Pro Forma Information. The following unaudited pro forma consolidated condensed statement of income for the nine months ended September 30, 2000 presents the consolidated results of Xxxxxxx Lifesciences assuming that the transactions contemplated by the Distribution had been completed as of January 1, 2000. The unaudited pro forma information has been prepared utilizing the historical consolidated condensed financial statements of Xxxxxxx Lifesciences. XXXXXXX LIFESCIENCES CORPORATION NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (CONTINUED) SEPTEMBER 30, 2000 (UNAUDITED)
Pro Forma Information. No later than thirty (30) days before the end of each fiscal year of Guarantor ending prior to the Maturity Date, projected balance sheets, operating statements, profit and loss projections and cash flow budgets of Guarantor on a consolidated basis for each quarter of the next succeeding fiscal year, all itemized in reasonable detail.
Pro Forma Information. On the date hereof and at such Closing Date, the Representatives shall have received a letter from Deloitte & Touche LLP, dated, respectively, as of the date of this Agreement and as of such Closing Date addressed to the Representatives and in form and substance reasonably satisfactory to the Representatives and the Representatives’ Counsel, stating that nothing caused them to believe that the unaudited pro forma information of the Company included in the Registration Statement does not comply as to form with the applicable accounting requirements of Rule 11-02 of Regulation S-X promulgated under the Securities Act or that the pro forma adjustments have not been applied properly to the historical amounts in the compilation of such statements.
Pro Forma Information. The accompanying unaudited pro forma consolidated balance sheet of Time Warner as of December 31, 2008 is presented as if the Separation had occurred on December 31, 2008. The accompanying unaudited pro forma consolidated statements of operations of Time Warner for the years ended December 31, 2008, 2007 and 2006 are presented as if the Separation had occurred on January 1, 2006. The unaudited pro forma consolidated financial information is presented based on information available, is intended for informational purposes only, is not necessarily indicative of and does not purport to represent what Time Warner’s future financial condition or operating results will be after giving effect to the Separation and does not reflect actions that may be undertaken by management after the Separation. Additionally, this information does not reflect certain financial and operating benefits Time Warner expects to realize as a result of the Separation including any income related to the receipt by Time Warner of its portion of the Special Dividend. In December 2008, Time Warner (as lender) and TWC (as borrower) entered into a credit agreement for a two-year $1.535 billion senior unsecured supplemental term loan facility (the “Supplemental Credit Agreement”) under which TWC may borrow only to repay amounts outstanding at the final maturity of TWC’s 2008 term loan bridge facility, if any. The accompanying unaudited pro forma information does not reflect any effect of the Supplemental Credit Agreement. In connection with the Separation, and as provided for in the Company’s equity plans, the number of stock options, restricted stock units (“RSUs”) and target performance stock units (“PSUs”) outstanding at the separation date and the exercise prices of such stock options will be adjusted to maintain the fair value of these awards. The changes in the number of equity awards and the exercise prices will be determined by comparing the fair value of such awards immediately prior to the Separation to the fair value of such awards immediately after the Separation. The modifications to the outstanding equity awards will be made pursuant to existing antidilution provisions in the Company’s equity plans and such modifications will not result in any additional compensation expense. In addition, all such awards will be further adjusted for the effect of the Company’s 1-for-3 reverse stock split. Time Warner’s independent registered public accounting firm has not examined, reviewed, compi...
Pro Forma Information. The Company applies the intrinsic value method in accounting for its equity- based compensation plan. Had compensation cost for the Company's equity-based compensation plans been determined consistent with the fair value approach set forth in SFAS No. 123, "Accounting for Stock-Based Compensation," the Company's net loss would have been as follows: Year Ended December 31, ------------------------------- 1998 1997 1996 --------- --------- --------- (In thousands, except per share data) Net loss as reported....................... $ (19,743) $ (18,589) $ (10,288)
Pro Forma Information. The Lenders shall have received an unaudited pro forma balance sheet as of the end of the most recent fiscal quarter provided pursuant to clause (i) or (ii) of paragraph (b) above and pro forma consolidated income statements of the Borrower and its subsidiaries (after giving effect to the Transactions) for each of (i) the most recent fiscal year for which audited consolidated financial statements are provided pursuant to clause (e)(i) above and (ii) the interim period, if any, since the date of such audited financial statements through the most recent quarterly unaudited consolidated financial statements provided pursuant to this clause (e)(ii) above and the corresponding interim period of the precedent fiscal year (if any), in each case, presented in all material respects in accordance with Article 11 of Regulation S-X; provided that the Lenders acknowledge that they have received such unaudited pro-forma financial statements for the fiscal year ended December 31, 2016.
Pro Forma Information. The company uses the following pro forma disclosures as it believes that this information is relevant to the mining industry. Total cash costs per ounce are calculated by dividing total cash costs, as determined using the Gold Institute Industry Standard, by gold ounces produced for all periods presented. Total cash costs, as defined in the Gold Institute Industry Standard, include mine production, transport and refinery costs, general and administrative costs, movement in production inventories and ore stockpile, transfers to and from deferred stripping and royalties. Total cash cost per ounce should not be considered by investors as an alternative to operating profit or net profit attributable to shareholders, as an alternative to other IFRS or US GAAP measures or an indicator of the company's performance. The company believes that total cash cost per ounce is a useful indicator to investors and management of a mining company's performance as it provides an indication of a company's profitability and efficiency, the trends in costs as the company's operations mature, a measure of a company's gross margin per ounce, by comparison of total cash cost per ounce to the spot price of gold, and a benchmark of performance to allow for comparison against other companies. Cash operating costs are defined as total cash costs excluding royalties. Total cash operating costs per ounce are calculated by dividing cash operating costs by gold ounces produced for all periods presented. Profit from mining activity is calculated by subtracting total cash costs from gold sales revenue for all periods presented. Profit from operations is calculated by subtracting depreciation and amortisation charges and exploration and corporate expenditure from profit from mining activity. RECONCILIATION TO US GAAP The quarterly interim condensed financial statements presented here have been prepared in accordance with International Financial Reporting Standards (IFRS), which differ in certain significant respects from Generally Accepted Accounting Principles in the United States (US GAAP). The effect of applying US GAAP to net income and shareholders' equity is set out below.
Pro Forma Information. The accompanying unaudited pro forma consolidated statement of operations of the Company for the year ended December 31, 2021, are presented as if the Transaction had occurred on January 1, 2021. The accompanying unaudited pro forma consolidated statement of operations of the Company for the six months ended June 30, 2022 is presented as if the Transaction had occurred on January 1, 2022. The unaudited consolidated balance sheet of the Company as of June 30, 2022 is presented as if the Transaction had occurred on June 30, 2022. The pro forma adjustments related to the Transaction do not reflect the final purchase price or final asset and liability balances of the Business. Accordingly, the pro forma adjustments are preliminary and have been made solely for the purpose of providing unaudited pro forma consolidated financial information. The unaudited pro forma financial information is not necessarily indicative of the results of operations or financial position that might have been achieved for the dates or periods indicated, nor is it necessarily indicative of the results of operations or financial position that may occur in the future. The historical consolidated financial information has been adjusted in the unaudited pro forma financial information to give effect to pro forma events that are (1) directly attributable to the disposal, (2) factually supportable, and (3) with respect to the statements of operations, expected to have a continuing impact on the combined results. The pro forma information does not reflect several changes the Company expects to realize after the Transaction because the changes are not certain. The following is a brief description of the amounts recorded under each of the column headings in the unaudited pro forma consolidated statements of operations and consolidated balance sheet: KVH Industries, Inc. This column reflects the Company’s audited operating results for the year ended December 31, 2021, and the unaudited operating results and financial condition as of and for the six months ended June 30, 2022 prior to any adjustment for the Transaction. As of June 30, 2022, the Company had determined that the Business had not met the held for sale criteria, as prescribed in ASC 000-00-00.
Pro Forma Information. The pro forma financial information of the Offerors included in the Memorandum giving effect to the acquisition by the Company of Bank of Stocxxxxx xxx the Hemet Branch presents fairly in all material respects the information shown therein, has been compiled on a basis consistent with that of the consolidated financial statements of the Offerors and Bank of Stocxxxxx xxxluded in the Memorandum, the assumptions used in the preparation thereof are reasonable and comply as to form in all material respects with the applicable accounting requirements of Article 11 of Regulation S-X under the Securities Act.
Pro Forma Information. 6.6.1 Proposed Statement of Working Capital.............................. 6.5.1
