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