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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - OP - USD ($)
$ in Thousands
Total
General Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
VEREIT Operating Partnership, L.P. [Member]
Total Partners' Capital [Member]
VEREIT Operating Partnership, L.P. [Member]
Preferred Units [Member]
General Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Preferred Units [Member]
Limited Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Common Units [Member]
General Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Common Units [Member]
Limited Partner [Member]
VEREIT Operating Partnership, L.P. [Member]
Noncontrolling Interest [Member]
Beginning balance (shares) at Dec. 31, 2013         42,199,547 721,465 239,234,725 17,832,274  
Beginning balance at Dec. 31, 2013     $ 2,229,228 $ 2,228,661 $ 1,054,989 $ 16,466 $ 1,018,123 $ 139,083 $ 567
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Issuance of Common OP units, net (shares) [1]             662,305,318 7,956,297  
Issuance of Common OP units, net [1]     9,082,747 9,082,747     $ 8,930,263 $ 152,484  
Repurchases of Common OP Units to settle tax obligation (shares)             (551,664)    
Repurchases of Common OP Units to settle tax obligation $ (7,690)   (7,690) (7,690)     $ (7,690)    
Conversion of Limited Partner' Units to General Partner's Units (shares)         634,591 (634,591) 1,108,351 (1,108,351)  
Conversion of Limited Partners' Units to General Partner's Units     0 0 $ 12,677 $ (12,677) $ 16,046 $ (16,046)  
Equity-based compensation, net of forfeitures (shares)             3,433,701    
Equity-based compensation, net     31,861 31,861     $ 30,261 1,600  
Excess tax benefit 4,458   4,458 4,458     4,458    
Distributions to Common OP Units and non-controlling interest holders (36,318)   (861,030) (858,568)     (824,712) $ (33,856) (2,462)
Distributions     (98,722) (98,722) $ (70,679) $ (414) (27,629)    
Contributions from non-controlling interest holders 982   982           982
Non-controlling interests retained 24,766   24,766           24,766
Redemption of OP Units (shares)               (916,423)  
Redemption of OP Units     (8,420) (8,420)       $ (8,420)  
Net (loss) income (1,010,912)   (1,010,912) (1,010,758)     (977,185) (33,573) (154)
Other comprehensive loss (4,938)   (4,938) (4,938)     $ (4,768) $ (170)  
Ending balance (shares) at Dec. 31, 2014         42,834,138 86,874 905,530,431 23,763,797  
Ending balance at Dec. 31, 2014     9,382,330 9,358,631 $ 996,987 $ 3,375 $ 8,157,167 $ 201,102 23,699
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Repurchases of Common OP Units to settle tax obligation (shares)             (268,414)    
Repurchases of Common OP Units to settle tax obligation (2,227)   (2,227) (2,227)     $ (2,227)    
Equity-based compensation, net of forfeitures (shares)             (377,623)    
Equity-based compensation, net     14,500 14,500     $ 14,500    
Distributions to Common OP Units and non-controlling interest holders (45,594)   (294,894) (256,919)     (249,300) (7,619) (37,975)
Distributions     (71,478) (71,478) $ (71,418) $ (60)      
Disposition of joint venture interest 14,859   14,859           14,859
Tax shortfall from equity-based compensation (764)   (764) (764)     (764)    
Net (loss) income (323,492)   (323,492) (324,766)     (316,353) (8,413) 1,274
Other comprehensive loss (4,875)   (4,875) (4,875)     $ (4,605) $ (270)  
Ending balance (shares) at Dec. 31, 2015         42,834,138 86,874 904,884,394 23,763,797  
Ending balance at Dec. 31, 2015     8,713,959 8,712,102 $ 925,569 $ 3,315 $ 7,598,418 $ 184,800 1,857
Increase (Decrease) in Partners' Capital [Roll Forward]                  
Issuance of Common OP units, net (shares)             69,000,000    
Issuance of Common OP units, net     702,476 702,476     $ 702,476    
Repurchases of Common OP Units to settle tax obligation (shares)   (481,261)         (481,261)    
Repurchases of Common OP Units to settle tax obligation (4,652)   (4,652) (4,652)     $ (4,652)    
Conversion of Limited Partner' Units to General Partner's Units (shares)             15,450 (15,450)  
Conversion of Limited Partners' Units to General Partner's Units     0 0     $ 159 $ (159)  
Equity-based compensation, net of forfeitures (shares)             728,067    
Equity-based compensation, net     10,728 10,728     $ 10,728    
Distributions to Common OP Units and non-controlling interest holders (13,183)   (530,378) (530,263)     (517,195) (13,068) (115)
Distributions     (71,892) (71,892) $ (71,748) $ (144)      
Contributions from non-controlling interest holders 675   675           675
Net (loss) income (200,824)   (200,824) (200,810)     (195,863) (4,947) (14)
Other comprehensive loss $ (559)   (559) (559)     $ (531) $ (28)  
Ending balance (shares) at Dec. 31, 2016         42,834,138 86,874 974,146,650 23,748,347  
Ending balance at Dec. 31, 2016     $ 8,619,533 $ 8,617,130 $ 853,821 $ 3,171 $ 7,593,540 $ 166,598 $ 2,403
[1] Includes $2.2 million issued to affiliates of the Former Manager (as defined in Note 1 – Organization) for the year ended December 31, 2014. No such amounts were issued to affiliates of the Former Manager during the years ended December 31, 2016 and 2015.