Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 204

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 204
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of the euro and British pound sterling against the U.S. dollar during the year ended December 31, 2024.

In order to manage currency fluctuations, Kennedy Wilson entered into currency derivative contracts to manage its exposure to currency fluctuations between its functional currency (U.S. dollar) and the functional currency (Euro and GBP) of certain of its wholly-owned and consolidated subsidiaries.  See Note 5 for a more detailed discussion of Kennedy Wilson's currency derivative contracts. 

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Table of ContentsKennedy-Wilson Holdings, Inc.Notes to Consolidated Financial Statements—(continued)December 31, 2024 2023 and 2022

NOTE 16—EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common stockholders by the weighted average number of common shares outstanding. Diluted earnings per share is computed after adjusting the numerator and denominator of the basic earnings per share computation for the effects of all potentially dilutive common shares. The dilutive effect of non-vested stock issued under share‑based compensation plans is computed using the treasury stock method. The dilutive effect of the cumulative preferred stock is computed using the if‑converted method.The following is a summary of the elements used in calculating basic and diluted income per share for the years ended December 31, 2024, 2023 and 2022: Year ended December 31,(Dollars in millions, except share amounts and per share data)202420232022Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders$(76.5)$(341.8)$64.8 Weighted-average shares outstanding for basic137,778,812138,930,517136,900,875(Loss) income per share - basic$(0.56)$(2.46)$0.47 Weighted average shares outstanding for diluted137,778,812 138,930,517 138,567,534 (Loss) income per share - diluted$(0.56)$(2.46)$0.47 There was a total of 40,726,571, 42,977,012 and 26,958,511 during the years ended December 31, 2024, 2023 and 2022, respectively, potentially dilutive securities were not included in the diluted weighted average shares as they were anti-dilutive.  Potentially anti-dilutive securities