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OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES
9 Months Ended
Sep. 30, 2019
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:
 
September 30, 2019
 
December 31, 2018
Unsettled Investment Sales (1)
$
121,012

 
$
101,789

Receivables
58,734

 
27,258

Due from Broker (2)
202,018

 
396,512

Oil & Gas Assets, net (3)
211,752

 
225,256

Deferred Tax Assets, net
252,733

 
538,161

Interest Receivable
194,301

 
241,547

Fixed Assets, net (4)
601,498

 
451,206

Foreign Exchange Contracts and Options (5)
356,314

 
177,264

Intangible Assets, net (6)
8,132

 
9,863

Goodwill (7)
83,500

 
83,500

Derivative Assets
28,512

 
40,995

Deposits
7,905

 
7,299

Prepaid Taxes
116,004

 
69,165

Prepaid Expenses
28,701

 
23,551

Operating Lease Right of Use Assets (8)
130,885

 

Deferred Financing Costs
12,614

 
13,871

Other
101,726

 
129,455

Total
$
2,516,341

 
$
2,536,692

(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 $4.7 million and $4.3 million for the three months ended September 30, 2019 and 2018, respectively, and $24.7 million and $17.8 million for the nine months ended September 30, 2019 and 2018, respectively, are included in General, Administrative and Other in the accompanying consolidated statements of operations.
(4)
Net of accumulated depreciation and amortization of $127.9 million and $113.5 million as of September 30, 2019 and December 31, 2018, respectively. Depreciation and amortization expense of $4.3 million and $3.6 million for the three months ended September 30, 2019 and 2018, respectively, and $13.0 million and $11.1 million for the nine months ended September 30, 2019 and 2018, respectively, are included in General, Administrative and Other in the accompanying 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 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 $63.5 million as of September 30, 2019 and December 31, 2018. Amortization expense of $0.4 million and $0.7 million for the three months ended September 30, 2019 and 2018, respectively, and $1.3 million and $7.0 million for the nine months ended September 30, 2019 and 2018, respectively, are included in General, Administrative and Other in the accompanying consolidated statements of operations.
(7)
As of September 30, 2019, the carrying value of goodwill is recorded and assessed for impairment at the reporting unit.
(8)
KKR’s non-cancelable operating leases consist of leases for office space around the world. KKR is the lessee under the terms of the operating leases. For the three and nine months ended September 30, 2019, the operating lease cost was $12.0 million and $35.7 million, respectively.
Accounts Payable, Accrued Expenses and Other Liabilities consist of the following:
 
September 30, 2019
 
December 31, 2018
Amounts Payable to Carry Pool (1)
$
1,308,238

 
$
922,977

Unsettled Investment Purchases (2)
570,869

 
541,165

Securities Sold Short (3) 
336,475

 
344,124

Derivative Liabilities
58,804

 
35,640

Accrued Compensation and Benefits
478,770

 
107,887

Interest Payable
235,665

 
212,969

Foreign Exchange Contracts and Options (4)
4,046

 
60,749

Accounts Payable and Accrued Expenses
146,282

 
130,554

Taxes Payable
29,328

 
24,453

Uncertain Tax Positions
67,658

 
66,775

Unfunded Revolver Commitments
77,909

 
52,066

Operating Lease Liabilities (5)
135,073

 

Other Liabilities
62,396

 
244,631

Total
$
3,511,513

 
$
2,743,990


(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 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 consolidated statements of operations. See Note 3 "Net Gains (Losses) from Investment Activities" for the net changes in fair value associated with these instruments.
(5)
KKR’s operating leases have remaining lease terms that range from approximately one year to 14 years, some of which include options to extend the leases for up to three years. As of September 30, 2019, the weighted average remaining lease term and weighted average discount rate were 4.52 years and 2.53%, respectively.