2013 Q4 Form 10-Q Financial Statement

#000148251213000045 Filed on November 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $57.42M $53.35M $40.57M
YoY Change 30.38% 31.51% 9.88%
Cost Of Revenue $25.30M $22.90M $19.10M
YoY Change 20.48% 19.9% 1.06%
Gross Profit $32.20M $30.40M $21.40M
YoY Change 39.39% 42.06% 18.89%
Gross Profit Margin 56.08% 56.98% 52.75%
Selling, General & Admin $4.800M $5.000M $4.100M
YoY Change 29.73% 21.95% 46.43%
% of Gross Profit 14.91% 16.45% 19.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.00M $20.26M $12.81M
YoY Change -3.41% 58.15% 16.06%
% of Gross Profit 52.8% 66.63% 59.85%
Operating Expenses $21.70M $25.30M $16.90M
YoY Change 3.83% 49.7% 21.58%
Operating Profit $10.50M $5.170M $4.530M
YoY Change 377.27% 14.13% 9.71%
Interest Expense -$6.800M $7.319M $4.511M
YoY Change 38.78% 62.25% 10.75%
% of Operating Profit -64.76% 141.57% 99.58%
Other Income/Expense, Net $100.0K $0.00 $100.0K
YoY Change 0.0% -100.0% -200.0%
Pretax Income $3.300M -$2.600M -$200.0K
YoY Change -213.79% 1200.0% -75.0%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$83.00K -$5.694M -$3.395M
YoY Change -98.6% 67.72% 27.06%
Net Earnings / Revenue -0.14% -10.67% -8.37%
Basic Earnings Per Share
Diluted Earnings Per Share $56.84K -$46.35K -$6.424K
COMMON SHARES
Basic Shares Outstanding 56.71M shares 56.71M shares 47.22M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.40M $29.30M $27.30M
YoY Change 60.85% 7.33% 31.88%
Cash & Equivalents $30.36M $29.34M $27.29M
Short-Term Investments
Other Short-Term Assets $5.700M $6.200M $6.600M
YoY Change 11.76% -6.06% -28.26%
Inventory
Prepaid Expenses
Receivables $28.60M $31.50M $8.800M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $64.70M $67.00M $42.70M
YoY Change 22.31% 56.91% 4.91%
LONG-TERM ASSETS
Property, Plant & Equipment $1.845B $1.893B $1.184B
YoY Change 37.62% 59.94% 29.76%
Goodwill $8.754M $8.754M $8.754M
YoY Change 0.0% 0.0% 0.0%
Intangibles $111.4M $107.0M $74.39M
YoY Change 37.51% 43.89% -5.77%
Long-Term Investments
YoY Change
Other Assets $5.170M $26.00M $31.10M
YoY Change 12.69% -16.4% 32.34%
Total Long-Term Assets $2.067B $2.035B $1.302B
YoY Change 37.15% 56.31% 27.2%
TOTAL ASSETS
Total Short-Term Assets $64.70M $67.00M $42.70M
Total Long-Term Assets $2.067B $2.035B $1.302B
Total Assets $2.131B $2.102B $1.345B
YoY Change 36.65% 56.33% 26.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.10M $39.30M $22.90M
YoY Change 40.32% 71.62% 21.81%
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 $31.80M $45.40M $28.90M
YoY Change 33.05% 57.09% 17.96%
LONG-TERM LIABILITIES
Long-Term Debt $888.3M $891.2M $359.5M
YoY Change 52.6% 147.9% 20.35%
Other Long-Term Liabilities $97.80M $67.70M $48.30M
YoY Change 122.27% 40.17% 9.28%
Total Long-Term Liabilities $986.1M $958.9M $407.8M
YoY Change 57.5% 135.14% 18.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $31.80M $45.40M $28.90M
Total Long-Term Liabilities $986.1M $958.9M $407.8M
Total Liabilities $1.018B $991.8M $424.2M
YoY Change 56.61% 133.81% 19.52%
SHAREHOLDERS EQUITY
Retained Earnings -$45.11M -$45.10M -$24.71M
YoY Change 47.52% 82.53% 133.37%
Common Stock $572.0K $567.0K $472.0K
YoY Change 20.42% 20.13% 40.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.003B $997.7M $850.3M
YoY Change
Total Liabilities & Shareholders Equity $2.131B $2.102B $1.345B
YoY Change 36.65% 56.33% 26.35%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income -$83.00K -$5.694M -$3.395M
YoY Change -98.6% 67.72% 27.06%
Depreciation, Depletion And Amortization $17.00M $20.26M $12.81M
YoY Change -3.41% 58.15% 16.06%
Cash From Operating Activities -$2.400M $12.90M $17.30M
YoY Change -177.42% -25.43% 27.21%
INVESTING ACTIVITIES
Capital Expenditures -$33.50M -$394.9M -$94.50M
YoY Change -84.88% 317.88% 55.94%
Acquisitions
YoY Change
Other Investing Activities $0.00 $73.00M $4.900M
YoY Change 1389.8% -426.67%
Cash From Investing Activities -$33.50M -$321.9M -$89.60M
YoY Change -84.88% 259.26% 44.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 36.90M 241.9M -2.900M
YoY Change -82.42% -8441.38% -83.62%
NET CHANGE
Cash From Operating Activities -2.400M 12.90M 17.30M
Cash From Investing Activities -33.50M -321.9M -89.60M
Cash From Financing Activities 36.90M 241.9M -2.900M
Net Change In Cash 1.000M -67.10M -75.20M
YoY Change -111.76% -10.77% 13.42%
FREE CASH FLOW
Cash From Operating Activities -$2.400M $12.90M $17.30M
Capital Expenditures -$33.50M -$394.9M -$94.50M
Free Cash Flow $31.10M $407.8M $111.8M
YoY Change -86.15% 264.76% 50.67%

Facts In Submission

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CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2102296000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1559692000 USD
CY2012Q4 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
1205000 USD
CY2013Q3 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
0 USD
CY2012Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
4000000 USD
CY2013Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
0 USD
CY2012Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
4000000 USD
CY2012Q3 us-gaap Loans Receivable Basis Spread On Variable Rate
LoansReceivableBasisSpreadOnVariableRate
0.13
CY2012Q3 us-gaap Loans Receivable Description Of Variable Rate Basis
LoansReceivableDescriptionOfVariableRateBasis
LIBOR
CY2013Q3 us-gaap Long Term Debt
LongTermDebt
891175000 USD
CY2012Q4 us-gaap Long Term Debt
LongTermDebt
582085000 USD
CY2013Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
5060000 USD
CY2013Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
220514000 USD
CY2013Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
59240000 USD
CY2013Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
51729000 USD
CY2013Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1030000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
425000 USD
us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
229000 USD
CY2012Q3 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
69000 USD
us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
226000 USD
CY2013Q3 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
71000 USD
us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
9693000 USD
CY2013Q3 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
us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
MinorityInterestInNetIncomeLossPreferredUnitHolders
9693000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
175857000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
356970000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-390465000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-201964000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39690000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
43932000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-3395000 USD
us-gaap Net Income Loss
NetIncomeLoss
-11250000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-5694000 USD
us-gaap Net Income Loss
NetIncomeLoss
-14750000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-399000 USD
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-118000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2012Q4 us-gaap Notes Payable
NotesPayable
582085000 USD
CY2013Q3 us-gaap Notes Payable
NotesPayable
891175000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segments
CY2013Q3 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
47667000 USD
CY2012Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
31560000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
12092000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
17553000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
4530000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
5170000 USD
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
1100349000 USD
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
31486000 USD
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
116954000 USD
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
137498000 USD
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
141716000 USD
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
130431000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
425000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
731000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6594000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-346000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2460000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3598000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-11000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-116000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
847000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
436000 USD
CY2012Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
-125000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
-35000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
41000 USD
CY2013Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
-13000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
13667000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
53576000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
503000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
650000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3054000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1703000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
425000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
389883000 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
4588000 USD
CY2013Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
6209000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
189888000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
190798000 USD
us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
ProceedsFromIssuanceOfRedeemablePreferredStock
57500000 USD
us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
ProceedsFromIssuanceOfRedeemablePreferredStock
0 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
93000000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
369361000 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
0 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
0 USD
CY2013Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
104609000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16992000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22161000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
9693000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
9693000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
392000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
485000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
4000000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
184297000 USD
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
52994000 USD
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
0 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
-2752000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
-274000 USD
us-gaap Profit Loss
ProfitLoss
-2035000 USD
us-gaap Profit Loss
ProfitLoss
-5863000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
176000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
489000 USD
CY2012Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
54608000 USD
CY2013Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
0 USD
CY2012Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
80303000 USD
CY2013Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1997993000 USD
CY2012Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1420664000 USD
CY2013Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1893384000 USD
CY2012Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1340361000 USD
CY2013Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
53348000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
148141000 USD
CY2012Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
40566000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
116424000 USD
CY2012Q1 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
155878 shares
CY2012Q4 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
72500 shares
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
132844000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
167255000 USD
CY2013Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17679000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
14322000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-30580000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-45101000 USD
us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
0 USD
us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
0 USD
CY2012Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
5291000 USD
CY2013Q3 us-gaap Security Deposit Liability
SecurityDepositLiability
6083000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4974000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3198000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
650000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
997728000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
840213000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1098058000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
897222000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
688669000 USD
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
908176000 USD
us-gaap Straight Line Rent
StraightLineRent
3246000 USD
us-gaap Straight Line Rent
StraightLineRent
7632000 USD
CY2012Q4 us-gaap Tenant Improvements
TenantImprovements
75094000 USD
CY2013Q3 us-gaap Tenant Improvements
TenantImprovements
93932000 USD
us-gaap Use Of Estimates
UseOfEstimates
<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>
hpp Accounts Payable And Accrued Liabilities For Investment In Property
AccountsPayableAndAccruedLiabilitiesForInvestmentInProperty
6204000 USD
hpp Accounts Payable And Accrued Liabilities For Investment In Property
AccountsPayableAndAccruedLiabilitiesForInvestmentInProperty
3411000 USD
hpp Amortization Of Above Market Leases
AmortizationOfAboveMarketLeases
2736000 USD
hpp Amortization Of Above Market Leases
AmortizationOfAboveMarketLeases
1999000 USD
hpp Amortization Of Below Market Leases
AmortizationOfBelowMarketLeases
-6343000 USD
hpp Amortization Of Below Market Leases
AmortizationOfBelowMarketLeases
-5091000 USD
hpp Amortization Of Ground Lease
AmortizationOfGroundLease
185000 USD
hpp Amortization Of Ground Lease
AmortizationOfGroundLease
185000 USD
CY2013Q3 hpp Long Term Debt Maturities Repayments Of Principal In Year Six
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix
290230000 USD
CY2013Q3 hpp Business Acquisition Cost Of Acquired Entity Non Controlling Interest Portion
BusinessAcquisitionCostOfAcquiredEntityNonControllingInterestPortion
45704000 USD
CY2012Q3 hpp Business Acquisition Cost Of Acquired Entity Non Controlling Interest Portion
BusinessAcquisitionCostOfAcquiredEntityNonControllingInterestPortion
1481000 USD
CY2012Q4 hpp Business Acquisition Cost Of Acquired Entity Non Controlling Interest Portion
BusinessAcquisitionCostOfAcquiredEntityNonControllingInterestPortion
1481000 USD
CY2012Q4 hpp Business Acquisition Purchase Price Allocation Above Market Leases
BusinessAcquisitionPurchasePriceAllocationAboveMarketLeases
167000 USD
CY2012Q4 hpp Business Acquisition Purchase Price Allocation Below Market Leases
BusinessAcquisitionPurchasePriceAllocationBelowMarketLeases
-16018000 USD
CY2013Q3 hpp Business Acquisition Purchase Price Allocation Below Market Leases
BusinessAcquisitionPurchasePriceAllocationBelowMarketLeases
-22449000 USD
CY2013Q3 hpp Business Acquisition Purchase Price Allocation Fair Market Unfavorable Debt Value
BusinessAcquisitionPurchasePriceAllocationFairMarketUnfavorableDebtValue
-5820000 USD
CY2012Q4 hpp Business Acquisition Purchase Price Allocation Investment In Real Estate Net
BusinessAcquisitionPurchasePriceAllocationInvestmentInRealEstateNet
390370000 USD
CY2013Q3 hpp Business Acquisition Purchase Price Allocation Investment In Real Estate Net
BusinessAcquisitionPurchasePriceAllocationInvestmentInRealEstateNet
538322000 USD
CY2012Q4 hpp Business Acquisition Purchase Price Allocation Lease In Place
BusinessAcquisitionPurchasePriceAllocationLeaseInPlace
16099000 USD
CY2012Q4 hpp Business Acquisition Purchase Price Allocation Other Lease Intangibles
BusinessAcquisitionPurchasePriceAllocationOtherLeaseIntangibles
4072000 USD
CY2013Q3 hpp Business Acquisition Purchase Price Allocation Other Lease Intangibles
BusinessAcquisitionPurchasePriceAllocationOtherLeaseIntangibles
34256000 USD
CY2013Q3 hpp Business Acquisition Purchase Price Allocation Other Liabilities Asset Assumed Net
BusinessAcquisitionPurchasePriceAllocationOtherLiabilitiesAssetAssumedNet
-2423000 USD
CY2012Q3 hpp Business Acquisition Purchase Price Allocation Other Liabilities Asset Assumed Net
BusinessAcquisitionPurchasePriceAllocationOtherLiabilitiesAssetAssumedNet
-889000 USD
CY2012Q4 hpp Business Acquisition Purchase Price Allocation Other Liabilities Asset Assumed Net
BusinessAcquisitionPurchasePriceAllocationOtherLiabilitiesAssetAssumedNet
-889000 USD
CY2013Q3 hpp Business Combinations Costof Acquired Notes Receivable
BusinessCombinationsCostofAcquiredNotesReceivable
4000000 USD
hpp Capitalized Costs Personnel
CapitalizedCostsPersonnel
1500000 USD
CY2012Q3 hpp Capitalized Costs Personnel
CapitalizedCostsPersonnel
300000 USD
hpp Capitalized Costs Personnel
CapitalizedCostsPersonnel
700000 USD
CY2013Q3 hpp Capitalized Costs Personnel
CapitalizedCostsPersonnel
500000 USD
CY2012Q3 hpp Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnerships
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnerships
-183000 USD
hpp Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnerships
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnerships
-729000 USD
CY2013Q3 hpp Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnerships
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnerships
-276000 USD
hpp Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnerships
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnerships
-665000 USD
hpp Construction Costs Capitalization Period After Substantially Complete
ConstructionCostsCapitalizationPeriodAfterSubstantiallyComplete
P1Y
hpp Debt Instrument Duration Used In Interest Rate Calculation
DebtInstrumentDurationUsedInInterestRateCalculation
P360D
hpp Debt Instrument Periodic Payment Debt Service Payment Term
DebtInstrumentPeriodicPaymentDebtServicePaymentTerm
P30Y
hpp Depreciation Depletionand Amortizationincluding Discontinued Operations
DepreciationDepletionandAmortizationincludingDiscontinuedOperations
39422000 USD
hpp Depreciation Depletionand Amortizationincluding Discontinued Operations
DepreciationDepletionandAmortizationincludingDiscontinuedOperations
53858000 USD
CY2013Q3 hpp Goodwill Impairment Indicators
GoodwillImpairmentIndicators
0 indicator
CY2012Q3 hpp Goodwill Impairment Indicators
GoodwillImpairmentIndicators
0 indicator
CY2013Q3 hpp Ground Leases Future Minimum Payments
GroundLeasesFutureMinimumPayments
58264000 USD
CY2013Q3 hpp Ground Leases Future Minimum Payments Current
GroundLeasesFutureMinimumPaymentsCurrent
354000 USD
CY2013Q3 hpp Ground Leases Future Minimum Payments In Five Years
GroundLeasesFutureMinimumPaymentsInFiveYears
1417000 USD
CY2013Q3 hpp Ground Leases Future Minimum Payments In Four Years
GroundLeasesFutureMinimumPaymentsInFourYears
1417000 USD
CY2013Q3 hpp Ground Leases Future Minimum Payments In Six Years
GroundLeasesFutureMinimumPaymentsInSixYears
1417000 USD
CY2013Q3 hpp Ground Leases Future Minimum Payments In Three Years
GroundLeasesFutureMinimumPaymentsInThreeYears
1417000 USD
CY2013Q3 hpp Ground Leases Future Minimum Payments In Two Years
GroundLeasesFutureMinimumPaymentsInTwoYears
1417000 USD
CY2013Q3 hpp Ground Leases Future Minimum Payments Thereafter
GroundLeasesFutureMinimumPaymentsThereafter
50825000 USD
CY2012Q3 hpp Loans And Leases Receivable Net Area Of Real Estate Property
LoansAndLeasesReceivableNetAreaOfRealEstateProperty
63376 sqft
CY2012Q3 hpp Loans Receivable Basis Spread On Variable Rate Basis Point Floor
LoansReceivableBasisSpreadOnVariableRateBasisPointFloor
0.01
CY2012Q3 hpp Loans Receivable Extension Options Number
LoansReceivableExtensionOptionsNumber
3 lease_extension_option
CY2012Q3 hpp Loans Receivable Extension Options Term
LoansReceivableExtensionOptionsTerm
P1Y
CY2013Q3 hpp Long Term Debt Maturities Repayments Of Principal After Year Six
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearSix
257485000 USD
hpp Payment Of Other Stock Issuance Costs
PaymentOfOtherStockIssuanceCosts
0 USD
hpp Payment Of Other Stock Issuance Costs
PaymentOfOtherStockIssuanceCosts
1870000 USD
hpp Payments Of Deferred Leasing Costs And Lease Intangibles
PaymentsOfDeferredLeasingCostsAndLeaseIntangibles
13440000 USD
hpp Payments Of Deferred Leasing Costs And Lease Intangibles
PaymentsOfDeferredLeasingCostsAndLeaseIntangibles
3679000 USD
hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries
ProfitLossExcludingGainsLossesOfRedeemableNoncontrollingInterestsInPartiallyOwnedConsolidatedSubsidiaries
-6448000 USD
hpp Members Equity Contributions
MembersEquityContributions
45704000 USD
CY2012Q3 hpp Net Income Loss Attributable To Common Units Operating Partnership
NetIncomeLossAttributableToCommonUnitsOperatingPartnership
179000 USD
hpp Net Income Loss Attributable To Common Units Operating Partnership
NetIncomeLossAttributableToCommonUnitsOperatingPartnership
636000 USD
hpp Net Income Loss Attributable To Common Units Operating Partnership
NetIncomeLossAttributableToCommonUnitsOperatingPartnership
704000 USD
CY2013Q3 hpp Net Income Loss Attributable To Common Units Operating Partnership
NetIncomeLossAttributableToCommonUnitsOperatingPartnership
242000 USD
hpp Net Income Loss Attributable To Parent Including Redemptions Or Purchase Of Interests
NetIncomeLossAttributableToParentIncludingRedemptionsOrPurchaseOfInterests
-5413000 USD
hpp Net Income Loss Attributable To Parent Including Redemptions Or Purchase Of Interests
NetIncomeLossAttributableToParentIncludingRedemptionsOrPurchaseOfInterests
1864000 USD
CY2012Q4 hpp Noncontrolling Interest Decrease From Redemptions Or Purchase Of Interests Amount
NoncontrollingInterestDecreaseFromRedemptionsOrPurchaseOfInterestsAmount
72500 shares
CY2012Q1 hpp Noncontrolling Interest Decrease From Redemptions Or Purchase Of Interests Amount
NoncontrollingInterestDecreaseFromRedemptionsOrPurchaseOfInterestsAmount
155878 shares
CY2012Q1 hpp Noncontrolling Interest Ownership By Noncontrolling Owners Amount
NoncontrollingInterestOwnershipByNoncontrollingOwnersAmount
2610941 shares
CY2013Q3 hpp Noncontrolling Interest Ownership By Noncontrolling Owners Amount
NoncontrollingInterestOwnershipByNoncontrollingOwnersAmount
2382563 shares
CY2012Q4 hpp Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
1 property
CY2013Q3 hpp Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
0 property
CY2012Q1 hpp Numberof Common Unit Holders
NumberofCommonUnitHolders
1 common_unit_holder
CY2012Q4 hpp Numberof Common Unit Holders
NumberofCommonUnitHolders
1 common_unit_holder
CY2013Q3 hpp Numberof Derivativesina Liability Position
NumberofDerivativesinaLiabilityPosition
1 derivative
CY2013Q3 hpp Numberof Entities Comprising Predecessor
NumberofEntitiesComprisingPredecessor
1 entity
CY2013Q3 hpp Numberof Subsidiaries
NumberofSubsidiaries
1 subsidiary
CY2013Q3 hpp Off Market Lease Unfavorable Accumulated Accretion
OffMarketLeaseUnfavorableAccumulatedAccretion
19874000 USD
CY2012Q4 hpp Off Market Lease Unfavorable Accumulated Accretion
OffMarketLeaseUnfavorableAccumulatedAccretion
14482000 USD
CY2012Q4 hpp Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
46042000 USD
CY2013Q3 hpp Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
67541000 USD
CY2013Q3 hpp Operating Leases Future Minimum Payments Receivable After Six Years
OperatingLeasesFutureMinimumPaymentsReceivableAfterSixYears
439587000 USD
CY2013Q3 hpp Operating Leases Future Minimum Payments Receivable In Six Years
OperatingLeasesFutureMinimumPaymentsReceivableInSixYears
102677000 USD
hpp Other Income Expense
OtherIncomeExpense
-14608000 USD
CY2013Q3 hpp Other Income Expense
OtherIncomeExpense
-7767000 USD
CY2012Q3 hpp Other Income Expense
OtherIncomeExpense
-4699000 USD
hpp Other Income Expense
OtherIncomeExpense
-19444000 USD
hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries
ProfitLossExcludingGainsLossesOfRedeemableNoncontrollingInterestsInPartiallyOwnedConsolidatedSubsidiaries
-2620000 USD
hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries And Non Controlling Interest In Operating Partnership
ProfitLossExcludingGainsLossesOfRedeemableNoncontrollingInterestsInPartiallyOwnedConsolidatedSubsidiariesAndNonControllingInterestInOperatingPartnership
-1916000 USD
hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries And Non Controlling Interest In Operating Partnership
ProfitLossExcludingGainsLossesOfRedeemableNoncontrollingInterestsInPartiallyOwnedConsolidatedSubsidiariesAndNonControllingInterestInOperatingPartnership
-5413000 USD
hpp Segment Reporting Information Intersegment Transfers
SegmentReportingInformationIntersegmentTransfers
0 USD
hpp Segment Reporting Information Intersegment Transfers
SegmentReportingInformationIntersegmentTransfers
0 USD
CY2012Q4 hpp Series B Cumulative Redeemable Preferred Stock Value Issued
SeriesBCumulativeRedeemablePreferredStockValueIssued
145000000 USD
CY2013Q3 hpp Series B Cumulative Redeemable Preferred Stock Value Issued
SeriesBCumulativeRedeemablePreferredStockValueIssued
145000000 USD
hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
54815763 shares
hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
39945249 shares
CY2012Q3 hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
46668862 shares
CY2013Q3 hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
56144099 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001482512
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
56712744 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Hudson Pacific Properties, Inc.

Files In Submission

Name View Source Status
0001482512-13-000045-index-headers.html Edgar Link pending
0001482512-13-000045-index.html Edgar Link pending
0001482512-13-000045.txt Edgar Link pending
0001482512-13-000045-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hpp-20130930.xml Edgar Link completed
hpp-20130930.xsd Edgar Link pending
hpp-20130930_cal.xml Edgar Link unprocessable
hpp-20130930_def.xml Edgar Link unprocessable
hpp-20130930_lab.xml Edgar Link unprocessable
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