Table of Contents WEWORK COMPANIES INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019 (UNAUDITED) The numerators and denominators of the basic and diluted pro forma net loss per share computations for our common stock are calculated as follows for the six months June 30, 2019: Six Months Ended (Amounts in thousands, except share and per share data) June 30, 2019 Numerator: Net loss attributable to WeWork Companies Inc. as reported $ (689,676) Add: interest expense and amortization of debt discount for Convertible Note 33,634 Less: change in fair value of embedded redemption derivative liability (27,049) Less: change in fair value of Amended 2018 Warrant (486,151) Net loss attributable to Class A and Class B common stockholders for pro forma computation $ (1,169,242) Denominator: Basic shares: Weighted-average shares outstanding used for basic net loss per share computation 166,301,575 Pro forma adjustment to reflect assumed conversion of Series A, B, C, D-1, D-2, E, F, G, and Acquisition preferred stock to Class A common stock 172,145,245 Pro forma adjustment to reflect assumed conversion of convertible notes to Class A common stock 9,876,211 Pro forma adjustment to reflect assumed conversion of Junior Preferred Stock to Class B common stock 1,500 Pro forma adjustment to reflect assumed conversion of Amended 2018 Warrant to Class A common stock 16,449,021 Pro forma adjustment to reflect assumed conversion of vested IPO RSUs 381,311 Number of shares used for pro forma basic net loss per share computation 365,154,863 Diluted shares: Weighted-average shares - Diluted 365,154,863 Pro forma net loss per share attributable to Class A and Class B common stockholders: Basic $ (3.20) Diluted $ (3.20) Note 25. Subsequent Events The Company has evaluated subsequent events from June 30, 2019 through August 12, 2019, which is the date the financial statements were available for issuance, and has determined that there are no subsequent events requiring adjustments to or disclosure in the condensed consolidated financial statements, other than as discussed below. In July 2019, as a result of various reorganization transactions, The We Company became the holding company of all of the direct and indirect subsidiaries that were held by WeWork Companies Inc. prior to the reorganization transactions and the then-stockholders of WeWork Companies Inc. became the stockholders of The We Company. The We Company holds an indirect general partner interest and indirect limited partner interests in the We Company Partnership. The We Company, through the We Company Partnership and other subsidiaries, holds all the assets held by WeWork Companies Inc. prior to the reorganization and is subject to all the liabilities to which WeWork Companies Inc. was subject prior to the reorganization. F-128