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
 3 Months Ended
Mar. 31, 2021
USD ($)
Cash flows from operating activities:  
Net loss $ 4,551
Adjustments to reconcile net loss to net cash provided by operating activities:  
Depreciation and amortization 5,988
Impairments 0
Loss on extinguishment of debt, net 0
Equity in income of unconsolidated joint venture 0
Changes in assets and liabilities:  
Accounts payable and accrued expenses 1,248
Net cash provided by operating activities 11,150
Cash flows from investing activities:  
Capital expenditures and leasing costs (55)
Return of investment from unconsolidated joint venture 0
Net cash used in investing activities (55)
Cash flows from financing activities:  
Payments on mortgage notes payable (163)
Net cash used in financing activities (14,285)
Net change in cash and cash equivalents and restricted cash (3,190)
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 725
Cash and cash equivalents at beginning of period 0
Restricted cash at beginning of period 3,915
Cash and cash equivalents at end of period 0
Restricted cash at the end of the period 725
Supplemental disclosures:  
Cash paid for interest 421
VEREIT Office Assets  
Cash flows from operating activities:  
Net loss (9,866)
Adjustments to reconcile net loss to net cash provided by operating activities:  
Depreciation and amortization 14,859
Impairments 21,180
Loss on extinguishment of debt, net 117
Equity in income of unconsolidated joint venture (202)
Distributions from unconsolidated joint venture 202
Changes in assets and liabilities:  
Rents and tenant receivables, operating lease right-of-use and other assets, net 2,404
Accounts payable and accrued expenses (5,652)
Deferred rent, operating lease and other liabilities (2)
Net cash provided by operating activities 23,040
Cash flows from investing activities:  
Capital expenditures and leasing costs (2,969)
Real estate developments (14)
Return of investment from unconsolidated joint venture 316
Proceeds from the settlement of property-related insurance claims 70
Net cash used in investing activities (2,597)
Cash flows from financing activities:  
Payments on mortgage notes payable (40,167)
Refunds of deferred financing costs 280
Net contributions from parent 18,927
Net cash used in financing activities (20,960)
Net change in cash and cash equivalents and restricted cash (517)
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 2,897
Restricted cash at the end of the period 2,300
Supplemental disclosures:  
Cash paid for interest 2,355
Non-cash investing and financing activities:  
Accrued capital expenditures and real estate developments $ (568)