Kennedy-Wilson Holdings, Inc. KW Cash Flow

Kennedy-wilson holdings, inc. (KW)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net (loss) income
-5,900	158,900	19,400	141,200	1,600	32,900	12,900	167,300	-1,000	105,400	9,800	21,900	900	45,200	13,100	-2,300	20,500	28,300	5,100	29,900	-4,300	-20,500	-3,000	63,700	49,900	20,600	-2,800	-1,300	-2,600	10,357	-4,142	-997	1,482	9,786	-4,878	514	2,078
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Net gain on sale of real estate, net
44,200	182,000	6,300	211,200	34,800	68,800	40,100	238,100	29,100	151,300	31,700	69,400	5,600	58,300	21,500	19,200	38,900	27,700	2,200	34,600	6,200	3,300	500	2,300	1,600	0	1,000	900	800	12	0	0	-212	380	0	0	20
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,900	29,900	53,100	4,200	18,900	28,900	86,100	84,200	45,500	1,600	0	9,500	25,500	0	0	0	-48	0	6,348	0
Gain on sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,931	-	-	-	-
Depreciation and amortization
45,500	45,900	46,400	46,200	49,100	47,400	51,500	51,500	55,700	55,300	55,400	52,100	49,700	50,900	50,000	49,000	48,300	46,800	44,900	38,000	36,600	37,200	34,700	25,300	7,300	5,400	4,500	4,400	3,100	1,997	989	977	937	972	931	463	434
Above/below and straight-line rent amortization
-3,700	-600	-300	-1,700	-2,000	-2,900	-2,900	-4,200	-4,600	-2,300	-2,200	-2,900	-2,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for deferred income taxes
-100	-100	7,300	19,600	-100	18,800	4,400	20,600	-4,500	-18,700	-5,400	5,400	-5,800	11,100	4,300	-7,200	600	22,300	1,200	11,100	-10,200	-12,600	6,600	25,400	8,800	3,700	800	-100	-1,700	2,809	-2,500	-725	-84	-2,500	-2,942	172	570
Amortization of deferred loan costs
2,200	2,100	2,400	2,200	2,600	2,800	2,100	5,500	3,100	6,000	2,200	2,100	2,000	2,500	4,600	2,700	2,500	3,000	2,000	2,500	700	300	2,200	1,000	600	600	500	600	500	355	220	373	252	251	250	228	71
Amortization of discount and accretion of premium on issuance of the senior notes and investment debt
200	900	300	200	200	200	200	1,200	100	1,300	-300	-500	-100	-1,100	-500	-300	-200	-300	900	-4,300	-4,900	-11,800	-1,500	-900	-300	-300	-400	-300	-200	60	14	13	13	-28	15	13	0
Unrealized net (gain) loss on derivatives
1,900	2,700	2,300	1,100	-200	-400	2,700	9,700	-300	4,700	-8,800	-6,700	-300	300	-100	5,700	600	400	-5,600	2,200	-400	-2,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income from unconsolidated investments
10,900	48,100	84,000	5,900	41,700	17,800	24,000	10,900	26,000	20,400	21,500	6,900	29,000	80,300	31,200	8,900	19,200	46,900	18,300	19,200	12,800	7,600	12,500	31,300	2,800	11,900	13,200	14,900	2,200	17,128	1,848	5,108	5,516	-	-578	2,551	5,256
Deferred compensation
1,500	1,100	1,000	800	900	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of interest income on loans
-	-	-	-	-	0	0	0	600	0	8,500	1,800	1,800	3,300	3,800	2,700	1,900	-	-	-	-	-	-	-	-	-	-	-	-	-	3,447	2,686	538	938	975	2,241	2,546
Share-based compensation
8,600	6,300	6,300	7,200	10,400	9,200	9,200	8,800	9,900	9,000	9,300	9,400	10,500	17,300	15,600	14,700	17,500	11,200	5,500	6,800	7,300	7,100	5,300	1,700	1,700	2,000	2,100	1,600	1,800	3,100	2,922	1,207	871	1,339	1,296	1,298	1,167
Operating distributions from unconsolidated investments
15,700	40,100	5,700	16,300	12,000	27,100	9,000	17,400	7,900	18,100	10,300	39,700	17,600	8,900	36,000	11,300	6,600	28,000	17,700	16,100	17,000	9,900	21,200	47,300	10,400	25,000	24,800	9,500	8,400	-	-	-	-	-	-	-	-
Operating distributions from loans
-	-	-	-	-	-	-	-	-	1,300	2,500	900	1,700	19,600	4,000	100	9,000	2,700	2,900	2,100	2,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in assets and liabilities:
Accounts receivable
-1,200	-1,100	900	9,100	-9,900	-16,400	11,800	17,300	-14,600	9,000	-6,700	19,700	-8,100	8,400	-15,200	17,700	12,000	-1,700	-4,500	2,300	1,900	10,600	2,200	8,300	7,500	-21,900	7,700	3,900	-400	7,436	-87	-70	421	1,190	-473	-189	472
Accounts receivablerelated party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,378	-3,411	3,925	5,466	3,688	-429	275
Operating distributions from joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,030	11,522	12,749	10,360	95	2,441	104
Operating distributions from loan pool participation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,622	20,955	1,151	1,202	363	549	286
Other assets
8,500	200	6,600	12,800	6,200	-6,700	3,200	4,600	-500	1,600	-2,900	2,200	5,200	-22,000	5,600	2,700	11,600	14,600	1,100	-200	-700	23,500	-4,800	3,800	600	-9,000	2,300	6,000	2,100	2,397	707	106	-110	313	130	3,737	-380
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	634	-325	-801	1,438	-518	207	-927
Accounts payable, accrued expenses and other liabilities
-36,300	-2,700	4,100	1,300	-27,200	-31,300	27,500	23,400	22,500	-45,000	23,100	22,200	-29,300	5,800	-4,800	16,900	-29,500	39,100	38,100	62,900	-36,800	65,300	-5,600	70,300	-18,600	17,900	3,100	15,000	-22,700	4,151	6,406	-6,038	2,681	-1,048	6,482	6,165	501
Accrued salaries and benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	883	2,416	-12,277	9,607	1,055	1,380	-8,142
Net Cash Provided by (Used in) Operating Activities
-36,600	20,000	-7,600	-6,800	-25,100	1,300	32,100	10,900	48,800	-56,600	61,400	57,000	11,200	24,500	67,900	19,400	-8,900	64,000	76,900	53,900	-16,600	12,400	20,600	102,000	-36,900	48,400	6,800	3,700	-27,600	4,235	-6,459	24,959	-6,035	17,869	-1,593	-829	-12,047
Cash flows from investing activities:
Proceeds from collection of loans
33,000	100	500	0	0	1,300	0	0	4,500	0	10,500	0	6,400	1,500	6,600	8,600	130,200	12,500	10,700	4,600	0	0	77,200	18,500	200	3,000	9,400	33,600	0	10,732	4,167	1,301	0	3,041	73	174	312
Payments to Acquire Mortgage Notes Receivable
6,300	1,000	0	1,300	400	300	400	1,500	0	-	-	-	-	0	10,800	500	4,800	1,900	400	146,000	87,500	60,400	103,100	214,700	158,600	31,400	16,000	6,100	8,200	146,787	33,747	4,405	61	456	5,644	0	0
Net proceeds from sale of consolidated real estate
182,000	349,700	29,700	144,300	177,300	221,200	330,300	720,700	113,900	397,200	18,900	202,700	40,300	274,100	82,600	75,400	108,000	99,200	19,400	469,600	34,400	8,400	1,300	5,000	10,000	-400	1,500	5,600	3,400	795	0	0	17,905	-	0	84	332
Purchases of consolidated real estate
-	-	-	-	-	80,000	36,000	108,600	131,200	92,600	190,100	237,900	47,000	201,200	300,900	345,300	102,200	393,600	547,300	229,600	757,100	424,000	248,400	922,100	367,700	52,600	7,600	92,700	15,600	102,828	355	403	15,414	770	1,041	889	0
Capital expenditures to real estate
37,500	46,200	47,800	40,200	56,900	50,900	57,100	49,000	59,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to non refundable escrow deposits
0	-	-	-	5,000	-	-	-	10,400	-	-	-	0	-	-	-	1,700	-	-	-4,100	7,500	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from settlement of foreign derivative contracts
-32,500	800	-24,900	-9,300	0	-2,900	-15,100	3,100	4,200	5,900	-100	-300	-2,700	-81,900	17,600	3,100	22,600	-77,700	400	5,700	30,100	6,900	7,500	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of foreign currency derivative contracts
-	-	-	-	-	-	-	-	-	-200	100	100	400	2,300	2,400	0	3,400	0	0	1,600	3,600	500	2,200	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Additions to development project asset
0	100	-100	0	1,200	6,900	5,800	8,000	8,400	6,400	13,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from development project asset
2,300	0	0	2,500	1,700	42,100	100	-100	38,900	0	36,900	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of interest in an entity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,700	-	-	-	-	-	-	-	-
Investment in marketable securities
-	-	-	-	-	-	-	-	200	200	200	100	300	2,300	200	-200	900	5,000	0	0	0	0	4,600	2,400	4,500	3,700	0	0	0	-	-	-	-	-	-	-	0
Proceeds from sale of marketable securities
-	-	-	-	-	0	0	200	7,200	500	400	200	0	-	-	-	-	0	0	0	6,200	8,600	0	0	0	-	-	-	-	12,714	0	0	21,386	-	-	-	-
Proceeds from Equity Method Investment, Distribution, Return of Capital
79,300	-	72,300	28,000	5,600	-	5,400	29,500	13,100	-	20,400	51,100	17,900	-	28,200	11,400	23,800	-	58,100	25,900	8,000	-	43,700	44,600	11,000	-	68,000	46,500	28,800	-	7,017	16,001	4,598	-	-	-	-
Distributions from joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,203	2,963
Contributions to unconsolidated investments
45,300	120,600	45,300	79,800	20,300	103,000	167,500	106,800	18,800	17,600	25,600	7,900	28,800	54,600	24,700	22,400	23,200	29,100	26,600	113,400	15,200	28,100	33,600	38,900	67,100	43,300	113,800	148,400	52,100	172,380	29,651	44,151	5,318	9,908	21,825	56,555	17,112
Additions to notes receivablerelated party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	14,364	1,561	11,978	15,000	5,410	2,912
Investing distributions from loan pool participation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,779	0	0	-	-	-	-
Contributions to loan pool participation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,032	49,925	0	127,599	2,901	-82	82
Net cash provided by investing activities
240,000	76,300	-6,600	11,800	100,800	80,500	84,100	483,100	-54,600	72,500	-141,800	8,300	-9,200	36,700	-204,000	-267,800	148,400	-228,400	-482,300	19,300	-792,200	-524,300	-262,200	-1,110,000	-576,700	-93,800	-59,800	-178,200	-17,000	-313,560	-20,822	-86,853	21,535	-95,178	-44,991	-50,832	-16,499
Cash flows from financing activities:
Borrowings under senior notes payable
-	-	-	-	-	0	0	0	246,600	0	0	0	0	-	-	-	-	-	-	-	-	350,000	0	0	297,200	0	0	0	0	-	-	-	-	-	-	-	-
Repayment of senior notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	0	23,383	1,400
Borrowings under line of credit/term loan
-	-	-	-	-	0	0	150,000	75,000	400,000	0	400,000	0	0	25,000	50,000	50,000	20,000	0	50,000	25,000	125,000	0	0	90,000	0	40,000	50,000	35,000	40,800	0	45,000	0	55,000	0	0	19,000
Repayment of line of credit/term loan
-	-	-	-	-	125,000	0	150,000	175,000	450,000	0	50,000	0	-	-	-	-	20,000	0	50,000	150,000	0	0	0	90,000	0	70,000	20,000	35,000	40,800	34,189	10,811	0	-	-	-	-
Borrowings under mortgage debt
22,700	43,900	77,100	70,700	296,900	246,300	31,500	349,200	98,000	590,000	91,500	142,800	24,000	256,300	456,900	350,300	126,200	455,700	57,800	730,800	843,600	458,700	529,900	99,400	195,800	40,200	4,000	68,300	0	-	-	-	-	23	0	12,001	5,076
Repayment of mortgage debt
51,600	60,600	68,600	10,800	251,400	147,000	143,200	547,400	29,200	542,100	42,000	44,100	56,500	201,000	309,600	56,400	41,100	60,900	15,200	358,400	246,600	313,600	18,200	8,500	5,500	600	500	500	100	-	0	0	0	7,491	0	29,238	871
Repayment of term loan
-	-	-	-	-	-	0	0	75,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issue costs
4,300	2,100	600	0	2,100	1,800	700	2,400	4,600	8,100	1,300	0	100	1,400	5,700	1,500	2,200	6,700	1,900	3,900	9,200	10,200	17,200	1,700	9,600	400	900	500	400	6,274	0	1,026	0	214	305	7,136	45
Issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	27,900	187,100	0	-100	-100	190,800	-100	122,100	20,100	133,800	-74	106,274	0	0	-	-	-	-
Payments for Repurchase of Common Stock
25,600	3,900	1,800	7,100	7,900	17,800	4,500	133,600	22,000	32,100	0	6,400	29,200	21,400	600	29,700	13,100	0	100	8,200	3,100	5,300	300	100	2,500	3,800	0	0	0	-47	0	6	41	464	0	5	31
Payments of Ordinary Dividends, Common Stock
31,600	-	-	-	30,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred dividends paid
3,300	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance (repayment) of shareholder loans to noncontrolling interests
300	-	-	-	-10,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
KWE closing dividend
-	-	-	-	-	0	0	0	17,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of KWE shares, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	476,100	0	400	1,350,700	0	0	0	0	-	-	-	-	-	-	-	-
Dividends paid
-	-	-	-	-	-	26,700	28,200	29,300	-	19,200	19,400	18,500	17,300	16,500	16,700	14,300	14,100	14,100	12,900	10,700	10,500	10,300	10,300	7,800	7,800	7,200	2,000	7,100	8,405	4,781	4,616	4,098	3,826	3,824	2,025	2,025
Repayment of shareholder loans to noncontrolling interests
-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of noncontrolling interests
-	-	-	-	-	-	-	-	-	0	0	2,500	800	126,300	2,700	26,600	41,300	8,900	35,100	1,900	22,500	34,200	0	16,800	0	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from noncontrolling interests
300	4,000	600	5,100	5,300	400	7,600	2,200	13,000	3,800	20,900	13,900	8,800	16,800	12,400	7,400	5,500	8,000	100	2,300	4,100	7,000	4,300	5,700	2,900	500	300	600	0	-	-	-	-	2,141	771	1,111	377
Distributions to noncontrolling interests
200	4,100	1,700	135,500	122,700	11,100	1,000	102,700	1,200	12,700	17,100	60,300	15,900	21,800	21,300	29,800	43,700	33,400	22,700	135,200	47,900	33,400	10,800	10,700	2,800	200	200	200	0	-31	0	0	4,931	4,404	180	182	334
Unrealized gain (loss) on marketable securities, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-128	-37	-1,998	5,463	1,392	-4,592	0	0
Net cash used in financing activities
-93,300	93,400	1,800	-58,100	-122,900	-8,000	-137,000	-462,900	79,100	-873,900	28,300	368,500	-88,200	-116,100	262,900	247,000	26,000	339,700	-31,200	240,500	569,800	702,200	437,300	14,700	2,009,200	38,500	92,300	114,400	126,200	303,493	67,304	26,673	-9,070	53,728	-4,660	203,785	19,747
Effect of currency exchange rate changes on cash and cash equivalents
-18,400	-1,600	-5,800	14,200	2,100	-5,200	-6,900	-17,000	8,400	-23,400	20,000	22,700	8,800	-34,600	-7,600	-40,700	1,000	14,700	-14,400	9,000	-28,800	-39,600	-8,400	19,900	-700	3,700	2,400	1,400	-4,100	-46	287	-602	-39	-7,865	7,440	3,601	-2,676
Net change in cash and cash equivalents
91,700	188,100	-18,200	-38,900	-45,100	68,600	-27,700	14,100	81,700	-881,400	-32,100	456,500	-77,400	-89,500	119,200	-42,100	166,500	190,000	-451,000	322,700	-267,800	150,700	187,300	-973,400	1,394,900	-3,200	41,700	-58,700	77,500	-5,878	40,310	-35,823	6,391	-31,446	-43,804	155,725	-11,475
Supplemental cash flow information:
Interest
22,900	102,700	22,100	60,100	26,200	85,700	45,200	66,700	27,700	79,100	28,300	75,500	23,800	67,300	23,200	56,800	23,400	50,500	23,300	22,400	37,300	24,700	39,500	11,200	23,500	5,600	20,800	4,600	18,700	13,332	1,547	12,454	1,367	12,541	1,377	1,353	1,729
Income taxes
2,000	7,800	8,900	500	3,400	-400	4,000	-900	3,900	500	6,600	500	8,500	300	2,700	100	7,600	0	300	2,300	400	200	0	100	0	0	0	2,300	0	0	15	35	50	-33	33	0	0
Supplemental disclosure of non-cash investing and financing activities:
Accrued capital expenditures
200	-	10,500	-1,800	9,800	-	-1,100	600	2,700	-	8,900	2,700	6,600	-	-7,500	5,300	13,800	-	1,900	800	4,200	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common dividends declared but not paid on common stock
31,600	-	-	-	30,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Preferred dividends declared but not paid on preferred stock
4,300	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of preferred stock issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	11	11	-	11	11	11
Dividends declared but not paid on common stock
-	-	-	-	-	-	-100	-1,100	28,600	-	-100	0	19,500	-	100	-300	16,100	-	0	1,000	12,500	-	300	0	8,200	-	500	5,200	0	-	433	165	2,591	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	397	962	954	905	511	330