Table of Contents WEWORK COMPANIES INC. CONSOLIDATED STATEMENTS OF CHANGES IN CONVERTIBLE PREFERRED STOCK, NONCONTROLLING INTERESTS, AND EQUITY FOR THE YEAR ENDED DECEMBER 31, 2017 Convertible Redeemable Preferred Stock Noncontrolling (Amounts in thousands, except share amounts) Shares Amount Interests Balance—December 31, 2016 136,902,228 $ 1,678,301 $ — Issuance of Series G Preferred Stock 32,812,199 1,714,242 — Conversion of convertible note 334,228 — — Issuance of stock for services rendered — — 4,840 Contributions by noncontrolling interests — — 900,003 Issuance of stock in connection with acquisitions 251,968 12,892 — Net loss — — (49,500) Other comprehensive income (loss), net of tax — — (766) Balance—December 31, 2017 170,300,623 $ 3,405,435 $ 854,577 WeWork Companies, Inc. Shareholders’ Equity (Deficit) Accumulated Common Stock Common Stock (Amounts in Additional Other Class A Class B thousands, except Paid-In Comprehensive Accumulated Noncontrolling share amounts) Shares Amount Shares Amount Capital Income (Loss) Deficit Interests Total Balance— December 31, 2016 8,227,764 $ 8 150,617,244 $ 151 $ 86,769 $ 8,005 $ (816,499) $ — $ (721,566) Transfer of Common Stock Class B to Class A 21,119,429 21 (21,119,429) (21) — — — — — Issuance of stock for services rendered 36,018 — — — 3,415 — — — 3,415 Stock-based compensation 310,153 1 150,700 — 297,869 — — — 297,870 Exercise of stock options 368,070 — 1,373,984 1 8,675 — — — 8,676 Exercise of warrants — — 764,954 1 601 — — — 602 Issuance of stock in connection with acquisitions 238,108 — — — 10,475 — — — 10,475 Net loss — — — — — — (883,994) — (883,994) Other comprehensive income (loss), net of tax — — — — — (17,929) — — (17,929) Balance— December 31, 2017 30,299,542 $ 30 131,787,453 $ 132 $407,804 $ (9,924) $ (1,700,493) $ — $(1,302,451) The accompanying notes are an integral part of these consolidated financial statements. F-8