SUMMARY OF QUARTERLY INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

SUMMARY OF QUARTERLY INFORMATION (UNAUDITED)

SUMMARY OF QUARTERLY INFORMATION (UNAUDITED)

The following is a presentation of the results of operations for the years ended December 31, 2016 and 2015:

	2016
(amounts in thousands)	Fourth Quarter		Third Quarter		Second Quarter			First Quarter
Total revenues	$	62,588	$	71,017	$	69,162		$	89,305
Total investment costs and expenses	48,846		130,593		58,053			52,998
Total other income (loss)	58,176		213,366		24,946			(209,882		)
Total other expenses	15,021		17,141		9,192			24,064
Income (loss) before income taxes	56,897		136,649		26,863			(197,639		)
Income tax expense (benefit)	1,176		340		(187		)	60
Net income (loss)	$	55,721	$	136,309	$	27,050		$	(197,699	)
Net income (loss) attributable to noncontrolling interests	3,545		1,492		(1,281		)	(15,535		)
Net income (loss) attributable to KKR Financial Holdings LLC and subsidiaries	52,176		134,817		28,331			(182,164		)
Preferred share distributions	6,891		6,891		6,891			6,891
Net income (loss) available to common shares	$	45,285	$	127,926	$	21,440		$	(189,055	)

	2015
(amounts in thousands)	Fourth Quarter			Third Quarter			Second Quarter			First Quarter
Total revenues	$	82,670		$	89,109		$	105,691		$	97,786
Total investment costs and expenses	53,202			50,352			62,450			57,653
Total other income (loss)	(186,065		)	(185,449		)	8,035			(69,164		)
Total other expenses	11,457			11,547			12,269			17,168
Income (loss) before income taxes	(168,054		)	(158,239		)	39,007			(46,199		)
Income tax expense (benefit)	20			94			729			347
Net income (loss)	$	(168,074	)	$	(158,333	)	$	38,278		$	(46,546	)
Net income (loss) attributable to noncontrolling interests	(7,977		)	(6,676		)	(2,705		)	(6,071		)
Net income (loss) attributable to KKR Financial Holdings LLC and subsidiaries	(160,097		)	(151,657		)	40,983			(40,475		)
Preferred share distributions	6,891			6,891			6,891			6,891
Net income (loss) available to common shares	$	(166,988	)	$	(158,548	)	$	34,092		$	(47,366	)