Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 101

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 101
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 partners15.6 — Distributions to noncontrolling interests(4.7)(2.2)Net cash used in financing activities(364.4)(151.9)Effect of currency exchange rate changes on cash and cash equivalents3.8 — Net change in cash and cash equivalents(1)91.6 52.8 Cash and cash equivalents, beginning of period217.5 313.7 Cash and cash equivalents, end of period$309.1 $366.5 

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

See accompanying notes to consolidated financial statements.

7

Kennedy-Wilson Holdings, Inc.

Consolidated Statements of Cash Flows 

(Unaudited)

Supplemental cash flow information: 

Six Months Ended June 30,(Dollars in millions)20252024Cash paid for:Interest(1)(2)$112.2 $119.7 Income taxes0.1 2.1 Cash received from consolidated and unconsolidated asset sales and loan repayments, net533.9 261.3 Cash received on interest rate hedges9.6 23.0 

(1) $0.5 million and $0.5 million attributable to noncontrolling interests for the six months ended June 30, 2025 and 2024, respectively.

(2) Excludes $4.5 million of capitalized interest for the six months ended June 30, 2024.  There was no capitalized interest for the six months ended June 30, 2025 

    As of June 30, 2025 and December 31, 2024 the Company had $113.2 million and $103.6 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 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: 

Six Months Ended June 30,(Dollars in millions)20252024Accrued capital expenditures$1.8 $1.9 Common dividends declared but not paid on common stock16.5 16.5