financial information should be labeled as such to distinguish it from historical financial information.
Financial Executives International (FEI) and the National Investor Relations Institute (NIRI), both important players in the financial markets, have recently issued guidance to help ensure the appropriate reporting of pro forma
information must enhance the understanding and ability of investors to utilize current performance measures to more effectively predict future performance while providing a clear roadmap to GAAP-based measures.
In the interim, the investor institute, a national association of corporate officers and investor relations consultants, issued its own guidelines last spring that say companies should reconcile the pro forma
numbers with the GAAP numbers.
As a result of the Gemstar acquisition, the Company's management now evaluates and makes operating decisions about its business operations primarily based upon Adjusted Pro Forma
Revenue, Adjusted Pro Forma
EBITDA and Adjusted Pro Forma
Earnings Per Share.
The pro forma
broadcasting revenue statistics include results for KTVD-TV in Denver (acquired in late June 2006 and operated as a duopoly with KUSA-TV) and WATL-TV in Atlanta (acquired in August 2006 and operated as a duopoly with WXIA-TV).
Condensed Pro Forma
Statement of Income (in thousands, except per share data) Three Months Ended December 31, 1995 1994 Pro forma
revenue $ 7,602 $ 6,583 Pro forma
net income $ 644 $ 459 Pro forma
net income per share $ 0.
We define pro forma
non-GAAP operating income as operating income as reported under GAAP less charges for share-based compensation, incremental cost of sales related to the fair value inventory adjustment, amortization of intangible assets acquired, in-process R&D and restructuring.
The Company is reporting pro forma
earnings and pro forma
earnings per share for the three and nine months ended September 30, 1993, which reflect adjustments to earnings that would have occurred if the Company's initial public offering and the related corporate reorganization, which were consummated in November 1993, had occurred on January 1, 1993.
03 per pro forma
share, after taxes) related to the distribution of Leslie Building Products common stock.
The business objectives are forward looking and contain forward looking statements and are pro forma
as the results have not occurred.
The improved results versus pro forma
quantify the good work of these teams.