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Consolidated Statements of Operations (Unaudited) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue        
Investment management, property services and research fees (includes $6.2, $15.7, $47.0, and $37.8 of related party fees) $ 12.9 $ 20.9 $ 65.0 $ 54.0
Rental and hotel 93.5 10.5 161.3 27.3
Sales of real estate 1.6 1.6 19.0 10.1
Loans and other 5.7 0.5 11.7 1.4
Total revenue 113.7 33.5 257.0 92.8
Operating expenses        
Commission and marketing 2.0 1.0 3.8 2.8
Rental and hotel operating 37.8 4.2 69.9 11.9
Cost of real estate sold 1.1 0.9 14.6 7.9
Compensation and related 26.8 20.9 79.6 52.8
General and administrative 11.8 5.8 28.3 17.6
Depreciation and amortization 34.7 4.5 67.3 12.0
Total operating expenses 114.2 37.3 263.5 105.0
Income from unconsolidated investments 12.1 13.2 45.9 30.1
Operating income 11.6 9.4 39.4 17.9
Non-operating income (expense)        
Acquisition-related gains 28.9 1.6 199.2 11.1
Acquisition-related expenses (5.3) 0 (16.9) (0.5)
Interest expense-investment (13.8) (2.8) (30.2) (7.4)
Interest expense - corporate (15.9) [1] (10.3) [1] (41.1) [1] (29.7) [1]
Other (expense) income (1.9) 0.1 1.0 0.5
Income (loss) before (provision for) benefit from income taxes 3.6 (2.0) 151.4 (8.1)
(Provision for) benefit from income taxes (6.6) (0.8) (40.8) 1.4
Net income (loss) (3.0) (2.8) 110.6 (6.7)
Net loss (income) attributable to the noncontrolling interests 2.8 0.7 (59.9) 2.6
Preferred dividends and accretion of preferred stock issuance costs (2.0) (2.0) (6.1) (6.1)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (2.2) $ (4.1) $ 44.6 $ (10.2)
Basic earnings per share        
Income (loss) per basic (in dollars per share) $ (0.03) $ (0.06) $ 0.47 $ (0.15)
Weighted average shares outstanding for basic (in shares) 89,267,838 72,643,000 88,854,215 68,486,876
Diluted earnings per share        
Income (loss) per diluted (in dollars per share) $ (0.03) $ (0.06) $ 0.47 $ (0.15)
Weighted average shares outstanding for diluted (in shares) 89,267,838 [2] 72,643,000 [2] 90,169,008 [2] 68,486,876 [2]
Dividends declared per common share (in dollars per share) $ 0.09 $ 0.07 $ 0.27 $ 0.21
[1] Includes early extinguishment of corporate debt
[2] For the three months ended September 30, 2014, a total of 12,993,531 potentially dilutive securities have not been included in the diluted weighted average shares as they are anti-dilutive. For the three and nine months ended September 30, 2013, a total of 19,315,303 and 19,620,824 potentially dilutive securities have not been included in the diluted weighted average shares as they are anti-dilutive. Potentially anti-dilutive securities include preferred stock, warrants, and unvested restricted stock grants.