XML 21 R6.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 135,348 $ 91,350
Restricted cash 6,725 6,504
Receivables:    
Accounts and notes receivable 245,268 189,124
Other receivables 8,272 3,190
Allowance for doubtful accounts (107,639) (100,527)
Receivables, net 145,901 91,787
Income tax receivable 3,619 7,086
Prepaid expenses and other current assets 30,412 30,020
Current assets held for sale 1,464 564
Total current assets 323,469 227,311
Property and equipment:    
Land 134,464 127,413
Buildings 365,045 347,522
Furniture, equipment and software 552,489 504,648
Leasehold improvements 145,919 125,690
Construction in-progress 24,602 27,997
Accumulated depreciation and amortization (675,646) (619,018)
Property and equipment, net 546,873 514,252
Operating lease right-of-use assets, net 281,210 292,387
Goodwill 602,163 563,404
Tradenames, net 157,172 147,911
Deferred costs, net 4,756 4,732
Deferred income taxes 67,537 60,823
Other assets 42,522 40,830
Long-term assets held for sale 10,203 10,410
Total assets 2,035,905 1,862,060
Current liabilities:    
Accounts payable 43,068 35,340
Accrued expenses 66,700 60,972
Accrued compensation and benefits 91,337 91,311
Deferred revenue and student deposits 84,290 64,340
Current portion of operating leases 57,800 48,170
Current portion of long-term debt and finance leases 36,399 41,260
Income taxes payable 16,499 2,371
Other current liabilities 35,447 22,941
Current liabilities held for sale 1,553 1,190
Total current liabilities 433,093 367,895
Long-term operating leases, less current portion 276,631 278,957
Long-term debt and finance leases, less current portion 78,147 59,027
Deferred compensation 8,530 8,269
Income taxes payable 130,807 136,473
Deferred income taxes 14,138 12,433
Other long-term liabilities 32,807 31,984
Long-term liabilities held for sale 9,003 8,479
Total liabilities 983,156 903,517
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 June 30, 2025 and December 31, 2024 0 0
Common stock, par value $0.004 per share – 700,000 shares authorized, 147,363 shares issued and outstanding as of June 30, 2025 and 150,794 shares issued and outstanding as of December 31, 2024 590 604
Additional paid-in capital 1,106,926 1,129,511
Retained earnings 323,466 291,644
Accumulated other comprehensive loss (379,510) (462,210)
Total Laureate Education, Inc. stockholders' equity 1,051,472 959,549
Noncontrolling interests (121) (2,404)
Total stockholders' equity 1,051,351 957,145
Total liabilities and stockholders' equity $ 2,035,905 $ 1,862,060