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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 4 Months Ended 6 Months Ended
Apr. 30, 2014
Jun. 30, 2014
Jun. 30, 2015
Apr. 30, 2014
Jun. 30, 2015
Successor Company          
Revenues          
Loan interest income   $ 53,683 $ 72,132   $ 147,460
Securities interest income   5,087 16,258   31,849
Oil and gas revenue   31,930 6,351   9,179
Other   3,613 10,950   14,989
Total revenues   94,313 105,691   203,477
Investment costs and expenses          
Interest expense   35,896 58,322   114,167
Oil and gas production costs   7,860 298   250
Oil and gas depreciation, depletion and amortization   11,134 2,003   3,005
Other   774 1,827   2,681
Total investment costs and expenses   55,664 62,450   120,103
Other income (loss)          
Net realized and unrealized gain (loss) on investments   54,100 (6,408)   13,491
Net realized and unrealized gain (loss) on derivatives and foreign exchange   (9,164) 15,859   6,759
Net realized and unrealized gain (loss) on debt   (25,396) (4,977)   (88,793)
Other income (loss)   1,347 3,561   7,414
Total other income (loss)   20,887 8,035   (61,129)
Other expenses          
Related party management compensation   10,406 9,817   20,037
General, administrative and directors' expenses   2,413 1,674   7,486
Professional services   1,545 778   1,914
Total other expenses   14,364 12,269   29,437
Income (loss) before income taxes   45,172 39,007   (7,192)
Income tax expense (benefit)   28 729   1,076
Net income (loss)   45,144 38,278   (8,268)
Net income (loss) attributable to noncontrolling interests   0 (2,705)   (8,776)
Net income (loss) attributable to KKR Financial Holdings LLC and Subsidiaries   45,144 40,983   508
Preferred share distributions   6,891 6,891   13,782
Net income (loss) available to common shares   $ 38,253 $ 34,092   $ (13,274)
Predecessor Company          
Revenues          
Loan interest income $ 29,802     $ 114,096  
Securities interest income 3,480     13,081  
Oil and gas revenue 17,754     61,782  
Other 25,616     28,283  
Total revenues 76,652     217,242  
Investment costs and expenses          
Interest expense 17,117     64,362  
Oil and gas production costs 3,938     14,772  
Oil and gas depreciation, depletion and amortization 6,929     22,471  
Other 71     220  
Total investment costs and expenses 28,055     101,825  
Other income (loss)          
Net realized and unrealized gain (loss) on investments (16,211)     61,553  
Net realized and unrealized gain (loss) on derivatives and foreign exchange (1,413)     (9,783)  
Net realized and unrealized gain (loss) on debt 0     0  
Other income (loss) 1,118     4,564  
Total other income (loss) (16,506)     56,334  
Other expenses          
Related party management compensation 4,224     29,841  
General, administrative and directors' expenses 4,988     8,891  
Professional services 24,939     26,877  
Total other expenses 34,151     65,609  
Income (loss) before income taxes (2,060)     106,142  
Income tax expense (benefit) 143     162  
Net income (loss) (2,203)     105,980  
Net income (loss) attributable to noncontrolling interests 0     0  
Net income (loss) attributable to KKR Financial Holdings LLC and Subsidiaries (2,203)     105,980  
Preferred share distributions 0     6,891  
Net income (loss) available to common shares $ (2,203)     $ 99,089  
Net income (loss) per common share:          
Basic (in dollars per share) $ (0.01)     $ 0.48  
Diluted (in dollars per share) $ (0.01)     $ 0.48  
Weighted-average number of common shares outstanding:          
Basic (in shares) 204,398     204,276  
Diluted (in shares) 204,398     204,276