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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 45,617,000 $ 15,228,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 217,340,000 201,890,000
Amortization of deferred financing costs and loan premium, net 3,558,000 3,278,000
Amortization of stock-based compensation 11,237,000 9,931,000
Straight-line rents (15,174,000) (19,398,000)
Straight-line rent expenses 296,000 886,000
Amortization of above- and below-market leases, net (14,326,000) (13,804,000)
Amortization of above- and below-market ground lease, net 2,088,000 1,604,000
Amortization of lease incentive costs 1,140,000 1,017,000
Other non-cash adjustments [1] 598,000 682,000
Gains on sale of real estate (16,866,000) (8,515,000)
Change in operating assets and liabilities:    
Accounts receivable 1,649,000 12,521,000
Deferred leasing costs and lease intangibles (23,270,000) (34,610,000)
Prepaid expenses and other assets (3,000,000) (5,008,000)
Accounts payable and accrued liabilities 34,660,000 32,786,000
Security deposits and prepaid rent (5,943,000) 2,364,000
Net cash provided by operating activities 239,604,000 200,852,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to investment property (224,797,000) (183,286,000)
Property acquisitions (257,734,000) (307,919,000)
Proceeds from sales of real estate 81,707,000 283,855,000
Contributions to unconsolidated entities (1,071,000) (28,393,000)
Distributions from unconsolidated entities 17,416,000 0
Deposit for property acquisitions 0 (13,130,000)
Proceed from repayment of notes receivable 0 28,892,000
Net cash used in investing activities (384,479,000) (219,981,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable 270,000,000 957,000,000
Payments of notes payable (321,892,000) (808,006,000)
Proceeds from issuance of common stock, net 647,524,000 880,514,000
Payment for redemption of common units in the operating partnership (310,855,000) (876,213,000)
Distributions paid to common stockholders and unitholders (118,408,000) (88,469,000)
Distributions paid to preferred unitholders (477,000) (477,000)
Contributions from non-controlling member in consolidated entities 3,870,000 103,000
Distributions to non-controlling member in consolidated entities (15,369,000) (990,000)
Payments to satisfy tax withholding (4,203,000) (1,776,000)
Payments of loan costs 0 (2,661,000)
Net cash provided by financing activities 150,190,000 59,025,000
Net increase in cash and cash equivalents and restricted cash 5,315,000 39,896,000
Cash and cash equivalents and restricted cash—beginning of period 108,192,000 71,561,000
Cash and cash equivalents and restricted cash—end of period 113,507,000 111,457,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest including amounts capitalized 47,852,000 53,474,000
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accounts payable and accrued liabilities for investment in property (6,740,000) (10,227,000)
Reclassification of investment in unconsolidated entities for real estate investments 7,835,000 0
Hudson Pacific Partners L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 45,617,000 15,228,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 217,340,000 201,890,000
Amortization of deferred financing costs and loan premium, net 3,558,000 3,278,000
Amortization of stock-based compensation 11,237,000 9,931,000
Straight-line rents (15,174,000) (19,398,000)
Straight-line rent expenses 296,000 886,000
Amortization of above- and below-market leases, net (14,326,000) (13,804,000)
Amortization of above- and below-market ground lease, net 2,088,000 1,604,000
Amortization of lease incentive costs 1,140,000 1,017,000
Other non-cash adjustments [1] 598,000 682,000
Gains on sale of real estate (16,866,000) (8,515,000)
Change in operating assets and liabilities:    
Accounts receivable 1,649,000 12,521,000
Deferred leasing costs and lease intangibles (23,270,000) (34,610,000)
Prepaid expenses and other assets (3,000,000) (5,008,000)
Accounts payable and accrued liabilities 34,660,000 32,786,000
Security deposits and prepaid rent (5,943,000) 2,364,000
Net cash provided by operating activities 239,604,000 200,852,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to investment property (224,797,000) (183,286,000)
Property acquisitions (257,734,000) (307,919,000)
Proceeds from sales of real estate 81,707,000 283,855,000
Contributions to unconsolidated entities (1,071,000) (28,393,000)
Distributions from unconsolidated entities 17,416,000 0
Deposit for property acquisitions 0 (13,130,000)
Proceed from repayment of notes receivable 0 28,892,000
Net cash used in investing activities (384,479,000) (219,981,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable 270,000,000 957,000,000
Payments of notes payable (321,892,000) (808,006,000)
Proceeds from issuance of common stock, net 647,524,000 880,514,000
Payment for redemption of common units in the operating partnership (310,855,000) (876,213,000)
Distributions paid to common stockholders and unitholders (118,408,000) (88,469,000)
Distributions paid to preferred unitholders (477,000) (477,000)
Contributions from non-controlling member in consolidated entities 3,870,000 103,000
Distributions to non-controlling member in consolidated entities (15,369,000) (990,000)
Payments to satisfy tax withholding (4,203,000) (1,776,000)
Payments of loan costs 0 (2,661,000)
Net cash provided by financing activities 150,190,000 59,025,000
Net increase in cash and cash equivalents and restricted cash 5,315,000 39,896,000
Cash and cash equivalents and restricted cash—beginning of period 108,192,000 71,561,000
Cash and cash equivalents and restricted cash—end of period 113,507,000 111,457,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest including amounts capitalized 47,852,000 53,474,000
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accounts payable and accrued liabilities for investment in property (6,740,000) (10,227,000)
Reclassification of investment in unconsolidated entities for real estate investments $ 7,835,000 $ 0
[1] Represents bad debt expense/recovery, amortization of discount and net origination fees on purchased and originated loans and unrealized loss/gain on ineffective portion of derivative instruments.