Common use of Basis of Presentation Clause in Contracts

Basis of Presentation. The unaudited pro forma condensed consolidated financial statements present the impact of the TEP Merger on our results of operations. Because the TEP Merger was effective June 30, 2018, the September 30, 2018 statement of financial position as reported reflects the impact of the transaction. The unaudited pro forma condensed consolidated statement of operations for the nine months ended September 30, 2018 has been prepared based on certain pro forma adjustments to our condensed consolidated financial statements set forth in TGE’s Quarterly Report on Form 10-Q for the three months ended September 30, 2018 expected to be filed on October 31, 2018 with the Securities and Exchange Commission. The unaudited pro forma condensed consolidated financial statements are qualified in their entirety by reference to such historical consolidated financial statements and related notes contained therein. The unaudited pro forma condensed consolidated financial statements should be read in conjunction with the accompanying notes and with the historical consolidated financial statements and related notes thereto. The pro forma adjustments are based upon currently available information and certain estimates and assumptions; therefore, actual results may differ from the pro forma adjustments. Management believes, however, that the assumptions provide a reasonable basis for presenting the significant effects of the acquisition and that the pro forma adjustments give appropriate effect to those assumptions and are properly applied in the unaudited pro forma condensed consolidated financial statements. The unaudited pro forma condensed consolidated financial statements may not be indicative of the results that would have actually occurred if the transaction had taken place on January 1, 2018.

Basis of Presentation. The unaudited pro forma condensed combined statements of operations are based on Incyte’s and ARIAD Europe’s historical consolidated financial statements present of operations as adjusted to give effect to the impact acquisition of the TEP Merger on our results of operations. Because the TEP Merger was effective June 30, 2018, the September 30, 2018 statement of financial position as reported reflects the impact of the transactionARIAD Europe. The unaudited pro forma condensed consolidated statement combined statements of operations for the nine months fiscal years ended September 30, 2018 has been prepared based on certain pro forma adjustments to our condensed consolidated financial statements set forth in TGE’s Quarterly Report on Form 10-Q for the three months ended September 30, 2018 expected to be filed on October December 31, 2018 with 2016 and 2015 give effect to the Securities and Exchange CommissionARIAD Europe acquisition as if it had occurred on January 1, 2015. The unaudited pro forma condensed consolidated combined statements of operations were prepared using the acquisition method of accounting and based on the historical financial statements are qualified information of Incyte and ARIAD Europe. The acquisition method of accounting in accordance with ASC 805 requires, among other things, that assets acquired and liabilities assumed in a business combination be recognized at their entirety by reference to such fair values as of the acquisition date, as defined in ASC 820, “Fair Value Measurement” (ASC 820). The historical consolidated financial information has been adjusted in the unaudited pro forma condensed combined statements of operations to give effect to pro forma events that are (1) directly attributable to the transaction, (2) factually supportable, and related notes contained therein(3) with respect to the unaudited pro forma condensed combined statement of operations, expected to have a continuing impact on the consolidated results. The unaudited pro forma condensed combined statements of operations have been compiled using the significant accounting policies as set forth in the audited consolidated financial statements should be read included in conjunction with the accompanying notes and with Report on Form 10-K. During the historical consolidated financial statements and related notes thereto. The pro forma adjustments are based upon currently available information and certain estimates and assumptions; therefore, actual results may differ from the pro forma adjustments. Management believes, however, that the assumptions provide a reasonable basis for presenting the significant effects preparation of the acquisition and that the pro forma adjustments give appropriate effect to those assumptions and are properly applied in the unaudited pro forma condensed consolidated combined financial statements. The information, Incyte’s management performed an analysis of accounting policies at ARIAD Europe, and is not aware of any differences that could have a material impact on the unaudited pro forma condensed consolidated financial combined statements may not be indicative of the results that would have actually occurred if the transaction had taken place on January 1, 2018operations.

Basis of Presentation. The unaudited accompanying pro forma condensed combined financial information was prepared based on the historical consolidated financial statements present of Continental and the impact historical statements of revenues and direct operating expenses of the TEP Merger on our results of operations. Because properties acquired in the TEP Merger was effective June 30, 2018, the September 30, 2018 statement of financial position as reported reflects the impact of the transactionPioneer Acquisition. The unaudited pro forma condensed consolidated statement Pioneer Acquisition was accounted for using the acquisition method under ASC Topic 805, Business Combinations, which requires all assets acquired and liabilities assumed to be recorded at fair value at the acquisition date. The Unaudited Pro Forma Condensed Combined Statements of operations Operations for the nine months ended September 30, 2018 has been 2021 and the year ended December 31, 2020 were prepared based assuming the Pioneer Acquisition and related financing occurred on certain pro forma adjustments to our condensed consolidated financial statements set forth in TGE’s Quarterly Report on Form 10-Q for the three months ended January 1, 2020. The Unaudited Pro Forma Condensed Combined Balance Sheet at September 30, 2018 expected to be filed 2021 was prepared as if the Pioneer Acquisition and related financing had occurred on October 31September 30, 2018 with the Securities and Exchange Commission2021. The unaudited pro forma condensed combined financial information is provided for illustrative purposes only and does not purport to represent what the actual consolidated results of operations or the consolidated financial statements position of the Company would have been had the Pioneer Acquisition and related financing occurred on the dates noted above, nor are qualified in their entirety by reference to such historical they necessarily indicative of future consolidated results of operations or consolidated financial statements and related notes contained thereinposition. In Continental’s opinion, all adjustments that are necessary to present fairly the unaudited pro forma condensed combined financial information have been made. The unaudited pro forma condensed consolidated combined financial statements should be read information has been compiled in conjunction a manner consistent with the accompanying notes and with accounting policies adopted by the historical consolidated financial statements and related notes theretoCompany. The pro forma adjustments are based upon currently available information and certain estimates and assumptions; therefore, actual Actual results may differ materially from the pro forma adjustments. Management believes, however, that the assumptions provide a reasonable basis for presenting the significant effects of the acquisition and that the pro forma adjustments give appropriate effect to those assumptions and are properly applied in the unaudited pro forma condensed consolidated financial statements. The unaudited pro forma condensed consolidated financial statements may not be indicative of the results that would have actually occurred if the transaction had taken place on January 1, 2018estimates contained herein.

Basis of Presentation. The unaudited pro forma condensed consolidated financial statements present the impact of the TEP Merger on our results of operations. Because the TEP Merger was effective June 30, 2018, the September June 30, 2018 statement of financial position as reported reflects the impact of the transaction. The unaudited pro forma condensed consolidated statement statements of operations for the nine three and six months ended September June 30, 2018 has have been prepared based on certain pro forma adjustments to our condensed consolidated financial statements set forth in TGE’s Quarterly Report on Form 10-Q for the three months ended September June 30, 2018 expected to be filed on October 31August 2, 2018 with the Securities and Exchange Commission. The unaudited pro forma condensed consolidated financial statements are qualified in their entirety by reference to such historical consolidated financial statements and related notes contained therein. The unaudited pro forma condensed consolidated financial statements should be read in conjunction with the accompanying notes and with the historical consolidated financial statements and related notes thereto. The pro forma adjustments are based upon currently available information and certain estimates and assumptions; therefore, actual results may differ from the pro forma adjustments. Management believes, however, that the assumptions provide a reasonable basis for presenting the significant effects of the acquisition and that the pro forma adjustments give appropriate effect to those assumptions and are properly applied in the unaudited pro forma condensed consolidated financial statements. The unaudited pro forma condensed consolidated financial statements may not be indicative of the results that would have actually occurred if the transaction had taken place on January 1, 2018.

Basis of Presentation. The unaudited pro forma condensed consolidated financial statements present reflect the impact of the TEP Merger on our results of operations, financial position and changes in cash flows of the net assets of LECG as a separate entity for the period presented. Because The consolidated financial statements have been prepared on a historical basis. Intercompany balances with NCI have been excluded from the TEP Merger was effective June 30, 2018, the September 30, 2018 consolidated statement of net assets. These financial position as reported reflects the impact statements do not include all of the transactioninformation and note disclosures required by generally accepted accounting principles. The unaudited pro forma condensed consolidated statement information furnished herein includes all adjustments, consisting of normal recurring adjustments except where indicated, which are, in the opinion of management, necessary for a fair presentation of results for these interim periods. The results of operations for the nine four months ended September April 30, 2018 has been prepared based on certain pro forma adjustments 2000 are not necessarily indicative of the results to our condensed consolidated financial statements set forth in TGE’s Quarterly Report on Form 10-Q be expected for the three months ended September 30, 2018 expected to be filed on October entire year ending December 31, 2018 with the Securities and Exchange Commission2000. The unaudited pro forma condensed consolidated financial statements are qualified in their entirety by reference to such historical consolidated financial statements and related notes contained therein. The unaudited pro forma condensed consolidated These financial statements should be read in conjunction with the accompanying notes and with the historical Company’s audited consolidated financial statements and related notes theretothereto as of and for the year ended December 31, 1999. The pro forma adjustments are accompanying financial statements include general and administrative expenses which have been assigned to LECG by NCI on a specific identification basis. Additionally, LECG shares certain administrative functions, employees and other resources with NCI. Allocations from NCI for indirect expenses for such shared resources have been made primarily on a proportional cost allocation method based upon currently available information and certain estimates and assumptions; therefore, actual results may differ from the pro forma adjustmentson fee revenues. Management believes, believes these allocations are reasonable; however, that the assumptions provide a reasonable basis for presenting the significant effects of the acquisition and that the pro forma adjustments give appropriate effect to those assumptions and are properly applied they may not necessarily reflect LECG’s costs in the unaudited pro forma condensed consolidated financial statementsfuture or what they would have been had it been a separate, stand-alone entity during the period presented. The unaudited pro forma condensed consolidated financial statements may not be indicative of allowance for doubtful accounts has been allocated based on the results that would NCI reserve methodology excluding accounts receivable which have actually occurred if the transaction had taken place on January 1, 2018associated accrued expert and project origination fees.