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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue        
Investment management, property services and research fees (includes $8.0, $6.2, $26.7, and $47.0 of related party fees) $ 15.1 $ 12.9 $ 47.0 $ 65.0
Rental 106.6 70.6 295.3 124.4
Hotel 31.3 22.9 78.0 36.9
Sale of real estate 1.6 1.6 3.7 19.0
Loan purchases, loan originations and other 4.6 5.7 13.4 11.7
Total revenue 159.2 113.7 437.4 257.0
Operating expenses        
Commission and marketing 1.2 2.0 4.4 3.8
Rental operating 29.4 20.9 78.5 37.8
Hotel operating 22.7 16.9 66.1 32.1
Cost of real estate sold 1.1 1.1 2.6 14.6
Compensation and related 35.2 26.8 105.4 79.6
General and administrative 10.0 11.8 31.3 28.3
Depreciation and amortization 44.9 34.7 119.5 67.3
Total operating expenses 144.5 114.2 407.8 263.5
Income from unconsolidated investments 15.9 12.1 44.1 45.9
Operating income 30.6 11.6 73.7 39.4
Non-operating income (expense)        
Gain on sale of real estate 4.6 0.0 44.7 0.0
Acquisition-related gains 29.9 28.9 87.2 199.2
Acquisition-related expenses (8.2) (5.3) (28.3) (16.9)
Interest expense-investment (31.3) (13.8) (77.9) (30.2)
Interest expense-corporate (11.7) (15.9) (35.5) (41.1)
Other (expense) income (4.3) (1.9) (0.7) 1.0
Income before provision for income taxes 9.6 3.6 63.2 151.4
Provision for income taxes (4.5) (6.6) (32.5) (40.8)
Net income (loss) 5.1 (3.0) 30.7 110.6
Net loss (income) attributable to the noncontrolling interests 10.3 2.8 15.0 (59.9)
Preferred dividends and accretion of preferred stock issuance costs (0.5) (2.0) (3.1) (6.1)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 14.9 $ (2.2) $ 42.6 $ 44.6
Basic earnings (loss) per share        
Income (loss) per basic (in dollars per share) $ 0.13 $ (0.03) $ 0.40 $ 0.47
Weighted average shares outstanding for basic (in shares) 107,433,124 89,267,838 101,361,606 88,854,215
Diluted earnings (loss) per share        
Income (loss) per diluted (in dollars per share) $ 0.13 $ (0.03) $ 0.40 $ 0.47
Weighted average shares outstanding for diluted (in shares) 107,433,124 89,267,838 105,517,172 90,169,008
Dividends declared per common share (in dollars per share) $ 0.12 $ 0.09 $ 0.36 $ 0.27