Table of Contents WEWORK COMPANIES INC. CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN CONVERTIBLE PREFERRED STOCK, NONCONTROLLING INTERESTS AND EQUITY FOR THE SIX MONTHS ENDED JUNE 30, 2018 (UNAUDITED) Convertible Redeemable Preferred Stock Noncontrolling (Amounts in thousands, except share amounts) Shares Amount Interests Balance—December 31, 2017 170,300,623 $ 3,405,435 $ 854,577 Issuance of stock for services rendered — — 1,798 Issuance of stock in connection with acquisitions 1,423,357 91,428 55,105 Net loss — — (85,592) Other comprehensive income (loss), net of tax — — 5,531 Balance—June 30, 2018 171,723,980 $ 3,496,863 $ 831,419 WeWork Companies Inc. Shareholders’ Equity (Deficit) Common Stock Common Stock Accumulated Class A Class B Additional Other (Amounts in thousands, except share Paid-In Comprehensive Accumulated Noncontrolling amounts) Shares Amount Shares Amount Capital Income (Loss) Deficit Interests Total Balance—December 31, 2017 30,299,542 $ 30 131,787,453 $ 132 $ 407,804 $ (9,924) $ (1,700,493) $ — $ (1,302,45 Issuance of stock for services rendered 49,687 — — — 6,486 — — 685 7,17 Stock-based compensation 155,769 1 74,250 — 48,283 — — — 48,28 Exercise of stock options 51,967 — 45,520 — 1,177 — — — 1,17 Exercise of warrants — — 416,520 — 326 — — — 32 Issuance of stock in connection with acquisitions 23,311 — — — 121,354 1,098 — 4,198 126,65 Issuance of stockholder notes receivable (see Note 20) — — — — (20,224) — — — (20,22 Contributions by noncontrolling interests — — — — 8,415 — — 1,611 10,02 Net loss — — — — — — (628,130) (9,170) (637,30 Other comprehensive income (loss), net of tax — — — — — 15,439 — 291 15,73 Balance—June 30, 2018 30,580,276 $ 31 132,323,743 $ 132 $ 573,621 $ 6,613 $ (2,328,623) $ (2,385) $ (1,750,61 The accompanying notes are an integral part of these condensed consolidated financial statements. F-70