XML 126 R109.htm IDEA: XBRL DOCUMENT v3.8.0.1
GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS - Condensed Consolidating Statements of Cash Flows (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Condensed Financial Statements, Captions [Line Items]      
Net cash provided by operating activities $ 73.0 $ 102.9 $ 178.2
Cash flows from investing activities:      
Additions to loans   (16.1) (235.8)
Collections of loans 16.9 146.9 27.8
Nonrefundable escrow deposits 0.0 0.0 (3.8)
Net proceeds from sale of real estate 659.1 540.1 622.6
Purchases of and additions to real estate (814.3) (949.6) (1,927.6)
Investment in marketable securities (0.8) (3.2) (5.0)
Proceeds from sale of marketable securities 1.1 0.0 6.2
Investing distributions from unconsolidated investments 133.4 89.6 180.0
Contributions to unconsolidated investments (79.9) (124.9) (184.3)
Proceeds from settlement of foreign currency derivative contracts (2.8) 38.6 41.5
Purchases of foreign currency derivative contracts (0.4) (8.1) (5.2)
Additions to development project asset (19.4) 0.0 0.0
Proceeds from development project asset 36.9 0.0 0.0
(Investments in) distributions from consolidated subsidiaries, net 0.0 0.0 0.0
Net cash used in investing activities (70.2) (286.7) (1,483.6)
Cash flow from financing activities:      
Borrowings under senior notes payable 0.0 250.0 0.0
Repayment of senior notes payable (55.0) 0.0 0.0
Costs associated with KWE Transaction (55.8) 0.0 0.0
Borrowings under lines of credit 800.0 125.0 95.0
Repayment of lines of credit (500.0) (125.0) (220.0)
Borrowings under investment debt 848.3 1,189.7 2,087.9
Repayment of investment debt (684.7) (608.1) (681.1)
Debt issue costs (9.5) (10.8) (21.7)
Issuance of common stock 0.0 0.0 215.0
Repurchase of common stock (67.7) (64.8) (11.4)
Cash paid to acquire noncontrolling interest in KWE (719.8) 0.0 0.0
Dividends paid (59.2) (64.8) (51.8)
Acquisition of noncontrolling interests (3.3) (196.9) (68.4)
Contributions from noncontrolling interests 47.4 42.1 14.5
Distributions to noncontrolling interests (106.0) (116.6) (239.2)
Net cash (used in) provided by financing activities (565.3) 419.8 1,118.8
Effect of currency exchange rate changes on cash and cash equivalents 28.1 (81.9) (19.5)
Net change in cash and cash equivalents (534.4) 154.1 (206.1)
Cash and cash equivalents, beginning of year 885.7 731.6 937.7
Cash and cash equivalents, end of year 351.3 885.7 731.6
Reportable Legal Entities [Member] | Parent [Member]      
Condensed Financial Statements, Captions [Line Items]      
Net cash provided by operating activities (15.3) (0.2) 5.3
Cash flows from investing activities:      
Additions to loans   0.0 0.0
Collections of loans 0.0 0.0 0.0
Nonrefundable escrow deposits     0.0
Net proceeds from sale of real estate 0.0 0.0 0.0
Purchases of and additions to real estate 0.0 0.0 0.0
Investment in marketable securities 0.0 0.0 0.0
Proceeds from sale of marketable securities 0.0   0.0
Investing distributions from unconsolidated investments 0.0 0.0 0.0
Contributions to unconsolidated investments 0.0 0.0 0.0
Proceeds from settlement of foreign currency derivative contracts 0.0 0.0 0.0
Purchases of foreign currency derivative contracts 0.0 0.0 0.0
Additions to development project asset 0.0    
Proceeds from development project asset 0.0    
(Investments in) distributions from consolidated subsidiaries, net 198.0 129.8 (157.1)
Net cash used in investing activities 198.0 129.8 (157.1)
Cash flow from financing activities:      
Borrowings under senior notes payable   0.0  
Repayment of senior notes payable 0.0    
Costs associated with KWE Transaction (55.8)    
Borrowings under lines of credit 0.0 0.0 0.0
Repayment of lines of credit 0.0 0.0 0.0
Borrowings under investment debt 0.0 0.0 0.0
Repayment of investment debt 0.0 0.0 0.0
Debt issue costs 0.0 0.0 0.0
Issuance of common stock     215.0
Repurchase of common stock (67.7) (64.8) (11.4)
Cash paid to acquire noncontrolling interest in KWE 0.0    
Dividends paid (59.2) (64.8) (51.8)
Acquisition of noncontrolling interests 0.0 0.0 0.0
Contributions from noncontrolling interests 0.0 0.0 0.0
Distributions to noncontrolling interests 0.0 0.0 0.0
Net cash (used in) provided by financing activities (182.7) (129.6) 151.8
Effect of currency exchange rate changes on cash and cash equivalents 0.0 0.0 0.0
Net change in cash and cash equivalents 0.0 0.0 0.0
Cash and cash equivalents, beginning of year 0.0 0.0 0.0
Cash and cash equivalents, end of year 0.0 0.0 0.0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]      
Condensed Financial Statements, Captions [Line Items]      
Net cash provided by operating activities (182.8) (207.9) 67.4
Cash flows from investing activities:      
Additions to loans   (11.6) (41.0)
Collections of loans 0.0 6.6 0.0
Nonrefundable escrow deposits     0.0
Net proceeds from sale of real estate 0.0 0.0 0.0
Purchases of and additions to real estate 0.0 0.0 0.0
Investment in marketable securities 0.0 0.0 0.0
Proceeds from sale of marketable securities 0.0   0.0
Investing distributions from unconsolidated investments 0.0 0.0
Contributions to unconsolidated investments 0.0 (1.0) (2.9)
Proceeds from settlement of foreign currency derivative contracts (2.8) 38.6 23.4
Purchases of foreign currency derivative contracts (0.4) (8.1) (3.6)
Additions to development project asset 0.0    
Proceeds from development project asset 0.0    
(Investments in) distributions from consolidated subsidiaries, net (126.2) (36.9) 128.4
Net cash used in investing activities (129.4) (12.4) 104.3
Cash flow from financing activities:      
Borrowings under senior notes payable   250.0  
Repayment of senior notes payable (55.0)    
Costs associated with KWE Transaction 0.0    
Borrowings under lines of credit 800.0 125.0 95.0
Repayment of lines of credit (500.0) (125.0) (220.0)
Borrowings under investment debt 0.0 0.0 0.0
Repayment of investment debt 0.0 0.0 0.0
Debt issue costs (5.4) (3.9) (4.7)
Issuance of common stock     0.0
Repurchase of common stock 0.0 0.0 0.0
Cash paid to acquire noncontrolling interest in KWE 0.0    
Dividends paid 0.0 0.0 0.0
Acquisition of noncontrolling interests 0.0 0.0 0.0
Contributions from noncontrolling interests 0.0 0.0 0.0
Distributions to noncontrolling interests 0.0 0.0 0.0
Net cash (used in) provided by financing activities 239.6 246.1 (129.7)
Effect of currency exchange rate changes on cash and cash equivalents 0.0 0.0 0.0
Net change in cash and cash equivalents (72.6) 25.8 42.0
Cash and cash equivalents, beginning of year 106.0 80.2 38.2
Cash and cash equivalents, end of year 33.4 106.0 80.2
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]      
Condensed Financial Statements, Captions [Line Items]      
Net cash provided by operating activities (51.4) 102.2 105.4
Cash flows from investing activities:      
Additions to loans   (4.5) 0.0
Collections of loans 6.4 4.9 8.8
Nonrefundable escrow deposits     0.0
Net proceeds from sale of real estate 130.8 109.2 0.0
Purchases of and additions to real estate (422.5) (404.2) (220.3)
Investment in marketable securities (0.8) (3.2) (5.0)
Proceeds from sale of marketable securities 1.1   6.2
Investing distributions from unconsolidated investments 95.2 54.5 83.1
Contributions to unconsolidated investments (49.8) (104.4) (81.5)
Proceeds from settlement of foreign currency derivative contracts 0.0 0.0 0.0
Purchases of foreign currency derivative contracts 0.0 0.0 0.0
Additions to development project asset 0.0    
Proceeds from development project asset 0.0    
(Investments in) distributions from consolidated subsidiaries, net 166.3 (95.4) (40.0)
Net cash used in investing activities (73.3) (443.1) (248.7)
Cash flow from financing activities:      
Borrowings under senior notes payable   0.0  
Repayment of senior notes payable 0.0    
Costs associated with KWE Transaction 0.0    
Borrowings under lines of credit 0.0 0.0 0.0
Repayment of lines of credit 0.0 0.0 0.0
Borrowings under investment debt 239.5 530.9 168.1
Repayment of investment debt (103.4) (179.5) (7.4)
Debt issue costs (1.9) (2.1) (1.4)
Issuance of common stock     0.0
Repurchase of common stock 0.0 0.0 0.0
Cash paid to acquire noncontrolling interest in KWE 0.0    
Dividends paid 0.0 0.0 0.0
Acquisition of noncontrolling interests 0.0 0.0 0.0
Contributions from noncontrolling interests 0.0 0.0 0.0
Distributions to noncontrolling interests 0.0 0.0 0.0
Net cash (used in) provided by financing activities 134.2 349.3 159.3
Effect of currency exchange rate changes on cash and cash equivalents 0.0 0.0 0.0
Net change in cash and cash equivalents 9.5 8.4 16.0
Cash and cash equivalents, beginning of year 45.4 37.0 21.0
Cash and cash equivalents, end of year 54.9 45.4 37.0
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]      
Condensed Financial Statements, Captions [Line Items]      
Net cash provided by operating activities 322.5 208.8 0.1
Cash flows from investing activities:      
Additions to loans   0.0 (194.8)
Collections of loans 10.5 135.4 19.0
Nonrefundable escrow deposits     (3.8)
Net proceeds from sale of real estate 528.3 430.9 622.6
Purchases of and additions to real estate (391.8) (545.4) (1,707.3)
Investment in marketable securities 0.0 0.0 0.0
Proceeds from sale of marketable securities 0.0   0.0
Investing distributions from unconsolidated investments 38.2 35.1 96.9
Contributions to unconsolidated investments (30.1) (19.5) (99.9)
Proceeds from settlement of foreign currency derivative contracts 0.0 0.0 18.1
Purchases of foreign currency derivative contracts 0.0 0.0 (1.6)
Additions to development project asset (19.4)    
Proceeds from development project asset 36.9    
(Investments in) distributions from consolidated subsidiaries, net (238.1) 2.5 68.7
Net cash used in investing activities (65.5) 39.0 (1,182.1)
Cash flow from financing activities:      
Borrowings under senior notes payable   0.0  
Repayment of senior notes payable 0.0    
Costs associated with KWE Transaction 0.0    
Borrowings under lines of credit 0.0 0.0 0.0
Repayment of lines of credit 0.0 0.0 0.0
Borrowings under investment debt 608.8 658.8 1,919.8
Repayment of investment debt (581.3) (428.6) (673.7)
Debt issue costs (2.2) (4.8) (15.6)
Issuance of common stock     0.0
Repurchase of common stock 0.0 0.0 0.0
Cash paid to acquire noncontrolling interest in KWE (719.8)    
Dividends paid 0.0 0.0 0.0
Acquisition of noncontrolling interests (3.3) (196.9) (68.4)
Contributions from noncontrolling interests 47.4 42.1 14.5
Distributions to noncontrolling interests (106.0) (116.6) (239.2)
Net cash (used in) provided by financing activities (756.4) (46.0) 937.4
Effect of currency exchange rate changes on cash and cash equivalents 28.1 (81.9) (19.5)
Net change in cash and cash equivalents (471.3) 119.9 (264.1)
Cash and cash equivalents, beginning of year 734.3 614.4 878.5
Cash and cash equivalents, end of year $ 263.0 $ 734.3 $ 614.4