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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 716,799 $ 61,576
Restricted cash 30,857 36,241
Receivables:    
Accounts and notes receivable 136,240 123,132
Other receivables 48,945 12,394
Allowance for doubtful accounts (73,292) (60,465)
Receivables, net 111,893 75,061
Income tax receivable 89,326 6,833
Prepaid expenses and other current assets 21,182 29,811
Current assets held for sale 510,397 706,544
Total current assets 1,480,454 916,066
Notes receivable, net 1,430 353
Property and equipment:    
Land 122,260 135,813
Buildings 325,863 351,232
Furniture, equipment and software 452,893 494,713
Leasehold improvements 110,337 124,429
Construction in-progress 11,394 33,719
Accumulated depreciation and amortization (475,684) (499,276)
Property and equipment, net 547,063 640,630
Operating lease right-of-use assets, net 444,679 521,764
Land use rights, net 1,379 1,628
Goodwill 518,332 606,483
Tradenames 221,143 562,137
Deferred costs, net 19,013 24,704
Deferred income taxes 295,942 49,422
Other assets 47,411 72,251
Long-term assets held for sale 1,598,303 3,100,985
Total assets 5,175,149 6,496,423
Current liabilities:    
Accounts payable 35,416 63,427
Accrued expenses 106,931 103,591
Accrued compensation and benefits 60,060 100,688
Deferred revenue and student deposits 62,612 54,849
Current portion of operating leases 42,919 42,039
Current portion of long-term debt and finance leases 88,885 48,139
Current portion of due to shareholders of acquired companies 0 1,109
Income taxes payable 26,205 14,737
Other current liabilities 16,365 14,050
Current liabilities held for sale 594,399 602,426
Total current liabilities 1,033,792 1,045,055
Long-term operating leases, less current portion 452,111 516,979
Long-term debt and finance leases, less current portion 1,307,849 1,103,302
Deferred compensation 11,527 12,744
Income taxes payable 31,287 47,767
Deferred income taxes 105,737 75,115
Other long-term liabilities 31,064 31,300
Long-term liabilities held for sale 375,488 847,715
Total liabilities 3,348,855 3,679,977
Redeemable noncontrolling interests and equity 1,714 12,295
Stockholders' equity:    
Additional paid-in capital 3,758,008 3,724,636
(Accumulated deficit) retained earnings (556,141) 436,509
Accumulated other comprehensive loss (1,065,270) (1,073,981)
Treasury stock at cost (17,627 shares held at September 30, 2020 and 16,008 shares held at December 31, 2019) (300,309) (271,106)
Total Laureate Education, Inc. stockholders' equity 1,837,198 2,816,963
Noncontrolling interests (12,618) (12,812)
Total stockholders' equity 1,824,580 2,804,151
Total liabilities and stockholders' equity 5,175,149 6,496,423
Class A Common Stock    
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 49,889 shares authorized as of September 30, 2020 and December 31, 2019, respectively, no shares issued and outstanding as of September 30, 2020 and December 31, 2019 0 0
Common stock 547 542
Class B Common Stock    
Stockholders' equity:    
Common stock $ 363 $ 363