Unaudited Pro Forma Condensed Combined Statement of Operations. For the Six Months Ended June 30, 2019 (In thousands, except per share amounts) OrthoPediatrics Corp. Vilex Companies Subtotal OrthoPediatrics Corp. Pro Forma Total OrthoPediatrics Corp. Historical Historical Pro Forma Pro Forma Preliminary Pro Forma Vilex Divestiture Pro Forma June 30, 2019 January 1 - March 31, 2019 April 1 - June 4, 2019 Financing Adjustments Acquisition Adjustments Combined Adjustments Combined Net revenue $ 32,856 $ 2,761 $ 1,749 $ — $ — $ 37,366 $ (2,574 ) $ 34,792 Cost of revenue 8,582 643 2 672 — — 9,897 (885 ) 9,012 Gross profit 24,274 2,118 1,077 — — 27,469 (1,689 ) 25,780 Operating expenses: Sales and marketing 14,153 769 554 — — 15,476 (982 ) 14,494 General and administrative 12,181 733 2 583 — (956 ) 4(a) 12,541 (1,154 ) 11,387 Research and development 2,447 20 2 71 — — 2,538 (24 ) 2,514 Total operating expenses 28,781 1,522 1,208 — (956 ) 30,555 (2,160 ) 28,395 Operating income (loss) (4,507 ) 596 (131 ) — 956 (3,086 ) 471 (2,615 ) Other expenses (income): Interest expense (income) 935 66 69 1,361 4(b) (135 ) 4(b) 2,296 — 2,296 Total other expenses (income) 972 66 69 1,361 (135 ) 2,333 — 2,333 Net income (loss) from continuing operations $ (5,479 ) $ 530 $ (200 ) $ (1,361 ) $ 1,091 $ (5,419 ) $ 471 $ (4,948 ) Net loss from discontinued operations $ (159 ) $ — $ — $ — $ — $ (159 ) $ — $ (159 ) Net income (loss) $ (5,638 ) $ 530 $ (200 ) $ (1,361 ) $ 1,091 $ (5,578 ) $ 471 $ (5,107 ) Net income (loss) attributable to common stockholders $ (5,638 ) $ 530 $ (200 ) $ (1,361 ) $ 1,091 $ (5,578 ) $ 471 $ (5,107 ) Weighted average common shares - basic and diluted 14,409,752 14,655,104 4(c) Net loss per share attributable to common stockholders - basic and diluted $ (0.39 ) $ (0.35 ) See accompanying notes to unaudited pro forma condensed combined financial information. OrthoPediatrics Corp. Unaudited Pro Forma Condensed Combined Statement of Operations For the Year Ended December 31, 2018 (In thousands, except per share amounts) OrthoPediatrics Corp. Vilex Companies Subtotal OrthoPediatrics Corp. Pro Forma Total OrthoPediatrics Corp. Historical Historical Pro Forma Pro Forma Preliminary Pro Forma Vilex Divestiture Pro Forma December 31, 2018 December 31, 2018 Financing Adjustments Acquisition Adjustments Combined Adjustments Combined Net revenue $ 57,559 $ 11,794 $ — $ — $ 69,353 $ (6,746 ) $ 62,607 Cost of revenue 14,879 2,368 2 — — 17,247 (905 ) 16,342 Gross profit 42,680 9,426 — — 52,106 (5,841 ) 46,265 Operating expenses: Sales ...
Unaudited Pro Forma Condensed Combined Statement of Operations. (l) Represents reclassifications to conform to our basis of presentation for our statement of operations, which have no effect on the net income of Cook Pharmica, and relate to:
Unaudited Pro Forma Condensed Combined Statement of Operations. We prepared the following unaudited pro forma condensed combined statement of operations based on the historical consolidated statement of operations of CareCloud, Inc. (“CareCloud”, formerly MTBC, Inc.) as adjusted to give effect to the following transaction (the “Transaction”): ● Our acquisition of Meridian Billing Management Co. and Origin Holdings, Inc. (collectively, “Meridian”), which consists of all of the assets and liabilities of Meridian with an effective date of June 16, 2020. The unaudited pro forma condensed combined statement of operations for the year ended December 31, 2020 gives effect to the Transaction as if it had occurred on January 1, 2020. We did not include the operating results for CareCloud Health, Inc., fka CareCloud Corporation, in the unaudited pro forma condensed combined statement of operations since such amounts are included in the CareCloud Inc. financial results for substantially the entire year. The pro forma condensed combined statement of operations includes adjustments for our acquisition under Article 11 of Regulation S-X. The results of the Transaction are shown for the period prior to their acquisition by XxxxXxxxx. We determined that the Transaction involved the acquisition of a business, and considering the guidance in Rule 11-01(d) of Regulation S-X, met the significance test of Rule 8-04 of Regulation S-X. We have based the pro forma adjustments upon available information and certain assumptions that we believe are reasonable under the circumstances. We describe in greater detail the assumptions underlying the pro forma adjustments in the accompanying notes, which you should read in conjunction with this unaudited pro forma condensed combined statement of operations. In many cases, we based these assumptions on estimates. The actual adjustments to our audited consolidated financial statements will depend upon a number of factors. Accordingly, the actual adjustments that will appear in our consolidated financial statements will differ from these pro forma adjustments, and those differences may be material. We account for our acquisition using the acquisition method of accounting for business combinations under generally accepted accounting principles used in the United States (“GAAP”), with CareCloud being considered the acquiring entity. Under the acquisition method of accounting, the total consideration paid is allocated to an acquired company’s tangible and intangible assets, net of liabilities, based on their...
Unaudited Pro Forma Condensed Combined Statement of Operations. The following adjustments were made in the preparation of the unaudited pro forma condensed combined statement of operations for the year ended December 31, 2022:
Unaudited Pro Forma Condensed Combined Statement of Operations. (1) The reclassification of $15,839,771 and $27,751,591 from processing and annuals fees to processing and service fees for the six months ended June 30, 2019 and the year ended December 31, 2018, respectively.
Unaudited Pro Forma Condensed Combined Statement of Operations. For the Three Months Ended March 31, 2017 (In thousands of U.S. Dollars, except per share data) Historical Spark Verde Companies Reclassification Acquisition Adjustments Spark Pro Forma Revenues: Retail revenues $ 194,539 $ 36,868 $ 115 (d) $ — $ 231,522 Net asset optimization (194 ) — — — (194 ) Total revenues 194,345 36,868 115 — 231,328 Operating expenses: Retail cost of revenues 143,698 — 25,791 (d) (13 ) (a) 169,476 Cost of energy sold — 25,984 (25,984 ) (d) — — Selling and service — 4,161 (4,161 ) (d) — — General and administrative 24,377 3,740 4,469 (d) — 32,586 Depreciation and amortization 9,232 806 — 1,106 (b) 11,144 Loss on disposal of asset — 5 (5 ) (d) — — Total operating expenses 177,307 34,696 110 1,093 213,206 Operating income (loss) 17,038 2,172 5 (1,093 ) 18,122 Other (expense)/income: Interest expense (3,445 ) (499 ) — (111 ) (f) (4,055 ) Interest and other income 199 18 (5 ) (d) — 212 Total other expenses (3,246 ) (481 ) (5 ) (111 ) (3,843 ) Income (loss) before income tax expense 13,792 1,691 — (1,204 ) 14,279 Income tax expense (benefit) 2,406 124 — (48 ) (c) 2,482 Net income (loss) 11,386 1,567 — (1,156 ) 11,797 Less: Net income (loss) attributable to non-controlling interests 9,117 — — 347 (e) 9,464 Net income (loss) attributable to Spark Energy, Inc. stockholders $ 2,269 $ 1,567 $ — $ (1,503 ) $ 2,333 Other comprehensive income (loss): — Currency translation loss (49 ) — — — (49 ) Comprehensive income (loss) 11,337 1,567 — (1,156 ) 11,748 Less: Comprehensive income attributable to non-controlling interests 9,086 — — 347 9,433 Comprehensive income attributable to Spark Energy, Inc. stockholders 2,251 1,567 — (1,503 ) 2,315 Net income attributable to Spark Energy, Inc. per share of Class A common stock Basic $ 0.16 N/A $ 0.17 Diluted $ 0.16 N/A $ 0.16 Weighted average shares of Class A common stock Basic 12,995 N/A 12,995 Diluted 13,266 N/A 13,266 Notes to unaudited pro forma condensed combined statement of operations for the three months ended March 31, 2017:
Unaudited Pro Forma Condensed Combined Statement of Operations. For the Year Ended December 31, 2019 (in thousands except for share and per share information) Athena for the Period from January 1, 2019 to March 27, 2000 Xxxxxxx X Shipping Inc. for the Year Ended December 31, 2019 Pro Forma Adjustments Notes Pro Forma Combined Total revenues $ 46,454 $ 579,784 $ (95) (1) $ 626,143 Voyage expenses 12,722 230,675 — 243,397 Vessel operating expenses 13,208 153,662 — 166,870 Vessel operating expenses-related party 2,081 — — 2,081 General and administrative expenses 690 29,451 — 30,141 Loss on sale of vessels — 18,344 — 18,344 Depreciation and amortization 9,630 108,703 (2,621 ) (2) 115,712 Operating income 8,123 38,949 2.526 49,598 Other (expense)/income, net Interest expense (3,187 ) (46,772 ) (540 ) (3) (50,499 ) Other income 44 (2,259 ) — (2,215 ) Total other expense, net (3,143 ) (49,031 ) (540 ) (52,714 ) Net income/(loss) 4,980 (10,082 ) 1,986 (3,116 ) Less: Net income attributable to noncontrolling interest — (776 ) — (776 ) Net income (loss) attributable to the Company’s shareholders $ 4,980 $ (9,306 ) $ 1,986 $ (2,340 ) Weighted average shares outstanding — basic and diluted 39,890,696 Loss per share $ (0.06 ) Notes to Unaudited Pro Forma Condensed Combined Financial Information (dollars in thousands)
Unaudited Pro Forma Condensed Combined Statement of Operations. For the Three Months Ended March 31, 2016 (In thousands of U.S. Dollars, except per share data) Historical Spark Major Energy Companies Reclassification Acquisition Adjustments Spark Pro Forma Revenues: — Retail revenues $ 110,019 $ — $ 51,144 (d) $ — $ 161,163 Sale of natural gas and electricity — 51,144 (51,144 ) (d) — — Net asset optimization 527 — — — 527 Total revenues 110,546 51,144 — — 161,690 Operating expenses: Retail cost of revenues 68,800 — 36,899 (d) 2,544 (a) 108,243 Cost of natural gas and electricity — 36,899 (36,899 ) (d) — General and administrative 17,380 — 5,394 (d) 22,774 Depreciation and amortization 6,789 — 2,299 (d) 2,119 (b) 11,207 Operating expenses — 7,693 (7,693 ) (d) — Total operating expenses 92,969 44,592 — 4,663 142,224 Operating income (loss) 17,577 6,552 — (4,663 ) 19,466 Other (expense)/income: Interest expense (753 ) (123 ) — — (876 ) Interest and other income (95 ) 11 — — (84 ) Total other expenses (848 ) (112 ) — — (960 ) Income (loss) before income tax expense 16,729 6,440 — (4,663 ) 18,506 Income tax expense 988 23 — 160 (c) 1,171 Net income (loss) 15,741 6,417 — (4,823 ) 17,335 Less: Net income (loss) attributable to non-controlling interests 11,568 — — (3,682 ) (f) 7,886 Net income (loss) attributable to Spark Energy, Inc. stockholders $ 4,173 $ 6,417 $ — $ (1,141 ) $ 9,449 Net income attributable to Spark Energy, Inc. per share of Class A common stock Basic $ 1.11 N/A $ 2.52 Diluted $ 0.68 N/A $ 0.66 Weighted average shares of Class A common stock Basic 3,756 N/A (e) 3,756 Diluted 14,520 N/A (e) 16,519 Notes to unaudited pro forma condensed combined statement of operations for the three months ended March 31, 2016
Unaudited Pro Forma Condensed Combined Statement of Operations. For the Year Ended June 30, 2017 (dollars in millions, except per share data) Catalent Cook Pharmica (Note 1) Reclassifications(l) Financing Transactions Acquisition Pro Forma Net revenue $ 2,075.4 $ 179.0 $ 1.3 $ — $ — $ 2,255.7 Cost of sales 1,420.8 119.4 1.4 — 1.1 (m) 1,542.7 Gross margin 654.6 59.6 (0.1 ) — (1.1 ) 713.0 Selling, general and administrative expenses 402.6 21.6 4.5 — 14.6 (n),(o) 443.3 Research and development — 1.1 (1.1 ) — — Corporate Allocation — 3.1 (3.1 ) — — Restructuring and other 8.0 — — — — 8.0 Operating earnings 234.2 33.8 (0.4 ) — (15.7 ) 251.9 Interest expense, net 90.1 — — 32.5 (p) — 122.6 Other (income)/expense, net 8.5 — (0.4 ) — — 8.1 Earnings from continuing operations before income taxes 135.6 33.8 — (32.5 ) (15.7 ) 121.2 Income tax expense/(benefit) 25.8 (110.4 )(q) — (12.7 )(q) (6.1 )(q) (103.4 ) Net earnings $ 109.8 $ 144.2 $ — $ (19.8 ) $ (9.6 ) $ 224.6 Earnings per share attributable to Catalent Basic Net earnings $ 0.88 $ 1.71 (r) Diluted Net earnings 0.87 1.69 (r) See accompanying notes to unaudited pro forma condensed combined financial statements. Notes to the Unaudited Pro Forma Condensed Combined Financial Statements
Unaudited Pro Forma Condensed Combined Statement of Operations. For the Nine Months Ended September 30, 2018 (Dollars and shares in millions, except per share amounts) Historical United Technologies Corporation Historical Rockwell Xxxxxxx, Inc. Pro Forma Adjustments Notes Pro Forma Combined Net Sales: Product sales $ 33,032 $ 5,877 $ (338 ) 5.a $ 38,571 Service sales 15,425 777 (24 ) 5.a 16,178 48,457 6,654 (362 ) 54,749 Costs and Expenses: Cost of products sold 26,512 4,399 (538 ) 5.b 30,373 Cost of services sold 9,726 520 (35 ) 5.b 10,211 Research and development 1,729 — 324 5.c 2,053 Transaction and integration costs — 85 (85 ) 5.d — Selling, general and administrative 5,151 613 (51 ) 5.e 5,713 43,118 5,617 (385 ) 48,350 Other income (loss), net 1,303 16 (43 ) 5.f 1,276 Operating profit (loss) 6,642 1,053 (20 ) 7,675 Non-service pension (benefit) (571 ) — (68 ) 5.g (639 ) Interest expense, net 721 198 250 5.h 1,169 Income (loss) from operations before income taxes 6,492 855 (202 ) 7,145 Income tax expense (benefit) 1,636 103 (80 ) 5.i 1,659 Net income (loss) from operations 4,856 752 (122 ) 5,486 Less: Noncontrolling interest in subsidiaries’ earnings from operations 273 — — 273 Income (loss) from operations attributable to UTC common shareowners $ 4,583 $ 752 $ (122 ) $ 5,213 Income from operations per basic share attributable to UTC common shareowners $ 5.80 $ 6.11 Income from operations per diluted share attributable to UTC common shareowners $ 5.72 $ 6.04 Basic weighted average number of shares outstanding 790.6 62.4 4.c, 5.j 853.0 Diluted weighted average number of shares outstanding 800.7 62.4 4.c, 5.j 863.1 See accompanying “Notes to Unaudited Pro Forma Condensed Combined Financial Information” beginning on page 6. Unaudited Pro Forma Condensed Combined Statement of Operations For the Year Ended December 31, 2017 (Dollars and shares in millions, except per share amounts) Historical United Technologies Corporation Historical Rockwell Xxxxxxx, Inc. HistoricalB/E AerospaceJanuary 1 -April 12, 2017 Pro Forma Adjustments Notes Pro Forma Combined Net Sales: Revenues $ — $ — $ 823 $ (823 ) 5.a $ — Product sales 41,361 6,671 — 569 5.a 48,601 Service sales 18,476 969 — (13 ) 5.a 19,432 59,837 7,640 823 (267 ) 68,033 Costs and Expenses: Cost of sales — — 506 (506 ) 5.b — Cost of products sold 31,224 4,869 — 166 5.b 36,259 Cost of services sold 12,977 646 — (36 ) 5.b 13,587 Research and development 2,427 — 83 453 5.c 2,963 Transaction and integration costs — 147 — (147 ) 5.d — Selling, general and administrative 6,429 7...
