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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
REAL ESTATE ASSETS    
Land $ 1,274,600 $ 1,274,600
Building and improvements 4,008,819 3,956,638
Tenant improvements 297,255 293,130
Furniture and fixtures 4,397 9,586
Property under development 203,387 218,438
Total real estate held for investment 5,788,458 5,752,392
Accumulated depreciation and amortization (302,835) (269,074)
Investment in real estate, net 5,485,623 5,483,318
Cash and cash equivalents 57,367 53,551
Restricted cash 20,011 18,010
Accounts receivable, net 16,600 21,159
Notes receivable, net 28,788 28,684
Straight-line rent receivables, net 65,294 59,636
Deferred leasing costs and lease intangible assets, net 311,846 318,031
Derivative assets 0 2,061
Goodwill 8,754 8,754
Prepaid expenses and other assets, net 27,401 27,292
Assets associated with real estate held for sale 17,435 233,539
TOTAL ASSETS 6,039,119 6,254,035
LIABILITIES    
Notes payable, net 2,080,005 2,260,716
Accounts payable and accrued liabilities 97,964 84,304
Lease intangible liabilities, net 86,614 95,208
Security deposits 22,364 21,302
Prepaid rent 32,972 38,245
Derivative liabilities 17,664 2,010
Liabilities associated with real estate held for sale 262 13,036
TOTAL LIABILITIES 2,337,845 2,514,821
6.25% series A cumulative redeemable preferred units of the operating partnership 10,177 10,177
Hudson Pacific Properties, Inc. stockholders’ equity:    
Common stock, $0.01 par value, 490,000,000 authorized, 89,242,183 shares and 89,153,780 shares outstanding at March 31, 2016 and December 31, 2015, respectively 892 891
Additional paid-in capital 1,693,930 1,710,979
Accumulated other comprehensive loss (10,568) (1,081)
Accumulated deficit (42,505) (44,955)
Total Hudson Pacific Properties, Inc. stockholders’ equity 1,641,749 1,665,834
Partners’ capital:    
TOTAL EQUITY 3,691,097 3,729,037
TOTAL LIABILITIES AND EQUITY 6,039,119 6,254,035
Hudson Pacific Partners L.P.    
REAL ESTATE ASSETS    
Land 1,274,600 1,274,600
Building and improvements 4,008,819 3,956,638
Tenant improvements 297,255 293,130
Furniture and fixtures 4,397 9,586
Property under development 203,387 218,438
Total real estate held for investment 5,788,458 5,752,392
Accumulated depreciation and amortization (302,835) (269,074)
Investment in real estate, net 5,485,623 5,483,318
Cash and cash equivalents 57,367 53,551
Restricted cash 20,011 18,010
Accounts receivable, net 16,600 21,159
Notes receivable, net 28,788 28,684
Straight-line rent receivables, net 65,294 59,636
Deferred leasing costs and lease intangible assets, net 311,846 318,030
Derivative assets 0 2,061
Goodwill 8,754 8,754
Prepaid expenses and other assets, net 27,401 27,292
Assets associated with real estate held for sale 17,435 233,539
TOTAL ASSETS 6,039,119 6,254,034
LIABILITIES    
Notes payable, net 2,080,005 2,260,716
Accounts payable and accrued liabilities 97,964 84,304
Lease intangible liabilities, net 86,614 95,208
Security deposits 22,364 21,302
Prepaid rent 32,972 38,245
Derivative liabilities 17,664 2,010
Liabilities associated with real estate held for sale 262 13,036
TOTAL LIABILITIES 2,337,845 2,514,821
6.25% series A cumulative redeemable preferred units of the operating partnership 10,177 10,177
Partners’ capital:    
Common units, 145,538,498 and 145,450,095 issued and outstanding at March 31, 2016 and December 31, 2015, respectively. 3,426,750 3,466,412
Non-controlling interest—members in Consolidated Entities 264,347 262,625
TOTAL CAPITAL 3,691,097 3,729,037
TOTAL EQUITY 3,691,097 3,729,037
TOTAL LIABILITIES AND EQUITY 6,039,119 6,254,035
Non-controlling interest—members in consolidated entities    
Partners’ capital:    
Non-controlling interest—members in Consolidated Entities and Non-controlling units in the Operating Partnership 264,347 262,625
Non-controlling common units in the operating partnership    
Partners’ capital:    
Non-controlling interest—members in Consolidated Entities and Non-controlling units in the Operating Partnership 1,785,001 1,800,578
TOTAL EQUITY $ 1,785,001 $ 1,800,578