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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 439.3 $ 524.8
Accounts receivable, net (including $13.9 and $14.2 of related party) 40.8 36.1
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $882.2 and $838.1) 5,188.1 5,059.8
Unconsolidated investments (including $2,093.7 and $1,794.8 at fair value) 2,238.1 1,947.6
Other assets 216.1 177.9
Loan purchases and originations 149.4 130.3
Total assets [1] 8,271.8 7,876.5
Liabilities    
Accounts payable 16.2 18.6
Accrued expenses and other liabilities 658.2 619.1
Total liabilities [1] 6,261.4 6,072.6
Equity    
Series A cumulative preferred stock, $0.0001 par value, $1,000 per share liquidation preference, 1,000,000 shares authorized, 300,000 shares outstanding as of December 31, 2022 and December 31, 2021 and Series B cumulative preferred Stock, $0.0001 par value, $1,000 per share liquidation preference, 1,000,000 shares authorized and 300,000 shares outstanding as of December 31, 2022 592.5 295.2
Common Stock, $0.0001 par value, 200,000,000 authorized, 137,790,768 and 137,955,479 shares issued outstanding as of December 31, 2022 and December 31, 2021, respectively 0.0 0.0
Additional paid-in capital 1,679.5 1,679.6
Retained earnings 122.1 192.4
Accumulated other comprehensive loss (430.1) (389.6)
Total Kennedy-Wilson Holdings, Inc. shareholders’ equity 1,964.0 1,777.6
Noncontrolling interests 46.4 26.3
Total equity 2,010.4 1,803.9
Total liabilities and equity 8,271.8 7,876.5
Mortgage debt    
Liabilities    
Debt 3,018.0 2,959.8
KW unsecured debt    
Liabilities    
Debt 2,062.6 1,852.3
KWE unsecured bonds    
Liabilities    
Debt $ 506.4 $ 622.8
[1] The assets and liabilities as of December 31, 2022 include $169.8 million (including cash held by consolidated investments of $6.1 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $137.8 million) and $82.4 million (including investment debt of $51.2 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2021 include $189.6 million (including cash held by consolidated investments of $11.5 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $152.8 million) and $129.2 million (including investment debt of $103.3 million), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.