WeWork Results Presentation Deck slide image

WeWork Results Presentation Deck

GAAP to non-GAAP reconciliations $ in millions Adj. EBITDA Net loss Income tax (benefit) provision Interest and other (income) expenses, net Depreciation and amortization Restructuring and other related costs. Impairment (gain on sale) of goodwill, intangibles and other assets Stock-based compensation expense Stock-based payments for services rendered by consultants Change in fair value of contingent consideration liabilities Legal, tax and regulatory reserves and settlements. Legal costs related to regulatory investigations and litigations Expense related to M&A, divestitures and capital raising activities Adj. EBITDA Less: China Co Adj. EBITDA Adj. EBITDA Excluding China Co Q1'19 A ($267) 5 (378) 125 145 5 (52) 6 ($411) (48) ($362) Q2'19A ($638) 0 (92) 131 I I 43 5 9 2 15 ($524) (59) ($465) Q3'19A ($1,252) 4 136 157 15 199 31 5 (12) 2 66 ($651) (73) ($577) Q4'19 A ($1,618) 36 144 177 315 136 127 5 (5) 0 68 ($615) (77) ($538) Q 1'20 A ($556) 9 (465) 194 56 275 23 5 (0) 0 9 1 ($449) (56) ($393) Q2'20 A ($ 1,110) 7 76 196 81 280 12 5 (0) 1 12 6 ($436) (39) ($397) Q3'20 A ($999) 6 (38) 198 19 254 9 5 0 0 20 (0) ($527) (35) Q4'20 A ($ 1,168) (2) (105) 191 52 546 7 (7) I 0 12 2 ($472) ($492) ($472) Q1'21A ($2,062) 3 553 184 494 299 54 (2) 7 23 1 ($446) ($446) Q2¹21A ($923) st 4 68 180 (28) 242 4 0 0 (1) 3 ($449) ($449) Q3'21A ($844) (2) 206 171 16 88 4 0 0 3 3 ($356) ($356) 17 | wework Ⓒ2021 WeWork. Confidential.
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