NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Basic and Diluted Net Income (Loss) Attributable to KKR & Co. per Share of Common Stock

For the years ended December 31, 2022, 2021 and 2020, basic and diluted Net Income (Loss) attributable to KKR & Co. Inc. per share of common stock were calculated as follows:


	For the Years Ended December 31,
		2022		2021		2020
Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders		$	(910,130)	$	4,560,829	$	1,945,954

(-) Accumulated Series C Mandatory Convertible Preferred Dividend		—		—		3,067
Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Basic		$	(910,130)	$	4,560,829	$	1,942,887
(+) Series C Mandatory Convertible Preferred Dividend (if dilutive) (1)		—		69,000		26,258
Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Diluted		$	(910,130)	$	4,629,829	$	1,969,145


Basic Net Income (Loss) Per Share of Common Stock
Weighted Average Shares of Common Stock Outstanding - Basic	749,504,970		582,258,984		562,812,883
Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock - Basic	$	(1.21)	$	7.83	$	3.45


Diluted Net Income (Loss) Per Share of Common Stock
Weighted Average Shares of Common Stock Outstanding - Basic	749,504,970		582,258,984		562,812,883
Incremental Common Shares:
Assumed vesting of dilutive equity awards (2)	—		24,011,281		9,823,514
Assumed conversion of Series C Mandatory Convertible Preferred Stock (1)	—		26,822,600		11,048,955
Weighted Average Shares of Common Stock Outstanding - Diluted	749,504,970		633,092,865		583,685,352
Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock - Diluted	$	(1.21)	$	7.31	$	3.37

(1)For the year ended December 31, 2022, the impact of Series C Mandatory Convertible Preferred Stock is excluded from the calculation of Diluted Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock because inclusion of such shares would be anti-dilutive having the effect of decreasing the loss per share of common stock. For the years ended December 31, 2021 and 2020, the impact of Series C Mandatory Convertible Preferred Stock calculated under the if-converted method was dilutive, and as such (i) 26.8 million and 11.0 million, respectively, shares of common stock (assuming a conversion ratio based on the average volume weighted average price per share of common stock over each reporting period) were included in the Weighted Average Shares of Common Stock Outstanding - Diluted and (ii) $69.0 million and $26.3 million, respectively, of Series C Mandatory Convertible Preferred dividends were added back to Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Diluted.

(2)For the year ended December 31, 2022, all unvested equity awards are excluded from the calculation of Diluted Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock because inclusion of such unvested equity awards would be anti-dilutive having the effect of decreasing the loss per share of common stock. For the years ended December 31, 2021 and 2020, Weighted Average Shares of Common Stock Outstanding – Diluted includes unvested equity awards, including certain equity awards that have met their market price-based vesting condition but have not satisfied their service-based vesting condition, which have been granted under the Equity Incentive Plans. Vesting of these equity awards dilute equity holders of KKR Group Partnership, including KKR & Co. Inc. and holders of exchangeable securities pro rata in accordance with their respective ownership interests in KKR Group Partnership.

Schedule of KKR Holdings Shares Excluded from the Calculation of Diluted Net Income (Loss) Attributable to KKR & Co. L.P. per Share of Common Stock - Diluted


	For the Years Ended December 31,
		2022	2021	2020
Weighted Average KKR Holdings Units		107,018,025	271,719,976	283,633,220
Weighted Average Vested Restricted Holdings Units		2,250,186	1,190,590	—
Total		109,268,211	272,910,566	283,633,220