Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 154

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 154
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6.5)(27.7)(10.8)Net cash (used in) provided by financing activities(565.5)(164.8)264.2 Effect of currency exchange rate changes on cash and cash equivalents— 2.0 (21.0)Net change in cash and cash equivalents(96.2)(125.6)(85.5)Cash and cash equivalents, beginning of year313.7 439.3 524.8 Cash and cash equivalents, end of year$217.5 $313.7 $439.3 

See accompanying notes to consolidated financial statements.

Kennedy-Wilson Holdings, Inc. 

Consolidated Statements of Cash Flows (continued)

(Dollars in millions)

 Supplemental cash flow information:

 Year ended December 31,(Dollars in millions)202420232022Cash paid for:Interest(1)(2)$256.1 $252.0 $214.4 Income taxes9.2 21.8 19.9 Cash received from consolidated and unconsolidated asset sales and loan repayments, net600.9 376.1 369.8 Cash received on interest rate hedges 26.0 24.0 0.9 

(1) $1.1 million, $1.4 million, and $4.0 million attributable to non-controlling interests for the years ended December 31, 2024, 2023, and 2022, respectively.

(2) Net of $4.5 million, $5.0 million, and $3.3 million of capitalized interest for the years ended December 31, 2024, 2023 and 2022, respectively.

As of December 31, 2024, 2023, and 2022, we have $94.5 million, $69.6 million, and $21.4 million, respectively, of restricted cash, which is included in cash and cash equivalents, that primarily relates to lender reserves associated with consolidated mortgages that we hold on properties and reserves held on loans in the newly acquired Construction Loan Portfolio (as defined herein) on behalf of the borrowers under such loans. These reserves typically relate to interest, tax, insurance and future capital expenditures at the properties and on our loan investments.

Supplemental disclosure of non-cash investing and financing activities:

During the year ended December 31, 2024,