Pro Forma

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Pro Forma

As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts.

The phrase pro forma, in an appealable decree or judgment, usually means that the decision was rendered not on a conviction that it was right, but merely to facilitate further proceedings.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

pro forma

1) prep. Latin for "as a matter of form," the phrase refers to court rulings merely intended to facilitate the legal process (to move matters along). 2) n. an accountant's proposed financial statement for a business based on the assumption that certain events occurred, such as a 20% increase in annual sales or 6% inflation.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
* What are some of the possible motivations behind pro forma reporting?
* 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).
Pro forma 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 earnings.
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].
Pro forma 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.