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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (11,509) $ 11,222
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 90,750 34,612
Amortization of deferred financing costs and loan premium, net 1,915 178
Amortization of stock-based compensation 4,152 3,255
Straight-line rent receivables (14,789) (7,294)
Amortization of above-market leases 4,262 1,110
Amortization of below-market leases (16,119) (3,950)
Amortization of lease incentive costs 282 133
Bad debt expense 391 121
Amortization of ground lease 577 124
Amortization of discount and net origination fees on purchased and originated loans (208) 0
Gain from sale of real estate (22,100) 0
Change in operating assets and liabilities:    
Restricted cash (236) (932)
Accounts receivable 3,610 26
Deferred leasing costs and lease intangibles (13,766) (4,541)
Prepaid expenses and other assets (13,859) (39)
Accounts payable and accrued liabilities 21,838 (2,550)
Security deposits 14,517 (138)
Prepaid rent 13,843 4,554
Net cash provided by operating activities 63,551 35,891
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to investment property (69,621) (51,506)
Property acquisitions (1,764,596) (75,580)
Proceeds from sale of real estate 87,680 0
Deposits for property acquisitions (1,500) 0
Net cash used in investing activities (1,748,037) (127,086)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable 1,368,155 92,787
Payments of notes payable (208,633) (170,439)
Proceeds from issuance of common stock 385,589 197,468
Common stock issuance transaction costs (4,754) (653)
Dividends paid to common stock and unit holders (28,511) (17,355)
Dividends paid to preferred stock and unit holders (6,390) (6,395)
Contributions by members 217,795 0
Redemption of 6.25% series A cumulative redeemable preferred units 0 (298)
Distribution to non-controlling member in consolidated real estate entity (1,424) (1,531)
Repurchase of vested restricted stock (1,834) 0
Payment of loan costs (12,933) 52
Net cash provided by financing activities 1,707,060 93,636
Net increase in cash and cash equivalents 22,574 2,441
Cash and cash equivalents—beginning of period 17,753 30,356
Cash and cash equivalents—end of period 40,327 32,797
SUPPLEMENTAL CASH FLOWS INFORMATION:    
Cash paid for interest, net of amounts capitalized 32,107 15,694
NON-CASH INVESTING ACTIVITIES:    
Accounts payable and accrued liabilities for investment in property (15,770) 5,129
Assumption of other (assets) and liabilities in connection with property acquisitions, net 0 (449)
Common Units    
NON-CASH INVESTING ACTIVITIES:    
Equity consideration paid 87 0
Additional Paid in Capital    
NON-CASH INVESTING ACTIVITIES:    
Equity consideration paid 285,358 0
Non-controlling common units in the Operating Partnership    
NON-CASH INVESTING ACTIVITIES:    
Equity consideration paid 1,814,936 0
Hudson Pacific Partners L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income (11,509) 11,222
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 90,750 34,612
Amortization of deferred financing costs and loan premium, net 1,915 178
Amortization of stock-based compensation 4,152 3,255
Straight-line rent receivables (14,789) (7,294)
Amortization of above-market leases 4,262 1,110
Amortization of below-market leases (16,119) (3,950)
Amortization of lease incentive costs 282 133
Bad debt expense 391 121
Amortization of ground lease 577 $ 124
Amortization of discount and net origination fees on purchased and originated loans (208)  
Gain from sale of real estate (22,100) $ 0
Change in operating assets and liabilities:    
Restricted cash (236) (932)
Accounts receivable 3,610 26
Deferred leasing costs and lease intangibles (13,766) (4,541)
Prepaid expenses and other assets (13,859) (39)
Accounts payable and accrued liabilities 21,838 (2,550)
Security deposits 14,517 (138)
Prepaid rent 13,843 4,554
Net cash provided by operating activities 63,551 35,891
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to investment property (69,621) (51,506)
Property acquisitions (1,764,596) (75,580)
Proceeds from sale of real estate 87,680 0
Deposits for property acquisitions (1,500) 0
Net cash used in investing activities (1,748,037) (127,086)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable 1,368,155 92,787
Payments of notes payable (208,633) (170,439)
Proceeds from issuance of common stock 385,589 197,468
Common stock issuance transaction costs (4,754) (653)
Dividends paid to common stock and unit holders (28,511) (17,355)
Dividends paid to preferred stock and unit holders (6,390) (6,395)
Contributions by members 217,795 0
Redemption of 6.25% series A cumulative redeemable preferred units 0 (298)
Distribution to non-controlling member in consolidated real estate entity (1,424) (1,531)
Repurchase of vested restricted stock (1,834) 0
Payment of loan costs (12,933) 52
Net cash provided by financing activities 1,707,060 93,636
Net increase in cash and cash equivalents 22,574 2,441
Cash and cash equivalents—beginning of period 17,753 30,356
Cash and cash equivalents—end of period 40,327 32,797
SUPPLEMENTAL CASH FLOWS INFORMATION:    
Cash paid for interest, net of amounts capitalized 32,107 15,694
NON-CASH INVESTING ACTIVITIES:    
Accounts payable and accrued liabilities for investment in property (15,770) 5,129
Common units in the Operating Partnership in connection with property acquisition 2,100,381 0
Assumption of other (assets) and liabilities in connection with property acquisitions, net $ 0 $ (449)