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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ 14,790 $ (116,080)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 189,880 208,362
Gain on real estate assets and joint venture, net (12,481) (27,373)
Impairments 6,725 160,517
Equity-based compensation 3,111 1,730
Equity in loss (income) of unconsolidated entities 82 (206)
Distributions from unconsolidated entities 851 1,491
(Gain) loss on derivative instruments, net (824) 1,086
Loss on extinguishment and forgiveness of debt, net 70 0
Changes in assets and liabilities:    
Investment in direct financing leases 621 701
Rent and tenant receivables and other assets, net (20,939) (13,024)
Due from affiliates 3,792 (984)
Accounts payable and accrued expenses (3,269) (32,556)
Deferred rent, derivative and other liabilities 1,935 (4,822)
Due to affiliates (9) (230)
Net cash provided by operating activities 184,335 178,612
Cash flows from investing activities:    
Investments in real estate assets (101,914) (19,952)
Capital expenditures and leasing costs (6,960) (5,388)
Real estate developments (5,615) (554)
Principal repayments received from borrowers 3,672 3,863
Proceeds from disposition of real estate and joint venture 195,730 176,137
Investment in leasehold improvements and other assets (99) (574)
Deposits for real estate assets (13,532) (3,818)
Uses and refunds of deposits for real estate assets 7,717 2,019
Line of credit repayments from affiliates 2,550 50,000
Change in restricted cash (1,694) (365)
Net cash provided by investing activities 79,855 201,368
Cash flows from financing activities:    
Proceeds from mortgage notes payable 2,403 206
Payments on mortgage notes payable and other debt, including extinguishment costs (84,261) (21,948)
Proceeds from credit facility 0 203,000
Payments on credit facility 0 (383,000)
Payments of deferred financing costs (3) (240)
Repurchases of common stock / units to settle tax obligations (976) (801)
Contributions from non-controlling interest holders 0 675
Distributions paid (152,219) (142,525)
Net cash used in financing activities (235,056) (344,633)
Net change in cash and cash equivalents 29,134 35,347
Cash and cash equivalents, beginning of period 256,452 69,103
Cash and cash equivalents, end of period 285,586 104,450
VEREIT Operating Partnership, L.P. [Member]    
Cash flows from operating activities:    
Net income (loss) 14,790 (116,080)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 189,880 208,362
Gain on real estate assets and joint venture, net (12,481) (27,373)
Impairments 6,725 160,517
Equity-based compensation 3,111 1,730
Equity in loss (income) of unconsolidated entities 82 (206)
Distributions from unconsolidated entities 851 1,491
(Gain) loss on derivative instruments, net (824) 1,086
Loss on extinguishment and forgiveness of debt, net 70 0
Changes in assets and liabilities:    
Investment in direct financing leases 621 701
Rent and tenant receivables and other assets, net (20,939) (13,024)
Due from affiliates 3,792 (984)
Accounts payable and accrued expenses (3,269) (32,556)
Deferred rent, derivative and other liabilities 1,935 (4,822)
Due to affiliates (9) (230)
Net cash provided by operating activities 184,335 178,612
Cash flows from investing activities:    
Investments in real estate assets (101,914) (19,952)
Capital expenditures and leasing costs (6,960) (5,388)
Real estate developments (5,615) (554)
Principal repayments received from borrowers 3,672 3,863
Proceeds from disposition of real estate and joint venture 195,730 176,137
Investment in leasehold improvements and other assets (99) (574)
Deposits for real estate assets (13,532) (3,818)
Uses and refunds of deposits for real estate assets 7,717 2,019
Line of credit repayments from affiliates 2,550 50,000
Change in restricted cash (1,694) (365)
Net cash provided by investing activities 79,855 201,368
Cash flows from financing activities:    
Proceeds from mortgage notes payable 2,403 206
Payments on mortgage notes payable and other debt, including extinguishment costs (84,261) (21,948)
Proceeds from credit facility 0 203,000
Payments on credit facility 0 (383,000)
Payments of deferred financing costs (3) (240)
Repurchases of common stock / units to settle tax obligations (976) (801)
Contributions from non-controlling interest holders 0 675
Distributions paid (152,219) (142,525)
Net cash used in financing activities (235,056) (344,633)
Net change in cash and cash equivalents 29,134 35,347
Cash and cash equivalents, beginning of period 256,452 69,103
Cash and cash equivalents, end of period $ 285,586 $ 104,450