Table of Contents WEWORK COMPANIES INC. CONSOLIDATED STATEMENTS OF CHANGES IN CONVERTIBLE PREFERRED STOCK, NONCONTROLLING INTERESTS, AND EQUITY FOR THE YEAR ENDED DECEMBER 31, 2016 Convertible Redeemable Preferred Stock Noncontrolling (Amounts in thousands, except share amounts) Shares Amount Interests Balance—December 31, 2015 123,142,901 $ 1,002,388 $ — Issuance of Series F Preferred Stock and associated warrants 13,759,327 675,913 — Balance—December 31, 2016 136,902,228 $ 1,678,301 $ — WeWork Companies, Inc. Shareholders’ Equity (Deficit) Common Stock Common Stock Accumulated Class A Class B Additional Other (Amounts in thousands, Paid-In Comprehensive Accumulated Noncontrolling except share amounts) Shares Amount Shares Amount Capital Income (Loss) Deficit Interests Total Balance—December 31, 2015 7,587,640 $ 8 157,626,552 $ 158 $ 50,087 $ (1,458) $ (386,809) $ — $ (338,014) Issuance of Series F Preferred Stock and associated warrants — — — — 3,988 — — — 3,988 Issuance of stock for services rendered 44,665 — — — 1,594 — — — 1,594 Stock-based compensation 568,777 — 1,155,718 1 23,201 — — — 23,202 Exercise of stock options 3,830 — 233,644 — 370 — — — 370 Common share repurchase and retirement — — (8,398,670) (8) 6,382 — — — 6,374 Issuance of common stock for equity method investment 22,852 — — — 1,147 — — — 1,147 Net loss — — — — — — (429,690) — (429,690) Other comprehensive income (loss), net of tax — — — — — 9,463 — — 9,463 Balance—December 31, 2016 8,227,764 $ 8 150,617,244 $ 151 $ 86,769 $ 8,005 $ (816,499) $ — $ (721,566) The accompanying notes are an integral part of these consolidated financial statements. F-7