Pro forma financial statements

Pro forma financial statements

A firm's financial statements as adjusted to reflect a projected or planned transaction. "What-if" analysis.

Pro Forma Financial Statement

A financial statement that a company prepares to consider the effects of a potential activity. For example, if a company is considering acquiring another, it may prepare a pro forma financial statement to estimate what effect the acquisition would have on its own financial circumstances. A pro forma financial statement can be part of the risk analysis of a situation. See also: Due diligence.
References in periodicals archive ?
On May 2, 2017, Sherwin-Williams filed a Current Report on Form 8-K containing unaudited 2016 pro forma financial statements reflecting the acquisition of Valspar.
DowDuPont today filed historical unaudited pro forma financial statements that give effect to the Merger Transaction, provide quarterly pro forma financial information aligned to DowDuPonts new reportable segments and incorporate reporting practices that provide additional visibility into the underlying performance of the Company.
MetLife expects to file pro forma financial statements on Form 8-K with the US Securities and Exchange Commission in connection with the spin-off.
We do not recommend reliance on pro forma financial statements without careful evaluation of the basis and size of changes.
A well-designed set of Pro Forma Financial Statements summarizes the information throughout your budget for managers, bankers, directors, and others making financial decisions regarding your business.
Had Lyondell owned 100 percent of the refinery for the first six months of 2006, and had the new crude oil contract been in place, the company's unaudited pro forma financial statements indicate that pro forma net income would have increased from $450 million to $640 million, or $1.
Accordingly, thought must be given as to how the executives can provide the relevant certifications, particularly in the acquirer's first post-closing SEC periodic report (a current report on Form 8-K, even one with target or pro forma financial statements, need not be certified).
Given the above, serious investment analyses, including the creation of realistic sales development plans and pro forma financial statements, are essential prerequisites for investment decisions.
Traditional pro forma financial statements were commonly used to show the results of some assumed event primarily to ensure amounts from the prior period could be compared to current period amounts.
The Board has also considered recent financial statements, including pro forma financial statements and other available information, and the condition of the U.
The CPA should be sure to make a list for the insurance adjuster of all the assumptions he or she made in preparing the pro forma financial statements, along with the justification for those adjustments.
No adjustment of past years or pro forma financial statements is required.