Business and Geographic Segment Information (Tables)

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Schedule of segment financial information

The following tables provide financial information for our reportable segments, including a reconciliation of Adjusted EBITDA to Income (loss) from continuing operations before income taxes and equity in net income of affiliates, as reported in the Consolidated Statements of Operations, for the years ended December 31, 2017, 2016 and 2015:

	Brazil		Mexico		Andean & Iberian		Central America & U.S. Campuses		EMEAA		Online & Partnerships		Corporate			Total
2017
Revenues	$	765,746	$	646,154	$	1,313,872	$	291,877	$	697,244	$	690,374	$	(27,278	)	$	4,377,989
Adjusted EBITDA	134,205		147,171		360,135		48,298		125,083		204,543		(187,695		)	831,740
Depreciation and amortization expense	35,715		27,990		81,644		15,723		51,558		35,440		16,672			264,742
Loss on impairment of assets	3,320		—		2,530		17,499		15,977		257		1,014			40,597
Total assets	1,256,364		969,400		2,117,317		376,070		1,022,569		1,294,147		355,856			7,391,723
Expenditures for long-lived assets	50,244		38,615		80,435		35,997		40,758		23,730		24,001			293,780
2016
Revenues	$	690,804	$	626,011	$	1,188,599	$	274,860	$	788,683	$	704,976	$	(29,741	)	$	4,244,192
Adjusted EBITDA	95,442		143,741		283,397		43,464		127,710		208,237		(136,390		)	765,601
Depreciation and amortization expense	35,695		26,273		82,982		17,360		54,543		38,452		9,574			264,879
Loss on impairment of assets	—		—		—		—		23,465		—		—			23,465
Total assets	1,245,264		972,171		1,951,864		345,238		958,883		1,297,798		291,252			7,062,470
Expenditures for long-lived assets	29,332		28,081		86,961		12,749		36,674		29,275		33,622			256,694
2015
Revenues	$	672,917	$	678,193	$	1,121,408	$	263,283	$	881,664	$	707,998	$	(33,804	)	$	4,291,659
Adjusted EBITDA	81,322		150,136		255,115		31,637		109,574		191,019		(115,395		)	703,408
Depreciation and amortization expense	34,261		35,156		80,556		22,935		65,069		37,161		7,808			282,946
Loss on impairment of assets	—		—		—		—		—		—		—			—
Total assets	1,054,870		1,157,814		1,841,239		378,023		1,407,909		1,225,140		338,450			7,403,445
Expenditures for long-lived assets	36,730		34,715		138,367		31,803		69,522		33,842		21,879			366,858

For the years ended December 31,	2017			2016			2015
Adjusted EBITDA of reportable segments:
Brazil	$	134,205		$	95,442		$	81,322
Mexico	147,171			143,741			150,136
Andean & Iberian	360,135			283,397			255,115
Central America & U.S. Campuses	48,298			43,464			31,637
EMEAA	125,083			127,710			109,574
Online & Partnerships	204,543			208,237			191,019
Total Adjusted EBITDA of reportable segments	1,019,435			901,991			818,803
Reconciling items:
Corporate	(187,695		)	(136,390		)	(115,395		)
Depreciation and amortization expense	(264,742		)	(264,879		)	(282,946		)
Loss on impairment of assets	(40,597		)	(23,465		)	—
Share-based compensation expense	(64,788		)	(38,809		)	(39,021		)
EiP expenses	(104,826		)	(55,555		)	(44,484		)
Operating income	356,787			382,893			336,957
Interest income	19,669			18,670			13,328
Interest expense	(362,904		)	(421,936		)	(398,042		)
Loss on debt extinguishment	(8,392		)	(17,363		)	(1,263		)
Gain (loss) on derivatives	28,656			(6,084		)	(2,607		)
Other (expense) income, net	(2,193		)	910			195
Foreign currency exchange gain (loss), net	5,838			67,450			(149,178		)
(Loss) gain on sales of subsidiaries, net	(10,662		)	406,557			—
Income (loss) from continuing operations before income taxes and equity in net income of affiliates	$	26,799		$	431,097		$	(200,610	)

Schedule of revenue from customers by geographical area

Revenues from customers by geographic area, primarily generated by students enrolled at institutions in those areas, were as follows:

For the years ended December 31,	2017		2016		2015
External Revenues (1)
Brazil	$	765,358	$	690,377	$	672,372
United States	760,455		743,712		737,460
Mexico	644,015		624,939		678,030
Chile	617,258		564,631		536,542
Peru	450,719		389,815		356,684
Spain	191,806		197,970		200,284
Other foreign countries	948,378		1,032,748		1,110,287
Consolidated total	$	4,377,989	$	4,244,192	$	4,291,659

⁽¹⁾ Excludes intercompany revenues and therefore does not agree to the table above

Schedule of long-lived assets by geographic areas

Long-lived assets are composed of Property and equipment, net. Laureate’s long-lived assets of continuing operations by geographic area were as follows:

December 31,	2017		2016
Long-lived assets
Chile	$	450,224	$	432,499
Peru	327,908		299,014
Brazil	245,781		252,289
Mexico	237,109		218,531
United States	180,595		199,171
Spain	179,627		163,740
China (1)	—		125,697
Other foreign countries	313,660		460,692
Consolidated total	$	1,934,904	$	2,151,633

⁽¹⁾ As discussed in Note 3, Assets Held for Sale, in December 2017 we entered into an agreement to sell LEILY, the entity that is

the beneficial owner of a 70% equity interest in Hunan Lie Ying Industry Co, Ltd., which in turn owns 100% of the sponsorship or equity interest in the Entities, a group of entities that includes HIEU. As a result, Long-lived assets of $128,797 have been included in Long-term assets held for sale.