Company: HPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001482512-25-000150
Chunk: 67

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 equity in earnings or losses and cash contributions and distributions. Refer to Note 5 for further details regarding our investments in unconsolidated joint ventures.Revenue from Contracts with CustomersThe following table summarizes the Company’s revenue streams that are accounted for under ASC 606 for the three and nine months ended September 30, 2025 and 2024:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Ancillary revenues$17,375 $18,434 $54,947 $68,821 Other revenues$6,824 $4,571 $20,106 $13,182 Studio-related tenant recoveries$561 $760 $1,701 $1,721 Management fee income$1,082 $1,437 $3,917 $3,933 Management services reimbursement income$1,084 $989 $3,182 $3,187 The following table summarizes the Company’s receivables that are accounted for under ASC 606 as of:September 30, 2025December 31, 2024Ancillary revenues$3,486 $4,834 Other revenues$1,194 $1,107 GoodwillAs of September 30, 2025 and December 31, 2024, the carrying value of goodwill was $156.5 million. No impairment was recorded during the nine months ended ended September 30, 2025.

Recently Issued Accounting PronouncementsIn December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company’s annual periods beginning after December 15, 2024, with early adoption permitted, and should be applied either prospectively or retrospectively. The Company is currently evaluating this guidance and the impact it may have on the Company’s consolidated financial statements.In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The amendments will require public entities to disclose additional information about specific expense categories in the notes to the financial statements on an interim and annual basis.