Spreadsheet: 657b2e6f-7bb3-43c2-81da-e9f4aa391d69
Sheet: Stmts. of Cash Flows

 | HASBRO, INC. AND SUBSIDIARIES
 | Consolidated Statements of Cash Flows
 | Fiscal Years Ended in December
 | (Thousands of Dollars)
 |  |  | 2012 |  | 2011 |  | 2010
 | Cash flows from operating activities
 | Net earnings ……...………………………………………………………………………………………. |  | 335999 |  | 385367 |  | 397752
 | Adjustments to reconcile net earnings to net cash provided by operating activities:
 | Depreciation of plant and equipment …………………………………………….......................... |  | 99718 |  | 113821 |  | 95925
 | Amortization of intangibles…….…………………………………………………………………........ |  | 50569 |  | 46647 |  | 50405
 | Program production cost amortization……………………………………………………………….. |  | 41800 |  | 35798 |  | 22069
 | Deferred income taxes …………………………………………………………………………………. |  | -16086 |  | -2921 |  | 25172
 | Stock-based compensation……………………………….……………………………………………. |  | 19434 |  | 12463 |  | 33392
 | Changes in operating assets and liabilities:
 | Decrease (increase) in accounts receivable…………………………………………………………. |  | 28690 |  | -108845 |  | 71173
 | Decrease (increase) in inventories……………………………………………………………………. |  | 22546 |  | 17463 |  | -151634
 | Decrease (increase) in prepaid expenses and other current assets………………………………. |  | 6529 |  | -85076 |  | 15904
 | Program production costs……………………………………………………………………………… |  | -59277 |  | -80983 |  | -52047
 | (Decrease) increase in accounts payable and accrued liabilities………………………………….. |  | -22362 |  | 75589 |  | -129531
 | Other, including long-term advances ………………………………………………………………….. |  | 27236 |  | -13254 |  | -10599
 | Net cash provided by operating activities …………………………………………………………. |  | 534796 |  | 396069 |  | 367981
 | Cash flows from investing activities
 | Additions to property, plant and equipment ……………………………………………………………. |  | -112091 |  | -99402 |  | -112597
 | Investments and acquisitions, net of cash acquired ………………………………………………….. |  | 0 |  | -11585 |  | 0
 | Other investing activities………...……………………………………………………………………….. |  | 5919 |  | 3372 |  | 8409
 | Net cash utilized by investing activities ……………………………………………………………. |  | -106172 |  | -107615 |  | -104188
 | Cash flows from financing activities
 | Net proceeds from borrowings with original maturities of more than three months………………… |  | 0 |  | 0 |  | 492528
 | Repayments of borrowings with original maturities of more than three months .......................... |  | 0 |  | 0 |  | -186
 | Net proceeds (repayments) of other short-term borrowings …………...…………………………….. |  | 43106 |  | 167339 |  | -381
 | Purchases of common stock……………………………. ……………………………………………… |  | -98005 |  | -423008 |  | -639563
 | Stock option transactions ……………………………………………………………………………….. |  | 54963 |  | 29798 |  | 93522
 | Excess tax benefits from stock-based compensation...………………………………………………. |  | 14477 |  | 9657 |  | 22517
 | Dividends paid …………………………………………………………………………………………….. |  | -225464 |  | -154028 |  | -133048
 | Other financing activities…..…………………………………………………………………………….. |  | -8456 |  | -5443 |  | -5984
 | Net cash utilized by financing activities ……………………………………………….. |  | -219379 |  | -375685 |  | -170595
 | Effect of exchange rate changes on cash ………………………………………………………………… |  | -1232 |  | 1123 |  | -1447
 | Increase (decrease) in cash and cash equivalents |  | 208013 |  | -86108 |  | 91751
 | Cash and cash equivalents at beginning of year …………………………………………………………. |  | 641688 |  | 727796 |  | 636045
 | Cash and cash equivalents at end of year ……………………………………………………………….. |  | 849701 |  | 641688 |  | 727796
 | Supplemental information
 | Interest paid ……………………………………………………………………………………………….. |  | 93957 |  | 91045 |  | 72927
 | Income taxes paid ………..………………………………………………………………………………. |  | 110544 |  | 78104 |  | 93995
See accompanying notes to consolidated financial statements.