Table of Contents WEWORK COMPANIES INC. CONSOLIDATED STATEMENTS OF CASH FLOWS—(CONTINUED) Year Ended December 31, (Amounts in thousands) 2016 2017 2018 Cash Flows from Financing Activities: Principal payments for property and equipment acquired under capital leases (1,116) (1,350) (1,869) Proceeds from issuance of debt — — 768,795 Proceeds from issuance of convertible related party liabilities — — 1,000,000 Repayments of debt — — (1,085) Debt and equity issuance costs (1,306) (3,568) (23,227) Loans payable to related parties — 26,088 (27,552) Proceeds from sale of Series F Preferred Stock and associated warrants 679,901 — — Proceeds from sale of Series G Preferred Stock — 1,697,761 — Proceeds from exercise of stock options and warrants 1,228 8,939 3,505 Proceeds from issuance of noncontrolling interests — 900,003 747,907 Payments for contingent consideration and holdback of acquisition proceeds — — (14,436) Change in members’ service retainers 49,201 96,442 206,431 Net cash provided by financing activities 727,908 2,724,315 2,658,469 Effects of exchange rate changes on cash, cash equivalents, and restricted cash (2,261) (763) (13,119) Net increase (decrease) in cash, cash equivalents, and restricted cash 84,027 1,590,777 (7,177) Cash, cash equivalents, and restricted cash—Beginning of period 496,315 580,342 2,171,119 Cash, cash equivalents, and restricted cash—End of period $ 580,342 $ 2,171,119 $ 2,163,942 Year Ended December 31, (Amounts in thousands) 2016 2017 2018 Supplemental Cash Flow Disclosures: Cash paid during the period for interest $ 4,656 $ 6,685 $ 41,326 Cash paid during the period for income taxes, net of refunds 8 11 4,376 Cash received for tenant improvement allowances 325,294 452,090 673,415 Supplemental Disclosure of Non-cash Investing & Financing Activities: Property and equipment included in accounts payable and accrued expenses 76,740 174,747 485,037 Issuance of common and preferred shares for acquisitions — 23,367 274,118 Acquisition consideration holdback included in other liabilities — 22,189 43,156 Issuance of common shares for equity method and other investments 1,147 — — Issuance of shares for goods received capitalized in property and equipment — 901 1,087 Transfer of acquisition deposit to contribution to equity method investment — — 52,858 Net loss on issuance of Series G Preferred Stock — 16,481 — Vesting of shares related to early exercise of stock options 573 210 105 Common share repurchase and retirement 6,374 454 289 F-11