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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Loan interest income $ 39,176 $ 66,908
Securities interest income 2,583 5,064
Oil and gas revenue 3,710 2,641
Other 1,664 14,692
Total revenues 47,133 89,305
Investment costs and expenses    
Interest expense 31,017 50,918
Interest expense to affiliates 4,653 0
Oil and gas production costs 247 215
Oil and gas depreciation, depletion and amortization 1,498 1,066
Other 864 799
Total investment costs and expenses 38,279 52,998
Other income (loss)    
Net realized and unrealized gain (loss) on investments 116,906 (138,032)
Net realized and unrealized gain (loss) on derivatives and foreign exchange 5,711 (10,216)
Net realized and unrealized gain (loss) on debt 15,216 (63,173)
Net realized and unrealized gain (loss) on debt to affiliates (2,613) 0
Net gain (loss) on extinguishment of debt 2,415 0
Other income (loss) 3,866 1,539
Total other income (loss) 141,501 (209,882)
Other expenses    
Related party management compensation 7,558 7,276
General, administrative and directors' expenses 1,667 15,776
Professional services 1,162 1,012
Total other expenses 10,387 24,064
Income (loss) before income taxes 139,968 (197,639)
Income tax expense (benefit) 453 60
Net income (loss) 139,515 (197,699)
Net income (loss) attributable to noncontrolling interests 1,975 (15,535)
Net income (loss) attributable to KKR Financial Holdings LLC and Subsidiaries 137,540 (182,164)
Preferred share distributions 6,891 6,891
Net income (loss) available to common shares $ 130,649 $ (189,055)