Table of Contents The information presented below should be read in conjunction with the information under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and related notes appearing elsewhere in this prospectus. Year Ended December 31, Six Months Ended June 30, (Amounts in thousands, except share and per share data) 2016 2017 2018 2018 2019 Consolidated statement of operations information: Revenue $ 436,099 $ 886,004 $ 1,821,751 $ 763,771 $ 1,535,420 Expenses: (1) Location operating expenses 433,167 814,782 1,521,129 635,968 1,232,941 (1) Other operating expenses — 1,677 106,788 42,024 81,189 Pre-opening location expenses 115,749 131,324 357,831 156,983 255,133 Sales and marketing expenses 43,428 143,424 378,729 139,889 320,046 Growth and new market development expenses 35,731 109,719 477,273 174,091 369,727 (2) General and administrative expenses 115,346 454,020 357,486 155,257 389,910 Depreciation and amortization 88,952 162,892 313,514 137,418 255,924 Total expenses 832,373 1,817,838 3,512,750 1,441,630 2,904,870 Loss from operations (396,274) (931,834) (1,690,999) (677,859) (1,369,450) Interest and other income (expense), net (33,400) (7,387) (237,270) (46,406) 469,915 Pre-tax loss (429,674) (939,221) (1,928,269) (724,265) (899,535) Income tax benefit (provision) (16) 5,727 850 1,373 (5,117) Net loss (429,690) (933,494) (1,927,419) (722,892) (904,652) Net loss attributable to noncontrolling interests — 49,500 316,627 94,762 214,976 Net loss attributable to WeWork Companies Inc. $ (429,690) $ (883,994) $ (1,610,792) $ (628,130) $ (689,676) (3) Net loss per share attributable to Class A and Class B common stockholders: Basic $ (2.66) $ (5.54) $ (9.87) $ (3.87) $ (4.15) Diluted $ (2.66) $ (5.54) $ (9.87) $ (3.87) $ (4.15) Weighted-average shares used to compute net loss per share attributable to Class A and Class B common stockholders, basic and diluted 161,324,940 159,689,116 163,148,918 162,482,366 166,301,575 (3) Pro forma net loss per share attributable to Class A and Class B common stockholders: Basic $ (4.41) $ (3.20) Diluted $ (4.41) $ (3.20) Weighted-average shares used to compute pro forma net loss per share attributable to Class A and Class B common stockholders, basic and diluted 338,368,587 365,154,863 (1) Exclusive of depreciation and amortization shown separately on the depreciation and amortization line. (2) Includes stock-based compensation expense of $17.4 million, $260.7 million and $18.0 million for the years ended December 31, 2016, 2017 and 2018, respectively, and includes stock- based compensation expense of $10.5 million and $111.2 million for the six months ended June 30, 2018 and 2019, respectively. (3) See Note 22 to the audited annual consolidated financial statements and Note 24 to the unaudited interim condensed consolidated financial statements, each included elsewhere in this prospectus, for a description of how we compute basic and diluted net loss per share attributable to 63