HASBRO, INC. — Earnings Release 2005

Apr 18, 2005

8-K 1 f0418058k.htm FORM 8-K DATED APRIL 18, 2005 html PUBLIC "-//IETF//DTD HTML//EN" SECURITIES AND EXCHANGE COMMISSION

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): April 18, 2005

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HASBRO, INC.

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(Exact name of registrant as specified in its charter)

RHODE ISLAND 1-6682 05-0155090

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(State of (Commission (IRS Employer

Incorporation) File Number) Identification No.)

1027 NEWPORT AVE., PAWTUCKET, RHODE ISLAND 02862

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(Address of Principal Executive Offices) (Zip Code)

(401) 431-8697

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(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act

(17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act

(17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the

Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the

Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

On April 18, 2005, we announced our financial results for the

fiscal quarter ended March 27, 2005, and certain other

information. The press release, which has been attached

as Exhibit 99, discloses a financial measure, Earnings

before Interest, Taxes, Depreciation and Amortization

("EBITDA"), that is considered a non-GAAP financial measure as

defined under SEC rules. Generally, a non-GAAP financial measure

is a numerical measure of a company's performance, financial

position, or cash flows that either excludes or includes amounts

that are not normally excluded or included in the most directly

comparable measure calculated and presented in accordance with

generally accepted accounting principles. Management believes

that EBITDA is one of the appropriate measures for evaluating

our operating performance, because it reflects the resources

available for strategic opportunities including, among others,

to invest in the business, strengthen the balance sheet and make

strategic acquisitions. However, this measure should be

considered in addition to, and not as a substitute for, or

superior to, net earnings or other measures of financial

performance prepared in accordance with generally accepted

accounting principles as more fully discussed in our financial

statements and filings with the SEC. The EBITDA measures

included in our press release have been reconciled to the

most directly comparable GAAP measures as is required under SEC

rules regarding the use of non-GAAP financial measures.

This press release also includes the Company’s International

segment net revenues excluding the impact of exchange rates.

Management believes that the presentation of International

segment net revenues minus the impact of exchange rate changes

provides information that is helpful to an investor’s

understanding of the segment’s underlying business performance

absent exchange rate fluctuations which are beyond the Company’s

control.

As used herein, "GAAP" refers to accounting principles generally

accepted in the United States of America.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits

99 Press Release, dated April 18, 2005, of Hasbro, Inc.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the

Registrant has duly caused this report to be signed on its behalf by the

undersigned hereunto duly authorized.

HASBRO, INC.

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(Registrant)

Date: April 18, 2005 By: /s/ David D.R. Hargreaves

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David D. R. Hargreaves

Senior Vice President and

Chief Financial Officer

(Duly Authorized Officer and

Principal Financial Officer)

HASBRO, INC.

Current Report on Form 8-K

Dated April 18, 2005

Exhibit Index

Exhibit

No. Exhibits

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99 Press Release, dated April 18, 2005, of Hasbro, Inc.