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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents (includes VIE amounts of $114,684 and $169,074, see Note 2) $ 367,163 $ 464,965
Restricted cash and investments 193,305 189,319
Receivables:    
Accounts and notes receivable 669,039 494,646
Other receivables 21,524 23,758
Related party receivables 5,830 6,931
Allowance for doubtful accounts (196,987) (190,499)
Receivables, net 499,406 334,836
Income tax receivable 37,088 29,447
Prepaid expenses and other current assets 145,520 97,234
Total current assets (includes VIE amounts of $350,678 and $322,210, see Note 2) 1,242,482 1,115,801
Notes receivable, net 7,138 61,157
Property and equipment:    
Land 418,754 396,821
Buildings 1,295,766 1,219,783
Furniture, equipment and software 1,251,255 1,160,350
Leasehold improvements 432,428 399,555
Construction in-progress 73,364 103,205
Accumulated depreciation and amortization (1,263,167) (1,128,081)
Property and equipment, net 2,208,400 2,151,633
Land use rights, net 45,741 45,275
Goodwill 2,020,620 1,934,464
Other intangible assets:    
Tradenames 1,332,523 1,307,633
Other intangible assets, net 44,735 46,700
Deferred costs, net 61,529 57,748
Deferred income taxes 147,882 142,130
Derivative instruments 49,171 4,464
Other assets 209,515 195,465
Total assets (includes VIE amounts of $1,340,653 and $1,309,113, see Note 2) 7,369,736 7,062,470
Current liabilities:    
Accounts payable 82,878 86,699
Accrued expenses 314,209 368,973
Accrued compensation and benefits 225,186 239,495
Deferred revenue and student deposits 380,164 362,891
Current portion of long-term debt 212,568 178,989
Current portion of due to shareholders of acquired companies 133,083 118,679
Income taxes payable 23,154 30,371
Derivative instruments 0 5,218
Other current liabilities 43,960 48,917
Total current liabilities (includes VIE amounts of $295,819 and $320,922, see Note 2) 1,415,202 1,440,232
Long-term debt, less current portion 3,291,713 3,629,375
Due to shareholders of acquired companies, less current portion 82,380 92,269
Deferred compensation 14,399 14,128
Income taxes payable 111,687 135,140
Deferred income taxes 459,283 452,084
Derivative instruments 7,941 7,750
Other long-term liabilities 281,972 270,267
Total liabilities (includes VIE amounts of $405,181 and $424,297, see Note 2) 5,664,577 6,041,245
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 49,488 shares authorized, no shares issued and outstanding as of June 30, 2017 and December 31, 2016 0 0
Common stock   534
Additional paid-in capital 3,371,395 2,721,432
Accumulated deficit (1,044,123) (1,037,701)
Accumulated other comprehensive loss (914,994) (1,052,055)
Total Laureate Education, Inc. stockholders' equity 1,412,953 632,210
Noncontrolling interests 34,654 32,182
Total stockholders' equity 1,447,607 664,392
Total liabilities and stockholders' equity 7,369,736 7,062,470
Series A Convertible Redeemable Preferred Stock    
Current liabilities:    
Total redeemable noncontrolling interests and equity 232,030 332,957
Puttable Arrangements - Common and Preferred Stock    
Current liabilities:    
Total redeemable noncontrolling interests and equity 25,522 $ 23,876
Class A Common Stock    
Stockholders' equity:    
Common stock 142  
Class B Common Stock    
Stockholders' equity:    
Common stock $ 533