$HPP
Hudson Pacific Properties, Inc.

2011 Q4 Form 10-Q Financial Statement

#000148251211000042 Filed on November 10, 2011

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2010 Q3
Revenue $37.06M $36.92M $17.51M
YoY Change 75.73% 110.89% 50.91%
Cost Of Revenue $17.50M $18.90M $8.800M
YoY Change 90.22% 114.77% 33.33%
Gross Profit $19.50M $18.00M $8.700M
YoY Change 63.87% 106.9% 77.55%
Gross Profit Margin 52.62% 48.76% 49.7%
Selling, General & Admin $4.000M $2.800M $2.400M
YoY Change 90.48% 16.67%
% of Gross Profit 20.51% 15.56% 27.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.70M $11.04M $4.317M
YoY Change 98.31% 155.64% 59.89%
% of Gross Profit 60.0% 61.31% 49.62%
Operating Expenses $15.70M $13.90M $6.600M
YoY Change 96.25% 110.61% 135.71%
Operating Profit $3.800M $4.129M $2.028M
YoY Change -2.56% 103.6% -3.43%
Interest Expense -$4.200M $4.073M $1.784M
YoY Change 61.54% 128.31% -184.95%
% of Operating Profit -110.53% 98.64% 87.97%
Other Income/Expense, Net -$100.0K -$100.0K $0.00
YoY Change -50.0%
Pretax Income -$1.300M -$800.0K $0.00
YoY Change 160.0% -100.0%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$3.151M -$2.672M -$172.0K
YoY Change 165.91% 1453.49% -272.0%
Net Earnings / Revenue -8.5% -7.24% -0.98%
Basic Earnings Per Share
Diluted Earnings Per Share -$39.16K -$21.86K $0.00
COMMON SHARES
Basic Shares Outstanding 33.58M shares 33.57M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2011 Q4 2011 Q3 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.70M $20.70M $40.70M
YoY Change -71.98% -49.14%
Cash & Equivalents $13.71M $13.71M $41.98M
Short-Term Investments
Other Short-Term Assets $4.500M $9.200M $4.500M
YoY Change 2.27% 104.44%
Inventory
Prepaid Expenses
Receivables $9.000M $10.80M $3.300M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $27.20M $40.70M $48.50M
YoY Change -52.94% -16.08%
LONG-TERM ASSETS
Property, Plant & Equipment $1.007B $912.3M $515.8M
YoY Change 20.25% 76.87%
Goodwill $8.754M $8.754M
YoY Change 0.0%
Intangibles $84.13M $78.94M
YoY Change -2.61%
Long-Term Investments
YoY Change
Other Assets $25.40M $23.50M $11.50M
YoY Change 81.43% 104.35%
Total Long-Term Assets $1.126B $1.024B $575.4M
YoY Change 18.89% 77.9%
TOTAL ASSETS
Total Short-Term Assets $27.20M $40.70M $48.50M
Total Long-Term Assets $1.126B $1.024B $575.4M
Total Assets $1.153B $1.064B $623.9M
YoY Change 14.76% 70.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.50M $18.80M $10.70M
YoY Change 8.7% 75.7%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.20M $24.50M $15.00M
YoY Change 9.64% 63.33%
LONG-TERM LIABILITIES
Long-Term Debt $399.9M $298.7M $94.10M
YoY Change 16.9% 217.43%
Other Long-Term Liabilities $46.10M $44.20M $33.60M
YoY Change -45.38% 31.55%
Total Long-Term Liabilities $446.0M $342.9M $127.7M
YoY Change 4.57% 168.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.20M $24.50M $15.00M
Total Long-Term Liabilities $446.0M $342.9M $127.7M
Total Liabilities $451.6M $354.9M $209.0M
YoY Change 15.74% 69.8%
SHAREHOLDERS EQUITY
Retained Earnings -$13.69M -$10.59M
YoY Change 293.02%
Common Stock $338.0K $336.0K
YoY Change 50.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $625.3M $633.1M $414.9M
YoY Change
Total Liabilities & Shareholders Equity $1.153B $1.064B $623.9M
YoY Change 14.76% 70.6%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2010 Q3
OPERATING ACTIVITIES
Net Income -$3.151M -$2.672M -$172.0K
YoY Change 165.91% 1453.49% -272.0%
Depreciation, Depletion And Amortization $11.70M $11.04M $4.317M
YoY Change 98.31% 155.64% 59.89%
Cash From Operating Activities $4.000M $13.60M $1.700M
YoY Change -4.76% 700.0% 41.67%
INVESTING ACTIVITIES
Capital Expenditures -$63.30M -$60.60M -$43.80M
YoY Change -65.88% 38.36% 918.6%
Acquisitions
YoY Change
Other Investing Activities $3.100M -$1.500M $0.00
YoY Change
Cash From Investing Activities -$60.20M -$62.20M -$43.80M
YoY Change -67.55% 42.01% 918.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 49.30M -17.70M 0.000
YoY Change -73.8% -100.0%
NET CHANGE
Cash From Operating Activities 4.000M 13.60M 1.700M
Cash From Investing Activities -60.20M -62.20M -43.80M
Cash From Financing Activities 49.30M -17.70M 0.000
Net Change In Cash -6.900M -66.30M -42.10M
YoY Change -200.0% 57.48% 42000.0%
FREE CASH FLOW
Cash From Operating Activities $4.000M $13.60M $1.700M
Capital Expenditures -$63.30M -$60.60M -$43.80M
Free Cash Flow $67.30M $74.20M $45.50M
YoY Change -64.52% 63.08% 727.27%

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105128000 USD
CY2010Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
17505000 USD
CY2011Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
36917000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
354521000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
158189000 USD
CY2011Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9624000 USD
CY2010Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4121000 USD
CY2011Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-10588000 USD
CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-3482000 USD
CY2011Q3 us-gaap Security Deposit Liability
SecurityDepositLiability
5703000 USD
CY2010Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
5052000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
375000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2004000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
495846000 USD
CY2011Q3 us-gaap Stockholders Equity
StockholdersEquity
633051000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
561530000 USD
CY2011Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
696984000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
347000 USD
hpp Accounts Payable And Accrued Liabilities For Distributions To Members
AccountsPayableAndAccruedLiabilitiesForDistributionsToMembers
359000 USD
hpp Accounts Payable And Accrued Liabilities For Distributions To Members
AccountsPayableAndAccruedLiabilitiesForDistributionsToMembers
0 USD
hpp Accounts Payable And Accrued Liabilities For Investment In Property
AccountsPayableAndAccruedLiabilitiesForInvestmentInProperty
1701000 USD
hpp Accounts Payable And Accrued Liabilities For Investment In Property
AccountsPayableAndAccruedLiabilitiesForInvestmentInProperty
0 USD
hpp Amortization Of Above Market Leases
AmortizationOfAboveMarketLeases
2482000 USD
hpp Amortization Of Above Market Leases
AmortizationOfAboveMarketLeases
597000 USD
hpp Amortization Of Below Market Leases
AmortizationOfBelowMarketLeases
-2847000 USD
hpp Amortization Of Below Market Leases
AmortizationOfBelowMarketLeases
-788000 USD
hpp Amortization Of Ground Lease
AmortizationOfGroundLease
15000 USD
hpp Amortization Of Ground Lease
AmortizationOfGroundLease
204000 USD
CY2010Q4 us-gaap Tenant Improvements
TenantImprovements
47478000 USD
CY2011Q3 us-gaap Tenant Improvements
TenantImprovements
59657000 USD
CY2010Q3 hpp Other Income Expense
OtherIncomeExpense
-2001000 USD
hpp Other Income Expense
OtherIncomeExpense
-14308000 USD
hpp Other Income Expense
OtherIncomeExpense
-8493000 USD
CY2011Q3 hpp Other Income Expense
OtherIncomeExpense
-4932000 USD
hpp Payment Of Other Stock Issuance Costs
PaymentOfOtherStockIssuanceCosts
600000 USD
hpp Payment Of Other Stock Issuance Costs
PaymentOfOtherStockIssuanceCosts
0 USD
hpp Payments Of Deferred Leasing Costs And Lease Intangibles
PaymentsOfDeferredLeasingCostsAndLeaseIntangibles
1363000 USD
hpp Payments Of Deferred Leasing Costs And Lease Intangibles
PaymentsOfDeferredLeasingCostsAndLeaseIntangibles
2867000 USD
CY2010 hpp Series B Cumulative Redeemable Preferred Stock Dividend Rate Percentage
SeriesBCumulativeRedeemablePreferredStockDividendRatePercentage
0.08375
hpp Series B Cumulative Redeemable Preferred Stock Dividend Rate Percentage
SeriesBCumulativeRedeemablePreferredStockDividendRatePercentage
0.08375
CY2010Q4 hpp Series B Cumulative Redeemable Preferred Stock Liquidation Preference Per Share
SeriesBCumulativeRedeemablePreferredStockLiquidationPreferencePerShare
25
CY2011Q3 hpp Series B Cumulative Redeemable Preferred Stock Liquidation Preference Per Share
SeriesBCumulativeRedeemablePreferredStockLiquidationPreferencePerShare
25
CY2011Q3 hpp Series B Cumulative Redeemable Preferred Stock Par Value Per Share
SeriesBCumulativeRedeemablePreferredStockParValuePerShare
0.01
CY2010Q4 hpp Series B Cumulative Redeemable Preferred Stock Par Value Per Share
SeriesBCumulativeRedeemablePreferredStockParValuePerShare
0.01
CY2010Q4 hpp Series B Cumulative Redeemable Preferred Stock Shares Authorized
SeriesBCumulativeRedeemablePreferredStockSharesAuthorized
10000000 shares
CY2011Q3 hpp Series B Cumulative Redeemable Preferred Stock Shares Authorized
SeriesBCumulativeRedeemablePreferredStockSharesAuthorized
10000000 shares
CY2010Q4 hpp Series B Cumulative Redeemable Preferred Stock Shares Outstanding
SeriesBCumulativeRedeemablePreferredStockSharesOutstanding
3500000 shares
CY2011Q3 hpp Series B Cumulative Redeemable Preferred Stock Shares Outstanding
SeriesBCumulativeRedeemablePreferredStockSharesOutstanding
3500000 shares
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
dei Document Period End Date
DocumentPeriodEndDate
2011-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001482512
CY2011Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
33576863 shares
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Hudson Pacific Properties, Inc.
CY2010Q4 hpp Series B Cumulative Redeemable Preferred Stock Value Issued
SeriesBCumulativeRedeemablePreferredStockValueIssued
87500000 USD
CY2011Q3 hpp Series B Cumulative Redeemable Preferred Stock Value Issued
SeriesBCumulativeRedeemablePreferredStockValueIssued
87500000 USD
CY2010 hpp Temporary Equity Dividend Rate Percentage
TemporaryEquityDividendRatePercentage
0.06250
hpp Temporary Equity Dividend Rate Percentage
TemporaryEquityDividendRatePercentage
0.06250
CY2011Q3 hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
33146334000 shares
CY2010Q3 hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
21946508000 shares
hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
28126546000 shares
hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
0 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3

Files In Submission

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0001482512-11-000042-index-headers.html Edgar Link pending
0001482512-11-000042-index.html Edgar Link pending
0001482512-11-000042.txt Edgar Link pending
0001482512-11-000042-xbrl.zip Edgar Link pending
ex1055.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
hpp-20110930.xml Edgar Link completed
hpp-20110930.xsd Edgar Link pending
hpp-20110930_cal.xml Edgar Link unprocessable
hpp-20110930_def.xml Edgar Link unprocessable
hpp-20110930_lab.xml Edgar Link unprocessable
hpp-20110930_pre.xml Edgar Link unprocessable
hpp201193010q.htm Edgar Link pending
hpp2011930ex311.htm Edgar Link pending
hpp2011930ex312.htm Edgar Link pending
hpp2011930ex32.htm Edgar Link pending
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