XML 59 R75.htm IDEA: XBRL DOCUMENT v3.19.3
Guarantor and Non-Guarantor Financial Statements - Consolidating Statement of Operations (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Total revenue $ 143.0 $ 185.8 $ 427.4 $ 593.7
Expenses        
General and administrative 8.4 11.7 30.2 36.6
Depreciation and amortization 46.4 51.5 141.7 158.7
Total expenses 147.9 177.2 444.8 578.6
Income from unconsolidated investments 84.0 24.0 131.6 60.9
Income from consolidated subsidiaries 0.0 0.0 0.0 0.0
Non-operating income (expense)        
Gain on sale of real estate 6.3 39.4 252.4 304.2
Acquisition-related expenses (4.0) (0.4) (5.9) (0.6)
Interest expense (51.8) (55.2) (162.8) (181.3)
Other income (loss) 0.0 3.4 (0.6) 14.6
Income before provision for income taxes 29.6 19.8 197.3 212.9
Benefit from (provision for) income taxes (10.2) (6.9) (35.1) (33.7)
Net income 19.4 12.9 162.2 179.2
Net loss (income) attributable to the noncontrolling interests 1.3 (0.8) (96.0) (59.9)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders 20.7 12.1 66.2 119.3
Rental [Member]        
Revenue        
Total revenue 108.3 123.4 336.1 392.6
Expenses        
Cost of goods and services 39.0 38.2 113.3 119.5
Hotel [Member]        
Revenue        
Total revenue 25.1 43.5 62.9 117.6
Expenses        
Cost of goods and services 17.3 30.6 47.6 90.8
Sale of Real Estate [Member]        
Revenue        
Total revenue 0.0 6.5 1.1 48.7
Expenses        
Cost of goods and services 0.0 5.8 1.2 45.6
Investment Management, Property Services and Research Fees [Member]        
Revenue        
Total revenue 9.6 12.4 27.3 34.8
Commission and Marketing [Member]        
Expenses        
Cost of goods and services 1.2 1.1 2.9 4.6
Compensation and Related [Member]        
Expenses        
Cost of goods and services 35.6 38.3 107.9 122.8
Reportable Legal Entities [Member] | Parent [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Expenses        
General and administrative 0.0 0.0 0.0 0.0
Depreciation and amortization 0.0 0.0 0.0 0.0
Total expenses 7.5 9.2 25.1 27.9
Income from unconsolidated investments 0.0 0.0 0.0 0.0
Income from consolidated subsidiaries 26.9 22.1 187.3 207.1
Non-operating income (expense)        
Gain on sale of real estate 0.0 0.0 0.0 0.0
Acquisition-related expenses 0.0 0.0 0.0 0.0
Interest expense 0.0 0.0 0.0 0.0
Other income (loss) 0.0 0.0 0.0 0.0
Income before provision for income taxes 19.4 12.9 162.2 179.2
Benefit from (provision for) income taxes 0.0 0.0 0.0
Net income 19.4 12.9 162.2 179.2
Net loss (income) attributable to the noncontrolling interests 0.0 0.0 0.0 0.0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders 19.4 12.9 162.2 179.2
Reportable Legal Entities [Member] | Parent [Member] | Rental [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Expenses        
Cost of goods and services 0.0 0.0 0.0 0.0
Reportable Legal Entities [Member] | Parent [Member] | Hotel [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Expenses        
Cost of goods and services 0.0 0.0 0.0 0.0
Reportable Legal Entities [Member] | Parent [Member] | Sale of Real Estate [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Expenses        
Cost of goods and services 0.0 0.0 0.0 0.0
Reportable Legal Entities [Member] | Parent [Member] | Investment Management, Property Services and Research Fees [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Reportable Legal Entities [Member] | Parent [Member] | Commission and Marketing [Member]        
Expenses        
Cost of goods and services 0.0 0.0 0.0 0.0
Reportable Legal Entities [Member] | Parent [Member] | Compensation and Related [Member]        
Expenses        
Cost of goods and services 7.5 9.2 25.1 27.9
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Expenses        
General and administrative 4.4 4.3 14.4 13.6
Depreciation and amortization 0.2 0.3 0.9 1.0
Total expenses 22.2 18.5 65.1 62.5
Income from unconsolidated investments (0.3) (0.2) 0.1 (0.9)
Income from consolidated subsidiaries 76.2 61.9 336.1 338.5
Non-operating income (expense)        
Gain on sale of real estate 0.0 0.0 0.0 0.0
Acquisition-related expenses (2.7) 0.0 (2.7) 0.0
Interest expense (16.6) (18.5) (53.3) (57.9)
Other income (loss) 0.5 2.9 1.5 12.9
Income before provision for income taxes 34.9 27.6 216.6 230.1
Benefit from (provision for) income taxes (8.0) (5.5) (29.3) (23.0)
Net income 26.9 22.1 187.3 207.1
Net loss (income) attributable to the noncontrolling interests 0.0 0.0 0.0 0.0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders 26.9 22.1 187.3 207.1
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Rental [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Expenses        
Cost of goods and services 0.0 0.0 0.0 0.0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Hotel [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Expenses        
Cost of goods and services 0.0 0.0 0.0 0.0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Sale of Real Estate [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Expenses        
Cost of goods and services 0.0 0.0 0.0 0.0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Investment Management, Property Services and Research Fees [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Commission and Marketing [Member]        
Expenses        
Cost of goods and services 0.0 0.0 0.0 0.0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Compensation and Related [Member]        
Expenses        
Cost of goods and services 17.6 13.9 49.8 47.9
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]        
Revenue        
Total revenue 52.1 51.0 154.0 160.5
Expenses        
General and administrative 3.7 5.2 11.3 15.9
Depreciation and amortization 15.0 13.4 45.0 42.6
Total expenses 45.6 51.0 134.7 153.4
Income from unconsolidated investments 74.5 14.6 70.3 38.2
Income from consolidated subsidiaries (0.7) 58.3 274.6 271.9
Non-operating income (expense)        
Gain on sale of real estate 8.2 0.0 8.2 61.4
Acquisition-related expenses (0.1) (0.1) (0.2) (0.1)
Interest expense (12.5) (11.6) (36.9) (40.8)
Other income (loss) 0.0 0.0 0.2 0.1
Income before provision for income taxes 75.9 61.2 335.5 337.8
Benefit from (provision for) income taxes 0.3 0.7 0.6 0.7
Net income 76.2 61.9 336.1 338.5
Net loss (income) attributable to the noncontrolling interests 0.0 0.0 0.0 0.0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders 76.2 61.9 336.1 338.5
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Rental [Member]        
Revenue        
Total revenue 43.1 39.4 128.4 128.5
Expenses        
Cost of goods and services 16.6 17.5 46.7 47.3
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Hotel [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Expenses        
Cost of goods and services 0.0 0.0 0.0 0.0
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Sale of Real Estate [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Expenses        
Cost of goods and services 0.0 0.0 0.0 0.0
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Investment Management, Property Services and Research Fees [Member]        
Revenue        
Total revenue 9.0 11.6 25.6 32.0
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Commission and Marketing [Member]        
Expenses        
Cost of goods and services 1.2 1.1 2.9 4.6
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Compensation and Related [Member]        
Expenses        
Cost of goods and services 9.1 13.8 28.8 43.0
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member]        
Revenue        
Total revenue 90.9 134.8 273.4 433.2
Expenses        
General and administrative 0.3 2.2 4.5 7.1
Depreciation and amortization 31.2 37.8 95.8 115.1
Total expenses 72.6 98.5 219.9 334.8
Income from unconsolidated investments 9.8 9.6 61.2 23.6
Income from consolidated subsidiaries 0.0 0.0 0.0 0.0
Non-operating income (expense)        
Gain on sale of real estate (1.9) 39.4 244.2 242.8
Acquisition-related expenses (1.2) (0.3) (3.0) (0.5)
Interest expense (22.7) (25.1) (72.6) (82.6)
Other income (loss) (0.5) 0.5 (2.3) 1.6
Income before provision for income taxes 1.8 60.4 281.0 283.3
Benefit from (provision for) income taxes (2.5) (2.1) (6.4) (11.4)
Net income (0.7) 58.3 274.6 271.9
Net loss (income) attributable to the noncontrolling interests 1.3 (0.8) (96.0) (59.9)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders 0.6 57.5 178.6 212.0
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Rental [Member]        
Revenue        
Total revenue 65.2 84.0 207.7 264.1
Expenses        
Cost of goods and services 22.4 20.7 66.6 72.2
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Hotel [Member]        
Revenue        
Total revenue 25.1 43.5 62.9 117.6
Expenses        
Cost of goods and services 17.3 30.6 47.6 90.8
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Sale of Real Estate [Member]        
Revenue        
Total revenue 0.0 6.5 1.1 48.7
Expenses        
Cost of goods and services 0.0 5.8 1.2 45.6
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Investment Management, Property Services and Research Fees [Member]        
Revenue        
Total revenue 0.6 0.8 1.7 2.8
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Commission and Marketing [Member]        
Expenses        
Cost of goods and services 0.0 0.0 0.0 0.0
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Compensation and Related [Member]        
Expenses        
Cost of goods and services 1.4 1.4 4.2 4.0
Elimination [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Expenses        
General and administrative 0.0 0.0 0.0 0.0
Depreciation and amortization 0.0 0.0 0.0 0.0
Total expenses 0.0 0.0 0.0 0.0
Income from unconsolidated investments 0.0 0.0 0.0 0.0
Income from consolidated subsidiaries (102.4) (142.3) (798.0) (817.5)
Non-operating income (expense)        
Gain on sale of real estate 0.0 0.0 0.0 0.0
Acquisition-related expenses 0.0 0.0 0.0 0.0
Interest expense 0.0 0.0 0.0 0.0
Other income (loss) 0.0 0.0 0.0 0.0
Income before provision for income taxes (102.4) (142.3) (798.0) (817.5)
Benefit from (provision for) income taxes 0.0 0.0 0.0
Net income (102.4) (142.3) (798.0) (817.5)
Net loss (income) attributable to the noncontrolling interests 0.0 0.0 0.0 0.0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders (102.4) (142.3) (798.0) (817.5)
Elimination [Member] | Rental [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Expenses        
Cost of goods and services 0.0 0.0 0.0 0.0
Elimination [Member] | Hotel [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Expenses        
Cost of goods and services 0.0 0.0 0.0 0.0
Elimination [Member] | Sale of Real Estate [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Expenses        
Cost of goods and services 0.0 0.0 0.0 0.0
Elimination [Member] | Investment Management, Property Services and Research Fees [Member]        
Revenue        
Total revenue 0.0 0.0 0.0 0.0
Elimination [Member] | Commission and Marketing [Member]        
Expenses        
Cost of goods and services 0.0 0.0 0.0 0.0
Elimination [Member] | Compensation and Related [Member]        
Expenses        
Cost of goods and services $ 0.0 $ 0.0 $ 0.0 $ 0.0