Kennedy-Wilson Holdings, Inc. KW Income Statement

Kennedy-wilson holdings, inc. (KW)

Income statement / 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	Sep'10	Jun'10
Revenue
Total revenue
123,300	142,300	143,000	143,700	140,700	178,700	185,800	217,800	190,100	181,200	272,500	180,400	167,700	167,500	174,300	176,500	172,100	166,300	159,200	140,500	137,700	141,400	113,700	92,000	51,500	16,800	33,500	36,400	36,400	25,720	15,240	14,110	11,830	32,587	12,776	8,510	8,727	11,773	9,046
Management and leasing feesrelated party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,320	6,131	5,585	6,349	2,989	2,600	2,562	3,829	3,478
Commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,477	1,370	666	958	1,329	1,962	1,551	1,973	998
Commissionsrelated party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	668	1,031	953	20,613	1,930	647	1,010	2,034	1,854
Rental and hotel
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,500	10,300	10,300	-	-	-	-	-	-	-	-	-	-
Expenses
General and administrative
9,500	12,200	8,400	10,900	10,900	14,200	11,700	13,500	11,400	11,400	10,800	10,000	10,000	13,000	10,500	11,800	10,100	12,500	10,000	11,800	9,500	13,700	11,800	8,400	8,200	6,000	5,800	6,400	6,400	5,929	5,014	4,888	3,669	5,318	3,329	3,040	2,813	3,457	3,048
Other 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	51,000	50,000	48,900	48,300	46,800	44,900	38,000	36,600	37,200	34,700	25,300	7,300	4,100	4,500	4,400	4,400	1,997	989	977	937	972	931	463	434	616	296
Total expenses
129,800	155,000	147,900	143,800	153,100	187,800	177,200	212,500	188,900	205,800	231,200	178,300	155,500	194,400	166,100	168,600	162,800	164,900	144,500	141,900	121,400	139,500	114,200	88,600	60,800	31,600	37,300	40,100	40,100	36,779	20,860	18,420	15,441	24,868	15,569	13,138	12,525	17,647	12,509
Income from unconsolidated investments, net of depreciation and amortization
10,900	48,100	84,000	5,900	41,700	17,800	24,000	10,900	26,000	20,400	17,600	10,800	29,000	80,300	31,700	8,400	19,200	53,300	15,900	17,000	11,200	8,300	12,100	31,000	2,800	-1,400	13,200	14,800	14,800	15,428	1,848	5,108	5,516	-	-646	2,551	5,256	5,191	-686
Interest income from loan pool participations and notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,712	2,876	538	2,165	1,048	2,241	2,546	4,209	3,090
Operating income
-	-	-	-	-	-	-	-	-	-	58,900	12,900	41,200	-	39,900	16,300	28,500	54,700	30,600	15,600	27,500	10,200	11,600	34,400	-6,500	-16,200	9,400	11,100	11,100	-2,757	-60	3,674	2,443	15,223	-2,391	164	4,004	3,526	-1,059
Gain on sale of real estate, net
44,200	182,000	6,300	211,200	34,900	67,600	39,400	236,800	28,000	149,700	5,300	66,300	5,400	54,700	21,500	16,100	38,400	27,700	4,600	34,500	5,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	25	30	136	74	152	38	53	52
Interest incomerelated party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	139	1,182	1,087	962	561	249	228	91	168
Acquisition-related gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,600	8,600	-	20,900	29,900	53,100	4,200	19,000	28,900	86,000	84,200	55,500	1,600	0	-500	25,500	0	0	0	-	0	6,348	-	0	2,108
Gain on sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,931	0	0	0	0	-	-
Gain on early extinguishment of mortgage debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Transaction-related expenses
200	900	4,000	1,100	800	1,100	400	200	0	2,200	1,000	900	300	200	1,000	6,300	2,000	9,000	8,200	2,000	18,100	2,800	5,300	7,600	4,000	-	0	500	-	-	0	0	-	-	-	-	-	-	-
Interest expense
48,800	52,300	51,800	55,700	55,300	56,900	55,200	67,200	58,900	58,800	56,800	52,100	50,000	88,700	36,800	33,600	32,500	78,800	31,300	27,200	19,400	16,100	13,800	11,100	5,300	3,400	2,800	2,800	2,800	-17,479	6,755	7,054	6,170	-	6,117	6,228	1,529	2,198	2,180
Interest expense-corporate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,500	12,200	12,100	-	11,700	10,800	13,000	16,000	15,900	14,700	10,500	10,200	10,300	9,700	9,700	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishment of corporate debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,788	16,670
Other income (loss)
200	1,000	0	1,900	-2,500	-1,500	3,400	11,100	100	3,700	-300	4,400	500	-1,000	1,900	5,000	700	-1,800	-4,300	2,800	800	-	-	-	-	-	-	-	-	-	-6	38	-	-	-	-	-	-	-
Other (expense) income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,900	2,100	800	-2,200	100	100	100	-	-	-	-	-	-	-	-	-	-
Realized foreign currency exchange loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-112	0	0	0	0	-	-
(Loss) income before provision for income taxes
-200	165,200	29,600	162,100	5,600	57,200	19,800	196,700	-3,600	88,200	6,100	30,600	-3,200	57,000	18,600	-6,100	21,000	49,200	9,600	66,000	-12,400	-28,900	3,600	89,100	58,700	22,400	-2,000	-1,800	-1,800	15,068	-6,642	-2,135	209	9,547	-7,873	685	2,741	-3,316	15,759
Provision for income taxes
5,700	6,300	10,200	20,900	4,000	24,300	6,900	29,400	-2,600	-17,300	-3,700	8,800	-4,100	11,900	5,500	-3,900	500	20,900	4,500	36,100	-8,100	-8,400	6,600	25,400	8,800	3,100	800	-500	-500	4,921	-2,500	-1,138	-1,483	162	-2,997	172	663	383	5,950
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,142	-997	1,692	9,385	-4,876	513	2,078	-	-
Loss from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2	0	0	0	0	-	-
Gain (loss) from sale of real estate, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-212	400	0	0	0	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-5,900	158,900	19,400	141,200	1,600	32,900	12,900	167,300	-1,000	105,500	9,800	21,800	900	45,100	13,100	-2,200	20,500	28,300	5,100	29,900	-4,300	-20,500	-3,000	63,700	49,900	-	-2,800	-1,300	-	10,357	-4,142	-997	1,482	9,785	-4,876	513	2,078	-3,699	9,809
Net loss (income) attributable to the noncontrolling interests
-300	-1,600	-1,300	90,400	6,900	2,200	800	57,700	1,400	6,300	18,700	12,400	100	29,500	15,100	-1,100	27,400	-700	-10,300	-1,900	-2,800	8,300	-2,800	25,300	37,400	22,800	-700	-900	-900	-490	64	128	2,798	-95	-42	299	1,038	1,215	591
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48,400	-	-	-	-	-	-	-	-	-	-	-	-	-3,806	10,880
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,206	-1,125	-1,316	9,880	-4,834	214	1,040	-4,914	9,218
Preferred dividends and accretion of preferred stock issuance costs
4,300	-	-	-	0	-	-	-	-	-	-	-	-	1,300	500	500	500	500	500	600	2,000	2,000	2,000	2,100	2,000	1,900	2,000	2,100	2,100	1,992	2,036	2,036	2,036	1,992	2,036	2,636	2,036	1,804	720
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders
-9,900	157,900	20,700	50,800	-5,300	30,700	12,100	109,600	-2,400	99,200	-8,900	9,400	800	14,300	-2,500	-1,600	-7,400	28,500	14,900	31,200	-3,500	-30,800	-2,200	36,300	10,500	-5,400	-4,100	-2,500	-2,500	8,855	-6,242	-3,161	-3,352	7,888	-6,870	-2,422	-996	-6,718	8,498
Basic and diluted loss per share
Earnings Per Share, Basic
-	-	0.15	0.36	-	-	0.09	0.77	-	-	-0.08	0.08	-	0.13	-0.03	-0.02	-0.07	0.29	0.13	0.29	-0.05	-0.34	-0.03	0.39	0.12	-	-0.06	-0.03	-	-	-	-	-	-	-	-	-	-0.17	0.22
Weighted average shares outstanding for basic (in shares)
-	-	139,947	139,623	-	-	141,003	141,483	-	-	111,966	111,723	-	109,472	108,634	109,056	109,214	110,343	107,433	103,721	91,547	90,252	89,267	89,140	88,142	-	72,643	70,976	-	60,538	58,043	51,401	51,160	-	44,016	39,118	40,022	38,961	39,194
Diluted Earnings per share
Income per diluted (in dollars per share)
-	-	0.15	0.36	-	-	0.09	0.77	-	-	-0.08	0.08	-	0.13	-0.03	-0.02	-0.07	0.31	0.13	0.27	-0.05	-0.33	-0.03	0.38	0.12	-	-0.06	-0.03	-	-	-	-	-	-	-	-	-	-	0.20
Weighted average shares outstanding for diluted (in shares)
-	-	140,538	140,377	-	-	141,800	142,707	-	-	111,966	111,723	-	109,472	108,634	109,056	109,214	127,805	107,433	111,428	91,547	85,414	89,267	102,115	89,422	-	72,643	70,976	-	-	-	-	-	-	-	-	40,022	-	43,434
Basic and diluted (loss) income per share
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.11	-0.06	-0.06	0.18	-0.16	-0.06	-0.02	-	-
Other comprehensive (loss) income, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,912	2,382
Discontinued operations, net of income taxes (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.01	0.00	0.00	0.00	-	-
Discontinued operations, net of income taxes, per diluted share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-
Loss per share (in dollars per share)
-0.07	-	-	-	-0.04	-	-	-	-0.02	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.11	-0.06	-0.07	0.19	-0.16	-0.06	-0.02	-	-
Weighted average shares outstanding (in shares)
140,210	-	-	-	139,756	-	-	-	147,941	-	-	-	112,167	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared per common share (in dollars per share)
0.22	0.22	0.21	0.21	0.21	0.21	0.19	0.19	0.19	0.19	0.17	0.17	0.17	0.14	0.14	0.14	0.14	0.12	0.12	0.12	0.12	0.09	0.09	0.09	0.09	-	0.07	0.07	-	-	0.05	0.05	0.05	0.03	0.04	0.04	0.00	0.00	-
Rental [Member]
Total revenue
107,700	111,300	108,300	112,000	115,800	122,000	123,400	134,900	134,300	131,100	125,500	123,800	124,300	122,800	122,900	120,300	119,900	109,500	106,600	98,300	90,400	82,500	70,600	37,800	16,000	-	-	-	-	-	1,485	1,477	1,470	1,741	1,666	955	738	1,637	628
Cost of goods sold
36,700	39,600	39,000	33,300	41,000	41,300	38,200	39,700	41,600	40,600	38,000	36,600	36,000	37,000	34,600	32,800	31,000	29,500	29,400	24,500	24,600	21,600	20,900	11,200	5,600	3,300	4,200	4,600	4,600	1,862	847	921	870	1,052	1,195	642	411	897	283
Hotel [Member]
Total revenue
7,200	17,600	25,100	22,800	15,000	38,100	43,500	37,800	36,300	31,700	37,300	29,000	29,500	28,900	31,400	26,800	29,100	28,400	31,300	23,300	23,400	26,300	22,900	4,800	9,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods sold
6,000	12,500	17,300	15,700	14,600	30,700	30,600	29,400	30,800	27,000	26,100	22,800	24,400	24,400	23,800	23,600	24,500	23,800	22,700	21,800	21,600	25,000	16,900	6,700	8,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of Real Estate [Member]
Total revenue
0	0	0	0	1,100	8,100	6,500	32,800	9,400	8,100	89,800	12,800	800	12,600	2,500	12,300	1,900	0	1,600	0	2,100	9,400	1,600	6,100	11,300	-3,700	1,600	6,100	6,100	1,025	1,275	0	0	-17	0	0	417	0	0
Investment Management and Property Services Fees [Member]
Total revenue
8,400	-	-	-	8,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment management, property services and research fees [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	9,600	8,900	-	10,500	12,400	12,300	10,100	10,200	11,400	10,300	11,000	-300	14,100	13,500	19,100	22,300	15,100	15,500	16,400	17,500	12,900	39,000	13,200	8,200	20,900	19,500	19,500	42,028	4,015	4,101	3,156	2,943	4,862	2,346	2,449	2,300	2,088
Loan purchases, loan originations, and other [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	-	-	-	-	-	-	100	8,500	4,500	2,100	3,500	3,400	3,600	2,100	6,100	4,600	3,400	5,400	5,700	5,700	4,300	1,700	400	500	500	500	-	-	-	-	-	-	-	-	-	-
Sale of real estate [Member]
Cost of goods sold
0	0	0	0	1,200	6,900	5,800	31,400	8,400	6,500	63,400	9,600	700	9,000	2,500	9,200	1,400	0	1,100	0	1,500	6,000	1,100	3,900	9,700	-3,200	900	5,100	5,100	925	1,275	0	0	3	0	0	397	0	0
Commission and marketing [Member]
Cost of goods sold
700	900	1,200	700	1,000	1,300	1,100	2,100	1,400	1,400	2,100	1,700	2,000	1,900	2,500	1,800	1,800	2,900	1,200	1,800	1,400	1,700	2,000	900	1,000	0	1,000	1,300	1,300	924	1,371	1,340	965	985	1,641	736	638	263	998
Compensation and related [Member]
Cost of goods sold
31,400	43,900	35,600	37,000	35,300	46,000	38,300	44,900	39,600	63,600	35,400	45,500	32,700	58,100	42,200	40,500	45,700	49,400	35,200	44,000	26,200	34,300	26,800	32,200	20,500	19,200	20,900	18,300	18,300	25,142	11,364	10,294	9,000	16,538	8,473	8,257	7,832	12,414	7,884