KFN » Topics » Summary

This excerpt taken from the KFN 10-Q filed May 7, 2009.

Summary

 

Our net loss for the three months ended March 31, 2009 totaled $13.0 million (or $(0.09) per diluted common share) as compared to net income of $14.0 million (or $0.12 per diluted common share) for the three months ended March 31, 2008. Loss from continuing operations for the three months ended March 31, 2009 totaled $13.0 million (or $(0.09) per diluted common share) compared to income from continuing operations of $10.2 million (or $0.09 per diluted common share) for the three months ended March 31, 2008. The decrease in income from continuing operations of $23.2 million from the three months ended March 31, 2008 to 2009 is primarily due to a decline in net investment income attributable to lower interest rates and a smaller investment portfolio between the two periods, as well as an increase in realized losses on investments, provision for loan losses and other-than-temporary impairments on corporate debt and marketable equity securities recorded in the first quarter of 2009, partially offset by a gain on debt restructuring.

 

These excerpts taken from the KFN 10-K filed Mar 2, 2009.

Summary

        Our net loss for the year ended December 31, 2008 totaled $1.1 billion (or $7.68 per diluted common share) as compared to a net loss of $100.2 million (or $1.11 per diluted common share) for the year ended December 31, 2007 and net income of $135.3 million (or $1.68 per diluted common share) for the year ended December 31, 2006. Loss from continuing operations for the year ended December 31, 2008 totaled $1.1 billion (or $7.70 per diluted common share) compared to income from continuing operations of $217.5 million (or $2.40 per diluted common share) for the year ended December 31, 2007 and $125.6 million (or $1.56 per diluted common share) for the year ended December 31, 2006. The decrease in income from continuing operations of $1.3 billion from 2007 to 2008 is primarily due to the realized losses on investments, provision for loan losses and other-than-temporary impairments on corporate debt securities and marketable equity securities recorded in the fourth quarter of 2008. The increase in income from continuing operations of $91.8 million from 2006 to 2007 is primarily attributable to two factors. The first is the increase in our investment portfolio of $5.5 billion from $4.5 billion as of December 31, 2006 to $10.0 billion as of December 31, 2007. The second significant contributing factor is the increase in net realized and unrealized gains from sales of investments of approximately $78.9 million from $10.6 million for the year ended December 31, 2006 to $89.5 million for the year ended December 31, 2007. Gains from investment sales for the year ended December 31, 2007 included a gain of $51.6 million related to our sale of seven private equity investments, or non-marketable equity securities, during the year.

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Summary





        Our net loss for the year ended December 31, 2008 totaled $1.1 billion (or $7.68 per diluted common share) as compared to
a net loss of $100.2 million (or $1.11 per diluted common share) for the year ended December 31, 2007 and net income of $135.3 million (or $1.68 per diluted common share) for the
year ended December 31, 2006. Loss from continuing operations for the year ended December 31, 2008 totaled $1.1 billion (or $7.70 per diluted common share) compared to income from
continuing operations of $217.5 million (or $2.40 per diluted common share) for the year ended December 31, 2007 and $125.6 million (or $1.56 per diluted common share) for the
year ended December 31, 2006. The decrease in income from continuing operations of $1.3 billion from 2007 to 2008 is primarily due to the realized losses on investments, provision for
loan losses and other-than-temporary impairments on corporate debt securities and marketable equity securities recorded in the fourth quarter of 2008. The increase in income
from continuing operations of $91.8 million from 2006 to 2007 is primarily attributable to two factors. The first is the increase in our investment portfolio of $5.5 billion from
$4.5 billion as of December 31, 2006 to $10.0 billion as of December 31, 2007. The second significant contributing factor is the increase in net realized and unrealized
gains from sales of investments of approximately $78.9 million from $10.6 million for the year ended December 31, 2006 to $89.5 million for the year ended
December 31, 2007. Gains from investment sales for the year ended December 31, 2007 included a gain of $51.6 million related to our sale of seven private equity investments, or
non-marketable equity securities, during the year.



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This excerpt taken from the KFN 10-Q filed Nov 18, 2008.

Summary

 

Our net income for the three and nine months ended September 30, 2008 totaled $49.0 million (or $0.33 per diluted common share) and $100.5 million (or $0.73 per diluted common share), respectively, as compared to net loss of $261.5 million (or $2.98 per diluted common share) and $160.1 million (or $1.93 per diluted common share) for the three and nine months ended September 30, 2007, respectively. Income from continuing operations for the three and nine months ended September 30, 2008 totaled $49.0 million (or $0.33 per diluted common share) and $97.9 million (or $0.71 per diluted common share), respectively, as compared to $38.6 million (or $0.44 per diluted common share) and $142.9 million (or $1.73 per diluted common share) for the three and nine months ended September 30, 2007, respectively.

 

This excerpt taken from the KFN 10-Q filed Nov 10, 2008.

Summary

 

Our net income for the three and nine months ended September 30, 2008 totaled $49.0 million (or $0.33 per diluted common share) and $100.5 million (or $0.73 per diluted common share), respectively, as compared to net loss of $261.5 million (or $2.98 per diluted common share) and $160.1 million (or $1.93 per diluted common share) for the three and nine months ended September 30, 2007, respectively. Income from continuing operations for the three and nine months ended September 30, 2008 totaled $49.0 million (or $0.33 per diluted common share) and $97.9 million (or $0.71 per diluted common share), respectively, as compared to $38.6 million (or $0.44 per diluted common share) and $142.9 million (or $1.73 per diluted common share) for the three and nine months ended September 30, 2007, respectively.

 

This excerpt taken from the KFN 10-Q filed Aug 7, 2008.

Summary

 

Our net income for the three and six months ended June 30, 2008 totaled $37.6 million (or $0.26 per diluted common share) and $51.5 million (or $0.39 per diluted common share), respectively, as compared to net income of $53.0 million (or $0.65 per diluted common share) and $101.4 million (or $1.24 per diluted common share), respectively, for the three and six months ended June 30, 2007. Income from continuing operations for the three and six months ended June 30, 2008 totaled $38.6 million (or $0.26 per diluted common share) and $48.9 million (or $0.37 per diluted common share), respectively, as compared to $68.5 million (or $0.84 per diluted common share) and $104.3 million (or $1.28 per diluted common share), respectively, for the three and six months ended June 30, 2007. The decrease in income from continuing operations of $29.9 million, or 43.6%, and $55.5 million, or 53.2%, from the three and six months ended June 30, 2007 to 2008, respectively, is primarily attributable to a significant increase in net realized and unrealized losses on investments, derivatives and foreign exchange.

 

This excerpt taken from the KFN 10-Q filed May 1, 2008.

Summary

 

The tables below summarize the carrying value, amortized cost, and estimated fair value of our investment portfolio as of March 31, 2008 and December 31, 2007, classified by interest rate type. Carrying value is the value that investments are recorded on our condensed consolidated balance sheets and is estimated fair value for securities, amortized cost for loans held for investment, and the lower of cost or estimated fair value for loans held for sale. Estimated fair values set forth in the tables below are based on dealer quotes and/or nationally recognized pricing services.

 

The table below summarizes our investment portfolio as of March 31, 2008 classified by interest rate type:

 

These excerpts taken from the KFN 10-K filed Feb 28, 2008.

Summary

        The table below summarizes the repricing characteristics of our investment portfolio as of December 31, 2007 and December 31, 2006, and is classified by interest rate type:

Summary





        The table below summarizes the repricing characteristics of our investment portfolio as of December 31, 2007 and December 31, 2006, and is
classified by interest rate type:



This excerpt taken from the KFN 10-Q filed Nov 7, 2007.

Summary

 

The table below summarizes the repricing characteristics of our investment portfolio as of September 30, 2007 and December 31, 2006, and is classified by interest rate type:

 

This excerpt taken from the KFN 10-Q filed Aug 2, 2007.

Summary

The table below summarizes the repricing characteristics of our investment portfolio as of June 30, 2007 and December 31, 2006, and is classified by interest rate type:

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