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Hudson Pacific Properties cash flow, quarter by quarter

Latest: Q1 2026 · from the cash-flow statements filed with the SEC

Free cash flow$19.9M in Q1 2026 · $3.4M over twelve months

Operating cash flow$44.3M
Capital spending−$24.4M
Free cash flow+$19.9M

Analysis

In Q1 2026, Hudson Pacific Properties generated $44.3M of operating cash flow and spent $24.4M on capital projects, leaving free cash flow of $19.9M. That is $26.5M more than in Q1 2025 (−$6.6M).

Over the twelve months to Mar 31, 2026, operating cash flow was $135M; the largest uses were net borrowing (+) / repaid (−) ($731M), capital spending ($131M), other investing ($49.1M); besides operations, cash came from other financing ($621M), asset & business sales ($173M); the cash balance rose by $28.5M.

Operating cash flow was $44.3M against net income of −$50.9M. The largest differences: depreciation & amortization +$80.7M, payables +$16.3M, prepaid and other assets +$8.5M.

Free cash flow

Hudson Pacific Properties: free cash flow by quarterHudson Pacific Properties: free cash flow by quarter−$7.6MQ2 2024$15.1MQ3 2024−$62.5MQ4 2024−$6.6MQ1 2025−$40.4MQ2 2025−$445KQ3 2025$24.4MQ4 2025$19.9MQ1 2026
Operating cash flow less capital spending.
Hudson Pacific Properties: operating cash flow against capital spendingHudson Pacific Properties: operating cash flow against capital spendingOperating cash flowCapital spending$35.6M$43.3MQ2 2024$63.7M$48.6MQ3 2024$162K$62.7MQ4 2024$30.5M$37.1MQ1 2025−$2.0M$38.4MQ2 2025$33.2M$33.6MQ3 2025$59.3M$34.9MQ4 2025$44.3M$24.4MQ1 2026
Latest (Q1 2026): Operating cash flow $44.3M, Capital spending $24.4M.

Capital allocation, year by year

Hudson Pacific Properties: where the cash came from (up) and went (down), by fiscal yearHudson Pacific Properties: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $315MFY2021: Net borrowing $333MFY2021: Shares issued $45.0MFY2021: Capital spending −$339MFY2021: Acquisitions −$210MFY2021: Buybacks −$46.1MFY2021: Dividends −$155M$692MFY2021FY2022: Operating cash flow $370MFY2022: Net borrowing $683MFY2022: Asset sales $138MFY2022: Capital spending −$277MFY2022: Acquisitions −$199MFY2022: Buybacks −$37.2MFY2022: Dividends −$145M$1.2BFY2022FY2023: Operating cash flow $232MFY2023: Net borrowing −$821MFY2023: Asset sales $843MFY2023: Capital spending −$299MFY2023: Buybacks −$1.4MFY2023: Dividends −$55.0M$1.1BFY2023FY2024: Operating cash flow $165MFY2024: Net borrowing $143MFY2024: Asset sales $21.4MFY2024: Capital spending −$199MFY2024: Dividends −$15.4M$329MFY2024FY2025: Operating cash flow $121MFY2025: Net borrowing −$719MFY2025: Shares issued $523MFY2025: Asset sales $236MFY2025: Capital spending −$144MFY2025: Dividends −$351K$881MFY2025
Over these 5 years operating cash flow totalled $1.2B; the largest uses were net borrowing ($1.5B) and capital spending ($1.3B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$138M
Debtnone
Net cash$138M

Hudson Pacific Properties funds itself: free cash flow was $3.4M over the last twelve months, with $138M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Hudson Pacific Properties: sources (+) and uses (−) of cash, Q1 2026Hudson Pacific Properties: sources (+) and uses (−) of cash, Q1 2026Operating cash flow$44.3MCapital spending−$24.4MOther investing−$9.9MOther financing−$5.2MNet borrowing (+) / repaid (−)−$2.5MPartners−$1.4MDividends−$557KCash drawn (+) / kept (−)−$312KTaxes on employees’ shares−$78K
Hudson Pacific Properties: sources (+) and uses (−) of cash, TTM to Q1 2026Hudson Pacific Properties: sources (+) and uses (−) of cash, TTM to Q1 2026Net borrowing (+) / repaid (−)−$731MOther financing$621MAsset & business sales$173MOperating cash flow$135MCapital spending−$131MOther investing−$49.1MCash drawn (+) / kept (−)−$28.5MPartners$12.2MDividends−$555KTaxes on employees’ shares−$120K

From profit to cash

Hudson Pacific Properties: net income to operating cash flow, Q1 2026Hudson Pacific Properties: net income to operating cash flow, Q1 2026Net income−$50.9MDepreciation & amortization$80.7MStock-based pay$1.9MReceivables$802KPayables$16.3MPrepaid and other assets$8.5MOperating cash flow$44.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q1 2026$44.3M−$24.4M−$557K−$2.5M−$312K$19.9M
Q4 2025$59.3M−$34.9M$2K−$209M$52.3M$24.4M
Q3 2025$33.2M−$33.6M—−$31.8M$52.7M−$445K
Q2 2025−$2.0M−$38.4M—−$488M−$133M−$40.4M
Q1 2025$30.5M−$37.1M−$353K$9.3M−$34.7M−$6.6M
Q4 2024$162K−$62.7M—$36.0M$14.8M−$62.5M
Q3 2024$63.7M−$48.6M—$24.4M−$14.0M$15.1M
Q2 2024$35.6M−$43.3M−$7.5M−$5.7M$33.6M−$7.6M

Hudson Pacific Properties: income statement and cash flow

Hudson Pacific Properties, Q2 2026: revenue $188M (-0.9% year over year), operating margin -55.4%. The chart follows the revenue to costs, profit and cash.

Hudson Pacific Properties: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.