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OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES
6 Months Ended
Jun. 30, 2017
OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES  
OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES
OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES
 
Other Assets consist of the following:
 
 
June 30, 2017
 
December 31, 2016
Unsettled Investment Sales (1)
$
133,493

 
$
144,600

Receivables
333,976

 
49,279

Due from Broker (2)
497,265

 
1,084,602

Oil & Gas Assets, net (3)
264,256

 
276,694

Deferred Tax Assets, net
277,317

 
286,948

Interest Receivable
201,157

 
158,511

Fixed Assets, net (4)
322,968

 
283,262

Foreign Exchange Contracts and Options (5)
113,147

 
240,627

Intangible Assets, net (6)
19,320

 
135,024

Goodwill (6)
83,500

 
89,000

Derivative Assets
64,466

 
81,593

Deferred Transaction Related Expenses
41,571

 
17,688

Prepaid Taxes
45,479

 
46,996

Prepaid Expenses
15,188

 
17,761

Deferred Financing Costs
10,318

 
10,507

Other
70,108

 
73,773

Total
$
2,493,529

 
$
2,996,865

 
 
 
 
 
(1)
Represents amounts due from third parties for investments sold for which cash settlement has not occurred.
(2)
Represents amounts held at clearing brokers resulting from securities transactions.
(3)
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.
(4)
Net of accumulated depreciation and amortization of $149,694 and $141,911 as of June 30, 2017 and December 31, 2016, respectively. Depreciation and amortization expense of $3,867 and $3,988 for the three months ended June 30, 2017 and 2016, respectively, and $8,064 and $7,904 for the six months ended June 30, 2017 and 2016, respectively, is included in General, Administrative and Other in the accompanying condensed consolidated statements of operations.
(5)
Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign currency denominated investments.
(6)
See Note 16 “Goodwill and Intangible Assets.”

    


Accounts Payable, Accrued Expenses and Other Liabilities consist of the following:
 
 
June 30, 2017
 
December 31, 2016
Amounts Payable to Carry Pool (1)
$
1,152,015

 
$
987,994

Unsettled Investment Purchases (2)
913,528

 
722,076

Securities Sold Short (3) 
583,665

 
647,234

Derivative Liabilities
78,671

 
100,015

Accrued Compensation and Benefits
181,255

 
20,764

Interest Payable
148,847

 
114,894

Foreign Exchange Contracts and Options (4)
176,400

 
75,218

Accounts Payable and Accrued Expenses
128,341

 
114,854

Deferred Rent
20,053

 
19,144

Taxes Payable
25,518

 
12,514

Redemptions Payable

 
4,021

Due to Broker (5)

 
83,206

Other Liabilities
99,836

 
79,326

Total
$
3,508,129

 
$
2,981,260

 
 
 
 
 

(1)
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.
(2)
Represents amounts owed to third parties for investment purchases for which cash settlement has not occurred.
(3)
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 condensed consolidated statements of operations. See Note 3 “Net Gains (Losses) from Investment Activities” for the net changes in fair value associated with these instruments.
(4)
Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign currency denominated investments.
(5)
Represents amounts owed for securities transactions initiated at clearing brokers.