Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 211

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 211
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-GAAP Measures and Reconciliations

    The table below is a reconciliation of Non-GAAP measures to their most comparable GAAP measures, for amounts relating to the three and nine months ended September 30, 2025 dated back through 2021.

Three Months Ended September 30,(dollars in millions)20252024202320222021Net (loss) income        $(10.2)$(66.8)$(64.1)$23.6 $72.5 Non-GAAP AdjustmentsAdd back (less):Interest expense58.4 66.9 64.2 57.1 45.3 Loss on early extinguishment of debt0.2 0.3 — 1.3 — Kennedy Wilson's share of interest expense included in unconsolidated investments35.1 34.3 25.8 16.6 11.2 Depreciation and amortization32.6 36.9 38.8 46.1 39.2 Kennedy Wilson's share of depreciation and amortization included in unconsolidated investments1.0 0.9 0.8 0.8 1.1 Provision for (benefit from) income taxes3.0 (10.7)(19.7)13.9 30.6 Kennedy Wilson's share of taxes included in unconsolidated investments— 0.2 (0.6)1.9 1.9 — Share-based compensation6.5 6.1 7.3 7.3 6.9 EBITDA attributable to noncontrolling interests(1.4)(1.7)(19.3)(2.7)(4.1)Adjusted EBITDA(1)$125.2 $66.4 $33.2 $165.9 $202.7 

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

Nine Months Ended September 30,(dollars in millions)20252024202320222021Net (loss) income      $(34.2)$(77.4)$(45.5)$62.7 $292.1 Non-GAAP AdjustmentsAdd back (less):Interest expense182.3 195.4 192.5 160.8 141.