1120-S Recast P&L — PTS Group

Business info

Business name

Tax year

Prepared by

Date

Income Page 1 · Lines 1–5

Gross receipts / salesLine 1a

Returns & allowancesLine 1b

Cost of goods soldLine 2

Other incomeLine 5

Operating expenses Page 1 · Lines 7–19

Compensation of officersLine 7

Salaries & wages (other)Line 8

Repairs & maintenanceLine 9

RentsLine 11

Taxes & licensesLine 12

Interest expenseLine 13

Depreciation & amortizationLine 14

Employee benefitsLine 18

Other deductionsLine 19

Add-backs & adjustments Normalization

Enter amounts already included in expenses above that should be added back to normalize earnings for a buyer.

Owner compensation add-back

Owner perks / personal expenses

One-time / non-recurring expenses

Owner health insurance

Owner retirement contributions

Other add-backs

Recast P&L

Enter data on the left to see results

Revenue

Gross receipts—

Less returns & allowances—

Less cost of goods sold—

Other income—

Gross profit—

Expenses & net income

Total operating expenses—

Net income (per return)—

EBITDA bridge

+ Depreciation & amortization—

+ Interest expense—

EBITDA—

Add-backs

+ Owner compensation—

+ Owner perks—

+ One-time expenses—

+ Health insurance—

+ Retirement contributions—

+ Other add-backs—

Seller's Discretionary Earnings —

Want to know what your business is actually worth?

A recast P&L is a starting point — a full valuation accounts for market conditions, buyer appetite, and deal structure.

John Burnett at PTS Group works with trades business owners to build a complete valuation picture before they go to market — so they negotiate from strength, not guesswork.

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