01/18/2012 at 09:30 AM EST
Once upon a time, Johnny Depp
and Vanessa Paradis lived a quiet family life far from the spotlight in the sleepy French hamlet of Plan-de-la-Tour.
But that time is no more, and now the couple largely reside in L.A. – when they are in the same city at all.
Depp, 48, and Paradis, 39, who are parents to Lily-Rose, 12, and Jack, 9, have not appeared side-by-side on a red carpet for more than a year. Multiple sources tell PEOPLE in this week's cover story that the relationship is all but officially finished.
In fact, some in their circle say the couple of nearly 14 years have already split. Says one insider: "It's so sad."
For much more on this story, including details on Depp's solo nights out, pick up this week's issue of PEOPLE, on newsstands Friday