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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net Income (Loss) $ 259,688 $ 1,252,388
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided (Used) by Operating Activities:    
Equity-Based and Other Non-Cash Compensation 184,135 168,792
Change in Unrealized (Gains) Losses - Asset Management 258,789 (634,632)
Net Accretion and Amortization 32,180 74,962
Other Non-Cash Amounts 49,999 7,971
Cash Flows Due to Changes in Operating Assets and Liabilities:    
Change in Due from / to Affiliates (145,301) (68,560)
Change in Other Assets 493,728 610,079
Change in Accrued Expenses and Other Liabilities 699,553 (491,656)
Net Cash Provided (Used) by Operating Activities (1,932,888) 916,818
Investing Activities    
Net Cash Provided (Used) by Investing Activities (3,818,533) (1,997,829)
Financing Activities    
Series C Mandatory Convertible Preferred Stock Dividends (17,250) (17,250)
Common Stock Dividends (133,470) (85,741)
Distributions to Redeemable Noncontrolling Interests (636) (635)
Distributions to Noncontrolling Interests (1,840,303) (1,873,873)
Contributions from Noncontrolling Interests 2,468,778 3,494,333
Repurchases of Common Stock 0 (346,651)
Proceeds from Debt Obligations 3,378,792 5,515,904
Repayment of Debt Obligations (1,858,984) (5,484,370)
Financing Costs Paid 0 (42,816)
Net Cash Provided (Used) by Financing Activities 2,072,968 4,146,476
Effect of exchange rate changes on cash, cash equivalents and restricted cash 21,603 (49,376)
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash (3,656,850) 3,016,089
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 13,385,370 10,526,304
Cash, Cash Equivalents and Restricted Cash, End of Period 9,728,520 13,542,393
Cash, Cash Equivalents and Restricted Cash are comprised of the following:    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total 9,728,520 13,542,393
Supplemental Disclosures of Cash Flow Information    
Payments for Interest 566,904 329,776
Payments for Income Taxes 21,441 24,406
Payments for Operating Lease Liabilities 15,281 11,600
Supplemental Disclosures of Non-Cash Investing and Financing Activities    
Equity-Based and Other Non-Cash Contributions 129,272 134,964
Non-Cash Contribution from Noncontrolling Interests 0 85,258
Debt Obligations - Net Gains (Losses), Translation and Other (428,559) 545,574
Tax Effects - Exchange of KKR Holdings L.P. Units and Other 0 26,780
Right-of-Use Assets obtained in Exchange for new Operating Lease Liabilities 17,167 1,211
Investments Acquired through Reinsurance Agreements 0 2,697,956
Policyholder Liabilities and Accruals Acquired through Reinsurance Agreements 242,554 236,698
Contractholder Deposit Funds Acquired through Reinsurance Agreements 24,083 2,537,960
Change in Consolidation    
Investments - Insurance (93,545) 0
Noncontrolling Interests (93,545) 0
Asset Management    
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided (Used) by Operating Activities:    
Net Realized (Gains) Losses - Asset Management (99,380) (279,629)
Change in Unrealized (Gains) Losses - Asset Management 258,789 (634,632)
Capital Allocation-Based (Income) Loss - Asset Management (449,018) 945,743
Cash Flows Due to Changes in Operating Assets and Liabilities:    
Investments Purchased - Asset Management (9,966,282) (12,736,719)
Proceeds from Investments - Asset Management 5,229,772 12,123,184
Financing Activities    
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 6,958,756 6,833,966
Cash, Cash Equivalents and Restricted Cash, End of Period 5,737,740 8,428,858
Cash, Cash Equivalents and Restricted Cash are comprised of the following:    
Cash and Cash Equivalents 5,576,121 8,324,897
Restricted Cash and Cash Equivalents 161,619 103,961
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total 5,737,740 8,428,858
Insurance    
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided (Used) by Operating Activities:    
Net Realized (Gains) Losses on Insurance Operations 953,155 (270,658)
Interest Credited to Policyholder Account Balances (net of Policy Fees) - Insurance 623,849 470,543
Cash Flows Due to Changes in Operating Assets and Liabilities:    
Reinsurance Transactions and Acquisitions, Net of Cash Provided - Insurance 242,554 5,764
Change in Premiums, Notes Receivable and Reinsurance Recoverable, Net of Reinsurance Premiums Payable - Insurance (263,534) 291,418
Change in Deferred Policy Acquisition Costs - Insurance (166,926) (120,435)
Change in Policy Liabilities and Accruals, Net - Insurance 130,151 (431,737)
Investing Activities    
Purchases of Fixed Assets (23,207) (11,888)
Investments Purchased - Insurance (8,769,518) (15,105,620)
Proceeds from Investments - Insurance 4,956,273 13,130,681
Other Investing Activities, Net - Insurance 17,919 (11,002)
Financing Activities    
Additions to Contractholder Deposit Funds - Insurance 4,547,895 5,066,018
Withdrawals from Contractholder Deposit Funds - Insurance (4,060,332) (2,628,071)
Reinsurance Transactions, Net of Cash Provided - Insurance 79,516 46,566
Other Financing Activity, Net - Insurance (491,038) 503,062
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 6,426,614 3,692,338
Cash, Cash Equivalents and Restricted Cash, End of Period 3,990,780 5,113,535
Cash, Cash Equivalents and Restricted Cash are comprised of the following:    
Cash and Cash Equivalents 3,713,382 4,590,032
Restricted Cash and Cash Equivalents 277,398 523,503
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total $ 3,990,780 $ 5,113,535