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Business and Geographic Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

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 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, 2020, 2019 and 2018:

									Mexico						Peru																								Corporate						Total
2020
Revenues									$	534,607					$	482,878																							$	7,432					$	1,024,917
Adjusted EBITDA									112,917						189,488																								(96,708)						205,697
Depreciation and amortization expense									29,032						26,962																								27,139						83,133
Loss on impairment of assets									989						—																								350,982						351,971
Total assets									1,278,198						623,294																								3,069,402						4,970,894
Expenditures for long-lived assets									13,377						18,505																								8,376						40,258
2019
Revenues									$	652,846					$	546,751																							$	12,473					$	1,212,070
Adjusted EBITDA									147,807						197,828																								(142,014)						203,621
Depreciation and amortization expense									31,132						27,703																								23,145						81,980
Loss on impairment of assets									—						—																								248						248
Total assets									1,315,377						643,473																								4,537,573						6,496,423
Expenditures for long-lived assets									30,239						23,837																								18,825						72,901
2018
Revenues									$	646,134					$	496,368																							$	2,072					$	1,144,574
Adjusted EBITDA									143,221						169,213																								(172,875)						139,559
Depreciation and amortization expense									31,007						27,615																								25,945						84,567
Loss on impairment of assets									—						—																								—						—
Expenditures for long-lived assets									31,376						28,847																								27,279						87,502

In order to reconcile to total consolidated assets as of December 31, 2020 and 2019 in the table above, assets held for sale related to Discontinued Operations of $1,917,435 and $3,799,126, respectively, are included in the Corporate amounts.

For the years ended December 31,			2020						2019						2018
Adjusted EBITDA of reportable segments:
Mexico			$	112,917					$	147,807					$	143,221
Peru			189,488						197,828						169,213
Total Adjusted EBITDA of reportable segments			302,405						345,635						312,434
Reconciling items:
Corporate			(96,708)						(142,014)						(172,875)
Depreciation and amortization expense			(83,133)						(81,980)						(84,567)
Loss on impairment of assets			(351,971)						(248)						—
Share-based compensation expense			(10,248)						(10,325)						(6,575)
EiP expenses			(89,647)						(75,048)						(75,209)
Operating loss			(329,302)						36,020						(26,792)
Interest income			2,169						3,294						2,814
Interest expense			(100,894)						(125,042)						(188,431)
Loss on debt extinguishment			(610)						(22,601)						(7,481)
(Loss) gain on derivatives			(25,980)						8,300						88,476
Other (expense) income, net			(2,420)						8,922						10,598
Foreign currency exchange gain (loss), net			13,474						(8,125)						695
Loss on disposals of subsidiaries, net			(7,276)						(20,429)						—
Loss from continuing operations before income taxes and equity in net income of affiliates			$	(450,839)					$	(119,661)					$	(120,121)

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,			2020						2019						2018
External Revenues(1)
Mexico			$	532,530					$	650,593					$	643,348
Peru			482,819						545,291						493,008
United States			9,509						15,189						7,720
Other foreign countries			59						997						498
Consolidated total			$	1,024,917					$	1,212,070					$	1,144,574

(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,			2020						2019
Long-lived assets
Mexico			$	229,613					$	232,380
Peru			323,020						354,100
United States			25,851						54,150
Consolidated total			$	578,484					$	640,630

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Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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