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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents (includes VIE amounts of $163,413 and $158,387, see Note 2) $ 323,930 $ 387,780
Restricted cash 183,819 195,792
Receivables:    
Accounts and notes receivable 533,000 373,855
Other receivables 11,066 11,357
Allowance for doubtful accounts (172,677) (159,931)
Receivables, net 371,389 225,281
Income tax receivable 49,439 18,515
Prepaid expenses and other current assets 64,016 52,079
Current assets held for sale 131,606 337,686
Total current assets 1,124,199 1,217,133
Notes receivable, net 12,823 2,397
Property and equipment:    
Land 228,457 234,826
Buildings 654,126 645,177
Furniture, equipment and software 972,864 952,117
Leasehold improvements 316,468 356,660
Construction in-progress 49,101 60,919
Accumulated depreciation and amortization (1,029,619) (974,358)
Property and equipment, net 1,191,397 1,275,341
Operating lease right-of-use assets, net 871,746 0
Land use rights, net 1,578 1,552
Goodwill 1,677,392 1,707,089
Other intangible assets:    
Tradenames 1,116,189 1,126,244
Other intangible assets, net 1,697 25,429
Deferred costs, net 69,841 66,835
Deferred income taxes 134,074 136,487
Derivative instruments 0 3,259
Other assets 175,204 172,673
Long-term assets held for sale 448,573 1,035,197
Total assets 6,824,713 6,769,636
Current liabilities:    
Accounts payable 69,887 65,357
Accrued expenses 260,102 222,162
Accrued compensation and benefits 166,430 194,678
Deferred revenue and student deposits 464,340 193,226
Current portion of operating leases 91,919  
Current portion of long-term debt and finance leases 119,932 100,818
Current portion of due to shareholders of acquired companies 11,502 23,820
Income taxes payable 29,038 17,864
Derivative instruments 11 4,021
Other current liabilities 26,413 46,621
Current liabilities held for sale 136,634 321,520
Total current liabilities (includes VIE amounts of $221,910 and $207,977, see Note 2) 1,376,208 1,190,087
Long-term operating leases, less current portion 800,828  
Long-term debt and finance leases, less current portion 1,158,350 2,593,094
Due to shareholders of acquired companies, less current portion 9,956 21,571
Deferred compensation 11,697 12,778
Income taxes payable 82,182 90,087
Deferred income taxes 224,907 217,558
Derivative instruments 0 6,656
Other long-term liabilities 159,260 213,600
Long-term liabilities held for sale 158,501 358,863
Total liabilities 3,981,889 4,704,294
Redeemable noncontrolling interests and equity 11,944 14,396
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 49,889 shares authorized as of September 30, 2019 and December 31, 2018, respectively, no shares issued and outstanding as of September 30, 2019 and December 31, 2018 0 0
Additional paid-in capital 3,710,145 3,703,796
Retained earnings (accumulated deficit) 375,634 (530,919)
Accumulated other comprehensive loss (1,138,388) (1,112,695)
Treasury stock at cost (104,849) 0
Total Laureate Education, Inc. stockholders' equity 2,843,440 2,061,079
Noncontrolling interests (12,560) (10,133)
Total stockholders' equity 2,830,880 2,050,946
Total liabilities and stockholders' equity 6,824,713 6,769,636
Redeemable noncontrolling interests and equity    
Current liabilities:    
Redeemable noncontrolling interests and equity 11,944  
Class A Common Stock    
Stockholders' equity:    
Common stock 535 430
Class B Common Stock    
Stockholders' equity:    
Common stock $ 363 $ 467