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 - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 4,296 $ 8,847
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,955 11,943
Impairments 0 0
Loss on extinguishment of debt, net 0 0
Equity in income of unconsolidated joint venture 0 0
Changes in assets and liabilities:    
Accounts payable and accrued expenses   1,236
Net cash provided by operating activities   21,348
Cash flows from investing activities:    
Capital expenditures and leasing costs   (77)
Return of investment from unconsolidated joint venture   0
Net cash provided by (used in) investing activities   (77)
Cash flows from financing activities:    
Payments on mortgage notes payable   (14,279)
Net cash used in financing activities   (24,655)
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 531 531
Supplemental disclosures:    
Cash paid for interest   846
VEREIT Office Assets    
Cash flows from operating activities:    
Net income 11,996 2,130
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization   29,421
Impairments 445 21,624
Loss on extinguishment of debt, net (37) 80
Equity in income of unconsolidated joint venture (208) (410)
Distributions from unconsolidated joint venture   410
Changes in assets and liabilities:    
Rents and tenant receivables, operating lease right-of-use and other assets, net   1,318
Accounts payable and accrued expenses   (4,265)
Deferred rent, operating lease and other liabilities   481
Net cash provided by operating activities   50,789
Cash flows from investing activities:    
Capital expenditures and leasing costs   (3,956)
Real estate developments   (27)
Investments in unconsolidated joint venture   (2,180)
Return of investment from unconsolidated joint venture   649
Proceeds from the settlement of property-related insurance claims   70
Net cash provided by (used in) investing activities   (5,444)
Cash flows from financing activities:    
Payments on mortgage notes payable   (59,513)
Refunds of deferred financing costs   280
Net contributions from parent   14,532
Net cash used in financing activities   (44,701)
Net change in cash and cash equivalents and restricted cash   644
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 $ 4,058 4,058
Supplemental disclosures:    
Cash paid for interest   4,207
Non-cash investing and financing activities:    
Accrued capital expenditures and real estate developments   $ (386)