BFC Financial Statements definition

BFC Financial Statements means the audited Consolidated Statements of Financial Condition, Consolidated Statements of Operations, Consolidated Statements of Comprehensive Income, Consolidated Statements of Shareholders’ Equity and Consolidated Statements of Cash Flows of BFC, and the related notes thereto, for each of BFC’s fiscal years ended on December 31, 2003, 2004 and 2005, and the unaudited Consolidated Statements of Financial Condition, Consolidated Statements of Operations, Consolidated Statements of Comprehensive Income, Consolidated Statements of Shareholders’ Equity and Consolidated Statements of Cash Flows of BFC, and the related notes thereto, for the nine-month period ended September 30, 2006, as each of which is included in the BFC SEC Reports.

BFC Financial Statements means the Consolidated Statements of Financial Condition of BFC as of December 31, 2011 and 2012, the audited Consolidated Statements of Operations, Consolidated Statements of Comprehensive Income (Loss), Consolidated Statements of Changes in Equity and Consolidated Statements of Cash Flows of BFC for the years ended December 31, 2010, 2011 and 2012, and the related notes thereto, in each case adjusted to reflect BFC’s interest in BBX Capital and Woodbridge on a non-consolidated basis.

BFC Financial Statements means (i) the consolidated balance sheets (including related notes and schedules, if any) of BFC as of June 30, 1995, and as of December 31, 1994 and 1993, and the related statements of income, changes in shareholders' equity, and cash flows (including related notes and schedules, if any) for the six months ended June 30, 1995, and for each of the three fiscal years ended December 31, 1994, 1993 and 1992, as filed by BFC in SEC Documents, and (ii) the consolidated balance sheets of BFC (including related notes and schedules, if any) and related statements of income, changes in shareholders' equity, and cash flows (including related notes and schedules, if any) included in SEC Documents filed with respect to periods ended subsequent to June 30, 1995.

Examples of BFC Financial Statements in a sentence

• All investment securities held by BFC or its Subsidiaries, as reflected in the BFC Financial Statements, are carried in accordance with GAAP.

• BFC or its applicable Subsidiary has good, valid and marketable title to all securities held by it, except securities sold under repurchase agreements or held in any fiduciary or agency capacity, free and clear of any Lien, except as set forth in the BFC Financial Statements and except to the extent any such securities are pledged in the ordinary course of business to secure obligations of BFC or its applicable Subsidiary.

• The BFC Financial Statements as of and for the fiscal years ended December 31, 2017 and 2016 are accompanied by the audit report of Mxxx Axxxx, LLP.

• No BFC Company is a party to or has agreed to enter into an exchange-traded or over-the-counter swap, forward, future, option, cap, floor or collar financial contract, or any other interest rate or foreign currency protection contract not included on the BFC Financial Statements which is a financial derivative contract (including various combinations thereof).

• As of the date of this Agreement, there is no audit examination, deficiency, or refund Litigation with respect to any Taxes that is reasonably likely to result in a determination that would have, individually or in the aggregate, a Material Adverse Effect on BFC, except as reserved against in the BFC Financial Statements delivered prior to the date of this Agreement.

• The BFC Financial Statements fairly present in all material respects, the financial condition of BFC as of the respective dates set forth therein, and the consolidated results of operations, changes in shareholders’ equity and cash flows (if applicable) of BFC for the respective periods or as of the respective dates set forth therein.

• Except as disclosed in Section 5.8 of the BFC Disclosure Memorandum or as disclosed or reserved against in the BFC Financial Statements delivered prior to the date of this Agreement, the BFC Companies have good and marketable title, free and clear of all Liens, to all of their respective material Assets.

More Definitions of BFC Financial Statements

BFC Financial Statements means (i) the audited consolidated statements of financial condition (including related notes and schedules, if any) of BFC as of December 31, 2017 and 2016 and the consolidated statements of operations and comprehensive income, shareholders’ equity and cash flows (including related notes and schedules, if any) of BFC for each of the two years ended December 31, 2017 and 2016, (ii) the unaudited consolidated statements of financial condition (including related notes and schedules, if any) of BFC as of March 31, 2018 and the unaudited consolidated statements of operations and comprehensive income and shareholders’ equity (including related notes and schedules, if any) of BFC for the three months ended March 31, 2018, and (iii) the consolidated statements of financial condition of BFC (including related notes and schedules, if any) and the consolidated statements of operations and comprehensive income and shareholders’ equity (including related notes and schedules, if any) of BFC with respect to the monthly, quarterly and annual periods ending subsequent to March 31, 2018.

BFC Financial Statements means (a) the audited Consolidated Statements of Financial Condition of BFC as of December 31, 2015 and 2014, (b) the audited Consolidated Statements of Operations and Comprehensive Income, Consolidated Statements of Changes in Equity and Consolidated Statements of Cash Flows of BFC for the years ended December 31, 2015, 2014 and 2013, (c) the unaudited Condensed Consolidated Statements of Financial Condition of BFC as of March 31, 2016 and December 31, 2015, and (d) the unaudited Condensed Consolidated Statements of Operations and Comprehensive Income, Condensed Consolidated Statements of Changes in Equity and Condensed Consolidated Statements of Cash Flows of BFC for the three months ended March 31, 2016 and 2015, in each case, as included in the BFC SEC Reports and including the related notes thereto.