XML 63 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business and Geographic Segment Information (Tables)
9 Months Ended
Sep. 30, 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 three months ended September 30,
 
For the nine months ended September 30,
 
2017
2016
 
2017
 
2016
Revenues
 
 
 
 
 
 
Brazil
$
170,497

$
152,768

 
$
547,971

 
$
479,628

Mexico
141,175

140,400

 
451,993

 
455,130

Andean & Iberian
314,788

289,182

 
930,335

 
835,477

Central America & U.S. Campuses
69,598

65,602

 
219,081

 
207,142

EMEAA
126,353

116,967

 
468,339

 
584,979

Online & Partnerships
168,375

173,303

 
520,982

 
531,063

Corporate
(7,392
)
(8,367
)
 
(21,935
)
 
(25,120
)
Revenues
$
983,394

$
929,855

 
$
3,116,766

 
$
3,068,299

Adjusted EBITDA of reportable segments
 
 
 
 
 
 
Brazil
$
9,138

$
11,856

 
$
61,289

 
$
63,174

Mexico
6,465

24,775

 
78,590

 
89,292

Andean & Iberian
74,983

63,979

 
240,273

 
179,846

Central America & U.S. Campuses
9,731

7,472

 
38,480

 
31,657

EMEAA
(13,655
)
(24,365
)
 
54,166

 
67,951

Online & Partnerships
42,883

51,250

 
145,753

 
149,097

Total Adjusted EBITDA of reportable segments
129,545

134,967

 
618,551

 
581,017

Reconciling items:
 
 
 
 
 
 
Corporate
(42,976
)
(36,379
)
 
(141,556
)
 
(100,255
)
Depreciation and amortization expense
(67,930
)
(66,824
)
 
(199,394
)
 
(202,735
)
Loss on impairment of assets


 

 

Share-based compensation expense
(8,632
)
(8,030
)
 
(43,969
)
 
(28,939
)
EiP expenses
(15,703
)
(11,232
)
 
(58,344
)
 
(37,175
)
Operating (loss) income
(5,696
)
12,502

 
175,288

 
211,913

Interest income
5,840

3,437

 
14,994

 
13,305

Interest expense
(76,454
)
(104,781
)
 
(278,049
)
 
(314,383
)
Loss on debt extinguishment

(15,682
)
 
(8,425
)
 
(17,363
)
(Loss) gain on derivatives
(19,930
)
516

 
19,187

 
(8,235
)
Other (expense) income, net
(718
)
353

 
(667
)
 
(964
)
Foreign currency exchange gain (loss), net
7,327

26,329

 
(109
)
 
80,263

Gain (loss) on sales of subsidiaries, net

155,151

 
(172
)
 
398,412

(Loss) income from continuing operations before income taxes and equity in net income of affiliates
$
(89,631
)
$
77,825

 
$
(77,953
)
 
$
362,948


 
September 30, 2017
December 31, 2016
Assets
 
 
Brazil
$
1,288,014

$
1,245,264

Mexico
1,087,323

972,171

Andean & Iberian
2,264,689

1,951,864

Central America & U.S. Campuses
339,816

345,238

EMEAA
1,147,354

958,883

Online & Partnerships
1,215,107

1,297,798

Corporate
440,261

291,252

Total assets
$
7,782,564

$
7,062,470