Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 208

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 208
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 their most comparable GAAP measures, for amounts relating to the three and six months ended June 30, 2025 dated back through 2021.

74

Three Months Ended June 30,(dollars in millions)20252024202320222021Net income (loss)       $5.6 $(48.3)$47.3 $(0.9)$221.2 Non-GAAP AdjustmentsAdd back (less):Interest expense62.5 63.8 66.0 53.2 44.5 Loss on early extinguishment of debt2.1 0.5 1.7 1.1 23.8 Kennedy Wilson's share of interest expense included in unconsolidated investments33.3 33.2 23.3 15.1 8.9 Depreciation and amortization34.5 36.4 40.1 43.3 41.7 Kennedy Wilson's share of depreciation and amortization included in unconsolidated investments0.9 1.1 0.8 0.9 1.4 Provision for (benefit from) income taxes4.4 (11.8)10.3 0.4 64.9 Share-based compensation6.5 6.0 7.3 7.3 7.3 EBITDA attributable to noncontrolling interests(2.7)(1.6)(1.7)(2.0)(3.5)Adjusted EBITDA(1)$147.1 $79.3 $195.1 $118.4 $410.2 

(1) See "Non-GAAP Measures and Certain Definitions" for definitions and discussion of Adjusted EBITDA.

Six Months Ended June 30,(dollars in millions)20252024202320222021Net (loss) income      $(24.0)$(10.6)$18.6 $39.1 $219.6 Non-GAAP AdjustmentsAdd back (less):Interest expense123.9 128.5 128.3 103.7 96.1 Loss on early extinguishment of debt2.1 0.2 1.6 1.1 38.6 Kennedy Wilson's share of interest expense included in unconsolidated investments65.4 64.3 43