XML 71 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 4 Months Ended 5 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Apr. 30, 2014
Sep. 30, 2014
Sep. 30, 2015
Successor Company          
Revenues          
Loan interest income $ 62,743 $ 81,944   $ 135,627 $ 210,203
Securities interest income 15,297 14,323   19,410 47,146
Oil and gas revenue 3,876 17,929   49,859 13,055
Other 7,193 10,560   14,173 22,182
Total revenues 89,109 124,756   219,069 292,586
Investment costs and expenses          
Interest expense 47,422 47,682   83,578 161,589
Oil and gas production costs 248 6,701   14,561 498
Oil and gas depreciation, depletion and amortization 1,404 5,968   17,102 4,409
Other 1,278 989   1,763 3,959
Total investment costs and expenses 50,352 61,340   117,004 170,455
Other income (loss)          
Net realized and unrealized gain (loss) on investments (232,549) (127,418)   (73,318) (219,058)
Net realized and unrealized gain (loss) on derivatives and foreign exchange (10,304) 152   (9,012) (3,545)
Net realized and unrealized gain (loss) on debt 54,860 (1,453)   (26,849) (33,933)
Other income (loss) 2,544 3,034   4,381 9,958
Total other income (loss) (185,449) (125,685)   (104,798) (246,578)
Other expenses          
Related party management compensation 9,449 12,544   22,950 29,486
General, administrative and directors' expenses 1,779 2,041   4,454 9,265
Professional services 319 313   1,858 2,233
Total other expenses 11,547 14,898   29,262 40,984
Income (loss) before income taxes (158,239) (77,167)   (31,995) (165,431)
Income tax expense (benefit) 94 34   62 1,170
Net income (loss) (158,333) (77,201)   (32,057) (166,601)
Net income (loss) attributable to noncontrolling interests (6,676) 816   816 (15,452)
Net income (loss) attributable to KKR Financial Holdings LLC and Subsidiaries (151,657) (78,017)   (32,873) (151,149)
Preferred share distributions 6,891 6,891   13,782 20,673
Net income (loss) available to common shares $ (158,548) $ (84,908)   $ (46,655) $ (171,822)
Predecessor Company          
Revenues          
Loan interest income     $ 114,096    
Securities interest income     13,081    
Oil and gas revenue     61,782    
Other     28,283    
Total revenues     217,242    
Investment costs and expenses          
Interest expense     64,362    
Oil and gas production costs     14,772    
Oil and gas depreciation, depletion and amortization     22,471    
Other     220    
Total investment costs and expenses     101,825    
Other income (loss)          
Net realized and unrealized gain (loss) on investments     61,553    
Net realized and unrealized gain (loss) on derivatives and foreign exchange     (9,783)    
Net realized and unrealized gain (loss) on debt     0    
Other income (loss)     4,564    
Total other income (loss)     56,334    
Other expenses          
Related party management compensation     29,841    
General, administrative and directors' expenses     8,891    
Professional services     26,877    
Total other expenses     65,609    
Income (loss) before income taxes     106,142    
Income tax expense (benefit)     162    
Net income (loss)     105,980    
Net income (loss) attributable to noncontrolling interests     0    
Net income (loss) attributable to KKR Financial Holdings LLC and Subsidiaries     105,980    
Preferred share distributions     6,891    
Net income (loss) available to common shares     $ 99,089    
Net income (loss) per common share:          
Basic (in dollars per share)     $ 0.48    
Diluted (in dollars per share)     $ 0.48    
Weighted-average number of common shares outstanding:          
Basic (in shares)     204,276    
Diluted (in shares)     204,276