WeWork Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of USD, except per-share amounts

	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 7 months to Dec 31, 2020
Cash Flows from Operating Activities:
Net loss
Adjustments to reconcile net loss to net cash from operating activities:
General and administrative expenses paid through note payable to related party
Accrued expenses
Net gain from investments held in Trust Account
Depreciation and amortization
Impairment of property and equipment
Non-cash transaction with principal shareholder
Warrants issued as debt issuance costs
Decrease in consolidated total assets resulting from the deconsolidation of ChinaCo (excluding amounts that previously eliminated in consolidation)
Decrease in consolidated total liabilities resulting from the deconsolidation of ChinaCo (excluding amounts that previously eliminated in consolidation)
Issuance of stock in connection with acquisitions
Transfer of assets to held for sale
Transfer of liabilities related to assets held for sale
Conversion of equity method investment to equity in consolidated 424 Fifth Venture
Cash paid for fixed operating lease costs included in the measurement of lease obligations in operating activities
Cash paid for interest relating to finance leases in operating activities
Loss on extinguishment of debt
Impairment charges
Stock-based compensation expense
Cash paid to settle employee stock awards
Issuance of stock for services rendered, net of forfeitures
Non-cash interest expense
Provision for allowance for doubtful accounts
(Income) loss from equity method and other investments
Distribution of income from equity method and other investments
Foreign currency (gain) loss
Change in fair value of financial instruments
Contingent consideration fair market value adjustment
Other non-cash operating expenses
Changes in operating assets and liabilities:
Prepaid expenses
Accounts payable
Accrued income tax
Due to related party
Franchise tax payable
Operating lease right-of-use assets
Current and long-term lease obligations
Accounts receivable and accrued revenue
Other assets
Accounts payable and accrued expenses
Deferred revenue
Other liabilities
Deferred income taxes
Net cash provided by (used in) operating activities
Cash Flows from Investing Activities:
Cash deposited in Trust Account
Purchases of property and equipment
Capitalized software
Change in security deposits with landlords
Purchases of property, equipment and capitalized software
Proceeds from asset divestitures and sale of investments, net of cash divested
Contributions to investments
Loans to employees and related parties
Cash used for acquisitions, net of cash acquired
Deconsolidation of cash of ChinaCo, net of cash received
Proceeds from repayment of notes receivable
Other investing
Net cash provided by (used in) investing activities
Cash Flows from Financing Activities:
Principal payments for property and equipment acquired under finance leases
Right-of-use assets obtained in exchange for finance lease obligations
Right-of-use assets obtained in exchange for operating lease obligations, net of modifications and terminations
Proceeds from Business Combination and PIPE financing, net of issuance costs paid
Taxes paid on withholding shares
Proceeds from unsecured related party debt
Proceeds from issuance of convertible related party liabilities
Proceeds received from initial public offering, gross
Proceeds received from private placement
Offering costs paid
Bond repurchase
Debt and equity issuance costs
Proceeds from exercise of stock options and warrants
Proceeds from issuance of debt
Repayments of debt
Distribution to noncontrolling interests
Payments for contingent consideration and holdback of acquisition proceeds
Proceeds relating to contingent consideration and holdbacks of disposition proceeds
Issuance of noncontrolling interests
Additions to members’ service retainers
Refunds of members’ service retainers
Other financing
Net cash provided by (used in) financing activities
Effects of exchange rate changes on cash, cash equivalents and restricted cash
Net increase (decrease) in cash, cash equivalents and restricted cash
Cash and cash equivalents
Cash paid during the period for interest (net of capitalized interest of none, $2,981 and $13,358 during 2021, 2020, and 2019, respectively)
Cash paid during the period for income taxes, net of refunds
Cash received for operating lease incentives — tenant improvement allowances
Cash received for operating lease incentives — broker commissions
Property and equipment included in accounts payable and accrued expenses
Conversion of related party liabilities to into Preferred Stock
Cash, cash equivalents and restricted cash—Beginning of period
Cash, cash equivalents and restricted cash—End of period
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
Cash and cash equivalents
Offering costs paid by related party in exchange for issuance of Class B common stock
Offering costs included in accrued expenses
Offering costs included in note payable
Deferred underwriting commissions in connection with the initial public offering
Initial Value of Class A common stock subject to possible redemption
Change in Value of Class A common stock subject to possible redemption
Restricted cash (Note 14)
Cash and cash equivalents held for sale (Note 8)
Restricted cash held for sale

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