XML 15 R5.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Income (Parenthetical) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
General and administrative $ 9.2 $ 8.9 $ 26.5 $ 24.7
Depreciation and amortization 46.1 39.2 132.7 125.3
Total revenue 139.6 114.4 400.4 322.2
Principal co-investments 30.3 96.8 147.9 151.9
Performance allocations (18.0) 46.3 0.5 62.0
Total income from unconsolidated subsidiaries 12.3 143.1 148.4 213.9
Gain on sale of real estate, net 37.0 15.0 50.8 417.0
Share-based compensation 7.3 6.9 21.7 21.9
Performance allocation compensation (6.6) 2.9 3.2 3.2
Total expenses 129.7 124.4 397.3 379.1
Interest expense (57.1) (45.3) (160.8) (141.4)
Loss on early extinguishment of debt (1.3) 0.0 (2.4) (38.6)
Other income 36.7 0.3 46.1 (3.7)
Income before income taxes 37.5 103.1 85.2 390.3
Provision for income taxes (13.9) (30.6) (22.5) (98.2)
Net income 23.6 72.5 62.7 292.1
Net loss (income) attributable to the noncontrolling interests 0.7 (2.3) 0.5 (3.5)
Preferred dividends (7.9) (4.3) (21.0) (12.9)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 16.4 $ 65.9 $ 42.2 $ 275.7
(Loss) income per share (in dollars per share) $ 0.12 $ 0.48 $ 0.31 $ 1.98
Weighted average shares outstanding (in shares) 136,840,874 138,934,754 136,832,102 138,989,733
Loss (income) per share (in dollars per share) $ 0.12 $ 0.47 $ 0.31 $ 1.96
Weighted average shares outstanding (in shares) 137,078,495 139,437,126 137,136,352 140,565,582
Dividends declared per common share (in dollars per share) $ 0.24 $ 0.22 $ 0.72 $ 0.66
Investment management fees        
Investment management and property services fees— related party $ 11.2 $ 9.2 $ 33.5 $ 25.4
Total revenue 11.2 9.2 33.5 25.4
Property services fees        
Total revenue 0.5 0.5 1.3 1.7
Rental        
Cost of goods and services 38.6 32.4 110.7 97.8
Total revenue 110.9 96.1 324.4 279.7
Hotel        
Cost of goods and services 8.6 3.7 20.5 7.8
Total revenue 14.0 6.2 33.2 9.2
Compensation and related        
Cost of goods and services 26.5 30.4 82.0 98.4
Loan and other        
Total revenue $ 3.0 $ 2.4 $ 8.0 $ 6.2