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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
4 Months Ended 8 Months Ended 12 Months Ended
Apr. 30, 2014
Dec. 31, 2014
Dec. 31, 2016
Dec. 31, 2015
Other expenses        
Net income (loss) attributable to noncontrolling interests   $ (6,000) $ (11,800) $ (23,400)
Successor Company        
Revenues        
Loan interest income   212,431 226,692 275,935
Securities interest income   32,016 19,308 52,502
Oil and gas revenue   57,616 10,131 15,677
Other   48,282 35,941 31,142
Total revenues   350,345 292,072 375,256
Investment costs and expenses        
Interest expense   144,437 267,574 211,942
Interest expense to affiliates   0 10,339 0
Oil and gas production costs   15,229 811 734
Oil and gas depreciation, depletion and amortization   19,458 3,934 5,406
Other   2,012 7,832 5,575
Total investment costs and expenses   181,136 290,490 223,657
Other income (loss)        
Net realized and unrealized gain (loss) on investments   (349,372) (23,390) (427,709)
Net realized and unrealized gain (loss) on derivatives and foreign exchange   (18,507) 7,597 2,158
Net realized and unrealized gain (loss) on debt   16,478 68,259 (19,659)
Net realized and unrealized gain (loss) on debt to affiliates   0 (6,330) 0
Net gain (loss) on extinguishment of debt   0 29,846 0
Other income (loss)   7,019 10,624 12,567
Total other income (loss)   (344,382) 86,606 (432,643)
Other expenses        
Related party management compensation   33,764 30,504 38,086
General, administrative and directors' expenses   6,498 30,945 11,614
Professional services   3,310 3,969 2,741
Total other expenses   43,572 65,418 52,441
Income (loss) before income taxes   (218,745) 22,770 (333,485)
Income tax expense (benefit)   484 1,389 1,190
Net income (loss)   (219,229) 21,381 (334,675)
Net income (loss) attributable to noncontrolling interests   (5,956) (11,779) (23,429)
Net income (loss) attributable to KKR Financial Holdings LLC and Subsidiaries   (213,273) 33,160 (311,246)
Preferred share distributions   20,673 27,564 27,564
Net income (loss) available to common shares   $ (233,946) $ 5,596 $ (338,810)
Predecessor Company        
Revenues        
Loan interest income $ 114,096      
Securities interest income 13,081      
Oil and gas revenue 61,782      
Other 28,283      
Total revenues 217,242      
Investment costs and expenses        
Interest expense 64,362      
Interest expense to affiliates 0      
Oil and gas production costs 14,772      
Oil and gas depreciation, depletion and amortization 22,471      
Other 220      
Total investment costs and expenses 101,825      
Other income (loss)        
Net realized and unrealized gain (loss) on investments 61,553      
Net realized and unrealized gain (loss) on derivatives and foreign exchange (9,783)      
Net realized and unrealized gain (loss) on debt 0      
Net realized and unrealized gain (loss) on debt to affiliates 0      
Net gain (loss) on extinguishment of debt 0      
Other income (loss) 4,564      
Total other income (loss) 56,334      
Other expenses        
Related party management compensation 29,841      
General, administrative and directors' expenses 8,891      
Professional services 26,877      
Total other expenses 65,609      
Income (loss) before income taxes 106,142      
Income tax expense (benefit) 162      
Net income (loss) 105,980      
Net income (loss) attributable to noncontrolling interests 0      
Net income (loss) attributable to KKR Financial Holdings LLC and Subsidiaries 105,980      
Preferred share distributions 6,891      
Net income (loss) available to common shares $ 99,089      
Net income (loss) per common share:        
Basic (in dollars per share) $ 0.48      
Diluted (in dollars per share) $ 0.48      
Weighted-average number of common shares outstanding:        
Basic (in shares) 204,276      
Diluted (in shares) 204,276