XML 37 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents (includes VIE amounts of $265,494 and $169,074, see Note 2) $ 504,962 $ 464,965
Restricted cash and investments 199,300 189,319
Receivables:    
Accounts and notes receivable 771,597 494,646
Other receivables 22,446 23,758
Related party receivables 4,863 6,931
Allowance for doubtful accounts (199,759) (190,499)
Receivables, net 599,147 334,836
Income tax receivable 59,866 29,447
Prepaid expenses and other current assets 104,376 97,234
Current assets held for sale 92,248 0
Total current assets (includes VIE amounts of $549,721 and $322,210, see Note 2) 1,559,899 1,115,801
Notes receivable, net 12,713 61,157
Property and equipment:    
Land 376,000 396,821
Buildings 1,162,800 1,219,783
Furniture, equipment and software 1,206,392 1,160,350
Leasehold improvements 440,134 399,555
Construction in-progress 72,526 103,205
Accumulated depreciation and amortization (1,227,618) (1,128,081)
Property and equipment, net 2,030,234 2,151,633
Land use rights, net 44,470 45,275
Goodwill 2,028,286 1,934,464
Other intangible assets:    
Tradenames 1,330,302 1,307,633
Other intangible assets, net 43,206 46,700
Deferred costs, net 62,043 57,748
Deferred income taxes 152,241 142,130
Derivative instruments 29,721 4,464
Other assets 209,648 195,465
Long-term assets held for sale 279,801 0
Total assets (includes VIE amounts of $1,558,050 and $1,309,113, see Note 2) 7,782,564 7,062,470
Current liabilities:    
Accounts payable 88,122 86,699
Accrued expenses 367,560 368,973
Accrued compensation and benefits 244,440 239,495
Deferred revenue and student deposits 729,855 362,891
Current portion of long-term debt 185,848 178,989
Current portion of due to shareholders of acquired companies 28,881 118,679
Income taxes payable 31,074 30,371
Derivative instruments 0 5,218
Other current liabilities 60,919 48,917
Current liabilities held for sale 158,280 0
Total current liabilities (includes VIE amounts of $504,325 and $320,922, see Note 2) 1,894,979 1,440,232
Long-term debt, less current portion 3,024,560 3,629,375
Due to shareholders of acquired companies, less current portion 52,294 92,269
Deferred compensation 13,032 14,128
Income taxes payable 120,029 135,140
Deferred income taxes 450,718 452,084
Derivative instruments 8,094 7,750
Other long-term liabilities 246,522 270,267
Long-term liabilities held for sale 73,199 0
Total liabilities (includes VIE amounts of $606,896 and $424,297, see Note 2) 5,883,427 6,041,245
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 49,488 shares authorized, no shares issued and outstanding as of September 30, 2017 and December 31, 2016 0 0
Common stock   534
Additional paid-in capital 3,545,365 2,721,432
Accumulated deficit (1,142,081) (1,037,701)
Accumulated other comprehensive loss (852,356) (1,052,055)
Total Laureate Education, Inc. stockholders' equity 1,551,678 632,210
Noncontrolling interests 30,551 32,182
Total stockholders' equity 1,582,229 664,392
Total liabilities and stockholders' equity 7,782,564 7,062,470
Series A Convertible Redeemable Preferred Stock    
Current liabilities:    
Total redeemable noncontrolling interests and equity 302,693 332,957
Puttable Arrangements - Common and Preferred Stock    
Current liabilities:    
Total redeemable noncontrolling interests and equity 14,215 $ 23,876
Class A Common Stock    
Stockholders' equity:    
Common stock 219  
Class B Common Stock    
Stockholders' equity:    
Common stock $ 531