2014 Q4 Form 10-Q Financial Statement

#000148251214000050 Filed on November 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q4
Revenue $68.79M $68.16M $57.42M
YoY Change 19.8% 27.76% 30.38%
Cost Of Revenue $26.60M $31.40M $25.30M
YoY Change 5.14% 37.12% 20.48%
Gross Profit $41.00M $36.80M $32.20M
YoY Change 27.33% 21.05% 39.39%
Gross Profit Margin 59.6% 53.99% 56.08%
Selling, General & Admin $9.100M $6.800M $4.800M
YoY Change 89.58% 36.0% 29.73%
% of Gross Profit 22.2% 18.48% 14.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.20M $17.36M $17.00M
YoY Change 18.82% -14.29% -3.41%
% of Gross Profit 49.27% 47.18% 52.8%
Operating Expenses $29.30M $24.10M $21.70M
YoY Change 35.02% -4.74% 3.83%
Operating Profit $11.64M $12.62M $10.50M
YoY Change 10.86% 144.14% 377.27%
Interest Expense -$6.400M $6.550M -$6.800M
YoY Change -5.88% -10.51% 38.78%
% of Operating Profit -54.98% 51.89% -64.76%
Other Income/Expense, Net $0.00 $100.0K $100.0K
YoY Change -100.0% 0.0%
Pretax Income $900.0K $11.50M $3.300M
YoY Change -72.73% -542.31% -213.79%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.0%
Net Earnings -$2.290M $7.620M -$83.00K
YoY Change 2659.04% -233.83% -98.6%
Net Earnings / Revenue -3.33% 11.18% -0.14%
Basic Earnings Per Share
Diluted Earnings Per Share $13.53K $168.4K $56.84K
COMMON SHARES
Basic Shares Outstanding 67.05M shares 67.05M shares 56.71M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.80M $69.40M $30.40M
YoY Change -41.45% 136.86% 60.85%
Cash & Equivalents $17.75M $69.40M $30.36M
Short-Term Investments
Other Short-Term Assets $10.00M $11.60M $5.700M
YoY Change 75.44% 87.1% 11.76%
Inventory
Prepaid Expenses
Receivables $49.30M $45.70M $28.60M
Other Receivables $28.20M $28.10M $0.00
Total Short-Term Assets $105.3M $154.8M $64.70M
YoY Change 62.75% 131.04% 22.31%
LONG-TERM ASSETS
Property, Plant & Equipment $2.037B $2.016B $1.845B
YoY Change 10.41% 6.47% 37.62%
Goodwill $8.754M $8.754M $8.754M
YoY Change 0.0% 0.0% 0.0%
Intangibles $102.0M $109.5M $111.4M
YoY Change -8.42% 2.27% 37.51%
Long-Term Investments
YoY Change
Other Assets $82.40M $28.50M $5.170M
YoY Change 1493.81% 9.62% 12.69%
Total Long-Term Assets $2.230B $2.163B $2.067B
YoY Change 7.9% 6.26% 37.15%
TOTAL ASSETS
Total Short-Term Assets $105.3M $154.8M $64.70M
Total Long-Term Assets $2.230B $2.163B $2.067B
Total Assets $2.335B $2.317B $2.131B
YoY Change 9.57% 10.23% 36.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.80M $35.60M $26.10M
YoY Change 41.0% -9.41% 40.32%
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 $43.10M $42.00M $31.80M
YoY Change 35.53% -7.49% 33.05%
LONG-TERM LIABILITIES
Long-Term Debt $912.7M $920.9M $888.3M
YoY Change 2.75% 3.33% 52.6%
Other Long-Term Liabilities $94.20M $55.50M $97.80M
YoY Change -3.68% -18.02% 122.27%
Total Long-Term Liabilities $1.007B $976.4M $986.1M
YoY Change 2.11% 1.83% 57.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.10M $42.00M $31.80M
Total Long-Term Liabilities $1.007B $976.4M $986.1M
Total Liabilities $1.050B $1.018B $1.018B
YoY Change 3.14% 2.69% 56.61%
SHAREHOLDERS EQUITY
Retained Earnings -$34.88M -$32.66M -$45.11M
YoY Change -22.67% -27.58% 47.52%
Common Stock $668.0K $668.0K $572.0K
YoY Change 16.78% 17.81% 20.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.179B $1.192B $1.003B
YoY Change
Total Liabilities & Shareholders Equity $2.335B $2.317B $2.131B
YoY Change 9.57% 10.23% 36.65%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q4
OPERATING ACTIVITIES
Net Income -$2.290M $7.620M -$83.00K
YoY Change 2659.04% -233.83% -98.6%
Depreciation, Depletion And Amortization $20.20M $17.36M $17.00M
YoY Change 18.82% -14.29% -3.41%
Cash From Operating Activities $4.900M $22.40M -$2.400M
YoY Change -304.17% 73.64% -177.42%
INVESTING ACTIVITIES
Capital Expenditures -$82.20M -$27.60M -$33.50M
YoY Change 145.37% -93.01% -84.88%
Acquisitions
YoY Change
Other Investing Activities $2.500M -$12.00M $0.00
YoY Change -116.44%
Cash From Investing Activities -$79.70M -$39.60M -$33.50M
YoY Change 137.91% -87.7% -84.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 23.20M 53.80M 36.90M
YoY Change -37.13% -77.76% -82.42%
NET CHANGE
Cash From Operating Activities 4.900M 22.40M -2.400M
Cash From Investing Activities -79.70M -39.60M -33.50M
Cash From Financing Activities 23.20M 53.80M 36.90M
Net Change In Cash -51.60M 36.60M 1.000M
YoY Change -5260.0% -154.55% -111.76%
FREE CASH FLOW
Cash From Operating Activities $4.900M $22.40M -$2.400M
Capital Expenditures -$82.20M -$27.60M -$33.50M
Free Cash Flow $87.10M $50.00M $31.10M
YoY Change 180.06% -87.74% -86.15%

Facts In Submission

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-3972000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-155000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.07
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2013Q4 us-gaap Notes Payable
NotesPayable
931308000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
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2900000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-439000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
389000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
16394000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
16774000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4925000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-344000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-4813000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
3677000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1764000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3532000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
122000 USD
CY2014Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
109476000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
111398000 USD
CY2014Q3 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
400000 USD
CY2013Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1100000 USD
CY2014Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1900000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
5200000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2800000 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
7319000 USD
us-gaap Interest Expense
InterestExpense
19519000 USD
us-gaap Interest Expense
InterestExpense
18673000 USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
6550000 USD
us-gaap Interest Paid Net
InterestPaidNet
23824000 USD
us-gaap Interest Paid Net
InterestPaidNet
19589000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
58346000 USD
CY2014Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
1000 USD
CY2014Q3 us-gaap Land
Land
622880000 USD
CY2013Q4 us-gaap Land
Land
578787000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
1017934000 USD
CY2014Q3 us-gaap Liabilities
Liabilities
1018444000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2131275000 USD
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2317449000 USD
CY2014Q3 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
361000 USD
CY2013Q4 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
133000 USD
CY2014Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
28500000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
0 USD
CY2014Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
28112000 USD
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
931308000 USD
CY2014Q3 us-gaap Long Term Debt
LongTermDebt
920860000 USD
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
294104000 USD
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
16905000 USD
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
138908000 USD
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
58569000 USD
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1260000 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
2385000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
147412000 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
-166717000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-390465000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
43932000 USD
us-gaap Net Income Loss
NetIncomeLoss
12245000 USD
us-gaap Net Income Loss
NetIncomeLoss
-14750000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
7620000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-5694000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-399000 USD
CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-118000 USD
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
259000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
155000 USD
CY2013Q3 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
71000 USD
us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
229000 USD
us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
206000 USD
CY2014Q3 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
68000 USD
us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
9590000 USD
CY2013Q3 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
9693000 USD
CY2014Q3 us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
3195000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
650000 USD
CY2014Q3 us-gaap Notes Payable
NotesPayable
920860000 USD
CY2013Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
940435000 USD
CY2014Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
924357000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segments
CY2013Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
45439000 USD
CY2014Q3 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
42935000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
5170000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
12622000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
17553000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
37037000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
1274451000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
36818000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
135539000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
148318000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
164309000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
164833000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
780000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
731000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
11999000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
21857000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3598000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6594000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-131000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-117000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1989000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1749000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
304000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
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
1084000 USD
CY2014Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
-56000 USD
CY2013Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
-13000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
41000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
-43000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
79154000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
53576000 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
2500000 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22161000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26034000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
9590000 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
674000 USD
CY2013 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
389883000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
75580000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
28112000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
75580000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
389883000 USD
CY2014Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
11576000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
5170000 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
369361000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
332886000 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-2385000 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-425000 USD
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
18629000 USD
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
52994000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
-2752000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
11415000 USD
us-gaap Profit Loss
ProfitLoss
-5863000 USD
us-gaap Profit Loss
ProfitLoss
22637000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-326000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
176000 USD
CY2014Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
0 USD
CY2013Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
12801000 USD
CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
114866000 USD
CY2014Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
133463000 USD
CY2013Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2021691000 USD
CY2014Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2149320000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1906825000 USD
CY2014Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2015857000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
185880000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
148141000 USD
CY2014Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
68155000 USD
CY2013Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
53348000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
167255000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
341636000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16750000 USD
CY2014Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19650000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-45113000 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-32662000 USD
us-gaap Revenues
Revenues
0 USD
CY2013 us-gaap Revenues
Revenues
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5047000 USD
CY2014Q3 us-gaap Security Deposit Liability
SecurityDepositLiability
6411000 USD
CY2013Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
5941000 USD
hpp Segment Reporting Information Intersegment Transfers
SegmentReportingInformationIntersegmentTransfers
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
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
1192119000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1003446000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1102866000 USD
CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1288828000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
897222000 USD
us-gaap Straight Line Rent
StraightLineRent
9830000 USD
hpp Debt Instrument Covenant Terms Maximum Aggregate Commitment Cap
DebtInstrumentCovenantTermsMaximumAggregateCommitmentCap
700000000 USD
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
53858000 USD
hpp Depreciation Depletionand Amortizationincluding Discontinued Operations
DepreciationDepletionandAmortizationincludingDiscontinuedOperations
51973000 USD
CY2013Q4 us-gaap Tenant Improvements
TenantImprovements
107628000 USD
CY2014Q3 us-gaap Tenant Improvements
TenantImprovements
109656000 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 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
CY2014Q3 hpp Business Acquisition Purchase Price Allocation Above Market Leases
BusinessAcquisitionPurchasePriceAllocationAboveMarketLeases
173000 USD
CY2013Q4 hpp Business Acquisition Purchase Price Allocation Below Market Leases
BusinessAcquisitionPurchasePriceAllocationBelowMarketLeases
-22449000 USD
CY2014Q3 hpp Business Acquisition Purchase Price Allocation Below Market Leases
BusinessAcquisitionPurchasePriceAllocationBelowMarketLeases
-3315000 USD
CY2013Q4 hpp Business Acquisition Purchase Price Allocation Fair Market Unfavorable Debt Value
BusinessAcquisitionPurchasePriceAllocationFairMarketUnfavorableDebtValue
-5820000 USD
CY2013Q4 hpp Business Acquisition Purchase Price Allocation Investment In Real Estate Net
BusinessAcquisitionPurchasePriceAllocationInvestmentInRealEstateNet
538322000 USD
CY2014Q3 hpp Business Acquisition Purchase Price Allocation Investment In Real Estate Net
BusinessAcquisitionPurchasePriceAllocationInvestmentInRealEstateNet
76008000 USD
CY2013Q4 hpp Business Acquisition Purchase Price Allocation Other Lease Intangibles
BusinessAcquisitionPurchasePriceAllocationOtherLeaseIntangibles
34256000 USD
CY2014Q3 hpp Business Acquisition Purchase Price Allocation Other Lease Intangibles
BusinessAcquisitionPurchasePriceAllocationOtherLeaseIntangibles
3163000 USD
CY2013Q3 hpp Business Acquisition Purchase Price Allocation Other Liabilities Asset Assumed Net
BusinessAcquisitionPurchasePriceAllocationOtherLiabilitiesAssetAssumedNet
-2423000 USD
CY2014Q3 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
CY2013Q3 hpp Capitalized Costs Personnel
CapitalizedCostsPersonnel
500000 USD
CY2014Q3 hpp Capitalized Costs Personnel
CapitalizedCostsPersonnel
800000 USD
hpp Capitalized Costs Personnel
CapitalizedCostsPersonnel
1500000 USD
hpp Capitalized Costs Personnel
CapitalizedCostsPersonnel
2100000 USD
CY2014Q3 hpp Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnerships
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnerships
293000 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
CY2014Q3 hpp Goodwill Impairment Indicators
GoodwillImpairmentIndicators
0 indicator
CY2013Q3 hpp Goodwill Impairment Indicators
GoodwillImpairmentIndicators
0 indicator
CY2014Q3 hpp Ground Leases Future Minimum Payments
GroundLeasesFutureMinimumPayments
56847000 USD
CY2014Q3 hpp Ground Leases Future Minimum Payments Current
GroundLeasesFutureMinimumPaymentsCurrent
354000 USD
CY2014Q3 hpp Ground Leases Future Minimum Payments In Five Years
GroundLeasesFutureMinimumPaymentsInFiveYears
1417000 USD
CY2014Q3 hpp Ground Leases Future Minimum Payments In Four Years
GroundLeasesFutureMinimumPaymentsInFourYears
1417000 USD
CY2014Q3 hpp Ground Leases Future Minimum Payments In Six Years
GroundLeasesFutureMinimumPaymentsInSixYears
1417000 USD
CY2014Q3 hpp Ground Leases Future Minimum Payments In Three Years
GroundLeasesFutureMinimumPaymentsInThreeYears
1417000 USD
CY2014Q3 hpp Ground Leases Future Minimum Payments In Two Years
GroundLeasesFutureMinimumPaymentsInTwoYears
1417000 USD
CY2014Q3 hpp Ground Leases Future Minimum Payments Thereafter
GroundLeasesFutureMinimumPaymentsThereafter
49408000 USD
hpp Loansand Leases Receivable Interest Rate Stated Percentage
LoansandLeasesReceivableInterestRateStatedPercentage
0.11
CY2014Q3 hpp Loansand Leases Receivable Maximum Principal
LoansandLeasesReceivableMaximumPrincipal
140000000 USD
CY2014Q3 hpp Loansand Leases Receivable Shareof Maximum Principal
LoansandLeasesReceivableShareofMaximumPrincipal
33300000 USD
CY2014Q3 hpp Loansand Leases Receivable Shareof Maximum Principal Percentage
LoansandLeasesReceivableShareofMaximumPrincipalPercentage
0.2377
CY2014Q3 hpp Long Term Debt Maturities Repayments Of Principal After Year Six
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearSix
253786000 USD
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001482512
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
67048781 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Hudson Pacific Properties, Inc.
hpp Payments Of Deferred Leasing Costs And Lease Intangibles
PaymentsOfDeferredLeasingCostsAndLeaseIntangibles
13440000 USD
hpp Payments Of Deferred Leasing Costs And Lease Intangibles
PaymentsOfDeferredLeasingCostsAndLeaseIntangibles
11509000 USD
CY2013 hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries
ProfitLossExcludingGainsLossesOfRedeemableNoncontrollingInterestsInPartiallyOwnedConsolidatedSubsidiaries
-3343000 USD
hpp Profit Loss Excluding Gains Losses Of Redeemable Noncontrolling Interests In Partially Owned Consolidated Subsidiaries
ProfitLossExcludingGainsLossesOfRedeemableNoncontrollingInterestsInPartiallyOwnedConsolidatedSubsidiaries
22155000 USD
CY2013 hpp Segment Reporting Information Intersegment Transfers
SegmentReportingInformationIntersegmentTransfers
0 USD
CY2013Q4 hpp Series B Cumulative Redeemable Preferred Stock Value Issued
SeriesBCumulativeRedeemablePreferredStockValueIssued
145000000 USD
CY2014Q3 hpp Series B Cumulative Redeemable Preferred Stock Value Issued
SeriesBCumulativeRedeemablePreferredStockValueIssued
145000000 USD
CY2014Q1 hpp Share Based Compensation Arrangement By Share Based Payment Award Award Performance Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardPerformancePeriod
P3Y
CY2014Q3 hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
66506179 shares
CY2013Q3 hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
56144099 shares
hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
65549741 shares
hpp Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
54815763 shares
CY2014Q3 hpp Long Term Debt Maturities Repayments Of Principal In Year Six
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix
153706000 USD
CY2013 hpp Members Equity Contributions
MembersEquityContributions
45704000 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
-441000 USD
CY2014Q3 hpp Net Income Loss Attributable To Common Units Operating Partnership
NetIncomeLossAttributableToCommonUnitsOperatingPartnership
-273000 USD
CY2013Q3 hpp Net Income Loss Attributable To Common Units Operating Partnership
NetIncomeLossAttributableToCommonUnitsOperatingPartnership
242000 USD
CY2014Q3 hpp Noncontrolling Interest Ownership By Noncontrolling Owners Amount
NoncontrollingInterestOwnershipByNoncontrollingOwnersAmount
2382563 shares
CY2013Q4 hpp Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
0 property
CY2014Q1 hpp Numberof Common Unit Holders
NumberofCommonUnitHolders
1 common_unit_holder
CY2014Q3 hpp Numberof Derivativesina Liability Position
NumberofDerivativesinaLiabilityPosition
1 derivative
CY2014Q3 hpp Numberof Subsidiaries
NumberofSubsidiaries
1 subsidiary
CY2014Q3 hpp Off Market Lease Unfavorable Accumulated Accretion
OffMarketLeaseUnfavorableAccumulatedAccretion
15558000 USD
CY2013Q4 hpp Off Market Lease Unfavorable Accumulated Accretion
OffMarketLeaseUnfavorableAccumulatedAccretion
22076000 USD
CY2014Q3 hpp Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
58493000 USD
CY2013Q4 hpp Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
67515000 USD
CY2014Q3 hpp Operating Leases Future Minimum Payments Receivable After Six Years
OperatingLeasesFutureMinimumPaymentsReceivableAfterSixYears
501548000 USD
CY2014Q3 hpp Operating Leases Future Minimum Payments Receivable In Six Years
OperatingLeasesFutureMinimumPaymentsReceivableInSixYears
123086000 USD
hpp Other Income Expense
OtherIncomeExpense
-19774000 USD
CY2014Q3 hpp Other Income Expense
OtherIncomeExpense
-6707000 USD
hpp Other Income Expense
OtherIncomeExpense
-19444000 USD
CY2013Q3 hpp Other Income Expense
OtherIncomeExpense
-7767000 USD
dei Amendment Flag
AmendmentFlag
false

Files In Submission

Name View Source Status
0001482512-14-000050-index-headers.html Edgar Link pending
0001482512-14-000050-index.html Edgar Link pending
0001482512-14-000050.txt Edgar Link pending
0001482512-14-000050-xbrl.zip Edgar Link pending
ex1081hpprevisednon-employ.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hpp-20140930.xml Edgar Link completed
hpp-20140930.xsd Edgar Link pending
hpp-20140930_cal.xml Edgar Link unprocessable
hpp-20140930_def.xml Edgar Link unprocessable
hpp-20140930_lab.xml Edgar Link unprocessable
hpp-20140930_pre.xml Edgar Link unprocessable
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