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LSDefine

Simple English definitions for legal terms

pro forma earnings

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A quick definition of pro forma earnings:

Pro forma earnings are a way of calculating a company's income that doesn't follow the usual rules. It includes some income and leaves out some expenses, which can make the company look better than it really is. This is not a reliable way to measure a company's success. Other types of earnings include gross earnings (income before expenses), net earnings (income after expenses), and retained earnings (income that the company keeps instead of paying out as dividends).

A more thorough explanation:

Definition: Pro forma earnings are a type of business income that is calculated by including certain income items and excluding various business expenses. This calculation is done in violation of generally accepted accounting principles and is often used to artificially inflate a company's price-earnings ratio.

Examples:

  • Operating earnings: This is a type of pro forma earnings that is calculated by excluding certain expenses, such as interest and taxes, from a company's income statement. This can make a company's earnings look better than they actually are.
  • Pretax earnings: This is another type of pro forma earnings that is calculated by subtracting income taxes from a company's net earnings. This can make a company's earnings look higher than they actually are.

These examples illustrate how pro forma earnings can be used to manipulate a company's financial statements and make its earnings look better than they actually are. This can be misleading to investors and can lead to inflated stock prices.

pro forma amendment | pro forma session

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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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