Quarterly report pursuant to Section 13 or 15(d)

VEREIT OFFICE ASSETS COMBINED AND CONSOLIDATED STATEMENT OF CASH FLOWS

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VEREIT OFFICE ASSETS COMBINED AND CONSOLIDATED STATEMENT OF CASH FLOWS
$ in Thousands
 9 Months Ended
Sep. 30, 2021
USD ($)
Cash flows from operating activities:  
Net income $ 7,423
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization 17,855
Impairments 0
Loss on extinguishment of debt, net 3,499
Equity in loss of unconsolidated joint venture 0
Changes in assets and liabilities:  
Accounts payable and accrued expenses 1,652
Net cash provided by operating activities 29,498
Cash flows from investing activities:  
Capital expenditures and leasing costs (160)
Return of investment from unconsolidated joint venture 0
Net cash provided by (used in) investing activities (160)
Cash flows from financing activities:  
Payments on mortgage notes payable (26,851)
Net cash used in financing activities (32,722)
Net change in cash and cash equivalents and restricted cash (3,384)
Cash and cash equivalents and restricted cash at the beginning of the period 3,915
Cash and cash equivalents and restricted cash at the end of the period 531
Supplemental disclosures:  
Cash paid for interest 1,200
VEREIT Office Assets  
Cash flows from operating activities:  
Net income 8,514
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization 44,167
Impairments 28,064
Loss on extinguishment of debt, net 85
Equity in loss of unconsolidated joint venture (621)
Distributions from unconsolidated joint venture 621
Changes in assets and liabilities:  
Rents and tenant receivables, operating lease right-of-use and other assets, net 1,214
Accounts payable and accrued expenses (3,276)
Deferred rent, operating lease and other liabilities 550
Net cash provided by operating activities 79,318
Cash flows from investing activities:  
Capital expenditures and leasing costs (4,531)
Real estate developments (240)
Investments in unconsolidated joint venture (2,180)
Return of investment from unconsolidated joint venture 1,026
Proceeds from the settlement of property-related insurance claims 70
Net cash provided by (used in) investing activities (5,855)
Cash flows from financing activities:  
Payments on mortgage notes payable (74,600)
Refunds of deferred financing costs 280
Net contributions from parent 989
Net cash used in financing activities (73,331)
Net change in cash and cash equivalents and restricted cash 132
Cash and cash equivalents and restricted cash at the beginning of the period 3,414
Cash and cash equivalents and restricted cash at the end of the period 3,546
Supplemental disclosures:  
Cash paid for interest 5,886
Non-cash investing and financing activities:  
Accrued capital expenditures and real estate developments $ 926