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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 134,409 $ 89,392
Restricted cash 6,306 7,505
Receivables:    
Accounts and notes receivable 178,097 173,571
Other receivables 4,180 3,509
Allowance for doubtful accounts (91,046) (84,967)
Receivables, net 91,231 92,113
Income tax receivable 3,215 15,224
Prepaid expenses and other current assets 25,308 19,284
Current assets held for sale 566 889
Total current assets 261,035 224,407
Property and equipment:    
Land 127,427 129,229
Buildings 348,872 377,954
Furniture, equipment and software 508,376 556,134
Leasehold improvements 126,663 137,171
Construction in-progress 19,384 22,673
Accumulated depreciation and amortization (622,254) (660,935)
Property and equipment, net 508,468 562,226
Operating lease right-of-use assets, net 302,272 371,611
Goodwill 578,721 661,482
Tradenames, net 150,942 169,183
Deferred costs, net 4,813 4,981
Deferred income taxes 63,256 71,426
Other assets 41,619 44,896
Long-term assets held for sale 16,033 15,404
Total assets 1,927,159 2,125,616
Current liabilities:    
Accounts payable 44,198 43,239
Accrued expenses 68,068 69,464
Accrued compensation and benefits 91,921 96,652
Deferred revenue and student deposits 86,843 69,351
Current portion of operating leases 51,148 57,514
Current portion of long-term debt and finance leases 22,955 52,828
Income taxes payable 12,129 40,204
Other current liabilities 33,509 22,714
Current liabilities held for sale 1,172 1,248
Total current liabilities 411,943 453,214
Long-term operating leases, less current portion 296,120 360,120
Long-term debt and finance leases, less current portion 129,839 112,241
Deferred compensation 8,385 9,511
Income taxes payable 132,267 140,492
Deferred income taxes 11,959 56,490
Other long-term liabilities 31,144 34,151
Long-term liabilities held for sale 8,779 10,259
Total liabilities 1,030,436 1,176,478
Redeemable equity 1,398 1,398
Stockholders' equity:    
Common stock, par value $0.004 per share – 700,000 shares authorized, 150,685 shares issued and outstanding as of September 30, 2024 and 157,586 shares issued and outstanding as of December 31, 2023 603 630
Additional paid-in capital 1,130,749 1,179,721
Retained earnings 199,212 41,862
Accumulated other comprehensive loss (432,898) (272,144)
Total Laureate Education, Inc. stockholders' equity 897,666 950,069
Noncontrolling interests (2,341) (2,329)
Total stockholders' equity 895,325 947,740
Total liabilities and stockholders' equity $ 1,927,159 $ 2,125,616