Company: HPP
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001482512-25-000029
Chunk: 108

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 108
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 — (8,230)(421)142 (8,509)Redemption of common units in the operating partnership— 6,698 — 133 — — (133)— — Balance, December 31, 2024$425,000 141,279,102 $1,403 $2,437,484 $— $(8,417)$93,715 $169,452 $3,118,637 

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

F-8

HUDSON PACIFIC PROPERTIES, INC.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 stock-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 Amortization of above- and below-market leases, net(4,925)(6,235)(8,032)Amortization of above- and below-market ground lease, net2,626 2,752 2,731 Amortization of lease incentive costs1,659 1,115 1,545 Distribution of income from unconsolidated real estate entities— — 1,243 Impairment loss149,664 60,158 28,548 Earnout liability fair value adjustment— (4,300)1,757 Loss (gain) on sale of real estate2,453 (103,202)2,164 Loss on sale of bonds— 34,046 — Gain from insurance proceeds— — (1,167)Deferred tax provision593 6,609 — Gain on extinguishment of debt— (10