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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 111,781 $ 94,561 $ 43,758
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 251,003 283,570 269,087
Non-cash portion of interest expense 5,965 6,032 4,464
Amortization of stock/unit-based compensation 17,028 15,079 14,144
Straight-line rents (36,202) (29,638) (29,079)
Straight-line rent expenses 711 433 1,023
Amortization of above- and below-market leases, net (17,593) (18,062) (19,734)
Amortization of above- and below-market ground lease, net 2,422 2,505 2,160
Amortization of lease incentive costs 1,464 1,546 1,388
Other non-cash adjustments 369 883 707
Gains on sale of real estate (43,337) (45,574) (30,389)
Change in operating assets and liabilities:      
Accounts receivable (10,854) 1,929 15,088
Deferred leasing costs and lease intangibles (55,286) (32,244) (43,476)
Prepaid expenses and other assets (2,978) 233 (7,312)
Accounts payable and accrued liabilities (13,184) 19,447 (4,426)
Security deposits and prepaid rent 3,317 (7,741) 9,371
Net cash provided by operating activities 214,626 292,959 226,774
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to investment property (351,277) (302,447) (258,718)
Property acquisitions (362,687) (257,734) (630,145)
Purchase of U.S. Government securities (149,176) 0 0
Maturities of U.S. Government securities 2,229 0 0
Proceeds from sale of real estate 454,542 212,250 372,302
Distributions from unconsolidated entities 14,036 15,964 0
Contributions to unconsolildated entity 0 (1,071) (37,228)
Proceeds from repayment of notes receivable 0 0 28,892
Net cash used in investing activities (392,333) (333,038) (524,897)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from unsecured and secured debt 650,000 766,660 1,318,000
Payments of unsecured and secured debt (449,711) (822,526) (888,607)
Proceeds from joint venture partner debt 66,136 0  
Proceeds from issuance of common stock, net 0 647,382 1,449,581
Repurchase of common units in the operating partnership 0 (310,855) (1,446,039)
Redemption of Series A preferred units (362) 0 0
Dividends paid to common stock and unit-holders (157,003) (158,544) (117,819)
Dividends paid to preferred unit-holders (618) (636) (636)
Contribution of redeemable non-controlling member in consolidated real estate entities 100,223 0 0
Contribution of non-controlling member in consolidated real estate entities 2,486 3,870 33,996
Distributions to non-controlling member in consolidated real estate entities (4,725) (74,836) (1,303)
Payments to satisfy tax withholding (4,769) (16,041) (8,427)
Repurchase of common stock (50,000) 0 0
Payments of loan costs (7,039) (1,307) (3,992)
Net cash provided by financing activities 144,618 33,167 334,754
Net (decrease) increase in cash and cash equivalents and restricted cash (33,089) (6,912) 36,631
Cash and cash equivalents and restricted cash—beginning of period 101,280 108,192 71,561
Cash and cash equivalents and restricted cash—end of period 68,191 101,280 108,192
Hudson Pacific Partners, L.P.      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) 111,781 94,561 43,758
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 251,003 283,570 269,087
Non-cash portion of interest expense 5,965 6,032 4,464
Amortization of stock/unit-based compensation 17,028 15,079 14,144
Straight-line rents (36,202) (29,638) (29,079)
Straight-line rent expenses 711 433 1,023
Amortization of above- and below-market leases, net (17,593) (18,062) (19,734)
Amortization of above- and below-market ground lease, net 2,422 2,505 2,160
Amortization of lease incentive costs 1,464 1,546 1,388
Other non-cash adjustments 369 883 707
Gains on sale of real estate (43,337) (45,574) (30,389)
Change in operating assets and liabilities:      
Accounts receivable (10,854) 1,929 15,088
Deferred leasing costs and lease intangibles (55,286) (32,244) (43,476)
Prepaid expenses and other assets (2,978) 233 (7,312)
Accounts payable and accrued liabilities (13,184) 19,447 (4,426)
Security deposits and prepaid rent 3,317 (7,741) 9,371
Net cash provided by operating activities 214,626 292,959 226,774
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to investment property (351,277) (302,447) (258,718)
Property acquisitions (362,687) (257,734) (630,145)
Purchase of U.S. Government securities (149,176) 0 0
Maturities of U.S. Government securities 2,229 0 0
Proceeds from sale of real estate 454,542 212,250 372,302
Distributions from unconsolidated entities 14,036 15,964 0
Contributions to unconsolildated entity 0 (1,071) (37,228)
Proceeds from repayment of notes receivable 0 0 28,892
Net cash used in investing activities (392,333) (333,038) (524,897)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from unsecured and secured debt 650,000 766,660 1,318,000
Payments of unsecured and secured debt (449,711) (822,526) (888,607)
Proceeds from joint venture partner debt 66,136 0 0
Proceeds from issuance of common stock, net 0 647,382 1,449,581
Repurchase of common units in the operating partnership 0 (310,855) (1,446,039)
Redemption of Series A preferred units (362) 0 0
Dividends paid to common stock and unit-holders (157,003) (158,544) (117,819)
Dividends paid to preferred unit-holders (618) (636) (636)
Contribution of redeemable non-controlling member in consolidated real estate entities 100,223 0 0
Contribution of non-controlling member in consolidated real estate entities 2,486 3,870 33,996
Distributions to non-controlling member in consolidated real estate entities (4,725) (74,836) (1,303)
Payments to satisfy tax withholding (4,769) (16,041) (8,427)
Repurchase of common stock (50,000) 0 0
Payments of loan costs (7,039) (1,307) (3,992)
Net cash provided by financing activities 144,618 33,167 334,754
Net (decrease) increase in cash and cash equivalents and restricted cash (33,089) (6,912) 36,631
Cash and cash equivalents and restricted cash—beginning of period 101,280 108,192 71,561
Cash and cash equivalents and restricted cash—end of period $ 68,191 $ 101,280 $ 108,192