Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 141

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 141
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Table of Contents

Item 8.    Financial Statements and Supplementary Data

FINANCIAL STATEMENTS

Kennedy-Wilson Holdings, Inc.

Index to Financial Statements

   PageKennedy-Wilson Holdings, Inc.:Report of Independent Registered Public Accounting Firm  63Report of Independent Registered Public Accounting Firm on Internal Control over Financial Reporting65Financial Statements  Consolidated Balance Sheets  66Consolidated Statements of Operations  67Consolidated Statements of Comprehensive (Loss) Income68Consolidated Statements of Equity  69Consolidated Statements of Cash Flows  70Notes to Consolidated Financial Statements  71Financial Statement SchedulesSchedule III—Real Estate Investments and Accumulated Depreciation109Schedule IV—Mortgage Loans on Real Estate113

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Table of Contents

Report of Independent Registered Public Accounting Firm

To the Shareholders and  Board of Directors 

Kennedy-Wilson Holdings, Inc.:

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated balance sheets of Kennedy-Wilson Holdings, Inc. and subsidiaries (the Company) as of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive (loss) income, equity, and cash flows for each of the years in the three-year period ended December 31, 2024, and the related notes and financial statement schedules III and IV (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the years in the three-year period ended December 31, 2024, in conformity with U.S. generally accepted accounting principles.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company’s internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission, and our report dated February 28, 2025 expressed an unqualified opinion on the effectiveness of the Company’s internal control over financial reporting.

Basis for Opinion

These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on