In pro forma projections he and Webb had figured it would take 20 to 30 blowouts a day to keep the doors open.
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Instead, the Democrat majority Senate led by Democrat Majority Leader Harry Reid entered into a unanimous consent agreement providing that the Senate would meet in pro forma sessions every 3 business days from December 20, 2011 through January 23, 2012.
Over the long term in the pro-forma scenario, the accounts result in breathtaking reductions in government spending, because the payment of Social Security benefits is shifted out of the federal budget altogether, financed instead through the accounts in the private sector.
And as I understand it, the Senate has adjourned but are in some pro forma sessions that might make recess appointments difficult to impossible.
It was in November of 2007 when Senate Majority Leader Harry Reid first declared the Senate to be in pro-forma session for the two-week Thanksgiving break.
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Ciena says the deal would begin to add to pro forma earnings in the second-half of fiscal 2002 but would dilute pro forma earnings for fiscal 2001 by 19 cents to 22 cents, excluding one-time charges and amortization of intangibles and deferred stock-compensation costs.
Only a handful had large mergers that would justify using pro forma comparisons in the old sense.
He says the deal will be dilutive to GAAP earnings per share by one penny (because of nonrecurring charges related to deferred compensation), and accretive to pro-forma earnings in 2004.
Our EMEA region experienced a fifth consecutive quarter of year-over-year revenue decline as pro forma revenues in constant dollars were down 6% and 8%, respectively, on a sequential and year-over-year basis.
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Nevertheless, a stunning 81% of these profit-challenged companies put themselves in the black using pro forma calculations.
Senate Republicans employed an unconventional maneuver, calling the Senate into a series of pro-forma sessions (in which no business could be transacted) to prevent an actual recess from occurring.
Pro forma first came in vogue in the merger-mad 1980s, as it was used to help investors see what the new combination would have looked like financially had it been a single entity for the previous year or so.
We've assembled a rogue's gallery of companies where pro forma adjustments are significant in relation to the company's market value (see table).
Despite the severe drop in revenues in fiscal 2010, the pro forma operating profit margin fell by just 2 basis points to 7.9%.
The technical services segment, which resells computing products, was up 46.9%, or 13.2% on a pro forma basis, driven in particular by strong demand for servers and storage products.
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Late yesterday, Senators Ben Cardin (D-MD), Barbara A. Mikulski (D-MD), Frank Lautenberg (D-NJ), Robert Menendez (D-NJ), Mark Warner (D-VA) and Jim Webb (D-VA) wrote a letter to House Speaker John Boehner (R-OH), Senate Majority Leader Harry Reid (D-NV), House Democratic Leader Nancy Pelosi (D-CA) and Senate Minority Leader Mitch McConnell (R-KY), urging the use a pro forma session of Congress in order to offer a solution.
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"He showed us EBITDA, pro forma projections, " says Singer in a private session among members after the 15-minute pitch.
The company saw weak results in Europe, where revenue on a pro forma, currency adjusted basis fell 12.5% year over year.
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But in 1998 and 1999, they found, pro forma earnings had crept into 72%.
In their campaign to discredit GAAP, the pro forma companies have almost completely won over the analysts on Wall Street.
Republican lawmakers used the pro-forma sessions - as Democrats have done in the past - to prevent the president from using his recess appointments power.
After delivering pro forma eulogies for Mr. Rubio, Democrats in Sacramento chose Kern County supervisor Leticia Perez to run for his vacated seat.
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In the Microsoft-Yahoo case, even a pro forma investigation is preposterous--Google has an overwhelming share of the search market, 65% at last count.
Pro forma EBITDA has risen steadily for syndicated deals in 2012.
Pro forma profits of 43 cents a share likewise came in well ahead of the Street at 33 cents.
But during that time, GOP lawmakers argued, the Senate technically had stayed in session because it was gaveled in and out every few days for so-called pro forma sessions.
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