2013 Q1 Form 10-K Financial Statement

#000148251213000012 Filed on March 14, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q4 2012
Revenue $0.00 $44.04M $0.00
YoY Change -100.0% 18.83% -100.0%
Cost Of Revenue $18.80M $21.00M $74.90M
YoY Change 21.29% 20.0% 15.59%
Gross Profit $28.60M $23.10M $85.52M
YoY Change 34.27% 18.46% 24.01%
Gross Profit Margin 52.45%
Selling, General & Admin $5.000M $3.700M $16.50M
YoY Change 11.11% -7.5% 26.92%
% of Gross Profit 17.48% 16.02% 19.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.43M $17.60M $54.76M
YoY Change 51.92% 50.43% 30.43%
% of Gross Profit 64.44% 76.19% 64.03%
Operating Expenses $23.50M $20.90M $71.30M
YoY Change 45.96% 33.12% 29.64%
Operating Profit $5.131M $2.200M $14.27M
YoY Change -6.01% -42.11% 2.32%
Interest Expense $5.592M -$4.900M $19.07M
YoY Change 14.33% 16.67% 9.1%
% of Operating Profit 108.98% -222.73% 133.67%
Other Income/Expense, Net $0.00 $100.0K $100.0K
YoY Change -200.0% -125.0%
Pretax Income -$400.0K -$2.900M -$5.500M
YoY Change -300.0% 123.08% -1.79%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.872M -$5.940M -$17.19M
YoY Change 8.87% 88.51% 64.75%
Net Earnings / Revenue -13.49%
Basic Earnings Per Share
Diluted Earnings Per Share $5.747K -$64.24K -$120.2K
COMMON SHARES
Basic Shares Outstanding 56.70M shares 47.22M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q1 2012 Q4 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $141.6M $18.90M $18.90M
YoY Change 546.58% 37.96% 37.96%
Cash & Equivalents $141.6M $18.90M $18.90M
Short-Term Investments
Other Short-Term Assets $3.300M $5.100M $3.900M
YoY Change -75.74% 13.33% 5.41%
Inventory
Prepaid Expenses
Receivables $13.90M $24.90M $24.90M
Other Receivables $0.00 $4.000M $4.000M
Total Short-Term Assets $158.8M $52.90M $51.70M
YoY Change 264.22% 94.49% 95.83%
LONG-TERM ASSETS
Property, Plant & Equipment $1.397B $1.340B $1.341B
YoY Change 39.51% 33.08% 33.07%
Goodwill $8.754M $8.754M
YoY Change 0.0% 0.0%
Intangibles $81.73M $81.01M
YoY Change 3.53% -3.71%
Long-Term Investments
YoY Change
Other Assets $37.50M $4.588M $77.10M
YoY Change 34.89% -81.94% 203.54%
Total Long-Term Assets $1.529B $1.507B $1.508B
YoY Change 36.85% 33.87% 33.88%
TOTAL ASSETS
Total Short-Term Assets $158.8M $52.90M $51.70M
Total Long-Term Assets $1.529B $1.507B $1.508B
Total Assets $1.687B $1.560B $1.560B
YoY Change 45.4% 35.3% 35.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.70M $18.60M $18.60M
YoY Change 50.69% 48.8% 48.8%
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 $28.00M $23.90M $23.90M
YoY Change 36.59% 31.32% 31.32%
LONG-TERM LIABILITIES
Long-Term Debt $530.0M $582.1M $582.1M
YoY Change 46.77% 45.56% 45.56%
Other Long-Term Liabilities $51.00M $44.00M $44.00M
YoY Change 25.0% -4.56% -4.56%
Total Long-Term Liabilities $581.0M $626.1M $626.1M
YoY Change 44.56% 40.38% 40.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.00M $23.90M $23.90M
Total Long-Term Liabilities $581.0M $626.1M $626.1M
Total Liabilities $596.5M $650.0M $719.5M
YoY Change 45.51% 43.92% 36.4%
SHAREHOLDERS EQUITY
Retained Earnings -$33.37M -$30.58M
YoY Change 105.44% 123.46%
Common Stock $567.0K $475.0K
YoY Change 66.76% 40.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.022B $840.2M $840.2M
YoY Change
Total Liabilities & Shareholders Equity $1.687B $1.560B $1.560B
YoY Change 45.4% 35.3% 35.3%

Cashflow Statement

Concept 2013 Q1 2012 Q4 2012
OPERATING ACTIVITIES
Net Income -$2.872M -$5.940M -$17.19M
YoY Change 8.87% 88.51% 64.75%
Depreciation, Depletion And Amortization $18.43M $17.60M $54.76M
YoY Change 51.92% 50.43% 30.43%
Cash From Operating Activities $15.11M $3.100M $42.82M
YoY Change 26.02% -22.5% 33.47%
INVESTING ACTIVITIES
Capital Expenditures -$19.50M -$221.5M -$419.5M
YoY Change 529.03% 249.92% 221.21%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$4.000M
YoY Change -100.0% -100.0%
Cash From Investing Activities -$19.54M -$221.5M -$423.5M
YoY Change 63.2% 267.94% 224.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $189.9M -$189.4M
YoY Change 70.63%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $127.1M 209.9M $385.8M
YoY Change 1461.17% 325.76% 509.05%
NET CHANGE
Cash From Operating Activities $15.11M 3.100M $42.82M
Cash From Investing Activities -$19.54M -221.5M -$423.5M
Cash From Financing Activities $127.1M 209.9M $385.8M
Net Change In Cash $122.7M -8.500M $5.199M
YoY Change 1404.45% 23.19% -114.78%
FREE CASH FLOW
Cash From Operating Activities $15.11M $3.100M $42.82M
Capital Expenditures -$19.50M -$221.5M -$419.5M
Free Cash Flow $34.61M $224.6M $462.3M
YoY Change 129.38% 233.73% 184.19%

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CY2012Q4 us-gaap Loans Receivable Basis Spread On Variable Rate
LoansReceivableBasisSpreadOnVariableRate
0.13
CY2012 us-gaap Loans Receivable Description Of Variable Rate Basis
LoansReceivableDescriptionOfVariableRateBasis
LIBOR
CY2011Q4 us-gaap Long Term Debt
LongTermDebt
399871000 USD
CY2012Q4 us-gaap Long Term Debt
LongTermDebt
582085000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
294931000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
107731000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
3456000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
92481000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
43498000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
38787000 USD
CY2010 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
828000 USD
CY2011 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
0 USD
CY2012 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
-5538000 USD
CY2010 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
50000 USD
CY2011 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
231000 USD
CY2012 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
295000 USD
CY2010Q1 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
0 USD
CY2010Q3 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
25000 USD
CY2010Q4 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
25000 USD
CY2010Q2 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
0 USD
CY2011Q4 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
54000 USD
CY2011Q2 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
62000 USD
CY2011Q1 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
62000 USD
CY2011Q3 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
53000 USD
CY2012Q1 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
78000 USD
CY2012Q4 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
69000 USD
CY2012Q3 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
69000 USD
CY2012Q2 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
79000 USD
CY2010 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
817000 USD
CY2011 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
8108000 USD
CY2012 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
12924000 USD
CY2010Q3 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
195000 USD
CY2010Q4 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
622000 USD
CY2010Q2 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
4000 USD
CY2010Q1 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
0 USD
CY2011Q4 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
2027000 USD
CY2011Q3 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
2027000 USD
CY2011Q2 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
2027000 USD
CY2011Q1 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
2027000 USD
CY2012Q1 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
3231000 USD
CY2012Q3 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
3231000 USD
CY2012Q2 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
3231000 USD
CY2012Q4 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
3231000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
385848000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
63352000 USD
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
279718000 USD
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-242156000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-130604000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-423470000 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7619000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42821000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
32082000 USD
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-10434000 USD
CY2012 us-gaap Net Income Loss
NetIncomeLoss
-17190000 USD
CY2010 us-gaap Net Income Loss
NetIncomeLoss
-3250000 USD
CY2010Q1 us-gaap Net Income Loss
NetIncomeLoss
666000 USD
CY2010Q2 us-gaap Net Income Loss
NetIncomeLoss
-2563000 USD
CY2010Q3 us-gaap Net Income Loss
NetIncomeLoss
-172000 USD
CY2010Q4 us-gaap Net Income Loss
NetIncomeLoss
-1185000 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
-2672000 USD
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
-2510000 USD
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
-3151000 USD
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
-2101000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-3395000 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-5940000 USD
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-2638000 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-5217000 USD
CY2010 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
119000 USD
CY2011 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
803000 USD
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-21000 USD
CY2010Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000 USD
CY2010Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2010Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
148000 USD
CY2010Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-32000 USD
CY2011Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
813000 USD
CY2011Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-10000 USD
CY2011Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2011Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2012Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-21000 USD
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2012Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2012Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2012Q4 us-gaap Notes Payable
NotesPayable
582085000 USD
CY2011Q4 us-gaap Notes Payable
NotesPayable
399871000 USD
CY2012 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2011Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
22861000 USD
CY2012Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
31560000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
14718000 USD
CY2010 us-gaap Operating Income Loss
OperatingIncomeLoss
10208000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
17305000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
607158000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
104126000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
71413000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
89453000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
94944000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
100547000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
146675000 USD
CY2011Q4 us-gaap Other Assets
OtherAssets
1413000 USD
CY2012Q4 us-gaap Other Assets
OtherAssets
1091000 USD
CY2011 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
967000 USD
CY2011 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2010 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2012 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5322000 USD
CY2010 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3862000 USD
CY2011 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4850000 USD
CY2010 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
1703000 USD
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
429000 USD
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2675000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5435000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3205000 USD
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-74000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-28000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
457000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1041000 USD
CY2012 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
-92000 USD
CY2011 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
443000 USD
CY2010 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
192000 USD
CY2011 us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
OtherSignificantNoncashTransactionValueOfConsiderationReceived1
0 USD
CY2010 us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
OtherSignificantNoncashTransactionValueOfConsiderationReceived1
0 USD
CY2012 us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
OtherSignificantNoncashTransactionValueOfConsiderationReceived1
1481000 USD
CY2010 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
11629000 USD
CY2012 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
27150000 USD
CY2011 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
16385000 USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1385000 USD
CY2011 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
432000 USD
CY2012 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
CY2011 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16704000 USD
CY2012 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
23199000 USD
CY2010 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
4773000 USD
CY2010 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
816000 USD
CY2011 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
8108000 USD
CY2012 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
12924000 USD
CY2010 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2012 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
727000 USD
CY2011 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2061000 USD
CY2010 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 USD
CY2012 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
4000000 USD
CY2011 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 USD
CY2011 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
114219000 USD
CY2010 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
230527000 USD
CY2012 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
392320000 USD
CY2012 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
2.09376
CY2011Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
4498000 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
4588000 USD
CY2011Q4 us-gaap Prepaid Insurance
PrepaidInsurance
2259000 USD
CY2012Q4 us-gaap Prepaid Insurance
PrepaidInsurance
2809000 USD
CY2011Q4 us-gaap Prepaid Taxes
PrepaidTaxes
69000 USD
CY2012Q4 us-gaap Prepaid Taxes
PrepaidTaxes
48000 USD
CY2011 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
CY2010 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
4122000 USD
CY2012 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
CY2010 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
232720000 USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
111008000 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
190798000 USD
CY2012 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
CY2010 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
20000000 USD
CY2011 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
45688000 USD
CY2010 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
ProceedsFromIssuanceOfRedeemablePreferredStock
87500000 USD
CY2012 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
ProceedsFromIssuanceOfRedeemablePreferredStock
57500000 USD
CY2011 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
ProceedsFromIssuanceOfRedeemablePreferredStock
0 USD
CY2012 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
326738000 USD
CY2010 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
116385000 USD
CY2011 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
365500000 USD
CY2012 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
0 USD
CY2011 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-41131000 USD
CY2010 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-828000 USD
CY2011 us-gaap Profit Loss
ProfitLoss
-2238000 USD
CY2012 us-gaap Profit Loss
ProfitLoss
-5006000 USD
CY2010 us-gaap Profit Loss
ProfitLoss
-2682000 USD
CY2010Q2 us-gaap Profit Loss
ProfitLoss
-2847000 USD
CY2010Q4 us-gaap Profit Loss
ProfitLoss
-531000 USD
CY2010Q1 us-gaap Profit Loss
ProfitLoss
669000 USD
CY2010Q3 us-gaap Profit Loss
ProfitLoss
27000 USD
CY2011Q1 us-gaap Profit Loss
ProfitLoss
93000 USD
CY2011Q2 us-gaap Profit Loss
ProfitLoss
-210000 USD
CY2011Q3 us-gaap Profit Loss
ProfitLoss
-803000 USD
CY2011Q4 us-gaap Profit Loss
ProfitLoss
-1318000 USD
CY2012Q1 us-gaap Profit Loss
ProfitLoss
468000 USD
CY2012Q4 us-gaap Profit Loss
ProfitLoss
-2971000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
-274000 USD
CY2012Q2 us-gaap Profit Loss
ProfitLoss
-2229000 USD
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
724000 USD
CY2010 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
36000 USD
CY2011 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
946000 USD
CY2010Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
27113000 USD
CY2009Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
16329000 USD
CY2011Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
53329000 USD
CY2012Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
85184000 USD
CY2012 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
34675000 USD
CY2011 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
26727000 USD
CY2010 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
10784000 USD
CY2010 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 USD
CY2011 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
511000 USD
CY2012 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
2820000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Accumulated Depreciation
RealEstateAndAccumulatedDepreciationAccumulatedDepreciation
85184000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
525884000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
982733000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
493211000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovements
1475944000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
5919000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
89714000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
887100000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
493211000 USD
CY2012 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 USD
CY2010 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 USD
CY2011 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 USD
CY2011Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1060504000 USD
CY2012Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1475955000 USD
CY2010Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
864735000 USD
CY2009Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
428414000 USD
CY2012 us-gaap Real Estate Improvements
RealEstateImprovements
27901000 USD
CY2010 us-gaap Real Estate Improvements
RealEstateImprovements
15059000 USD
CY2011 us-gaap Real Estate Improvements
RealEstateImprovements
14354000 USD
CY2012Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
85184000 USD
CY2011Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
53329000 USD
CY2011Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1060504000 USD
CY2012Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1475955000 USD
CY2012Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1390771000 USD
CY2011Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1007175000 USD
CY2012 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
390370000 USD
CY2010 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
421262000 USD
CY2011 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
181926000 USD
CY2010 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
0 USD
CY2012 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
2820000 USD
CY2011 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
511000 USD
CY2010 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
60640000 USD
CY2012 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
166156000 USD
CY2011 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
142189000 USD
CY2010Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
17505000 USD
CY2010Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
10982000 USD
CY2010Q4 us-gaap Real Estate Revenue Net
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21090000 USD
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, the Company evaluates its estimates, including those related to acquiring, developing and assessing the carrying values of its real estate properties, its accrued liabilities, and its performance-based equity compensation awards. The Company bases its estimates on historical experience, current market conditions, and various other assumptions that are believed to be reasonable under the circumstances. Actual results could materially differ from these estimates.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
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179000 USD
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203000 USD
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310000 USD
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322000 USD
CY2012 hpp Net Income Loss Attributable To Parent Including Redemptions Or Purchase Of Interests
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CY2012Q4 hpp Noncontrolling Interest Ownership By Noncontrolling Owners Amount
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CY2011Q4 hpp Off Market Lease Unfavorable Accumulated Accretion
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CY2010 hpp Payment Of Other Stock Issuance Costs
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CY2011 hpp Payments Of Deferred Leasing Costs And Lease Intangibles
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CY2012 hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries
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CY2011 hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries
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CY2010 hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries
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CY2012 hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries And Non Controlling Interest In Operating Partnership
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CY2011 hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries And Non Controlling Interest In Operating Partnership
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CY2011Q4 hpp Series B Cumulative Redeemable Preferred Stock Value Issued
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CY2012Q4 hpp Series B Cumulative Redeemable Preferred Stock Value Issued
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145000000 USD
CY2012 hpp Stock Issued During Period Value New Issues Unrestricted Shares
StockIssuedDuringPeriodValueNewIssuesUnrestrictedShares
0 USD
CY2011 hpp Weighted Average Number Shares Outstanding Basic And Diluted
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CY2012 hpp Weighted Average Number Shares Outstanding Basic And Diluted
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CY2010Q4 hpp Weighted Average Number Shares Outstanding Basic And Diluted
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CY2011Q1 hpp Weighted Average Number Shares Outstanding Basic And Diluted
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CY2012Q4 hpp Weighted Average Number Shares Outstanding Basic And Diluted
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CY2012Q1 hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
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CY2012Q2 hpp Weighted Average Number Shares Outstanding Basic And Diluted
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39772030 shares
CY2012Q3 hpp Weighted Average Number Shares Outstanding Basic And Diluted
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CY2012 dei Amendment Flag
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CY2012 dei Current Fiscal Year End Date
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CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001482512
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
56698156 shares
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2012Q2 dei Entity Public Float
EntityPublicFloat
591200000 USD
CY2012 dei Entity Registrant Name
EntityRegistrantName
Hudson Pacific Properties, Inc.
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

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