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CONSOLIDATED STATEMENTS OF CASH FLOWS L.P. - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (312,124) $ (207,925)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 281,921 265,324
Non-cash interest expense 12,302 5,896
Amortization of share/unit-based compensation 26,607 19,446
Straight-line rents (4,886) 14,045
Straight-line rent expense 3,137 3,075
Amortization of above- and below-market leases, net (2,894) (3,899)
Amortization of above- and below-market ground leases, net 1,953 1,986
Amortization of lease incentive costs 3,898 1,018
Loss from unconsolidated real estate entities 2,203 6,443
Unrealized loss on non-real estate investments 2,335 3,024
Loss on extinguishment of debt 3,702 0
Gain on sale of real estate, net (10,007) 0
Gain from insurance proceeds (609)
Loss on deconsolidation of real estate entity 77,907 0
Impairment loss 18,476 36,543
Deferred tax (benefit) provision (10) 2,702
Change in operating assets and liabilities:    
Accounts receivable 1,013 9,668
Deferred leasing costs and lease intangibles (34,130) (17,926)
Prepaid expenses and other assets (16,742) (12,635)
Accounts payable, accrued liabilities and other 18,082 45,503
Security deposits, prepaid rent and other (10,461) (7,793)
Net cash provided by operating activities 61,673 164,495
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales of real estate 88,251 0
Additions to investment in real estate (109,137) (136,703)
Insurance proceeds for damaged property, plant and equipment 1,174 0
Cash disposed on deconsolidation of real estate entity (12,430) 0
Cash acquired from consolidation of previously unconsolidated real estate entity 0 8,814
Settlement of earnout liability 0 (5,000)
Contributions to unconsolidated real estate entities (14,810) (41,668)
Distributions from unconsolidated real estate entities 837 55
Additions to non-real estate property, plant and equipment (15,876) (18,315)
Contributions to non-real estate investments (3,029) (2,939)
Distributions from non-real estate investments 924 0
Net cash used in investing activities (64,096) (195,756)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from unsecured and secured debt 1,291,000 136,724
Payments of unsecured and secured debt (1,801,467) (30,000)
Payments of loan costs (18,777) 0
Fee for prepayment of notes payable (2,966) 0
Proceeds from sale of common stock 523,392 0
Proceeds from sale of pre-funded warrants 138,451 0
Transaction costs (5,648) (79)
Redemption of series A preferred units (7,020) 0
Redemption of common units in the operating partnership (318) 0
Distributions paid to common unitholders (353) (15,377)
Distributions paid to preferred unitholders (15,461) (15,447)
Contributions from redeemable non-controlling members in consolidated real estate entities 2,765 0
Distributions to redeemable non-controlling members in consolidated real estate entities (7) (3,924)
Contributions from non-controlling members in consolidated real estate entities 29,608 19,588
Distributions to non-controlling members in consolidated real estate entities (15,269) (24,013)
Purchase of non-controlling interest 0 (40,937)
Payments to satisfy tax withholding obligations (237) (495)
Net cash provided by financing activities 117,693 26,040
Net increase (decrease) in cash and cash equivalents and restricted cash 115,270 (5,221)
Cash and cash equivalents and restricted cash—beginning of period 99,177 119,156
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD 214,447 113,935
Hudson Pacific Partners L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss (312,124) (207,925)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 281,921 265,324
Non-cash interest expense 12,302 5,896
Amortization of share/unit-based compensation 26,607 19,446
Straight-line rents (4,886) 14,045
Straight-line rent expense 3,137 3,075
Amortization of above- and below-market leases, net (2,894) (3,899)
Amortization of above- and below-market ground leases, net 1,953 1,986
Amortization of lease incentive costs 3,898 1,018
Loss from unconsolidated real estate entities 2,203 6,443
Unrealized loss on non-real estate investments 2,335 3,024
Loss on extinguishment of debt 3,702 0
Gain on sale of real estate, net (10,007) 0
Gain from insurance proceeds (609) 0
Loss on deconsolidation of real estate entity 77,907 0
Impairment loss 18,476 36,543
Deferred tax (benefit) provision (10) 2,702
Change in operating assets and liabilities:    
Accounts receivable 1,013 9,668
Deferred leasing costs and lease intangibles (34,130) (17,926)
Prepaid expenses and other assets (16,742) (12,635)
Accounts payable, accrued liabilities and other 18,082 45,503
Security deposits, prepaid rent and other (10,461) (7,793)
Net cash provided by operating activities 61,673 164,495
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales of real estate 88,251 0
Additions to investment in real estate (109,137) (136,703)
Insurance proceeds for damaged property, plant and equipment 1,174 0
Cash disposed on deconsolidation of real estate entity (12,430) 0
Cash acquired from consolidation of previously unconsolidated real estate entity 0 8,814
Settlement of earnout liability 0 (5,000)
Contributions to unconsolidated real estate entities (14,810) (41,668)
Distributions from unconsolidated real estate entities 837 55
Additions to non-real estate property, plant and equipment (15,876) (18,315)
Contributions to non-real estate investments (3,029) (2,939)
Distributions from non-real estate investments 924 0
Net cash used in investing activities (64,096) (195,756)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from unsecured and secured debt 1,291,000 136,724
Payments of unsecured and secured debt (1,801,467) (30,000)
Payments of loan costs (18,777) 0
Fee for prepayment of notes payable (2,966) 0
Proceeds from sale of common stock 523,392 0
Proceeds from sale of pre-funded warrants 138,451 0
Transaction costs (5,648) (79)
Redemption of series A preferred units (7,020) 0
Redemption of common units in the operating partnership (318)
Distributions paid to common unitholders (353) (15,377)
Distributions paid to preferred unitholders (15,461) (15,447)
Contributions from redeemable non-controlling members in consolidated real estate entities 2,765 0
Distributions to redeemable non-controlling members in consolidated real estate entities (7) (3,924)
Contributions from non-controlling members in consolidated real estate entities 29,608 19,588
Distributions to non-controlling members in consolidated real estate entities (15,269) (24,013)
Purchase of non-controlling interest 0 (40,937)
Payments to satisfy tax withholding obligations (237) (495)
Net cash provided by financing activities 117,693 26,040
Net increase (decrease) in cash and cash equivalents and restricted cash 115,270 (5,221)
Cash and cash equivalents and restricted cash—beginning of period 99,177 119,156
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD $ 214,447 $ 113,935