Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 78

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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244 $— $1,706.5 $(347.1)$(406.7)$42.3 $1,784.9 

See accompanying notes to consolidated financial statements.

4

 Kennedy-Wilson Holdings, Inc.

Consolidated Statements of Cash Flows 

(Unaudited)

(Dollars in millions) 

Three Months Ended March 31,20252024Cash flows from operating activities:Net (loss) income$(29.6)$37.7 Adjustments to reconcile net (loss) income to net cash used in operating activities:Loss (gain) on sale of real estate, net0.8 (106.4)Depreciation and amortization34.1 38.9 Above/below market and straight-line rent amortization0.1 0.4 Uncollectible lease income0.2 0.7 Accretion of discount on loans receivable(2.9)(1.1)Provision for credit losses0.5 5.6 (Benefit from) provision for deferred income taxes(7.1)13.6 Amortization of deferred loan costs2.7 2.2 Amortization of discount and accretion of premium on issuance of senior notes and mortgage debt4.2 (2.7)Unrealized net loss on derivatives4.4 2.1 (Income) loss from unconsolidated investments(11.4)6.7 Operating distributions from unconsolidated investments16.0 14.0 Deferred compensation(0.2)(3.7)Share-based compensation6.3 5.2 Change in assets and liabilities:Accounts receivable4.1 13.7 Other assets(7.1)(1.4)Accounts payable, accrued expenses and other liabilities(67.0)(31.1)Net cash used in operating activities(51.9)(5.6)Cash flows from investing activities:Proceeds from collection of loans receivable24.1 2.8 Issuance and acquisition of loans receivable, net of discounts(9.1)(9.5)Net proceeds from sale of consolidated real estate13.1 328.2 Purchases of real estate(25.7)— Capital expenditures to real estate(7.8)(51.5)(Premiums paid for) proceeds from settlement of derivative contracts(2.1)0.3