Item 9B. OTHER INFORMATION

We are providing the following supplemental information about after-tax economic net income (loss) ("ENI") on a voluntary basis for comparability purposes. ENI is a measurement of the operating and investment earnings of KKR including mark-to-market gains (losses) that had been used in periods prior to the second quarter of 2018. ENI is calculated as after-tax distributable earnings, plus unrealized carried interest and unrealized investment income, less unrealized performance income compensation and non-current income taxes.

The following reconciles after-tax distributable earnings and ENI to GAAP Net Income (Loss) Attributable to KKR & Co. Inc. Class A Common Stockholders for the years ended December 31, 2018, 2017, and 2016:



	Year Ended
	December 31, 2018			December 31, 2017		December 31, 2016
	($ in thousands)
After-tax Distributable Earnings	$	1,597,240		$	1,355,600	$	1,341,469
Add: Unrealized Carried Interest	(756,467		)	600,242		(420,372		)
Add: Net Unrealized Gains (Losses)	1,043,912			395,358		(584,423		)
Deduct: Unrealized Performance Income Compensation	(295,794		)	247,601		(161,510		)
Deduct: Non-current Income Taxes (1)	(38,300		)	77,839		(77,441		)
Add: Non-recurring Items (2)	(729,425		)	—		—
ENI	1,489,354			2,025,760		575,625
Deduct: Net Income (Loss) Attributable to Noncontrolling Interests held by KKR Holdings L.P.	561,052			791,021		212,878
Deduct: Equity-based and Other Compensation - KKR Holdings L.P.	100,632			141,727		78,663
Deduct: Amortization of Intangibles and Other, net	26,116			122,870		(17,267		)
Add: Gain from remeasurement of tax receivable agreement liability	—			67,221		—
Add: Provision for Income Tax (Benefit) - ENI	113,548			171,904		10,282
Deduct: Income Tax Expense (Benefit) - GAAP	(194,098		)	224,326		24,561
Deduct: One-time Non-recurring Costs (3)	11,501			—		—
GAAP Net Income (Loss) Attributable to KKR & Co. Inc. Class A Common Stockholders	$	1,097,699		$	984,941	$	287,072


(1)	Excludes the impact of the estimated tax benefit resulting from the partial step-up in the tax basis of certain assets in connection with the Conversion.


(2)	Represents losses on certain investments which were realized in the second quarter of 2018 in advance of the Conversion.


(3)	Represents non-recurring costs in connection with the Conversion.

PART III

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