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NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK (Tables) | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Net Income (Loss) Attributable to KKR & Co. per Share of Common Stock | For the years ended December 31, 2022, 2021 and 2020, basic and diluted Net Income (Loss) attributable to KKR & Co. Inc. per share of common stock were calculated as follows:
|  |  |  |  |  |  | For the Years Ended December 31,
|  |  |  |  |  |  |  |  |  |  |  |  | 2022 |  | 2021 |  | 2020
Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders |  |  |  |  |  |  |  |  |  |  |  |  | $ | (910,130) |  | $ | 4,560,829 |  |  | $ | 1,945,954 |
(-) Accumulated Series C Mandatory Convertible Preferred Dividend |  |  |  |  |  |  |  |  |  |  |  |  | — |  | — |  | 3,067 |
Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Basic |  |  |  |  |  |  |  |  |  |  |  |  | $ | (910,130) |  | $ | 4,560,829 |  |  | $ | 1,942,887 |
(+) Series C Mandatory Convertible Preferred Dividend (if dilutive) (1) |  |  |  |  |  |  |  |  |  |  |  |  | — |  | 69,000 |  |  | 26,258 |
Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Diluted |  |  |  |  |  |  |  |  |  |  |  |  | $ | (910,130) |  | $ | 4,629,829 |  |  | $ | 1,969,145 |
Basic Net Income (Loss) Per Share of Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted Average Shares of Common Stock Outstanding - Basic |  |  |  |  |  |  |  |  |  |  |  |  | 749,504,970 |  |  | 582,258,984 |  |  | 562,812,883 |
Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock - Basic |  |  |  |  |  |  |  |  |  |  |  |  | $ | (1.21) |  |  | $ | 7.83 |  |  | $ | 3.45 |
Diluted Net Income (Loss) Per Share of Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted Average Shares of Common Stock Outstanding - Basic |  |  |  |  |  |  |  |  |  |  |  |  | 749,504,970 |  |  | 582,258,984 |  |  | 562,812,883 |
Incremental Common Shares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assumed vesting of dilutive equity awards (2) |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | 24,011,281 |  |  | 9,823,514 |
Assumed conversion of Series C Mandatory Convertible Preferred Stock (1) |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | 26,822,600 |  |  | 11,048,955 |
Weighted Average Shares of Common Stock Outstanding - Diluted |  |  |  |  |  |  |  |  |  |  |  |  | 749,504,970 |  |  | 633,092,865 |  |  | 583,685,352 |
Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock - Diluted |  |  |  |  |  |  |  |  |  |  |  |  | $ | (1.21) |  |  | $ | 7.31 |  |  | $ | 3.37 |
(1)For the year ended December 31, 2022, the impact of Series C Mandatory Convertible Preferred Stock is excluded from the calculation of Diluted Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock because inclusion of such shares would be anti-dilutive having the effect of decreasing the loss per share of common stock. For the years ended December 31, 2021 and 2020, the impact of Series C Mandatory Convertible Preferred Stock calculated under the if-converted method was dilutive, and as such (i) 26.8 million and 11.0 million, respectively, shares of common stock (assuming a conversion ratio based on the average volume weighted average price per share of common stock over each reporting period) were included in the Weighted Average Shares of Common Stock Outstanding - Diluted and (ii) $69.0 million and $26.3 million, respectively, of Series C Mandatory Convertible Preferred dividends were added back to Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Diluted. (2)For the year ended December 31, 2022, all unvested equity awards are excluded from the calculation of Diluted Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock because inclusion of such unvested equity awards would be anti-dilutive having the effect of decreasing the loss per share of common stock. For the years ended December 31, 2021 and 2020, Weighted Average Shares of Common Stock Outstanding – Diluted includes unvested equity awards, including certain equity awards that have met their market price-based vesting condition but have not satisfied their service-based vesting condition, which have been granted under the Equity Incentive Plans. Vesting of these equity awards dilute equity holders of KKR Group Partnership, including KKR & Co. Inc. and holders of exchangeable securities pro rata in accordance with their respective ownership interests in KKR Group Partnership.
Schedule of KKR Holdings Shares Excluded from the Calculation of Diluted Net Income (Loss) Attributable to KKR & Co. L.P. per Share of Common Stock - Diluted |
|  |  |  |  | For the Years Ended December 31, |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  | 2022 |  | 2021 |  | 2020 |  |  |  |  |  |  |
Weighted Average KKR Holdings Units |  |  |  |  |  |  |  |  | 107,018,025 |  |  | 271,719,976 |  |  | 283,633,220 |  |  |  |  |  |  |  |
Weighted Average Vested Restricted Holdings Units |  |  |  |  |  |  |  |  | 2,250,186 |  |  | 1,190,590 |  |  | — |  |  |  |  |  |  |  |
Total |  |  |  |  |  |  |  |  | 109,268,211 |  |  | 272,910,566 |  |  | 283,633,220 |  |  |  |  |  |  |  |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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