WeWork revenue was $3.42 b in FY, 2020 which is a 1.2% year over year decrease from the previous period.
WeWork revenue breakdown by business segment: 91.7% from Membership and Service Revenue and 8.3% from Other
WeWork revenue breakdown by geographic segment: 12.3% from United Kingdom, 25.0% from Other foreign countries, 49.3% from United States, 6.0% from Greater China and 7.3% from Japan
USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|
Revenue | 1.8b | 3.5b | 3.4b |
Revenue growth, % | 106% | 90% | (1%) |
Cost of goods sold | 1.5b | 2.8b | 3.5b |
Gross profit | 330.0m | 700.3m | (127.1m) |
Gross profit Margin, % | 18% | 20% | (4%) |
General and administrative expense | 1.3b | 2.8b | 1.6b |
Operating expense total | 2.0b | 4.6b | 4.2b |
Depreciation and amortization | 313.5m | 589.9m | 589.9m |
EBIT | (1.7b) | (3.9b) | (4.3b) |
EBIT margin, % | (93%) | (113%) | (127%) |
Interest expense | 183.7m | 99.6m | 331.2m |
Interest income | 37.7m | 53.2m | 16.9m |
Pre tax profit | (1.9b) | (3.7b) | (3.8b) |
Income tax expense | (850.0k) | 45.6m | 19.5m |
Net Income | (1.9b) | (3.8b) | (3.8b) |
EPS | (9.9) | (19.4) | (18.4) |
USD | Q2, 2021 |
---|---|
Revenue | 593.5m |
Cost of goods sold | 780.5m |
Gross profit | (187.0m) |
Gross profit Margin, % | (32%) |
General and administrative expense | 225.1m |
Operating expense total | 663.0m |
Depreciation and amortization | 180.2m |
EBIT | (850.0m) |
EBIT margin, % | (143%) |
Interest expense | 113.3m |
Interest income | 4.4m |
Pre tax profit | (918.5m) |
Income tax expense | 4.0m |
Net Income | (922.5m) |
EPS | (5.0) |
USD | FY, 2019 | FY, 2020 |
---|---|---|
Cash | 1.3b | 800.5m |
Accounts Receivable | 230.2m | 176.5m |
Current Assets | 2.1b | 1.3b |
PP&E | 8.4b | 6.9b |
Goodwill | 698.4m | 679.4m |
Total Assets | 31.1b | 25.4b |
Accounts Payable | 1.4b | 723.4m |
Short-term debt | 685.6m | 847.5m |
Current Liabilities | 3.1b | 2.2b |
Long-term debt | 22.6b | 21.0b |
Total Debt | 23.3b | 21.8b |
Total Liabilities | 28.0b | 25.0b |
Common Stock | 198.0k | 196.0k |
Preferred Stock | 6.5b | 7.7b |
Additional Paid-in Capital | 1.9b | 2.2b |
Retained Earnings | (6.6b) | (9.7b) |
Total Equity | 3.1b | 374.4m |
Debt to Equity Ratio | 7.5 x | 58.2 x |
Debt to Assets Ratio | 0.7 x | 0.9 x |
Financial Leverage | 9.9 x | 67.7 x |
USD | Q2, 2021 |
---|---|
Cash | 844.0m |
Accounts Receivable | 118.2m |
Current Assets | 1.4b |
PP&E | 6.0b |
Goodwill | 678.7m |
Total Assets | 23.2b |
Accounts Payable | 537.6m |
Short-term debt | 873.5m |
Current Liabilities | 2.3b |
Long-term debt | 19.6b |
Total Debt | 20.5b |
Total Liabilities | 24.5b |
Common Stock | 201.0k |
Preferred Stock | 8.4b |
Additional Paid-in Capital | 2.8b |
Retained Earnings | (12.6b) |
Total Equity | (1.3b) |
Debt to Equity Ratio | -15.9 x |
Debt to Assets Ratio | 0.9 x |
Financial Leverage | -18 x |
USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|
Net Income | (1.9b) | (3.8b) | (3.8b) |
Depreciation and Amortization | 313.5m | 589.9m | 779.4m |
Accounts Receivable | (69.4m) | (175.3m) | (32.7m) |
Accounts Payable | 147.6m | 390.6m | (164.2m) |
Cash From Operating Activities | (176.7m) | (448.2m) | (857.0m) |
Purchases of PP&E | (2.1b) | (3.5b) | (1.4b) |
Cash From Investing Activities | (2.5b) | (4.8b) | (444.1m) |
Short-term Borrowings | (1.9m) | (3.6m) | (4.0m) |
Long-term Borrowings | (28.6m) | (3.1m) | (813.1m) |
Cash From Financing Activities | 2.7b | 5.3b | (46.8m) |
Net Change in Cash | (7.2m) | 36.7m | (1.3b) |
USD | Q2, 2021 |
---|---|
Net Income | (3.0b) |
Depreciation and Amortization | 364.3m |
Accounts Receivable | 11.6m |
Accounts Payable | (40.7m) |
Cash From Operating Activities | (1.2b) |
Purchases of PP&E | (153.1m) |
Cash From Investing Activities | (186.6m) |
Short-term Borrowings | (2.2m) |
Long-term Borrowings | (2.6m) |
Cash From Financing Activities | 1.3b |
Net Change in Cash | 1.3m |
USD | FY, 2018 |
---|---|
Revenue/Employee | 351.1k |