Hudson pacific properties, inc. (HPP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)

55,846

111,781

94,561

43,758

-16,082

23,522

-2,594

-5,006

-2,238

-2,682

-644

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

282,088

251,003

283,570

269,087

245,071

72,216

70,852

57,024

44,660

15,912

10,908

Non-cash portion of interest expense

6,258

5,965

6,032

4,464

4,746

949

486

1,126

1,014

1,328

1,549

Amortization of stock-based/unit-based compensation

19,481

17,028

15,079

14,144

8,421

7,559

6,454

4,212

2,660

765

0

Loss from unconsolidated real estate entity

-747

0

-

-

-

-

-

-

-

-

-

Straight-line rents

52,959

36,202

29,638

29,079

29,392

13,362

10,383

3,365

4,098

3,768

1,356

Straight-line rent expenses

1,463

711

433

1,023

408

0

-

-

-

-

-

Amortization of above- and below-market leases, net

-12,836

-17,593

-18,062

-19,734

-22,073

-5,635

-

-

-

-

-

Amortization of above- and below-market ground leases, net

2,460

2,422

2,505

2,160

1,642

248

-

-

-

-

-

Amortization of lease incentive costs

1,771

1,464

1,546

1,388

581

425

36

91

407

135

0

Amortization of above-market leases

-

-

-

-

-

-

2,542

3,757

3,312

1,119

672

Amortization of below-market leases

-

-

-

-

-

-

8,570

7,321

-3,961

-1,186

-1,096

Other non-cash adjustments

0

-369

-883

-707

246

-

-

-

-

-

-75

Impairment loss

52,201

0

-

-

-

-

-

-

-

-

-

Bad debt (recovery) expense

-

-

-

-

-

-97

959

724

946

36

191

Amortization of ground lease intangible

-

-

-

-

-

-

247

247

266

63

0

Amortization of discount and net origination fees on purchased and originated loans

-

-

-

-

-

-156

0

0

-

-

-

Unrealized loss on ineffective portion of derivative instruments

-

-

-

-

-

0

-

-

-

347

399

Gains on sale of real estate

47,100

43,337

45,600

30,389

30,471

5,538

-5,580

-

-

-

-

Impairment loss

-

-

-

-

-

-

-

-

0

-

-

Loss on sale of asset

-

-

-

-

-

-

-

-

-

-

-33

Change in operating assets and liabilities:
Restricted cash

-

-

-

-

-

333

-807

4,801

5,400

-1,571

-746

Accounts receivable

-699

10,854

-1,929

-15,088

5,734

7,375

-3,557

4,203

5,431

3,817

236

Deferred leasing costs and lease intangibles

46,645

55,286

32,244

43,476

28,980

12,266

24,213

5,496

4,188

1,309

5,032

Prepaid expenses and other assets

11,165

2,978

-233

7,312

17,032

1,602

803

-323

361

137

0

Accounts payable, accrued liabilities and other

18,202

-13,184

19,447

-4,426

18,342

3,114

957

4,554

3,659

626

1,058

Security deposits and prepaid rent

17,500

3,317

-7,741

9,371

46,582

-

-

-

-

-

-

Security deposits

-

-

-

-

-

485

-500

232

599

907

1,123

Prepaid rent

-

-

-

-

-

1,014

-3,867

723

236

-1,597

-3,054

Net cash provided by operating activities

288,011

214,626

292,959

226,774

175,783

63,168

41,547

42,821

32,082

7,619

4,538

CASH FLOWS FROM INVESTING ACTIVITIES
Additions to investment property

385,751

351,277

302,447

258,718

170,590

123,298

87,153

27,150

16,385

11,629

15,457

Property acquisitions

0

362,687

257,734

630,145

1,804,597

113,580

389,883

392,320

114,219

230,527

0

Purchase of U.S. Government securities

0

149,176

-

0

-

-

-

-

-

-

-

Maturities of U.S. Government securities

6,226

2,229

-

0

-

-

-

-

-

-

-

Proceeds from sales of real estate

147,824

454,542

212,250

372,302

177,488

18,629

52,994

0

0

-

-

Distributions from unconsolidated entities

290

14,036

15,964

0

0

-

-

-

-

-

-

Contributions to unconsolidated entities

64,498

0

1,071

37,228

0

0

-

-

-

-

-

Deposits for property acquisitions

20,500

0

-

-

-

-

-

-

-

-

-

Proceeds from repayment of notes receivable

-

-

0

28,892

0

0

-

-

-

-

-

Acquisition of notes receivable

-

-

-

-

-

28,112

0

4,000

0

0

-

Net cash used in investing activities

-316,409

-392,333

-333,038

-524,897

-1,797,699

-246,361

-424,042

-423,470

-130,604

-242,156

-15,457

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from unsecured and secured debt

1,215,647

650,000

766,660

1,318,000

2,234,687

448,972

444,927

326,738

365,500

116,385

3,924

Payments of unsecured and secured debt

1,010,569

449,711

822,526

888,607

913,694

417,508

202,122

143,761

384,958

157,786

0

Payments of in-substance defeased debt

3,193

0

-

-

-

-

-

-

-

-

-

Proceeds from joint venture partner debt

0

66,136

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock/units, net

0

0

647,382

1,449,581

380,620

195,869

202,542

190,798

111,008

232,720

0

Repurchase of common stock/units

0

50,000

-

0

-

-

2,756

1,385

0

0

-

Payments for redemption of common units in the operating partnership

-

-

-

-

-

0

0

-

-

-

-

Redemption of operating partnership units

525

0

310,855

1,446,039

0

0

-

-

-

-

-

Contributions by members

-

-

-

-

-

-

0

-

-

4,122

6,501

Redemption of Series A preferred units

0

362

0

0

145,000

298

2,000

0

0

-

-

Proceeds from private placement of common stock

-

-

-

-

-

-

-

-

45,688

20,000

0

Common stock issuance transaction costs

-

-

-

-

-

-

577

727

2,061

0

0

Proceeds from issuance of Series B cumulative redeemable preferred stock

-

-

-

-

-

-

-

57,500

0

87,500

0

Series B stock issuance transaction costs

-

-

-

-

-

-

-

1,870

600

11,241

0

Dividends paid to common stock and unitholders

157,825

157,003

158,544

117,819

75,875

34,966

29,607

23,199

16,704

4,773

0

Dividends paid to preferred unitholders

612

618

636

636

12,071

12,785

12,893

12,924

8,108

816

0

Contribution of redeemable non-controlling member in consolidated real estate entities

14,128

100,223

-

0

-

-

-

-

-

-

-

Distribution of redeemable non-controlling member in consolidated real estate entity

15

0

-

-

-

-

-

-

-

-

-

Contribution of non-controlling member in consolidated real estate entities

0

2,486

3,870

33,996

217,795

0

-

-

-

-

-

Distributions to non-controlling member in consolidated real estate entities

12,111

4,725

-

-

-

-

-

-

-

-

-

Distributions to non-controlling member in consolidated real estate entities

-

-

-

-

-

2,842

1,160

0

432

1,703

1,000

Distribution to non-controlling member in consolidated real estate entities

-

-

-74,836

-1,303

-2,013

-

-

-

-41,131

-828

0

Payments to satisfy tax withholding

7,684

4,769

16,041

8,427

5,128

3,129

-

-

-

-

-

Payment of loan costs, net loan premium paid

18,776

7,039

1,307

3,992

20,680

2,723

2,407

5,322

4,850

3,862

625

Net cash provided by financing activities

18,465

144,618

33,167

334,754

1,658,641

170,590

393,947

385,848

63,352

279,718

8,800

Net increase (decrease) in cash and cash equivalents and restricted cash

-9,933

-33,089

-6,912

36,631

36,725

-12,603

11,452

5,199

-35,170

45,181

-2,119

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest, net of capitalized interest

-

-

77,234

-

50,208

32,107

28,894

18,586

16,644

7,870

9,745

NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accounts payable and accrued liabilities for investment in property

-

-

19,587

-

27,972

4,720

-2,554

-751

1,701

3,477

5,692

Reclassification of investment in unconsolidated entities for real estate investments

-

-

7,835

-

0

-

-

-

-

-

-

Relief of debt in conjunction with sale of real estate

-

-

216,000

-

0

-

-

-

-

-

-

Proceeds from sale of real estate

-

-

216,000

-

0

-

-

-

-

-

-

Issuance of common stock in connection with property acquisition

-

-

0

-

87

0

0

-

-

-

-

Additional paid-in capital in connection with property acquisition

-

-

0

-

285,358

0

0

-

-

-

-

Assumption of secured debt in connection with property acquisitions

-

-

-

-

-

-

102,299

0

75,947

-

-

Non-controlling common units in the operating partnership in connection with property acquisition

-

-

0

-

1,814,936

0

0

1,481

0

-

-

Accounts payable and accrued liabilities for distributions to members

-

-

-

-

-

-

45,704

-

359

0

-

Contribution of non-controlling member in consolidated real estate entity

-

-

-

-

-

-

-

-

-

0

-

Hudson Pacific Partners L.P.
Net income (loss)

55,846

111,781

-

-

-

-

-

-

-

-

-

Depreciation and amortization

282,088

251,003

-

-

-

-

-

-

-

-

-

Non-cash portion of interest expense

-

-

6,032

-

-

-

-

-

-

-

-

Amortization of stock-based/unit-based compensation

19,481

17,028

-

-

-

-

-

-

-

-

-

Loss from unconsolidated real estate entity

-747

0

-

-

-

-

-

-

-

-

-

Straight-line rents

52,959

36,202

-

-

-

-

-

-

-

-

-

Straight-line rent expenses

1,463

711

-

-

-

-

-

-

-

-

-

Amortization of above- and below-market leases, net

-12,836

-17,593

-

-

-

-

-

-

-

-

-

Amortization of above- and below-market ground leases, net

2,460

2,422

-

-

-

-

-

-

-

-

-

Amortization of lease incentive costs

1,771

1,464

-

-

-

-

-

-

-

-

-

Accounts receivable

-699

10,854

-

-

-

-

-

-

-

-

-

Deferred leasing costs and lease intangibles

46,645

55,286

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

11,165

2,978

-

-

-

-

-

-

-

-

-

Accounts payable, accrued liabilities and other

18,202

-13,184

-

-

-

-

-

-

-

-

-

Security deposits and prepaid rent

17,500

3,317

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

288,011

214,626

-

-

-

-

-

-

-

-

-

Maturities of U.S. Government securities

6,226

2,229

-

-

-

-

-

-

-

-

-

Distributions from unconsolidated entities

290

14,036

-

-

-

-

-

-

-

-

-

Contributions to unconsolidated entities

64,498

0

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-316,409

-392,333

-

-

-

-

-

-

-

-

-

Proceeds from unsecured and secured debt

1,215,647

650,000

-

-

-

-

-

-

-

-

-

Payments of unsecured and secured debt

1,010,569

449,711

-

-

-

-

-

-

-

-

-

Repurchase of common stock/units

0

50,000

-

-

-

-

-

-

-

-

-

Redemption of operating partnership units

525

0

-

-

-

-

-

-

-

-

-

Dividends paid to common stock and unitholders

157,825

157,003

-

-

-

-

-

-

-

-

-

Dividends paid to preferred unitholders

612

618

-

-

-

-

-

-

-

-

-

Contribution of redeemable non-controlling member in consolidated real estate entities

14,128

100,223

-

-

-

-

-

-

-

-

-

Payments to satisfy tax withholding

7,684

4,769

-

-

-

-

-

-

-

-

-

Payment of loan costs, net loan premium paid

18,776

7,039

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

18,465

144,618

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents and restricted cash

-9,933

-33,089

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities for investment in property

-

-

19,587

-

-

-

-

-

-

-

-

Reclassification of investment in unconsolidated entities for real estate investments

-

-

7,835

-

-

-

-

-

-

-

-

Hudson Pacific Partners, L.P.
Net income (loss)

-

-

94,561

43,758

-

-

-

-

-

-

-

Depreciation and amortization

282,088

251,003

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

283,570

269,087

-

-

-

-

-

-

-

Amortization of deferred financing costs and loan discount, net

6,258

5,965

-

-

-

-

-

-

-

-

-

Non-cash portion of interest expense

-

-

-

4,464

-

-

-

-

-

-

-

Amortization of stock/unit-based compensation

-

-

15,079

14,144

-

-

-

-

-

-

-

Straight-line rents

-

-

29,638

29,079

-

-

-

-

-

-

-

Straight-line rent expenses

-

-

433

1,023

-

-

-

-

-

-

-

Amortization of above- and below-market leases, net

-

-

-18,062

-19,734

-

-

-

-

-

-

-

Amortization of above- and below-market ground lease, net

-

-

2,505

2,160

-

-

-

-

-

-

-

Amortization of lease incentive costs

-

-

-

1,388

-

-

-

-

-

-

-

Other non-cash adjustments

0

-369

-

-

-

-

-

-

-

-

-

Other non-cash adjustments

-

-

-883

-707

-

-

-

-

-

-

-

Amortization of lease incentive costs

-

-

1,546

-

-

-

-

-

-

-

-

Impairment loss

52,201

0

-

-

-

-

-

-

-

-

-

Gains on sale of real estate

47,100

43,337

-

-

-

-

-

-

-

-

-

Gains on sale of real estate

-

-

45,574

30,389

-

-

-

-

-

-

-

Accounts receivable

-

-

-1,929

-15,088

-

-

-

-

-

-

-

Deferred leasing costs and lease intangibles

-

-

32,244

43,476

-

-

-

-

-

-

-

Prepaid expenses and other assets

-

-

-233

7,312

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

19,447

-4,426

-

-

-

-

-

-

-

Security deposits and prepaid rent

-

-

-7,741

9,371

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

292,959

226,774

-

-

-

-

-

-

-

Additions to investment property

385,751

351,277

-

-

-

-

-

-

-

-

-

Property acquisitions

0

362,687

-

-

-

-

-

-

-

-

-

Additions to investment property

-

-

302,447

258,718

-

-

-

-

-

-

-

Property acquisitions

-

-

257,734

630,145

-

-

-

-

-

-

-

Purchase of U.S. Government securities

0

149,176

-

-

-

-

-

-

-

-

-

Purchase of U.S. Government securities

-

-

-

0

-

-

-

-

-

-

-

Maturities of U.S. Government securities

-

-

-

0

-

-

-

-

-

-

-

Proceeds from sales of real estate

147,824

454,542

-

-

-

-

-

-

-

-

-

Proceeds from sale of real estate

-

-

-

372,302

-

-

-

-

-

-

-

Distributions from unconsolidated entities

-

-

15,964

0

-

-

-

-

-

-

-

Contributions to unconsolildated entity

-

-

1,071

37,228

-

-

-

-

-

-

-

Deposits for property acquisitions

20,500

0

-

-

-

-

-

-

-

-

-

Proceeds from repayment of notes receivable

-

-

0

28,892

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-333,038

-524,897

-

-

-

-

-

-

-

Proceeds from sales of real estate

-

-

212,250

-

-

-

-

-

-

-

-

Proceeds from unsecured and secured debt

-

-

766,660

1,318,000

-

-

-

-

-

-

-

Payments of unsecured and secured debt

-

-

822,526

888,607

-

-

-

-

-

-

-

Payments of in-substance defeased debt

3,193

0

-

-

-

-

-

-

-

-

-

Proceeds from joint venture partner debt

0

66,136

-

-

-

-

-

-

-

-

-

Proceeds from joint venture partner debt

-

-

-

0

-

-

-

-

-

-

-

Proceeds from issuance of common stock/units, net

0

0

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock, net

-

-

647,382

1,449,581

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

0

-

-

-

-

-

-

-

Repurchase of common units in the operating partnership

-

-

310,855

1,446,039

-

-

-

-

-

-

-

Redemption of Series A preferred units

0

362

-

-

-

-

-

-

-

-

-

Redemption of Series A preferred units

-

-

0

0

-

-

-

-

-

-

-

Dividends paid to common stock and unit-holders

-

-

158,544

117,819

-

-

-

-

-

-

-

Dividends paid to preferred unit-holders

-

-

636

636

-

-

-

-

-

-

-

Contribution of redeemable non-controlling member in consolidated real estate entities

-

-

-

0

-

-

-

-

-

-

-

Distribution of redeemable non-controlling member in consolidated real estate entity

15

0

-

-

-

-

-

-

-

-

-

Contribution of non-controlling member in consolidated real estate entities

0

2,486

-

-

-

-

-

-

-

-

-

Contribution of non-controlling member in consolidated real estate entities

-

-

3,870

33,996

-

-

-

-

-

-

-

Distributions to non-controlling member in consolidated real estate entities

12,111

4,725

-

-

-

-

-

-

-

-

-

Distributions to non-controlling member in consolidated real estate entities

-

-

-74,836

-1,303

-

-

-

-

-

-

-

Payments to satisfy tax withholding

-

-

16,041

8,427

-

-

-

-

-

-

-

Payments of loan costs

-

-

1,307

3,992

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

33,167

334,754

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents and restricted cash

-

-

-6,912

36,631

-

-

-

-

-

-

-

Cash paid for interest, net of capitalized interest

-

-

77,234

-

-

-

-

-

-

-

-

Relief of debt in conjunction with sale of real estate

-

-

216,000

-

-

-

-

-

-

-

-

Proceeds from sale of real estate

-

-

216,000

-

-

-

-

-

-

-

-

Issuance of common stock in connection with property acquisition

-

-

0

-

-

-

-

-

-

-

-