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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 55,846,000 $ 111,781,000 $ 94,561,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 282,088,000 251,003,000 283,570,000
Amortization of deferred financing costs and loan discount, net 6,258,000 5,965,000 6,032,000
Amortization of stock/unit-based compensation 19,481,000 17,028,000 15,079,000
Loss from unconsolidated real estate entity 747,000 0 0
Straight-line rents (52,959,000) (36,202,000) (29,638,000)
Straight-line rent expenses 1,463,000 711,000 433,000
Amortization of above- and below-market leases, net (12,836,000) (17,593,000) (18,062,000)
Amortization of above- and below-market ground lease, net 2,460,000 2,422,000 2,505,000
Amortization of lease incentive costs 1,771,000 1,464,000 1,546,000
Other non-cash adjustments 0 369,000 883,000
Impairment loss 52,201,000 0 0
Gains on sale of real estate (47,100,000) (43,337,000) (45,574,000)
Change in operating assets and liabilities:      
Accounts receivable 699,000 (10,854,000) 1,929,000
Deferred leasing costs and lease intangibles (46,645,000) (55,286,000) (32,244,000)
Prepaid expenses and other assets (11,165,000) (2,978,000) 233,000
Accounts payable and accrued liabilities 18,202,000 (13,184,000) 19,447,000
Security deposits and prepaid rent 17,500,000 3,317,000 (7,741,000)
Net cash provided by operating activities 288,011,000 214,626,000 292,959,000
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to investment property (385,751,000) (351,277,000) (302,447,000)
Property acquisitions 0 (362,687,000) (257,734,000)
Purchase of U.S. Government securities 0 (149,176,000) 0
Maturities of U.S. Government securities 6,226,000 2,229,000 0
Proceeds from sales of real estate 147,824,000 454,542,000 212,250,000
Distributions from unconsolidated entities 290,000 14,036,000 15,964,000
Contributions to unconsolidated entity (64,498,000) 0 (1,071,000)
Deposits for property acquisitions (20,500,000) 0 0
Net cash used in investing activities (316,409,000) (392,333,000) (333,038,000)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from unsecured and secured debt 1,215,647,000 650,000,000 766,660,000
Payments of unsecured and secured debt (1,010,569,000) (449,711,000) (822,526,000)
Payments of in-substance defeased debt (3,193,000) 0 0
Proceeds from joint venture partner debt 0 66,136,000 0
Proceeds from issuance of common stock/units, net 0 0 647,382,000
Repurchase of common stock/units 0 (50,000,000) 0
Repurchase of operating partnership units (525,000) 0 (310,855,000)
Redemption of Series A preferred units 0 (362,000) 0
Distributions paid to common stock and unit-holders (157,825,000) (157,003,000) (158,544,000)
Dividends paid to preferred unit-holders (612,000) (618,000) (636,000)
Contribution of redeemable non-controlling member in consolidated real estate entities 14,128,000 100,223,000 0
Distribution of redeemable non-controlling member in consolidated real estate entity (15,000) 0 0
Contribution of non-controlling member in consolidated real estate entities 0 2,486,000 3,870,000
Distributions to non-controlling member in consolidated real estate entities (12,111,000) (4,725,000) (74,836,000)
Payments to satisfy tax withholding (7,684,000) (4,769,000) (16,041,000)
Payments of loan costs (18,776,000) (7,039,000) (1,307,000)
Net cash provided by financing activities 18,465,000 144,618,000 33,167,000
Net decrease in cash and cash equivalents and restricted cash (9,933,000) (33,089,000) (6,912,000)
Cash and cash equivalents and restricted cash—beginning of period 68,191,000 101,280,000 108,192,000
Cash and cash equivalents and restricted cash—end of period 58,258,000 68,191,000 101,280,000
Hudson Pacific Partners, L.P.      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) 55,846,000 111,781,000 94,561,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 282,088,000 251,003,000 283,570,000
Amortization of deferred financing costs and loan discount, net 6,258,000 5,965,000 6,032,000
Amortization of stock/unit-based compensation 19,481,000 17,028,000 15,079,000
Loss from unconsolidated real estate entity 747,000 0 0
Straight-line rents (52,959,000) (36,202,000) (29,638,000)
Straight-line rent expenses 1,463,000 711,000 433,000
Amortization of above- and below-market leases, net (12,836,000) (17,593,000) (18,062,000)
Amortization of above- and below-market ground lease, net 2,460,000 2,422,000 2,505,000
Amortization of lease incentive costs 1,771,000 1,464,000 1,546,000
Other non-cash adjustments 0 369,000 883,000
Impairment loss 52,201,000 0 0
Gains on sale of real estate (47,100,000) (43,337,000) (45,574,000)
Change in operating assets and liabilities:      
Accounts receivable 699,000 (10,854,000) 1,929,000
Deferred leasing costs and lease intangibles (46,645,000) (55,286,000) (32,244,000)
Prepaid expenses and other assets (11,165,000) (2,978,000) 233,000
Accounts payable and accrued liabilities 18,202,000 (13,184,000) 19,447,000
Security deposits and prepaid rent 17,500,000 3,317,000 (7,741,000)
Net cash provided by operating activities 288,011,000 214,626,000 292,959,000
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to investment property (385,751,000) (351,277,000) (302,447,000)
Property acquisitions 0 (362,687,000) (257,734,000)
Purchase of U.S. Government securities 0 (149,176,000) 0
Maturities of U.S. Government securities 6,226,000 2,229,000 0
Proceeds from sales of real estate 147,824,000 454,542,000 212,250,000
Distributions from unconsolidated entities 290,000 14,036,000 15,964,000
Contributions to unconsolidated entity (64,498,000) 0 (1,071,000)
Deposits for property acquisitions (20,500,000) 0 0
Net cash used in investing activities (316,409,000) (392,333,000) (333,038,000)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from unsecured and secured debt 1,215,647,000 650,000,000 766,660,000
Payments of unsecured and secured debt (1,010,569,000) (449,711,000) (822,526,000)
Payments of in-substance defeased debt (3,193,000) 0 0
Proceeds from joint venture partner debt 0 66,136,000 0
Proceeds from issuance of common stock/units, net 0 0 647,382,000
Repurchase of common stock/units 0 (50,000,000) 0
Repurchase of operating partnership units (525,000) 0 (310,855,000)
Redemption of Series A preferred units 0 (362,000) 0
Distributions paid to common stock and unit-holders (157,825,000) (157,003,000) (158,544,000)
Dividends paid to preferred unit-holders (612,000) (618,000) (636,000)
Contribution of redeemable non-controlling member in consolidated real estate entities 14,128,000 100,223,000 0
Distribution of redeemable non-controlling member in consolidated real estate entity (15,000) 0 0
Contribution of non-controlling member in consolidated real estate entities 0 2,486,000 3,870,000
Distributions to non-controlling member in consolidated real estate entities (12,111,000) (4,725,000) (74,836,000)
Payments to satisfy tax withholding (7,684,000) (4,769,000) (16,041,000)
Payments of loan costs (18,776,000) (7,039,000) (1,307,000)
Net cash provided by financing activities 18,465,000 144,618,000 33,167,000
Net decrease in cash and cash equivalents and restricted cash (9,933,000) (33,089,000) (6,912,000)
Cash and cash equivalents and restricted cash—beginning of period 68,191,000 101,280,000 108,192,000
Cash and cash equivalents and restricted cash—end of period $ 58,258,000 $ 68,191,000 $ 101,280,000