2012 Q2 Form 10-Q Financial Statement

#000148251212000030 Filed on May 09, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q1
Revenue $39.09M $36.77M $34.80M
YoY Change 17.02% 5.63% 216.92%
Cost Of Revenue $19.30M $15.50M $15.50M
YoY Change 26.14% 0.0% 171.93%
Gross Profit $19.70M $21.30M $19.40M
YoY Change 8.84% 9.79% 266.04%
Gross Profit Margin 50.39% 57.94% 55.74%
Selling, General & Admin $4.200M $4.500M $3.100M
YoY Change 35.48% 45.16%
% of Gross Profit 21.32% 21.13% 15.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.19M $12.13M $11.36M
YoY Change 24.15% 6.79% 320.78%
% of Gross Profit 66.96% 56.96% 58.56%
Operating Expenses $17.40M $16.10M $14.50M
YoY Change 27.01% 11.03% 437.04%
Operating Profit $2.405M $5.459M $4.844M
YoY Change -45.53% 12.7% 86.31%
Interest Expense $4.575M $4.891M $4.642M
YoY Change 0.99% 5.36% -344.32%
% of Operating Profit 190.23% 89.6% 95.83%
Other Income/Expense, Net $0.00 $0.00 -$100.0K
YoY Change -100.0% -100.0%
Pretax Income -$2.500M $200.0K $100.0K
YoY Change 1150.0% 100.0% -85.71%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings -$5.217M -$2.638M -$2.510M
YoY Change 148.31% 5.1% -476.88%
Net Earnings / Revenue -13.34% -7.18% -7.21%
Basic Earnings Per Share
Diluted Earnings Per Share -$55.28K $15.02K -$31.96K
COMMON SHARES
Basic Shares Outstanding 34.00M shares 34.00M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $102.5M $21.90M $38.30M
YoY Change 17.95% -42.82% 751.11%
Cash & Equivalents $102.5M $21.86M $38.27M
Short-Term Investments
Other Short-Term Assets $14.20M $13.60M $4.100M
YoY Change 153.57% 231.71% 127.78%
Inventory
Prepaid Expenses
Receivables $10.40M $8.100M $6.000M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $127.1M $43.60M $48.40M
YoY Change 22.33% -9.92% 505.0%
LONG-TERM ASSETS
Property, Plant & Equipment $1.098B $1.001B $832.4M
YoY Change 32.4% 20.25% 136.01%
Goodwill $8.754M $8.754M
YoY Change 0.0%
Intangibles $77.78M $78.94M
YoY Change 0.98%
Long-Term Investments
YoY Change
Other Assets $28.30M $27.80M $21.90M
YoY Change 27.48% 26.94% 163.86%
Total Long-Term Assets $1.213B $1.117B $945.4M
YoY Change 29.34% 18.14% 149.71%
TOTAL ASSETS
Total Short-Term Assets $127.1M $43.60M $48.40M
Total Long-Term Assets $1.213B $1.117B $945.4M
Total Assets $1.340B $1.161B $993.8M
YoY Change 28.64% 16.77% 157.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.90M $14.40M $15.50M
YoY Change 11.2% -7.1% 210.0%
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 $20.10M $20.50M $20.70M
YoY Change 12.29% -0.97% 187.5%
LONG-TERM LIABILITIES
Long-Term Debt $350.3M $361.1M $332.2M
YoY Change 27.38% 8.7% 118.55%
Other Long-Term Liabilities $52.60M $40.80M $85.30M
YoY Change 19.0% -52.17% 697.2%
Total Long-Term Liabilities $402.9M $401.9M $417.5M
YoY Change 26.22% -3.74% 156.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.10M $20.50M $20.70M
Total Long-Term Liabilities $402.9M $401.9M $417.5M
Total Liabilities $410.6M $410.0M $503.2M
YoY Change 26.45% -18.53% 196.17%
SHAREHOLDERS EQUITY
Retained Earnings -$21.38M -$16.25M
YoY Change 168.33%
Common Stock $472.0K $340.0K
YoY Change 40.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $858.7M $679.0M $490.6M
YoY Change
Total Liabilities & Shareholders Equity $1.340B $1.161B $993.8M
YoY Change 28.64% 16.77% 157.06%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income -$5.217M -$2.638M -$2.510M
YoY Change 148.31% 5.1% -476.88%
Depreciation, Depletion And Amortization $13.19M $12.13M $11.36M
YoY Change 24.15% 6.79% 320.78%
Cash From Operating Activities $10.40M $11.99M $11.57M
YoY Change 258.62% 3.62% 580.41%
INVESTING ACTIVITIES
Capital Expenditures -$100.4M -$3.100M -$3.700M
YoY Change 3246.67% -16.22% 68.18%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$8.900M
YoY Change -100.0%
Cash From Investing Activities -$100.4M -$11.97M -$3.652M
YoY Change 2131.11% 227.88% 66.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 170.7M $8.141M -$18.52M
YoY Change 239.36% -143.97% -840.68%
NET CHANGE
Cash From Operating Activities 10.40M $11.99M $11.57M
Cash From Investing Activities -100.4M -$11.97M -$3.652M
Cash From Financing Activities 170.7M $8.141M -$18.52M
Net Change In Cash 80.70M $8.153M -$10.60M
YoY Change 65.71% -176.9% -630.1%
FREE CASH FLOW
Cash From Operating Activities $10.40M $11.99M $11.57M
Capital Expenditures -$100.4M -$3.100M -$3.700M
Free Cash Flow $110.8M $15.09M $15.27M
YoY Change 1777.97% -1.19% 291.46%

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CY2012Q1 hpp Other Income Expense
OtherIncomeExpense
-4991000 USD
CY2012Q1 hpp Payment Of Other Stock Issuance Costs
PaymentOfOtherStockIssuanceCosts
1865000 USD
CY2011Q1 hpp Payment Of Other Stock Issuance Costs
PaymentOfOtherStockIssuanceCosts
600000 USD
CY2011Q1 hpp Payments Of Deferred Leasing Costs And Lease Intangibles
PaymentsOfDeferredLeasingCostsAndLeaseIntangibles
826000 USD
CY2012Q1 hpp Payments Of Deferred Leasing Costs And Lease Intangibles
PaymentsOfDeferredLeasingCostsAndLeaseIntangibles
631000 USD
CY2012Q1 hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
33320450 shares
CY2012Q1 dei Amendment Flag
AmendmentFlag
false
CY2012Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q1 dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001482512
CY2011 hpp Series B Cumulative Redeemable Preferred Stock Dividend Rate Percentage
SeriesBCumulativeRedeemablePreferredStockDividendRatePercentage
0.08375
CY2012Q1 hpp Series B Cumulative Redeemable Preferred Stock Dividend Rate Percentage
SeriesBCumulativeRedeemablePreferredStockDividendRatePercentage
0.08375
CY2012Q1 hpp Series B Cumulative Redeemable Preferred Stock Liquidation Preference Per Share
SeriesBCumulativeRedeemablePreferredStockLiquidationPreferencePerShare
25
CY2011Q4 hpp Series B Cumulative Redeemable Preferred Stock Liquidation Preference Per Share
SeriesBCumulativeRedeemablePreferredStockLiquidationPreferencePerShare
25
CY2012Q1 hpp Series B Cumulative Redeemable Preferred Stock Par Value Per Share
SeriesBCumulativeRedeemablePreferredStockParValuePerShare
0.01
CY2011Q4 hpp Series B Cumulative Redeemable Preferred Stock Par Value Per Share
SeriesBCumulativeRedeemablePreferredStockParValuePerShare
0.01
CY2011Q4 hpp Series B Cumulative Redeemable Preferred Stock Shares Authorized
SeriesBCumulativeRedeemablePreferredStockSharesAuthorized
10000000 shares
CY2012Q1 hpp Series B Cumulative Redeemable Preferred Stock Shares Authorized
SeriesBCumulativeRedeemablePreferredStockSharesAuthorized
10000000 shares
CY2011Q4 hpp Series B Cumulative Redeemable Preferred Stock Shares Outstanding
SeriesBCumulativeRedeemablePreferredStockSharesOutstanding
3500000 shares
CY2012Q1 hpp Series B Cumulative Redeemable Preferred Stock Shares Outstanding
SeriesBCumulativeRedeemablePreferredStockSharesOutstanding
5800000 shares
CY2011Q4 hpp Series B Cumulative Redeemable Preferred Stock Value Issued
SeriesBCumulativeRedeemablePreferredStockValueIssued
87500000 USD
CY2012Q1 hpp Series B Cumulative Redeemable Preferred Stock Value Issued
SeriesBCumulativeRedeemablePreferredStockValueIssued
145000000 USD
CY2011 hpp Temporary Equity Dividend Rate Percentage
TemporaryEquityDividendRatePercentage
0.06250
CY2012Q1 hpp Temporary Equity Dividend Rate Percentage
TemporaryEquityDividendRatePercentage
0.06250
CY2011Q1 hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
21949118 shares
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
34000480 shares
CY2012Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
Hudson Pacific Properties, Inc.

Files In Submission

Name View Source Status
0001482512-12-000030-index-headers.html Edgar Link pending
0001482512-12-000030-index.html Edgar Link pending
0001482512-12-000030.txt Edgar Link pending
0001482512-12-000030-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
hpp-20120331.xml Edgar Link completed
hpp-20120331.xsd Edgar Link pending
hpp-20120331_cal.xml Edgar Link unprocessable
hpp-20120331_def.xml Edgar Link unprocessable
hpp-20120331_lab.xml Edgar Link unprocessable
hpp-20120331_pre.xml Edgar Link unprocessable
hpp201233110q.htm Edgar Link pending
hpp2012331ex311.htm Edgar Link pending
hpp2012331ex312.htm Edgar Link pending
hpp2012331ex32.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending