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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (116,080) $ (30,693)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 208,362 224,111
(Gain) loss on real estate assets and joint venture, net (27,373) 31,368
Impairments 160,517 0
Equity-based compensation 1,730 818
Equity in income of unconsolidated entities (206) (28)
Distributions from unconsolidated entities 1,491 2,866
Loss on derivative instruments 1,086 1,028
(Gain) on investment securities 0 (233)
Gain on extinguishment and forgiveness of debt, net 0 (5,307)
Changes in assets and liabilities:    
Investment in direct financing leases 701 495
Rent and tenant receivables and other assets, net (13,024) (30,757)
Due from affiliates (984) 27,665
Accounts payable and accrued expenses (32,556) 2,013
Deferred rent, derivative and other liabilities (4,822) 6,798
Due to affiliates (230) (12)
Net cash provided by operating activities 178,612 230,132
Cash flows from investing activities:    
Investments in real estate assets (19,952) (7,627)
Capital expenditures and leasing costs (5,388) (3,649)
Real estate developments (554) (15,998)
Principal repayments received from borrowers 3,863 3,668
Proceeds from disposition of real estate and joint venture 176,137 245,548
Investment in leasehold improvements and other assets (574) 0
Deposits for real estate assets (3,818) (3,509)
Uses and refunds of deposits for real estate assets 2,019 7,939
Line of credit advances to affiliates 0 (10,000)
Line of credit repayments from affiliates 50,000 10,000
Change in restricted cash (365) (6,315)
Net cash provided by investing activities 201,368 220,057
Cash flows from financing activities:    
Proceeds from mortgage notes payable 206 1,158
Payments on mortgage notes payable and other debt 21,948 59,308
Proceeds from credit facilities 203,000 0
Payments on credit facilities (383,000) 0
Payments of deferred financing costs (240) (326)
Repurchases of common stock / units to settle tax obligations (801) (1,207)
Contributions from non-controlling interest holders 675 0
Distributions paid (142,525) (18,478)
Net cash used in financing activities (344,633) (78,161)
Net change in cash and cash equivalents 35,347 372,028
Cash and cash equivalents, beginning of period 69,103 416,711
Cash and cash equivalents, end of period 104,450 788,739
VEREIT Operating Partnership, L.P. [Member]    
Cash flows from operating activities:    
Net loss (116,080) (30,693)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 208,362 224,111
(Gain) loss on real estate assets and joint venture, net (27,373) 31,368
Impairments 160,517 0
Equity-based compensation 1,730 818
Equity in income of unconsolidated entities (206) (28)
Distributions from unconsolidated entities 1,491 2,866
Loss on derivative instruments 1,086 1,028
(Gain) on investment securities 0 (233)
Gain on extinguishment and forgiveness of debt, net 0 (5,307)
Changes in assets and liabilities:    
Investment in direct financing leases 701 495
Rent and tenant receivables and other assets, net (13,024) (30,757)
Due from affiliates (984) 27,665
Accounts payable and accrued expenses (32,556) 2,013
Deferred rent, derivative and other liabilities (4,822) 6,798
Due to affiliates (230) (12)
Net cash provided by operating activities 178,612 230,132
Cash flows from investing activities:    
Investments in real estate assets (19,952) (7,627)
Capital expenditures and leasing costs (5,388) (3,649)
Real estate developments (554) (15,998)
Principal repayments received from borrowers 3,863 3,668
Proceeds from disposition of real estate and joint venture 176,137 245,548
Investment in leasehold improvements and other assets (574) 0
Deposits for real estate assets (3,818) (3,509)
Uses and refunds of deposits for real estate assets 2,019 7,939
Line of credit advances to affiliates 0 (10,000)
Line of credit repayments from affiliates 50,000 10,000
Change in restricted cash (365) (6,315)
Net cash provided by investing activities 201,368 220,057
Cash flows from financing activities:    
Proceeds from mortgage notes payable 206 1,158
Payments on mortgage notes payable and other debt 21,948 59,308
Proceeds from credit facilities 203,000 0
Payments on credit facilities (383,000) 0
Payments of deferred financing costs (240) (326)
Repurchases of common stock / units to settle tax obligations (801) (1,207)
Contributions from non-controlling interest holders 675 0
Distributions paid (142,525) (18,478)
Net cash used in financing activities (344,633) (78,161)
Net change in cash and cash equivalents 35,347 372,028
Cash and cash equivalents, beginning of period 69,103 416,711
Cash and cash equivalents, end of period $ 104,450 $ 788,739