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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 13,949,000 $ (36,895,000)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 73,763,000 68,505,000
Non-cash portion of interest expense 1,245,000 1,591,000
Amortization of stock-based/unit-based compensation 4,895,000 5,150,000
Loss from unconsolidated real estate entity 236,000 0
Unrealized loss on non-real estate investment 581,000.0 0
Straight-line rents (13,709,000) (16,635,000)
Straight-line rent expenses 365,000 366,000
Amortization of above- and below-market leases, net (2,544,000) (4,179,000)
Amortization of above- and below-market ground leases, net 588,000 615,000
Amortization of lease incentive costs 472,000 326,000
Impairment loss 0 52,201,000
Change in operating assets and liabilities:    
Accounts receivable 67,000 (4,263,000)
Deferred leasing costs and lease intangibles (4,139,000) (13,675,000)
Prepaid expenses and other assets (1,054,000) 2,771,000
Accounts payable, accrued liabilities and other 28,162,000 33,004,000
Security deposits and prepaid rent (12,779,000) 564,000
Net cash provided by operating activities 90,098,000 89,446,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to investment in real estate (79,058,000) (94,615,000)
Maturities of U.S. Government securities 1,284,000 1,932,000
Distributions from unconsolidated entities 24,000 0
Contributions to unconsolidated entities (351,000) 0
Deposits for property acquisitions 0 (35,584,000)
Net cash used in investing activities (78,101,000) (128,267,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from unsecured and secured debt 415,040,000 430,001,000
Payments of unsecured and secured debt (148,000) (335,145,000)
Payments of in-substance defeased debt (825,000) (806,000)
Repurchase of common stock/units (35,351,000) 0
Redemption of operating partnership units 0 (525,000)
Dividends paid to common stock and unitholders (38,883,000) (40,427,000)
Dividends paid to preferred unitholders (153,000) (153,000)
Contribution of redeemable non-controlling member in consolidated real estate entities 2,456,000 2,075,000
Distribution to non-controlling member in consolidated real estate entities (2,768,000) (4,028,000)
Payments to satisfy tax withholding (5,501,000) (3,668,000)
Payment of loan costs, net loan premium paid (4,000) (10,623,000)
Net cash provided by financing activities 333,863,000 36,701,000
Net increase (decrease) in cash and cash equivalents and restricted cash 345,860,000 (2,120,000)
Cash and cash equivalents and restricted cash—beginning of period 58,258,000 68,191,000
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD 404,118,000 66,071,000
Hudson Pacific Partners L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) 13,949,000 (36,895,000)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 73,763,000 68,505,000
Non-cash portion of interest expense 1,245,000 1,591,000
Amortization of stock-based/unit-based compensation 4,895,000 5,150,000
Loss from unconsolidated real estate entity 236,000 0
Unrealized loss on non-real estate investment 581,000 0
Straight-line rents (13,709,000) (16,635,000)
Straight-line rent expenses 365,000 366,000
Amortization of above- and below-market leases, net (2,544,000) (4,179,000)
Amortization of above- and below-market ground leases, net 588,000 615,000
Amortization of lease incentive costs 472,000 326,000
Impairment loss 0 52,201,000
Change in operating assets and liabilities:    
Accounts receivable 67,000 (4,263,000)
Deferred leasing costs and lease intangibles (4,139,000) (13,675,000)
Prepaid expenses and other assets (1,054,000) 2,771,000
Accounts payable, accrued liabilities and other 28,162,000 33,004,000
Security deposits and prepaid rent (12,779,000) 564,000
Net cash provided by operating activities 90,098,000 89,446,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to investment in real estate (79,058,000) (94,615,000)
Maturities of U.S. Government securities 1,284,000 1,932,000
Distributions from unconsolidated entities 24,000 0
Contributions to unconsolidated entities (351,000) 0
Deposits for property acquisitions 0 (35,584,000)
Net cash used in investing activities (78,101,000) (128,267,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from unsecured and secured debt 415,040,000 430,001,000
Payments of unsecured and secured debt (148,000) (335,145,000)
Payments of in-substance defeased debt (825,000) (806,000)
Repurchase of common stock/units (35,351,000) 0
Redemption of operating partnership units 0 (525,000)
Dividends paid to common stock and unitholders (38,883,000) (40,427,000)
Dividends paid to preferred unitholders (153,000) (153,000)
Contribution of redeemable non-controlling member in consolidated real estate entities 2,456,000 2,075,000
Distribution to non-controlling member in consolidated real estate entities (2,768,000) (4,028,000)
Payments to satisfy tax withholding (5,501,000) (3,668,000)
Payment of loan costs, net loan premium paid (4,000) (10,623,000)
Net cash provided by financing activities 333,863,000 36,701,000
Net increase (decrease) in cash and cash equivalents and restricted cash 345,860,000 (2,120,000)
Cash and cash equivalents and restricted cash—beginning of period 58,258,000 68,191,000
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD $ 404,118,000 $ 66,071,000