Hudson Pacific Properties, Inc. (HPP) Financial Statements (2023 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 millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments971144654798354
Cash and cash equivalents971144654798354
Inventory, net of allowances, customer advances and progress billings2      
Inventory2      
Prepaid expense876    
Total current assets:1061215254798354
Noncurrent Assets
Operating lease, right-of-use asset287265269
Property, plant and equipment581,3641,3241,3821,3121,2861,293
Long-term investments and receivables155826501437 
Long-term investments155826501437 
Intangible assets, net (including goodwill)451295294289253319327
Goodwill109999999
Intangible assets, net (excluding goodwill)341286285280245310318
Total noncurrent assets:9512,0061,9521,6711,5791,6421,620
Other undisclosed assets7,9336,2245,4635,3464,9644,9544,580
TOTAL ASSETS:8,9908,3507,4677,0716,6226,6796,254
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt42493146508095
Off-market lease, unfavorable42493146508095
Total noncurrent liabilities:42493146508095
Other undisclosed liabilities4,6124,1953,5913,0722,6512,8862,420
Total liabilities:4,6544,2453,6223,1182,7012,9662,515
Temporary equity, carrying amount13910101010  
Stockholders' equity
Stockholders' equity attributable to parent3,7423,4633,4173,5443,6383,1031,666
Preferred stock425      
Common stock2222211
Additional paid in capital3,3173,4703,4163,5253,6233,1091,711
Accumulated other comprehensive income (loss)(2)(8)(1)18139(1)
Accumulated deficit     (17)(45)
Other undisclosed stockholders' equity4555052932872735992,063
Total stockholders' equity:4,1973,9683,7093,8303,9113,7033,729
Other undisclosed liabilities and equity 128125113 1010
TOTAL LIABILITIES AND EQUITY:8,9908,3507,4677,0716,6226,6796,254

Income Statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues897805818728728640521
Revenue, net728640521
Cost of revenue      (434)
Other undisclosed gross profit(336)(300)     
Gross profit:56150581872872864087
Operating expenses(751)(677)(656)(580)(592) (39)
Operating income (loss):(190)(172)16314913764047
Nonoperating expense(117)(111)(107)(37)(88)  
Interest and debt expense(128)(116)(106)(83)(90)(76)(51)
Income (loss) from continuing operations before equity method investments, income taxes:(435)(400)(50)29(41)564(3)
Income from equity method investments21     
Income (loss) from continuing operations:(433)(399)(50)29(41)564(3)
Other undisclosed income before gain (loss) on sale of properties    90  
Income (loss) before gain (loss) on sale of properties:(433)(399)(50)2949564(3)
Gain on sale of properties, net of applicable income taxes    46  
Other undisclosed net income46241610683   
Net income (loss):29165611295564(3)
Net loss attributable to noncontrolling interest   (1)(1)(9)(4)
Other undisclosed net loss attributable to parent     (527)(9)
Net income (loss) attributable to parent:2916561119427(16)
Preferred stock dividends and other adjustments (1)(1)    
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)(1)(1)(1)
Other undisclosed net loss available to common stockholders, basic(22)(14)(12)(12)(25)  
Net income (loss) available to common stockholders, basic:6043986827(16)
Dilutive securities, effect on basic earnings per share  0  0 
Net income (loss) available to common stockholders, diluted:6043986828(16)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):29165611295564(3)
Other comprehensive income (loss)6(8)(18)  50(13)
Other undisclosed comprehensive income   47  
Comprehensive income (loss):35938116102613(17)
Comprehensive loss, net of tax, attributable to noncontrolling interest     (9)(4)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(23)(16)(13)(14)(27)(566)6
Comprehensive income (loss), net of tax, attributable to parent:12(7)251027538(15)

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.

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