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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (131,261) $ (650,485)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Issuance of OP Units 0 92,884
Depreciation and amortization 660,715 744,545
Loss on real estate assets and interest in joint venture, net 55,855 275,768
Impairments 85,341 3,855
Equity-based compensation 10,189 32,805
Equity in income of unconsolidated entities (1,611) (247)
Distributions from unconsolidated entities 9,578 6,149
Loss on derivative instruments 2,137 10,398
Gain on sale and unrealized gains of investments securities (65) (6,357)
Gain on extinguishment and forgiveness of debt (5,307) (14,637)
Changes in assets and liabilities:    
Investment in direct financing leases 1,503 1,147
Deferred costs and other assets (59,509) (116,614)
Due from affiliates 19,141 (2,365)
Accounts payable and accrued expenses 6,679 (53,434)
Deferred rent, derivative and other liabilities (24,939) (20,748)
Due to affiliates (318) (37,520)
Net cash provided by operating activities 628,128 265,144
Cash flows from investing activities:    
Investments in real estate and other assets (10,207) (3,517,290)
Acquisition of real estate businesses, net of cash acquired 0 (756,232)
Capital expenditures and leasing costs (10,880) (33,378)
Real estate developments (51,863) (33,610)
Principal repayments received from borrowers 6,043 5,091
Investments in unconsolidated entities 0 (2,699)
Proceeds from disposition of interest in joint venture 43,041 0
Proceeds from disposition of real estate assets, net 370,229 129,212
Investment in leasehold improvements, property and equipment 0 (11,074)
Proceeds from sale of investments 229 159,049
Deposits for real estate assets (15,105) (205,896)
Uses and refunds of deposits for real estate assets 42,619 278,362
Line of credit advances to affiliates (10,000) (130,300)
Line of credit repayments from affiliates 10,000 80,300
Change in restricted cash 10,488 (18,709)
Net cash provided by (used in) investing activities 384,594 (4,057,174)
Cash flows from financing activities:    
Proceeds from mortgage notes payable 1,379 1,007,787
Payments on mortgage notes payable and other debt (113,570) (1,137,329)
Proceeds from credit facilities 0 5,689,000
Payments on credit facilities (1,074,000) (4,708,800)
Proceeds from corporate bonds 0 2,545,760
Payments of deferred financing costs (2,412) (92,233)
Repurchases of common stock/units for tax obligation (1,634) 0
Proceeds from issuances of common stock/OP units, net of offering costs 0 1,593,345
Redemption of Series D Preferred Stock/Units 0 (316,126)
Contributions from non-controlling interest holders 0 982
Distributions paid (67,537) (697,771)
Net cash (used in) provided by financing activities (1,257,774) 3,884,615
Net change in cash and cash equivalents (245,052) 92,585
Cash and cash equivalents, beginning of period 416,711 52,725
Cash and cash equivalents, end of period 171,659 145,310
VEREIT Operating Partnership, L.P. [Member]    
Cash flows from operating activities:    
Net loss (131,261) (650,485)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Issuance of OP Units 0 92,884
Depreciation and amortization 660,715 744,545
Loss on real estate assets and interest in joint venture, net 55,855 275,768
Impairments 85,341 3,855
Equity-based compensation 10,189 32,805
Equity in income of unconsolidated entities (1,611) (247)
Distributions from unconsolidated entities 9,578 6,149
Loss on derivative instruments 2,137 10,398
Gain on sale and unrealized gains of investments securities (65) (6,357)
Gain on extinguishment and forgiveness of debt (5,307) (14,637)
Changes in assets and liabilities:    
Investment in direct financing leases 1,503 1,147
Deferred costs and other assets (59,509) (116,614)
Due from affiliates 19,141 (2,365)
Accounts payable and accrued expenses 6,679 (53,434)
Deferred rent, derivative and other liabilities (24,939) (20,748)
Due to affiliates (318) (37,520)
Net cash provided by operating activities 628,128 265,144
Cash flows from investing activities:    
Investments in real estate and other assets (10,207) (3,517,290)
Acquisition of real estate businesses, net of cash acquired 0 (756,232)
Capital expenditures and leasing costs (10,880) (33,378)
Real estate developments (51,863) (33,610)
Principal repayments received from borrowers 6,043 5,091
Investments in unconsolidated entities 0 (2,699)
Proceeds from disposition of interest in joint venture 43,041 0
Proceeds from disposition of real estate assets, net 370,229 129,212
Investment in leasehold improvements, property and equipment 0 (11,074)
Proceeds from sale of investments 229 159,049
Deposits for real estate assets (15,105) (205,896)
Uses and refunds of deposits for real estate assets 42,619 278,362
Line of credit advances to affiliates (10,000) (130,300)
Line of credit repayments from affiliates 10,000 80,300
Change in restricted cash 10,488 (18,709)
Net cash provided by (used in) investing activities 384,594 (4,057,174)
Cash flows from financing activities:    
Proceeds from mortgage notes payable 1,379 1,007,787
Payments on mortgage notes payable and other debt (113,570) (1,137,329)
Proceeds from credit facilities 0 5,689,000
Payments on credit facilities (1,074,000) (4,708,800)
Proceeds from corporate bonds 0 2,545,760
Payments of deferred financing costs (2,412) (92,233)
Repurchases of common stock/units for tax obligation (1,634) 0
Proceeds from issuances of common stock/OP units, net of offering costs 0 1,593,345
Redemption of Series D Preferred Stock/Units 0 (316,126)
Contributions from non-controlling interest holders 0 982
Distributions paid (67,537) (697,771)
Net cash (used in) provided by financing activities (1,257,774) 3,884,615
Net change in cash and cash equivalents (245,052) 92,585
Cash and cash equivalents, beginning of period 416,711 52,725
Cash and cash equivalents, end of period $ 171,659 $ 145,310