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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. WeWork's Net Income for the three months ended in Sep. 2023 was $-788 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-1,855 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. WeWork's Earnings per Share (Diluted) for the three months ended in Sep. 2023 was $-14.57.
The historical data trend for WeWork's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
WeWork Annual Data | |||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | ||||||
Net Income | -1,610.79 | -3,264.74 | -3,129.00 | -4,439.00 | -2,034.00 |
WeWork Quarterly Data | |||||||||||||||
Dec18 | Dec19 | Jun20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Net Income | Get a 7-Day Free Trial | -568.00 | -454.00 | -264.00 | -349.00 | -788.00 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
WeWork's Net Income for the fiscal year that ended in Dec. 2022 is calculated as
Net Income | (A: Dec. 2022 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -2289 | + | -6 | + | 0 | + | 261 |
= | -2,034 |
WeWork's Net Income for the quarter that ended in Sep. 2023 is calculated as
Net Income | (Q: Sep. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -816 | + | -4 | + | 0 | + | 32 |
= | -788 |
Net Income for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,855 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
WeWork (OTCPK:WEWKQ) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
WeWork's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2023 is calculated as
Earnings per Share (Diluted) (Q: Sep. 2023 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (-788 | - | 0) | / | 54.068 | |
= | -14.57 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of WeWork's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Kurt Wehner | officer: Principal Accounting Officer | 1 DISCOVERY PLACE, SILVER SPRING MD 20910 |
Benchmark Capital Management Co. Vii, L.l.c. | 10 percent owner | 2965 WOODSIDE ROAD, WOODSIDE CA 94062 |
Bruce Dunlevie | director | 2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
Elizabeth A. Lapuma | director | 520 LAKE COOK ROAD, SUITE 315, DEERFIELD IL 60015 |
Henry S Miller | director | AMERICAN INTERNATIONAL GROUP, INC., 70 PINE STREET, NEW YORK NY 10270 |
Paul Aronzon | director | 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478 |
Paul Keglevic | director | STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024 |
Softbank Group Corp | 10 percent owner | 1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537 |
Pamela Swidler | officer: See Remarks | 177 9TH AVENUE, APT. 3C, NEW YORK NY 10011 |
David Tolley | director | C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154 |
Vikas Jayendra Parekh | director | C/O SYMBOTIC INC., 200 RESEARCH DRIVE, WILMINGTON MA 01887 |
Sandeep Mathrani | director, officer: Chief Executive Officer | |
Andre J Fernandez | officer: Chief Financial Officer | 333 WEST STATE STREET, MILWAUKEE WI 53203 |
Alex Clavel | director | PO BOX 1093, BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102 |
Daniel B Hurwitz | director | 3300 ENTERPRISES PARKWAY, BEACHWOOD OH 44122 |
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