such as Disney or Mattel, which also capitalize and amortize production costs for film and television projects.