Early Access

10-QPeriod: Q2 FY2015

KKR & Co. Inc. Quarterly Report for Q2 Ended Jun 30, 2015

Filed August 7, 2015For Securities:KKRKKRTKKR-PDKKRS

Summary

KKR & Co. Inc. (KKR) reported strong financial performance for the quarter ending June 30, 2015. The company saw a significant increase in Net Income Attributable to KKR & Co. L.P., reaching $376.3 million, a substantial rise from $178.2 million in the same period last year. This growth was primarily driven by a robust increase in Net Gains (Losses) from Investment Activities, particularly within the Private Markets segment, which benefited from strong unrealized gains in key funds like the 2006 Fund, North America Fund XI, and Asian Fund II. The company's total segment revenues also showed healthy growth, increasing to $1,004.9 million for the Private Markets segment and $188.2 million for the Public Markets segment, year-over-year. This was supported by increased monitoring and transaction fees, along with substantial performance income driven by carried interest. KKR's Assets Under Management (AUM) grew to $63.1 billion in Private Markets and $38.4 billion in Public Markets, indicating continued capital deployment and investor confidence. The company maintained a solid liquidity position with $2.0 billion in cash and short-term investments.

Financial Highlights

26 data points
Beta

Net Income

$376.31M

Total Assets

$71.69B

Cash & Equivalents

$1.82B

Free Cash Flow

$54.48M

Financial Statements
Beta
Interest Expense$139.43M
Net Income$376.31M

Key Highlights

  • 1Net Income Attributable to KKR & Co. L.P. surged to $376.3 million for the quarter, a significant increase from $178.2 million in Q2 2014.
  • 2Net Gains (Losses) from Investment Activities, a key driver of profitability, increased by 58% year-over-year to $3.1 billion.
  • 3The Private Markets segment reported a substantial increase in segment revenues to $1,004.9 million, up from $642.9 million in the prior year's quarter, driven by performance income and monitoring fees.
  • 4Total Assets Under Management (AUM) across segments demonstrated growth, with Private Markets reaching $63.1 billion and Public Markets reaching $38.4 billion as of June 30, 2015.
  • 5The company reported strong Fee Paying Assets Under Management (FPAUM) of $46.8 billion in Private Markets and $37.0 billion in Public Markets.
  • 6KKR's balance sheet remained strong, with $2.0 billion in cash and short-term investments available as of June 30, 2015.
  • 7The company's Economic Net Income (ENI) increased by approximately 77% year-over-year for the Private Markets segment, reaching $666.2 million.

Frequently Asked Questions