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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 109,776 $ 91,350
Restricted cash 7,132 6,504
Receivables:    
Accounts and notes receivable 141,197 189,124
Other receivables 5,482 3,190
Allowance for doubtful accounts (99,287) (100,527)
Receivables, net 47,392 91,787
Income tax receivable 23,406 7,086
Prepaid expenses and other current assets 39,325 30,020
Current assets held for sale 1,022 564
Total current assets 228,053 227,311
Property and equipment:    
Land 130,416 127,413
Buildings 353,340 347,522
Furniture, equipment and software 511,660 504,648
Leasehold improvements 128,233 125,690
Construction in-progress 29,456 27,997
Accumulated depreciation and amortization (631,078) (619,018)
Property and equipment, net 522,027 514,252
Operating lease right-of-use assets, net 282,109 292,387
Goodwill 565,739 563,404
Tradenames, net 148,941 147,911
Deferred costs, net 4,802 4,732
Deferred income taxes 56,616 60,823
Other assets 40,319 40,830
Long-term assets held for sale 9,599 10,410
Total assets 1,858,205 1,862,060
Current liabilities:    
Accounts payable 46,973 35,340
Accrued expenses 62,428 60,972
Accrued compensation and benefits 72,061 91,311
Deferred revenue and student deposits 112,480 64,340
Current portion of operating leases 50,983 48,170
Current portion of long-term debt and finance leases 21,906 41,260
Income taxes payable 453 2,371
Other current liabilities 27,299 22,941
Current liabilities held for sale 1,076 1,190
Total current liabilities 395,659 367,895
Long-term operating leases, less current portion 270,272 278,957
Long-term debt and finance leases, less current portion 90,988 59,027
Deferred compensation 8,399 8,269
Income taxes payable 133,715 136,473
Deferred income taxes 13,071 12,433
Other long-term liabilities 30,212 31,984
Long-term liabilities held for sale 8,456 8,479
Total liabilities 950,772 903,517
Redeemable 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 March 31, 2025 and December 31, 2024 0 0
Common stock, par value $0.004 per share – 700,000 shares authorized, 148,810 shares issued and outstanding as of March 31, 2025 and 150,794 shares issued and outstanding as of December 31, 2024 596 604
Additional paid-in capital 1,114,504 1,129,511
Retained earnings 246,273 291,644
Accumulated other comprehensive loss (452,874) (462,210)
Total Laureate Education, Inc. stockholders' equity 908,499 959,549
Noncontrolling interests (2,464) (2,404)
Total stockholders' equity 906,035 957,145
Total liabilities and stockholders' equity $ 1,858,205 $ 1,862,060