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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 89,392 $ 85,167
Restricted cash 7,505 8,617
Receivables:    
Accounts and notes receivable 173,571 133,105
Other receivables 3,509 9,486
Allowance for doubtful accounts (84,967) (61,882)
Receivables, net 92,113 80,709
Income tax receivable 15,224 32,261
Prepaid expenses and other current assets 19,284 19,445
Current assets held for sale 889 0
Total current assets 224,407 226,199
Property and equipment:    
Land 129,229 127,154
Buildings 377,954 348,931
Furniture, equipment and software 556,134 494,004
Leasehold improvements 137,171 117,820
Construction in-progress 22,673 11,871
Accumulated depreciation and amortization (660,935) (576,373)
Property and equipment, net 562,226 523,407
Operating lease right-of-use assets, net 371,611 389,565
Goodwill 661,482 583,493
Tradenames, net 169,183 151,645
Deferred costs, net 4,981 5,310
Deferred income taxes 71,426 51,941
Other assets 44,896 40,677
Long-term assets held for sale 15,404 0
Total assets 2,125,616 1,972,237
Current liabilities:    
Accounts payable 43,239 42,842
Accrued expenses 69,464 50,563
Accrued compensation and benefits 96,652 85,215
Deferred revenue and student deposits 69,351 51,264
Current portion of operating leases 57,514 38,994
Current portion of long-term debt and finance leases 52,828 56,184
Income taxes payable 40,204 38,738
Other current liabilities 22,714 17,587
Current liabilities held for sale 1,248 0
Total current liabilities 453,214 381,387
Long-term operating leases, less current portion 360,120 376,898
Long-term debt and finance leases, less current portion 112,241 175,929
Deferred compensation 9,511 10,379
Income taxes payable 140,492 131,301
Deferred income taxes 56,490 89,765
Other long-term liabilities 34,151 30,823
Long-term liabilities held for sale 10,259 0
Total liabilities 1,176,478 1,196,482
Redeemable noncontrolling interests and equity 1,398 1,398
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 50,000 shares authorized and no shares issued and outstanding as of December 31, 2023 and December 31, 2022 0 0
Common stock, par value $0.004 per share – 700,000 shares authorized, 157,586 shares issued and outstanding as of December 31, 2023 and 230,779 shares issued and 157,013 shares outstanding as of December 31, 2022 630 923
Additional paid-in capital 1,179,721 2,204,755
Retained earnings 41,862 39,244
Accumulated other comprehensive loss (272,144) (442,424)
Treasury stock at cost (0 shares held at December 31, 2023 and 73,766 shares held at December 31, 2022) 0 (1,026,272)
Total Laureate Education, Inc. stockholders' equity 950,069 776,226
Noncontrolling interests (2,329) (1,869)
Total stockholders' equity 947,740 774,357
Total liabilities and stockholders' equity $ 2,125,616 $ 1,972,237