WeWork Inc
NYSE:WE
Income Statement
Earnings Waterfall
WeWork Inc
Revenue
|
3.4B
USD
|
Cost of Revenue
|
-2.9B
USD
|
Gross Profit
|
416m
USD
|
Operating Expenses
|
-1.3B
USD
|
Operating Income
|
-843m
USD
|
Other Expenses
|
-792m
USD
|
Net Income
|
-1.6B
USD
|
Income Statement
WeWork Inc
Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||
Revenue |
3 416
N/A
|
2 957
-13%
|
2 669
-10%
|
2 519
-6%
|
2 570
+2%
|
2 737
+7%
|
2 959
+8%
|
3 115
+5%
|
3 245
+4%
|
3 329
+3%
|
3 358
+1%
|
|
Gross Profit | ||||||||||||
Cost of Revenue |
(3 816)
|
(3 657)
|
(3 521)
|
(3 329)
|
(3 244)
|
(3 175)
|
(3 125)
|
(3 085)
|
(3 035)
|
(2 983)
|
(2 942)
|
|
Gross Profit |
(400)
N/A
|
(700)
-75%
|
(852)
-22%
|
(810)
+5%
|
(674)
+17%
|
(438)
+35%
|
(166)
+62%
|
30
N/A
|
210
+611%
|
346
+65%
|
416
+20%
|
|
Operating Income | ||||||||||||
Operating Expenses |
(2 384)
|
(2 116)
|
(1 933)
|
(1 752)
|
(1 720)
|
(1 640)
|
(1 582)
|
(1 514)
|
(1 376)
|
(1 300)
|
(1 259)
|
|
Selling, General & Administrative |
(1 605)
|
(1 347)
|
(1 179)
|
(1 026)
|
(1 011)
|
(944)
|
(908)
|
(855)
|
(735)
|
(682)
|
(643)
|
|
Depreciation & Amortization |
(779)
|
(769)
|
(754)
|
(726)
|
(709)
|
(696)
|
(674)
|
(659)
|
(641)
|
(618)
|
(616)
|
|
Operating Income |
(2 784)
N/A
|
(2 816)
-1%
|
(2 785)
+1%
|
(2 562)
+8%
|
(2 394)
+7%
|
(2 078)
+13%
|
(1 749)
+16%
|
(1 485)
+15%
|
(1 166)
+21%
|
(954)
+18%
|
(843)
+12%
|
|
Pre-Tax Income | ||||||||||||
Interest Income Expense |
610
|
(485)
|
(478)
|
(724)
|
(931)
|
(525)
|
(772)
|
(856)
|
(698)
|
(649)
|
(415)
|
|
Non-Reccuring Items |
(1 640)
|
(2 026)
|
(1 879)
|
(1 709)
|
(1 304)
|
(471)
|
(267)
|
(227)
|
(425)
|
(483)
|
(629)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
41
|
|
Pre-Tax Income |
(3 814)
N/A
|
(5 327)
-40%
|
(5 142)
+3%
|
(4 994)
+3%
|
(4 628)
+7%
|
(3 074)
+34%
|
(2 788)
+9%
|
(2 567)
+8%
|
(2 289)
+11%
|
(2 086)
+9%
|
(1 846)
+12%
|
|
Net Income | ||||||||||||
Tax Provision |
(20)
|
(14)
|
(11)
|
(3)
|
(3)
|
1
|
2
|
(3)
|
(6)
|
(4)
|
(6)
|
|
Income from Continuing Operations |
(3 834)
|
(5 340)
|
(5 152)
|
(4 997)
|
(4 632)
|
(3 073)
|
(2 786)
|
(2 571)
|
(2 295)
|
(2 090)
|
(1 852)
|
|
Income to Minority Interest |
704
|
363
|
150
|
133
|
193
|
232
|
256
|
275
|
261
|
227
|
217
|
|
Net Income (Common) |
(3 129)
N/A
|
(4 978)
-59%
|
(5 003)
-1%
|
(4 864)
+3%
|
(4 439)
+9%
|
(2 842)
+36%
|
(2 530)
+11%
|
(2 295)
+9%
|
(2 034)
+11%
|
(1 863)
+8%
|
(1 635)
+12%
|
|
EPS (Diluted) |
-4.37
N/A
|
-6.95
-59%
|
-6.98
0%
|
-6.79
+3%
|
-6.2
+9%
|
-3.74
+40%
|
-3.32
+11%
|
-3.01
+9%
|
-106.53
-3 439%
|
-97.25
+9%
|
-40.21
+59%
|