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SEGMENT REPORTING (Tables)
 12 Months Ended
Dec. 31, 2015
Segment reporting  
Schedule showing net income (loss) components and total assets of reportable segments reconciled to amounts reflected in the condensed consolidated financial statements
The following table shows total assets of our reportable segments reconciled to amounts reflected in the consolidated balance sheets as of December 31, 2015 and December 31, 2014 (amounts in thousands):
 
 
Successor Company
 
Credit
 
Natural Resources
 
Other
 
Reconciling Items
 
Total Consolidated(1)
As of
December 31, 2015
 
December 31,
 2014
 
December 31, 2015
 
December 31,
 2014
 
December 31, 2015
 
December 31,
 2014
 
December 31, 2015
 
December 31,
 2014
 
December 31, 2015
 
December 31,
 2014
Total assets
$
7,303,305

 
$
8,438,227

 
$
230,815

 
$
300,281

 
$
254,275

 
$
213,006

 
$
—

 
$
111

 
$
7,788,395

 
$
8,951,625

 
 
 
 
 
(1)
Total consolidated assets as of December 31, 2015 included $82.9 million of noncontrolling interests, of which $50.3 million was related to the Credit segment and $32.6 million was related to the Natural Resources segment. Total consolidated assets as of December 31, 2014 included $100.2 million of noncontrolling interests, of which $62.7 million was related to the Credit segment and $37.4 million was related to the Natural Resources segment.
Successor Company  
Segment reporting  
Schedule showing net income (loss) components and total assets of reportable segments reconciled to amounts reflected in the condensed consolidated financial statements
The following tables present the net income (loss) components of our reportable segments reconciled to amounts reflected in the consolidated statements of operations (amounts in thousands):
 
Successor Company
 
Credit
 
Natural Resources
 
Other
 
Reconciling Items(1)
 
Total Consolidated
 
Year ended December 31, 2015
 
Eight months ended December 31, 2014
 
Year ended December 31, 2015
 
Eight months ended December 31, 2014
 
Year ended December 31, 2015
 
Eight months ended December 31, 2014
 
Year ended December 31, 2015
 
Eight months ended December 31, 2014
 
Year ended December 31, 2015
 
Eight months ended December 31, 2014
Total revenues
$
339,809

 
$
279,639

 
$
15,677

 
$
57,616

 
$
19,770

 
$
13,090

 
$
—

 
$
—

 
$
375,256

 
$
350,345

Total investment costs and expenses
214,464

 
142,204

 
7,625

 
38,117

 
1,568

 
815

 
—

 
—

 
223,657

 
181,136

Total other income (loss)
(391,187
)
 
(241,035
)
 
(70,630
)
 
(115,141
)
 
29,174

 
11,794

 
—

 
—

 
(432,643
)
 
(344,382
)
Total other expenses
50,631

 
40,703

 
1,179

 
2,219

 
412

 
476

 
219

 
174

 
52,441

 
43,572

Income tax expense (benefit)
154

 
49

 
—

 
—

 
1,036

 
435

 
—

 
—

 
1,190

 
484

Net income (loss)
$
(316,627
)
 
$
(144,352
)
 
$
(63,757
)
 
$
(97,861
)
 
$
45,928

 
$
23,158

 
$
(219
)
 
$
(174
)
 
$
(334,675
)
 
$
(219,229
)
Net income (loss) attributable to noncontrolling interests
(16,071
)
 
(1,797
)
 
(7,358
)
 
(4,159
)
 
—

 
—

 
—

 
—

 
(23,429
)
 
(5,956
)
Net income (loss) attributable to KKR Financial Holdings LLC and Subsidiaries
$
(300,556
)
 
$
(142,555
)
 
$
(56,399
)
 
$
(93,702
)
 
$
45,928

 
$
23,158

 
$
(219
)
 
$
(174
)
 
$
(311,246
)
 
$
(213,273
)
 
 
 
 
 
(1)
Consists of insurance and directors’ expenses which are not allocated to individual segments
Predecessor Company  
Segment reporting  
Schedule showing net income (loss) components and total assets of reportable segments reconciled to amounts reflected in the condensed consolidated financial statements
 
Predecessor Company
 
Credit
 
Natural Resources
 
Other
 
Reconciling Items(1)
 
Total Consolidated
 
Four months ended April 30, 2014
 
Year ended December 31, 2013
 
Four months ended April 30, 2014
 
Year ended December 31, 2013
 
Four months ended April 30, 2014
 
Year ended December 31, 2013
 
Four months ended April 30, 2014
 
Year ended December 31, 2013
 
Four months ended April 30, 2014
 
Year ended December 31, 2013
Total revenues
$
134,255

 
$
425,209

 
$
61,782

 
$
119,178

 
$
21,205

 
$
1,519

 
$
—

 
—

 
$
217,242

 
$
545,906

Total investment costs and expenses
62,485

 
218,600

 
38,915

 
86,174

 
425

 
931

 
—

 
—

 
101,825

 
305,705

Total other income (loss)
76,046

 
171,006

 
(8,123
)
 
(13,642
)
 
(11,589
)
 
13,576

 
—

 
(20,015
)
 
56,334

 
150,925

Total other expenses
23,121

 
60,870

 
1,633

 
4,835

 
230

 
606

 
40,625

 
31,118

 
65,609

 
97,429

Income tax expense (benefit)
146

 
450

 
—

 
—

 
16

 
17

 
—

 
—

 
162

 
467

Net income (loss)
$
124,549

 
$
316,295

 
$
13,111

 
$
14,527

 
$
8,945

 
$
13,541

 
$
(40,625
)
 
$
(51,133
)
 
$
105,980

 
$
293,230

 
 
 
 
 

(1)
Consists of certain expenses not allocated to individual segments including (i) other income (loss) comprised of losses on restructuring and extinguishment of debt of zero and $20.0 million for the four months ended April 30, 2014 and year ended December 31, 2013, respectively and (ii) other expenses comprised of incentive fees of $12.9 million and $22.7 million for the four months ended April 30, 2014 and year ended December 31, 2013, respectively, and merger related transaction costs of $22.7 million and zero for the four months ended April 30, 2014 and year ended December 31, 2013, respectively. The remaining reconciling items include insurance expenses, directors’ expenses and share-based compensation expense.