Schedule of other assets |
Other Assets consist of the following: | | | | | | | | | | March 31, 2016 | | December 31, 2015 | Due from Broker (a) | $ | 340,702 |
| | $ | 365,678 |
| Oil & Gas Assets, net (b) | 298,010 |
| | 355,537 |
| Deferred Tax Assets, net | 290,723 |
| | 275,391 |
| Interest, Dividend and Notes Receivable (c) | 277,229 |
| | 372,699 |
| Fixed Assets, net (d) | 230,134 |
| | 226,340 |
| Intangible Assets, net (e) | 171,731 |
| | 176,987 |
| Unsettled Investment Sales (f) | 147,332 |
| | 74,862 |
| Foreign Exchange Contracts and Options (g) | 99,726 |
| | 635,183 |
| Goodwill (e) | 89,000 |
| | 89,000 |
| Receivables | 84,882 |
| | 78,297 |
| Derivative Assets | 10,040 |
| | 5,703 |
| Deferred Transaction Related Expenses | 35,462 |
| | 35,422 |
| Prepaid Taxes | 21,855 |
| | 24,326 |
| Prepaid Expenses | 15,383 |
| | 13,697 |
| Deferred Financing Costs | 13,907 |
| | 65,225 |
| Other | 60,980 |
| | 14,790 |
| Total | $ | 2,187,096 |
| | $ | 2,809,137 |
|
| | (a) | Represents amounts held at clearing brokers resulting from securities transactions. |
| | (b) | Includes proved and unproved oil and natural gas properties under the successful efforts method of accounting, which is net of impairment write-downs, accumulated depreciation, depletion and amortization. |
| | (c) | Represents interest and dividend receivables and a promissory note due from a third party. The promissory note bears interest at 2.0% per annum and matures in January 2018. |
| | (d) | Net of accumulated depreciation and amortization of $139,442 and $135,487 as of March 31, 2016 and December 31, 2015, respectively. Depreciation and amortization expense of $3,916 and $3,914 for the three months ended March 31, 2016 and 2015, respectively, is included in General, Administrative and Other in the accompanying consolidated statements of operations. |
| | (e) | See Note 16 “Goodwill and Intangible Assets.” |
| | (f) | Represents amounts due from third parties for investments sold for which cash settlement has not occurred. |
| | (g) | Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign denominated investments. Such instruments are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 3 “Net Gains (Losses) from Investment Activities” for the net changes in fair value associated with these instruments. |
|
Schedule of accounts payable, accrued expenses and other liabilities |
Accounts Payable, Accrued Expenses and Other Liabilities consist of the following: | | | | | | | | | | March 31, 2016 | | December 31, 2015 | Amounts Payable to Carry Pool (a) | $ | 1,113,450 |
| | $ | 1,199,000 |
| Securities Sold Short (b) | 400,053 |
| | 299,990 |
| Unsettled Investment Purchases (c) | 222,287 |
| | 594,152 |
| Derivative Liabilities | 133,769 |
| | 104,518 |
| Interest Payable | 92,255 |
| | 102,195 |
| Accounts Payable and Accrued Expenses | 79,038 |
| | 112,007 |
| Accrued Compensation and Benefits | 59,987 |
| | 17,765 |
| Contingent Consideration Obligation (d) | 46,600 |
| | 46,600 |
| Deferred Rent and Income | 23,677 |
| | 21,706 |
| Foreign Exchange Contracts and Options (e) | 18,222 |
| | 83,748 |
| Redemptions Payable | 17,155 |
| | — |
| Taxes Payable | 13,733 |
| | 8,770 |
| Due to Broker (f) | — |
| | 27,121 |
| Other Liabilities | 43,087 |
| | 97,778 |
| Total | $ | 2,263,313 |
| | $ | 2,715,350 |
|
| | (a) | Represents the amount of carried interest payable to principals, professionals and other individuals with respect to KKR’s active funds and co-investment vehicles that provide for carried interest. |
| | (b) | Represents the obligations of KKR to deliver a specified security at a future point in time. Such securities are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 3 “Net Gains (Losses) from Investment Activities” for the net changes in fair value associated with these instruments. |
| | (c) | Represents amounts owed to third parties for investment purchases for which cash settlement has not occurred. |
| | (d) | Represents potential contingent consideration related to the acquisition of Prisma. |
| | (e) | Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign denominated investments. Such instruments are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 3 “Net Gains (Losses) from Investment Activities” for the net changes in fair value associated with these instruments. |
| | (f) | Represents amounts owed for securities transactions initiated at clearing brokers. |
|