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Business and Geographic Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

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 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, 2024, 2023 and 2022:

			Mexico						Peru						Corporate						Total
2024
Revenues			$	841,236					$	725,199					$	207					$	1,566,642
Depreciation and amortization expense			40,617						26,677						947						68,241
Total assets			1,143,053						567,310						151,697						1,862,060
Expenditures for long-lived assets			40,410						31,493						—						71,903
2023
Revenues			$	782,611					$	701,699					$	(22)					$	1,484,288
Depreciation and amortization expense			39,421						27,951						2,246						69,618
Loss on impairment of assets			1,620						—						1,453						3,073
Total assets			1,396,605						559,428						169,583						2,125,616
Expenditures for long-lived assets			37,411						18,980						66						56,457
2022
Revenues			$	613,942					$	624,238					$	4,091					$	1,242,271
Depreciation and amortization expense			31,369						23,953						3,810						59,132
Loss on impairment of assets			144						—						—						144
Expenditures for long-lived assets			36,045						16,777						246						53,068

For the years ended December 31,			2024						2023						2022
Adjusted EBITDA of reportable segments:
Mexico			$	206,496					$	176,954					$	123,368
Peru			283,375						286,850						266,660
Total Adjusted EBITDA of reportable segments			489,871						463,804						390,028
Reconciling items:
Corporate			(39,804)						(45,177)						(51,151)
Depreciation and amortization expense			(68,241)						(69,618)						(59,132)
Loss on impairment of assets			—						(3,073)						(144)
Share-based compensation expense			(7,843)						(7,114)						(8,776)
EiP expenses			—						—						(813)
Operating income			373,983						338,822						270,012
Interest income			8,058						9,085						7,567
Interest expense			(18,102)						(20,986)						(16,418)
Other income (expense), net			1,222						(325)						770
Foreign currency exchange gain (loss), net			50,658						(75,702)						(17,444)
(Loss) gain on disposals of subsidiaries, net			(1,304)						3,567						1,364
Loss on debt extinguishment			(31)						—						—
Income from continuing operations before income taxes and equity in net income of affiliates			$	414,484					$	254,461					$	245,851

The following table presents significant segment expenses of our reportable segments:

For the years ended December 31,			2024						2023						2022
Mexico
Revenues			$	841,236					$	782,611					$	613,942
Less:
Labor costs			303,468						291,037						241,153
Lease and other facilities costs			114,840						117,376						95,621
Advertising costs			51,064						44,444						34,175
Other costs (1)			165,368						152,800						119,625
Adjusted EBITDA			$	206,496					$	176,954					$	123,368
Peru
Revenues			$	725,199					$	701,699					$	624,238
Less:
Labor costs			255,388						249,972						217,687
Lease and other facilities costs			30,158						29,801						26,168
Advertising costs			37,248						30,884						27,456
Other costs (1)			119,030						104,192						86,267
Adjusted EBITDA			$	283,375					$	286,850					$	266,660

(1) Other costs for each reportable segment include: professional services expense, technology expense, bad debt and other direct costs.

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,			2024						2023						2022
External Revenues(2)
Mexico			$	841,236					$	782,046					$	613,623
Peru			725,175						701,443						624,167
United States			231						799						4,481
Consolidated total			$	1,566,642					$	1,484,288					$	1,242,271

(2) 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 by geographic area were as follows:

December 31,			2024						2023
Long-lived assets
Mexico			$	213,381					$	260,053
Peru			300,307						300,655
United States			564						1,518
Consolidated total			$	514,252					$	562,226

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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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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.

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