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): February 6, 2006
-------------------------
HASBRO, INC.
--------------------
(Exact name of registrant as specified in its charter)
RHODE ISLAND 1-6682 05-0155090
-------------- ------------ -------------------
(State of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
1027 NEWPORT AVE., PAWTUCKET, RHODE ISLAND 02862
------------------------------------------ -------------------
(Address of Principal Executive Offices) (Zip Code)
(401) 431-8697
-------------------------------
(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 February 6, 2006, we announced our financial results for the
fiscal quarter and fiscal year ended December 25, 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 and
the Company's net earnings excluding the impact of the tax expense
associated with the Company's repatriation of foreign earnings
under the American Jobs Creation Act of 2004. Management believes
that the presentation of International segment net revenues
excluding the impact of exchange rates is helpful to an investor's
understanding of the segment's underlying business performance
absent currency fluctuations which are beyond the Company's
control. Management believes that the presentation of net earnings
excluding the tax expense associated with the repatriation of
foreign earnings under the American Jobs Creation Act of 2004
provides a more accurate understanding of the Company's financial
performance as it eliminates a tax charge associated with a
nonrecurring event.
As used herein, "GAAP" refers to accounting principles generally
accepted in the United States.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
99 Press Release, dated February 6, 2006, 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.
------------
(Registrant)
Date: February 6, 2006 By: /s/ David D.R. Hargreaves
--------------------------
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 February 6, 2006
Exhibit Index
Exhibit
No. Exhibits
------- --------
99 Press Release, dated February 6, 2006, of Hasbro, Inc.