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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (378,274) $ (115,872)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 379,133 503,529
Gain on real estate assets, net (251,106) (70,188)
Impairments 24,240 36,082
Equity-based compensation 9,899 10,203
Equity in income of unconsolidated entities and gain on joint venture (1,682) (1,644)
Distributions from unconsolidated entities 130 1,365
Loss (gain) on investments 492 (2,302)
Loss (gain) on derivative instruments 58 (447)
Non-cash restructuring expense 3,999 0
Loss (gain) on extinguishment and forgiveness of debt, net 497 (5,339)
Surrender of Limited Partner OP Units (26,536) 0
Changes in assets and liabilities:    
Investment in direct financing leases 1,230 1,524
Rent and tenant receivables, operating lease right-of-use and other assets, net (17,234) (28,520)
Assets held for sale classified as discontinued operations 0 (2,492)
Accounts payable and accrued expenses 786,839 132,686
Deferred rent, operating lease and other liabilities (26,460) (11,001)
Due to affiliates 0 (66)
Liabilities related to discontinued operations 0 (13,861)
Net cash provided by operating activities 505,225 433,657
Cash flows from investing activities:    
Investments in real estate assets (251,804) (278,385)
Capital expenditures and leasing costs (27,309) (13,116)
Real estate developments (17,274) (7,477)
Principal repayments received on investment securities and mortgage notes receivable 106 5,555
Investments in unconsolidated entities (2,767) 0
Return of investment from unconsolidated entities 154 48
Proceeds from disposition of real estate and joint venture 846,023 358,443
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 (1,417) (616)
Deposits for real estate assets (5,238) (11,957)
Proceeds from sale of investments and other assets 9,837 10,880
Uses and refunds of deposits for real estate assets 3,562 8,552
Proceeds from the settlement of property-related insurance claims 473 1,354
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 554,346 197,796
Cash flows from financing activities:    
Proceeds from mortgage notes payable 0 182
Payments on mortgage notes payable and other debt, including debt extinguishment costs (182,648) (125,418)
Proceeds from credit facility 1,061,000 1,558,000
Payments on credit facility (564,000) (950,000)
Payments on corporate bonds, including extinguishment costs (750,000) 0
Repayment of convertible notes 0 (597,500)
Payments of deferred financing costs (181) (20,719)
Repurchases of Common Stock under the Share Repurchase Programs 0 (50,154)
Repurchases of Common Stock to settle tax obligations (1,618) (2,209)
Proceeds from the issuance of Common Stock, net of underwriters’ discount and offering expenses 929,004 0
Redemption of Series F Preferred Stock (100,096) 0
Contributions from non-controlling interest holders 64 120
Distributions paid (454,702) (455,078)
Net cash used in financing activities (63,177) (642,776)
Net change in cash and cash equivalents and restricted cash 996,394 (11,323)
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 1,050,057 52,713
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 1,029,315 25,264
Restricted cash at end of period 20,742 27,449
VEREIT Operating Partnership, L.P. [Member]    
Cash flows from operating activities:    
Net loss (378,274) (115,872)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 379,133 503,529
Gain on real estate assets, net (251,106) (70,188)
Impairments 24,240 36,082
Equity-based compensation 9,899 10,203
Equity in income of unconsolidated entities and gain on joint venture (1,682) (1,644)
Distributions from unconsolidated entities 130 1,365
Loss (gain) on investments 492 (2,302)
Loss (gain) on derivative instruments 58 (447)
Non-cash restructuring expense 3,999 0
Loss (gain) on extinguishment and forgiveness of debt, net 497 (5,339)
Surrender of Limited Partner OP Units (26,536) 0
Changes in assets and liabilities:    
Investment in direct financing leases 1,230 1,524
Rent and tenant receivables, operating lease right-of-use and other assets, net (17,234) (28,520)
Assets held for sale classified as discontinued operations 0 (2,492)
Accounts payable and accrued expenses 786,839 132,686
Deferred rent, operating lease and other liabilities (26,460) (11,001)
Due to affiliates 0 (66)
Liabilities related to discontinued operations 0 (13,861)
Net cash provided by operating activities 505,225 433,657
Cash flows from investing activities:    
Investments in real estate assets (251,804) (278,385)
Capital expenditures and leasing costs (27,309) (13,116)
Real estate developments (17,274) (7,477)
Principal repayments received on investment securities and mortgage notes receivable 106 5,555
Investments in unconsolidated entities (2,767) 0
Return of investment from unconsolidated entities 154 48
Proceeds from disposition of real estate and joint venture 846,023 358,443
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 (1,417) (616)
Deposits for real estate assets (5,238) (11,957)
Proceeds from sale of investments and other assets 9,837 10,880
Uses and refunds of deposits for real estate assets 3,562 8,552
Proceeds from the settlement of property-related insurance claims 473 1,354
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 554,346 197,796
Cash flows from financing activities:    
Proceeds from mortgage notes payable 0 182
Payments on mortgage notes payable and other debt, including debt extinguishment costs (182,648) (125,418)
Proceeds from credit facility 1,061,000 1,558,000
Payments on credit facility (564,000) (950,000)
Payments on corporate bonds, including extinguishment costs (750,000) 0
Repayment of convertible notes 0 (597,500)
Payments of deferred financing costs (181) (20,719)
Repurchases of Common Stock under the Share Repurchase Programs 0 (50,154)
Repurchases of Common Stock to settle tax obligations (1,618) (2,209)
Proceeds from the issuance of Common Stock, net of underwriters’ discount and offering expenses 929,004 0
Redemption of Series F Preferred Stock (100,096) 0
Contributions from non-controlling interest holders 64 120
Distributions paid (454,702) (455,078)
Net cash used in financing activities (63,177) (642,776)
Net change in cash and cash equivalents and restricted cash 996,394 (11,323)
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 1,050,057 52,713
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 1,029,315 25,264
Restricted cash at end of period $ 20,742 $ 27,449