WeWork Inc. Income Statement | Understand Stock

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of operations

In millions of USD; shares in millions, 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
General and administrative expenses
Franchise tax expense
Revenue
Expenses:
Location operating expenses—cost of revenue (exclusive of depreciation and amortization of $602, $672 and $715 for the years ended December 31, 2022, 2021 and 2020, respectively, shown separately below)
Pre-opening location expenses
Selling, general and administrative expenses
Restructuring and other related (gains) costs
Impairment expense/(gain on sale) of goodwill, intangibles and other assets
Depreciation and amortization
Total expenses
Loss from operations
Class A Common Stock
Class B Common Stock
Total loss from operations
Net gain from investments held in Trust Account
Interest and other income (expenses), net:
Income (loss) from equity method and other investments
Interest expense
Interest income
Foreign currency gain (loss)
Gain (loss) from change in fair value of warrant liabilities
Loss on extinguishment of debt
Total interest and other income (expenses), net
Pre-tax loss
Income tax benefit (provision)
Net loss
Net loss attributable to noncontrolling interests:
Redeemable noncontrolling interests — mezzanine
Noncontrolling interest — equity
Net loss attributable to WeWork Inc.
Weighted average shares outstanding, basic and diluted
Class A Common Stock
Class B Common Stock
Basic and diluted net income per share
Class A Common Stock
Class B Common Stock
Net loss per share attributable to Class A and Class B common stockholders (see Note 25):
Basic (in usd per share)
Diluted (in usd per share)
Weighted-average shares used to compute net loss per share attributable to Class A and Class B common stockholders, basic (in shares)
Weighted-average shares used to compute net loss per share attributable to Class A and Class B common stockholders, diluted (in shares)

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