WeWork Investor Day Presentation Deck
GAAP to Non-GAAP Adjusted EBITDA reconciliation
($ in millions)
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 mergers, acquisitions, divestitures and capital raising activities
Adj. EBITDA
Less: ChinaCo Adjusted EBITDA
Adj. EBITDA Excluding China Co
Q1'19 A
($267)
5
(378)
125
145
5
(52)
6
($411)
(48)
($362)
Q2'19 A
($638)
0
(92)
131
43
5
9
2
15
($524)
(59)
($465)
Q3'19 A
($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)
Q 1'20 A
($556)
9
(465)
194
56
275
23
5
(0)
0
9
1
($449)
Q2'20 A
($ 1,110)
7
76
196
81
280
12
5
(0)
1
12
6
($436)
(56)
($538) ($393) ($397)
(39)
Q3'20 A
($999)
co
6
(38)
198
19
254
9
5
0
0
20
(0)
($527)
Q4'20 A
($ 1,168)
(2)
(105)
191
52
546
7
(7)
0
12
2
($472)
(35)
($492) ($472)
Q1'21A
($2,062)
3
553
184
494
299
54
(2)
7
23
1
($446)
Q2'21A
($923)
4
68
180
(28)
242
4
0
(1)
3
($449)
($446) ($449)
Note: All columns exclude amounts that eliminate in consolidation. As presented in this Management Presentation, certain amounts, percentages and other figures have been subject to rounding adjustments. Accordingly, figures shown as totals, dollars
or percentage amounts of changes may not represent the arithmetic summation or calculation of the figures that precede them. Please see Definitions pages in the appendix for further detail.
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