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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ 48,976 $ (112,847)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 380,416 410,268
Gain on real estate assets and joint venture, net (55,120) (27,810)
Impairments 24,494 169,342
Equity-based compensation 7,559 4,509
Equity in loss (income) of unconsolidated entities (431) (276)
Distributions from unconsolidated entities 1,578 2,571
(Gain) loss on investment securities (65) 0
(Gain) loss on derivative instruments, net (1,416) 1,263
Gain on extinguishment and forgiveness of debt, net (8,935) (252)
Changes in assets and liabilities:    
Investment in direct financing leases 1,085 1,290
Rent and tenant receivables and other assets, net (33,086) (34,799)
Due from affiliates 7,014 2,590
Accounts payable and accrued expenses 9,106 6,717
Deferred rent, derivative and other liabilities 5,010 (12,140)
Due to affiliates 73 (230)
Net cash provided by operating activities 386,258 410,196
Cash flows from investing activities:    
Investments in real estate assets (154,371) (19,952)
Capital expenditures and leasing costs (9,887) (6,022)
Real estate developments (6,841) (5,071)
Principal repayments received from borrowers 5,781 4,370
Proceeds from disposition of real estate and joint venture 301,320 345,251
Investment in leasehold improvements and other assets (192) (1,007)
Deposits for real estate assets (25,827) (7,573)
Uses and refunds of deposits for real estate assets 20,201 6,014
Line of credit repayments from affiliates 6,250 50,000
Change in restricted cash 4,023 (1,070)
Net cash provided by investing activities 140,457 364,940
Cash flows from financing activities:    
Proceeds from mortgage notes payable 3,091 511
Payments on mortgage notes payable and other debt, including extinguishment costs (187,090) (106,707)
Proceeds from credit facility 0 453,000
Payments on credit facility 0 (858,000)
Proceeds from corporate bonds 0 1,000,000
Payments of deferred financing costs (16) (16,727)
Repurchases of common stock/units under the Share Repurchase Program (518) 0
Repurchases of common stock/units to settle tax obligations (1,698) (1,798)
Contributions from non-controlling interest holders 0 675
Distributions paid (304,438) (285,573)
Net cash (used in) provided by financing activities (490,669) 185,381
Net change in cash and cash equivalents 36,046 960,517
Cash and cash equivalents, beginning of period 256,452 69,103
Cash and cash equivalents, end of period 292,498 1,029,620
VEREIT Operating Partnership, L.P. [Member]    
Cash flows from operating activities:    
Net income (loss) 48,976 (112,847)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 380,416 410,268
Gain on real estate assets and joint venture, net (55,120) (27,810)
Impairments 24,494 169,342
Equity-based compensation 7,559 4,509
Equity in loss (income) of unconsolidated entities (431) (276)
Distributions from unconsolidated entities 1,578 2,571
(Gain) loss on investment securities (65) 0
(Gain) loss on derivative instruments, net (1,416) 1,263
Gain on extinguishment and forgiveness of debt, net (8,935) (252)
Changes in assets and liabilities:    
Investment in direct financing leases 1,085 1,290
Rent and tenant receivables and other assets, net (33,086) (34,799)
Due from affiliates 7,014 2,590
Accounts payable and accrued expenses 9,106 6,717
Deferred rent, derivative and other liabilities 5,010 (12,140)
Due to affiliates 73 (230)
Net cash provided by operating activities 386,258 410,196
Cash flows from investing activities:    
Investments in real estate assets (154,371) (19,952)
Capital expenditures and leasing costs (9,887) (6,022)
Real estate developments (6,841) (5,071)
Principal repayments received from borrowers 5,781 4,370
Proceeds from disposition of real estate and joint venture 301,320 345,251
Investment in leasehold improvements and other assets (192) (1,007)
Deposits for real estate assets (25,827) (7,573)
Uses and refunds of deposits for real estate assets 20,201 6,014
Line of credit repayments from affiliates 6,250 50,000
Change in restricted cash 4,023 (1,070)
Net cash provided by investing activities 140,457 364,940
Cash flows from financing activities:    
Proceeds from mortgage notes payable 3,091 511
Payments on mortgage notes payable and other debt, including extinguishment costs (187,090) (106,707)
Proceeds from credit facility 0 453,000
Payments on credit facility 0 (858,000)
Proceeds from corporate bonds 0 1,000,000
Payments of deferred financing costs (16) (16,727)
Repurchases of common stock/units under the Share Repurchase Program (518) 0
Repurchases of common stock/units to settle tax obligations (1,698) (1,798)
Contributions from non-controlling interest holders 0 675
Distributions paid (304,438) (285,573)
Net cash (used in) provided by financing activities (490,669) 185,381
Net change in cash and cash equivalents 36,046 960,517
Cash and cash equivalents, beginning of period 256,452 69,103
Cash and cash equivalents, end of period $ 292,498 $ 1,029,620