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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of calculation of noncontrolling interests held by KKR Holdings

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Balance at the beginning of the period

 

$

5,118,491

 

$

4,950,914

 

$

5,116,761

 

$

4,981,864

 

Net income (loss) attributable to noncontrolling interests held by KKR Holdings (a)

 

186,776

 

28,106

 

487,590

 

362,218

 

Other comprehensive income (loss), net of tax (b)

 

872

 

(3,430

)

3,341

 

(4,750

)

Impact of the exchange of KKR Holdings units to KKR & Co. L.P. common units (c) 

 

(100,001

)

(152,628

)

(244,522

)

(243,643

)

Equity based compensation

 

45,161

 

54,382

 

80,312

 

108,614

 

Capital contributions

 

388

 

328

 

848

 

799

 

Capital distributions

 

(169,032

)

(178,558

)

(361,675

)

(505,988

)

Balance at the end of the period

 

$

5,082,655

 

$

4,699,114

 

$

5,082,655

 

$

4,699,114

 

 

(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,

 

 

 

2014

 

2013

 

2014

 

2013

 

Net income (loss)

 

$

2,052,496

 

$

277,258

 

$

4,056,662

 

$

2,375,444

 

Less: Net income (loss) attributable to Redeemable Noncontrolling Interests

 

(6,809

)

(7,800

)

3,828

 

16,823

 

Less: Net income (loss) attributable to Noncontrolling Interests in consolidated entities and appropriated capital

 

1,694,314

 

241,818

 

3,176,988

 

1,787,830

 

Plus: Income taxes attributable to KKR Management Holdings Corp.

 

688

 

3,215

 

11,635

 

9,874

 

Net income (loss) attributable to KKR & Co. L.P. and KKR Holdings

 

$

365,679

 

$

46,455

 

$

887,481

 

$

580,665

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to noncontrolling interests held by KKR Holdings

 

$

186,776

 

$

28,106

 

$

487,590

 

$

362,218

 

Schedule of fees

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Transaction Fees

 

$

71,822

 

$

58,295

 

$

226,976

 

$

96,720

 

Management Fees

 

58,683

 

43,591

 

108,868

 

84,615

 

Oil and Gas Revenue

 

56,208

 

 

73,989

 

 

Monitoring Fees

 

39,064

 

37,768

 

91,413

 

76,416

 

Consulting Fees

 

12,134

 

11,299

 

22,485

 

25,612

 

Incentive Fees

 

11,459

 

15,423

 

28,565

 

34,253

 

Total Fees

 

$

249,370

 

$

166,376

 

$

552,296

 

$

317,616