Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 132

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 132
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$(151.3)$264.9 $509.0 $306.9 

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

56

Net Operating Income

Years Ended December 31,202420232022Consolidated PortfolioCo-Investment PortfolioConsolidated PortfolioCo-Investment PortfolioConsolidated PortfolioCo-Investment PortfolioNet (loss) income$(33.7)$6.5 $(281.4)$(252.8)$101.9 $178.4 Less: Provision for (benefit from) income taxes10.2 0.4 (55.3)0.2 36.2 2.7 Less: Loss (income) from unconsolidated investments(6.5)— 252.8 — (178.4)— Less: (Gain) loss on sale of real estate, net(1)(160.1)(32.6)(127.6)— (103.7)(4.9)Add: Interest expense261.1 131.0 259.2 99.0 220.8 60.1 Less: Loss (gain) on early extinguishment of debt1.7 — 1.6 — (27.5)— Less: Other (income) loss (4.2)25.4 5.0 26.6 (36.1)17.9 Less: Sale of real estate(1)— (46.7)— (19.5)— (52.0)Less: Interest income(31.2)— (26.1)— (11.7)— Less: Investment management and property services(100.3)— (64.1)— (46.5)— Less: Carried interests— 49.7 — 64.3 — 21.1 Add: Cost of real estate sold(1)— 43.1 — 13.6 — 40.7 Add: Compensation and related134.8 — 139.4 — 140.3 — Add: Carried interests expense(16.6)— (15.1)— (4.3)— Add: General and administrative 38.8 — 35.7 — 37.2 — Add: