Hudson Pacific Properties, Inc. (HPPPC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
11601 WILSHIRE BLVD. LOS ANGELES, CA 90025 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 65 - Real Estate (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 63,256 | 100,391 | 255,761 | 96,555 | 113,686 | 46,224 | |||
| Cash and cash equivalent | 63,256 | 100,391 | 255,761 | 96,555 | 113,686 | 46,224 | |||
| Inventory, net of allowances, customer advances and progress billings | 4,914 | 1,578 | |||||||
| Inventory | 4,914 | 1,578 | |||||||
| Prepaid expense | 12,203 | 12,686 | 8,571 | 7,634 | 7,238 | 5,533 | |||
| Total current assets: | 75,459 | 113,077 | 269,246 | 105,767 | 120,924 | 51,757 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 370,826 | 376,306 | 401,051 | 287,041 | 264,880 | 269,029 | |||
| Property, plant and equipment | 127,067 | 118,783 | 130,289 | 58,469 | 1,364,138 | 1,324,105 | |||
| Long-term investments and receivables | 221,468 | 252,711 | 180,572 | 154,731 | 82,105 | 64,926 | |||
| Long-term investments | 221,468 | 252,711 | 180,572 | 154,731 | 82,105 | 64,926 | |||
| Intangible assets, net (including goodwill) | 484,043 | 591,094 | 657,391 | 450,883 | 294,590 | 294,202 | |||
| Goodwill | 156,529 | 264,144 | 263,549 | 109,439 | 8,754 | 8,754 | |||
| Intangible assets, net (excluding goodwill) | 327,514 | 326,950 | 393,842 | 341,444 | 285,836 | 285,448 | |||
| Total noncurrent assets: | 1,203,404 | 1,338,894 | 1,369,303 | 951,124 | 2,005,713 | 1,952,262 | |||
| Other undisclosed assets | 6,853,376 | 6,830,079 | 7,680,591 | 7,933,298 | 6,223,565 | 5,462,549 | |||
| TOTAL ASSETS: | 8,132,239 | 8,282,050 | 9,319,140 | 8,990,189 | 8,350,202 | 7,466,568 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 21,838 | 27,751 | 34,091 | 42,290 | 49,144 | 31,493 | |||
| Off-market lease, unfavorable | 21,838 | 27,751 | 34,091 | 42,290 | 49,144 | 31,493 | |||
| Total noncurrent liabilities: | 21,838 | 27,751 | 34,091 | 42,290 | 49,144 | 31,493 | |||
| Other undisclosed liabilities | 4,932,670 | 4,693,130 | 5,400,359 | 4,611,643 | 4,195,389 | 3,590,638 | |||
| Total liabilities: | 4,954,508 | 4,720,881 | 5,434,450 | 4,653,933 | 4,244,533 | 3,622,131 | |||
| Temporary equity, including noncontrolling interest | 59,094 | 66,997 | 134,859 | 139,264 | 9,815 | 9,815 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,855,470 | 3,078,014 | 3,305,104 | 3,741,822 | 3,463,139 | 3,416,793 | |||
| Preferred stock | 425,000 | 425,000 | |||||||
| Common stock | 1,403 | 1,403 | 1,409 | 1,511 | 1,514 | 1,546 | |||
| Additional paid in capital | 2,437,484 | 2,651,798 | 2,889,967 | 3,317,072 | 3,469,758 | 3,415,808 | |||
| Accumulated other comprehensive loss | (8,417) | (187) | (11,272) | (1,761) | (8,133) | (561) | |||
| Other undisclosed equity, attributable to parent | 425,000 | 425,000 | |||||||
| Other undisclosed equity | 263,167 | 416,158 | 444,727 | 455,170 | 504,841 | 292,569 | |||
| Total equity: | 3,118,637 | 3,494,172 | 3,749,831 | 4,196,992 | 3,967,980 | 3,709,362 | |||
| Other undisclosed liabilities and equity | 127,874 | 125,260 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 8,132,239 | 8,282,050 | 9,319,140 | 8,990,189 | 8,350,202 | 7,466,568 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 842,082 | 952,297 | 1,026,224 | 896,835 | 804,965 | 818,182 | ||
| Other undisclosed gross profit | (454,079) | (450,465) | (413,818) | (335,847) | (299,779) | |||
| Gross profit: | 388,003 | 501,832 | 612,406 | 560,988 | 505,186 | 818,182 | ||
| Operating expenses | (887,955) | (923,269) | (866,538) | (750,807) | (677,343) | (655,557) | ||
| Operating income (loss): | (499,952) | (421,437) | (254,132) | (189,819) | (172,157) | 162,625 | ||
| Nonoperating expense | (333,892) | (192,932) | (176,203) | (117,016) | (111,192) | (106,779) | ||
| Interest and debt expense | (177,393) | 10,000 | (149,901) | (128,198) | (116,477) | (105,845) | ||
| Loss from continuing operations before equity method investments, income taxes: | (1,011,237) | (604,369) | (580,236) | (435,033) | (399,826) | (49,999) | ||
| Income from equity method investments | 1,822 | 736 | ||||||
| Other undisclosed income from continuing operations before income taxes | 631,472 | 440,465 | ||||||
| Loss from continuing operations before income taxes: | (379,765) | (163,904) | (580,236) | (433,211) | (399,090) | (49,999) | ||
| Income tax expense | (1,641) | (6,796) | ||||||
| Loss from continuing operations: | (381,406) | (170,700) | (580,236) | (433,211) | (399,090) | (49,999) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (433,211) | (399,090) | (49,999) | |
| Other undisclosed net income | 563,719 | 462,223 | 415,520 | 105,845 | ||||
| Net income (loss) attributable to parent: | (381,406) | (170,700) | (16,517) | 29,012 | 16,430 | 55,846 | ||
| Preferred stock dividends and other adjustments | (612) | (612) | ||||||
| Undistributed earnings (loss) allocated to participating securities, basic | (409) | (850) | (1,194) | (1,090) | (1,041) | (692) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | 17,672 | (20,631) | (38,788) | (21,858) | (14,394) | (11,817) | ||
| Net income (loss) available to common stockholders, basic: | (364,143) | (192,181) | (56,499) | 6,064 | 383 | 42,725 | ||
| Dilutive securities, effect on basic earnings per share | 331 | |||||||
| Net income (loss) available to common stockholders, diluted: | (364,143) | (192,181) | (56,499) | 6,064 | 383 | 43,056 | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (381,406) | (170,700) | (16,517) | 29,012 | 16,430 | 55,846 | ||
| Other comprehensive income (loss) | (8,509) | 10,905 | (9,657) | 6,467 | (7,633) | (18,178) | ||
| Comprehensive income (loss): | (389,915) | (159,795) | (26,174) | 35,479 | 8,797 | 37,668 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 17,542 | (21,301) | (39,836) | (23,043) | (15,986) | (13,005) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (372,373) | (181,096) | (66,010) | 12,436 | (7,189) | 24,663 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.