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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 750,147 $ 61,576
Restricted cash 117,151 36,241
Receivables:    
Accounts and notes receivable 138,738 123,132
Other receivables 49,835 12,394
Allowance for doubtful accounts (76,694) (60,465)
Receivables, net 111,879 75,061
Income tax receivable 14,564 6,833
Prepaid expenses and other current assets 15,079 29,811
Current assets held for sale 434,966 706,544
Total current assets 1,443,786 916,066
Notes receivable, net 1,321 353
Property and equipment:    
Land 126,228 135,813
Buildings 351,480 351,232
Furniture, equipment and software 494,079 494,713
Leasehold improvements 121,683 124,429
Construction in-progress 7,254 33,719
Accumulated depreciation and amortization (522,240) (499,276)
Property and equipment, net 578,484 640,630
Operating lease right-of-use assets, net 462,767 521,764
Land use rights, net 1,548 1,628
Goodwill 574,832 606,483
Tradenames, net 225,573 562,137
Deferred costs, net 17,623 24,704
Deferred income taxes 130,567 49,422
Other assets 51,924 72,251
Long-term assets held for sale 1,482,469 3,100,985
Total assets 4,970,894 6,496,423
Current liabilities:    
Accounts payable 41,073 63,427
Accrued expenses 95,743 103,591
Accrued compensation and benefits 64,089 100,688
Deferred revenue and student deposits 47,180 54,849
Current portion of operating leases 44,631 42,039
Current portion of long-term debt and finance leases 95,818 48,139
Current portion of due to shareholders of acquired companies 0 1,109
Income taxes payable 29,682 14,737
Derivative instruments 17,680 0
Other current liabilities 15,109 14,050
Current liabilities held for sale 353,550 602,426
Total current liabilities 804,555 1,045,055
Long-term operating leases, less current portion 474,507 516,979
Long-term debt and finance leases, less current portion 899,898 1,103,302
Deferred compensation 13,425 12,744
Income taxes payable 36,078 47,767
Deferred income taxes 86,368 170,363
Derivative instruments 8,144 0
Other long-term liabilities 33,555 31,300
Long-term liabilities held for sale 348,706 752,467
Total liabilities 2,705,236 3,679,977
Redeemable noncontrolling interests and equity 1,724 12,295
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 49,889 shares authorized as of December 31, 2020 and December 31, 2019 respectively, no shares issued and outstanding as of December 31, 2020 and December 31, 2019 0 0
Additional paid-in capital 3,760,029 3,724,636
(Accumulated deficit) retained earnings (176,822) 436,509
Accumulated other comprehensive loss (941,986) (1,073,981)
Treasury stock at cost (22,043 shares held at December 31, 2020 and 16,008 shares held at December 31, 2019) (365,316) (271,106)
Total stockholders' equity attributable to Laureate Education, Inc. 2,276,816 2,816,963
Noncontrolling interests (12,882) (12,812)
Total stockholders' equity 2,263,934 2,804,151
Total liabilities and stockholders' equity 4,970,894 6,496,423
Class A Common Stock    
Stockholders' equity:    
Common stock 548 542
Class B Common Stock    
Stockholders' equity:    
Common stock $ 363 $ 363