Table of Contents WEWORK COMPANIES INC. CONSOLIDATED BALANCE SHEETS December 31, (Amounts in thousands, except share and per share amounts) 2017 2018 Assets Current assets: (1) Cash and cash equivalents $ 2,020,805 $ 1,744,209 Accounts receivable and accrued revenue, net of allowance of $1,713 and $4,562 in 2017 and 2018, respectively 35,582 99,525 Lease incentives receivable (including amounts due from related parties of $10,336 and $1,988 in 2017 and 2018, respectively) 117,779 232,243 Due from related parties 1,200 2,500 Other current assets (including loans to employees of $1,790 and $0 in 2017 and 2018, respectively) 251,730 385,601 Total current assets 2,427,096 2,464,078 Property and equipment, net 2,337,092 4,368,772 (1) Restricted cash 150,314 419,733 Deferred lease acquisition costs, net 31,031 69,387 Equity method and other investments 57,217 218,435 Goodwill 156,117 681,017 Intangible assets, net 84,519 159,143 Other assets (including loans to employees of $2,000 and $5,667 in 2017 and 2018, respectively) 120,686 264,351 (1) Total assets $ 5,364,072 $ 8,644,916 Liabilities Current liabilities: Accounts payable and accrued expenses $ 314,267 $ 826,396 Members’ service retainers 195,081 396,857 Capital lease obligations, current portion 1,649 1,958 Loans payable to related parties 26,088 — Deferred revenue (including amounts from related parties of $20,702 and $20,218 in 2017 and 2018, respectively) 48,849 113,237 Other current liabilities 64,653 270,640 Total current liabilities 650,587 1,609,088 Deferred rent (including amounts due to related parties of $18,895 and $49,140 in 2017 and 2018, respectively) 1,636,587 2,831,747 Long-term debt, net — 748,814 Convertible related party liabilities, net — 949,985 Capital lease obligations (including amounts due to related parties of $34,629 and $35,166 in 2017 and 2018, respectively) 50,764 50,785 Other liabilities 64,104 91,173 Deferred income taxes 4,469 2,567 (1) Total liabilities 2,406,511 6,284,159 Commitments and contingencies (Note 23) Convertible preferred stock; 187,847,306 shares authorized at December 31, 2018, and 170,300,623 and 171,757,571 shares issued and outstanding at December 31, 2017 and 2018, respectively 3,405,435 3,498,696 Redeemable noncontrolling interests 854,577 1,320,637 F-3