Business and Geographic Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

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 (loss) 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, 2022, 2021 and 2020:

	Mexico		Peru		Corporate		Total
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
Total assets	1,220,630		536,141		215,466		1,972,237
Expenditures for long-lived assets	36,045		16,777		246		53,068
2021
Revenues	$	540,429	$	537,056	$	9,216	$	1,086,701
Depreciation and amortization expense	29,461		24,196		47,574		101,231
Loss on impairment of assets	9,319		—		63,169		72,488
Total assets	1,251,791		598,862		360,657		2,211,310
Expenditures for long-lived assets	23,121		19,029		2,895		45,045
2020
Revenues	$	534,607	$	482,878	$	7,432	$	1,024,917
Depreciation and amortization expense	29,032		26,962		27,139		83,133
Loss on impairment of assets	989		—		350,982		351,971
Expenditures for long-lived assets	13,377		18,505		8,376		40,258

In order to reconcile to total consolidated assets as of December 31, 2022 and 2021 in the table above, assets held for sale related to Discontinued Operations of $0 and $6,164, respectively, are included in the Corporate amounts.

For the years ended December 31,	2022		2021		2020
Adjusted EBITDA of reportable segments:
Mexico	$	123,368	$	95,812	$	112,917
Peru	266,660		245,677		189,488
Total Adjusted EBITDA of reportable segments	390,028		341,489		302,405
Reconciling items:
Corporate	(51,151)		(88,102)		(96,708)
Depreciation and amortization expense	(59,132)		(101,231)		(83,133)
Loss on impairment of assets	(144)		(72,488)		(351,971)
Share-based compensation expense	(8,776)		(8,895)		(10,248)
EiP expenses	(813)		(75,420)		(89,647)
Operating income (loss)	270,012		(4,647)		(329,302)
Interest income	7,567		4,378		2,169
Interest expense	(16,418)		(46,275)		(100,894)
Loss on debt extinguishment	—		(77,940)		(610)
Loss on derivatives, net	—		(24,517)		(25,980)
Other income (expense), net	770		(1,695)		(2,420)
Foreign currency exchange (loss) gain, net	(17,444)		13,791		13,474
Gain (loss) on disposals of subsidiaries, net	1,364		(602)		(7,276)
Income (loss) from continuing operations before income taxes and equity in net income of affiliates	$	245,851	$	(137,507)	$	(450,839)

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,	2022		2021		2020
External Revenues(1)
Mexico	$	613,623	$	539,549	$	532,530
Peru	624,167		537,056		482,819
United States	4,481		10,096		9,509
Other foreign countries	—		—		59
Consolidated total	$	1,242,271	$	1,086,701	$	1,024,917

(1) 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,	2022		2021
Long-lived assets
Mexico	$	225,346	$	206,745
Peru	289,482		281,057
United States	8,579		11,715
Consolidated total	$	523,407	$	499,517