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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ (36,895) $ 52,563
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 68,505 60,553
Non-cash portion of interest expense 1,591 1,658
Amortization of stock-based/unit-based compensation 5,150 4,338
Straight-line rents (16,635) (9,942)
Straight-line rent expenses 366 136
Amortization of above- and below-market leases, net (4,179) (3,811)
Amortization of above- and below-market ground lease, net 615 624
Amortization of lease incentive costs 326 303
Other non-cash adjustments 0 256
Impairment loss 52,201 0
Gains on sale of real estate 0 (37,674)
Change in operating assets and liabilities:    
Accounts receivable (4,263) (1,782)
Deferred leasing costs and lease intangibles (13,675) (6,614)
Prepaid expenses and other assets 2,771 3,313
Accounts payable and accrued liabilities and other 33,004 (33)
Security deposits and prepaid rent 564 559
Net cash provided by operating activities 89,446 64,447
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to investment property (94,615) (103,512)
Maturities of U.S. government securities 1,932 0
Proceeds from sale of real estate 0 237,004
Proceeds from repayment of notes receivable (35,584) 0
Net cash used in investing activities (128,267) 133,492
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from unsecured and secured debt 430,001 130,000
Payments of unsecured and secured debt (335,145) (308,529)
Proceeds from joint venture partner debt (806) 0
Proceeds from issuance of common stock/units, net 0 (173)
Repurchase of common units in the operating partnership (525) 0
Dividends paid to common stock and unitholders (40,427) (39,351)
Dividends paid to preferred unit-holders (153) (159)
Contribution of redeemable non-controlling member in consolidated real estate entities 2,075 0
Contribution of non-controlling member in consolidated real estate entities 0 2,691
Distribution to non-controlling member in consolidated real estate entities (4,028) (1,060)
Payments to satisfy tax withholding (3,668) (693)
Payments of loan costs (10,623) (6,965)
Net cash (used in) provided by financing activities 36,701 (224,239)
Net (decrease) increase in cash and cash equivalents and restricted cash (2,120) (26,300)
Cash and cash equivalents and restricted cash—beginning of period 68,191 101,280
Cash and cash equivalents and restricted cash—end of period 66,071 74,980
Hudson Pacific Partners L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (36,895) 52,563
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 68,505 60,553
Non-cash portion of interest expense 1,591 1,658
Amortization of stock-based/unit-based compensation 5,150 4,338
Straight-line rents (16,635) (9,942)
Straight-line rent expenses 366 136
Amortization of above- and below-market leases, net (4,179) (3,811)
Amortization of above- and below-market ground lease, net 615 624
Amortization of lease incentive costs 326 303
Other non-cash adjustments 0 256
Impairment loss 52,201 0
Gains on sale of real estate 0 (37,674)
Change in operating assets and liabilities:    
Accounts receivable (4,263) (1,782)
Deferred leasing costs and lease intangibles (13,675) (6,614)
Prepaid expenses and other assets 2,771 3,313
Accounts payable and accrued liabilities and other 33,004 (33)
Security deposits and prepaid rent 564 559
Net cash provided by operating activities 89,446 64,447
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to investment property (94,615) (103,512)
Maturities of U.S. government securities 1,932 0
Proceeds from sale of real estate 0 237,004
Proceeds from repayment of notes receivable (35,584) 0
Net cash used in investing activities (128,267) 133,492
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from unsecured and secured debt 430,001 130,000
Payments of unsecured and secured debt (335,145) (308,529)
Proceeds from joint venture partner debt (806) 0
Proceeds from issuance of common stock/units, net 0 (173)
Repurchase of common units in the operating partnership (525) 0
Dividends paid to common stock and unitholders (40,427) (39,351)
Dividends paid to preferred unit-holders (153) (159)
Contribution of redeemable non-controlling member in consolidated real estate entities 2,075 0
Contribution of non-controlling member in consolidated real estate entities 0 2,691
Distribution to non-controlling member in consolidated real estate entities (4,028) (1,060)
Payments to satisfy tax withholding (3,668) (693)
Payments of loan costs (10,623) (6,965)
Net cash (used in) provided by financing activities 36,701 (224,239)
Net (decrease) increase in cash and cash equivalents and restricted cash (2,120) (26,300)
Cash and cash equivalents and restricted cash—beginning of period 68,191 101,280
Cash and cash equivalents and restricted cash—end of period $ 66,071 $ 74,980