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Document/Exhibit Description Pages Size
1: S-3ASR Automatic Shelf Registration Statement for HTML 710K
Securities of a Well-Known Seasoned
Issuer
2: EX-4.4 Instrument Defining the Rights of Security Holders HTML 238K
3: EX-5.1 Opinion re: Legality HTML 108K
4: EX-5.2 Opinion re: Legality HTML 100K
6: EX-23.1 Consent of Experts or Counsel HTML 49K
7: EX-23.2 Consent of Experts or Counsel HTML 48K
8: EX-23.3 Consent of Experts or Counsel HTML 48K
9: EX-23.4 Consent of Experts or Counsel HTML 48K
10: EX-23.5 Consent of Experts or Counsel HTML 48K
11: EX-23.6 Consent of Experts or Counsel HTML 48K
12: EX-23.7 Consent of Experts or Counsel HTML 48K
13: EX-23.8 Consent of Experts or Counsel HTML 48K
14: EX-25.2 Statement re: Eligibility of Trustee -- Form T-1|2 HTML 300K
15: EX-25.3 Statement re: Eligibility of Trustee -- Form T-1|2 HTML 303K
5: EX-12.1 Statement re: Computation of Ratios HTML 80K
| EX-12.1 |
Exhibit 12.1
Kennedy-Wilson Holdings, Inc.
Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
| 6 months Ended | ||||||||||||||||||||||||
| June 30, 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
| Earnings: |
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| Pre-tax income from continuing operations before adjustment for income or loss from equity investees: |
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| - Income (loss) before (provision for) benefit from income taxes |
$ | 14,800,000 | $ | 112,400,000 | $ | 122,500,000 | $ | 16,800,000 | $ | 6,841,000 | $ | 5,121,000 | ||||||||||||
| - Equity in earnings from real estate ventures (deduct income) |
(27,600,000 | ) | (97,400,000 | ) | (54,200,000 | ) | (41,400,000 | ) | (21,527,000 | ) | (12,507,000 | ) | ||||||||||||
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| (12,800,000 | ) | 15,000,000 | 68,300,000 | (24,600,000 | ) | (14,686,000 | ) | (7,386,000 | ) | |||||||||||||||
| Adjustments: |
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| Fixed charges |
96,926,000 | 166,580,000 | 136,314,000 | 55,382,000 | 32,960,000 | 24,737,000 | ||||||||||||||||||
| Distributions from equity investees—operating |
17,900,000 | 88,500,000 | 88,800,000 | 67,700,000 | 30,432,000 | 3,567,000 | ||||||||||||||||||
| Interest capitalized |
0 | (200,000 | ) | 0 | (800,000 | ) | (2,258,000 | ) | (2,716,000 | ) | ||||||||||||||
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| Total earnings |
$ | 102,026,000 | $ | 269,880,000 | $ | 293,414,000 | $ | 97,682,000 | $ | 46,448,000 | $ | 18,202,000 | ||||||||||||
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| Fixed charges: |
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| Interest |
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| - Expensed |
90,400,000 | 156,700,000 | 130,700,000 | 51,700,000 | 28,595,000 | 20,507,000 | ||||||||||||||||||
| - Capitalized |
0 | 200,000 | 0 | 800,000 | 2,258,000 | 2,716,000 | ||||||||||||||||||
| Amortization related to indebtedness—(6063-1000) |
5,819,000 | 8,156,000 | 4,114,000 | 2,160,000 | 1,205,000 | 812,000 | ||||||||||||||||||
| Amortization of premiums and discounts |
5,000 | 41,000 | ||||||||||||||||||||||
| Estimated interest within rental expense |
707,000 | 1,524,000 | 1,500,000 | 722,000 | 897,000 | 661,000 | ||||||||||||||||||
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| Total fixed charges |
$ | 96,926,000 | $ | 166,580,000 | $ | 136,314,000 | $ | 55,382,000 | $ | 32,960,000 | $ | 24,737,000 | ||||||||||||
| Preferred stock dividends |
1,100,000 | 3,600,000 | 8,100,000 | 8,100,000 | 8,144,000 | 8,744,000 | ||||||||||||||||||
| Total combined fixed charges and preferred stock dividends |
98,026,000 | 170,180,000 | 144,414,000 | 63,482,000 | 41,104,000 | 33,481,000 | ||||||||||||||||||
| Ratio of earnings to fixed charges |
1.05 | 1.62 | 2.15 | 1.76 | 1.41 | N/A | ||||||||||||||||||
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| Amount of deficiency |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | 6,535,000 | ||||||||||||
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| Ratio of earnings to combined fixed charges and preferred stock dividends |
1.04 | 1.59 | 2.03 | 1.54 | 1.13 | N/A | ||||||||||||||||||
| Amount of deficiency recap of rent expense |
0 | 0 | 0 | 0 | 0 | 15,279,000 | ||||||||||||||||||
| Net rental expense (5310-1000 and 5310-1100) |
2,141,000 | 4,618,000 | 4,546,000 | 2,188,000 | 2,718,000 | 2,004,000 | ||||||||||||||||||
| Interest in rent—33% |
707,000 | 1,524,000 | 1,500,000 | 722,000 | 897,000 | 661,000 | ||||||||||||||||||
| 8765-0200: Loan Fee Amort—Corporate |
1,287,789 | 2,161,867 | 2,367,909 | |||||||||||||||||||||
| 8765-0300: Loan Fee Amort—Investments |
4,531,145 | 5,993,773 | 1,746,235 | 2,160,164 | ||||||||||||||||||||
| 8375-0800: Rent (G&A) |
2,111,522 | 4,375,350 | 4,322,105 | 2,069,934 | ||||||||||||||||||||
| 8375-1000: Parking |
29,586 | 242,846 | 223,919 | 118,059 | ||||||||||||||||||||
| This ‘S-3ASR’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on / Effective on: | 11/2/16 | 4 | ||
| 6/30/16 | 10-Q | |||
| List all Filings | ||||