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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 91,350 $ 89,392
Restricted cash 6,504 7,505
Receivables:    
Accounts and notes receivable 189,124 173,571
Other receivables 3,190 3,509
Allowance for doubtful accounts (100,527) (84,967)
Receivables, net 91,787 92,113
Income tax receivable 7,086 15,224
Prepaid expenses and other current assets 30,020 19,284
Current assets held for sale 564 889
Total current assets 227,311 224,407
Property and equipment:    
Land 127,413 129,229
Buildings 347,522 377,954
Furniture, equipment and software 504,648 556,134
Leasehold improvements 125,690 137,171
Construction in-progress 27,997 22,673
Accumulated depreciation and amortization (619,018) (660,935)
Property and equipment, net 514,252 562,226
Operating lease right-of-use assets, net 292,387 371,611
Goodwill 563,404 661,482
Tradenames, net 147,911 169,183
Deferred costs, net 4,732 4,981
Deferred income taxes 60,823 71,426
Other assets 40,830 44,896
Long-term assets held for sale 10,410 15,404
Total assets 1,862,060 2,125,616
Current liabilities:    
Accounts payable 35,340 43,239
Accrued expenses 60,972 69,464
Accrued compensation and benefits 91,311 96,652
Deferred revenue and student deposits 64,340 69,351
Current portion of operating leases 48,170 57,514
Current portion of long-term debt and finance leases 41,260 52,828
Income taxes payable 2,371 40,204
Other current liabilities 22,941 22,714
Current liabilities held for sale 1,190 1,248
Total current liabilities 367,895 453,214
Long-term operating leases, less current portion 278,957 360,120
Long-term debt and finance leases, less current portion 59,027 112,241
Deferred compensation 8,269 9,511
Income taxes payable 136,473 140,492
Deferred income taxes 12,433 56,490
Other long-term liabilities 31,984 34,151
Long-term liabilities held for sale 8,479 10,259
Total liabilities 903,517 1,176,478
Redeemable noncontrolling interests and equity 1,398 1,398
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 50,000 shares authorized and no shares issued and outstanding as of December 31, 2024 and December 31, 2023 0 0
Common stock, par value $0.004 per share – 700,000 shares authorized, 150,794 shares issued and outstanding as of December 31, 2024 and 157,586 shares issued and outstanding as of December 31, 2023 604 630
Additional paid-in capital 1,129,511 1,179,721
Retained earnings 291,644 41,862
Accumulated other comprehensive loss (462,210) (272,144)
Total Laureate Education, Inc. stockholders' equity 959,549 950,069
Noncontrolling interests (2,404) (2,329)
Total stockholders' equity 957,145 947,740
Total liabilities and stockholders' equity $ 1,862,060 $ 2,125,616