Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 59

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 59
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 Kennedy Wilson's share of depreciation and amortization included in unconsolidated investments1.8 2.0 1.6 2.0 3.1 (Benefit from) provision for income taxes(0.5)14.9 6.4 8.6 67.6 Kennedy Wilson's share of taxes included in unconsolidated investments— 0.2 0.2 — — Share-based compensation12.8 11.2 14.4 14.4 15.0 EBITDA attributable to noncontrolling interests(4.8)(3.5)(7.7)(3.4)(5.1)Adjusted EBITDA(1)$245.3 $282.5 $286.0 $278.5 $537.8 

(1) See "Non-GAAP Measures and Certain Definitions" for definitions and discussion of Adjusted EBITDA.

Three Months Ended June 30,(dollars in millions)20252024202320222021Net income (loss)      $5.6 $(48.3)$47.3 $(0.9)$221.2 Non-GAAP adjustments:Add back (less):Depreciation and amortization34.5 36.4 40.1 43.3 41.7 Kennedy Wilson's share of depreciation and amortization included in unconsolidated investments0.9 1.1 0.8 0.9 1.4 Share-based compensation6.5 6.0 7.3 7.3 7.3 Preferred dividends(10.9)(10.9)(8.4)(7.8)(4.3)Net income attributable to the noncontrolling interests, before depreciation and amortization(2.1)(1.1)(1.1)(1.4)(2.7)Adjusted Net Income (Loss)(1)$34.5 $(16.8)$86.0 $41.4 $264.6 

75

(1)  See "Non-GAAP Measures and Certain Definitions" for definitions and discussion of Adjusted Net Income.

Six Months Ended June 30,(dollars in millions)20252024202320222021Net (loss) income     $(24.0)$(10.6)$18.6 $39.1 $