Pro Forma Combined. (Assuming As of and for the six months ended June 30, 2020 FVAC (Historical) MPMO (Historical) SNR (Historical) (in actuals) (Assuming No Redemption) Maximum Redemption) Book Value per share (1) . . . . . . . . . . . . . $ 0.12 $(80,863.00) $ 0.99 $ 5.08 $ 3.58 Weighted average shares outstanding of FVAC Class A common stock – basic and diluted . . . . . . . . . . . . . . . . . . . . . 34,500,000 147,331,543 112,831,543 Weighted average shares outstanding of FVAC Class F common stock—basic and diluted . . . . . . . . . . . . . . . . . . . . . 8,625,000 — — Weighted average common units outstanding of MPMO and SNR – basic and diluted . . . . . . . . . . . . . . . . . 1,000 6,914,555 Net income (loss) per share of FVAC Class A common stock – basic and diluted . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ (0.45) $ (0.59) Net income (loss) per share of FVAC Class F common stock – basic and diluted . . . . . . . . . . . . . . . . . . . . . . . . . $ (0.04) $ — $ — Net income (loss) per common unit of MPMO and SNR – basic and diluted . . . . . . . . . . . . . . . . . . . . . . . . . $(60,566.00) $ 0.13
Pro Forma Combined. Assuming As of and for the nine months ended September 30, 2020 Novus (Historical) AppHarvest, Inc. (Historical) Assuming No Maximum Redemptions Redemptions Book Value (Stockholders’ Deficit) per share(1) . . . . . $ 1.71 $ (1.15) $ 5.07 $ 4.54 Weighted average shares outstanding of common stock – basic and diluted . . . . . . . . . . . . . . . . . . . 2,921,484 9,706,677 98,935,950 89,375,152 Net loss per share of common stock – basic and diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (0.07) $ (0.84) $ (0.08) $ (0.09) The following table sets forth: CAPITALIZATION THE SPECIAL MEETING OF NOVUS’S STOCKHOLDERS The Novus Special Meeting • the cash and capitalization of Novus and AppHarvest on a historical basis as of September 30, 2020, and • the cash and capitalization of the Combined Company on a pro forma basis as of September 30, 2020, after giving effect to (i) the merger of AppHarvest with and into Merger Sub pursuant to the Business Combination Agreement, (ii) the issuance of 45,564,894 shares of Novus Common Stock, excluding options, to AppHarvest’s stockholders in the Business Combination, (iii) the issuance and sale of 37,500,000 shares of Novus Common Stock in the PIPE and (iv) 3,221,053 shares of Novus Common Stock to the holders of Company Interim Period Convertible Notes and assuming (a) that no shares of Novus Common Stock are redeemed and (b) that 9,560,798 shares of Novus Common Stock are redeemed. Please refer to the historical unaudited financial statements of Novus and AppHarvest and the related notes included elsewhere in this proxy statement/prospectus, as well as the section titled “Unaudited Pro Forma Condensed Combined Financial Information.” Pro Forma Combined Company Maximum Novus is furnishing this proxy statement/prospectus to you as part of the solicitation of proxies by its board of directors for use at the special meeting stockholders to be held on January 29, 2021, and at any adjournment or postponement thereof. This proxy statement/prospectus is first being furnished to Novus’s stockholders on or about January 11, 2021. This proxy statement/prospectus provides you with information you need to know to be able to vote or instruct your vote to be cast at the special meeting of stockholders.
Pro Forma Combined. (Thousands of Dollars, Except Unit and Per Unit Data) Net income attributable to NuStar Energy $ 147,964 $ (3,885) $ 144,079 Less: Distributions to general partner (including incentive distribution rights) 54,921 (54,921) — Less: Distributions to common limited partners 407,681 58,687 466,368 Less: Distributions for preferred limited partners 40,448 — 40,448 Less: Distribution equivalent rights to restricted units 2,965 228 3,193 Distributions in excess of earnings $ (358,051) $ (7,879) $ (365,930) Net income attributable to general partner: Distributions to general partner $ 54,921 $ (54,921) $ — Allocation of distributions in excess of earnings (7,161) 7,161 — Total $ 47,760 $ (47,760) $ — Net income attributable to common units: Distributions to common limited partners $ 407,681 $ 58,687 $ 466,368 Allocation of distributions in excess of earnings (350,890) (15,040) (365,930) Total $ 56,791 $ 43,647 $ 100,438 Basic and diluted weighted-average common units outstanding 88,825,964 13,408,836 102,234,800 Basic and diluted net income per common unit (1) $ 0.64 $ 0.34 $ 0.98 Table of Contents NUSTAR ENERGY L.P. AND SUBSIDIARIES NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED
Pro Forma Combined. Earnings Per Unit/Share: Basic $ 0.63 $ 1.09 Diluted 0.63 1.08
Pro Forma Combined. Accounts means the pro forma accounts of the Group Companies and the Premium Juice Business as per 28 December 2019 as specified in the "FY19" columns in the attached Schedule 19 (Locked Box Accounts and Pro Forma Combined Accounts) hereto;
Pro Forma Combined. Total revenue........... $70,578 ------- Operating expense: Hardware and other items purchased for resale.............. 13,984 Selling, general and administrative...... 41,928 Research and development......... 4,188 Depreciation and amortization........ 6,280 Restructuring and other charges....... 2,469 Merger costs.......... 659 Compensatory stock awards.............. 478 ------- Total operating expense........... 69,986 ------- Operating income (loss)................ 592 Interest and other expense, net.......... 2,215 ------- Loss before income taxes and extraordinary item.................. (1,623) Provision (benefit) for income taxes..........
Pro Forma Combined. Corporate For the First Quarter of 2017 Income from operations $ (53) $ (80) $ — $ — $ (133) For the Second Quarter of 2017 Income from operations (39) (86) (7) — (132) For the Third Quarter of 2017 Income from operations (58) (52) 9 2 (99) For the Fourth Quarter of 2017 Income from operations (30) (61) — — (91) Year to Date for 2017 Income from operations (180) (279) 2 2 (455) For the First Quarter of 2018 Income from operations (74) (95) (3) 52 (120) For the Second Quarter of 2018 Income from operations (104) (61) (2) 53 (114) 1. Refer to Summary of Reclassifications on page 14.
Pro Forma Combined. ASSETS Current Assets: Cash and cash equivalents $ 1,102 $ — $ 1,102 Accounts receivable, net 64,587 — 64,587 Fair value of commodity derivatives 72,590 — 72,590 Other current assets 3,935 — 3,935 Total Current Assets 142,214 — 142,214 Property and Equipment: Property and equipment, full cost method, including $26,344 of unproved property costs not being amortized at the end of the period 2,756,694 673,018 (a) 3,429,712 Less – Accumulated depreciation, depletion, amortization & impairment (1,097,935) — (1,097,935) Property and Equipment, Net 1,658,759 673,018 2,331,777 Right of Use Assets 9,435 200 (a) 9,635 Fair Value of Long-Term Commodity Derivatives 21,903 — 21,903 Other Long-Term Assets 8,159 — 8,159 Total Assets $ 1,840,470 $ 673,218 $ 2,513,688 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: Accounts payable and accrued liabilities $ 60,143 $ — $ 60,143 Fair value of commodity derivatives 9,711 — 9,711 Accrued capital costs 44,047 — 44,047 Accrued interest 2,755 — 2,755 Current lease liability 5,966 59 (a) 6,025 Undistributed oil and gas revenues 18,463 — 18,463 Deferred acquisition payment — 50,000 (a) 50,000 Total Current Liabilities 141,085 50,059 191,144 Long-Term Debt, Net 722,904 599,805 (a) 1,322,709 Non-Current Lease Liability 3,571 141 (a) 3,712 Deferred Tax Liabilities 50,073 — 50,073 Asset Retirement Obligations 9,619 634 (a) 10,253 Fair Value of Long-Term Commodity Derivatives 2,032 22,579 (a) 24,611 Other Long-Term Liabilities 541 — 541 Stockholders' Equity: Preferred stock — — — Common stock 231 — 231 Additional paid-in capital 578,817 — 578,817 Treasury stock, held at cost (10,600) — (10,600) Retained earnings 342,197 — 342,197 Total Stockholders’ Equity 910,645 — 910,645 Total Liabilities and Stockholders’ Equity $ 1,840,470 $ 673,218 $ 2,513,688 See accompanying notes to unaudited pro forma condensed combined financial information. SilverBow Resources, Inc. and Subsidiary Pro Forma Condensed Combined Statement of Operations For Six Months Ended June 30, 2023 (Unaudited) (in thousands, except per share amounts) SilverBow Historical Chesapeake Historical Chesapeake Reclassification Adjustments (Note 2) Transaction Accounting Adjustments (Note 2) Pro Forma Combined Revenues: Oil and gas sales $ 266,354 $ 179,224 $ — $ — $ 445,578 Operating Expenses: Direct Operating Expenses — 80,418 (80,418) (b) — — General and administrative, net 12,982 — — — 12,982 Depreciation, depletion, and amortization 93,850 — — 40,319 (d) 134,169 Acc...
Pro Forma Combined. (In millions) ASSETS Current assets: Cash and cash equivalents $ 233.8 $ 220.9 $ (190.4 ) a $ 264.3 Short-term investments — 8.5 8.5 Restricted cash 3.8 3.9 7.7 Accounts receivable, net 59.9 45.0 104.9 Income taxes receivable — 2.7 $ (2.7 ) — Prepaid and current assets 19.8 11.4 2.7 33.9 Deferred taxes 65.5 2.1 67.6 Total current assets 382.8 294.5 — (190.4 ) 486.9 Property and equipment, net 1,083.7 56.9 1,070.8 1.4 b 2,208.4 (4.4 ) b Satellites — 1,070.8 (1,070.8 ) — Goodwill 8.7 67.9 350.9 c 427.5 Intangible assets — 8.1 45.3 d 53.4 Aerial image library, net 17.3 — 17.3 Long-term restricted cash 6.9 3.9 10.8 Long-term deferred contract costs 37.6 — 37.6 Other assets 12.0 11.1 (10.3 ) e 12.8 Total assets $ 1,549.0 $ 1,513.2 $ — $ 192.5 $ 3,254.7 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 5.5 $ 63.3 $ (59.1 ) $ 9.7 Accrued interest 0.2 — 24.6 $ (24.8 ) e — Current notes payable 5.0 — (0.9 ) e 4.1 Other accrued liabilities 42.9 — 34.5 51.2 f 128.6 Current portion of deferred revenue 41.7 67.3 (53.1 ) g 55.9 Total current liabilities 95.3 130.6 — (27.6 ) 198.3 Long-term accrued liabilities 2.4 7.9 (7.8 ) h 2.5 Deferred revenue 377.7 220.8 (120.7 ) g 477.8 Long-term debt, net 479.4 513.4 20.0 e 1,012.8 Long-term deferred tax liability 75.5 89.7 47.1 i 212.3 Total liabilities 1,030.3 962.4 — (89.0 ) 1,903.7 Stockholders’ equity: Preferred stock — — — Common stock 0.2 0.2 (0.2 ) j 0.2 Treasury stock (2.0 ) — (2.0 ) Additional paid in capital 540.2 386.3 (386.3 ) j 1,413.1 872.9 k Retained earnings (accumulated deficit) (19.7 ) 164.3 (164.3 ) j (60.3 ) (12.3 ) e (28.3 ) f Total stockholders’ equity 518.7 550.8 — 281.5 1,351.0 Total liabilities and stockholders’ equity $ 1,549.0 $ 1,513.2 $ — $ 192.5 $ 3,254.7 See accompanying Notes to Unaudited Pro Forma Condensed Combined Financial Statements, which are an integral part of these statements. UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2012 DigitalGlobe GeoEye Reclassifications (See Note 3) Pro Forma Adjustments (See Note 6) Pro Forma Combined (In millions, except per share data) Revenue $ 296.0 $ 264.8 $ (21.5 ) l $ 539.3 Costs and expenses: Cost of revenue, excluding depreciation and amortization 59.5 92.0 $ (4.2 ) 147.3 Xxxxxxx, general and administrative 103.4 56.4 4.2 (19.7 ) m 144.3 Depreciation and amortization 86.5 53.4 3.9 n 143.8 Income from operations 46.6 63.0 — (5.7 ) 103.9 Other income (expense), net (1.1 )...
Pro Forma Combined. Historic Historic 2(a) ASSETS Cash and cash equivalents $ 1,034.3 $ 146.6 $ (120.5 ) (1)(4)(5)(7)(9) $ 1,060.4 Accounts receivable, net of allowances 504.7 1,068.3 — 1,573.0 Prepaid expenses 16.5 61.2 — 77.7 Deferred tax asset, current 1.6 — 22.5 (7)(11) 24.1 Income tax receivable — 57.6 — 57.6 Other current assets 10.3 165.5 (6.0 ) (8) 169.8 Total current assets 1,567.4 1,499.2 (104.0 ) 2,962.6 Property and equipment, net of accumulated depreciation 219.2 626.5 21.9 (3) 867.6 Goodwill 967.8 1,133.8 987.3 (2) 3,088.9 Identifiable intangible assets, net of accumulated amortization 343.0 410.9 736.4 (3) 1,490.3 Deferred tax asset, long-term — 74.6 (27.4 ) (6)(7)(11) 47.2 Restricted cash 5.0 6.5 — 11.5 Other long-term assets 30.7 57.0 36.5 (4) 124.2 Total long-term assets 1,565.7 2,309.3 1,754.7 5,629.7 Total assets 3,133.1 3,808.5 1,650.7 8,592.3 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable 245.1 755.6 — 1,000.7 Accrued salaries and wages 46.1 229.3 — 275.4 Accrued expenses, other 98.4 161.8 (4.7 ) (1) 255.5 Current maturities of long-term debt 1.8 178.6 (65.4 ) (1) 115.0 Deferred tax liability, current — — 20.8 (11)(12) 20.8 Other current liabilities 7.0 136.0 73.7 (1)(10) 216.7 Total current liabilities 398.4 1,461.3 24.4 1,884.1 Senior notes due 2019 915.5 — — 915.5 Convertible senior notes 63.4 — — 63.4 Revolving credit facility and other long-term debt, net of current maturities 0.4 1,138.6 1,117.5 (1)(4) 2,256.5 Deferred tax liability, long-term 41.5 183.0 175.2 (3)(11)(13) 399.7 Employee benefit obligations — 111.0 — 111.0 Other long-term liabilities 35.5 85.4 (17.4 ) (1)(6) 103.5 Total long-term liabilities 1,056.3 1,518.0 1,275.3 3,849.6 Commitments and contingencies Stockholders’ equity: Series A convertible perpetual preferred stock 42.2 — — 42.2 Common stock 0.1 21.4 (20.1 ) (1)(5)(12) 1.4 Additional paid-in capital 1,870.6 20.7 1,220.3 (1)(5)(12) 3,111.6 Treasury stock — (4.7 ) 4.7 (12) — (Accumulated deficit) retained earnings (234.5 ) 696.7 (789.7 ) (9)(10)(12) (327.5 ) Accumulated other comprehensive income — 64.2 (64.2 ) (12) — Non-controlling interests — 30.9 — 30.9 Total stockholders’ equity 1,678.4 829.2 351.0 2,858.6 Total liabilities and stockholders’ equity $ 3,133.1 $ 3,808.5 $ 1,650.7 $ 8,592.3 See accompanying notes to the Unaudited Pro Forma Condensed Combined Financial Statements. XPO Logistics, Inc. Unaudited Pro Forma Condensed Combined Statement of Operations For the Three Months Ended March 31, 2015 (In millions, exce...
