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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ 363,255 $ (41,930)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 260,771 342,316
Gain on real estate assets, net (232,597) (23,857)
Impairments 20,296 17,700
Equity-based compensation 6,755 6,880
Equity in income of unconsolidated entities and gain on joint venture (1,005) (691)
Distributions from unconsolidated entities 0 1,328
Loss (gain) on investments 464 (5,638)
Loss (gain) on derivative instruments 58 (378)
Non-cash restructuring expense 4,048 0
Loss (gain) on extinguishment and forgiveness of debt, net 1,472 (5,249)
Surrender of Limited Partner OP Units (26,536) 0
Changes in assets and liabilities:    
Investment in direct financing leases 821 1,041
Rent and tenant receivables, operating lease right-of-use and other assets, net (9,596) (23,561)
Assets held for sale classified as discontinued operations 0 (2,492)
Accounts payable and accrued expenses (13,104) 4,240
Deferred rent, operating lease and other liabilities (27,084) 3,781
Due to affiliates 0 (66)
Liabilities related to discontinued operations 0 (13,861)
Net cash provided by operating activities 348,018 259,563
Cash flows from investing activities:    
Investments in real estate assets (191,550) (179,198)
Capital expenditures and leasing costs (19,695) (7,735)
Real estate developments (10,537) (4,609)
Principal repayments received on investment securities and mortgage notes receivable 88 5,045
Investments in unconsolidated entities (2,767) 0
Return of investment from unconsolidated entities 0 85
Proceeds from disposition of real estate and joint venture 739,873 180,723
Proceeds from disposition of discontinued operations 0 123,925
Payments related to disposition of discontinued operations 0 (1,010)
Investment in leasehold improvements and other assets (798) (359)
Deposits for real estate assets (3,072) (6,648)
Proceeds from sale of investments and other assets 8,199 1,351
Uses and refunds of deposits for real estate assets 2,946 7,070
Proceeds from the settlement of property-related insurance claims 334 747
Line of credit advances to Cole REITs 0 (2,200)
Line of credit repayments from Cole REITs 0 3,800
Net cash provided by investing activities 523,021 120,987
Cash flows from financing activities:    
Proceeds from mortgage notes payable 0 128
Payments on mortgage notes payable and other debt, including debt extinguishment costs (175,962) (32,373)
Proceeds from credit facility 1,034,000 675,000
Payments on credit facility (537,000) (665,000)
Payments on corporate bonds, including extinguishment costs (750,000) 0
Payments of deferred financing costs (182) (20,578)
Repurchases of Common Stock under the Share Repurchase Programs 0 (50,154)
Repurchases of Common Stock to settle tax obligations (1,604) (2,148)
Proceeds from the issuance of Common Stock, net of underwriters’ discount 42,078 0
Contributions from non-controlling interest holders 64 0
Distributions paid (303,894) (303,949)
Net cash used in financing activities (692,500) (399,074)
Net change in cash and cash equivalents and restricted cash 178,539 (18,524)
Cash and cash equivalents and restricted cash, beginning of period 53,663 64,036
Less: cash and cash equivalents of discontinued operations 0 (2,198)
Cash and cash equivalents and restricted cash from continuing operations, beginning of period 53,663 61,838
Cash and cash equivalents and restricted cash from continuing operations, end of period 232,202 45,512
Cash and cash equivalents at beginning of period 30,758 34,176
Restricted cash at beginning of period 22,905 27,662
Cash and cash equivalents at end of period 211,510 18,434
Restricted cash at end of period 20,692 27,078
VEREIT Operating Partnership, L.P. [Member]    
Cash flows from operating activities:    
Net income (loss) 363,255 (41,930)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 260,771 342,316
Gain on real estate assets, net (232,597) (23,857)
Impairments 20,296 17,700
Equity-based compensation 6,755 6,880
Equity in income of unconsolidated entities and gain on joint venture (1,005) (691)
Distributions from unconsolidated entities 0 1,328
Loss (gain) on investments 464 (5,638)
Loss (gain) on derivative instruments 58 (378)
Non-cash restructuring expense 4,048 0
Loss (gain) on extinguishment and forgiveness of debt, net 1,472 (5,249)
Surrender of Limited Partner OP Units (26,536) 0
Changes in assets and liabilities:    
Investment in direct financing leases 821 1,041
Rent and tenant receivables, operating lease right-of-use and other assets, net (9,596) (23,561)
Assets held for sale classified as discontinued operations 0 (2,492)
Accounts payable and accrued expenses (13,104) 4,240
Deferred rent, operating lease and other liabilities (27,084) 3,781
Due to affiliates 0 (66)
Liabilities related to discontinued operations 0 (13,861)
Net cash provided by operating activities 348,018 259,563
Cash flows from investing activities:    
Investments in real estate assets (191,550) (179,198)
Capital expenditures and leasing costs (19,695) (7,735)
Real estate developments (10,537) (4,609)
Principal repayments received on investment securities and mortgage notes receivable 88 5,045
Investments in unconsolidated entities (2,767) 0
Return of investment from unconsolidated entities 0 85
Proceeds from disposition of real estate and joint venture 739,873 180,723
Proceeds from disposition of discontinued operations 0 123,925
Payments related to disposition of discontinued operations 0 (1,010)
Investment in leasehold improvements and other assets (798) (359)
Deposits for real estate assets (3,072) (6,648)
Proceeds from sale of investments and other assets 8,199 1,351
Uses and refunds of deposits for real estate assets 2,946 7,070
Proceeds from the settlement of property-related insurance claims 334 747
Line of credit advances to Cole REITs 0 (2,200)
Line of credit repayments from Cole REITs 0 3,800
Net cash provided by investing activities 523,021 120,987
Cash flows from financing activities:    
Proceeds from mortgage notes payable 0 128
Payments on mortgage notes payable and other debt, including debt extinguishment costs (175,962) (32,373)
Proceeds from credit facility 1,034,000 675,000
Payments on credit facility (537,000) (665,000)
Payments on corporate bonds, including extinguishment costs (750,000) 0
Payments of deferred financing costs (182) (20,578)
Repurchases of Common Stock under the Share Repurchase Programs 0 (50,154)
Repurchases of Common Stock to settle tax obligations (1,604) (2,148)
Proceeds from the issuance of Common Stock, net of underwriters’ discount 42,078 0
Contributions from non-controlling interest holders 64 0
Distributions paid (303,894) (303,949)
Net cash used in financing activities (692,500) (399,074)
Net change in cash and cash equivalents and restricted cash 178,539 (18,524)
Cash and cash equivalents and restricted cash, beginning of period 53,663 64,036
Less: cash and cash equivalents of discontinued operations 0 (2,198)
Cash and cash equivalents and restricted cash from continuing operations, beginning of period 53,663 61,838
Cash and cash equivalents and restricted cash from continuing operations, end of period 232,202 45,512
Cash and cash equivalents at beginning of period 30,758 34,176
Restricted cash at beginning of period 22,905 27,662
Cash and cash equivalents at end of period 211,510 18,434
Restricted cash at end of period $ 20,692 $ 27,078