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Business and Geographic Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2017
Segment Reporting [Abstract] |
Schedule of segment financial information | The following tables provide financial information for our reportable segments, including a reconciliation of Adjusted EBITDA to Income (loss) from continuing operations before income taxes and equity in net income of affiliates, as reported in the Consolidated Statements of Operations, for the years ended December 31, 2017, 2016 and 2015:
| Brazil |  | Mexico |  | Andean & Iberian |  | Central America & U.S. Campuses |  | EMEAA |  | Online & Partnerships |  | Corporate |  | Total
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 765,746 |  |  | $ | 646,154 |  |  | $ | 1,313,872 |  |  | $ | 291,877 |  |  | $ | 697,244 |  |  | $ | 690,374 |  |  | $ | (27,278 | ) |  | $ | 4,377,989 |
Adjusted EBITDA | 134,205 |  |  | 147,171 |  |  | 360,135 |  |  | 48,298 |  |  | 125,083 |  |  | 204,543 |  |  | (187,695 | ) |  | 831,740 |
Depreciation and amortization expense | 35,715 |  |  | 27,990 |  |  | 81,644 |  |  | 15,723 |  |  | 51,558 |  |  | 35,440 |  |  | 16,672 |  |  | 264,742 |
Loss on impairment of assets | 3,320 |  |  | — |  |  | 2,530 |  |  | 17,499 |  |  | 15,977 |  |  | 257 |  |  | 1,014 |  |  | 40,597 |
Total assets | 1,256,364 |  |  | 969,400 |  |  | 2,117,317 |  |  | 376,070 |  |  | 1,022,569 |  |  | 1,294,147 |  |  | 355,856 |  |  | 7,391,723 |
Expenditures for long-lived assets | 50,244 |  |  | 38,615 |  |  | 80,435 |  |  | 35,997 |  |  | 40,758 |  |  | 23,730 |  |  | 24,001 |  |  | 293,780 |
2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 690,804 |  |  | $ | 626,011 |  |  | $ | 1,188,599 |  |  | $ | 274,860 |  |  | $ | 788,683 |  |  | $ | 704,976 |  |  | $ | (29,741 | ) |  | $ | 4,244,192 |
Adjusted EBITDA | 95,442 |  |  | 143,741 |  |  | 283,397 |  |  | 43,464 |  |  | 127,710 |  |  | 208,237 |  |  | (136,390 | ) |  | 765,601 |
Depreciation and amortization expense | 35,695 |  |  | 26,273 |  |  | 82,982 |  |  | 17,360 |  |  | 54,543 |  |  | 38,452 |  |  | 9,574 |  |  | 264,879 |
Loss on impairment of assets | — |  |  | — |  |  | — |  |  | — |  |  | 23,465 |  |  | — |  |  | — |  |  | 23,465 |
Total assets | 1,245,264 |  |  | 972,171 |  |  | 1,951,864 |  |  | 345,238 |  |  | 958,883 |  |  | 1,297,798 |  |  | 291,252 |  |  | 7,062,470 |
Expenditures for long-lived assets | 29,332 |  |  | 28,081 |  |  | 86,961 |  |  | 12,749 |  |  | 36,674 |  |  | 29,275 |  |  | 33,622 |  |  | 256,694 |
2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 672,917 |  |  | $ | 678,193 |  |  | $ | 1,121,408 |  |  | $ | 263,283 |  |  | $ | 881,664 |  |  | $ | 707,998 |  |  | $ | (33,804 | ) |  | $ | 4,291,659 |
Adjusted EBITDA | 81,322 |  |  | 150,136 |  |  | 255,115 |  |  | 31,637 |  |  | 109,574 |  |  | 191,019 |  |  | (115,395 | ) |  | 703,408 |
Depreciation and amortization expense | 34,261 |  |  | 35,156 |  |  | 80,556 |  |  | 22,935 |  |  | 65,069 |  |  | 37,161 |  |  | 7,808 |  |  | 282,946 |
Loss on impairment of assets | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total assets | 1,054,870 |  |  | 1,157,814 |  |  | 1,841,239 |  |  | 378,023 |  |  | 1,407,909 |  |  | 1,225,140 |  |  | 338,450 |  |  | 7,403,445 |
Expenditures for long-lived assets | 36,730 |  |  | 34,715 |  |  | 138,367 |  |  | 31,803 |  |  | 69,522 |  |  | 33,842 |  |  | 21,879 |  |  | 366,858 |
For the years ended December 31, | 2017 |  | 2016 |  | 2015
Adjusted EBITDA of reportable segments: |  |  |  |  |
Brazil | $ | 134,205 |  |  | $ | 95,442 |  |  | $ | 81,322 |
Mexico | 147,171 |  |  | 143,741 |  |  | 150,136 |
Andean & Iberian | 360,135 |  |  | 283,397 |  |  | 255,115 |
Central America & U.S. Campuses | 48,298 |  |  | 43,464 |  |  | 31,637 |
EMEAA | 125,083 |  |  | 127,710 |  |  | 109,574 |
Online & Partnerships | 204,543 |  |  | 208,237 |  |  | 191,019 |
Total Adjusted EBITDA of reportable segments | 1,019,435 |  |  | 901,991 |  |  | 818,803 |
Reconciling items: |  |  |  |  |  |
Corporate | (187,695 | ) |  | (136,390 | ) |  | (115,395 | )
Depreciation and amortization expense | (264,742 | ) |  | (264,879 | ) |  | (282,946 | )
Loss on impairment of assets | (40,597 | ) |  | (23,465 | ) |  | — |
Share-based compensation expense | (64,788 | ) |  | (38,809 | ) |  | (39,021 | )
EiP expenses | (104,826 | ) |  | (55,555 | ) |  | (44,484 | )
Operating income | 356,787 |  |  | 382,893 |  |  | 336,957 |
Interest income | 19,669 |  |  | 18,670 |  |  | 13,328 |
Interest expense | (362,904 | ) |  | (421,936 | ) |  | (398,042 | )
Loss on debt extinguishment | (8,392 | ) |  | (17,363 | ) |  | (1,263 | )
Gain (loss) on derivatives | 28,656 |  |  | (6,084 | ) |  | (2,607 | )
Other (expense) income, net | (2,193 | ) |  | 910 |  |  | 195 |
Foreign currency exchange gain (loss), net | 5,838 |  |  | 67,450 |  |  | (149,178 | )
(Loss) gain on sales of subsidiaries, net | (10,662 | ) |  | 406,557 |  |  | — |
Income (loss) from continuing operations before income taxes and equity in net income of affiliates | $ | 26,799 |  |  | $ | 431,097 |  |  | $ | (200,610 | )
Schedule of revenue from customers by geographical area | Revenues from customers by geographic area, primarily generated by students enrolled at institutions in those areas, were as follows:
For the years ended December 31, | 2017 |  | 2016 |  | 2015
External Revenues (1) |  |  |  |  |
Brazil | $ | 765,358 |  |  | $ | 690,377 |  |  | $ | 672,372 |
United States | 760,455 |  |  | 743,712 |  |  | 737,460 |
Mexico | 644,015 |  |  | 624,939 |  |  | 678,030 |
Chile | 617,258 |  |  | 564,631 |  |  | 536,542 |
Peru | 450,719 |  |  | 389,815 |  |  | 356,684 |
Spain | 191,806 |  |  | 197,970 |  |  | 200,284 |
Other foreign countries | 948,378 |  |  | 1,032,748 |  |  | 1,110,287 |
Consolidated total | $ | 4,377,989 |  |  | $ | 4,244,192 |  |  | $ | 4,291,659 |
(1) Excludes intercompany revenues and therefore does not agree to the table above
Schedule of long-lived assets by geographic areas | Long-lived assets are composed of Property and equipment, net. Laureate’s long-lived assets of continuing operations by geographic area were as follows:
December 31, | 2017 |  | 2016
Long-lived assets |  |  |
Chile | $ | 450,224 |  |  | $ | 432,499 |
Peru | 327,908 |  |  | 299,014 |
Brazil | 245,781 |  |  | 252,289 |
Mexico | 237,109 |  |  | 218,531 |
United States | 180,595 |  |  | 199,171 |
Spain | 179,627 |  |  | 163,740 |
China (1) | — |  |  | 125,697 |
Other foreign countries | 313,660 |  |  | 460,692 |
Consolidated total | $ | 1,934,904 |  |  | $ | 2,151,633 |
(1) As discussed in Note 3, Assets Held for Sale, in December 2017 we entered into an agreement to sell LEILY, the entity that is the beneficial owner of a 70% equity interest in Hunan Lie Ying Industry Co, Ltd., which in turn owns 100% of the sponsorship or equity interest in the Entities, a group of entities that includes HIEU. As a result, Long-lived assets of $128,797 have been included in Long-term assets held for sale.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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