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Segment Information (Tables)
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables summarize Kennedy Wilson’s income activity by segment and corporate for the three months ended March 31, 2014 and 2013 and balance sheet data as of March 31, 2014 and December 31, 2013:
 
 
Three Months Ended March 31,
(Dollars in millions)
 
2014
 
2013
Investments
 
 
 
 
Rental and hotel
 
$
25.3

 
$
6.4

Sale of real estate
 
11.3

 
2.4

Loan and other
 
1.7

 
0.4

     Total revenue
 
38.3

 
9.2

Operating expenses
 
(36.1
)
 
(12.3
)
Depreciation and amortization
 
(7.3
)
 
(3.1
)
Income from unconsolidated investments
 
1.8

 
2.2

     Operating loss
 
(3.3
)
 
(4.0
)
Acquisition-related gains
 
84.2

 
9.5

Acquisition-related expenses
 
(4.0
)
 

Interest expense - investment
 
(5.3
)
 
(1.7
)
Other
 
0.8

 
0.2

Net income
 
72.4

 
4.0

Net (income) loss attributable to the noncontrolling interests
 
(37.4
)
 
1.0

Net income attributable to Kennedy-Wilson Holdings, Inc common shareholders
 
$
35.0

 
$
5.0

 
 
Three Months Ended March 31,
(Dollars in millions)
 
2014
 
2013
Services
 
 
 
 
Investment management, property services, and research fees (includes $7.3 and $8.3 of related party)
 
$
13.2

 
$
13.6

     Total revenue
 
13.2

 
13.6

Operating expenses
 
(11.2
)
 
(8.5
)
Income from unconsolidated investments
 
1.0

 

Operating income
 
3.0

 
5.1

Net income attributable to Kennedy-Wilson Holdings, Inc common shareholders
 
$
3.0

 
$
5.1

 
 
Three Months Ended March 31,
(Dollars in millions)
 
2014
 
2013
Corporate
 
 
 
 
Operating expenses
 
$
(6.2
)
 
$
(3.7
)
     Operating loss
 
(6.2
)
 
(3.7
)
Interest expense-corporate
 
(10.5
)
 
(9.7
)
Loss before (provision for) benefit from income taxes
 
(16.7
)
 
(13.4
)
(Provision for) benefit from income taxes
 
(8.8
)
 
1.7

Net loss
 
(25.5
)
 
(11.7
)
Preferred dividends and accretion of preferred stock issuance costs
 
(2.0
)
 
(2.0
)
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders
 
$
(27.5
)
 
$
(13.7
)
 
 
Three Months Ended March 31,
(Dollars in millions)
 
2014
 
2013
Consolidated
 
 
 
 
Investment management, property services, and research fees (includes $7.3 and $8.3 of related party)
 
$
13.2

 
$
13.6

Rental and hotel
 
25.3

 
6.4

Sale of real estate
 
11.3

 
2.4

Loans and other
 
1.7

 
0.4

     Total revenue
 
51.5

 
22.8

Operating expenses
 
(53.5
)
 
(24.5
)
Depreciation and amortization
 
(7.3
)
 
(3.1
)
     Total operating expenses
 
(60.8
)
 
(27.6
)
Income from unconsolidated investments
 
2.8

 
2.2

     Operating loss
 
(6.5
)
 
(2.6
)
Acquisition-related gain
 
84.2

 
9.5

Acquisition-related expenses
 
(4.0
)
 

Interest expense - investment
 
(5.3
)
 
(1.7
)
Interest expense - corporate
 
(10.5
)
 
(9.7
)
Other
 
0.8

 
0.2

Income (loss) before benefit from income taxes
 
58.7

 
(4.3
)
(Provision for) benefit from income taxes
 
(8.8
)
 
1.7

Net income (loss)
 
49.9

 
(2.6
)
Net (income) loss attributable to the noncontrolling interests
 
(37.4
)
 
1.0

Preferred dividends and accretion of preferred stock issuance costs
 
(2.0
)
 
(2.0
)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders
 
$
10.5

 
$
(3.6
)
(Dollars in millions)
 
March 31, 2014
 
December 31, 2013
Total Assets
 
 
 
 
Investments
 
$
4,048.9

 
$
1,607.5

Services
 
60.2

 
49.3

Corporate
 
298.1

 
142.0

Total assets
 
$
4,407.2

 
$
1,798.8