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A pro forma statement refers to a financial statement (income statement, balance sheet, etc) That has been prepared "as-if" some event had happend that didnt or as if some event had not happended that did.

Pro forma statements are usually prepared to allow investors to compare the results of two time periods that would not otherwise be comparable because of a substantial change from one time period to another. You see pro forma statements when acquisitions and mergers are planned or executed.

For example, if company A just acquired Company B, Company A may show two sets of results in their annual report. Once set would show the results as the acutally occrred and the other, Pro forma, set may show the results that would have occurred if company B had not been acquired. This allows investors to use the pro forma set to comapre this years results with last years results without muddying up the analysis with a lot of acquisition related activities.
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