Kennedy-Wilson Holdings, Inc. (KW)

Kennedy-Wilson Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	59.2	4.7	-33	-303.8	93.7	330.4
Depreciation & Amortization	129.3	133.4	146.7	152.3	164.9	173.1
Other Amortization	13.7	13.3	2.4	12.1	11.7	18.6
Gain (Loss) on Sale of Assets	-100.2	-96.6	-164.2	-131.1	-103.7	-412.7
Gain (Loss) on Sale of Investments	-138.3	-101.3	-26.3	229.3	-119.3	-210.4
Stock-Based Compensation	36.2	36.1	15.7	30.7	36.6	85
Income (Loss) on Equity Investments	16.3	26.1	80.6	92.7	19	-96.4
Change in Accounts Receivable	-12.7	-4.5	11.6	-23.8	-13.4	-0.5
Change in Other Net Operating Assets	-41	-45.1	1.4	3.6	-17.7	-43.4
Other Operating Activities	19	41.2	9	-20.1	-38.9	126
Operating Cash Flow	-24.6	11.4	55.1	48.9	32.9	-30.3
Operating Cash Flow Growth	-	-79.31%	12.68%	48.63%	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Acquisition of Real Estate Assets	-180.2	-165.9	-148.2	-217.2	-569.1	-1,271
Sale of Real Estate Assets	656	565.7	589.5	383.9	325.9	486.4
Net Sale / Acq. of Real Estate Assets	475.8	399.8	441.3	166.7	-243.2	-784.6
Cash Acquisition	-37.4	-29.4	-	-	-	-
Investment in Marketable & Equity Securities	195.8	153	-38.4	-75	-204.2	-198
Other Investing Activities	-11	-12.1	1.6	-2.1	102.2	-30.1
Investing Cash Flow	629.9	525.8	414.2	-11.7	-361.6	-1,038

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	722.5	530.7	458.9	929.7	3,264
Total Debt Issued	804.6	722.5	530.7	458.9	929.7	3,264
Long-Term Debt Repaid	-	-1,139	-917.4	-631.4	-780.4	-2,361
Total Debt Repaid	-1,332	-1,139	-917.4	-631.4	-780.4	-2,361
Net Debt Issued (Repaid)	-527.7	-416	-386.7	-172.5	149.3	902.4
Issuance of Common Stock	-	-	-	29.8	-	-
Repurchase of Common Stock	-14.3	-9.2	-15	-20.9	-31.2	-83.2
Preferred Stock Issued	-	-	-	197.4	297.3	-
Common Dividends Paid	-66.4	-68	-100.2	-136	-134.6	-123.5
Preferred Dividends Paid	-43.5	-43.5	-43.5	-35.5	-25.9	-17.2
Total Dividends Paid	-109.9	-111.5	-143.7	-171.5	-160.5	-140.7
Other Financing Activities	-117.5	-23.3	-20.1	-27.1	9.3	-46.5

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-7.9	-10.2	-	2	-21	-4
Net Cash Flow	-172	-33	-96.2	-125.6	-85.5	-440.3

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Levered Free Cash Flow	-22.43	112.34	11.95	-99.85	118.59	209.58
Unlevered Free Cash Flow	112.25	248.79	172.74	50.05	244.89	311.23

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	224.2	220	256.1	252	214.4	183.7
Cash Income Tax Paid	13.4	14.9	9.2	21.8	19.9	16.5
Change in Working Capital	-63.4	-49.6	13	-20.2	-31.1	-43.9

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Feb 27, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jan 1, 2000

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