SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2016

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, 2016			Year ended December 31, 2015			Year ended December 31, 2016			Year ended December 31, 2015			Year ended December 31, 2016			Year ended December 31, 2015		Year ended December 31, 2016		Year ended December 31, 2015			Year ended December 31, 2016			Year ended December 31, 2015
Total revenues	$	268,042		$	339,809		$	10,131		$	15,677		$	13,899		$	19,770	$	—	$	—		$	292,072		$	375,256
Total investment costs and expenses	282,616			214,464			6,224			7,625			1,650			1,568		—		—			290,490			223,657
Total other income (loss)	100,547			(391,187		)	(7,126		)	(70,630		)	(6,815		)	29,174		—		—			86,606			(432,643		)
Total other expenses	64,318			50,631			635			1,179			465			412		—		219			65,418			52,441
Income tax expense (benefit)	121			154			—			—			1,268			1,036		—		—			1,389			1,190
Net income (loss)	$	21,534		$	(316,627	)	$	(3,854	)	$	(63,757	)	$	3,701		$	45,928	$	—	$	(219	)	$	21,381		$	(334,675	)
Net income (loss) attributable to noncontrolling interests	(7,295		)	(16,071		)	(4,484		)	(7,358		)	—			—		—		—			(11,779		)	(23,429		)
Net income (loss) attributable to KKR Financial Holdings LLC and Subsidiaries	$	28,829		$	(300,556	)	$	630		$	(56,399	)	$	3,701		$	45,928	$	—	$	(219	)	$	33,160		$	(311,246	)

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

	Successor Company			Predecessor Company		Successor Company			Predecessor Company			Successor Company		Predecessor Company			Successor Company			Predecessor Company			Successor Company			Predecessor Company
	Credit					Natural Resources						Other					Reconciling Items(1)						Total Consolidated
	Eight months ended December 31, 2014			Four months ended April 30, 2014		Eight months ended December 31, 2014			Four months ended April 30, 2014			Eight months ended December 31, 2014		Four months ended April 30, 2014			Eight months ended December 31, 2014			Four months ended April 30, 2014			Eight months ended December 31, 2014			Four months ended April 30, 2014
Total revenues	$	279,639		$	134,255	$	57,616		$	61,782		$	13,090	$	21,205		$	—		—			$	350,345		$	217,242
Total investment costs and expenses	142,204			62,485		38,117			38,915			815		425			—			—			181,136			101,825
Total other income (loss)	(241,035		)	76,046		(115,141		)	(8,123		)	11,794		(11,589		)	—			—			(344,382		)	56,334
Total other expenses	40,703			23,121		2,219			1,633			476		230			174			40,625			43,572			65,609
Income tax expense (benefit)	49			146		—			—			435		16			—			—			484			162
Net income (loss)	$	(144,352	)	$	124,549	$	(97,861	)	$	13,111		$	23,158	$	8,945		$	(174	)	$	(40,625	)	$	(219,229	)	$	105,980
Net income (loss) attributable to noncontrolling interests	$	(1,797	)	$	—	$	(4,159	)	$	—		$	—	$	—		$	—		$	—		$	(5,956	)	$	—
Net income (loss) attributable to KKR Financial Holdings LLC and Subsidiaries	$	(142,555	)	$	124,549	$	(93,702	)	$	13,111		$	23,158	$	8,945		$	(174	)	$	(40,625	)	$	(213,273	)	$	105,980

(1) Consists of certain expenses not allocated to individual segments including other expenses comprised of incentive fees of $12.9 million and merger related transaction costs of $22.7 million for the four months ended April 30, 2014. The remaining reconciling items include insurance expenses, directors’ expenses and share-based compensation expense.

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

	Successor Company
	Credit				Natural Resources				Other				Reconciling Items				Total Consolidated(1)
As of	December 31, 2016		December 31, 2015		December 31, 2016		December 31, 2015		December 31, 2016		December 31, 2015		December 31, 2016		December 31, 2015		December 31, 2016		December 31, 2015
Total assets	$	5,422,560	$	7,303,305	$	219,516	$	230,815	$	208,981	$	254,275	$	—	$	—	$	5,851,057	$	7,788,395

(1) Total consolidated assets as of December 31, 2016 included $71.6 million of noncontrolling interests, of which $43.4 million was related to the Credit segment and $28.2 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.