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OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)
3 Months Ended
Mar. 31, 2016
OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES  
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.