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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 293,835 $ 324,801
Restricted cash 20,607 20,774
Receivables:    
Accounts and notes receivable 108,851 117,987
Other receivables 80,690 96,229
Allowance for doubtful accounts (60,461) (62,226)
Receivables, net 129,080 151,990
Income tax receivable 27,055 30,474
Prepaid expenses and other current assets 21,034 16,280
Total current assets 491,611 544,319
Property and equipment:    
Land 127,695 121,173
Buildings 346,870 328,343
Furniture, equipment and software 478,945 459,189
Leasehold improvements 113,034 106,813
Construction in-progress 8,902 9,622
Accumulated depreciation and amortization (558,593) (525,623)
Property and equipment, net 516,853 499,517
Operating lease right-of-use assets, net 384,496 384,344
Goodwill 567,061 546,795
Tradenames 148,646 142,848
Deferred costs, net 5,903 5,981
Deferred income taxes 47,782 38,713
Other assets 41,807 42,629
Long-term assets held for sale 6,573 6,164
Total assets 2,210,732 2,211,310
Current liabilities:    
Accounts payable 45,704 26,870
Accrued expenses 72,190 65,558
Accrued compensation and benefits 68,677 90,454
Deferred revenue and student deposits 97,055 43,959
Current portion of operating leases 39,281 38,149
Current portion of long-term debt and finance leases 53,220 49,082
Income taxes payable 32,348 38,705
Other current liabilities 16,891 18,097
Current liabilities held for sale 1,167 1,054
Total current liabilities 426,533 371,928
Long-term operating leases, less current portion 373,557 377,104
Long-term debt and finance leases, less current portion 99,425 104,588
Deferred compensation 11,971 11,896
Income taxes payable 128,800 96,463
Deferred income taxes 88,361 73,624
Other long-term liabilities 24,987 24,640
Long-term liabilities held for sale 10,496 9,795
Total liabilities 1,164,130 1,070,038
Redeemable noncontrolling interests and equity 1,714 1,714
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 50,000 shares authorized, no shares issued and outstanding as of March 31, 2022 and December 31, 2021 0 0
Common stock, par value $0.004 per share – 700,000 shares authorized, 230,210 shares issued and 172,505 shares outstanding as of March 31, 2022 and 228,831 shares issued and 180,611 shares outstanding as of December 31, 2021 921 915
Additional paid-in capital 2,402,072 2,388,783
(Accumulated deficit) retained earnings (28,688) 15,523
Accumulated other comprehensive loss (470,617) (520,204)
Treasury stock at cost (57,705 shares held at March 31, 2022 and 48,220 shares held at December 31, 2021) (857,048) (744,174)
Total Laureate Education, Inc. stockholders' equity 1,046,640 1,140,843
Noncontrolling interests (1,752) (1,285)
Total stockholders' equity 1,044,888 1,139,558
Total liabilities and stockholders' equity $ 2,210,732 $ 2,211,310