Kennedy-Wilson Holdings Inc. (KW) Financial Statements (2024 and earlier)

Company Profile

Business Address 151 S EL CAMINO DR
BEVERLY HILLS, CA 90212
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 65 - Real Estate (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments439,300524,800965,100573,900488,000351,300
Cash and cash equivalents439,300524,800965,100573,900488,000351,300
Total current assets:439,300524,800965,100573,900488,000351,300
Noncurrent Assets
Operating lease, right-of-use asset12,20010,00011,20013,600
Property, plant and equipment1,289,8001,250,2001,197,9001,308,7001,371,3001,509,400
Long-term investments and receivables2,238,1001,947,6001,289,3001,334,600859,900486,400
Long-term investments2,238,1001,947,6001,289,3001,334,600859,900486,400
Intangible assets, net (including goodwill)265,900294,100293,400325,800368,300441,200
Goodwill23,90023,90023,90023,90023,90023,900
Intangible assets, net (excluding goodwill)242,000270,200269,500301,900344,400417,300
Deferred income tax assets9,40012,60022,10024,400
Total noncurrent assets:3,815,4003,514,5002,813,9003,007,1002,599,5002,437,000
Other undisclosed assets4,017,1003,837,2003,550,0003,723,5004,269,6004,936,500
TOTAL ASSETS:8,271,8007,876,5007,329,0007,304,5007,357,1007,724,800
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities6,261,4006,072,6005,656,3005,585,3005,925,9006,147,300
Total liabilities:6,261,4006,072,6005,656,3005,585,3005,925,9006,147,300
Equity
Equity, attributable to parent1,964,0001,777,6001,644,5001,678,7001,246,7001,365,600
Preferred stock592,500295,200295,200295,200  
Additional paid in capital1,679,5001,679,6001,725,2001,754,5001,744,6001,883,300
Accumulated other comprehensive loss(430,100)(389,600)(393,600)(417,200)(441,500)(427,100)
Retained earnings (accumulated deficit)122,100192,40017,70046,200(56,400)(90,600)
Equity, attributable to noncontrolling interest46,40026,30028,20040,500184,500211,900
Total equity:2,010,4001,803,9001,672,7001,719,2001,431,2001,577,500
TOTAL LIABILITIES AND EQUITY:8,271,8007,876,5007,329,0007,304,5007,357,1007,724,800

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues540,000453,600450,900569,700773,500810,600
Revenue, net810,600
Cost of revenue(489,600)(516,300)(799,800)(970,700)(883,900)(331,700)
Cost of goods and services sold      (331,700)
Gross profit:50,400(62,700)(348,900)(401,000)(110,400)478,900
Operating expenses(37,200)(33,300)288,900370,900117,500(558,300)
Other undisclosed operating income      188,200
Operating income (loss):13,200(96,000)(60,000)(30,100)7,100108,800
Nonoperating income (expense)36,100(5,000)5,40050012,60020,400
Investment income, nonoperating  90010060012,100
Other nonoperating income (expense)36,100(5,000)4,50040012,0008,300
Interest and debt expense(193,300)(238,100)(211,200)(215,100)(238,200)(217,700)
Other undisclosed income from continuing operations before equity method investments, income taxes    607,200488,600210,200
Income (loss) from continuing operations before equity method investments, income taxes:(144,000)(339,100)(265,800)362,500270,100121,700
Income (loss) from equity method investments178,400389,00081,000   
Other undisclosed income from continuing operations before income taxes103,700412,700336,200   
Income (loss) from continuing operations before income taxes:138,100462,600151,400362,500270,100121,700
Income tax expense (benefit)(36,200)(126,200)(43,600)(41,400)(58,000)16,300
Income (loss) from continuing operations:101,900336,400107,800321,100212,100138,000
Income before gain (loss) on sale of properties:336,400107,800321,100212,100138,000
Net income (loss):101,900336,400107,800321,100212,100138,000
Net income (loss) attributable to noncontrolling interest(8,200)(6,000)2,300(94,400)(62,100)(37,500)
Net income (loss) attributable to parent:93,700330,400110,100226,700150,000100,500
Preferred stock dividends and other adjustments(28,900)(17,200)(17,200)(2,600)  
Undistributed earnings (loss) allocated to participating securities, basic      (1,100)
Other undisclosed net income available to common stockholders, basic      1,100
Net income (loss) available to common stockholders, diluted:64,800313,20092,900224,100150,000100,500

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):101,900336,400107,800321,100212,100138,000
Other comprehensive income (loss)(43,500)3,30024,20035,100(11,100)89,200
Comprehensive income (loss):58,400339,700132,000356,200201,000227,200
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5,200)(5,200)1,700(105,000)(65,400)(124,200)
Comprehensive income (loss), net of tax, attributable to parent:53,200334,500133,700251,200135,600103,000

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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