{
  "docId": "019de515-dc04-77fd-a20c-a6a578cabe29",
  "docSlug": "0ce73e902175c5d9cb1b8774a0735985",
  "documentTitle": "WeWork | Investor Presentation Deck | 27 slides",
  "authorId": "wework",
  "authorName": "WeWork",
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  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-05-01 00:00:00",
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  "pageNumber": 24,
  "pageCount": 27,
  "prevPage": 23,
  "nextPage": 25,
  "slideType": "appendix_data",
  "function": "appendix",
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  "nDataPoints": 270,
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  "slideHref": "/slides/019de515-dc04-77fd-a20c-a6a578cabe29/24",
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      "kind": "source-note",
      "text": "© 2023 WeWork",
      "attrs": {
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      "kind": "table",
      "text": "Net loss Q2'21 ($923) Q3'21 ($844) Q4'21 ($803) Q1'22 ($504) Q2'22 ($635) Q3'22 ($629) Q4'22 ($527) Q1'23 ($299) Income tax (benefit) provision 4 (2) (2) (1) 3 3 1 (3) Interest and other (income) expenses, net 68 206 103 147 316 290 (55) 98 Depreciation and amortization 180 171 174 171 158 156 156 148 Restructuring and other related (gains) costs (28) 16 (48) (130) (26) (34) (10) (58) Impairment expense / (gain on sale) 242 88 241 91 36 97 401 77 Stock-based compensation expense 4 4 48 13 13 13 10 3 Other 4 5 4 1 1 (1) (2) 5 Adj. EBITDA ($449) ($356) ($283) ($212) ($134) ($105) ($26) ($29) Location Gross Profit / (Loss) Including Depreciation & Amortization Q2'21 ($386) Q3'21 ($288) Q4'21 ($201) Q1'22 ($147) Q2'22 ($85) Q3'22 ($63) Q4'22 ($21) Q1'23 ($20) Depreciation and amortization 170 162 164 158 150 148 147 140 Location Gross Profit / (Loss) Exclusive of Depreciation & Amortization ($215) ($125) ($37) $11 $65 $85 $126 $120 Unconsolidated management fee revenue (1) (2) (2) (3) (5) (6) (4) (6) Stock-based compensation expense 1 1 5 2 2 1 1 1 Indirect location operating expenses 24 24 26 24 24 25 21 23 Building Margin ($192) ($103) ($9) $34 $86 $105 $144 $138 Net cash provided by (used in) operating activities Q2'21 ($618) Q3'21 ($380) Q4'21 ($373) Q1'22 ($338) Q2'22 ($197) Q3'22 ($110) Q4'22 ($88) Q1'23 ($284) Purchase of property, equipment and capitalized software (42) (61) (105) (74) (101) (95) (68) (59) Free Cash Flow ($660) ($441) ($478) ($412) ($298) ($205) ($156) ($343)",
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      "kind": "title",
      "text": "GAAP to non-GAAP reconciliation (US, millions)",
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      "evidence": "components: table/data: Net loss Q2'21 ($923) Q3'21 ($844) Q4'21 ($803) Q1'22 ($504) Q2'22 ($635) Q3'22 ($629) Q4'22 ($527) Q1'23 ($299) Income tax (benefit) provision 4 (2) (2) (1) 3 3 1 (3) Interest and other (income) expenses, ne",
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      "arcName": "The Sequoia Pitch",
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      "beatName": "Financials",
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      "evidence": "The deck presents WeWork's financial performance, including debt and equity capitalization tables, and quarterly financial results.",
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      "name": "Quick Win Big Bet",
      "slug": "47-quick-win-big-bet",
      "bestFor": "Transformation planning, 100-day plans, resource allocation",
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      "evidence": "The deck presents WeWork's quarterly financial results and GAAP to non-GAAP reconciliation, highlighting its growth prospects.",
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      "objective": "To present WeWork's financial performance and growth prospects",
      "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap",
      "confidence": 0.6,
      "description": "Separate initiatives into immediate wins and longer-term strategic bets"
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