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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 156,909 $ 324,801
Restricted cash 20,192 20,774
Receivables:    
Accounts and notes receivable 152,037 117,987
Other receivables 78,405 96,229
Allowance for doubtful accounts (57,564) (62,226)
Receivables, net 172,878 151,990
Income tax receivable 26,519 30,474
Prepaid expenses and other current assets 24,025 16,280
Total current assets 400,523 544,319
Property and equipment:    
Land 126,789 121,173
Buildings 345,558 328,343
Furniture, equipment and software 478,110 459,189
Leasehold improvements 114,245 106,813
Construction in-progress 7,503 9,622
Accumulated depreciation and amortization (566,150) (525,623)
Property and equipment, net 506,055 499,517
Operating lease right-of-use assets, net 382,248 384,344
Goodwill 570,614 546,795
Tradenames 149,064 142,848
Deferred costs, net 5,588 5,981
Deferred income taxes 46,630 38,713
Other assets 41,227 42,629
Long-term assets held for sale 0 6,164
Total assets 2,101,949 2,211,310
Current liabilities:    
Accounts payable 34,456 26,870
Accrued expenses 57,141 65,558
Accrued compensation and benefits 71,405 90,454
Deferred revenue and student deposits 50,468 43,959
Current portion of operating leases 39,513 38,149
Current portion of long-term debt and finance leases 46,096 49,082
Income taxes payable 49,387 38,705
Other current liabilities 21,450 18,097
Current liabilities held for sale 0 1,054
Total current liabilities 369,916 371,928
Long-term operating leases, less current portion 367,744 377,104
Long-term debt and finance leases, less current portion 89,872 104,588
Deferred compensation 12,046 11,896
Income taxes payable 125,381 96,463
Deferred income taxes 92,458 73,624
Other long-term liabilities 27,907 24,640
Long-term liabilities held for sale 0 9,795
Total liabilities 1,085,324 1,070,038
Redeemable equity 1,398 1,714
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 50,000 shares authorized, no shares issued and outstanding as of June 30, 2022 and December 31, 2021 0 0
Common stock, par value $0.004 per share – 700,000 shares authorized, 230,381 shares issued and 164,663 shares outstanding as of June 30, 2022 and 228,831 shares issued and 180,611 shares outstanding as of December 31, 2021 922 915
Additional paid-in capital 2,404,243 2,388,783
Retained earnings 14,735 15,523
Accumulated other comprehensive loss (452,648) (520,204)
Treasury stock at cost (65,718 shares held at June 30, 2022 and 48,220 shares held at December 31, 2021) (950,410) (744,174)
Total Laureate Education, Inc. stockholders' equity 1,016,842 1,140,843
Noncontrolling interests (1,615) (1,285)
Total stockholders' equity 1,015,227 1,139,558
Total liabilities and stockholders' equity $ 2,101,949 $ 2,211,310