Which filings include pro forma financial information

A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com

We continue our video podcast miniseries focused on SEC reporting, helping you stay current on the evolving SEC landscape while taking a “back to basics” look at key reporting areas.

In today’s episode, we discuss pro forma financial information. We break down when and why pro formas are required under SEC rules, and we discuss key considerations on preparation and presentation; we also share common pitfalls. Whether you’re dealing with an acquisition, divestiture, or capital raise, this episode brings you key insights to help you navigate the requirements for pro forma financial information. 

In this episode, we discuss: 

• 1:40 – Types of transactions that typically require SEC pro forma financial information 
• 7:02 – “Significance” and when it triggers pro forma reporting requirements 
• 10:22 – Types of filings in which pro forma financial information may be included 
• 11:52 – Pro forma financial information reporting requirements
  • 12:18 – Reporting periods required 
  • 15:30 – Form and content of reporting 
  • 24:10 – Types of pro forma adjustments (i.e., transaction accounting, autonomous entity adjustment, management adjustment) 
  • 36:06 – Prohibitions on the presentation of pro forma financial information 
  • 38:25 – Other reminders, including treatment of multiple transactions and tax effects 

In case you missed it – check out the other episodes in this video podcast miniseries: 

• Inside SEC reporting: Capital formation  
• Inside SEC reporting: Acquisitions and divestitures 

Be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter for the latest thought leadership.

About our guest 

Scott Feely is a partner in PwC’s National Office. He has over 30 years of experience supporting clients as they address the SEC and financial reporting implications of their capital markets and merger and acquisition-related activities. 

About our guest host 

Kyle Moffatt is PwC’s Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. 

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.