Table of Contents WEWORK COMPANIES INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019 (UNAUDITED) The below table presents the lease related assets and liabilities recorded on the accompanying balance sheet as of June 30, 2019, as recorded in accordance with ASC 842: (Amounts in thousands) Balance Sheet Captions June 30, 2019 Assets Operating lease right-of-use assets Lease right-of-use assets, net $ 15,112,851 (1) Finance lease right-of-use assets Property and equipment, net 35,580 Total leased assets $ 15,148,431 Liabilities Current liabilities Operating lease liabilities Current lease obligations $ 531,990 Finance lease liabilities Current lease obligations 3,956 Total current liabilities 535,946 Non-current liabilities Operating lease obligations Long-term lease obligations 17,868,619 Finance lease obligations Long-term lease obligations 48,178 Total non-current liabilities 17,916,797 Total lease obligations $ 18,452,743 (1) Finance lease right-of-use assets are recorded net of accumulated amortization of $10.3 million as of June 30, 2019. The Company’s aggregate annual lease obligations at June 30, 2019 are as follows: Finance Operating (Amounts in thousands) Leases Leases Total Remainder of 2019 $ 4,206 $ 868,895 $ 873,101 2020 8,531 2,164,826 2,173,357 2021 8,610 2,322,922 2,331,532 2022 8,561 2,383,279 2,391,840 2023 8,007 2,426,278 2,434,285 2024 and beyond 45,408 23,787,202 23,832,610 Total undiscounted fixed minimum lease cost payments 83,323 33,953,402 34,036,725 (1) Less amount representing lease incentive receivables — (1,250,295) (1,250,295) Less amount representing interest (31,189) (14,302,498) (14,333,687) Present value of future lease payments 52,134 18,400,609 18,452,743 Less current portion of lease obligation (3,956) (531,990) (535,946) Total long-term lease obligation $ 48,178 $ 17,868,619 $ 17,916,797 (1) Lease incentives receivable primarily represent amounts expected to be received by the Company relating to payments for leasehold improvements that are reimbursable pursuant to lease provisions with relevant landlords and receivables for broker commissions earned for negotiating certain of the Company’s leases. F-93