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CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021
--- | --- | ---
ASSETS |  |
Investment in real estate, at cost | $ 8,562,340 | $ 8,361,477
Accumulated depreciation and amortization | (1,413,526) | (1,283,774)
Investment in real estate, net | 7,148,814 | 7,077,703
Non-real estate property, plant and equipment, net | 60,222 | 58,469
Cash and cash equivalents | 266,538 | 96,555
Restricted cash | 49,025 | 100,321
Accounts receivable, net | 15,602 | 25,339
Straight-line rent receivables, net | 269,015 | 240,306
Deferred leasing costs and intangible assets, net | 336,439 | 341,444
U.S. Government securities |  | 129,321
Operating lease right-of-use assets | 299,673 | 287,041
Prepaid expenses and other assets, net | 99,151 | 119,000
Investment in unconsolidated real estate entities | 161,845 | 154,731
Goodwill | 109,473 | 109,439
Assets associated with real estate held for sale | 234,841 | 250,520
TOTAL ASSETS | 9,050,638 | 8,990,189
Liabilities |  |
Accounts payable, accrued liabilities and other | 313,572 | 300,959
Operating lease liabilities | 307,072 | 293,596
Intangible liabilities, net | 37,485 | 42,290
Security deposits and prepaid rent | 82,906 | 84,939
Liabilities associated with real estate held for sale | 3,072 | 3,898
Total liabilities | 5,065,674 | 4,653,933
Commitments and contingencies |  |
Redeemable preferred units of the operating partnership | 9,815 | 9,815
Redeemable non-controlling interest in consolidated real estate entities | 126,420 | 129,449
Hudson Pacific Properties, Inc. stockholders’ equity |  |
Preferred stock, $0.01 par value, 18,400,000 authorized at June 30, 2022 and December 31, 2021, respectively; 4.750% Series C cumulative redeemable preferred stock, $25.00 per share liquidation preference, 17,000,000 outstanding at June 30, 2022 and December 31, 2021, respectively | 425,000 | 425,000
Common stock, $0.01 par value, 481,600,000 authorized, 141,609,336 shares and 151,124,543 shares outstanding at June 30, 2022 and December 31, 2021, respectively | 1,415 | 1,511
Additional paid-in capital | 2,985,666 | 3,317,072
Accumulated other comprehensive loss | (7,051) | (1,761)
Total Hudson Pacific Properties, Inc. stockholders’ equity | 3,405,030 | 3,741,822
Total equity | 3,848,729 | 4,196,992
TOTAL LIABILITIES AND EQUITY | 9,050,638 | 8,990,189
Non-controlling interest—members in consolidated real estate entities |  |
Hudson Pacific Properties, Inc. stockholders’ equity |  |
Non-controlling interest | 384,707 | 402,971
Non-controlling interest—units in the operating partnership |  |
Hudson Pacific Properties, Inc. stockholders’ equity |  |
Non-controlling interest | 58,992 | 52,199
Unsecured and secured debt, net |  |
Liabilities |  |
Notes payable, net | 4,129,034 | 3,733,903
In-substance defeased debt |  |
Liabilities |  |
Notes payable, net | 126,397 | 128,212
Joint venture partner debt |  |
Liabilities |  |
Notes payable, net | $ 66,136 | $ 66,136

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