Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 152

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 152
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 Contributions from noncontrolling interests— — — — — — — 25.7 25.7 Distributions to noncontrolling interests— — — — — — — (10.8)(10.8)Balance, December 31, 2022600,000 $592.5 137,790,768 $— $1,679.5 $122.1 $(430.1)$46.4 $2,010.4 

See accompanying notes to consolidated financial statements.

69

Kennedy-Wilson Holdings, Inc.

Consolidated Statements of Cash Flows

(Dollars in millions)

 Year ended December 31,202420232022Cash flows from operating activities:Net (loss) income$(33.7)$(281.4)$101.9 Adjustments to reconcile net income to net cash provided by (used in) operating activities:Gain on sale of real estate, net(160.1)(127.6)(103.7)Depreciation and amortization148.3 157.8 172.9 Above/below market and straight-line rent amortization(1.6)(5.5)(8.0)Uncollectible lease income3.6 5.4 8.0 Provision for (benefit from) deferred income taxes(10.4)(65.9)18.3 Amortization of loan fees9.9 9.2 9.1 Amortization of discount and accretion of premium and transactional foreign exchange (7.5)2.9 2.6 Unrealized net loss (gain) on derivatives14.8 16.4 (45.9)Loss (gain) on early extinguishment of debt1.7 1.6 (27.5)(Income) loss from unconsolidated investments(6.5)252.8 (178.4)Provision for loan loss reserves11.2 7.0 — Accretion of discount on loans(4.1)(3.5)— Share-based compensation expense23.6 34.5 29.0 Deferred compensation(7.9)(3.8)7.6 Operating distributions from unconsolidated investments60.8 69.2 78.1 Change in assets and liabilities