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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
4 Months Ended 8 Months Ended 12 Months Ended
Apr. 30, 2014
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2013
Successor Company        
Revenues        
Loan interest income   $ 212,431 $ 275,935  
Securities interest income   32,016 52,502  
Oil and gas revenue   57,616 15,677  
Other   48,282 31,142  
Total revenues   350,345 375,256  
Investment costs and expenses        
Interest expense   144,437 211,942  
Interest expense to affiliates   0 0  
Provision for loan losses   0 0  
Oil and gas production costs   15,229 734  
Oil and gas depreciation, depletion and amortization   19,458 5,406  
Other   2,012 5,575  
Total investment costs and expenses   181,136 223,657  
Other income (loss)        
Net realized and unrealized gain (loss) on investments   (349,372) (427,709)  
Net realized and unrealized gain (loss) on derivatives and foreign exchange   (18,507) 2,158  
Net realized and unrealized gain (loss) on debt   16,478 (19,659)  
Net gain (loss) on restructuring and extinguishment of debt   0 0  
Other income (loss)   7,019 12,567  
Total other income (loss)   (344,382) (432,643)  
Other expenses        
Related party management compensation   33,764 38,086  
General, administrative and directors' expenses   6,498 11,614  
Professional services   3,310 2,741  
Total other expenses   43,572 52,441  
Income (loss) before income taxes   (218,745) (333,485)  
Income tax expense (benefit)   484 1,190  
Net income (loss)   (219,229) (334,675)  
Net income (loss) attributable to noncontrolling interests   (5,956) (23,429)  
Net income (loss) attributable to KKR Financial Holdings LLC and Subsidiaries   (213,273) (311,246)  
Preferred share distributions   20,673 27,564  
Net income (loss) available to common shares   $ (233,946) $ (338,810)  
Predecessor Company        
Revenues        
Loan interest income $ 114,096     $ 360,287
Securities interest income 13,081     49,518
Oil and gas revenue 61,782     119,178
Other 28,283     16,923
Total revenues 217,242     545,906
Investment costs and expenses        
Interest expense 64,362     163,216
Interest expense to affiliates 0     26,943
Provision for loan losses 0     32,812
Oil and gas production costs 14,772     35,814
Oil and gas depreciation, depletion and amortization 22,471     44,061
Other 220     2,859
Total investment costs and expenses 101,825     305,705
Other income (loss)        
Net realized and unrealized gain (loss) on investments 61,553     157,074
Net realized and unrealized gain (loss) on derivatives and foreign exchange (9,783)     (6,838)
Net realized and unrealized gain (loss) on debt 0     0
Net gain (loss) on restructuring and extinguishment of debt 0     (20,015)
Other income (loss) 4,564     20,704
Total other income (loss) 56,334     150,925
Other expenses        
Related party management compensation 29,841     68,576
General, administrative and directors' expenses 8,891     19,524
Professional services 26,877     9,329
Total other expenses 65,609     97,429
Income (loss) before income taxes 106,142     293,697
Income tax expense (benefit) 162     467
Net income (loss) 105,980     293,230
Net income (loss) attributable to noncontrolling interests 0     0
Net income (loss) attributable to KKR Financial Holdings LLC and Subsidiaries 105,980     293,230
Preferred share distributions 6,891     27,411
Net income (loss) available to common shares $ 99,089     $ 265,819
Net income (loss) per common share:        
Basic (in dollars per share) $ 0.48     $ 1.31
Diluted (in dollars per share) $ 0.48     $ 1.31
Weighted-average number of common shares outstanding:        
Basic (in shares) 204,276     202,411
Diluted (in shares) 204,276     202,411