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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,856,856 $ 750,147
Restricted cash 104,999 117,151
Receivables:    
Accounts and notes receivable 113,844 138,738
Other receivables 101,736 49,835
Allowance for doubtful accounts (55,724) (76,694)
Receivables, net 159,856 111,879
Income tax receivable 13,693 14,564
Prepaid expenses and other current assets 29,140 15,079
Current assets held for sale 5,302 434,966
Total current assets 2,169,846 1,443,786
Property and equipment:    
Land 114,939 126,228
Buildings 320,959 351,480
Furniture, equipment and software 475,802 494,079
Leasehold improvements 120,392 121,683
Construction in-progress 7,865 7,254
Accumulated depreciation and amortization (546,528) (522,240)
Property and equipment, net 493,429 578,484
Operating lease right-of-use assets, net 409,102 462,767
Goodwill 559,283 574,832
Tradenames 150,610 225,573
Deferred costs, net 8,150 17,623
Deferred income taxes 61,685 130,567
Other assets 47,290 54,793
Long-term assets held for sale 14,961 1,482,469
Total assets 3,914,356 4,970,894
Current liabilities:    
Accounts payable 31,986 41,073
Accrued expenses 66,553 95,743
Accrued compensation and benefits 82,420 64,089
Deferred revenue and student deposits 68,300 47,180
Current portion of operating leases 45,710 44,631
Current portion of long-term debt and finance leases 49,918 95,818
Income taxes payable 271,052 29,682
Derivative instruments 0 17,680
Special cash distribution payable 1,271,790 0
Other current liabilities 21,014 15,109
Current liabilities held for sale 6,728 353,550
Total current liabilities 1,915,471 804,555
Long-term operating leases, less current portion 413,777 474,507
Long-term debt and finance leases, less current portion 111,815 899,898
Deferred compensation 12,126 13,425
Income taxes payable 56,768 36,078
Deferred income taxes 137,163 86,368
Derivative instruments 0 8,144
Other long-term liabilities 27,671 33,555
Long-term liabilities held for sale 9,892 348,706
Total liabilities 2,684,683 2,705,236
Redeemable noncontrolling interests and equity 1,714 1,724
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 49,889 shares authorized as of September 30, 2021 and December 31, 2020, respectively, no shares issued and outstanding as of September 30, 2021 and December 31, 2020 0 0
Additional paid-in capital 2,494,856 3,760,029
Accumulated deficit (10,445) (176,822)
Accumulated other comprehensive loss (514,073) (941,986)
Treasury stock at cost (47,102 shares held at September 30, 2021 and 22,043 shares held at December 31, 2020) (729,902) (365,316)
Total Laureate Education, Inc. stockholders' equity 1,241,349 2,276,816
Noncontrolling interests (13,390) (12,882)
Total stockholders' equity 1,227,959 2,263,934
Total liabilities and stockholders' equity 3,914,356 4,970,894
Class A Common Stock    
Stockholders' equity:    
Common stock 648 548
Class B Common Stock    
Stockholders' equity:    
Common stock $ 265 $ 363