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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents (includes VIE amounts of $100,971 and $72,540, see Note 2) $ 320,567 $ 295,785
Restricted cash and investments 212,215 178,552
Receivables:    
Accounts and notes receivable 474,456 419,345
Other receivables 14,788 16,391
Related party receivables 387 2,258
Allowance for doubtful accounts (178,566) (164,476)
Receivables, net 311,065 273,518
Income tax receivable 38,231 26,783
Prepaid expenses and other current assets 81,948 79,364
Current assets held for sale 324,668 261,864
Total current assets (includes VIE amounts of $407,315 and $322,210, see Note 2) 1,288,694 1,115,866
Notes receivable, net 3,528 60,675
Property and equipment:    
Land 243,179 241,335
Buildings 669,973 651,927
Furniture, equipment and software 977,382 888,572
Leasehold improvements 366,735 324,824
Construction in-progress 62,474 77,960
Accumulated depreciation and amortization (939,326) (823,153)
Property and equipment, net 1,380,417 1,361,465
Land use rights, net 1,572 1,509
Goodwill 1,828,365 1,786,554
Other intangible assets:    
Tradenames 1,167,302 1,153,348
Other intangible assets, net 35,779 46,035
Deferred costs, net 60,931 54,982
Deferred income taxes 152,398 132,052
Derivative instruments 48,186 4,464
Other assets 199,441 175,950
Long-term assets held for sale 1,224,672 1,169,634
Total assets (includes VIE amounts of $1,419,579 and $1,309,113, see Note 2) 7,391,285 7,062,534
Current liabilities:    
Accounts payable 70,137 61,961
Accrued expenses 239,620 301,270
Accrued compensation and benefits 215,760 194,907
Contract with Customer, Liability, Current 184,116 178,463
Current portion of long-term debt 121,870 95,968
Current portion of due to shareholders of acquired companies 34,745 111,681
Income taxes payable 20,553 19,023
Derivative instruments 4,458 5,218
Other current liabilities 31,761 38,277
Current liabilities held for sale 451,569 433,529
Total current liabilities (includes VIE amounts of $341,147 and $320,922, see Note 2) 1,374,589 1,440,297
Long-term debt, less current portion 2,973,396 3,361,272
Due to shareholders of acquired companies, less current portion 37,040 66,340
Deferred compensation 14,470 14,128
Income taxes payable 106,062 128,658
Deferred income taxes 247,371 388,474
Derivative instruments 9,390 7,750
Other long-term liabilities 221,941 238,445
Long-term liabilities held for sale 405,747 395,945
Total liabilities (includes VIE amounts of $449,561 and $424,297, see Note 2) 5,390,006 6,041,309
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 49,488 shares authorized, no shares issued and outstanding as of December 31, 2017 and December 31, 2016 0 0
Common stock 0 534
Additional paid-in capital 3,446,206 2,721,432
Accumulated deficit (946,236) (1,037,701)
Accumulated other comprehensive loss (925,556) (1,052,055)
Total Laureate Education, Inc. stockholders' equity 1,575,164 632,210
Noncontrolling interests 12,118 32,182
Total stockholders' equity 1,587,282 664,392
Total liabilities and stockholders' equity 7,391,285 7,062,534
Series A Convertible Redeemable Preferred Stock    
Current liabilities:    
Total redeemable noncontrolling interests and equity 400,276 332,957
Puttable Arrangements - Common and Preferred Stock    
Current liabilities:    
Total redeemable noncontrolling interests and equity 13,721 23,876
Class A Common Stock    
Stockholders' equity:    
Common stock 220 0
Class B Common Stock    
Stockholders' equity:    
Common stock $ 530 $ 0