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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 85,167 $ 324,801
Restricted cash 8,617 20,774
Receivables:    
Accounts and notes receivable 133,105 117,987
Other receivables 9,486 96,229
Allowance for doubtful accounts (61,882) (62,226)
Receivables, net 80,709 151,990
Income tax receivable 32,261 30,474
Prepaid expenses and other current assets 19,445 16,280
Total current assets 226,199 544,319
Property and equipment:    
Land 127,154 121,173
Buildings 348,931 328,343
Furniture, equipment and software 494,004 459,189
Leasehold improvements 117,820 106,813
Construction in-progress 11,871 9,622
Accumulated depreciation and amortization (576,373) (525,623)
Property and equipment, net 523,407 499,517
Operating lease right-of-use assets, net 389,565 384,344
Goodwill 583,493 546,795
Tradenames, net 151,645 142,848
Deferred costs, net 5,310 5,981
Deferred income taxes 51,941 38,713
Other assets 40,677 42,629
Long-term assets held for sale 0 6,164
Total assets 1,972,237 2,211,310
Current liabilities:    
Accounts payable 42,842 26,870
Accrued expenses 50,563 65,558
Accrued compensation and benefits 85,215 90,454
Deferred revenue and student deposits 51,264 43,959
Current portion of operating leases 38,994 38,149
Current portion of long-term debt and finance leases 56,184 49,082
Income taxes liabilities 38,738 38,705
Other current liabilities 17,587 18,097
Current liabilities held for sale 0 1,054
Total current liabilities 381,387 371,928
Long-term operating leases, less current portion 376,898 377,104
Long-term debt and finance leases, less current portion 175,929 104,588
Deferred compensation 10,379 11,896
Income taxes payable 131,301 96,463
Deferred income taxes 89,765 73,624
Other long-term liabilities 30,823 24,640
Long-term liabilities held for sale 0 9,795
Total liabilities 1,196,482 1,070,038
Redeemable noncontrolling interests and equity 1,398 1,714
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 50,000 shares authorized and no shares issued and outstanding as of December 31, 2022 and December 31, 2021 0 0
Additional paid-in capital 2,204,755 2,388,783
Retained earnings 39,244 15,523
Accumulated other comprehensive loss (442,424) (520,204)
Treasury stock at cost (73,766 shares held at December 31, 2022 and 48,220 shares held at December 31, 2021) (1,026,272) (744,174)
Total Laureate Education, Inc. stockholders' equity 776,226 1,140,843
Noncontrolling interests (1,869) (1,285)
Total stockholders' equity 774,357 1,139,558
Total liabilities and stockholders' equity 1,972,237 2,211,310
Common Stock    
Stockholders' equity:    
Common stock $ 923 $ 915