XML 54 R45.htm IDEA: XBRL DOCUMENT v3.19.3

Equity (Tables)

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

Comprehensive income (loss)

The table below presents the activity related to Hudson Pacific Properties Inc.’s accumulated other comprehensive (loss) income (“OCI”):

						Derivative Instruments						Currency Translation Adjustments						Total Equity
Balance at December 31, 2018						$	17,501					$	—					$	17,501
Unrealized (losses) gains recognized in OCI						(15,743)						590						(15,153)
Reclassification adjustment for realized gains(1)						(5,075)						—						(5,075)
Net change in OCI						(20,818)						590						(20,228)
BALANCE AT SEPTEMBER 30, 2019						$	(3,317)					$	590					$	(2,727)

_____________

1.The gains and losses on the Company’s derivative instruments are reported in the interest expense line item on the Consolidated Statements of Operations. Interest expense was $77.5 million for the nine months ended September 30, 2019.

The table below presents the activity related to Hudson Pacific Properties L.P.’s OCI:

						Derivative Instruments						Currency Translation Adjustments						Total Capital
Balance at December 31, 2018						$	17,565					$	—					$	17,565
Unrealized (losses) gains recognized in OCI						(15,847)						595						(15,252)
Reclassification adjustment for realized gains(1)						(5,109)						—						(5,109)
Net change in OCI						(20,956)						595						(20,361)
BALANCE AT SEPTEMBER 30, 2019						$	(3,391)					$	595					$	(2,796)

_____________

1.The gains and losses on the Company’s derivative instruments are reported in the interest expense line item on the Consolidated Statements of Operations. Interest expense was $77.5 million for the nine months ended September 30, 2019.

Schedule of ownership of common units including unvested restricted units

The following table summarizes the ownership interest in the operating partnership, excluding unvested restricted units and unvested restricted performance units as of:

			September 30, 2019						December 31, 2018
Company-owned common units in the operating partnership			154,414,452						154,371,538
Company’s ownership interest percentage			99.5		%				99.6		%
Non-controlling units in the operating partnership(1)			720,773						569,045
Non-controlling ownership interest percentage			0.5		%				0.4		%

_________________ 

1.Represents units held by certain of the Company’s executive officers, directors and outside investors. As of September 30, 2019, this amount represents both common units and performance units of 550,969 and 169,804, respectively. As of December 31, 2018, this amount represents common units of 569,045.

Schedule of dividends payable

The following table summarizes dividends declared and paid for the periods presented:

			Three Months Ended September 30,																		Nine Months Ended September 30,
			2019						2018						2019						2018
Common stock			$	0.25					$	0.25					$	0.75					$	0.75
Common units			$	0.25					$	0.25					$	0.75					$	0.75
Series A preferred units			$	0.3906					$	0.3906					$	1.1718					$	1.1718
Performance units			$	0.25					$	0.25					$	0.75					$	0.75
Payment date			September 30, 2019						September 28, 2018						N/A						N/A
Record date			September 20, 2019						September 18, 2018						N/A						N/A

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e526-108580

+ Details

Name:	us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4304-108586

+ Details

Name:	us-gaap_ScheduleOfDividendsPayableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of other units or shares or classes of ownership in a partnership.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 272
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 5
-Subparagraph (SAB TOPIC 4.F)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187171-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 272
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70434-108055

+ Details

Name:	us-gaap_ScheduleOfOtherOwnershipInterestsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration