← Hudson Pacific Properties, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $27.2m | — | — | — | — | — | ($35.0m) |
($173.9m)
-397.24%
|
($352.3m)
-102.60%
|
($561.7m)
-59.44%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | $67.6m |
$98.1m
+45.13%
|
$42.7m
-56.44%
|
$383k
-99.10%
|
$6.1m
+1483.29%
|
($56.5m)
-1031.71%
|
($192.2m)
-240.15%
|
($364.1m)
-89.48%
|
($572.2m)
-57.15%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $43.8m | $94.6m | $111.8m | $55.8m | $16.4m | $29.0m | ($16.5m) | ($170.7m) | ($381.4m) | ($592.3m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $9.3m | — | — | — | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $269.1m | $283.6m | $251.0m | $282.1m | $299.7m | $343.6m | $373.2m | $397.8m | $354.4m | $375.0m | $362.1m | |
| Amortization of Debt Issuance Costs | $4.5m | $6.0m | — | — | — | — | — | — | — | — | — | |
| Amortization Cash Flow | — | — | — | — | — | — | ($5.3m) | ($3.5m) | ($2.3m) | ($1.3m) | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | ($5.3m) | ($3.5m) | ($2.3m) | ($1.3m) | ($1.5m) | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $367.9m | $394.4m | $352.1m | $373.7m | $362.1m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | $0 | $6.6m | $593k | ($1.7m) | $103k | |
| Deferred Tax | — | — | — | — | — | — | $0 | $6.6m | $593k | ($1.7m) | $103k | |
| Share-based Payment Arrangement, Noncash Expense | $14.1m | $15.1m | $17.0m | $19.5m | $22.7m | $21.2m | $24.3m | $23.9m | $26.0m | $30.4m | $35.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $8.4m | $16.0m | $4.8m | $7.7m | $7.6m | $2.2m | $695k | $88k | $571k | $237k | — | |
| Share-based Payment Arrangement, Expense | — | — | — | $19.5m | $22.7m | $21.2m | $24.3m | $23.9m | $26.0m | $30.4m | $35.6m | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | — | — | $20.4m | $26.0m | $24.7m | $27.6m | $26.9m | $28.2m | $32.1m | $35.6m | |
| Goodwill, Impairment Loss | — | — | — | $0 | $0 | $0 | $0 | $0 | $107.6m | $147.8m | $168.1m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | $81.4m | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | — | — | $100k | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $28.5m | $60.2m | $149.7m | $299.3m | $168.1m | |
| Income (Loss) from Equity Method Investments | — | — | — | ($747k) | $736k | $1.8m | $943k | ($3.9m) | ($7.3m) | ($67k) | — | |
| Nonoperating Income (Expense) | — | ($87.6m) | ($36.9m) | ($106.8m) | ($111.2m) | ($117.0m) | ($176.2m) | ($192.9m) | ($333.9m) | ($548.0m) | — | |
| Other Nonoperating Income (Expense) | $1.6m | $3.0m | $822k | $78k | $548k | ($2.6m) | $9.0m | ($6k) | $1.6m | ($1.8m) | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($943k) | $3.9m | $7.3m | $67k | $5.5m | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($10.6m) | ($33.0m) | ($25.7m) | ($104.7m) | ($58.5m) | |
| Increase (Decrease) in Accounts Receivable | ($15.1m) | ($1.9m) | $10.9m | ($699k) | $9.1m | ($3.5m) | ($16.1m) | $5.7m | ($10.4m) | ($170k) | $5.9m | |
| Change In Receivables | — | — | — | — | — | — | $16.1m | ($5.7m) | $10.4m | $170k | $5.9m | |
| Changes In Account Receivables | — | — | — | — | — | — | $16.1m | ($5.7m) | $10.4m | $170k | $5.9m | |
| Net Cash Provided by (Used in) Operating Activities | $219.6m |
$293.0m
+33.40%
|
$214.6m
-26.74%
|
$288.0m
+34.19%
|
$302.0m
+4.87%
|
$314.9m
+4.25%
|
$369.5m
+17.35%
|
$232.3m
-37.14%
|
$164.7m
-29.11%
|
$121.0m
-26.53%
|
$92.4m
-23.62%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($116.7m) | ($5.7m) | ($23.1m) | ($22.1m) | ($23.3m) | |
| Payments to Acquire Investments | — | — | $149.2m | $0 | $0 | — | — | — | — | — | ($7.3m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | $2.2m | $6.2m | $5.7m | $5.8m | $129.3m | $0 | $0 | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | ($928k) | $0 | ($2.5m) | $16.6m | ($1.4m) | ($3.1m) | ($4.0m) | ($3.0m) | $2.3m | |
| Net Other Investing Changes | — | — | — | — | — | — | $1.3m | — | ($5.0m) | $2.7m | $2.7m | |
| Net Cash Provided by (Used in) Investing Activities | ($524.9m) | ($333.0m) | ($392.3m) | ($316.4m) | ($1.0b) | ($754.2m) | ($378.1m) | $467.8m | ($250.5m) | $42.8m | ($137.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | $744k | $2.7m | ($6.3m) | $0 | $10.0m | $0 | ($10.5m) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $1.2b | $527.9m | $180.7m | $1.3b | $1.1b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $1.2b | $527.9m | $180.7m | $1.3b | $1.1b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($643.2m) | ($1.2b) | ($38.0m) | ($2.0b) | ($1.5b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $554.3m | ($675.7m) | $142.7m | ($719.2m) | ($418.3m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $554.3m | ($675.7m) | $142.7m | ($719.2m) | ($418.3m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($643.2m) | ($1.2b) | ($38.0m) | ($2.0b) | ($1.5b) | |
| Payments for Repurchase of Common Stock | — | — | $50.0m | $0 | $80.2m | $46.1m | $37.2m | $1.4m | $0 | $0 | — | |
| Payments of Ordinary Dividends, Common Stock | $117.8m | $158.5m | $157.0m | $157.8m | $155.0m | $154.6m | $145.4m | $55.0m | $15.4m | $351k | ($21.1m) | |
| Proceeds from Issuance of Common Stock | $1.4b | $647.4m | $0 | $0 | $0 | $45.0m | $0 | $0 | $0 | $523.4m | $523.4m | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($145.4m) | ($55.0m) | ($15.4m) | ($351k) | ($353k) | |
| Common Stock Issuance | — | — | — | — | — | — | $0 | $0 | $0 | $523.4m | $523.4m | |
| Common Stock Payments | — | — | — | — | — | — | ($237.2m) | ($1.4m) | $0 | ($318k) | ($318k) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $0 | $0 | $0 | $523.4m | $523.4m | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($237.2m) | ($1.4m) | $0 | $523.1m | $523.1m | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($237.2m) | ($1.4m) | $0 | ($7.3m) | ($4.2m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($168.8m) | ($75.8m) | ($36.2m) | ($20.9m) | ($21.1m) | |
| Dividend Received CFO | — | — | — | — | — | $1.9m | $1.2m | $0 | $0 | — | $0 | |
| Dividends Received CFI | — | — | — | — | — | — | $3.4m | $2.5m | $400k | $5.1m | $1.7m | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($23.3m) | ($20.8m) | ($20.8m) | ($20.6m) | ($20.8m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($50.9m) | ($113.8m) | ($40.7m) | ($15.3m) | ($5.9m) | |
| Net Cash Provided by (Used in) Financing Activities | $334.8m |
$33.2m
-90.09%
|
$144.6m
+336.03%
|
$18.5m
-87.23%
|
$796.1m
+4211.37%
|
$486.7m
-38.87%
|
$97.4m
-79.98%
|
($866.7m)
-989.37%
|
$65.9m
+107.60%
|
($100.9m)
-253.06%
|
$212.4m
+310.54%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($6.9m) | ($33.1m) | ($9.9m) | $91.3m | $47.3m | $88.9m | ($166.6m) | — | — | $267.1m | |
| Beginning Cash Position | — | — | — | — | — | — | $196.9m | $285.7m | $119.2m | $99.2m | $99.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $36.6m | $101.3m | $68.2m | $58.3m | $149.5m | $196.9m | $285.7m | $119.2m | ($20.0m) | $162.1m | $267.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $82.5m | $77.2m | — | $100.0m | $103.1m | $112.0m | $133.9m | $197.6m | $171.0m | $164.0m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Sale of Properties | — | — | — | — | $0 | $0 | ($2.2m) | ($103.2m) | $2.5m | ($5.7m) | — | |
| Gains (Losses) on Sales of Investment Real Estate | — | $212.2m | — | $147.8m | $0 | $0 | ($2.2m) | $103.2m | ($2.5m) | $5.7m | — | |
| General and Administrative Expense | $52.4m | $54.5m | $61.0m | $71.9m | $77.9m | $71.3m | $79.5m | $75.0m | $79.5m | $73.0m | — | |
| Goodwill | $8.8m | $8.8m | $8.8m | $8.8m | $8.8m | $109.4m | $263.5m | $264.1m | $156.5m | $8.8m | $168.1m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $43.8m | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $0 | $0 | $0 | $0 | $0 | $0 | ($7.5m) | $6.8m | $1.6m | ($273k) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $177.4m | $172.2m | — | |
| Investment Income, Interest | $260k | $97k | $1.7m | $4.0m | $4.1m | $3.8m | $2.3m | $2.2m | $2.5m | $6.2m | — | |
| Operating Expenses | $550.2m | $591.5m | $579.7m | $655.6m | $677.3m | $750.8m | $866.5m | $923.3m | $888.0m | $875.7m | — | |
| Proceeds from Contributed Capital | $34.0m | — | — | — | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Redeemable Preferred Stock | — | — | — | — | — | $413.0m | $0 | $0 | — | — | — | |
| Proceeds from Noncontrolling Interests | — | $3.9m | $2.5m | $0 | $367.5m | $0 | $0 | $26.5m | $34.1m | $34.0m | — | |
| Proceeds from (Payments to) Noncontrolling Interests | — | ($74.8m) | ($4.7m) | — | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $97.4m | ($866.7m) | $65.9m | ($100.9m) | $212.4m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($378.1m) | $467.8m | ($250.5m) | $42.8m | ($137.6m) | |
| Change In Account Payable | — | — | — | — | — | — | $11.7m | ($3.1m) | $4.4m | ($20.6m) | ($7.1m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $88.9m | ($166.6m) | ($20.0m) | $63.0m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($33.9m) | ($16.1m) | ($31.4m) | ($63.7m) | ($46.2m) | |
| Change In Payable | — | — | — | — | — | — | $11.7m | ($3.1m) | $4.4m | ($20.6m) | ($7.1m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($4.6m) | ($8.1m) | ($9.0m) | ($20.5m) | ($11.1m) | |
| Changes In Cash | — | — | — | — | — | — | $88.9m | ($166.6m) | ($20.0m) | $63.0m | $167.2m | |
| End Cash Position | — | — | — | — | — | — | $285.7m | $119.2m | $99.2m | $162.1m | $267.1m | |
| Financing Cash Flow | — | — | — | — | — | — | $97.4m |
($866.7m)
-989.37%
|
$65.9m
+107.60%
|
($100.9m)
-253.06%
|
$212.4m
+310.54%
|
|
| Free Cash Flow | — | — | — | — | — | — | $252.8m | $226.5m | $141.6m | $98.9m | $69.2m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $2.2m | ($69.2m) | $2.5m | $72.2m | $72.2m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | — | $0 | $0 | $1.6m | $1.8m | |
| Investing Cash Flow | — | — | — | — | — | — | ($378.1m) | $467.8m | ($250.5m) | $42.8m | ($137.6m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($239.2m) | ($68.7m) | ($38.9m) | ($30.8m) | ($26.6m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($139.1m) | $544.2m | ($178.0m) | $92.2m | ($77.2m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $112.2m | ($4.4m) | ($5.9m) | ($4.3m) | ($7.3m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($116.7m) | ($5.7m) | ($23.1m) | ($22.1m) | ($23.3m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | $413.0m | $0 | $0 | $0 | ($7.0m) | ($5.6m) | |
| Operating Gains Losses | — | — | — | — | — | — | $1.2m | ($75.3m) | $9.8m | $84.3m | $1.5m | |
| Other Non Cash Items | — | — | — | — | — | — | ($28.0m) | $23.1m | $29.6m | $29.0m | — | |
| Preferred Stock Payments | — | — | — | — | — | — | — | $0 | $0 | ($7.0m) | ($5.6m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | — | $0 | $0 | $138.5m | $138.5m | |
| Purchase Of Business | — | — | — | — | — | — | ($239.2m) | ($68.7m) | ($47.8m) | ($30.8m) | ($26.6m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($17.1m) | ($4.9m) | ($5.9m) | ($4.3m) | ($7.3m) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($276.8m) | ($298.8m) | ($199.4m) | ($144.1m) | ($7.3m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($116.7m) | ($5.7m) | ($23.1m) | ($22.1m) | ($23.3m) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $0 | $8.8m | $0 | $0 | |
| Sale Of Investment | — | — | — | — | — | — | $129.3m | $503k | $0 | $0 | $0 | |
| Sale Of Investment Properties | — | — | — | — | — | — | $137.7m | $843.0m | $21.4m | $236.3m | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $24.3m | $23.9m | $26.0m | $30.4m | $35.6m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $1.4m | $3.1m | $4.0m | $3.0m | $2.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.