Accelerated Share Repurchases |
The following table presents KKR & Co. Inc. common stock that has been repurchased or equity awards retired under the repurchase program: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2023 | | 2022 | | 2023 | | 2022 | | | | | | | | Shares of common stock repurchased | 5,086,354 | | | — | | | 5,086,354 | | | 5,191,174 | | | | | | | | | Equity awards for common stock retired | 604,281 | | | 596,437 | | | 604,281 | | | 596,437 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Schedule of Calculation of Noncontrolling Interests |
The following tables present the calculation of total noncontrolling interests: | | | | | | | | | | | | | | | Three Months Ended June 30, 2023 | | | | Six Months Ended June 30, 2023 | Beginning of Period (as previously reported for the prior period) | $ | 37,316,569 | | | | | $ | 35,778,000 | | Adoption of New Accounting Standard (See Note 2) | — | | | | | 632,858 | | Balance at the beginning of the period (as revised for the prior period) | 37,316,569 | | | | | 36,410,858 | | Net Income (Loss) Attributable to Noncontrolling Interests | 266,086 | | | | | 193,083 | | Other Comprehensive Income (Loss), net of tax | (77,150) | | | | | 290,038 | | Change in KKR & Co. Inc.'s Ownership Interest | (113,121) | | | | | (113,121) | | Equity Based Compensation (Non cash Contribution) | 71,080 | | | | | 147,676 | | Capital Contributions | 4,935,615 | | | | | 7,404,393 | | Capital Distributions | (1,897,563) | | | | | (3,737,866) | | Changes in Consolidation | (72,062) | | | | | (165,607) | | Balance at the end of the period | $ | 40,429,454 | | | | | $ | 40,429,454 | |
| | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2022 | | | | Six Months Ended June 30, 2022 | Beginning of Period (as previously reported for the prior period) | $ | 41,501,791 | | | | | $ | 40,474,565 | | Adoption of New Accounting Standard (See Note 2) | 491,360 | | | | | 104,961 | | Balance at the beginning of the period (as revised for the prior period) | 41,993,151 | | | | | 40,579,526 | | Net Income (Loss) Attributable to Noncontrolling Interests | (1,096,715) | | | | | 148,272 | | Other Comprehensive Income (Loss), net of tax | (1,546,467) | | | | | (3,166,939) | | Exchange of KKR Holdings units to Common Stock | (12,865) | | | | | (12,865) | | Equity Based Compensation (Non cash Contribution) | 145,670 | | | | | 229,062 | | Capital Contributions | 3,852,457 | | | | | 7,432,048 | | Capital Distributions | (1,742,028) | | | | | (3,615,901) | | Holdings Merger (1) | (7,197,950) | | | | | (7,197,950) | | Change in KKR & Co. Inc.'s Ownership Interest | (155,284) | | | | | (155,284) | | Balance at the end of the period | $ | 34,239,969 | | | | | $ | 34,239,969 | |
(1)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.
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