Wrapping lies in a name like &quot;pro forma&quot; and calling it legit is still a lie.<p>It boggles <i>my</i> mind that this is written off as acceptable, just another way of looking at the results. I own a business. I understand its accounting. Turning a $700m loss into a $400m profit is a $1.1b lie.<p>Edit: if you&#x27;d like to put recurring profits and expenses on a sheet and show it to me, fine. But if you omit one-off expenses when representing your financial position (and let&#x27;s be honest, there are always one-offs) you&#x27;ve fraudulently represented yourself.