XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Assets    
Cash and cash equivalents $ 282.7 $ 182.6
Cash held by consolidated investments 692.5 549.0
Accounts receivable (including $29.7 and $22.9 of related party) 64.1 54.7
Real estate and acquired in place lease values, net of accumulated depreciation and amortization 6,129.1 5,797.5
Loan purchases and originations (including $0 and $40.9 of related party) 109.2 299.7
Unconsolidated investments (including $227.0 and $223.8 at fair value) 432.9 444.9
Other assets 256.3 267.2
Total assets [1] 7,966.8 7,595.6
Liabilities    
Accounts payable 14.6 22.2
Accrued expenses and other liabilities 440.1 392.0
Total liabilities [1] 5,438.8 4,730.5
Equity    
Cumulative preferred stock, $0.0001 par value per share: 1,000,000 shares authorized $1,000 per share liquidation preference; 32,550 shares of Series B preferred stock issued and outstanding as of September 30, 2016 and December 31, 2015 0.0 0.0
Common stock, 113,318,152 and 114,533,581 shares issued and outstanding as of September 30, 2016 and December 31, 2015 0.0 0.0
Additional paid-in capital 1,231.6 1,225.7
Accumulated deficit (106.7) (44.2)
Accumulated other comprehensive loss (61.7) (47.7)
Total Kennedy-Wilson Holdings, Inc. shareholders' equity 1,063.2 1,133.8
Noncontrolling interests 1,464.8 1,731.3
Total equity 2,528.0 2,865.1
Total liabilities and equity 7,966.8 7,595.6
Investment Debt [Member]    
Liabilities    
Long-term debt 4,047.6 3,627.5
Senior Notes [Member]    
Liabilities    
Long-term debt $ 936.5 $ 688.8
[1] The assets and liabilities as of September 30, 2016 include $4,913.0 million (including cash held by consolidated investments of $647.5 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $3,914.1 million) and $2,877.6 million (including investment debt of $2,566.7 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2015 include $4,973.9 million (including cash held by consolidated investments of $507.8 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $3,955.8 million) and $2,655.1 million (including investment debt of $2,414.0 million), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.