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. |
|