KKRS Q4 2023 Earnings Report — KKR Group Finance Co. IX LLC 4. Revenue & Financial Results | Market Cap Arena

KKR Group Finance Co. IX LLC 4.KKRS

Q4 2023 Earnings

Reported February 29, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2023	Q3 2023	Q4 2022	QoQ Change	YoY Change
Revenue	$6.3B	—	—	—	—
Op. Income	$7.9B	—	—	—	—
Gross Margin	55.8%	—	—	—	—
Net Margin	16.4%	—	—	—	—
EPS (Diluted)	$1.14	—	—	—	—
Free Cash Flow	$2.1B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$6.3B
Cost of Revenue	$2.8B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$755M
SG&A Expenses	$755M
Other Expenses	$1.2B
Operating Expenses	$2.0B
Cost & Expenses	$4.8B
OPERATING INCOME	$7.9B
Interest Income	$917M
Interest Expense	$814M
Other Income/Expenses	-$6.0B
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$287M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	-$1.6B
EBIT	$1.0B
EBITDA	-$639M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.3B
Cost of Revenue	$2.8B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$755M
SG&A Expenses	$755M
Other Expenses	$1.2B
Operating Expenses	$2.0B
Cost & Expenses	$4.8B
OPERATING INCOME	$7.9B
Interest Income	$917M
Interest Expense	$814M
Other Income/Expenses	-$6.0B
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$287M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	-$1.6B
EBIT	$1.0B
EBITDA	-$639M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.0B
Depreciation & Amortization	$22M
Stock-Based Compensation	$140M
Deferred Income Tax	$1.3B
Other Non-Cash Items	-$979M
Change in Working Capital	$563M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$29M
Acquisitions (Net)	$0
Purchases of Investments	-$20.1B
Sales/Maturities of Investments	$24.0B
Other Investing Activities	$21M
NET CASH FROM INVESTING	$3.9B
Net Debt Issuance	$0
Common Stock Repurchased	-$10M
Common Dividends Paid	-$146M
Other Financing Activities	$7.3B
NET CASH FROM FINANCING	$3.1B
FREE CASH FLOW	$2.1B
Net Change in Cash	-$218M

Balance Sheet

Item	Amount
Cash & Equivalents	$20.3B
Short-Term Investments	$0
Net Receivables	$40.3B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$61.4B
PP&E (Net)	$1.4B
Goodwill	$1.1B
Intangible Assets	$6.3B
Long-Term Investments	$240.0B
Tax Assets	$2.3B
Other Non-Current Assets	$4.5B
TOTAL NON-CURRENT ASSETS	$255.9B
TOTAL ASSETS	$317.3B
Account Payables	$2.9B
Short-Term Debt	$200M
Deferred Revenue	$0
Other Current Liabilities	$37.5B
TOTAL CURRENT LIABILITIES	$40.6B
Long-Term Debt	$49.2B
Deferred Revenue NC	$801M
Deferred Tax Liabilities	$2.4B
Other Non-Current Liabilities	$165.9B
TOTAL NON-CURRENT LIABILITIES	$218.3B
TOTAL LIABILITIES	$258.9B
Common Stock	$9M
Additional Paid-In Capital	$0
Retained Earnings	$9.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$4.5B
Other Equity	$11M
TOTAL STOCKHOLDERS' EQUITY	$22.9B
Minority Interest	$35.5B
TOTAL EQUITY	$58.4B
TOTAL LIABILITIES & EQUITY	$317.3B
Total Debt	$49.4B
Net Debt	$29.0B