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 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $844.00M | $849.00M | - | $661.00M | $815.00M | $765.00M | - | - | - | - |
| Cost of Revenue | ($1.00M) | $1.00M | - | $2.00M | $2.00M | $12.00M | - | - | - | - |
| Gross Profit | $845.00M | $848.00M | - | $659.00M | $813.00M | $753.00M | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $150.00M | $155.00M | - | $234.00M | $227.00M | $274.00M | - | $2.82M | $1.82M | $2.27M |
| Total Operating Expenses | $1.20B | $1.05B | - | $1.30B | $1.44B | $1.12B | - | - | $1.87M | $2.32M |
| D&A | $156.00M | $148.00M | - | $156.00M | $158.00M | $184.00M | - | - | - | - |
| Operating Income | ($351.00M) | ($204.00M) | - | ($336.00M) | ($316.00M) | ($358.00M) | - | ($2.87M) | - | - |
| Interest Expense | - | - | - | $121.00M | $159.00M | $105.00M | - | - | - | - |
| Income Tax | $5.00M | ($3.00M) | - | $3.00M | $4.00M | $3.00M | - | - | - | - |
| Net Income | ($349.00M) | ($264.00M) | - | ($568.00M) | ($577.00M) | ($435.00M) | - | $6.94M | ($11.18M) | ($5.62M) |
| EPS - Basic | ($0.21) | ($0.34) | - | ($5.50) | ($0.76) | ($14.34) | - | - | - | - |
| EPS - Diluted | ($0.21) | ($0.34) | - | ($0.75) | ($0.76) | ($0.57) | - | - | - | - |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $205.00M | $224.00M | $287.00M | $460.00M | $625.00M | $519.00M | $923.73M | $242.2K | $506.3K | $838.5K |
| Accounts Receivable | $118.00M | $107.00M | $109.00M | $103.00M | $102.00M | $105.00M | $129.94M | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | $376.7K | $65.5K | $2.18M |
| Current Assets | $744.00M | $838.00M | $689.00M | $866.00M | $1.21B | $1.12B | $1.47B | $482.9K | $828.8K | $1.21M |
| Total Assets | $15.06B | $16.95B | $17.86B | $18.34B | $19.64B | $20.69B | $21.76B | $483.56M | $483.90M | $484.35M |
| Current Liabilities | $2.19B | $2.27B | $2.23B | $2.09B | $2.10B | $2.12B | $2.13B | $6.24M | $3.72M | $2.31M |
| Long-term Debt | $2.91B | $3.58B | $1.01B | $1.00B | $1.00B | $665.00M | $665.60M | - | - | - |
| Total Liabilities | $18.66B | $20.73B | $21.32B | $21.09B | $21.95B | $22.55B | $23.17B | $39.31M | $46.59M | $35.85M |
| Stockholders' Equity | ($3.72B) | ($3.96B) | ($3.67B) | ($3.03B) | ($2.66B) | ($2.25B) | ($1.88B) | ($38.75M) | $5.00M | $5.00M |
| Retained Earnings | ($16.79B) | ($16.44B) | ($16.18B) | ($15.72B) | ($15.15B) | ($14.58B) | ($14.14B) | ($38.75M) | ($21.61M) | ($10.43M) |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($284.00M) | - | - | - | ($338.00M) | - | - | - | ($216.6K) |
| Investing Cash Flow | - | ($61.00M) | - | - | - | ($88.00M) | - | - | - | $134.1K |
| Financing Cash Flow | - | $353.00M | - | - | - | $589.00M | - | - | - | - |
| CapEx | - | $59.00M | - | - | - | $129.00M | - | - | - | - |
| Free Cash Flow | - | ($343.00M) | - | - | - | ($467.00M) | - | - | - | - |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 100.1% | 99.9% | - | 99.7% | 99.8% | 98.4% | - | - | - | - |
| Operating margin | -41.6% | -24.0% | - | -50.8% | -38.8% | -46.8% | - | - | - | - |
| EBITDA margin | -23.1% | -6.6% | - | -27.2% | -19.4% | -22.7% | - | - | - | - |
| Net margin | -41.4% | -31.1% | - | -85.9% | -70.8% | -56.9% | - | - | - | - |
| Free cash flow margin | - | -40.4% | - | - | - | -61.0% | - | - | - | - |
| FCF / Net income | - | 1.30 | - | - | - | 1.07 | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 17.8% | 18.3% | - | 35.4% | 27.9% | 35.8% | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -2.3% | -1.6% | - | -3.1% | -2.9% | -2.1% | - | 1.4% | -2.3% | -1.2% |
| Return on equity | 9.4% | 6.7% | - | 18.7% | 21.7% | 19.3% | - | -17.9% | -223.7% | -112.3% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.34 | 0.37 | 0.31 | 0.41 | 0.58 | 0.53 | 0.69 | 0.08 | 0.22 | 0.52 |
| Quick ratio | 0.34 | 0.37 | 0.31 | 0.41 | 0.58 | 0.53 | 0.69 | 0.08 | 0.22 | 0.52 |
| Cash ratio | 0.09 | 0.10 | 0.13 | 0.22 | 0.30 | 0.24 | 0.43 | 0.04 | 0.14 | 0.36 |
| Leverage | ||||||||||
| Debt / Equity | -0.78 | -0.90 | -0.27 | -0.33 | -0.38 | -0.30 | -0.35 | - | - | - |
| Debt / Assets | 0.19 | 0.21 | 0.06 | 0.05 | 0.05 | 0.03 | 0.03 | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | -2.8x | -2.0x | -3.4x | - | - | - | - |
| Equity multiplier | -4.05 | -4.28 | -4.87 | -6.05 | -7.39 | -9.19 | -11.56 | -12.48 | 96.78 | 96.87 |
| Liabilities / Assets | 1.24 | 1.22 | 1.19 | 1.15 | 1.12 | 1.09 | 1.06 | 0.08 | 0.10 | 0.07 |
| Efficiency | ||||||||||
| Asset turnover | 0.06 | 0.05 | - | 0.04 | 0.04 | 0.04 | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 51d | 46d | - | 57d | 46d | 50d | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.6% | 11.0% | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 3.9% | 12.6% | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -11.1% | 43.0% | - | -11625.4% | - | - | - | -4596.2% | - | - |
| Net income growth (YoY) | 39.5% | 39.3% | - | - | -5059.3% | -7644.1% | - | - | - | - |
| EPS growth (YoY) | 72.4% | 40.4% | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | 26.6% | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -39.8% | -76.1% | -95.0% | -7723.9% | - | - | - | - | 325633.5% | - |
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%
Peer comparison
Same SIC group: Opeators of Nonresidential Buildings
Comparing WeWork Inc. against the 5 most active filers in the same SIC group.