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: | | | | | | | | | | September 30, 2018 | | December 31, 2017 | Unsettled Investment Sales (1) | $ | 114,149 |
| | $ | 134,781 |
| Receivables | 52,223 |
| | 138,109 |
| Due from Broker (2) | 428,928 |
| | 682,403 |
| Oil & Gas Assets, net (3) | 221,901 |
| | 252,371 |
| Deferred Tax Assets, net | 298,336 |
| | 131,944 |
| Interest Receivable | 227,090 |
| | 189,785 |
| Fixed Assets, net (4) | 422,388 |
| | 364,203 |
| Foreign Exchange Contracts and Options (5) | 98,748 |
| | 96,584 |
| Intangible Assets, net (6) | 10,674 |
| | 129,178 |
| Goodwill (7) | 83,500 |
| | 83,500 |
| Derivative Assets | 45,310 |
| | 85,074 |
| Deposits | 7,646 |
| | 16,330 |
| Prepaid Taxes | 79,769 |
| | 83,371 |
| Prepaid Expenses | 29,306 |
| | 25,677 |
| Deferred Financing Costs | 6,761 |
| | 7,534 |
| Other | 121,018 |
| | 110,231 |
| Total | $ | 2,247,747 |
| | $ | 2,531,075 |
|
| | (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. Depreciation, depletion and amortization amounted to $4,255 and $5,466 for the three months ended September 30, 2018 and 2017, respectively, and $17,800 and $18,563 for the nine months ended September 30, 2018 and 2017, respectively. |
| | (4) | Net of accumulated depreciation and amortization of $168,018 and $156,859 as of September 30, 2018 and December 31, 2017, respectively. Depreciation and amortization expense of $3,649 and $3,710 for the three months ended September 30, 2018 and 2017, respectively, and $11,133 and $11,774 for the nine months ended September 30, 2018 and 2017, 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. Such instruments 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. |
| | (6) | Net of accumulated amortization of $63,188 and $61,348 as of September 30, 2018 and December 31, 2017, respectively. Amortization expense of $681 and $2,473 for the three months ended September 30, 2018 and 2017, respectively, and $7,028 and $13,901 for the nine months ended September 30, 2018 and 2017, respectively, is included in General, Administrative and Other in the accompanying condensed consolidated statements of operations. |
| | (7) | As of September 30, 2018, the carrying value of goodwill is recorded and assessed for impairment at the reporting unit. |
Accounts Payable, Accrued Expenses and Other Liabilities consist of the following: | | | | | | | | | | September 30, 2018 | | December 31, 2017 | Amounts Payable to Carry Pool (1) | $ | 1,300,165 |
| | $ | 1,220,559 |
| Unsettled Investment Purchases (2) | 605,442 |
| | 885,945 |
| Securities Sold Short (3) | 513,442 |
| | 692,007 |
| Derivative Liabilities | 40,738 |
| | 69,381 |
| Accrued Compensation and Benefits | 404,797 |
| | 35,953 |
| Interest Payable | 183,363 |
| | 168,673 |
| Foreign Exchange Contracts and Options (4) | 102,018 |
| | 260,948 |
| Accounts Payable and Accrued Expenses | 126,261 |
| | 152,916 |
| Deferred Rent | 13,997 |
| | 17,441 |
| Taxes Payable | 70,040 |
| | 35,933 |
| Uncertain Tax Positions Reserve | 59,798 |
| | 58,369 |
| Other Liabilities | 265,257 |
| | 56,125 |
| Total | $ | 3,685,318 |
| | $ | 3,654,250 |
|
| | (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. Such instruments 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. |
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