* What are some of the possible motivations behind pro forma
* Net sales increased 18 percent to $12.6 billion versus pro forma
net sales in the year-ago period, with double-digit gains in all segments and in all regions.
The Unaudited Pro Forma
Financial Information reflects the application of pro forma
adjustments that are preliminary, and which are based upon available information and certain assumptions, described in the accompanying notes to the Unaudited Pro Forma
Financial Information below and, that management believes are reasonable under the circumstances.
Market participants do not respond mechanically to the pro forma
earnings disclosure (Young, 2014).
net sales grew 3.4% to 16.04 billion euros (about $17.66 billion), or 1.8% at constant currency rates.
Within Regulation G, the SEC maintains several requirements for publicly traded firms regarding the disclosure of pro forma
Like the background budgets, the Pro Forma
Financial Statements can be updated quickly and easily from year to year and from situation to situation if you use an Excel-based budget.
ACN's Q1 pro forma
adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) was $2.8 million, down 14.9%.
Total mail-order sales grew 7% to $4.3 billion from a pro forma
$4.02 billion in the fiscal 2006 quarter, while retail revenues at the PBM climbed 16.6% to $7.22 billion.
AirTran believes a merger would generate in excess of $60 million in annual synergies and approximately $3 billion in pro forma
revenue next year.
The division's 2005 pro forma
revenues were around 200 million [pounds sterling].
net loss for the first quarter of 2006 was $1.0 million, or $0.01 per diluted share, as is described below under "Reconciliation of GAAP to Pro Forma
Net Income (Loss)." At March 31, 2006, MGI PHARMA's cash and marketable debt investments totaled $109.5 million.