Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 143

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 143
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Kennedy-Wilson Holdings, Inc.Notes to Consolidated Financial Statements(Unaudited)

NOTE 15—GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS 

    The following consolidating financial information and condensed consolidating financial information include:    (1) Condensed consolidating balance sheets as of June 30, 2025 and December 31, 2024; consolidating statements of operations for the three and six months ended June 30, 2025 and 2024, of (a) Kennedy-Wilson Holdings, Inc., as the parent, (b) Kennedy-Wilson, Inc., as the subsidiary issuer, (c) the guarantor subsidiaries, (d) the non-guarantor subsidiaries and (e) Kennedy-Wilson Holdings, Inc. on a consolidated basis; and    (2) Elimination of entries necessary to consolidate Kennedy-Wilson Holdings, Inc., as the parent, with Kennedy-Wilson, Inc. and its guarantor and non-guarantor subsidiaries.     Kennedy Wilson owns 100% of all of the guarantor subsidiaries, and, as a result, in accordance with Rule 3-10(d) of Regulation S-X promulgated by the SEC, no separate financial statements are required for these subsidiaries as of and for the three and six months ended June 30, 2025 or 2024.

34

Kennedy-Wilson Holdings, Inc.Notes to Consolidated Financial Statements(Unaudited)

CONDENSED CONSOLIDATING BALANCE SHEETAS OF JUNE 30, 2025(Dollars in millions)

ParentKennedy-Wilson, Inc.Guarantor Subsidiaries Non-guarantor SubsidiariesEliminationConsolidated TotalAssetsCash and cash equivalents$— $86.6 $133.7 $88.8 $— $309.1 Accounts receivable — 0.7 27.1 14.2 — 42.0 Real estate and acquired in place lease values, net of accumulated depreciation and amortization— — 1,177.3 2,901.5 — 4,078.8 Unconsolidated investments— 9.6 588.0 1,437.1 — 2,034.7 Investments in and advances to consolidated subsidiaries1,588.9 3,661.5