$HPP
Hudson Pacific Properties Inc

2014 Q3 Form 10-Q Financial Statement

#000148251214000033 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $68.16M $62.13M $47.39M
YoY Change 27.76% 31.1% 21.22%
Cost Of Revenue $31.40M $24.40M $20.60M
YoY Change 37.12% 18.45% 6.74%
Gross Profit $36.80M $37.70M $26.80M
YoY Change 21.05% 40.67% 36.04%
Gross Profit Margin 53.99% 60.68% 56.55%
Selling, General & Admin $6.800M $6.600M $5.200M
YoY Change 36.0% 26.92% 23.81%
% of Gross Profit 18.48% 17.51% 19.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.36M $17.94M $14.38M
YoY Change -14.29% 24.77% 9.02%
% of Gross Profit 47.18% 47.6% 53.66%
Operating Expenses $24.10M $24.50M $19.60M
YoY Change -4.74% 25.0% 12.64%
Operating Profit $12.62M $13.20M $7.314M
YoY Change 144.14% 80.41% 204.12%
Interest Expense $6.550M $6.445M $5.762M
YoY Change -10.51% 11.85% 25.95%
% of Operating Profit 51.89% 48.84% 78.78%
Other Income/Expense, Net $100.0K $0.00 $0.00
YoY Change
Pretax Income $11.50M $6.700M $1.100M
YoY Change -542.31% 509.09% -144.0%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.0%
Net Earnings $7.620M $3.365M -$6.184M
YoY Change -233.83% -154.41% 18.54%
Net Earnings / Revenue 11.18% 5.42% -13.05%
Basic Earnings Per Share
Diluted Earnings Per Share $168.4K $102.3K -$52.19K
COMMON SHARES
Basic Shares Outstanding 67.05M shares 66.49M shares 56.70M shares
Diluted Shares Outstanding 69.42M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.40M $32.80M $96.30M
YoY Change 136.86% -65.94% -6.05%
Cash & Equivalents $69.40M $32.80M $96.33M
Short-Term Investments
Other Short-Term Assets $11.60M $5.000M $22.60M
YoY Change 87.1% -77.88% 59.15%
Inventory
Prepaid Expenses
Receivables $45.70M $37.60M $10.20M
Other Receivables $28.10M $0.00 $0.00
Total Short-Term Assets $154.8M $75.40M $129.1M
YoY Change 131.04% -41.6% 1.57%
LONG-TERM ASSETS
Property, Plant & Equipment $2.016B $2.005B $1.511B
YoY Change 6.47% 32.73% 37.6%
Goodwill $8.754M $8.754M $8.754M
YoY Change 0.0% 0.0% 0.0%
Intangibles $109.5M $107.9M $88.89M
YoY Change 2.27% 21.4% 14.28%
Long-Term Investments
YoY Change
Other Assets $28.50M $37.60M $91.40M
YoY Change 9.62% -58.86% 222.97%
Total Long-Term Assets $2.163B $2.160B $1.700B
YoY Change 6.26% 27.03% 40.14%
TOTAL ASSETS
Total Short-Term Assets $154.8M $75.40M $129.1M
Total Long-Term Assets $2.163B $2.160B $1.700B
Total Assets $2.317B $2.235B $1.829B
YoY Change 10.23% 22.19% 36.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.60M $20.30M $17.50M
YoY Change -9.41% 16.0% 25.9%
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 $42.00M $26.10M $23.20M
YoY Change -7.49% 12.5% 15.42%
LONG-TERM LIABILITIES
Long-Term Debt $920.9M $852.5M $637.1M
YoY Change 3.33% 33.81% 81.87%
Other Long-Term Liabilities $55.50M $58.50M $57.70M
YoY Change -18.02% 1.39% 9.7%
Total Long-Term Liabilities $976.4M $911.0M $694.8M
YoY Change 1.83% 31.12% 72.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.00M $26.10M $23.20M
Total Long-Term Liabilities $976.4M $911.0M $694.8M
Total Liabilities $1.018B $937.1M $705.5M
YoY Change 2.69% 32.82% 71.85%
SHAREHOLDERS EQUITY
Retained Earnings -$32.66M -$40.35M -$39.48M
YoY Change -27.58% 2.21% 84.62%
Common Stock $668.0K $668.0K $567.0K
YoY Change 17.81% 17.81% 20.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.192B $1.190B $1.010B
YoY Change
Total Liabilities & Shareholders Equity $2.317B $2.235B $1.829B
YoY Change 10.23% 22.19% 36.49%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $7.620M $3.365M -$6.184M
YoY Change -233.83% -154.41% 18.54%
Depreciation, Depletion And Amortization $17.36M $17.94M $14.38M
YoY Change -14.29% 24.77% 9.02%
Cash From Operating Activities $22.40M $16.50M $15.90M
YoY Change 73.64% 3.77% 52.88%
INVESTING ACTIVITIES
Capital Expenditures -$27.60M -$26.40M -$29.10M
YoY Change -93.01% -9.28% -71.02%
Acquisitions
YoY Change
Other Investing Activities -$12.00M $0.00 -$20.00M
YoY Change -116.44% -100.0%
Cash From Investing Activities -$39.60M -$26.40M -$49.10M
YoY Change -87.7% -46.23% -51.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 53.80M 13.60M -12.00M
YoY Change -77.76% -213.33% -107.03%
NET CHANGE
Cash From Operating Activities 22.40M 16.50M 15.90M
Cash From Investing Activities -39.60M -26.40M -49.10M
Cash From Financing Activities 53.80M 13.60M -12.00M
Net Change In Cash 36.60M 3.700M -45.20M
YoY Change -154.55% -108.19% -156.01%
FREE CASH FLOW
Cash From Operating Activities $22.40M $16.50M $15.90M
Capital Expenditures -$27.60M -$26.40M -$29.10M
Free Cash Flow $50.00M $42.90M $45.00M
YoY Change -87.74% -4.67% -59.39%

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OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-115000 USD
CY2013Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
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CY2013Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
90000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
20000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
240000 USD
CY2014Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
11000 USD
CY2014Q2 us-gaap Land
Land
622880000 USD
CY2013Q4 us-gaap Land
Land
578787000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
1017934000 USD
CY2014Q2 us-gaap Liabilities
Liabilities
937097000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
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2234983000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2131275000 USD
CY2013Q4 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
133000 USD
CY2014Q2 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
113000 USD
CY2013Q4 us-gaap Long Term Debt
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931308000 USD
CY2014Q2 us-gaap Long Term Debt
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852524000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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294104000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
16808000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
218908000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
58569000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2457000 USD
CY2013 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1160000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1531000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
93636000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
115052000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68617000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-127086000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
30991000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35891000 USD
us-gaap Net Income Loss
NetIncomeLoss
4625000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
3365000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
-6184000 USD
us-gaap Net Income Loss
NetIncomeLoss
-9056000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-281000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-61000 USD
CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-291000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-104000 USD
us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
158000 USD
us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
138000 USD
CY2013Q2 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
79000 USD
CY2014Q2 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
69000 USD
us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
6395000 USD
CY2014Q2 us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
3195000 USD
CY2013Q2 us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
3231000 USD
us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
6462000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1364000 USD
CY2014Q2 us-gaap Notes Payable
NotesPayable
852524000 USD
CY2013Q4 us-gaap Notes Payable
NotesPayable
931308000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segments
CY2013Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
45439000 USD
CY2014Q2 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
44806000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
7314000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
24415000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
13195000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
12383000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
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CY2014Q2 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
71671000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
131429000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
143446000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
160551000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
164323000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5877000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2996000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9858000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3330000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-213000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-173000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1177000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2313000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
63000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
183000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1547000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-52000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
54000 USD
CY2014Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
12000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
13000 USD
CY2013Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
9000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
38623000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
51506000 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
20000000 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
650000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
-52000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
298000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
CY2014Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
12503000 USD
CY2014Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
122030000 USD
CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
114866000 USD
CY2014Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2127351000 USD
CY2013Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2021691000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1906825000 USD
CY2014Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2005321000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17355000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
14773000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6395000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6462000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
653000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
392000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
75580000 USD
CY2013 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
389883000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
75580000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
9994000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
5170000 USD
CY2014Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
5016000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
189888000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
197468000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
92787000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
8720000 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
0 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-1531000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
6689000 USD
us-gaap Profit Loss
ProfitLoss
11222000 USD
us-gaap Profit Loss
ProfitLoss
-3111000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
-3428000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-32000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
121000 USD
CY2013Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
12801000 USD
CY2013Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
47390000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
117725000 USD
CY2014Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
62129000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
94793000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
170439000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
61279000 USD
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17682000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16750000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-45113000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-40350000 USD
us-gaap Revenues
Revenues
0 USD
us-gaap Revenues
Revenues
0 USD
CY2014Q2 us-gaap Security Deposit Liability
SecurityDepositLiability
5803000 USD
CY2013Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
5941000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3512000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3255000 USD
CY2014Q2 hpp Long Lived Assets Impairment Indicators
LongLivedAssetsImpairmentIndicators
0 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
197468000 USD
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
202542000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 USD
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2756000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1003446000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
1190400000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1287709000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1102866000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
897222000 USD
us-gaap Straight Line Rent
StraightLineRent
7294000 USD
us-gaap Straight Line Rent
StraightLineRent
4702000 USD
CY2013Q4 us-gaap Tenant Improvements
TenantImprovements
107628000 USD
CY2014Q2 us-gaap Tenant Improvements
TenantImprovements
103623000 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;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 ongoing 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
3279000 USD
hpp Accounts Payable And Accrued Liabilities For Investment In Property
AccountsPayableAndAccruedLiabilitiesForInvestmentInProperty
5129000 USD
hpp Amortization Of Above Market Leases
AmortizationOfAboveMarketLeases
1110000 USD
hpp Amortization Of Above Market Leases
AmortizationOfAboveMarketLeases
1365000 USD
hpp Amortization Of Ground Lease
AmortizationOfGroundLease
124000 USD
hpp Amortization Of Ground Lease
AmortizationOfGroundLease
124000 USD
hpp Business Acquisition Cost Of Acquired Entity Non Controlling Interest Portion
BusinessAcquisitionCostOfAcquiredEntityNonControllingInterestPortion
0 USD
hpp Business Acquisition Cost Of Acquired Entity Non Controlling Interest Portion
BusinessAcquisitionCostOfAcquiredEntityNonControllingInterestPortion
45704000 USD
CY2013 hpp Business Acquisition Cost Of Acquired Entity Non Controlling Interest Portion
BusinessAcquisitionCostOfAcquiredEntityNonControllingInterestPortion
45704000 USD
CY2014Q2 hpp Business Acquisition Purchase Price Allocation Above Market Leases
BusinessAcquisitionPurchasePriceAllocationAboveMarketLeases
173000 USD
CY2014Q2 hpp Business Acquisition Purchase Price Allocation Below Market Leases
BusinessAcquisitionPurchasePriceAllocationBelowMarketLeases
-3315000 USD
CY2013Q4 hpp Business Acquisition Purchase Price Allocation Below Market Leases
BusinessAcquisitionPurchasePriceAllocationBelowMarketLeases
-22449000 USD
CY2013Q4 hpp Business Acquisition Purchase Price Allocation Fair Market Unfavorable Debt Value
BusinessAcquisitionPurchasePriceAllocationFairMarketUnfavorableDebtValue
-5820000 USD
CY2014Q2 hpp Business Acquisition Purchase Price Allocation Investment In Real Estate Net
BusinessAcquisitionPurchasePriceAllocationInvestmentInRealEstateNet
76008000 USD
CY2013Q4 hpp Business Acquisition Purchase Price Allocation Investment In Real Estate Net
BusinessAcquisitionPurchasePriceAllocationInvestmentInRealEstateNet
538322000 USD
CY2014Q2 hpp Business Acquisition Purchase Price Allocation Other Lease Intangibles
BusinessAcquisitionPurchasePriceAllocationOtherLeaseIntangibles
3163000 USD
CY2013Q4 hpp Business Acquisition Purchase Price Allocation Other Lease Intangibles
BusinessAcquisitionPurchasePriceAllocationOtherLeaseIntangibles
34256000 USD
CY2013Q2 hpp Business Acquisition Purchase Price Allocation Other Liabilities Asset Assumed Net
BusinessAcquisitionPurchasePriceAllocationOtherLiabilitiesAssetAssumedNet
3235000 USD
CY2014Q2 hpp Business Acquisition Purchase Price Allocation Other Liabilities Asset Assumed Net
BusinessAcquisitionPurchasePriceAllocationOtherLiabilitiesAssetAssumedNet
-449000 USD
CY2013Q4 hpp Business Acquisition Purchase Price Allocation Other Liabilities Asset Assumed Net
BusinessAcquisitionPurchasePriceAllocationOtherLiabilitiesAssetAssumedNet
-2423000 USD
CY2013 hpp Business Combinations Costof Acquired Notes Receivable
BusinessCombinationsCostofAcquiredNotesReceivable
4000000 USD
CY2014Q2 hpp Capitalized Costs Personnel
CapitalizedCostsPersonnel
700000 USD
CY2013Q2 hpp Capitalized Costs Personnel
CapitalizedCostsPersonnel
500000 USD
hpp Capitalized Costs Personnel
CapitalizedCostsPersonnel
1300000 USD
hpp Capitalized Costs Personnel
CapitalizedCostsPersonnel
1000000 USD
hpp Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnerships
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnerships
-389000 USD
CY2014Q2 hpp Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnerships
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnerships
93000 USD
hpp Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnerships
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnerships
120000 USD
CY2013Q2 hpp Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnerships
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnerships
-259000 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 Interest Only Term Of Loan1
DebtInstrumentInterestOnlyTermOfLoan1
P5Y
hpp Debt Instrument Periodic Payment Debt Service Payment Term
DebtInstrumentPeriodicPaymentDebtServicePaymentTerm
P30Y
hpp Depreciation Depletionand Amortizationincluding Discontinued Operations
DepreciationDepletionandAmortizationincludingDiscontinuedOperations
34612000 USD
hpp Depreciation Depletionand Amortizationincluding Discontinued Operations
DepreciationDepletionandAmortizationincludingDiscontinuedOperations
33602000 USD
CY2014Q2 hpp Goodwill Impairment Indicators
GoodwillImpairmentIndicators
0 indicator
CY2013Q2 hpp Goodwill Impairment Indicators
GoodwillImpairmentIndicators
0 indicator
CY2014Q2 hpp Ground Leases Future Minimum Payments
GroundLeasesFutureMinimumPayments
57202000 USD
CY2014Q2 hpp Ground Leases Future Minimum Payments Current
GroundLeasesFutureMinimumPaymentsCurrent
709000 USD
CY2014Q2 hpp Ground Leases Future Minimum Payments In Five Years
GroundLeasesFutureMinimumPaymentsInFiveYears
1417000 USD
CY2014Q2 hpp Ground Leases Future Minimum Payments In Four Years
GroundLeasesFutureMinimumPaymentsInFourYears
1417000 USD
CY2014Q2 hpp Ground Leases Future Minimum Payments In Six Years
GroundLeasesFutureMinimumPaymentsInSixYears
1417000 USD
CY2014Q2 hpp Ground Leases Future Minimum Payments In Three Years
GroundLeasesFutureMinimumPaymentsInThreeYears
1417000 USD
CY2014Q2 hpp Ground Leases Future Minimum Payments In Two Years
GroundLeasesFutureMinimumPaymentsInTwoYears
1417000 USD
CY2014Q2 hpp Ground Leases Future Minimum Payments Thereafter
GroundLeasesFutureMinimumPaymentsThereafter
49408000 USD
CY2014Q2 hpp Operating Leases Future Minimum Payments Receivable After Six Years
OperatingLeasesFutureMinimumPaymentsReceivableAfterSixYears
478497000 USD
CY2014Q2 hpp Operating Leases Future Minimum Payments Receivable In Six Years
OperatingLeasesFutureMinimumPaymentsReceivableInSixYears
119950000 USD
hpp Other Income Expense
OtherIncomeExpense
-13067000 USD
CY2014Q2 hpp Long Term Debt Maturities Repayments Of Principal After Year Six
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearSix
253786000 USD
CY2014Q2 hpp Long Term Debt Maturities Repayments Of Principal In Year Six
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix
3706000 USD
CY2013 hpp Members Equity Contributions
MembersEquityContributions
45704000 USD
CY2014Q2 hpp Net Income Loss Attributable To Common Units Operating Partnership
NetIncomeLossAttributableToCommonUnitsOperatingPartnership
-121000 USD
hpp Net Income Loss Attributable To Common Units Operating Partnership
NetIncomeLossAttributableToCommonUnitsOperatingPartnership
394000 USD
CY2013Q2 hpp Net Income Loss Attributable To Common Units Operating Partnership
NetIncomeLossAttributableToCommonUnitsOperatingPartnership
263000 USD
hpp Net Income Loss Attributable To Common Units Operating Partnership
NetIncomeLossAttributableToCommonUnitsOperatingPartnership
-168000 USD
CY2014Q2 hpp Noncontrolling Interest Ownership By Noncontrolling Owners Amount
NoncontrollingInterestOwnershipByNoncontrollingOwnersAmount
2382563 shares
CY2013Q4 hpp Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
0 property
CY2014Q2 hpp Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
1 property
CY2014Q1 hpp Numberof Common Unit Holders
NumberofCommonUnitHolders
1 common_unit_holder
CY2013Q4 hpp Numberof Common Unit Holders
NumberofCommonUnitHolders
1 common_unit_holder
CY2014Q2 hpp Numberof Derivativesina Liability Position
NumberofDerivativesinaLiabilityPosition
1 derivative
CY2014Q2 hpp Numberof Subsidiaries
NumberofSubsidiaries
1 subsidiary
CY2014Q2 hpp Off Market Lease Unfavorable Accumulated Accretion
OffMarketLeaseUnfavorableAccumulatedAccretion
13717000 USD
CY2013Q4 hpp Off Market Lease Unfavorable Accumulated Accretion
OffMarketLeaseUnfavorableAccumulatedAccretion
22076000 USD
CY2014Q2 hpp Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
58523000 USD
CY2013Q4 hpp Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
67515000 USD
CY2014Q2 hpp Other Income Expense
OtherIncomeExpense
-6446000 USD
CY2013Q2 hpp Other Income Expense
OtherIncomeExpense
-6190000 USD
hpp Other Income Expense
OtherIncomeExpense
-11677000 USD
hpp Payments Of Deferred Leasing Costs And Lease Intangibles
PaymentsOfDeferredLeasingCostsAndLeaseIntangibles
9276000 USD
hpp Payments Of Deferred Leasing Costs And Lease Intangibles
PaymentsOfDeferredLeasingCostsAndLeaseIntangibles
4541000 USD
hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries
ProfitLossExcludingGainsLossesOfRedeemableNoncontrollingInterestsInPartiallyOwnedConsolidatedSubsidiaries
10899000 USD
CY2013 hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries
ProfitLossExcludingGainsLossesOfRedeemableNoncontrollingInterestsInPartiallyOwnedConsolidatedSubsidiaries
-3343000 USD
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Hudson Pacific Properties, Inc.
hpp Segment Reporting Information Intersegment Transfers
SegmentReportingInformationIntersegmentTransfers
0 USD
hpp Segment Reporting Information Intersegment Transfers
SegmentReportingInformationIntersegmentTransfers
0 USD
CY2014Q2 hpp Series B Cumulative Redeemable Preferred Stock Value Issued
SeriesBCumulativeRedeemablePreferredStockValueIssued
145000000 USD
CY2013Q4 hpp Series B Cumulative Redeemable Preferred Stock Value Issued
SeriesBCumulativeRedeemablePreferredStockValueIssued
145000000 USD
hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
65063596 shares
CY2014Q2 hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
66485639 shares
CY2013Q2 hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
56075747 shares
hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
54140594 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001482512
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
67047762 shares

Files In Submission

Name View Source Status
0001482512-14-000033-index-headers.html Edgar Link pending
0001482512-14-000033-index.html Edgar Link pending
0001482512-14-000033.txt Edgar Link pending
0001482512-14-000033-xbrl.zip Edgar Link pending
ex_1076xamendmenttoequityd.htm Edgar Link pending
ex_1077xamendmenttoequityd.htm Edgar Link pending
ex_1078xamendmenttoequityd.htm Edgar Link pending
ex_1079xamendmenttoequityd.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hpp-20140630.xml Edgar Link completed
hpp-20140630.xsd Edgar Link pending
hpp-20140630_cal.xml Edgar Link unprocessable
hpp-20140630_def.xml Edgar Link unprocessable
hpp-20140630_lab.xml Edgar Link unprocessable
hpp-20140630_pre.xml Edgar Link unprocessable
q2-201410q.htm Edgar Link pending
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report.css Edgar Link pending
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