Debt Restructure and WorkPlace Signed Deals
GAAP to non-GAAP reconciliation (US, millions).
24
Q2'21
Q3'21
Q4'21
Q1'22
Q2'22
Q3'22
Q4'22
Q1'23
Net loss
($923)
($844)
($803)
($504)
($635)
($629)
($527)
($299)
Income tax (benefit) provision
4
(2)
(2)
(1)
3
3
1
(3)
Interest and other (income) expenses, net
68
206
103
147
316
290
(55)
98
Depreciation and amortization
180
171
174
171
158
156
156
148
Restructuring and other related (gains) costs
(28)
16
(48)
(130)
(26)
(34)
(10)
(58)
Impairment expense / (gain on sale)
242
88
241
91
36
97
401
77
Stock-based compensation expense
4
4
48
13
13
13
10
3
Other
4
5
4
1
1
(1)
(2)
5
Adj. EBITDA
($449)
($356)
($283)
($212)
($134)
($105)
($26)
($29)
Q2'21
Q3'21
Q4'21
Q1'22
Q2'22
Q3'22
Q4'22
Q1'23
Location Gross Profit (Loss) Including Depreciation & Amortization
Depreciation and amortization
($386)
($288)
($201)
($147)
($85)
($63)
($21)
($20)
170
162
164
158
150
148
147
140
Location Gross Profit/ (Loss) Exclusive of Depreciation &
Amortization
($215)
($125)
($37)
$11
$65
$85
$126
$120
Unconsolidated management fee revenue
(1)
(2)
(2)
(3)
(5)
(6)
(4)
(6)
Stock-based compensation expense
Indirect location operating expenses
Building Margin
1
1
5
24
24
26
མཱུ སྐྱ
ལ
2
1
1
1
24
25
21
23
($192)
($103)
($9)
$34
$86
$105
$144
$138
Q2'21
Q3'21
Q4'21
Q1'22
Q2'22
Q3'22
Q4'22
Q1'23
Net cash provided by (used in) operating activities
($618)
($380)
($373)
($338)
($197)
($110)
($88)
($284)
Purchase of property, equipment and capitalized software
Free Cash Flow
(42)
(61)
(105)
(74)
(101)
(95)
(68)
(59)
($660)
($441)
($478)
($412)
($298)
($205)
($156)
($343)
©2023 WeWorkView entire presentation