Hudson Pacific Properties, Inc. (HPP) financial statements (2020 and earlier)

Company profile

Business Address 11601 WILSHIRE BLVD.
LOS ANGELES, CA 90025
State of Incorp. MD
Fiscal Year End December 31
SIC 65 - Real Estate (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments465479835418
Cash and cash equivalents465479835418
Prepaid expense6    3
Total current assets:525479835421
Noncurrent Assets
Operating lease, right-of-use asset269
Property, plant and equipment1,3241,3821,3121,2861,2931
Long-term investments and receivables6501437  
Long-term investments6501437  
Intangible assets, net (including goodwill)294289253319327111
Goodwill999999
Intangible assets, net (excluding goodwill)285280245310318102
Total noncurrent assets:1,9521,6711,5791,6421,620112
Other undisclosed assets5,4635,3464,9644,9544,5802,207
TOTAL ASSETS:7,4677,0716,6226,6796,2542,341
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt314650809541
Off-market lease, unfavorable314650809541
Total noncurrent liabilities:314650809541
Other undisclosed liabilities3,5913,0722,6512,8862,4201,015
Total liabilities:3,6223,1182,7012,9662,5151,056
Temporary equity, carrying amount101010   
Stockholders' equity
Stockholders' equity attributable to parent, including:3,4173,5443,6383,1031,6661,179
Common stock222111
Additional paid in capital3,4163,5253,6233,1091,7111,071
Accumulated other comprehensive income (loss)(1)18139(1)(2)
Accumulated deficit   (17)(45)(35)
Other undisclosed stockholders' equity attributable to parent     145
Other undisclosed stockholders' equity2932872735992,06396
Total stockholders' equity:3,7093,8303,9113,7033,7291,275
Other undisclosed liabilities and equity125113 101010
TOTAL LIABILITIES AND EQUITY:7,4677,0716,6226,6796,2542,341

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues818728728640521253
Revenue, net728640521253
Cost of revenue    (434)(67)
Other undisclosed gross profit     (37)
Gross profit:81872872864087149
Operating expenses(656)(580)(592) (39)(137)
Other undisclosed operating income     37
Operating income:1631491376404749
Nonoperating income (expense)(107)(37)(88)  0
Investment income, nonoperating420  0
Other nonoperating income013  0
Interest and debt expense(106)(83)(90)(76)(51)(26)
Income (loss) from continuing operations before income taxes:(50)29(41)564(3)23
Other undisclosed income from continuing operations     1
Income (loss) from continuing operations:(50)29(41)564(3)24
Loss from discontinued operations     (0)
Other undisclosed income (loss) before gain (loss) on sale of properties  90  (5)
Income (loss) before gain (loss) on sale of properties:(50)2949564(3)18
Gain on sale of properties, net of applicable income taxes  46  6
Other undisclosed net income (loss)10683   (0)
Net income (loss):5611295564(3)24
Net loss attributable to noncontrolling interest (1)(1)(9)(4)(0)
Other undisclosed net loss attributable to parent   (527)(9)(13)
Net income (loss) attributable to parent:561119427(16)10
Preferred stock dividends and other adjustments(1)     
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)(1)
Other undisclosed net loss available to common stockholders, basic(12)(12)(25)   
Net income (loss) available to common stockholders, basic:43986827(16)10
Dilutive securities, effect on basic earnings per share0  0  
Net income (loss) available to common stockholders, diluted:43986828(16)10

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):5611295564(3)24
Other comprehensive income (loss)(18)  50(13)22
Other undisclosed comprehensive income 47   
Comprehensive income (loss):38116102613(17)46
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (9)(4)0
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(13)(14)(27)(566)6(37)
Comprehensive income (loss), net of tax, attributable to parent:251027538(15)9

Statements sources

The financial statements are based on the company's filings with the 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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