What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Hasbro (HAS) spend its free cash flow?

For TTM through Q2 2026, Hasbro generated $1.29B of operating cash flow and $1.21B of free cash flow — a free cash flow margin of 94.2% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Hasbro (HAS) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Hasbro's shareholder returns for TTM through Q2 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Hasbro (HAS) Cash Flow Waterfall

Operating CF

$1.29B

Capex

-$74.6M

Free Cash Flow

$1.21B

FCF Margin

+94.2%

Cash flow waterfall for Hasbro (HAS) — TTM through Q2 2026

Free cash flow: $1.21B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Hasbro (HAS) — TTM through Q2 2026

Line item	Amount	Running total
Operating Cash Flow	$1.29B	$1.29B
Capital Expenditure	-$74.6M	$1.21B
Free Cash Flow	$1.21B	$1.21B
Other Investing	-$645M	$568M
Share Buybacks	-$41.5M	$527M
Dividends Paid	-$394M	$133M
Net Debt Change	$218M	$351M
Other Financing & FX	-$17.6M	$334M
Net Cash Increase	$334M	$334M

Operating Cash Flow$1.29B
Capital Expenditure-$74.6M
Free Cash Flow$1.21B
Other Investing-$645M
Share Buybacks-$41.5M
Dividends Paid-$394M
Net Debt Change$218M
Other Financing & FX-$17.6M
Net Cash Increase$334M

Want to see what drove the FCF change?Free Cash Flow Bridge

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