VEREIT, Inc. VER Balance Sheet

Vereit, inc. (VER)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Real estate investments, at cost:
Land
2,715	2,738	2,728	2,763	2,824	2,843	2,847	2,859	2,871	2,865	2,866	2,858	2,868	2,895	2,946	2,992	3,058	3,120	3,257	3,351	3,434	3,472	3,487	3,343	3,224	1,380	1,013	504	337	262	28	25	20	25	17	-	0
Buildings, fixtures and improvements
10,135	10,200	10,287	10,352	10,741	10,749	10,652	10,714	10,753	10,711	10,585	10,496	10,630	10,644	10,800	10,956	11,161	11,445	11,615	11,779	12,081	12,307	12,355	12,420	11,836	5,297	3,549	2,043	1,683	1,391	182	163	113	161	97	-	0
Land and construction in progress
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37	83	83	77	86	62	40	21	-	-	0	0	-	-	-	-	-	-	-
Intangible lease assets
1,899	1,904	1,909	1,927	2,003	2,012	2,019	2,024	2,035	2,037	2,027	2,000	2,017	2,044	2,073	2,102	2,145	2,218	2,313	2,339	2,386	2,435	2,424	2,227	2,209	759	550	318	266	221	24	20	12	21	7	-	0
Total real estate investments, at cost
14,751	14,843	14,925	15,043	15,570	15,604	15,519	15,597	15,659	15,615	15,479	15,355	15,516	15,584	15,819	16,052	16,365	16,784	17,223	17,553	17,985	18,292	18,353	18,053	17,311	7,459	5,113	2,866	2,287	1,875	235	210	145	209	122	-	0
Less: accumulated depreciation and amortization
3,659	3,594	3,559	3,488	3,544	3,436	3,323	3,206	3,059	2,908	2,784	2,623	2,494	2,331	2,188	2,029	1,865	1,778	1,595	1,401	1,238	1,034	828	660	428	267	179	108	83	56	20	18	16	15	13	-	0
Real Estate Investment Property, Net
11,091	11,249	11,366	11,555	12,026	12,168	12,195	12,391	12,599	12,707	12,694	12,732	13,021	13,252	13,630	14,022	14,500	15,006	15,627	16,151	16,747	17,258	17,525	17,393	16,882	7,191	4,934	2,757	2,204	1,819	214	191	129	193	108	-	0
Operating lease right-of-use assets
211	215	218	221	224	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in unconsolidated entities
78	68	69	68	35	35	34	33	33	39	44	44	45	46	24	22	23	56	57	94	95	98	100	102	105	0	-	-	-	-	-	-	-	-	-	-	-
Investment in direct financing leases, net
-	-	-	-	-	-	-	16	17	-	33	33	34	39	40	43	45	46	49	49	54	56	57	62	65	66	75	67	-	0	-	-	-	-	-	-	-
Investment securities, at fair value
-	-	-	-	-	-	-	35	35	-	41	42	42	47	48	48	48	53	54	55	56	58	59	219	213	62	-	9	61	41	-	-	-	0	-	-	-
Mortgage notes receivable, net
-	-	-	-	-	-	-	19	20	-	20	20	22	22	23	23	23	24	40	40	41	42	96	97	98	26	-	-	-	0	-	-	-	-	-	-	-
Cash and Cash Equivalents, at Carrying Value
600	12	1,029	211	12	30	25	18	28	34	54	292	285	253	116	1,029	104	69	171	121	788	416	145	195	83	52	188	10	1,119	292	3	2	0	19	-	-	0
Restricted Cash
18	20	20	20	18	22	27	27	28	27	27	40	46	45	61	60	60	59	47	53	64	62	72	69	55	35	1	1	1	1	-	-	-	0	-	-	-
Derivative assets, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	-	0	-	-	-	-	-	-	-
Intangible assets, net
-	-	-	-	-	-	-	-	-	-	12	16	20	-	30	37	43	50	127	135	142	150	323	347	371	0	-	-	-	-	-	-	-	-	-	-	-
Rent and tenant receivables and other assets, net
345	348	347	343	361	366	412	351	335	389	336	349	346	314	339	333	313	303	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred costs and other assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	385	403	400	389	446	418	304	280	132	-	228	-	-	-	-	-	-	-	-
Goodwill
1,337	1,337	1,337	1,337	1,337	1,337	1,337	1,300	1,300	1,300	1,462	1,462	1,462	1,337	1,602	1,620	1,642	1,656	1,828	1,847	1,871	1,894	2,096	2,293	2,298	92	-	-	-	0	-	-	-	0	-	-	-
Due from affiliates, net
-	-	-	-	-	-	0	0	0	6	6	8	15	15	20	8	11	60	66	53	58	86	55	73	8	0	-	-	-	-	-	-	-	-	-	-	-
Cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Prepaid expenses and other assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	-	11	3	2	2	2	1	0	0
Deferred costs, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	-	15	4	3	-	3	2	1	-
Real estate assets held for sale, net
88	26	66	22	36	2	24	29	15	163	1	4	12	213	118	159	26	18	247	242	0	1	1,887	38	-	0	6	-	-	0	-	-	-	-	-	-	-
Assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	-	-	0	1	1	1	-	-	0
Assets
13,772	13,280	14,455	13,781	14,053	13,963	14,056	14,261	14,451	14,705	14,736	15,048	15,356	15,587	16,057	17,408	16,843	17,405	18,704	19,249	20,322	20,515	22,867	21,310	20,488	7,809	5,348	2,916	3,615	2,182	226	201	136	221	112	1	0
LIABILITIES AND EQUITY
Mortgage notes payable, net
1,405	1,528	1,717	1,745	1,918	1,922	1,936	2,031	2,078	2,082	2,115	2,381	2,586	2,671	2,861	2,938	3,029	3,111	3,210	3,500	3,672	3,805	3,782	4,227	4,234	1,301	272	269	265	265	35	30	30	35	13	-	0
Corporate bonds, net
2,814	2,813	2,622	2,621	2,619	3,368	2,825	2,824	2,822	2,821	2,820	2,228	2,227	2,226	2,225	3,522	2,537	2,536	2,547	2,546	2,546	2,546	2,546	2,546	2,545	0	-	-	-	-	-	-	-	-	-	-	-
Convertible debt, net
319	318	397	396	395	394	393	989	987	984	981	978	976	973	970	968	965	962	981	979	978	977	976	975	973	972	300	-	-	0	-	-	-	-	-	-	-
Senior secured revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	124	-	-	-	-	-	-	-
Senior corporate credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	-	-	-	-	-	-	-	-	-
Credit facility, net
1,767	1,045	895	895	1,089	401	793	195	120	185	0	497	497	496	496	1,045	1,269	1,448	2,110	2,300	3,184	3,184	4,259	1,896	2,415	1,969	1,310	0	640	-	91	74	49	42	51	-	0
Other debt, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48	146	148	104	-	-	-	0	-	-	-	-	-	-	-
Convertible obligation to Series C Convertible Preferred stockholders, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	445	-	-	-	-	-	-	-	-	-
Contingent value rights obligation to preferred and common investors, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31	-	-	-	-	-	-	-	-	-
Below Market Lease, Net
134	143	147	152	166	173	179	187	193	198	204	209	217	224	229	237	245	251	264	298	304	317	318	281	286	77	3	-	-	0	-	-	-	-	-	-	-
Derivative liabilities, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	3	-	-	-	0	-	-	-
Accounts Payable and Accrued Liabilities
125	126	1,125	127	141	145	269	141	126	136	152	149	135	134	139	163	118	151	164	168	160	163	180	174	149	730	670	12	647	102	1	1	0	1	0	1	0
Derivative, deferred rent and other liabilities
146	90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent and other liabilities
-	-	101	77	70	69	51	66	68	62	63	70	68	67	89	84	88	87	114	122	139	127	195	223	206	40	12	5	5	4	0	0	-2	0	-	-	-0
Distributions payable
150	150	201	187	190	186	183	180	177	175	172	168	165	162	159	146	143	140	137	9	9	9	9	10	11	10	10	0	6	11	-	-	-	0	-	-	-
Operating lease liabilities
217	221	223	225	228	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to affiliates
-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2	3	2	103	6	-	1	1	-	-	-	-	0	-	-
Liabilities related to discontinued operations
-	-	-	-	-	-	0	0	0	15	-	-	-	11	-	-	-	-	118	118	-	0	545	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0
Total liabilities
7,081	6,437	7,433	6,429	6,820	6,663	6,633	6,616	6,575	6,662	6,509	6,684	6,874	6,968	7,170	9,106	8,399	8,691	9,647	10,045	10,996	11,132	12,864	10,485	10,974	5,310	3,086	1,364	1,571	513	128	107	81	80	67	-	0
Commitments and contingencies (Note 10)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Series D Preferred equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	269	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, $0.01 par value, 100,000,000 shares authorized and 30,871,246 issued and outstanding as of each of March 31, 2020 and December 31, 2019, respectively
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	-	0	-	-	-	-	-	-	-	-	-
Common stock, $0.01 par value, 1,500,000,000 shares authorized and 1,077,781,479 and 1,076,845,984 issued and outstanding as of March 31, 2020 and December 31, 2019, respectively
10	10	10	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	7	2	2	1	1	1	0	0	0	0	0	0	0
Additional paid-in capital
13,252	13,251	13,360	12,655	12,645	12,615	12,612	12,609	12,611	12,654	12,648	12,645	12,642	12,640	12,637	11,934	11,932	11,931	11,928	11,924	11,919	11,920	11,905	11,901	10,302	2,940	2,710	1,801	2,236	1,778	101	93	57	144	42	-	0
Accumulated other comprehensive loss
-104	-27	-47	-28	-12	-1	-1	-4	-4	-3	-3	-1	-1	-2	-4	-12	-11	-2	-9	-1	-4	2	8	7	8	7	4	8	-4	-3	-0	-0	-	-0	-	-	-
Accumulated deficit
-6,475	-6,399	-6,306	-5,416	-5,550	-5,467	-5,343	-5,120	-4,896	-4,776	-4,592	-4,456	-4,338	-4,200	-3,933	-3,810	-3,671	-3,415	-3,085	-2,951	-2,826	-2,778	-2,182	-1,639	-1,358	-877	-599	-379	-311	-124	-13	-9	-6	-7	-0	0	0
Total stockholders’ equity
6,683	6,835	7,017	7,220	7,092	7,157	7,278	7,494	7,720	7,884	8,063	8,196	8,312	8,447	8,709	8,121	8,259	8,523	8,841	8,981	9,098	9,153	9,740	10,279	8,960	2,073	2,118	1,432	1,922	1,652	88	83	51	137	41	-0	0
Non-controlling interests
7	7	4	131	140	143	145	150	156	158	163	166	169	172	178	180	184	189	215	222	227	228	262	277	284	155	143	119	122	16	9	9	3	3	3	-	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
6,691	6,843	7,022	7,352	7,232	7,300	7,423	7,645	7,876	8,042	8,226	8,363	8,481	8,619	8,887	8,302	8,444	8,713	9,057	9,203	9,325	9,382	10,002	10,556	9,244	2,229	2,262	1,552	2,044	1,668	97	93	55	140	45	-	0
Total liabilities and equity
13,772	13,280	14,455	13,781	14,053	13,963	14,056	14,261	14,451	14,705	14,736	15,048	15,356	15,587	16,057	17,408	16,843	17,405	18,704	19,249	20,322	20,515	22,867	21,310	20,488	7,809	5,348	2,916	3,615	2,182	226	201	136	221	112	1	0
VEREIT Operating Partnership, L.P. [Member]
Land
2,715	2,738	2,728	2,763	2,824	2,843	2,847	2,859	2,871	2,865	2,866	2,858	2,868	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Buildings, fixtures and improvements
10,135	10,200	10,287	10,352	10,741	10,749	10,652	10,714	10,753	10,711	10,585	10,496	10,630	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible lease assets
1,899	1,904	1,909	1,927	2,003	2,012	2,019	2,024	2,035	2,037	2,027	2,000	2,017	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total real estate investments, at cost
14,751	14,843	14,925	15,043	15,570	15,604	15,519	15,597	15,659	15,615	15,479	15,355	15,516	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: accumulated depreciation and amortization
3,659	3,594	3,559	3,488	3,544	3,436	3,323	3,206	3,059	2,908	2,784	2,623	2,494	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real Estate Investment Property, Net
11,091	11,249	11,366	11,555	12,026	12,168	12,195	12,391	12,599	12,707	12,694	12,732	13,021	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use assets
211	215	218	221	224	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in unconsolidated entities
78	68	69	68	35	35	34	33	33	39	44	44	45	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and Cash Equivalents, at Carrying Value
600	12	1,029	211	12	30	25	18	28	34	54	292	285	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in direct financing leases, net
-	-	-	-	-	-	-	16	17	-	33	33	34	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities, at fair value
-	-	-	-	-	-	-	35	35	-	41	42	42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans and Leases Receivable, Net Amount
-	-	-	-	-	-	-	19	20	-	20	20	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted Cash
18	20	20	20	18	22	27	27	28	27	27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rent and tenant receivables and other assets, net
345	348	347	343	361	366	412	351	335	389	336	349	346	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	40	46	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets, Net (Excluding Goodwill)
-	-	-	-	-	-	-	-	-	-	12	16	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
1,337	1,337	1,337	1,337	1,337	1,337	1,337	1,337	1,337	1,337	1,462	1,462	1,462	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due from affiliates, net
-	-	-	-	-	-	0	0	0	6	6	8	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate assets held for sale, net
88	26	66	22	36	2	24	29	15	163	1	4	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets
13,772	13,280	14,455	13,781	14,053	13,963	14,056	14,261	14,451	14,705	14,736	15,048	15,356	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage notes payable, net
1,405	1,528	1,717	1,745	1,918	1,922	1,936	2,031	2,078	2,082	2,115	2,381	2,586	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate bonds, net
2,814	2,813	2,622	2,621	2,619	3,368	2,825	2,824	2,822	2,821	2,820	2,228	2,227	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Convertible debt, net
319	318	397	396	395	394	393	989	987	984	981	978	976	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit facility, net
1,767	1,045	895	895	1,089	401	793	195	120	185	0	497	497	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Below Market Lease, Net
134	143	147	152	166	173	179	187	193	198	204	209	217	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts Payable and Accrued Liabilities
125	126	1,125	127	141	145	269	141	126	136	152	149	135	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative, deferred rent and other liabilities
146	90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent and other liabilities
-	-	101	77	70	69	51	66	68	62	63	70	68	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions payable
150	150	201	187	190	186	183	180	177	175	172	168	165	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
217	221	223	225	228	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to affiliates
-	-	-	-	-	-	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities related to discontinued operations
-	-	-	-	-	-	0	0	0	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
7,081	6,437	7,433	6,429	6,820	6,663	6,633	6,616	6,575	6,662	6,509	6,684	6,874	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total partners’ equity
6,689	6,842	7,020	7,350	7,231	7,298	7,422	7,644	7,875	8,041	8,224	8,361	8,479	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-controlling interests
1	1	1	1	1	1	1	1	1	1	2	2	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Partners' Capital, Including Portion Attributable to Noncontrolling Interest
6,691	6,843	7,022	7,352	7,232	7,300	7,423	7,645	7,876	8,042	8,226	8,363	8,481	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and equity
13,772	13,280	14,455	13,781	14,053	13,963	14,056	14,261	14,451	14,705	14,736	15,048	15,356	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Units [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
10	10	10	9	9	9	9	9	9	9	9	9	9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-