Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues
Loan interest income	$ 57,526	$ 72,132	$ 124,434	$ 147,460
Securities interest income	6,892	16,258	11,956	31,849
Oil and gas revenue	3,257	6,351	5,898	9,179
Other	1,487	10,950	16,179	14,989
Total revenues	69,162	105,691	158,467	203,477
Investment costs and expenses
Interest expense	54,389	58,322	105,307	114,167
Interest expense to affiliates	1,009	0	1,009	0
Oil and gas production costs	240	298	455	250
Oil and gas depreciation, depletion and amortization	1,258	2,003	2,324	3,005
Other	1,157	1,827	1,956	2,681
Total investment costs and expenses	58,053	62,450	111,051	120,103
Other income (loss)
Net realized and unrealized gain (loss) on investments	30,511	(6,408)	(107,521)	13,491
Net realized and unrealized gain (loss) on derivatives and foreign exchange	(3,180)	15,859	(13,396)	6,759
Net realized and unrealized gain (loss) on debt	(802)	(4,977)	(63,975)	(88,793)
Net realized and unrealized gain (loss) on debt to affiliates	(2,984)	0	(2,984)	0
Other income (loss)	1,401	3,561	2,940	7,414
Total other income (loss)	24,946	8,035	(184,936)	(61,129)
Other expenses
Related party management compensation	6,767	9,817	14,043	20,037
General, administrative and directors' expenses	1,415	1,674	17,191	7,486
Professional services	1,010	778	2,022	1,914
Total other expenses	9,192	12,269	33,256	29,437
Income (loss) before income taxes	26,863	39,007	(170,776)	(7,192)
Income tax expense (benefit)	(187)	729	(127)	1,076
Net income (loss)	27,050	38,278	(170,649)	(8,268)
Net income (loss) attributable to noncontrolling interests	(1,281)	(2,705)	(16,816)	(8,776)
Net income (loss) attributable to KKR Financial Holdings LLC and Subsidiaries	28,331	40,983	(153,833)	508
Preferred share distributions	6,891	6,891	13,782	13,782
Net income (loss) available to common shares	$ 21,440	$ 34,092	$ (167,615)	$ (13,274)