The following information shall be provided for major transactions, and for carriers shall conform to the Board's Uniform System of Accounts, 49 CFR part 1201:
4 Where the purchase of a line or line segment is involved, a procedure utilizing three columns should be followed. The first column should show transferee's actual balance sheet on a corporate entity basis for the latest available 12-month period, the second column should show the adjustments necessitated by the purchase, and the third is a compilation of the first two columns into a pro forma balance sheet.
The transferor shall file a balance sheet similar to the one filed by the transferee, with the second column reflecting the adjustments resulting from the sale.
If the parent company (if any) of the transferee or transferor is affected, a similar balance sheet shall be filed for each.
All adjustments to these balance sheets shall be supported in footnotes to the appropriate balance sheet.
Each adjustment and elimination shall be properly footnoted and fully explained. A pro forma balance sheet shall be submitted for the number of years following consummation necessary to effect the operating plan.
5 If the operating plan requires more than 3 years to be put into effect, the pro forma income statement shall be prepared for as many years as necessary to implement fully the operating plan.
6 Where the purchase of a line or line segment is involved, a procedure utilizing three columns should be followed. The first column should show transferee's actual income statement on a corporate entity basis for the latest available 12-month period, the second column should show the adjustment necessitated by the purchase, and the third column is a compilation of the first two columns into a pro forma income statement.
The transferor shall file an income statement similar to the one filed by the transferee, with the second column reflecting the adjustments resulting from the sale.
If the parent company (if any) of the transferor or transferee is affected, a similar statement shall be filed for each.
All adjustments to these income statements shall be supported in footnotes to the appropriate income statements.
The adjustments are to be supported by a statement explaining the basis used in determining the estimated changes in revenues, expenses, and net income appearing in the third column. Additionally, if the major financial advantages to be derived from the proposed transaction will not occur within 3 years after consummation, then applicant shall furnish additional information to reflect the number of years within which the financial advantages will be realized. The basis for all such data furnished shall be fully explained and supported.
7 The forecast should reflect only changes anticipated to result from the proposed transaction. Forecasts are not required to reflect general economic conditions unrelated to the proposed transaction.
8 The pro forma balance sheets (exhibit 16), pro forma income statements (exhibit 17), and sources and application of funds (exhibit 18) shall cover the same years.
49 C.F.R. §1180.9