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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 94,561 $ 43,758 $ (16,082)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 283,570 269,087 245,071
Non-cash portion of interest expense 6,032 4,464 4,746
Amortization of stock-based compensation 15,079 14,144 8,421
Straight-line rents (29,638) (29,079) (29,392)
Straight-line rent expenses 433 1,023 408
Amortization of above- and below-market leases, net (18,062) (19,734) (22,073)
Amortization of above- and below-market ground lease, net 2,505 2,160 1,642
Amortization of lease incentive costs 1,546 1,388 581
Other non-cash adjustments [1] 883 707 (246)
Gains on sale of real estate (45,574) (30,389) (30,471)
Change in operating assets and liabilities:      
Accounts receivable 1,929 15,088 (5,734)
Deferred leasing costs and lease intangibles (32,244) (43,476) (28,980)
Prepaid expenses and other assets 233 (7,312) (17,032)
Accounts payable and accrued liabilities 19,447 (4,426) 18,342
Security deposits and prepaid rent (7,741) 9,371 46,582
Net cash provided by operating activities 292,959 226,774 175,783
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to investment property (302,447) (258,718) (170,590)
Property acquisitions (257,734) (630,145) (1,804,597)
Contributions to unconsolidated entities (1,071) (37,228) 0
Distributions from unconsolidated entities 15,964 0 0
Proceeds from repayment of notes receivable 0 28,892 0
Proceeds from sales of real estate 212,250 372,302 177,488
Net cash used in investing activities (333,038) (524,897) (1,797,699)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from notes payable 766,660 1,318,000 2,234,687
Payments of notes payable (822,526) (888,607) (913,694)
Proceeds from issuance of common stock, net 647,382 1,449,581 380,620
Redemption of preferred stock/units (310,855) (1,446,039) 0
Redemption of Series B preferred stock 0 0 (145,000)
Distributions paid to common stock and unitholders (158,544) (117,819) (75,875)
Distributions paid to preferred stock and unitholders (636) (636) (12,071)
Contributions from non-controlling member in consolidated entities 3,870 33,996 217,795
Distributions to non-controlling member in consolidated entities (74,836) (1,303) (2,013)
Payments to satisfy tax withholding (16,041) (8,427) (5,128)
Payments of loan costs (1,307) (3,992) (20,680)
Net cash provided by financing activities 33,167 334,754 1,658,641
Net (decrease) increase in cash and cash equivalents and restricted cash (6,912) 36,631 36,725
Cash and cash equivalents and restricted cash—beginning of period 108,192 71,561 34,836
Cash and cash equivalents and restricted cash—end of period 101,280 108,192 71,561
Supplemental disclosure of cash flow information      
Cash paid for interest, net of capitalized interest 77,234 82,491 50,208
NON-CASH INVESTING AND FINANCING ACTIVITIES      
Accounts payable and accrued liabilities for real estate investments (19,587) (37,364) (27,972)
Reclassification of investment in unconsolidated entities for real estate investments 7,835 0 0
Relief of debt in conjunction with sale of real estate (216,000) 0 0
Proceeds from sale of real estate 216,000 0 0
Issuance of common stock in connection with property acquisition 0 0 87
Additional paid-in capital in connection with property acquisition 0 0 285,358
Non-controlling common units in the operating partnership in connection with property acquisition 0 0 1,814,936
Hudson Pacific Partners, L.P.      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) 94,561 43,758 (16,082)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 283,570 269,087 245,071
Non-cash portion of interest expense 6,032 4,464 4,746
Amortization of stock-based compensation 15,079 14,144 8,421
Straight-line rents (29,638) (29,079) (29,392)
Straight-line rent expenses 433 1,023 408
Amortization of above- and below-market leases, net (18,062) (19,734) (22,073)
Amortization of above- and below-market ground lease, net 2,505 2,160 1,642
Amortization of lease incentive costs 1,546 1,388 581
Other non-cash adjustments [1] 883 707 (246)
Gains on sale of real estate (45,574) (30,389) (30,471)
Change in operating assets and liabilities:      
Accounts receivable 1,929 15,088 (5,734)
Deferred leasing costs and lease intangibles (32,244) (43,476) (28,980)
Prepaid expenses and other assets 233 (7,312) (17,032)
Accounts payable and accrued liabilities 19,447 (4,426) 18,342
Security deposits and prepaid rent (7,741) 9,371 46,582
Net cash provided by operating activities 292,959 226,774 175,783
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to investment property (302,447) (258,718) (170,590)
Property acquisitions (257,734) (630,145) (1,804,597)
Contributions to unconsolidated entities (1,071) (37,228) 0
Distributions from unconsolidated entities 15,964 0 0
Proceeds from repayment of notes receivable 0 28,892 0
Proceeds from sales of real estate 212,250 372,302 177,488
Net cash used in investing activities (333,038) (524,897) (1,797,699)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from notes payable 766,660 1,318,000 2,234,687
Payments of notes payable (822,526) (888,607) (913,694)
Proceeds from issuance of common stock, net 647,382 1,449,581 380,620
Redemption of preferred stock/units (310,855) (1,446,039) 0
Redemption of Series B preferred stock 0 0 (145,000)
Distributions paid to common stock and unitholders (158,544) (117,819) (75,875)
Distributions paid to preferred stock and unitholders (636) (636) (12,071)
Contributions from non-controlling member in consolidated entities 3,870 33,996 217,795
Distributions to non-controlling member in consolidated entities (74,836) (1,303) (2,013)
Payments to satisfy tax withholding (16,041) (8,427) (5,128)
Payments of loan costs (1,307) (3,992) (20,680)
Net cash provided by financing activities 33,167 334,754 1,658,641
Net (decrease) increase in cash and cash equivalents and restricted cash (6,912) 36,631 36,725
Cash and cash equivalents and restricted cash—beginning of period 108,192 71,561 34,836
Cash and cash equivalents and restricted cash—end of period 101,280 108,192 71,561
Supplemental disclosure of cash flow information      
Cash paid for interest, net of capitalized interest 77,234 82,491 50,208
NON-CASH INVESTING AND FINANCING ACTIVITIES      
Accounts payable and accrued liabilities for real estate investments (19,587) (37,364) (27,972)
Reclassification of investment in unconsolidated entities for real estate investments 7,835 0 0
Relief of debt in conjunction with sale of real estate (216,000) 0 0
Proceeds from sale of real estate 216,000 0 0
Issuance of common stock in connection with property acquisition $ 0 $ 0 $ 2,100,381
[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.