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LSDefine

Simple English definitions for legal terms

Pro forma

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A quick definition of Pro forma:

Pro forma: Pro forma means something that is done as a formality. In finance, pro forma refers to financial statements that are made before a transaction happens to show what the results of the transaction might be. For example, if a big business deal happens, companies might make pro forma financial statements to show what they think will happen after the deal.

A more thorough explanation:

Definition: Pro forma is a Latin term that means something is done as a formality. In securities law, pro forma refers to financial statements that are prepared in advance of a transaction and projects the anticipated results of the transaction.

For example, if a company is planning to merge with another company, they may prepare pro forma financial statements to show what the combined company's financials would look like. This helps investors and analysts understand the potential impact of the merger on the company's financials.

Another example of pro forma financial statements is when a company is going public through an initial public offering (IPO). The company may prepare pro forma financial statements to show what their financials would look like if they had been a public company in the past.

These examples illustrate how pro forma financial statements are used to project the financial impact of a transaction or event. They are important for investors and analysts to understand the potential risks and benefits of investing in a company.

Pro bono | pro per

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Dkk
11:09
Ahh childhood, what a sweet sexual time of discovery. Takes me back.
BulbasaurNoLikeCardio
11:09
Who knew firing thousands of rounds and being next to explosions was bad for our brains
11:09
It is almost like the people doing that used to die fast
11:10
Didnt plan on anyone living long enough lol
11:10
I long to die on a european battlefield
11:10
thats the true white mans burden
11:10
calm down mostly putin
babycat
11:10
yeah fuck gtown btw
LSDFan
11:10
they don't even kick doors. They put C4 in a dip can and tape it to the wall
11:10
I am sure they kick some doors but yes
11:11
@EvolBunny: im a uki
babycat
11:11
terrible admin
BulbasaurNoLikeCardio
11:11
@babycat: I wonder why gtown felt what they said was a good idea and how secure that individual felt in their job to believe there would be no backlash.
Dkk
11:11
please, tell me more about Europa: The Last Battle @MostlyLegal
11:11
nothing you dont already know
Dkk
11:12
Lmfao, damn out of messages again. Time to go sit in the hot tub.
11:12
@BulbasaurNoLikeCardio: honestly fuck these schools
11:12
The way they act is so cringe and gives mad ick
babycat
11:12
@BulbasaurNoLikeCardio: people are saying this has been a pattern with them
babycat
11:12
imagine being a religious school and not supporting mothers. practice what you preach!
11:12
Fuck dem hoes
11:13
Child bearing people*
11:13
i cant spell fuck dont correct me
11:15
Anywayyyyy, i think today i will withdraw all my apps
11:15
This lsat is not doing it
babycat
11:15
lol live ur truth
11:15
ASU at 154 is damn good
11:15
154 scholly
BulbasaurNoLikeCardio
11:15
It is shitty that was a pattern of behavior but I am glad someone is finally standing up for themselves. Like I can be a pretty rigid butthole guy when it comes to getting stuff but a complete lack of empathy or situational awareness shown by the school and their staff is mind blowing. When I was talking about it in the office they all thought I was lying cause it sounds so crazy.
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