SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

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 presents the net income (loss) components of our reportable segments reconciled to amounts reflected in the condensed consolidated statements of operations (amounts in thousands):

	Credit						Natural Resources						Other					Reconciling Items(1)					Total Consolidated
	Three months ended March 31, 2016			Three months ended March 31, 2015			Three months ended March 31, 2016			Three months ended March 31, 2015			Three months ended March 31, 2016			Three months ended March 31, 2015		Three months ended March 31, 2016		Three months ended March 31, 2015			Three months ended March 31, 2016			Three months ended March 31, 2015
Total revenues	$	77,395		$	94,958		$	2,641		$	2,828		$	9,269		$	—	$	—	$	—		$	89,305		$	97,786
Total investment costs and expenses	50,984			55,967			1,614			1,340			400			346		—		—			52,998			57,653
Total other income (loss)	(173,946		)	(65,992		)	(27,242		)	(7,753		)	(8,694		)	4,581		—		—			(209,882		)	(69,164		)
Total other expenses	23,864			16,403			130			510			70			155		—		100			24,064			17,168
Income tax expense (benefit)	23			48			—			—			37			299		—		—			60			347
Net income (loss)	$	(171,422	)	$	(43,452	)	$	(26,345	)	$	(6,775	)	$	68		$	3,781	$	—	$	(100	)	$	(197,699	)	$	(46,546	)
Net income (loss) attributable to noncontrolling interests	(9,711		)	(5,858		)	(5,824		)	(213		)	—			—		—		—			(15,535		)	(6,071		)
Net income (loss) attributable to KKR Financial Holdings LLC and Subsidiaries	$	(161,711	)	$	(37,594	)	$	(20,521	)	$	(6,562	)	$	68		$	3,781	$	—	$	(100	)	$	(182,164	)	$	(40,475	)

(1) Consists of insurance and directors’ expenses which are not allocated to individual segments.

The following table shows total assets of our reportable segments reconciled to amounts reflected in the condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015 (amounts in thousands):

	Credit				Natural Resources				Other				Reconciling Items				Total Consolidated(1)
As of	March 31, 2016		December 31, 2015		March 31, 2016		December 31, 2015		March 31, 2016		December 31, 2015		March 31, 2016		December 31, 2015		March 31, 2016		December 31, 2015
Total assets	$	6,663,815	$	7,303,305	$	208,161	$	230,815	$	217,667	$	254,275	$	—	$	—	$	7,089,643	$	7,788,395

(1) Total consolidated assets as of March 31, 2016 included $63.0 million of noncontrolling interests, of which $34.5 million was related to the Credit segment and $28.5 million was related to the Natural Resources segment. 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.