Table of Contents WEWORK COMPANIES INC. CONSOLIDATED STATEMENTS OF CHANGES IN CONVERTIBLE PREFERRED STOCK, NONCONTROLLING INTERESTS, AND EQUITY FOR THE YEAR ENDED DECEMBER 31, 2018 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 noncontrolling interests — — 720,513 Issuance of stock for services rendered — — 1,798 Issuance of stock in connection with acquisitions 1,456,948 93,261 55,105 Net loss — — (292,134) Other comprehensive income (loss), net of tax — — (19,222) Balance—December 31, 2018 171,757,571 $ 3,498,696 $ 1,320,637 WeWork Companies, Inc. Shareholders’ Equity (Deficit) Accumulated Common Stock Common Stock Additional Other Class A Class B (Amounts in thousands, except Paid-In Comprehensive Accumulated Noncontrolling share 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) $ — $ (1,302,451) Transfer of Common Stock Class B to Class A 18,182 — (18,182) — — — — — — Issuance of stock for services rendered 62,351 — — — 15,663 — — 2,557 18,220 Stock-based compensation 419,217 1 74,538 — 85,657 — — 184 85,842 Exercise of stock options 114,614 — 443,513 — 2,934 — — — 2,934 Exercise of warrants — — 1,577,434 2 569 — — — 571 Issuance of stock in connection with acquisitions 65,515 — — — 119,530 1,098 — 4,198 124,826 Issuance of stockholder notes receivable (see Note 21) — — — — (19,599) — — — (19,599) Issuance of noncontrolling interests — — — — 24,666 (2,260) — 56,333 78,739 Transactions with principal shareholder (see Note 13) — — — — 169,961 — — — 169,961 Gain on transfer to consolidated variable interest entity — — — — 1,217 — — — 1,217 Common share repurchase and retirement — — (204,580) — (10,439) — — — (10,439) Net loss — — — — — — (1,610,792) (24,493) (1,635,285) Other comprehensive income (loss), net of tax — — — — — 26,597 — 291 26,888 Balance—December 31, 2018 30,979,421 $ 31 133,660,176 $ 134 $ 797,963 $ 15,511 $ (3,311,285) $ 39,070 $ (2,458,576) The accompanying notes are an integral part of these consolidated financial statements. F-9