XML 46 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Operations And Comprehensive ( Loss) Income (USD $)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Revenue              
Management and leasing fees $ 4,862,000 $ 2,300,000 $ 9,657,000 $ 6,513,000 $ 8,913,000 $ 9,026,000 $ 10,671,000
Management and leasing fees - related party 2,989,000 3,829,000 8,151,000 9,589,000 12,417,000 10,138,000 8,380,000
Commissions 1,329,000 1,973,000 4,842,000 4,353,000 6,359,000 4,204,000 5,906,000
Commissions - related party 1,930,000 2,034,000 3,587,000 4,319,000 5,375,000 727,000 4,295,000
Sale of real estate     417,000 3,937,000 3,937,000 52,699,000  
Sale of real estate - related party         9,535,000 6,698,000  
Rental and other income 1,666,000 1,637,000 3,359,000 2,934,000 4,000,000 2,743,000 2,973,000
Total revenue 12,776,000 11,773,000 30,013,000 31,645,000 50,536,000 86,235,000 32,225,000
Operating expenses              
Commission and marketing expenses 1,641,000 263,000 3,015,000 2,032,000 3,186,000 3,411,000 2,827,000
Compensation and related expenses 8,473,000 12,414,000 24,562,000 29,400,000 38,155,000 24,789,000 21,292,000
Merger-related compensation and related expenses         2,225,000 12,468,000  
Cost of real estate sold     397,000 2,714,000 2,714,000 36,179,000  
Cost of real estate sold - related party         8,812,000 5,752,000  
General and administrative 3,329,000 3,457,000 9,183,000 8,263,000 11,314,000 6,351,000 6,074,000
Merger-related general and administrative           3,652,000  
Depreciation and amortization 931,000 616,000 1,828,000 1,197,000 1,618,000 1,122,000 920,000
Rental operating expenses 1,195,000 897,000 2,248,000 1,421,000 1,913,000 1,148,000 1,458,000
Total operating expenses 15,569,000 17,647,000 41,233,000 45,027,000 69,937,000 94,872,000 32,571,000
Equity in joint venture (loss) income (646,000) 5,191,000 7,229,000 5,162,000 10,548,000 8,019,000 10,097,000
Interest income from loan pool participations and notes receivable 1,048,000 4,209,000 5,835,000 7,950,000 11,855,000    
Operating (loss) income (2,391,000) 3,526,000 1,844,000 (270,000) 3,002,000 (618,000) 9,751,000
Non-operating income (expense)              
Interest income 74,000 53,000 264,000 168,000 192,000 102,000 221,000
Interest income - related party 561,000 91,000 970,000 477,000 662,000 400,000 341,000
Remeasurement gain     6,348,000 2,108,000 2,108,000    
Gain on extinguishment of debt       16,670,000 16,670,000    
Loss on extinguishment of debt   (4,788,000)   (4,788,000) (4,788,000)    
Interest expense (6,117,000) (2,198,000) (13,874,000) (6,492,000) (7,634,000) (13,174,000) (8,596,000)
Other than temporary impairment           (328,000) (445,000)
(Loss) income before benefit from (provision for) income taxes (7,873,000) (3,316,000) (4,448,000) 7,873,000 10,212,000 (13,618,000) 1,272,000
Benefit from (provision for) income taxes 2,997,000 (383,000) 2,162,000 (4,335,000) (3,727,000) 3,961,000 (605,000)
Net (loss) income (4,876,000) (3,699,000) (2,286,000) 3,538,000 6,485,000 (9,657,000) 667,000
Net loss (income) attributable to the noncontrolling interests 42,000 (1,215,000) (1,295,000) (2,374,000) (2,979,000) (5,679,000) (54,000)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. (4,834,000) (4,914,000) (3,581,000) 1,164,000 3,506,000 (15,336,000) 613,000
Preferred dividends and accretion of preferred stock issuance costs (2,036,000) (1,804,000) (6,708,000) (2,524,000) (4,558,000)    
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders (6,870,000) (6,718,000) (10,289,000) (1,360,000) (1,052,000) (15,336,000) 613,000
Other comprehensive (loss) income, net of tax (1,783,000) 2,912,000 (1,576,000) 5,098,000 6,440,000 2,601,000 240,000
Total comprehensive (loss) income $ (8,653,000) $ (3,806,000) $ (11,865,000) $ 3,738,000 $ 5,388,000 $ (12,735,000) $ 853,000
Basic and diluted loss per share              
Basic and diluted loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (0.16) $ (0.17) $ (0.25) $ (0.03)      
Basic income (loss) per share attributable to Kennedy-Wilson Holdings, Inc. common shareholders         $ (0.03) $ (0.57) $ 0.03
Weighted average number of common shares outstanding 44,016,880 38,961,822 40,712,496 39,062,570 38,978,272 26,891,304 22,892,498
Dividends declared per common share $ 0.04   $ 0.08        
Diluted income (loss) per share attributable to Kennedy-Wilson Holdings, Inc. common shareholders         $ (0.03) $ (0.57) $ 0.03
Weighted average number of common shares outstanding for diluted (loss) income per share         38,978,272 26,891,304 24,310,299