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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (24,072) $ 72,254
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 138,111 121,259
Non-cash portion of interest expense 3,034 3,093
Amortization of stock-based/unit-based compensation 10,217 8,627
Loss from unconsolidated real estate investment 85 0
Straight-line rents (28,469) (17,879)
Straight-line rent expenses 731 262
Amortization of above- and below-market leases, net (7,109) (7,042)
Amortization of above- and below-market ground leases, net 1,230 1,216
Amortization of lease incentive costs 769 687
Other non-cash adjustments (89) (114)
Impairment loss 52,201 0
Gains on sale of real estate 0 (39,602)
Change in operating assets and liabilities:    
Accounts receivable (99) (3,057)
Deferred leasing costs and lease intangibles (16,777) (21,835)
Prepaid expenses and other assets (5,081) (3,250)
Accounts payable, accrued liabilities and other 27,933 (12,666)
Security deposits and prepaid rent (6,899) 566
Net cash provided by operating activities 145,716 102,519
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to investment in real estate (189,273) (185,031)
Property acquisitions 0 (30,166)
Maturities of U.S. Government securities 4,185 0
Proceeds from sale of real estate 0 250,199
Contributions to unconsolidated entities (64,448) 0
Deposits for property acquisitions (20,500) (27,500)
Net cash (used in) provided by investing activities (270,036) 7,502
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from unsecured and secured debt 695,001 250,000
Payments of unsecured and secured debt (485,283) (308,660)
Payments of in-substance defeased debt (1,587) 0
Proceeds from issuance of common stock/units, net 0 (207)
Repurchase of common units in the operating partnership (525) 0
Redemption of series A preferred units 0 (362)
Dividends paid to common stock and unitholders (79,564) (78,705)
Dividends paid to preferred unitholders (306) (312)
Contribution of redeemable non-controlling member in consolidated real estate entities 2,941 0
Distribution of redeemable non-controlling member in consolidated real estate entities (7) 0
Contribution of non-controlling member in consolidated real estate entities 0 2,691
Distribution to non-controlling member in consolidated real estate entities (6,226) (2,088)
Payments to satisfy tax withholding (3,668) (693)
Payment of loan costs, net loan premium paid (3,100) (6,978)
Net cash provided by (used in) financing activities 117,676 (145,314)
Net decrease in cash and cash equivalents and restricted cash (6,644) (35,293)
Cash and cash equivalents and restricted cash—beginning of period 68,191 101,280
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD 61,547 65,987
Hudson Pacific Partners L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income (24,072) 72,254
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 138,111 121,259
Non-cash portion of interest expense 3,034 3,093
Amortization of stock-based/unit-based compensation 10,217 8,627
Loss from unconsolidated real estate investment 85 0
Straight-line rents (28,469) (17,879)
Straight-line rent expenses 731 262
Amortization of above- and below-market leases, net (7,109) (7,042)
Amortization of above- and below-market ground leases, net 1,230 1,216
Amortization of lease incentive costs 769 687
Other non-cash adjustments (89) (114)
Impairment loss 52,201 0
Gains on sale of real estate 0 (39,602)
Change in operating assets and liabilities:    
Accounts receivable (99) (3,057)
Deferred leasing costs and lease intangibles (16,777) (21,835)
Prepaid expenses and other assets (5,081) (3,250)
Accounts payable, accrued liabilities and other 27,933 (12,666)
Security deposits and prepaid rent (6,899) 566
Net cash provided by operating activities 145,716 102,519
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to investment in real estate (189,273) (185,031)
Property acquisitions 0 (30,166)
Maturities of U.S. Government securities 4,185 0
Proceeds from sale of real estate 0 250,199
Contributions to unconsolidated entities (64,448) 0
Deposits for property acquisitions (20,500) (27,500)
Net cash (used in) provided by investing activities (270,036) 7,502
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from unsecured and secured debt 695,001 250,000
Payments of unsecured and secured debt (485,283) (308,660)
Payments of in-substance defeased debt (1,587) 0
Proceeds from issuance of common stock/units, net 0 (207)
Repurchase of common units in the operating partnership (525) 0
Redemption of series A preferred units 0 (362)
Dividends paid to common stock and unitholders (79,564) (78,705)
Dividends paid to preferred unitholders (306) (312)
Contribution of redeemable non-controlling member in consolidated real estate entities 2,941 0
Distribution of redeemable non-controlling member in consolidated real estate entities (7) 0
Contribution of non-controlling member in consolidated real estate entities 0 2,691
Distribution to non-controlling member in consolidated real estate entities (6,226) (2,088)
Payments to satisfy tax withholding (3,668) (693)
Payment of loan costs, net loan premium paid (3,100) (6,978)
Net cash provided by (used in) financing activities 117,676 (145,314)
Net decrease in cash and cash equivalents and restricted cash (6,644) (35,293)
Cash and cash equivalents and restricted cash—beginning of period 68,191 101,280
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD $ 61,547 $ 65,987