KKR & Co, Inc. (NYSE:KKR) Q3 2020 Earnings Conference Call October 30, 2020 10:00 AM ET Company Participants Craig Larson - Head, IR Robert Lewin - CFO Scott Nuttall - Co-President, Co-COO Conference Call Participants William Katz - Citi Glenn Schorr - Evercore Alex Blostein - Goldman Sachs Jeremy Campbell - Barclays Patrick Davitt - Autonomous Research Michael Carrier - Bank of America Gerry O'Hara - Jefferies Christoph Kotowski - Oppenheimer Christopher Harris - Wells Fargo Robert Lee - KBW Michael Cyprys ...

KKR & Co. Inc. (NYSE:KKR) Barclays Global Financial Services Conference September 14, 2020 12:00 PM ET Company Participants Rob Lewin - Chief Financial Officer Conference Call Participants Jeremy Campbell - Barclays Jeremy Campbell All right. Good afternoon, everybody. I'm Jeremy Campbell, and I cover the Exchanges, Brokers and Asset Managers sector here at Barclays. Kicking off our slate of alternative asset managers that we cover is Rob Lewin, KKR's CFO. Rob, very happy to have you here at our now virtua ...

Financial Performance - Total revenues for Q2 2020 were $1,331,994, an increase of 12.9% compared to $1,179,864 in Q2 2019[28] - Net income attributable to KKR & Co. Inc. was $698,628 for Q2 2020, up 35.9% from $514,393 in Q2 2019[28] - Investment income for Q2 2020 was $1,582,503, compared to $1,156,076 in Q2 2019, representing a growth of 36.8%[28] - The company reported net gains from investment activities of $1,480,869 in Q2 2020, up from $1,037,985 in Q2 2019, an increase of 42.6%[28] - Net income for the three months ended June 30, 2020, was $1,951,165, compared to $1,361,730 for the same period in 2019, representing an increase of approximately 43.3%[31] - Comprehensive income attributable to KKR & Co. Inc. for the three months ended June 30, 2020, was $708,756, up from $522,580 in 2019, reflecting a growth of about 35.5%[31] - KKR's fee-related earnings (FRE) for the first half of 2020 were $774,045, down from $891,989 in the same period of 2019, a decrease of 13.2%[28] - The company reported a comprehensive loss of $(2,301,665) for the six months ended June 30, 2020, compared to a comprehensive income of $2,989,103 in 2019, marking a significant decline[31] - The net income attributable to KKR & Co. Inc. for the six months ended June 30, 2020, was $(584,386), a significant decrease from $1,231,633 in 2019[31] - KKR reported a net loss of $2,276,788 for the six months ended June 30, 2020, compared to a net income of $2,988,776 for the same period in 2019[37] Assets and Liabilities - Total assets increased to $62,110,382 as of June 30, 2020, compared to $60,899,319 at the end of 2019, reflecting a growth of 2%[19][21] - Total liabilities rose to $32,715,720 as of June 30, 2020, compared to $30,396,945 at the end of 2019, marking an increase of 7.6%[19][21] - Total equity decreased to $29,394,662 as of June 30, 2020, from $30,502,374 at the end of 2019, a decline of 3.6%[21] - KKR's total stockholders' equity was reported at $9,954,868 as of June 30, 2020[35] - Total liabilities reached $16,025,098 million, with debt obligations of consolidated CFEs accounting for $15,293,024 million[178] - The company reported a total of $2,112,831 million in assets as of June 30, 2020[173] - KKR's total borrowings stood at $28,676,899 as of June 30, 2020, compared to $27,379,075 as of December 31, 2019, indicating an increase of about 4.7%[216] Cash and Cash Equivalents - KKR's cash and cash equivalents increased to $2,454,541 as of June 30, 2020, compared to $2,346,713 at the end of 2019, an increase of 4.6%[19] - KKR's cash and cash equivalents at the end of the period were $3,738,629, an increase from $3,237,416 at the beginning of the period[40] Investment Activities - The firm made investments totaling $17,200,657 during the six months ended June 30, 2020, compared to $15,312,092 in the prior year[37] - KKR's investments consist primarily of private equity, credit, real assets, and other investments, with a focus on below investment grade corporate debt securities[61][62] - KKR's real assets investments include energy-related assets, infrastructure assets, and residential and commercial real estate[64] - KKR's energy investments include working and royalty interests in oil and natural gas properties, which are reflected at fair value as of the end of the reporting period[68] - The company recognized an $88.3 million impairment charge during Q2 2020, indicating a significant decline in growth expectations for one of its equity method investments[171] Fair Value Measurements - Fair value measurements for KKR's investments are classified into three levels based on the observability of inputs, with Level III requiring significant management judgment[89] - KKR employs market comparables analysis and discounted cash flow analysis for determining the fair value of private equity investments[99] - The fair value of private equity investments was $13,573,075 million, with $10,810,113 million classified as Level III[174] - The total balance of Level III investments at the end of the period was $26,072,813, an increase from $24,542,122 at the beginning of the period, reflecting a growth of approximately 6.2%[180] - Net unrealized gains for Level III investments amounted to $1,584,843, compared to a loss of $320,950 in the previous period, indicating a significant recovery in asset valuations[180] Revenue Recognition - KKR's revenues from contracts with customers include management fees, transaction fees, and monitoring fees, with management fees being variable based on capital committed or invested[116] - The company recognizes revenue when performance obligations are satisfied, with management fees recognized over time as services are rendered[116] - Incentive fees range from 5% to 20% of investment gains and are recognized at the end of each fund's measurement period[124] COVID-19 Impact - The impact of COVID-19 on KKR's business remains uncertain, with potential adverse effects driven by various unpredictable factors[51] - The ongoing COVID-19 pandemic has led to significant volatility in financial markets, impacting KKR's stock prices and overall economic conditions[50] Other Financial Metrics - KKR's commitments to unconsolidated investment funds amounted to $3.1 billion as of June 30, 2020, with no additional financial support provided beyond this amount[207] - The maximum exposure to loss for unconsolidated VIEs decreased to $4,752,434 as of June 30, 2020, down from $5,768,742 as of December 31, 2019, representing a reduction of approximately 17.6%[208] - The company reported $311.6 million in unsettled investment sales as of June 30, 2020, significantly up from $86.0 million at the end of 2019[200]

KKR & Co. Inc. (NYSE:KKR) Q2 2020 Earnings Conference Call August 4, 2020 10:00 AM ET Company Participants Craig Larson - Partner and Head, IR Robert Lewin - CFO Scott Nuttall - Co-President, Co-COO & Director Conference Call Participants Alexander Blostein - Goldman Sachs Group Glenn Schorr - Evercore ISI Robert Lee - KBW William Katz - Citigroup Michael Carrier - Bank of America Merrill Lynch Patrick Davitt - Autonomous Research Devin Ryan - JMP Securities Gerald O'Hara - Jefferies Brian Bedell - Deutsche ...

KKR & Co. Inc. (NYSE:KKR) Morgan Stanley Financials Conference 2020 June 9, 2020 9:30 AM ET Company Participants Joseph Y. Bae - Co-President and Co-Chief Operating Officer Conference Call Participants Michael Cyprys - Morgan Stanley Michael Cyprys Good morning, everyone. Mike Cyprys, Morgan Stanley's brokers and asset managers analysts. Before we get started, I've been asked to direct your attention to important disclosures of the Morgan Stanley Research Disclosure website at morganstanley.com\research dis ...

KKR & Co. Inc. (NYSE:KKR) Bernstein Strategic Decisions Conference 2020 Call May 28, 2020 3:00 PM ET Company Participants Scott Nuttall – Co-President and Co-Chief Operating Officer Conference Call Participants Patrick Davitt – Autonomous Patrick Davitt Hey, good afternoon, everyone. Thanks for joining our last asset manager conversation of the day. Before we get started, quickly I wanted to remind you that we’re using an interactive Q&A on Pigeonhole. There should be a link on the left side of your screen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock KKR New York Stock Exchange 6.75% Series A Preferred Stock KKR PR A New York Stock Exchange 6.50% Series B Preferred Stock KKR PR B New York Stock Exchange Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...

KKR & Co, Inc. (NYSE:KKR) Q1 2020 Earnings Conference Call May 6, 2020 10:00 AM ET Company Participants Craig Larson - Partner & Head, IR Robert Lewin - CFO Scott Nuttall - Co-President, Co-COO & Director Conference Call Participants Alexander Blostein - Goldman Sachs Group William Katz - Citigroup Christoph Kotowski - Oppenheimer Craig Siegenthaler - Crédit Suisse Devin Ryan - JMP Securities Patrick Davitt - Autonomous Research Glenn Schorr - Evercore ISI Michael Carrier - Bank of America Merrill Lynch Rob ...