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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 319,039 $ 324,801
Restricted cash 17,448 20,774
Receivables:    
Accounts and notes receivable 125,922 117,987
Other receivables 5,824 96,229
Allowance for doubtful accounts (56,535) (62,226)
Receivables, net 75,211 151,990
Income tax receivable 24,642 30,474
Prepaid expenses and other current assets 19,543 16,280
Total current assets 455,883 544,319
Property and equipment:    
Land 122,323 121,173
Buildings 333,842 328,343
Furniture, equipment and software 472,370 459,189
Leasehold improvements 111,559 106,813
Construction in-progress 6,493 9,622
Accumulated depreciation and amortization (560,275) (525,623)
Property and equipment, net 486,312 499,517
Operating lease right-of-use assets, net 365,527 384,344
Goodwill 553,275 546,795
Tradenames 144,429 142,848
Deferred costs, net 5,939 5,981
Deferred income taxes 47,465 38,713
Other assets 39,933 42,629
Long-term assets held for sale 0 6,164
Total assets 2,098,763 2,211,310
Current liabilities:    
Accounts payable 31,193 26,870
Accrued expenses 59,537 65,558
Accrued compensation and benefits 80,569 90,454
Deferred revenue and student deposits 74,274 43,959
Current portion of operating leases 38,677 38,149
Current portion of long-term debt and finance leases 46,403 49,082
Income taxes payable 56,691 38,705
Special cash distribution payable 139,995 6,932
Other current liabilities 21,096 11,165
Current liabilities held for sale 0 1,054
Total current liabilities 548,435 371,928
Long-term operating leases, less current portion 345,845 377,104
Long-term debt and finance leases, less current portion 78,359 104,588
Deferred compensation 10,619 11,896
Income taxes payable 127,381 96,463
Deferred income taxes 90,601 73,624
Other long-term liabilities 27,266 24,640
Long-term liabilities held for sale 0 9,795
Total liabilities 1,228,506 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 September 30, 2022 and December 31, 2021 0 0
Common stock, par value $0.004 per share – 700,000 shares authorized, 230,444 shares issued and 164,649 shares outstanding as of September 30, 2022 and 228,831 shares issued and 180,611 shares outstanding as of December 31, 2021 922 915
Additional paid-in capital 2,268,879 2,388,783
Retained earnings 45,852 15,523
Accumulated other comprehensive loss (493,825) (520,204)
Treasury stock at cost (65,795 shares held at September 30, 2022 and 48,220 shares held at December 31, 2021) (951,272) (744,174)
Total Laureate Education, Inc. stockholders' equity 870,556 1,140,843
Noncontrolling interests (1,697) (1,285)
Total stockholders' equity 868,859 1,139,558
Total liabilities and stockholders' equity $ 2,098,763 $ 2,211,310