Company: HPP
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001482512-25-000029
Chunk: 119

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 119
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(79)Purchase of non-controlling interest— — 160,499 — 160,499 (201,518)(41,019)Issuance of unrestricted units— 1,326,898 — — — — — Consolidation of previously unconsolidated real estate entity— — — — — 55,593 55,593 Units withheld to satisfy tax withholding obligations— (96,689)(571)— (571)— (571)Repurchase of common units— — — — — — — Declared distributions(20,188)— (15,377)— (35,565)— (35,565)Amortization of unit-based compensation— — 27,722 — 27,722 — 27,722 Net income (loss)20,188 — (373,091)— (352,903)(25,056)(377,959)Other comprehensive (loss) income— — — (8,651)(8,651)142 (8,509)Balance, December 31, 2024$425,000 145,075,448 $2,532,898 $(8,713)$2,949,185 $169,452 $3,118,637 

The accompanying notes are an integral part of these consolidated financial statements.

F-15

HUDSON PACIFIC PROPERTIES, L.P.CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)

 Year Ended December 31, 202420232022CASH FLOWS FROM OPERATING ACTIVITIESNet loss$(381,406)$(170,700)$(16,517)Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation and amortization354,425 397,846 373,219 Non-cash interest expense7,738 21,867 5,154 Amortization of unit-based compensation26,009 23,863 24,296 Income from unconsolidated real estate entities7,308 3,902 (943)Unrealized loss on non-real estate investments3,958 3,120 1,440 Straight-line rents15,104 (701)(38,508)Straight-line rent expense5,121 5,118 3,198 Amort