WE · Wework Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Revenue | $3.25B | $3.42B | - |
| Cost of Revenue | $249.00M | - | - |
| Gross Profit | $3.00B | - | - |
| R&D | - | - | - |
| SG&A | $735.00M | $1.60B | - |
| Total Operating Expenses | $4.84B | $7.76B | - |
| D&A | $641.00M | $779.37M | - |
| Operating Income | ($1.59B) | ($4.35B) | - |
| Interest Expense | $516.00M | $331.22M | - |
| Income Tax | $6.00M | $19.51M | - |
| Net Income | ($2.03B) | ($3.13B) | - |
| EPS - Basic | ($2.67) | ($22.24) | - |
| EPS - Diluted | ($2.67) | ($22.24) | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Cash & Equivalents | $287.00M | $1.34B | $921.0K |
| Accounts Receivable | $109.00M | $176.52M | - |
| Inventory | - | - | - |
| Accounts Payable | - | - | $315 |
| Current Assets | $689.00M | $1.47B | $1.29M |
| Total Assets | $17.86B | $21.76B | $484.52M |
| Current Liabilities | $2.23B | $2.13B | $211.3K |
| Long-term Debt | $1.01B | $665.60M | - |
| Total Liabilities | $21.32B | $23.17B | $17.12M |
| Stockholders' Equity | ($3.67B) | ($1.88B) | $5.00M |
| Retained Earnings | ($16.18B) | ($14.14B) | ($137.0K) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Operating Cash Flow | ($733.00M) | ($857.01M) | - |
| Investing Cash Flow | ($294.00M) | ($444.09M) | - |
| Financing Cash Flow | $397.00M | ($46.81M) | - |
| CapEx | $1.46B | $1.44B | - |
| Free Cash Flow | ($2.20B) | ($2.30B) | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Profitability | |||
| Gross margin | 92.3% | - | - |
| Operating margin | -49.0% | -127.3% | - |
| EBITDA margin | -29.3% | -104.4% | - |
| Net margin | -62.7% | -91.6% | - |
| Free cash flow margin | -67.7% | -67.3% | - |
| FCF / Net income | 1.08 | 0.73 | - |
| R&D / Revenue | - | - | - |
| SG&A / Revenue | 22.7% | 47.0% | - |
| Effective tax rate | - | - | - |
| Return on assets | -11.4% | -14.4% | - |
| Return on equity | 55.4% | 166.3% | - |
| Return on invested capital | - | - | - |
| Liquidity | |||
| Current ratio | 0.31 | 0.69 | 6.12 |
| Quick ratio | 0.31 | 0.69 | 6.12 |
| Cash ratio | 0.13 | 0.63 | 4.36 |
| Leverage | |||
| Debt / Equity | -0.27 | -0.35 | - |
| Debt / Assets | 0.06 | 0.03 | - |
| Debt / EBITDA | - | - | - |
| Interest coverage | -3.1x | -13.1x | - |
| Equity multiplier | -4.87 | -11.56 | 96.90 |
| Liabilities / Assets | 1.19 | 1.06 | 0.04 |
| Efficiency | |||
| Asset turnover | 0.18 | 0.16 | - |
| Inventory turnover | - | - | - |
| Days sales outstanding | 12d | 19d | - |
| Days inventory outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Cash conversion cycle | - | - | - |
| Valuation | |||
| P / E | - | - | - |
| P / B | - | - | - |
| P / S | - | - | - |
| EV / EBITDA | - | - | - |
| Growth | |||
| Revenue growth (YoY) | -5.0% | - | - |
| Revenue CAGR (3y) | - | - | - |
| Revenue CAGR (5y) | - | - | - |
| Gross profit growth (YoY) | - | - | - |
| Operating income growth (YoY) | 63.4% | - | - |
| Net income growth (YoY) | 35.0% | - | - |
| EPS growth (YoY) | 88.0% | - | - |
| EPS CAGR (3y) | - | - | - |
| EPS CAGR (5y) | - | - | - |
| FCF growth (YoY) | 4.4% | - | - |
| FCF CAGR (5y) | - | - | - |
| Book value growth (YoY) | -95.0% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Geographic
$2.57B totalUS$1.15B · 44.7%
Other Foreign Countries$862.33M · 33.6%
GB$347.29M · 13.5%
JP$211.66M · 8.2%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
-1.00
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Opeators of Nonresidential Buildings
Comparing WeWork Inc. against the 5 most active filers in the same SIC group.