Pro-Forma Income Statement

Company Name
For Year Ending X through Year Y
(In Thousands) Year Revenue Gross sales Net Sales Cost of Goods Sold Beginning inventory Total Goods Available Total Cost of Goods Sold Gross Profit (Loss) Operating Expenses Selling

Total Selling Expenses General/Administrative

Total General/Administrative Expenses Total Operating Expenses Taxes Net Income Before Taxes Net Income After Taxes One time extraordinary gain or loss Tax on extraordinary gain NET INCOME (LOSS) Copyright 2013 FreeExcelSpreadsheet.com

Pro-Forma Income Statement

Company Name
For Year Ending X through Year Y
(In Thousands) Year 1 Gross sales Less sales returns and allowances Net Sales $6,000 200 $5,800

Cost of Goods Sold Beginning inventory Plus goods purchased / manufactured Total Goods Available Less ending inventory Total Cost of Goods Sold

$0 500 $500 200 $300 $5,500

Gross Profit (Loss)

Operating Expenses Salaries and wages Commissions Advertising Depreciation Other Total Selling Expenses General/Administrative Salaries and wages Employee benefits Payroll taxes Insurance Rent Utilities Equipment maintenance & rental Office supplies Furniture & equipment Travel & entertainment Interest $500 300 300 0 0 $1,100

$1,000 0 100 100 5,000 1,000 500 200 200 200 0

Depreciation & amortization Total General/Administrative Expenses

500 $8,300 $9,400

Total Operating Expenses

Net Income Before Taxes Taxes on income Net Income After Taxes One time extraordinary gain or loss Tax on extraordinary gain

($3,900) 0 ($3,900)
$0 0 ($3,900)

NET INCOME (LOSS) Copyright 2013 FreeExcelSpreadsheet.com

ent
Tax

Year 2 $13,500 500 $13,000

Year 3 $25,000 770 $24,230

Tax Rate:

30%

$200 2,000 $2,200 1,000 $1,200 $11,800

$1,000 5,000 $6,000 4,000 $2,000 $22,230

$1,000 500 500 0 0 $2,000

$1,500 1,000 1,000 0 0 $3,500

$1,500 0 150 100 5,000 1,500 200 200 300 500 0

$5,000 0 200 100 5,000 2,000 0 200 500 1,000 0

600 $9,450 $11,450

1,500 $14,000 $17,500

$350 105 $245

$0 0 $245

$4,730 1,419 $3,311

$0 0 $3,311