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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 43,758 $ (16,082) $ 23,522
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 269,087 245,071 72,216
Amortization of deferred financing costs and loan premium, net 4,464 4,746 949
Amortization of stock-based compensation 14,144 8,421 7,559
Straight-line rents (29,079) (29,392) (13,362)
Straight-line rent expenses 1,023 408 0
Amortization of above- and below-market leases, net (19,734) (22,073) (5,635)
Amortization of above- and below-market ground lease, net 2,160 1,642 248
Amortization of lease incentive costs 1,388 581 425
Bad debt (recovery) expense (521) 170 (97)
Amortization of discount and net origination fees on purchased and originated loans (208) (416) (156)
Unrealized loss on ineffective portion of derivative instruments 1,436 0 0
Gains from sales (30,389) (30,471) (5,538)
Change in operating assets and liabilities:      
Restricted cash (7,167) (927) (333)
Accounts receivable 15,088 (5,734) (7,375)
Deferred leasing costs and lease intangibles (43,476) (28,980) (12,266)
Prepaid expenses and other assets (7,312) (17,032) (1,602)
Accounts payable and accrued liabilities (4,426) 18,342 3,114
Security deposits 10,054 15,351 485
Prepaid rent (683) 31,231 1,014
Net cash provided by operating activities 219,607 174,856 63,168
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to investment property (258,718) (170,590) (123,298)
Property acquisitions (630,145) (1,804,597) (113,580)
Contributions to unconsolidated entities (37,228) 0 0
Proceeds from repayment of notes receivable 28,892 0 0
Acquisition of notes receivable 0 0 (28,112)
Proceeds from sales of real estate investments 372,302 177,488 18,629
Net cash used in investing activities (524,897) (1,797,699) (246,361)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from notes payable 1,318,000 2,234,687 448,972
Payments of notes payable (888,607) (913,694) (417,508)
Proceeds from issuance of common stock, net 1,449,581 380,620 195,869
Payments for redemption of common units in the operating partnership (1,446,039) 0 0
Redemption of Series B preferred units 0 (145,000) 0
Dividends paid to common stock and unitholders (117,819) (75,875) (34,966)
Dividends paid to preferred stock and unitholders (636) (12,071) (12,785)
Redemption of 6.25% Series A cumulative redeemable preferred units 0 0 (298)
Contributions from non-controlling member in consolidated real estate entities 33,996 217,795 0
Distributions to non-controlling member in consolidated real estate entities (1,303) (2,013) (2,842)
Payments to satisfy tax withholding (8,427) (5,128) (3,129)
Payments of loan costs (3,992) (20,680) (2,723)
Net cash provided by financing activities 334,754 1,658,641 170,590
Net increase (decrease) in cash and cash equivalents 29,464 35,798 (12,603)
Cash and cash equivalents — beginning of period 53,551 17,753  
Cash and cash equivalents — end of period 83,015 53,551 17,753
Supplemental disclosure of cash flow information      
Cash paid for interest, net of amounts capitalized 82,491 50,208 32,107
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Accounts payable and accrued liabilities for investment in property (37,364) (27,972) (4,720)
Issuance of common stock in connection with property acquisition 0 87 0
Additional paid-in capital in connection with property acquisition 0 285,358 0
Assumption of other assets and liabilities in connection with operating and development property acquisitions, net 0 0 (449)
Non-controlling common units in the Operating Partnership in connection with property acquisition (note 3) 0 1,814,936 0
Hudson Pacific Partners, L.P.      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) 43,758 (16,082) 23,522
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 269,087 245,071 72,216
Amortization of deferred financing costs and loan premium, net 4,464 4,746 949
Amortization of stock-based compensation 14,144 8,421 7,559
Straight-line rents (29,079) (29,392) (13,362)
Straight-line rent expenses 1,023 408 0
Amortization of above- and below-market leases, net (19,734) (22,073) (5,635)
Amortization of above- and below-market ground lease, net 2,160 1,642 248
Amortization of lease incentive costs 1,388 581 425
Bad debt (recovery) expense (521) 170 (97)
Amortization of discount and net origination fees on purchased and originated loans (208) (416) (156)
Unrealized loss on ineffective portion of derivative instruments 1,436 0 0
Gains from sales (30,389) (30,471) (5,538)
Change in operating assets and liabilities:      
Restricted cash (7,167) (927) (333)
Accounts receivable 15,088 (5,734) (7,375)
Deferred leasing costs and lease intangibles (43,476) (28,980) (12,266)
Prepaid expenses and other assets (7,312) (17,032) (1,602)
Accounts payable and accrued liabilities (4,426) 18,342 3,114
Security deposits 10,054 15,351 485
Prepaid rent (683) 31,231 1,014
Net cash provided by operating activities 219,607 174,856 63,168
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to investment property (258,718) (170,590) (123,298)
Property acquisitions (630,145) (1,804,597) (113,580)
Contributions to unconsolidated entities (37,228) 0 0
Proceeds from repayment of notes receivable 28,892 0 0
Acquisition of notes receivable 0 0 (28,112)
Proceeds from sales of real estate investments 372,302 177,488 18,629
Net cash used in investing activities (524,897) (1,797,699) (246,361)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from notes payable 1,318,000 2,234,687 448,972
Payments of notes payable (888,607) (913,694) (417,508)
Proceeds from issuance of common stock, net 1,449,581 380,620 195,869
Payments for redemption of common units in the operating partnership (1,446,039) 0 0
Redemption of Series B preferred units 0 (145,000) 0
Dividends paid to common stock and unitholders (117,819) (75,875) (34,966)
Dividends paid to preferred stock and unitholders (636) (12,071) (12,785)
Redemption of 6.25% Series A cumulative redeemable preferred units 0 0 (298)
Contributions from non-controlling member in consolidated real estate entities 33,996 217,795 0
Distributions to non-controlling member in consolidated real estate entities (1,303) (2,013) (2,842)
Payments to satisfy tax withholding (8,427) (5,128) (3,129)
Payments of loan costs (3,992) (20,680) (2,723)
Net cash provided by financing activities 334,754 1,658,641 170,590
Net increase (decrease) in cash and cash equivalents 29,464 35,798 (12,603)
Cash and cash equivalents — beginning of period 53,551 17,753 30,356
Cash and cash equivalents — end of period 83,015 53,551 17,753
Supplemental disclosure of cash flow information      
Cash paid for interest, net of amounts capitalized 82,491 50,208 32,107
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Accounts payable and accrued liabilities for investment in property 37,364 27,972 4,720
Issuance of common stock in connection with property acquisition 0 2,100,381 0
Non-controlling common units in the Operating Partnership in connection with property acquisition (note 3) $ 0 $ 0 $ (449)