Table of Contents WEWORK COMPANIES INC. CONDENSED CONSOLIDATED BALANCE SHEETS—(CONTINUED) (UNAUDITED) Pro Forma December 31, June 30, June 30, (Amounts in thousands, except share and per share amounts) 2018 2019 2019 Equity WeWork Companies Inc. shareholders’ equity (deficit): Common stock Class A; par value $0.001; 576,471,000 shares authorized as of June 30, 2019 and 30,979,421 and 41,076,298 shares issued and outstanding as of December 31, 2018 and June 30, 2019, respectively, and 247,129,288 shares issued and outstanding, pro forma 31 41 247 Common stock Class B; par value $0.001; 234,910,597 shares authorized as of June 30, 2019, and 133,660,176 and 128,460,953 shares issued and outstanding as of December 31, 2018 and June 30, 2019, respectively, and 128,462,453 shares issued and outstanding, pro forma 134 129 129 Additional paid-in capital 797,963 1,402,693 7,714,110 Accumulated other comprehensive income (loss) 15,511 18,045 18,045 Accumulated deficit (3,311,285) (3,999,260) (4,054,600) Total WeWork Companies Inc. shareholders’ equity (deficit) (2,497,646) (2,578,352) 3,677,931 Noncontrolling interests 39,070 278,948 278,948 Total equity (deficit) (2,458,576) (2,299,404) 3,956,879 Total liabilities and equity $ 8,644,916 $27,047,235 $27,047,235 (1) The Company’s condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”). As of December 31, 2018 and June 30, 2019, total assets of consolidated VIEs, after intercompany eliminations, were $2.1 billion and $6.1 billion respectively, including $826.0 million and $535.8 million of cash and cash equivalents, respectively, and $74.8 million and $96.7 million of restricted cash, respectively. Total liabilities of consolidated VIEs, after intercompany eliminations, were $597.8 million and $4.4 billion as of December 31, 2018 and June 30, 2019, respectively. Creditors of VIEs do not have recourse against the general credit of the Company, except as disclosed in Note 14 relating to certain performance guarantees of the 424 Fifth Venture loans and certain lease guarantees totaling $36.6 million as of June 30, 2019, provided by WeWork Companies Inc. to certain landlords of the VIEs. See Note 7 for additional details. The accompanying notes are an integral part of these condensed consolidated financial statements. F-67