Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 100

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 100
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0.3 0.1 Loan receivable proceeds received from equity partners0.7 — Distributions to noncontrolling interests(5.9)(4.0)Net cash used in financing activities(413.2)(237.8)Effect of currency exchange rate changes on cash and cash equivalents4.1 7.5 Net change in cash and cash equivalents(1)165.1 53.4 Cash and cash equivalents, beginning of period217.5 313.7 Cash and cash equivalents, end of period$382.6 $367.1 

(1) See discussion of non-cash effects in the supplemental cash flow information.

See accompanying notes to consolidated financial statements.

7

Kennedy-Wilson Holdings, Inc.

Consolidated Statements of Cash Flows 

(Unaudited)

Supplemental cash flow information: 

Nine Months Ended September 30,(Dollars in millions)20252024Cash paid for:Interest(1)(2)$190.0 $201.6 Income taxes10.6 7.0 Cash received from consolidated and unconsolidated asset sales and loan repayments, net410.3 399.4 Cash received on interest rate hedges13.0 33.2 

(1) $0.8 million and $0.8 million attributable to noncontrolling interests for the nine months ended September 30, 2025 and 2024, respectively.

(2) Excludes $4.5 million of capitalized interest for the nine months ended September 30, 2024.  There was no capitalized interest for the nine months ended September 30, 2025 

    As of September 30, 2025 and December 31, 2024, the Company had $127.7 million and $94.5 million, respectively, of restricted cash, which is included in cash and cash equivalents, that primarily relates to lender reserves associated with consolidated mortgages that we hold on properties and reserves held on loans in the Construction Loan Portfolio (as defined herein) on behalf of the borrowers under such loans. These reserves typically relate to interest, tax, insurance and future capital expenditures at the properties and on our loan investments.   

Supplemental disclosure of non-cash investing and financing activities: 

Nine Months Ended September 30,(Dollars in millions)20252024Accrued capital expenditures$2.9 $2.