SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
6 Months Ended |
Jun. 30, 2013
|
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
|
Schedule of maximum exposure to loss, before allocations to the carry pool for VIEs in which the entity is not determined to be the primary beneficiary |
|
|
June 30,
2013 |
|
December 31,
2012 |
|
Investments |
|
$ |
199,081 |
|
$ |
188,408 |
|
Due from Affiliates, net |
|
18,178 |
|
2,266 |
|
Maximum Exposure to Loss |
|
$ |
217,259 |
|
$ |
190,674 |
|
|
Schedule of calculation of noncontrolling interests held by KKR Holdings |
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
|
|
|
2013 |
|
2012 |
|
2013 |
|
2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at the beginning of the period |
|
$ |
4,950,914 |
|
$ |
4,560,614 |
|
$ |
4,981,864 |
|
$ |
4,342,157 |
|
Net income (loss) attributable to noncontrolling interests held by KKR Holdings (a) |
|
28,106 |
|
292,833 |
|
362,218 |
|
697,024 |
|
Other comprehensive income (loss) (b) |
|
(3,430 |
) |
(6,863 |
) |
(4,750 |
) |
(4,193 |
) |
Impact of the exchange of KKR Holdings units to KKR & Co. L.P. units (c) |
|
(152,628 |
) |
(60,687 |
) |
(243,643 |
) |
(106,916 |
) |
Equity based compensation |
|
54,382 |
|
79,489 |
|
108,614 |
|
177,566 |
|
Capital contributions |
|
328 |
|
507 |
|
799 |
|
1,221 |
|
Capital distributions |
|
(178,558 |
) |
(70,196 |
) |
(505,988 |
) |
(311,162 |
) |
Balance at the end of the period |
|
$ |
4,699,114 |
|
$ |
4,795,697 |
|
$ |
4,699,114 |
|
$ |
4,795,697 |
|
(a) Refer to the table below for calculation of Net income (loss) attributable to noncontrolling interests held by KKR Holdings.
(b) Calculated on a pro rata basis based on the weighted average KKR Group Partnership Units held by KKR Holdings during the reporting period.
(c) Calculated based on the proportion of KKR Holdings units exchanged for KKR & Co. L.P. common units pursuant to the exchange agreement during the reporting period. The exchange agreement provides for the exchange of KKR Group Partnership Units held by KKR Holdings for KKR & Co. L.P. common units.
|
Schedule of net income (loss) attributable to noncontrolling interests held by KKR Holdings |
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
|
|
|
2013 |
|
2012 |
|
2013 |
|
2012 |
|
Net income (loss) |
|
$ |
277,258 |
|
$ |
1,505,143 |
|
$ |
2,375,444 |
|
$ |
4,477,118 |
|
Less: Net income (loss) attributable to Redeemable Noncontrolling Interests |
|
(7,800 |
) |
3,285 |
|
16,823 |
|
8,557 |
|
Less: Net income (loss) attributable to Noncontrolling Interests in consolidated entities |
|
241,818 |
|
1,062,764 |
|
1,787,830 |
|
3,434,840 |
|
Plus: Income taxes attributable to KKR Management Holdings Corp. |
|
3,215 |
|
7,773 |
|
9,874 |
|
21,117 |
|
Net income (loss) attributable to KKR & Co. L.P. and KKR Holdings |
|
$ |
46,455 |
|
$ |
446,867 |
|
$ |
580,665 |
|
$ |
1,054,838 |
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) attributable to noncontrolling interests held by KKR Holdings |
|
$ |
28,106 |
|
$ |
292,833 |
|
$ |
362,218 |
|
$ |
697,024 |
| |
Schedule of fees |
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
|
|
|
2013 |
|
2012 |
|
2013 |
|
2012 |
|
Transaction Fees |
|
$ |
58,295 |
|
$ |
43,460 |
|
$ |
96,720 |
|
$ |
87,122 |
|
Monitoring & Consulting Fees |
|
49,067 |
|
44,277 |
|
102,028 |
|
87,047 |
|
Management Fees |
|
43,591 |
|
20,566 |
|
84,615 |
|
40,771 |
|
Incentive Fees |
|
15,423 |
|
4,057 |
|
34,253 |
|
13,727 |
|
Total Fees |
|
$ |
166,376 |
|
$ |
112,360 |
|
$ |
317,616 |
|
$ |
228,667 |
|
|