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GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS (Tables)
12 Months Ended
Dec. 31, 2022
Guarantor and Nonguarantor Financial Statements [Abstract]  
Condensed Consolidating Balance Sheet
CONDENSED CONSOLIDATING BALANCE SHEET
AS OF DECEMBER 31, 2022
(Dollars in millions)
ParentKennedy-Wilson, Inc.
Guarantor Subsidiaries
Non-guarantor SubsidiariesEliminationConsolidated Total
Assets
Cash and cash equivalents$— $91.5 $59.6 $288.2 $— $439.3 
Accounts receivable— 0.1 18.2 22.5 — 40.8 
Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net— — 1,656.8 3,531.3 — 5,188.1 
Unconsolidated investments— 15.9 698.6 1,523.6 — 2,238.1 
Investments in and advances to consolidated subsidiaries2,009.0 4,289.3 2,850.0 — (9,148.3)— 
Other assets— 85.7 50.5 79.9 — 216.1 
Loan purchases and originations — 5.8 111.6 32.0 — 149.4 
Total assets$2,009.0 $4,488.3 $5,445.3 $5,477.5 $(9,148.3)$8,271.8 
Liabilities
Accounts payable— 0.5 4.0 11.7 — 16.2 
Accrued expenses and other liabilities45.0 416.2 76.5 120.5 — 658.2 
Mortgage debt— — 1,075.5 1,942.5 — 3,018.0 
KW unsecured debt— 2,062.6 — — — 2,062.6 
KWE unsecured bonds— — — 506.4 — 506.4 
Total liabilities45.0 2,479.3 1,156.0 2,581.1 — 6,261.4 
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity1,964.0 2,009.0 4,289.3 2,850.0 (9,148.3)1,964.0 
Noncontrolling interests— — — 46.4 — 46.4 
Total equity1,964.0 2,009.0 4,289.3 2,896.4 (9,148.3)2,010.4 
Total liabilities and equity$2,009.0 $4,488.3 $5,445.3 $5,477.5 $(9,148.3)$8,271.8 
CONDENSED CONSOLIDATING BALANCE SHEET
AS OF DECEMBER 31, 2021
(Dollars in millions)
ParentKennedy-Wilson, Inc.
Guarantor Subsidiaries
Non-guarantor SubsidiariesEliminationConsolidated Total
Assets
Cash and cash equivalents$— $116.4 $69.1 $339.3 $— $524.8 
Accounts receivable— — 16.0 20.1 — 36.1 
Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net— — 1,729.1 3,330.7 — 5,059.8 
Unconsolidated investments— 14.8 618.0 1,314.8 — 1,947.6 
Investments in and advances to consolidated subsidiaries1,821.9 3,859.2 2,488.1 — (8,169.2)— 
Other assets— 65.9 51.6 60.4 — 177.9 
Loan purchases and originations — 6.1 61.5 62.7 — 130.3 
Total assets$1,821.9 $4,062.4 $5,033.4 $5,128.0 $(8,169.2)$7,876.5 
Liabilities
Accounts payable$— $1.0 $4.0 $13.6 $— $18.6 
Accrued expenses and other liabilities44.3 387.2 78.0 109.6 — 619.1 
Mortgage debt— — 1,092.2 1,867.6 — 2,959.8 
KW unsecured debt— 1,852.3 — — — 1,852.3 
KWE unsecured bonds— — — 622.8 622.8 
Total liabilities44.3 2,240.5 1,174.2 2,613.6 — 6,072.6 
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity1,777.6 1,821.9 3,859.2 2,488.1 (8,169.2)1,777.6 
Noncontrolling interests— — — 26.3 — 26.3 
Total equity1,777.6 1,821.9 3,859.2 2,514.4 (8,169.2)1,803.9 
Total liabilities and equity$1,821.9 $4,062.4 $5,033.4 $5,128.0 $(8,169.2)$7,876.5 
Consolidating Statement of Operations
CONDENSED CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2022
(Dollars in millions)
ParentKennedy-Wilson, Inc.
Guarantor Subsidiaries
Non-guarantor SubsidiariesEliminationConsolidated Total
Total revenue$— $0.2 $225.1 $314.7 $— $540.0 
Total income from unconsolidated investments— 1.1 12.0 165.3 — 178.4 
Gain on sale of real estate, net— — 68.1 35.6 — 103.7 
Total expenses29.0 92.7 172.5 232.6 — 526.8 
Income from consolidated subsidiaries130.8 314.4 230.7 — (675.9)— 
Interest expense— (92.6)(41.8)(86.4)— (220.8)
Gain on early extinguishment of debt— — (1.6)29.1 — 27.5 
Other income (loss)0.1 15.6 (1.3)21.7 — 36.1 
Income before provision from income taxes  101.9 146.0 318.7 247.4 (675.9)138.1 
Provision for income taxes— (15.2)(4.3)(16.7)— (36.2)
Net income101.9 130.8 314.4 230.7 (675.9)101.9 
Net income attributable to the noncontrolling interests— — — (8.2)— (8.2)
Preferred dividends (28.9)— — — — (28.9)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders$73.0 $130.8 $314.4 $222.5 $(675.9)$64.8 
CONDENSED CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2021
(Dollars in millions)
ParentKennedy-Wilson, Inc.Guarantor SubsidiariesNon-guarantor SubsidiariesEliminationConsolidated Total
Total revenues$— $0.3 $208.8 $244.5 $— $453.6 
Income from unconsolidated investments— 3.2 99.0 286.8 — 389.0 
Gain on sale of real estate, net— (1.7)129.6 284.8 — 412.7 
Total expenses31.8 108.1 214.8 194.9 — 549.6 
Income from consolidated subsidiaries368.2 676.8 508.7 — (1,553.7)— 
Interest expense— (73.3)(43.3)(75.8)(192.4)
Loss on early extinguishment of debt— (26.5)(0.6)(18.6)— (45.7)
Other income (loss)— 0.7 (1.2)(4.5)(5.0)
Income before provision for income taxes336.4 471.4 686.2 522.3 (1,553.7)462.6 
Provision for income taxes— (103.2)(9.4)(13.6)— (126.2)
Net income336.4 368.2 676.8 508.7 (1,553.7)336.4 
Net income attributable to the noncontrolling interests— — — (6.0)— (6.0)
Preferred dividends(17.2)— — — — (17.2)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders$319.2 $368.2 $676.8 $502.7 $(1,553.7)$313.2 
CONDENSED CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2020
(Dollars in millions)
ParentKennedy-Wilson, Inc.
Guarantor Subsidiaries (1)
Non-guarantor SubsidiariesEliminationConsolidated Total
Total revenue$— $— $218.6 $235.4 $— $454.0 
Income from unconsolidated investments— 0.6 (0.6)81.0 — 81.0 
Gain on sale of real estate, net— — 65.9 272.1 — 338.0 
Total expenses33.5 86.7 201.0 186.9 — 508.1 
Income from consolidated subsidiaries141.3 320.1 294.0 — (755.4)— 
Interest expense— (69.5)(48.6)(83.8)— (201.9)
Loss on early extinguishment of debt— — (3.7)(5.6)— (9.3)
Other income (loss)2.0 (3.8)(0.5)— (2.3)
Income before provision for income taxes107.8 166.5 320.8 311.7 (755.4)151.4 
Provision for income taxes— (25.2)(0.7)(17.7)— (43.6)
Net income 107.8 141.3 320.1 294.0 (755.4)107.8 
Net loss attributable to the noncontrolling interests— — — 2.3 — 2.3 
Preferred dividends(17.2)— — — — (17.2)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders$90.6 $141.3 $320.1 $296.3 $(755.4)$92.9