Laureate Education, Inc. (LAUR) financial statements (2021 and earlier)

Company profile

Business Address 650 S. EXETER STREET
State of Incorp. DE
Fiscal Year End December 31
SIC 82 - Educational Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

Current Assets
Cash, cash equivalents, and short-term investments340388469
Cash and cash equivalents340388469
Restricted cash and investments187201225
Prepaid expense505393
Disposal group, including discontinued operation84306103
Other current assets519522717
Other undisclosed current assets(497)(504)(676)
Total current assets:9431,2171,289
Noncurrent Assets
Operating lease, right-of-use asset862
Property, plant and equipment1,2781,2791,935
Long-term investments and receivables1024
Accounts and financing receivable, after allowance for credit loss1024
Intangible assets, net (including goodwill)1,7012,8593,286
Intangible assets, net (excluding goodwill) 1,1521,332
Derivative instruments and hedges 348
Disposal group, including discontinued operation, noncurrent assets3061,031392
Deferred costs706764
Deferred income tax assets125
Other noncurrent assets176173214
Other undisclosed noncurrent assets1,043138159
Total noncurrent assets:5,5735,5536,103
TOTAL ASSETS:6,5166,7707,392
Current Liabilities
Accounts payable and accrued liabilities542512648
Accounts payable1206780
Accrued liabilities215228291
Employee-related liabilities182196248
Taxes payable262130
Deferred revenue217
Derivative instruments and hedges, liabilities 44
Due to related parties122440
Disposal group, including discontinued operation64308177
Deferred revenue and credits312
Contract with customer, liability193
Other liabilities264739
Other undisclosed current liabilities92  
Total current liabilities:1,0711,1901,375
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,2602,5943,207
Long-term debt, excluding current maturities1,2602,5943,207
Finance lease, liability53
Operating lease, liability792
Other undisclosed long-term debt and lease obligation(846)  
Liabilities, other than long-term debt576703530
Accounts payable and accrued liabilities6293113
Deferred compensation liability, classified131314
Deferred income tax liabilities218
Due to related parties102239
Disposal group, including discontinued operation, liabilities12535494
Other liabilities147214260
Derivative instruments and hedges, liabilities 79
Other undisclosed noncurrent liabilities(125)(137)184
Total noncurrent liabilities:1,7113,1603,921
Other undisclosed liabilities91735494
Total liabilities:3,6994,7045,390
Temporary equity, carrying amount12  
Stockholders' equity
Stockholders' equity attributable to parent, including:2,8172,0611,575
Treasury stock, value(271)  
Additional paid in capital3,7253,7043,446
Accumulated other comprehensive loss(1,074)(1,113)(926)
Retained earnings (accumulated deficit)437(531)(946)
Other undisclosed stockholders' equity attributable to parent111
Stockholders' equity attributable to noncontrolling interest(13)(10)12
Total stockholders' equity:2,8042,0511,587
Other undisclosed liabilities and equity 14414

Income statement (P&L) ($ in millions)

Revenue, net(930)
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit:579603713
Operating expenses(296)(299)(356)
Other undisclosed operating income (loss)43(13) 
Operating income:326291357
Nonoperating income (expense)(36)8041
Investment income, nonoperating(18)10038
Foreign currency transaction gain (loss), before tax(27)(32)6
Other nonoperating income (expense)912(2)
Interest and debt expense(196)(243)(371)
Income from continuing operations before equity method investments, income taxes:9412827
Income (loss) from equity method investments0(0)0
Income from continuing operations before income taxes:9512827
Income tax expense (benefit)(81)(133)67
Income (loss) before gain (loss) on sale of properties:14(5)94
Other undisclosed net income924376 
Net income:93837194
Net income (loss) attributable to noncontrolling interest1(1)(2)
Net income attributable to parent:93837091
Preferred stock dividends and other adjustments(0)(63)(298)
Other undisclosed net income available to common stockholders, basic 74 
Net income (loss) available to common stockholders, diluted:938381(207)

Comprehensive Income ($ in millions)

Net income:93837194
Other comprehensive income (loss)39(187)130
Comprehensive income:976184224
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(1)(5)
Comprehensive income, net of tax, attributable to parent:977183219

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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