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Exhibit 11
HASBRO, INC. AND SUBSIDIARIES
Computation of Earnings Per Share
(Thousands of Dollars and Shares Except Per Share Data)
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<Caption>
2003 2002 2001
----------------------- ----------------------- -----------------------
Basic Diluted Basic Diluted Basic Diluted
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Net earnings before
cumulative effect of
accounting change $ 175,015 175,015 75,058 75,058 60,798 60,798
========== ========== ========== ========== ========== ==========
Weighted average number
of shares outstanding:
Outstanding at
beginning of year 172,805 172,805 172,537 172,537 171,886 171,886
Exercise of stock
options and warrants:
Actual exercise
of options 943 943 183 183 245 245
Assumed exercise of
options and warrants - 4,736 - 768 - 887
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Total 173,748 178,484 172,720 173,488 172,131 173,018
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Per common share:
Net earnings before
cumulative effect of
accounting change $ 1.01 .98 .43 .43 .35 .35
========== ========== ========== ========== ========== ==========
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