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Hudson Pacific Properties, Inc. (HPP)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues  896.8805.0818.2728.4728.1639.6520.9253.4
            Revenue growth  11.4%-1.6%12.3%0.0%13.8%22.8%105.5%23.3%
Cost of goods sold  335.8299.8301.5267.70.00.00.00.0
Gross profit  561.0505.2516.7460.7728.1639.6520.9253.4
            Gross margin  62.6%62.8%63.1%63.2%100.0%100.0%100.0%100.0%
Selling, general and administrative   [+]71.377.971.961.054.552.438.528.3
Equity in earnings  1.80.7-0.7     
Other operating expenses  7.25.458.0-43.7208.6200.2189.9104.3
EBITDA   [+]484.3422.6386.0443.4465.1387.1292.5120.9
            EBITDA margin  54.0%52.5%47.2%60.9%63.9%60.5%56.2%47.7%
Depreciation and amortization  343.6299.7282.1251.0283.6269.1245.172.2
EBIT   [+]140.7123.0103.9192.4181.5118.047.448.7
            EBIT margin  15.7%15.3%12.7%26.4%24.9%18.4%9.1%19.2%
Non-recurring items   [+]-2.8 -52.2     
Interest expense, net   [+]118.1109.7101.181.489.975.850.525.9
Other income (expense), net   [+]3.73.20.80.83.01.6-12.90.9
Pre-tax income  29.016.455.8111.894.643.8-16.123.7
Income taxes  0.00.00.00.00.00.00.013.7
            Tax rate  0.0%0.0%0.0%0.0%0.0%0.0%0.0%58.0%
Minority interest         -0.1
Earnings from continuing ops  6.10.442.798.167.627.2-16.447.6
Earnings from discontinued ops         -0.2
Net income  6.10.442.798.167.627.2-16.447.4
            Net margin  0.7%0.0%5.2%13.5%9.3%4.3%-3.1%18.7%
   
Basic EPS   [+]$0.04$0.00$0.28$0.63$0.44$0.26($0.19)$0.72
Diluted EPS   [+]$0.04$0.00$0.27$0.63$0.44$0.25($0.19)$0.72
   
Dividends per share   [+]$1.00$1.00$1.00$1.00$1.00$0.80$0.88$0.53
   
Shares outstanding (basic)   [+]151.6153.1154.4155.4153.5106.285.965.8
Shares outstanding (diluted)   [+]151.9153.2156.6155.7153.9110.485.966.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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