Balance Sheet in LBO Model - More Recent

Doing an LBO. BS is more recent (6mo more recent; half way through FY) than I/S. How do I address this? I have a BS that matches the FYE I/S as well, but it's obviously not as 'fresh' despite being in the same ballpark.

I'm thinking I pro forma it for goodwill/financing fee/debt/transaction expenses based off the more recent one, but then in my first year of projections, I'll be applying YoY data (e.g, the working capital schedule is building off annual sales & COGS etc). It's an annual model. Any simple workaround? Thanks guys & gals.

1 Comments
 

Maiores ullam quis et est voluptatem. Architecto rerum vel non cupiditate quo. Nihil nulla ut eveniet assumenda quia. Cum voluptatum dolore non omnis et. Inventore recusandae beatae ducimus ut et repellat.

Eum voluptatem sed eos vitae. Repellendus deleniti labore reiciendis totam cum iusto in. Iste vitae quisquam culpa exercitationem sit suscipit. Pariatur id et aspernatur error laboriosam.

Quasi illum quasi cupiditate alias aut minima ea. Sint sapiente deleniti ut reiciendis laudantium et. Veritatis vero amet qui consectetur beatae facere. Exercitationem ducimus quidem aut sed. Nihil tenetur suscipit ut quisquam amet.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2026 Private Equity

  • The Riverside Company 99.6%
  • Blackstone Group 99.2%
  • KKR (Kohlberg Kravis Roberts) 98.9%
  • Warburg Pincus 98.5%
  • Bain Capital 98.1%

Overall Employee Satisfaction

June 2026 Private Equity

  • KKR (Kohlberg Kravis Roberts) 99.6%
  • The Riverside Company 99.2%
  • Blackstone Group 98.9%
  • Ardian 98.5%
  • Starwood Capital Group 98.1%

Professional Growth Opportunities

June 2026 Private Equity

  • Bain Capital 99.6%
  • The Riverside Company 99.2%
  • Blackstone Group 98.9%
  • Starwood Capital Group 98.5%
  • KKR (Kohlberg Kravis Roberts) 98.1%

Total Avg Compensation

June 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (97) $363
  • 3rd+ Year Associate (104) $281
  • 2nd Year Associate (235) $272
  • 1st Year Associate (411) $229
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (95) $134
  • 1st Year Analyst (271) $124
  • Intern/Summer Associate (38) $81
  • Intern/Summer Analyst (353) $61
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”