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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 324,801 $ 750,147
Restricted cash 20,774 117,151
Receivables:    
Accounts and notes receivable 117,987 138,738
Other receivables 96,229 49,835
Allowance for doubtful accounts (62,226) (76,694)
Receivables, net 151,990 111,879
Income tax receivable 30,474 14,564
Prepaid expenses and other current assets 16,280 15,079
Current assets held for sale 0 434,966
Total current assets 544,319 1,443,786
Property and equipment:    
Land 121,173 126,228
Buildings 328,343 351,480
Furniture, equipment and software 459,189 494,079
Leasehold improvements 106,813 121,683
Construction in-progress 9,622 7,254
Accumulated depreciation and amortization 525,623 522,240
Property and equipment, net 499,517 578,484
Operating lease right-of-use assets, net 384,344 462,767
Goodwill 546,795 574,832
Tradenames, net 142,848 225,573
Deferred costs, net 5,981 17,623
Deferred income taxes 38,713 130,567
Other assets 42,629 54,793
Long-term assets held for sale 6,164 1,482,469
Total assets 2,211,310 4,970,894
Current liabilities:    
Accounts payable 26,870 41,073
Accrued expenses 65,558 95,743
Accrued compensation and benefits 90,454 64,089
Deferred revenue and student deposits 43,959 47,180
Current portion of operating leases 38,149 44,631
Current portion of long-term debt and finance leases 49,082 95,818
Income taxes liabilities 38,705 29,682
Derivative instruments 0 17,680
Other current liabilities 18,097 15,109
Current liabilities held for sale 1,054 353,550
Total current liabilities 371,928 804,555
Long-term operating leases, less current portion 377,104 474,507
Long-term debt and finance leases, less current portion 104,588 899,898
Deferred compensation 11,896 13,425
Income taxes payable 96,463 36,078
Deferred income taxes 73,624 86,368
Derivative instruments 0 8,144
Other long-term liabilities 24,640 33,555
Long-term liabilities held for sale 9,795 348,706
Total liabilities 1,070,038 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 December 31, 2021 and December 31, 2020 respectively, no shares issued and outstanding as of December 31, 2021 and December 31, 2020 0 0
Additional paid-in capital 2,388,783 3,760,029
Retained earnings (accumulated deficit) 15,523 (176,822)
Accumulated other comprehensive loss (520,204) (941,986)
Treasury stock at cost (48,220 shares held at December 31, 2021 and 22,043 shares held at December 31, 2020) (744,174) (365,316)
Total stockholders' equity attributable to Laureate Education, Inc. 1,140,843 2,276,816
Noncontrolling interests (1,285) (12,882)
Total stockholders' equity 1,139,558 2,263,934
Total liabilities and stockholders' equity 2,211,310 4,970,894
Common Stock    
Stockholders' equity:    
Common stock 915 0
Class A Common Stock    
Stockholders' equity:    
Common stock 0 548
Class B Common Stock    
Stockholders' equity:    
Common stock $ 0 $ 363