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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 5,976 $ 24,574
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 68,368 17,158
Amortization of deferred financing costs and loan premium, net 871 508
Amortization of stock-based compensation 3,342 2,149
Straight-line rents (5,658) (3,464)
Straight-line expenses 529 0
Amortization of above- and below-market leases, net (4,851) (1,444)
Amortization of above- and below-market ground lease, net 535 62
Amortization of lease incentive costs 328 138
Bad debt expense (recovery) 537 (44)
Amortization of discount and net origination fees on purchased and originated loans (104) (104)
Unrealized loss on ineffective portion of derivative instruments 2,125 0
Gain from sale of real estate (6,352) (22,691)
Change in operating assets and liabilities:    
Restricted cash (2,001) 177
Accounts receivable 4,412 2,960
Deferred leasing costs and lease intangibles (5,420) (1,900)
Prepaid expenses and other assets (935) (5,535)
Accounts payable and accrued liabilities 3,084 13,445
Security deposits 430 (404)
Prepaid rent (6,319) 1,540
Net cash provided by operating activities 58,897 27,125
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to investment property (54,415) (30,635)
Proceeds from sale of real estate 212,629 88,316
Deposits for property acquisitions 0 (261,648)
Net cash provided by (used for) investing activities 158,214 (203,967)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceed from notes payable 30,000 319
Payments of notes payable (210,906) (173,200)
Proceeds from issuance of common stock 0 385,572
Common stock issuance transaction costs 0 (5,050)
Dividends paid to common stock and unitholders (29,802) (10,287)
Dividends paid to preferred stock and unitholders (159) (3,195)
Contributions by members 103 219,150
Distribution to non-controlling member in consolidated real estate entities (326) (933)
Payment to satisfy minimum tax withholding (1,683) (1,750)
Payments of loan costs (522) (3,647)
Net cash (used for) provided by financing activities (213,295) 406,979
Net increase in cash and cash equivalents 3,816 230,137
Cash and cash equivalents—beginning of period 53,551 17,753
Cash and cash equivalents—end of period 57,367 247,890
SUPPLEMENTAL CASH FLOWS INFORMATION:    
Cash paid for interest, net of amounts capitalized 12,101 7,095
NON-CASH INVESTING ACTIVITIES:    
Accounts payable and accrued liabilities for investment in property 6,868 (7,850)
Hudson Pacific Partners L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 5,976 24,574
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 68,368 17,158
Amortization of deferred financing costs and loan premium, net 871 508
Amortization of stock-based compensation 3,342 2,149
Straight-line rents (5,658) (3,464)
Straight-line expenses 529 0
Amortization of above- and below-market leases, net (4,851) (1,444)
Amortization of above- and below-market ground lease, net 535 62
Amortization of lease incentive costs 328 138
Bad debt expense (recovery) 537 (44)
Amortization of discount and net origination fees on purchased and originated loans (104) (104)
Unrealized loss on ineffective portion of derivative instruments 2,125 0
Gain from sale of real estate (6,352) (22,691)
Change in operating assets and liabilities:    
Restricted cash (2,001) 177
Accounts receivable 4,412 2,960
Deferred leasing costs and lease intangibles (5,420) (1,900)
Prepaid expenses and other assets (935) (5,535)
Accounts payable and accrued liabilities 3,084 13,445
Security deposits 430 (404)
Prepaid rent (6,319) 1,540
Net cash provided by operating activities 58,897 27,125
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to investment property (54,415) (30,635)
Proceeds from sale of real estate 212,629 88,316
Deposits for property acquisitions 0 (261,648)
Net cash provided by (used for) investing activities 158,214 (203,967)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceed from notes payable 30,000 319
Payments of notes payable (210,906) (173,200)
Proceeds from issuance of common stock 0 385,572
Common stock issuance transaction costs 0 (5,050)
Dividends paid to common stock and unitholders (29,802) (10,287)
Dividends paid to preferred stock and unitholders (159) (3,195)
Contributions by members 103 219,150
Distribution to non-controlling member in consolidated real estate entities (326) (933)
Payment to satisfy minimum tax withholding (1,683) (1,750)
Payments of loan costs (522) (3,647)
Net cash (used for) provided by financing activities (213,295) 406,979
Net increase in cash and cash equivalents 3,816 230,137
Cash and cash equivalents—beginning of period 53,551 17,753
Cash and cash equivalents—end of period 57,367 247,890
SUPPLEMENTAL CASH FLOWS INFORMATION:    
Cash paid for interest, net of amounts capitalized 12,101 7,095
NON-CASH INVESTING ACTIVITIES:    
Accounts payable and accrued liabilities for investment in property $ 6,868 $ (7,850)