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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents (includes VIE amounts of $157,003 and $158,387, see Note 2) $ 339,629 $ 387,780
Restricted cash 186,921 195,792
Receivables:    
Accounts and notes receivable 432,910 373,855
Other receivables 18,350 11,357
Allowance for doubtful accounts (190,785) (159,931)
Receivables, net 260,475 225,281
Income tax receivable 22,416 18,515
Prepaid expenses and other current assets 49,686 52,079
Current assets held for sale 83,800 337,686
Total current assets 942,927 1,217,133
Notes receivable, net 9,882 2,397
Property and equipment:    
Land 229,663 234,826
Buildings 662,376 645,177
Furniture, equipment and software 952,599 952,117
Leasehold improvements 329,011 356,660
Construction in-progress 57,393 60,919
Accumulated depreciation and amortization (1,031,823)  
Accumulated depreciation and amortization   (974,358)
Property and equipment, net 1,199,219  
Property and equipment, net   1,275,341
Operating lease right-of-use assets, net 861,878 0
Land use rights, net 1,628 1,552
Goodwill 1,701,495 1,707,089
Other intangible assets:    
Tradenames 1,119,454 1,126,244
Other intangible assets, net 1,431 25,429
Deferred costs, net 69,998 66,835
Deferred income taxes 125,417 136,487
Derivative instruments 0 3,259
Other assets 176,326 172,673
Long-term assets held for sale 305,973 1,035,197
Total assets (includes VIE amounts of $948,632 and $1,196,813, see Note 2) 6,515,628 6,769,636
Current liabilities:    
Accounts payable 119,523 65,357
Accrued expenses 214,808 222,162
Accrued compensation and benefits 182,080 194,678
Deferred revenue and student deposits 216,816 193,226
Current portion of operating leases 91,558 0
Current portion of long-term debt and finance leases 118,822 100,818
Current portion of due to shareholders of acquired companies 11,523 23,820
Income taxes payable 25,501 17,864
Derivative instruments 0 4,021
Other current liabilities 25,969 46,621
Current liabilities held for sale 64,204 321,520
Total current liabilities (includes VIE amounts of $142,343 and $207,977, see Note 2) 1,070,804 1,190,087
Long-term operating leases, less current portion 792,358 0
Long-term debt and finance leases, less current portion 1,260,317 2,593,094
Due to shareholders of acquired companies, less current portion 9,995 21,571
Deferred compensation 12,744 12,778
Income taxes payable 62,200 90,087
Deferred income taxes 218,378 217,558
Derivative instruments 0 6,656
Other long-term liabilities 147,472 213,600
Long-term liabilities held for sale 124,914 358,863
Total liabilities (includes VIE amounts of $257,199 and $274,744, see Note 2) 3,699,182 4,704,294
Redeemable noncontrolling interests and equity 12,295 14,396
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 49,889 shares authorized as of December 31, 2019 and December 31, 2018 respectively, no shares issued and outstanding as of December 31, 2019 and December 31, 2018 0 0
Additional paid-in capital 3,724,636 3,703,796
Retained earnings (accumulated deficit) 436,509 (530,919)
Accumulated other comprehensive loss (1,073,981) (1,112,695)
Treasury stock at cost (16,008 shares held at December 31, 2019 and 0 shares held at December 31, 2018) (271,106) 0
Total Laureate Education, Inc. stockholders' equity 2,816,963 2,061,079
Noncontrolling interests (12,812) (10,133)
Total stockholders' equity 2,804,151 2,050,946
Total liabilities and stockholders' equity 6,515,628 6,769,636
Class A Common Stock    
Stockholders' equity:    
Common stock 542 430
Class B Common Stock    
Stockholders' equity:    
Common stock $ 363 $ 467