updated 01/18/2012 AT 9:30 AM ET
•originally published 01/18/2012 AT 8:00 AM ET
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.