Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 79

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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 Distributions from unconsolidated investments6.4 2.7 Contributions to unconsolidated investments(21.8)(28.2)Net cash (used in) provided by investing activities(22.9)244.8 Cash flows from financing activities:Borrowings under line of credit170.0 100.0 Borrowings under mortgage debt— 73.4 Repayment of mortgage debt(4.8)(127.8)Payment of deferred loan costs— (0.4)Repurchase and retirement of common stock(6.7)(9.1)Proceeds from issuance of common stock, net of issuance costs— (0.1)Common dividends paid(18.3)(34.1)Preferred dividends paid(10.9)(10.9)Loan receivable proceeds held for distribution90.5 — Distributions to noncontrolling interests(1.0)(0.8)Net cash provided by (used in) financing activities218.8 (9.8)Effect of currency exchange rate changes on cash and cash equivalents(4.9)(1.2)Net change in cash and cash equivalents(1)139.1 228.2 Cash and cash equivalents, beginning of period217.5 313.7 Cash and cash equivalents, end of period$356.6 $541.9 

(1) See discussion of non-cash effects in the supplemental cash flow information.

See accompanying notes to consolidated financial statements.

5

Kennedy-Wilson Holdings, Inc.

Consolidated Statements of Cash Flows 

(Unaudited)

Supplemental cash flow information: 

Three Months Ended March 31,(Dollars in millions)20252024Cash paid for:Interest(1)(2)$78.2 $80.9 Income taxes1.8 1.1 Cash received from consolidated and unconsolidated asset sales and loan repayments, net43.4 244.4 Cash received on interest rate hedges3.0 7.5 

(1) $0.3 million and $0.3 million attributable to noncontrolling interests for the three months ended March 31, 2025 and 2024, respectively.

(2) Excludes $1.3 million of capitalized interest for the three months ended March 31, 2024.  There was no capitalized interest for the three months ended March