Table of Contents WEWORK COMPANIES INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2018 The Company has not recorded deferred income taxes applicable to the undistributed earnings of its foreign subsidiary that are indefinitely reinvested in foreign operations. Any undistributed earnings will be used to fund international operations and to make investments outside of the United States. Withholding taxes may be payable on future distributions. Deferred income taxes also have not been recorded on any outside basis differences inherent in the foreign subsidiaries. The Company went through an analysis of its various tax positions and did not identify any material uncertain tax positions for the years ended December 31, 2016, 2017 and 2018. The Company files income tax returns in U.S. federal, U.S. state and foreign jurisdictions. All tax years remain open to examination by the taxing authorities due to the Company’s NOL carryforwards. Note 19. Convertible Preferred Stock As of December 31, 2016, 2017 and 2018, the Company had outstanding the following series of convertible preferred stock, each par value $0.001 per share: December 31, 2016 December 31, 2017 Shares Issued Shares Issued and Carrying and Carrying (Amounts in thousands) Outstanding Amount Outstanding Amount Series A 38,393 $ 17,350 38,393 $ 17,350 Series B 22,165 40,995 22,165 40,995 Series C 28,070 154,699 28,404 154,699 Series D-1 11,939 198,541 11,939 198,541 Series D-2 9,380 155,996 9,380 155,996 Series E 13,194 433,507 13,194 433,507 Series F 13,759 675,913 13,759 675,913 Series G — — 33,065 1,727,134 Acquisition — — — — Junior 2 1,300 2 1,300 Total 136,902 $ 1,678,301 170,301 $ 3,405,435 F-46