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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 19,598 $ 38,883
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 222,331 207,892
Non-cash portion of interest expense 7,257 4,422
Amortization of stock-based compensation 14,409 15,393
(Income) loss from unconsolidated real estate entity (69) 345
Unrealized loss on non-real estate investment 2,335 0
Straight-line rents (31,182) (39,602)
Straight-line rent expenses 1,096 1,097
Amortization of above- and below-market leases, net (7,457) (9,919)
Amortization of above- and below-market ground leases, net 1,763 1,845
Amortization of lease incentive costs 1,437 1,267
Impairment loss 0 52,201
Gains on sale of real estate 0 (47,100)
Change in operating assets and liabilities:    
Accounts receivable (1,129) (1,726)
Deferred leasing costs and lease intangibles (9,767) (36,069)
Prepaid expenses and other assets (17,586) (10,217)
Accounts payable, accrued liabilities and other 55,055 59,101
Security deposits and prepaid rent (10,201) (4,213)
Net cash provided by operating activities 247,890 233,600
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to investment in real estate (308,909) (275,051)
Maturities of U.S. Government securities 4,121 4,695
Cash proceeds 0 147,823
Distributions from unconsolidated entities 573 290
Contributions to unconsolidated entities (989) (64,503)
Deposits for property acquisitions 0 (20,500)
Net cash used in investing activities (305,204) (207,246)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from unsecured and secured debt 1,391,651 735,001
Payments of unsecured and secured debt (1,149,943) (630,424)
Payments of in-substance defeased debt (2,470) (2,377)
Transaction costs (16,073) 0
Repurchase of common stock (53,475) 0
Redemption of operating partnership units 0 (525)
Dividends paid to common stock and unitholders (116,626) (118,696)
Dividends paid to preferred unitholders (459) (459)
Contribution of redeemable non-controlling member in consolidated real estate entities 4,351 10,587
Distribution of redeemable non-controlling member in consolidated real estate entities (8) (7)
Contribution of non-controlling member in consolidated real estate entities 372,451 0
Distribution to non-controlling member in consolidated real estate entities (9,591) (8,382)
Payments to satisfy tax withholding (5,501) (3,668)
Payment of loan costs, net loan premium paid (10,978) (6,256)
Net cash provided by (used in) financing activities 403,329 (25,206)
Net increase in cash and cash equivalents and restricted cash 346,015 1,148
Cash and cash equivalents and restricted cash—beginning of period 58,258 68,191
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD 404,273 69,339
Hudson Pacific Partners L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 19,598 38,883
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 222,331 207,892
Non-cash portion of interest expense 7,257 4,422
Amortization of stock-based compensation 14,409 15,393
(Income) loss from unconsolidated real estate entity (69) 345
Unrealized loss on non-real estate investment 2,335 0
Straight-line rents (31,182) (39,602)
Straight-line rent expenses 1,096 1,097
Amortization of above- and below-market leases, net (7,457) (9,919)
Amortization of above- and below-market ground leases, net 1,763 1,845
Amortization of lease incentive costs 1,437 1,267
Impairment loss 0 52,201
Gains on sale of real estate 0 (47,100)
Change in operating assets and liabilities:    
Accounts receivable (1,129) (1,726)
Deferred leasing costs and lease intangibles (9,767) (36,069)
Prepaid expenses and other assets (17,586) (10,217)
Accounts payable, accrued liabilities and other 55,055 59,101
Security deposits and prepaid rent (10,201) (4,213)
Net cash provided by operating activities 247,890 233,600
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to investment in real estate (308,909) (275,051)
Maturities of U.S. Government securities 4,121 4,695
Cash proceeds 0 147,823
Distributions from unconsolidated entities 573 290
Contributions to unconsolidated entities (989) (64,503)
Deposits for property acquisitions 0 (20,500)
Net cash used in investing activities (305,204) (207,246)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from unsecured and secured debt 1,391,651 735,001
Payments of unsecured and secured debt (1,149,943) (630,424)
Payments of in-substance defeased debt (2,470) (2,377)
Transaction costs (16,073) 0
Repurchase of common stock (53,475) 0
Redemption of operating partnership units 0 (525)
Dividends paid to common stock and unitholders (116,626) (118,696)
Dividends paid to preferred unitholders (459) (459)
Contribution of redeemable non-controlling member in consolidated real estate entities 4,351 10,587
Distribution of redeemable non-controlling member in consolidated real estate entities (8) (7)
Contribution of non-controlling member in consolidated real estate entities 372,451 0
Distribution to non-controlling member in consolidated real estate entities (9,591) (8,382)
Payments to satisfy tax withholding (5,501) (3,668)
Payment of loan costs, net loan premium paid (10,978) (6,256)
Net cash provided by (used in) financing activities 403,329 (25,206)
Net increase in cash and cash equivalents and restricted cash 346,015 1,148
Cash and cash equivalents and restricted cash—beginning of period 58,258 68,191
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD $ 404,273 $ 69,339