XML 52 R58.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Significant Accounting Policies - Schedule of Variable Interest Entities (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues, by segment:                        
Revenues $ 883,152 $ 773,699 $ 992,403 $ 601,072 $ 892,451 $ 778,255 $ 1,005,229 $ 614,278 $ 3,250,326 $ 3,290,213 $ 3,333,073  
Depreciation and amortization                 193,356 239,998 264,742  
Operating income (loss), by segment:                        
Operating income (loss) 155,254 45,730 217,163 (92,027) 134,481 28,996 218,994 (98,601) 326,120 283,870 235,155  
Net income attributable to Laureate Education, Inc. 60,875 $ (95,226) $ 781,592 $ 191,243 71,568 $ (94,789) $ 224,411 $ 168,877 938,484 370,067 91,465  
Balance Sheets data:                        
Cash and cash equivalents 339,629       387,780       339,629 387,780 319,040  
Current assets held for sale 83,800       337,686       83,800 337,686    
Other current assets 519,498       491,667       519,498 491,667    
Total current assets 942,927       1,217,133       942,927 1,217,133    
Goodwill 1,701,495       1,707,089       1,701,495 1,707,089 1,825,284  
Tradenames 1,119,454       1,126,244       1,119,454 1,126,244    
Other intangible assets, net 1,431       25,429       1,431 25,429    
Operating lease right-of-use assets, net 861,878       0       861,878 0    
Long-term assets held for sale 305,973       1,035,197       305,973 1,035,197    
Other long-term assets 1,582,470       1,658,544       1,582,470 1,658,544    
Total assets (includes VIE amounts of $948,632 and $1,196,813, see Note 2) 6,515,628       6,769,636       6,515,628 6,769,636    
Current liabilities held for sale 64,204       321,520       64,204 321,520    
Other current liabilities 1,006,600       868,567       1,006,600 868,567    
Long-term operating leases, less current portion 792,358       0       792,358 0    
Long-term liabilities held for sale 124,914       358,863       124,914 358,863    
Long-term debt and other long-term liabilities 1,711,106       3,155,344       1,711,106 3,155,344    
Total liabilities (includes VIE amounts of $257,199 and $274,744, see Note 2) 3,699,182       4,704,294       3,699,182 4,704,294    
Total stockholders' equity 2,804,151       2,050,946       2,804,151 2,050,946 1,632,532 $ 664,392
Total stockholders' equity attributable to Laureate Education, Inc. 2,816,963       2,061,079       2,816,963 2,061,079    
Brazil                        
Balance Sheets data:                        
Goodwill 388,160       406,452       388,160 406,452 493,373  
Mexico                        
Balance Sheets data:                        
Goodwill 525,256       498,219       525,256 498,219 503,373  
Andean                        
Balance Sheets data:                        
Goodwill 241,327       254,259       241,327 254,259 272,181  
Operating Segments                        
Revenues, by segment:                        
Revenues                 3,250,326 3,290,213 3,333,073  
Balance Sheets data:                        
Total assets (includes VIE amounts of $948,632 and $1,196,813, see Note 2) 6,515,628       6,769,636       6,515,628 6,769,636    
Operating Segments | Brazil                        
Revenues, by segment:                        
Revenues                 578,449 654,300 765,746  
Balance Sheets data:                        
Total assets (includes VIE amounts of $948,632 and $1,196,813, see Note 2) 1,068,362       1,011,391       1,068,362 1,011,391    
Operating Segments | Mexico                        
Revenues, by segment:                        
Revenues                 652,846 646,134 646,154  
Balance Sheets data:                        
Total assets (includes VIE amounts of $948,632 and $1,196,813, see Note 2) 1,315,377       971,309       1,315,377 971,309    
Operating Segments | Andean                        
Revenues, by segment:                        
Revenues                 1,189,701 1,155,691 1,085,640  
Balance Sheets data:                        
Total assets (includes VIE amounts of $948,632 and $1,196,813, see Note 2) 1,715,145       1,608,406       1,715,145 1,608,406    
Other operations including discontinued operations                        
Operating income (loss), by segment:                        
Operating income (loss)                 326,120 283,870 235,155  
Net income attributable to Laureate Education, Inc.                 840,755 503,149 513,205  
Corporate and eliminations                        
Revenues, by segment:                        
Revenues                 5,069 (8,133) (16,758)  
Operating income (loss), by segment:                        
Net income attributable to Laureate Education, Inc.                 42,517 (166,281) (434,775)  
Balance Sheets data:                        
Total assets (includes VIE amounts of $948,632 and $1,196,813, see Note 2) 918,524       1,673,306       918,524 1,673,306    
Variable Interest Entity, Primary Beneficiary                        
Revenues, by segment:                        
Revenues                 39,005 100,227 123,237  
Balance Sheets data:                        
Cash and cash equivalents 157,003       158,387       157,003 158,387    
Current assets held for sale 16,050       183,880       16,050 183,880    
Other current assets 173,072       141,346       173,072 141,346    
Total current assets 346,125       483,613       346,125 483,613    
Goodwill 159,957       168,473       159,957 168,473    
Tradenames 61,691       66,929       61,691 66,929    
Other intangible assets, net 0       0       0 0    
Operating lease right-of-use assets, net 65,761       0       65,761 0    
Long-term assets held for sale 52,519       165,087       52,519 165,087    
Other long-term assets 262,579       312,711       262,579 312,711    
Total assets (includes VIE amounts of $948,632 and $1,196,813, see Note 2) 948,632       1,196,813       948,632 1,196,813    
Current liabilities held for sale 11,741       101,320       11,741 101,320    
Other current liabilities 130,602       106,657       130,602 106,657    
Long-term operating leases, less current portion 56,571       0       56,571 0    
Long-term liabilities held for sale 29,666       42,265       29,666 42,265    
Long-term debt and other long-term liabilities 28,619       24,502       28,619 24,502    
Total liabilities (includes VIE amounts of $257,199 and $274,744, see Note 2) 257,199       274,744       257,199 274,744    
Total stockholders' equity 691,433       922,069       691,433 922,069    
Total stockholders' equity attributable to Laureate Education, Inc. $ 691,433       $ 921,747       691,433 921,747    
Variable Interest Entity, Primary Beneficiary | Operating Segments                        
Revenues, by segment:                        
Revenues                 435,705 441,388 418,123  
Depreciation and amortization                 25,584 25,489 26,899  
Operating income (loss), by segment:                        
Operating income (loss)                 50,503 9,132 (5,735)  
Net income attributable to Laureate Education, Inc.                 55,212 33,199 13,035  
Variable Interest Entity, Primary Beneficiary | Operating Segments | Brazil                        
Revenues, by segment:                        
Revenues                 0 0 104  
Operating income (loss), by segment:                        
Operating income (loss)                 20 (71) (1)  
Variable Interest Entity, Primary Beneficiary | Operating Segments | Mexico                        
Revenues, by segment:                        
Revenues                 57 94 0  
Operating income (loss), by segment:                        
Operating income (loss)                 (333) (489) (876)  
Variable Interest Entity, Primary Beneficiary | Operating Segments | Andean                        
Revenues, by segment:                        
Revenues                 435,648 441,294 418,019  
Operating income (loss), by segment:                        
Operating income (loss)                 $ 50,816 $ 9,692 $ (4,858)