Schedule of Calculation of Noncontrolling Interests |
The following tables present the calculation of total noncontrolling interests: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2022 | | Noncontrolling Interests in Consolidated Entities and Other | | Noncontrolling Interests Held by KKR Holdings | | Total Noncontrolling Interests | Balance at the beginning of the period | $ | 33,664,541 | | | $ | — | | | $ | 33,664,541 | | Net income (loss) attributable to noncontrolling interests (1) | (6,792) | | | — | | | (6,792) | | Other comprehensive income (loss), net of tax (2) | (815,541) | | | — | | | (815,541) | | | | | | | | Equity-based and other non-cash compensation | 65,179 | | | — | | | 65,179 | | Capital contributions | 3,685,933 | | | — | | | 3,685,933 | | Capital distributions | (2,143,703) | | | — | | | (2,143,703) | | | | | | | | | | | | | | Balance at the end of the period | $ | 34,449,617 | | | $ | — | | | $ | 34,449,617 | |
| | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2022 | | Noncontrolling Interests in Consolidated Entities and Other | | Noncontrolling Interests Held by KKR Holdings | | Total Noncontrolling Interests | Balance at the beginning of the period | $ | 32,043,699 | | | $ | 8,430,866 | | | $ | 40,474,565 | | Net income (loss) attributable to noncontrolling interests (1) | 271,678 | | | (313,019) | | | (41,341) | | Other comprehensive income (loss), net of tax (2) | (3,434,340) | | | (1,074,414) | | | (4,508,754) | | Exchange of KKR Holdings Units to Common Stock (3) | — | | | (12,865) | | | (12,865) | | Equity-based and other non-cash compensation | 193,907 | | | 100,334 | | | 294,241 | | Capital contributions | 11,117,981 | | | — | | | 11,117,981 | | Capital distributions | (5,588,024) | | | (171,580) | | | (5,759,604) | | Holdings Merger (4) | — | | | (6,959,322) | | | (6,959,322) | | Change in KKR & Co. Inc.'s Ownership Interest | (155,284) | | | — | | | (155,284) | | Balance at the end of the period | $ | 34,449,617 | | | $ | — | | | $ | 34,449,617 | |
| | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2021 | | | Noncontrolling Interests in Consolidated Entities and Other | | Noncontrolling Interests Held by KKR Holdings | | Total Noncontrolling Interests | Balance at the beginning of the period | | $ | 28,402,888 | | | $ | 7,935,515 | | | $ | 36,338,403 | | Net income (loss) attributable to noncontrolling interests (1) | | 1,452,730 | | | 670,839 | | | 2,123,569 | | Other comprehensive income (loss), net of tax (2) | | (54,640) | | | (31,904) | | | (86,544) | | | | | | | | | Equity-based and other non-cash compensation | | 32,255 | | | 8,764 | | | 41,019 | | Capital contributions | | 3,658,497 | | | — | | | 3,658,497 | | Capital distributions | | (1,981,504) | | | (49,844) | | | (2,031,348) | | | | | | | | | Changes in consolidation | | (12,352) | | | — | | | (12,352) | | Balance at the end of the period | | $ | 31,497,874 | | | $ | 8,533,370 | | | $ | 40,031,244 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2021 | | | Noncontrolling Interests in Consolidated Entities and Other | | Noncontrolling Interests Held by KKR Holdings | | Total Noncontrolling Interests | Balance at the beginning of the period | | $ | 20,570,716 | | | $ | 6,512,382 | | | $ | 27,083,098 | | Net income (loss) attributable to noncontrolling interests (1) | | 4,889,401 | | | 2,425,961 | | | 7,315,362 | | Other comprehensive income (loss), net of tax (2) | | (132,351) | | | (77,377) | | | (209,728) | | Exchange of KKR Holdings Units to Common Stock(3) | | — | | | (122,065) | | | (122,065) | | Equity-based and other non-cash compensation | | 71,993 | | | 35,734 | | | 107,727 | | Capital contributions | | 9,721,024 | | | 25 | | | 9,721,049 | | Capital distributions | | (3,734,474) | | | (241,290) | | | (3,975,764) | | Impact of Acquisition (5) | | 190,405 | | | — | | | 190,405 | | Changes in consolidation | | (78,840) | | | — | | | (78,840) | | Balance at the end of the period | | $ | 31,497,874 | | | $ | 8,533,370 | | | $ | 40,031,244 | |
(1)Refer to the table below for calculation of net income (loss) attributable to noncontrolling interests formerly held by KKR Holdings. (2)With respect to noncontrolling interests formerly held by KKR Holdings, calculated on a pro rata basis based on the weighted average KKR Group Partnership Units formerly held by KKR Holdings during the reporting period. (3)Calculated based on the proportion of KKR Holdings units exchanged for KKR & Co. Inc. common stock. The exchange agreement with KKR Holdings provided for the exchange of KKR Group Partnership Units held by KKR Holdings for KKR & Co. Inc. common stock. (4)Refer to Note 1 "Organization" for further information on the Reorganization Mergers that closed on May 31, 2022, pursuant to which KKR acquired KKR Holdings and all of the KKR Group Partnership Units held by it, and all outstanding KKR Holdings units were exchanged for KKR & Co. Inc. common stock. (5)Represents other noncontrolling interests at the GA Acquisition Date.
|
Schedule of Net Income (Loss) Attributable to Noncontrolling Interests Held by KKR Holdings |
The following table presents net income (loss) attributable to noncontrolling interests held by KKR Holdings:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | | | Nine Months Ended September 30, | | | | | 2022 | | 2021 | | | | 2022 | | 2021 | | | | | Net income (loss) | | $ | (79,587) | | | $ | 3,281,645 | | | | | $ | (981,395) | | | $ | 11,459,886 | | | | | | (-) Net income (loss) attributable to Redeemable Noncontrolling Interests | | 1,601 | | | 1,519 | | | | | 1,546 | | | 2,856 | | | | | | (-) Net income (loss) attributable to Noncontrolling Interests in consolidated entities and other | | (6,792) | | | 1,452,730 | | | | | 271,678 | | | 4,889,401 | | | | | | (-) Series A and B Preferred Stock Dividends | | — | | | 7,953 | | | | | — | | | 36,647 | | | | | | (-) Series C Mandatory Convertible Preferred Stock Dividends | | 17,250 | | | 17,250 | | | | | 51,750 | | | 51,750 | | | | | | (+) Income tax expense (benefit) attributable to KKR & Co. Inc. | | (45,975) | | | 311,745 | | | | | (313,679) | | | 1,104,628 | | | | | | | | | | | | | | | | | | | | | Net income (loss) attributable to KKR & Co. Inc. Common Stockholders and KKR Holdings | | $ | (137,621) | | | $ | 2,113,938 | | | | | $ | (1,620,048) | | | $ | 7,583,860 | | | | | | | | | | | | | | | | | | | | | Net income (loss) attributable to Noncontrolling Interests held by KKR Holdings | | $ | — | | | $ | 670,839 | | | | | $ | (313,019) | | | $ | 2,425,961 | | | | | |
|