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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents (includes VIE amounts of $158,387 and $100,971, see Note 2) $ 388,490 $ 320,567
Restricted cash 201,300 212,215
Receivables:    
Accounts and notes receivable 399,322 474,456
Other receivables 11,596 15,175
Allowance for doubtful accounts (161,649) (178,566)
Receivables, net 249,269 311,065
Income tax receivable 18,515 38,231
Prepaid expenses and other current assets 53,187 81,948
Current assets held for sale 306,372 324,668
Total current assets (includes VIE amounts of $483,613 and $407,315, see Note 2) 1,217,133 1,288,694
Notes receivable, net 2,397 3,528
Property and equipment:    
Land 234,826 243,179
Buildings 645,177 669,973
Furniture, equipment and software 968,468 977,382
Leasehold improvements 356,824 366,735
Construction in-progress 60,919 62,474
Accumulated depreciation and amortization (987,279) (939,326)
Property and equipment, net 1,278,935 1,380,417
Land use rights, net 1,552 1,572
Goodwill 1,707,089 1,828,365
Other intangible assets:    
Tradenames 1,126,244 1,167,302
Other intangible assets, net 25,429 35,779
Deferred costs, net 66,835 60,931
Deferred income taxes 136,487 152,398
Derivative instruments 3,259 48,186
Other assets 172,817 199,441
Long-term assets held for sale 1,031,459 1,224,672
Total assets (includes VIE amounts of $1,196,813 and $1,419,579, see Note 2) 6,769,636 7,391,285
Current liabilities:    
Accounts payable 67,303 70,137
Accrued expenses 227,583 239,620
Accrued compensation and benefits 196,355 215,760
Deferred revenue and student deposits 193,226 184,116
Current portion of long-term debt 101,866 121,870
Current portion of due to shareholders of acquired companies 23,820 34,745
Income taxes payable 20,901 20,553
Derivative instruments 4,021 4,458
Other current liabilities 46,621 31,761
Current liabilities held for sale 308,391 451,569
Total current liabilities (includes VIE amounts of $207,977 and $341,147, see Note 2) 1,190,087 1,374,589
Long-term debt, less current portion 2,593,585 2,973,396
Due to shareholders of acquired companies, less current portion 21,571 37,040
Deferred compensation 12,778 14,470
Income taxes payable 93,460 106,062
Deferred income taxes 217,558 247,371
Derivative instruments 6,656 9,390
Other long-term liabilities 214,306 221,941
Long-term liabilities held for sale 354,293 405,747
Total liabilities (includes VIE amounts of $274,744 and $449,561, see Note 2) 4,704,294 5,390,006
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 49,889 and 49,488 shares authorized as of December 31, 2018 and December 31, 2017 respectively, no shares issued and outstanding as of December 31, 2018 and December 31, 2017 0 0
Additional paid-in capital 3,703,796 3,446,206
Accumulated deficit (530,919) (946,236)
Accumulated other comprehensive loss (1,112,695) (925,556)
Total Laureate Education, Inc. stockholders' equity 2,061,079 1,575,164
Noncontrolling interests (10,133) 12,118
Total stockholders' equity 2,050,946 1,587,282
Total liabilities and stockholders' equity 6,769,636 7,391,285
Series A Convertible Redeemable Preferred Stock    
Current liabilities:    
Total redeemable noncontrolling interests and equity 0 400,276
Puttable Arrangements - Common and Preferred Stock    
Current liabilities:    
Total redeemable noncontrolling interests and equity 14,396 13,721
Class A Common Stock    
Stockholders' equity:    
Common stock 430 220
Class B Common Stock    
Stockholders' equity:    
Common stock $ 467 $ 530