Hudson Pacific Properties, Inc. (HPP)

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Hudson Pacific Properties, Inc.

HPP • CIK 0001482512

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$-163,904	$-379,765	$-592,571	$-563,043
Income Tax Expense (Benefit)	$6,796	$1,641	$-273	$-119
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-170,700	$-381,406	$-592,298	$-562,924
Undistributed Continuing Operation Earnings (Loss), Allocation to Participating Securities, Basic	$850	$409	$0	$0
Net Income (Loss) Available to Common Stockholders, Basic	$-192,181	$-364,143	$-572,245	$-550,668
Revenues	$952,297	$842,082	$831,105	$814,498
Other Cost and Expense, Operating	$450,465	—	—	$453,698
General and Administrative Expense	$74,958	$79,451	$72,953	$67,045
Depreciation, Depletion and Amortization	$397,846	$354,425	$374,967	$362,604
Operating Expenses	$923,269	$887,955	$875,662	$845,664
Income (Loss) from Equity Method Investments	$-3,902	$-7,308	$-67	$750
InterestExpenseNonoperating	—	$177,393	$172,218	$166,707
Investment Income, Interest	$2,182	$2,467	$6,238	$7,452
Management Fee Expense	$4,125	$4,119	$4,206	$4,355
Unrealized Gain (Loss) on Investments	$-3,120	$-3,958	$-2,998	$-4,511
Gains (Losses) on Sales of Investment Real Estate	$103,202	$-2,453	$5,714	$-4,309
Tangible Asset Impairment Charges	—	$149,664	$299,320	$280,844
Gain (Loss) on Extinguishment of Debt	$10,000	$0	$-10,453	$-8,595
Other Nonoperating Income (Expense)	$-6	$1,647	$-1,812	$-1,662
Nonoperating Income (Expense)	$-192,932	$-333,892	$-548,014	$-531,877
Weighted Average Number of Shares Outstanding, Basic	140,953,088	141,192,730	44,682,601	-32,241,871
Weighted Average Number Diluted Shares Outstanding Adjustment	0	0	0	0

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Real Estate Investment Property, at Cost	$8,212,896	$8,233,286	$7,793,299	$7,831,517
Real Estate Investment Property, Accumulated Depreciation	$1,728,437	$1,791,108	$1,953,048	$2,021,078
Real Estate Investment Property, Net	$6,484,459	$6,442,178	$5,840,251	$5,810,439
Property, Plant and Equipment, Net	$118,783	$127,067	$72,397	$73,026
Cash and Cash Equivalents, at Carrying Value	$100,391	$63,256	$138,358	$138,008
Restricted Cash and Cash Equivalents	$18,765	$35,921	$23,770	$24,432
Accounts Receivable, after Allowance for Credit Loss	$24,609	$14,505	$14,923	$14,121
Deferred Rent Receivables, Net	$220,787	$199,748	$195,425	$200,387
Operating Lease, Right-of-Use Asset	$376,306	$370,826	$333,258	$327,921
Prepaid Expense and Other Assets	$94,145	$90,114	$86,607	$77,135
Equity Method Investments	$252,711	$221,468	$246,835	$248,178
Goodwill	$264,144	$156,529	$8,754	$8,754
Disposal Group, Including Discontinued Operation, Assets	—	$83,113	$0	$0
Assets	$8,282,050	$8,132,239	$7,267,968	$7,230,301
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount	$9,815	$9,815	$2,795	$2,795
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	$57,182	$49,279	$50,581	$49,880
Accounts Payable and Accrued Liabilities	$203,736	$193,861	$209,382	$229,078
Operating Lease, Liability	$389,210	—	$343,886	$339,815
Off-market Lease, Unfavorable	$27,751	$21,838	$17,772	$16,768
Disposal Group, Including Discontinued Operation, Liabilities	—	$31,117	$0	$0
Liabilities	$4,720,881	$4,954,508	$4,063,003	$4,083,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$3,494,172	$3,118,637	$3,151,589	$3,094,626
Common Stock, Value, Issued	$1,403	$1,403	$529	$529
Additional Paid in Capital	$2,651,798	$2,437,484	$2,548,488	$2,495,302
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-187	$-8,417	$-1,860	$-3,619
Stockholders' Equity Attributable to Parent	$3,078,014	$2,855,470	$2,972,157	$2,917,212
Common Stock, Shares Authorized	481,600,000	481,600,000	103,200,000	103,200,000
Common Stock, Shares, Outstanding	141,034,806	141,279,102	54,227,096	54,242,024
Partners' Capital, Including Portion Attributable to Noncontrolling Interest	$3,494,172	—	—	$3,494,172

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-170,700	$-381,406	$-592,298	$-562,924
Net Cash Provided by (Used in) Operating Activities	$232,256	$164,657	$120,977	$134,733
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectDisposalGroupIncludingDiscontinuedOperations	—	$-19,979	$62,951	$28,514
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$119,156	—	$162,128	$190,642
Proceeds from Sale of Real Estate Held-for-investment	$843,021	$21,390	$236,273	$173,040
Payments to Develop Real Estate Assets	$298,823	$199,388	$144,074	$131,339
Share-based Payment Arrangement, Noncash Expense	$23,863	$26,009	$30,399	$27,200
Proceeds from Insurance Settlement, Investing Activities	$0	$0	$1,174	$1,174
Straight Line Rent	$701	$-15,104	$-4,569	$302
Amortization of above and below Market Leases	$-6,235	$-4,925	$-3,899	$-4,037
Payments to Acquire Equity Method Investments	$68,732	$47,753	$18,340	$19,628
Proceeds from Equity Method Investment, Distribution, Return of Capital	$2,528	$211	$4,170	$4,199
Payments for Deposits on Real Estate Acquisitions	$5,740	$23,063	$22,071	$21,287
Income (Loss) from Equity Method Investments	$-3,902	$-7,308	$-67	$750
Unrealized Gain (Loss) on Investments	$-3,120	$-3,958	$-2,998	$-4,511
Gains (Losses) on Sales of Investment Real Estate	$103,202	$-2,453	$5,714	$-4,309
Tangible Asset Impairment Charges	—	$149,664	$299,320	$280,844
Payment for Contingent Consideration Liability, Investing Activities	—	$5,000	$0	$0
Gain (Loss) on Extinguishment of Debt	$10,000	$0	$-10,453	$-8,595
Net Cash Provided by (Used in) Investing Activities	$467,841	$-250,539	$42,845	$-7,414
Deferred Income Tax Expense (Benefit)	$6,609	$593	$-1,719	$-1,712
Proceeds from Notes Payable	$382,356	$180,741	$1,291,000	$797,000
Repayments of Notes Payable	$1,203,632	$38,000	$2,010,217	$1,528,012
Payments of Debt Issuance Costs	$839	$0	$20,743	$8,678
Proceeds from Issuance of Common Stock	$0	—	$523,392	$523,392
Proceeds from Issuance of Warrants	—	—	$138,451	$138,451
Payments for Repurchase of Common Stock	$1,369	$0	$0	$0
Payments of Stock Issuance Costs	$0	$79	$5,674	$5,756
Payments for Repurchase of Redeemable Preferred Stock	—	—	$7,020	$5,599
Payments for Repurchase of Redeemable Noncontrolling Interest	—	—	$318	$318
Payments of Ordinary Dividends, Common Stock	$54,960	$15,377	$351	$555
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	$20,800	$20,800	$20,552	$20,450
Proceeds from Noncontrolling Interests	$26,480	$34,056	$33,968	$33,576
Payments to Noncontrolling Interests	$58,973	$29,204	$22,210	$21,376
Payment, Tax Withholding, Share-based Payment Arrangement	$88	$571	$237	$120
Net Cash Provided by (Used in) Financing Activities	$-866,672	$65,903	$-100,871	$-98,805
Increase (Decrease) in Accounts Receivable	$5,678	$-10,440	$-170	$2,017
Increase (Decrease) in Prepaid Expense and Other Assets	$10,321	$6,651	$8,630	$1,066
Increase (Decrease) in Accounts Payable and Accrued Liabilities	$-3,115	$4,351	$-20,624	$-19,017

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Import this data to Google Sheets with:

=jivedata("HPP","financials")

Full statements spill as a table. For one cell: =jivedata("HPP","Revenue") or =jivedata("HPP","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.