Table of Contents WEWORK COMPANIES INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019 (UNAUDITED) Asset Retirement Obligations—As of December 31, 2018 and June 30, 2019, the Company had asset retirement obligations of $90.5 million and $111.3 million, respectively. The current portion of asset retirement obligations are included within other current liabilities and the non-current portion are included within other liabilities on the accompanying condensed consolidated balance sheets. Asset retirement obligations include the following activity during the year ended December 31, 2018 and the six months ended June 30, 2019: Year Ended Six Months Ended (Amounts in thousands) December 31, 2018 June 30, 2019 Balance at beginning of period $ 53,336 $ 90,470 Liabilities incurred in the current period 33,782 17,547 Liabilities settled in the current period — — Accretion of liability 4,462 2,976 Revisions in estimated cash flows — — Effect of foreign currency exchange rate changes (1,110) 324 Balance at end of period 90,470 111,317 Less: Current portion of asset retirement obligations — (487) Total non-current portion of asset retirement obligations $ 90,470 $ 110,830 Note 22. Other Related Party Transactions On March 21, 2019, the Company entered into an agreement with an affiliate of a principal stockholder with representation on the Company’s board of directors that is also the 99.99% equity owner in the Creator Fund, related to reimbursement of funds to the Company related to the underwriting and for production services performed by the Company for Creator Awards events held or to be held between September 2017 and January 2021. Pursuant to the terms of the contract, in consideration of the Company’s performance of its obligations, the affiliate has made or will make payments totaling $80 million. Any portion of the total $80 million contracted payments not used in connection with the execution of services by December 31, 2020 will be fully reimbursable by the Company to the affiliate. The affiliate funded $20.0 million during 2017, as a deposit in anticipation of signing a contract with the Company, which was recorded as deferred revenue on the accompanying condensed consolidated financial statements as of December 31, 2018. The Company received an additional $40 million in cash pursuant to the terms of the contract and recognized $38.4 million as other revenue, during the six months ended June 30, 2019 relating to services provided by the Company in support of Creator Award events that occurred during the period from September 1, 2017 through June 30, 2019. As of June 30, 2019, the Company has $21.6 million recorded within deferred revenue on the accompanying condensed consolidated balance sheet which will be recorded as revenue as services relating to the Creator Awards events occurring between July 1, 2019 and December 31, 2020. Pursuant to the terms of the contract, the remaining $20 million payable to the Company is scheduled to be received in January 2020. During the six months ended June 30, 2018 and 2019, the Company earned $2.8 million and $28.2 million, respectively, in revenue from the sale of memberships and other services to an affiliate of a principal stockholder with representation on the Company’s board of directors. During the six months ended June 30, 2018 and 2019, the Company earned $1.1 million and $9.2 million, respectively, in revenue from the sale of memberships and other services to other related parties that have significant influence over the Company through representation on the Company’s board of directors. As of December 31, 2018 and June 30, 2019, the Company recorded a receivable of $2.5 million and $1.4 million, respectively, from an individual that is a principal stockholder, executive officer and director of the Company, relating to reimbursement of expenditures made, included as due from related parties on the accompanying condensed F-123