A business's pro forma is the forecast financial statements based on either anticipated future events or potentially changing business performance in upcoming periods. This is in contrast to regular financial statements that are financial summaries on a business's past. Businesses use pro forma statements to assist in their planning activities, both short term and long term. Sit down with an income statement from the current year. Consider how each item on that statement can or will be changed during the coming year. You will need to estimate final sales and expenses for the current year to prepare a pro forma income statement for the upcoming three years.Make sure you explicitly show your assumptions with good critical analysis.

Fiscal year is February-January. All values USD millions.	2012	2013	2014	2015	2016	5-year trend
Sales/Revenue	17.26B	12.99B	11.86B	12.26B	12.63B
Cost of Goods Sold (COGS) incl. D&A	11.56B	9.46B	8.97B	8.63B	8.69B
COGS excluding D&A	11.04B	8.92B	8.37B	8B	8.07B
Depreciation & Amortization Expense	518M	543M	601M	631M	616M
Depreciation	-	-	-	-	-
Amortization of Intangibles	-	-	-	-	-
Gross Income	5.7B	3.52B	2.89B	3.63B	3.94B

	2012	2013	2014	2015	2016	5-year trend
SG&A Expense	5.23B	4.86B	4.25B	3.95B	3.94B
Research & Development	-	-	-	-	-
Other SG&A	5.23B	4.86B	4.25B	3.95B	3.94B
Other Operating Expense	7M	4M	-	-	(8M)
Unusual Expense	509M	384M	356M	151M	164M
EBIT after Unusual Expense	(46M)	(1.72B)	(1.72B)	(151M)	(158M)
Non Operating Income/Expense	(1M)	403M	176M	125M	8M
Non-Operating Interest Income	1M	5M	-	-	-
Equity in Affiliates (Pretax)	38M	11M	6M	53M	41M
Interest Expense	221M	231M	352M	406M	395M
Gross Interest Expense	221M	231M	352M	406M	395M
Interest Capitalized	-	-	-	-	-
Pretax Income	(229M)	(1.54B)	(1.89B)	(694M)	(504M)
Income Tax	(77M)	(551M)	(498M)	23M	9M
Income Tax - Current Domestic	16M	79M	(8M)	8M	6M
Income Tax - Current Foreign	60M	(95M)	(16M)	12M	5M
Income Tax - Deferred Domestic	(23M)	(70M)	(46M)	(6M)	(1M)
Income Tax - Deferred Foreign	(130M)	(465M)	(428M)	9M	(1M)
Income Tax Credits	-	-	-	-	-
Equity in Affiliates	-	-	-	-	-
Other After Tax Income (Expense)	-	-	-	-	-
Consolidated Net Income	(152M)	(985M)	(1.39B)	(717M)	(513M)
Minority Interest Expense	-	-	-	-	-
Net Income	(152M)	(985M)	(1.39B)	(717M)	(513M)
Extraordinaries & Discontinued Operations	-	-	-	-	-
Extra Items & Gain/Loss Sale Of Assets	-	-	-	-	-
Cumulative Effect - Accounting Chg	-	-	-	-	-
Discontinued Operations	-	-	-	-	-
Net Income After Extraordinaries	(152M)	(985M)	(1.39B)	(717M)	(513M)
Preferred Dividends	-	-	-	-	-
Net Income Available to Common	(152M)	(985M)	(1.39B)	(717M)	(513M)
EPS (Basic)	(0.70)	(4.49)	(5.57)	(2.35)	(1.68)
Basic Shares Outstanding	217.4M	219.2M	249.3M	305.2M	305.9M
EPS (Diluted)	(0.70)	(4.49)	(5.57)	(2.35)	(1.68)
Diluted Shares Outstanding	217.4M	219.2M	249.3M	305.2M	305.9M
EBITDA	981M	(797M)	(759M)	316M	622M