Source: https://www.law.cornell.edu/cfr/text/17/229.914
Timestamp: 2015-05-27 02:37:31
Document Index: 66341729

Matched Legal Cases: ['art 229', 'art 229', 'art 229', '§ 229', '§ 229', '§ 229', '§ 229', '§ 229', '§ 229', 'art 229']

17 CFR 229.914 - (Item 914) Pro forma financial statements: selected financial data. | LII / Legal Information Institute
CFR › Title 17 › Chapter II › Part 229 › Subpart 229.900 › Section 229.914 17 CFR 229.914 - (Item 914) Pro forma financial statements: selected financial data.
There are 3 Updates appearing in the Federal Register for 17 CFR Part 229. View below or at eCFR (GPOAccess)
§ 229.914
(Item 914) Pro forma financial statements: selected financial data.
In addition to the information required by Item 301 of Regulation S-K, Selected Financial Data (§ 229.301), and Item 302 of Regulation S-K, Supplementary Financial Information (§ 229.302), for each partnership proposed to be included in a roll-up transaction provide: Ratio of earnings to fixed charges, cash and cash equivalents, total assets at book value, total assets at the value assigned for purposes of the roll-up transaction (if applicable), total liabilities, general and limited partners' equity, net increase (decrease) in cash and cash equivalents, net cash provided by operating activities, distributions; and per unit data for net income (loss), book value, value assigned for purposes of the roll-up transaction (if applicable), and distributions (separately identifying distributions that represent a return of capital). This information should be provided for the same period(s) for which Selected Financial Data and Supplementary Financial Information are required to be provided. Additional or other information should be provided if material to an understanding of each partnership proposed to be included in a roll-up transaction.
Provide pro forma financial information (including oil and gas reserves and cash flow disclosure, if appropriate), assuming:
All partnerships participate in the roll-up transaction; and
Participation in a roll-up transaction of those partnerships that on a combined basis have the lowest combined net cash provided by operating activities for the last fiscal year of such partnerships, provided participation by such partnerships satisfies all conditions to consummation of the roll-up transaction. If the combination of all partnerships proposed to be included in a roll-up transaction results in such lowest combined net cash provided by operating activities, this shall be noted and no separate pro forma financial statements are required.
The pro forma financial statements required by paragraph (b) of this Item (§ 229.914) shall disclose the effect of the roll-up transaction on the successor's:
Balance sheet as of the later of the end of the most recent fiscal year or the latest interim period;
Statement of income (with separate line items to reflect income (loss) excluding and including the roll-up expenses and payments), earnings per share amounts, and ratio of earnings to fixed charges for the most recent fiscal year and the latest interim period;
Statement of cash flows for the most recent fiscal year and the latest interim period; and
Book value per share as of the later of the end of the most recent fiscal year or the latest interim period.
Instructions to Item 914. (1) Notwithstanding the provisions of this Item (§ 229.914), any or all of the information required by paragraphs (b) and (c) of this Item (§ 229.914) that is not material for the exercise of prudent judgment in regard to the matter to be acted upon, may be omitted.
If the roll-up transaction is structured to permit participation by portions of partnerships, consideration should be given to the effect of such participation in preparing the pro forma financial statements reflecting a partial roll-up.
Title 17 published on 2014-04-01.The following are only the Rules published in the Federal Register after the published date of Title 17.For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.2015-02-06; vol. 80 # 25 - Friday, February 6, 201580 FR 6652 - Asset-Backed Securities Disclosure and Registration
Title 17 published on 2014-04-01The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 17 CFR Part 229 after this date.2015-02-17; vol. 80 # 31 - Tuesday, February 17, 201580 FR 8486 - Disclosure of Hedging by Employees, Officers and Directors