Schedule of Basic and Diluted Net Income (Loss) Attributable to KKR & Co. per Share of Common Stock |
For the three months ended March 31, 2024 and 2023, basic and diluted Net Income (Loss) attributable to KKR & Co. Inc. per share of common stock were calculated as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | | | | | | | | | | 2024 | | 2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Basic | | | | | | | | | | | | | $ | 682,214 | | $ | 322,744 | | | | (+) Series C Mandatory Convertible Preferred Dividend (if dilutive) (1) | | | | | | | | | | | | | — | | — | | | | Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Diluted | | | | | | | | | | | | | $ | 682,214 | | $ | 322,744 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | Basic Net Income (Loss) Per Share of Common Stock | | | | | | | | | | | | | | | | | | Weighted Average Shares of Common Stock Outstanding - Basic | | | | | | | | | | | | | 885,005,824 | | | 861,108,510 | | | | Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock - Basic | | | | | | | | | | | | | $ | 0.77 | | | $ | 0.37 | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | Diluted Net Income (Loss) Per Share of Common Stock | | | | | | | | | | | | | | | | | | Weighted Average Shares of Common Stock Outstanding - Basic | | | | | | | | | | | | | 885,005,824 | | | 861,108,510 | | | | Incremental Common Shares: | | | | | | | | | | | | | | | | | | Assumed vesting of dilutive equity awards (2) | | | | | | | | | | | | | 40,135,342 | | | 26,060,826 | | | | Assumed conversion of Series C Mandatory Convertible Preferred Stock (1) | | | | | | | | | | | | | — | | | — | | | | Weighted Average Shares of Common Stock Outstanding - Diluted | | | | | | | | | | | | | 925,141,166 | | | 887,169,336 | | | | Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock - Diluted | | | | | | | | | | | | | $ | 0.74 | | | $ | 0.36 | | | | | | | | | | | | | | | | | | | | | |
(1)For the three months ended March 31, 2023, the impact of Series C Mandatory Convertible Preferred Stock calculated under the if-converted method was anti-dilutive, and as such (i) 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 not included in the Weighted Average Shares of Common Stock Outstanding - Diluted and (ii) Series C Mandatory Convertible Preferred dividends were not added back to Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Diluted. (2)For the three months ended March 31, 2024 and 2023, 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. 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.
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