Electronics For Imaging (EFII) 8-K/A Completion of Acquisition or Disposition of Assets

Exhibit 99.3

ELECTRONICS FOR IMAGING, INC.

Unaudited pro forma condensed combined financial statements

The information required by Item 9.01, Pro Forma Financial Information, is submitted as follows:

	Page
Introductory Note	2
Financial Statements:
Unaudited Pro Forma Condensed Combined Balance Sheet at June 30, 2006	3
Unaudited Pro Forma Condensed Combined Statement of Operations for the six months ended June 30, 2006 (unaudited)	4
Unaudited Pro Forma Condensed Combined Statement of Operations for the year ended December 31, 2005 (unaudited)	5
Notes to Unaudited Pro Forma Condensed Combined Financial Statements	6

Introductory note to the Unaudited Pro Forma Condensed Combined Financial Statements

The following unaudited pro forma condensed combined financial statements are presented to illustrate the effects of the acquisition of Jetrion on the historical financial position and operating results of Electronics For Imaging, Inc. (“EFI”). The unaudited pro forma condensed combined balance sheet gives effect to the acquisition as if it was completed on June 30, 2006. The unaudited pro forma condensed combined statement of operations for the six months ended June 30, 2006 and for the year ended December 31, 2005 give effect to the merger as if it was completed on January 1, 2005.

The unaudited pro forma condensed combined financial statements were derived from:

(a) EFI’s Statement of Operations for the year ended December 31, 2005 (As restated)

(b) EFI’s unaudited Statement of Operations for the six months ended June 30, 2006 (As restated)

(c) EFI’s unaudited Balance Sheet at June 30, 2006 (As restated)

(d) Jetrion’s Statement of Operations for the year ended December 31, 2005

(e) Jetrion’s unaudited Statement of Operations for the six months ended June 30, 2006

(f) Jetrion’s unaudited Balance Sheet at June 30, 2006

The EFI Statement of Operations for the year ended December 31, 2005 (As restated) and EFI’s unaudited Balance Sheet at June 30, 2006 and the related unaudited Statement of Operations for the six months ended June 30, 2006 was filed contemporaneously with this Current Report on Form 8-K/A in EFI’s Annual Report on Form 10-K for the year ended December 31, 2006.

The Jetrion Statement of Operations for the year ended December 31, 2005 and Jetrion’s unaudited Statement of Financial Position at June 30, 2006 and the related unaudited Statement of Operations for the six months ended June 30, 2006 are filed elsewhere in this Current Report on Form 8-K/A, as an exhibit.

The unaudited pro forma condensed combined financial statements presented in this exhibit are not necessarily indicative of EFI’s financial position or results of operations if the merger had been completed as of the dates indicated. Additionally, the unaudited pro forma condensed combined financial statements presented in this exhibit are not necessarily indicative of EFI’s future financial condition or operating results.

The unaudited pro forma condensed combined financial statements presented in this exhibit are based on estimates and assumptions set forth in the notes to these unaudited pro forma condensed combined financial statements. These estimates and assumptions are preliminary and have been made solely for the purpose of developing these unaudited pro forma condensed combined financial statements.

2

Electronics For Imaging, Inc.

Unaudited Pro Forma Condensed Combined Balance Sheet

June 30, 2006

(in thousands)	EFI historical (as Restated)			Jetrion historical			Pro forma adjustments			See Note 3:		EFI pro forma
Assets
Current assets:
Cash, cash equivalents	$	241,659		$	—		$	(41,427	)	(a	)	$	200,232
Short-term investments		255,807						—					255,807
Accounts receivable, net		92,932			3,671			(123	)	(e	)		96,480
Inventories		26,576			1,685			172		(f	)		28,433
Other current assets		33,161			19			—					33,180
Total current assets		650,135			5,375			(41,378	)				614,132
Property and equipment, net		51,898			3,117			(1,204	)	(h	)		53,811
Restricted investments		88,580						—					88,580
Goodwill		190,234			11,428			13,014		(b	)		214,676
Intangible assets, net		133,846			3,874			(274	)	(c	)		137,446
Other assets		4,689						—					4,689
Total assets	$	1,119,382		$	23,794		$	(29,842	)			$	1,113,334
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable		37,180			460			—					37,640
Accrued and other liabilities		79,160			1,863			25		(g	)		81,048
Deferred revenue		—			104			—					104
Income taxes payable		6,091			—			—					6,091
Total current liabilities		122,431			2,427			25					124,883
Deferred tax liability		7,787						—					7,787
Long-term obligations		240,000						—					240,000
Total liabilities		370,218			2,427			25					372,670
Stockholders’ and members’ equity:								—					—
Common stock, $0.01 par value; 150,000 shares authorized; 56,249 and 53,828 shares outstanding, respectively		682						—					682
Members equity		—			24,340			(24,340	)	(d	)		—
Additional paid-in capital		547,797						—					547,797
Treasury stock, at cost, 9,964 shares		(243,594	)					—					(243,594	)
Accumulated other comprehensive income		(240	)					—					(240	)
Retained earnings (accumulated deficit)		444,519			(2,973	)		(5,527	)	(d	)		436,019
Total stockholders’ equity		749,164			21,367			(29,867	)				740,664
Total liabilities and stockholders’ equity	$	1,119,382		$	23,794		$	(29,842	)			$	1,113,334

See accompanying notes to pro forma condensed consolidated financial statements.

3

Electronics For Imaging, Inc.

Unaudited Pro Forma Condensed Combined Statement of Operations

for the six months ended June 30, 2006

(in thousands, except per share amounts)	EFI historical (as Restated)			Jetrion historical			Pro forma adjustments			See Note 3:		EFI pro forma
Revenue	$	272,987		$	6,705		$	—				$	279,692
Cost of revenue (1)		108,852			4,710			—					113,562
Gross profit		164,135			1,995			—					166,130
Operating expenses:
Research and development (1)		61,908			1,223			(74	)	(j	)		63,057
Sales and marketing (1)		48,751			2,196			(114	)	(j	)		50,834
General and administrative (1)		18,560						(55	)	(j	)		18,505
Amortization of identified intangibles		18,054						709		(j	)		18,763
Total operating expenses		147,273			3,419			466					151,158
(Loss) income from operations		16,862			(1,424	)		(466	)				14,972
Interest and other income, net:
Interest and other income (expense), net		10,148						(1,029	)	(i	)		9,119
Interest expense		(2,503	)		(1	)		—					(2,504	)
Gain on sale of product line		6,995						—					6,995
Total interest and other income, net		14,640			(1	)		(1,029	)				13,610
(Loss) income before income taxes		31,502			(1,425	)		(1,495	)				28,581
(Provision for) benefit from income taxes		(7,450	)		—			604		(k	)		(6,846	)
Net (loss) income	$	24,052		$	(1,425	)	$	(891	)			$	21,736
Net (loss) income per basic common share	$	0.42										$	0.38
Shares used in basic per-share calculation		56,644											56,644
Net (loss) income per diluted common share	$	0.38										$	0.34
Shares used in diluted per-share calculation		67,806											67,806

See accompanying notes to pro forma condensed consolidated financial statements.

4

Electronics for Imaging, Inc.

Unaudited Pro Forma Condensed Combined Statement of Operations

for the year ended December 31, 2005

(in thousands, except per share amounts)	EFI historical (as Restated)			Jetrion historical			Pro forma adjustments			See Note 3:		EFI pro forma
Revenue	$	467,117		$	10,844		$	—				$	477,961
Cost of revenue (1)		178,665			8,118			—					186,783
Gross profit		288,452			2,726			—					291,178
Operating expenses:
Research and development (1)		110,086			2,823			(37	)	(j	)		112,872
Sales and marketing (1)		82,039			4,620			(57	)	(j	)		86,602
General and administrative (1)		35,856						(28	)	(j	)		35,828
Restructuring charges		2,685						—					2,685
Amortization of identified intangibles		26,434						1,417		(j	)		27,851
In-process research & development charge		45,300						—					45,300
Total operating expenses		302,400			7,443			1,296					311,138
(Loss) income from operations		(13,948	)		(4,717	)		(1,296	)				(19,960	)
Interest and other income, net:
Interest and other income (expense), net		14,489			8			(2,059	)	(i	)		12,438
Interest expense		(5,010	)					—					(5,010	)
Total interest and other income, net		9,479			8			(2,059	)				7,428
(Loss) income before income taxes		(4,469	)		(4,709	)		(3,355	)				(12,533	)
(Provision for) benefit from income taxes		(711	)					1,356		(k	)		645
Net (loss) income	$	(5,180	)	$	(4,709	)	$	(1,998	)			$	(11,888	)
Net (loss) income per basic common share	$	(0.10	)									$	(0.22	)
Shares used in basic per-share calculation		54,425											54,425
Net (loss) income per diluted common share	$	(0.10	)									$	(0.22	)
Shares used in diluted per-share calculation		54,425											54,425

See accompanying notes to pro forma condensed consolidated financial statements.

5

Notes to the Unaudited Pro Forma Condensed Combined Financial Statements

(in thousands, except per share data)

1. Description of the Transaction and Basis of Presentation

Description of Transaction

On October 31, 2006, Electronics For Imaging, Inc., a Delaware corporation (“EFI”), and Electronics For Imaging, International, a wholly owned subsidiary of EFI organized under the laws of the Cayman Islands (“EFI International”), completed the previously announced acquisition of Jetrion, LLC, a Michigan limited liability company (“Jetrion”). EFI International acquired all of the equity securities of Jetrion from Flint Group North America Corporation, a Michigan corporation (“Seller”), pursuant to the Amended and Restated Equity Purchase Agreement, dated as of October 31, 2006 (the “Purchase Agreement”) among EFI, EFI International, Jetrion and Seller.

The aggregate purchase price EFI International paid for Jetrion was approximately $40 million in cash, subject to adjustment as set forth in the Purchase Agreement. For additional information see the amended and restated equity purchase agreement dated October 31, 2006 among Electronics For Imaging, Inc.; Electronics For Imaging, International; Jetrion, LLC and Flint Group North America Corporation (incorporated by reference to Exhibit 2.1 of Form 8-K filed by EFI with the Securities and Exchange Commission on November 3, 2006).

2. Purchase Price

The purchase price allocation included in these pro forma financial statements was based on the final valuations of identifiable assets, goodwill, and certain other assets and liabilities. The purchase method of accounting has been used in the preparation of the accompanying unaudited pro forma condensed combined financial statements. Under this method of accounting, the purchase consideration is allocated to the tangible and identifiable assets acquired and liabilities assumed according to their respective fair values, with the excess purchase consideration being recorded as goodwill.

Purchase price:
Cash paid to seller					$	40,065
Acquisition costs comprised of investment banking fees, legal fees and accounting and administrative fees						1,362
Total purchase price					$	41,427
Net assets acquired:
Tangible assets in excess of liabilities assumed					$	4,885
In-process research and development						8,500
Developed technology	$	1,500	(3 year life	)
Customer relationships		1,200	(3 to 9 year life	)
Existing NRE Contracts		600	(1 year life	)
Trademarks and trade names		300	(3 year life	)
Identifiable intangibles						3,600
Goodwill						24,442
Total purchase price					$	41,427

As required by Financial Accounting Standards Board (“FASB”) Interpretation Number 4, “Applicability of FASB Statement Number 2 to Business Combinations Accounted for by the Purchase Method” (“FIN 4”), the portion of the purchase price allocated to the acquired in-process research and development of $8.5 million has been immediately expensed. An adjustment for the estimated in-process research and development charge incurred by EFI has not been included in the unaudited pro forma condensed combined statements of operation since such adjustment, as it relates to this acquisition, is non-recurring in nature.

6

3. Pro Forma Adjustments

(a)	Cash paid to seller	$	40,065
	Acquisition costs		1,362
		$	41,427
(b)	Elimination of historical Jetrion goodwill	$	(11,428	)
	Recognition of goodwill as a result of the Jetrion purchase		24,442
		$	13,014
(c)	Elimination of historical Jetrion identified intangibles	$	(3,874	)
	Recognition of identified intangibles as a result of the Jetrion purchase:
	Developed Technology	$	1,500
	Trademarks and trade names		300
	Customer Relationships		1,200
	Existing NRE Contracts		600
	In process technology		8,500
	Recognition of identified intangibles		12,100
	Write off of acquired in-process research and development		(8,500	)
		$	(274	)
(d)	Elimination of Jetrion members’ equity balances at June 30, 2006:
	Members’ equity	$	(24,340	)
	Accumulated deficit	$	2,973
	Write-off acquired In-Process R&D		(8,500	)
		$	(5,527	)
(e)	To adjust Accounts Receivable to fair value	$	(123	)
		$	(123	)
(f)	To adjust inventory for a step-up in basis to fair value	$	172
		$	172
(g)	To adjust liabilities to fair value	$	25
		$	25
(h)	To adjust PP&E to fair value	$	1,204
		$	1,204
			06/30/06			12/31/05
(i)	To reduce interest income related to reduction in cash balances expended due to the acquisition based on the acutal investment return yields of 5%	$	(1,029	)	$	(2,059	)
		$	(1,029	)	$	(2,059	)

7

(j)	To eliminate Jetrion’s amortization of acquired identified intangibles:
	R&D	$	(74	)	$	(37	)
	G&A		(55	)		(28	)
	Sales		(114	)		(57	)
		$	(243	)	$	(121	)
	R&D	$	250		$	500
	G&A		50			100
	Sales		409			817
	Recognize amortization of EFI acquired intangibles:	$	709		$	1,417
	Net adjustment to operating expenses	$	466		$	931

Summary of amortization expense for intangible assets

	Fair Value	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9
Existing Technology	1,500	500	500	500	—	—	—	—	—	—
Trade marks and Trade Names	300	100	100	100	—	—	—	—	—	—
Customer Relationships	300	100	100	100	—	—	—	—	—	—
Customer Relationships	500	71	71	71	71	71	71	71	—	—
Customer Relationships	100	13	13	13	13	13	13	13	13	—
Customer Relationships	300	33	33	33	33	33	33	33	33	33
Existing NRE Contracts	600	600	—	—	—	—	—	—	—	—
		1,417	817	817	117	117	117	117	46	33

(k)	To record proforma income tax 40.421% based on	$	604	$	1,356
	EFI’s effective tax rate for 2005 and 2006	$	604	$	1,356

8