Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 266

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 266
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7)$40.0 $(1.6)Non-GAAP AdjustmentsAdd back (less):Interest expense61.4 64.7 62.3 50.5 51.6 (Gain) loss on early extinguishment of debt— (0.3)(0.1)— 14.8 Kennedy Wilson's share of interest expense included in unconsolidated investments32.1 31.1 19.8 11.3 7.9 Depreciation and amortization34.1 38.9 39.4 43.3 44.4 Kennedy Wilson's share of depreciation and amortization included in unconsolidated investments0.9 0.9 0.8 1.1 1.7 (Benefit from) provision for income taxes(4.9)26.7 (3.9)8.2 2.7 Kennedy Wilson's share of taxes included in unconsolidated investments— 0.2 0.2 — — Share-based compensation6.3 5.2 7.1 7.1 7.7 EBITDA attributable to noncontrolling interests(2.1)(1.9)(6.0)(1.4)(1.6)Adjusted EBITDA(1)$98.2 $203.2 $90.9 $160.1 $127.6 

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

Three Months Ended March 31,(dollars in millions)20252024202320222021Net (loss) income     $(29.6)$37.7 $(28.7)$40.0 $(1.6)Non-GAAP adjustments:Add back (less):Depreciation and amortization34.1 38.9 39.4 43.3 44.4 Kennedy Wilson's share of depreciation and amortization included in unconsolidated investments0.9 0.9 0.8 1.1 1.7 Share-based compensation6.3 5.2 7.1 7.1 7.7 Preferred dividends(10.9)(10.9)(7.9)(5.3)(4.3)Net income attributable to the noncontrolling interests,