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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets    
Cash and cash equivalents $ 361,344 $ 320,122
Restricted cash and cash equivalents 377,079 487,374
Securities, at estimated fair value 336,764 417,519
Corporate loans, at estimated fair value 4,783,419 5,188,610
Equity investments, at estimated fair value ($71,976 and $82,430 pledged as collateral as of March 31, 2016 and December 31, 2015, respectively) 244,462 262,946
Oil and gas properties, net 113,802 114,868
Interests in joint ventures and partnerships, at estimated fair value 748,329 888,408
Derivative assets 26,246 40,852
Interest and principal receivable 20,980 22,196
Receivable for investments sold 55,788 19,930
Other assets 21,430 25,570
Total assets 7,089,643 7,788,395
Liabilities    
Collateralized loan obligation secured notes, at estimated fair value 4,548,688 4,843,746
Senior notes 412,617 413,006
Junior subordinated notes 248,903 248,498
Payable for investments purchased 59,143 220,085
Accounts payable, accrued expenses and other liabilities 30,393 43,667
Accrued interest payable 23,800 20,619
Related party payable 2,667 3,892
Derivative liabilities 59,645 43,892
Total liabilities 5,385,856 5,837,405
Equity    
Preferred shares, no par value, 50,000,000 shares authorized and 14,950,000 issued and outstanding as of both March 31, 2016 and December 31, 2015 0 0
Common shares, no par value, 500,000,000 shares authorized and 100 shares issued and outstanding as of both March 31, 2016 and December 31, 2015 0 0
Paid-in-capital 2,764,061 2,764,061
Accumulated deficit (1,123,319) (895,950)
Total KKR Financial Holdings LLC and Subsidiaries shareholders’ equity 1,640,742 1,868,111
Noncontrolling interests 63,045 82,879
Total equity 1,703,787 1,950,990
Total liabilities and equity $ 7,089,643 $ 7,788,395