Laureate Education Inc. (LAUR) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
PMB 1158, 1000 BRICKELL AVE., SUITE 715 MIAMI, FL 33131 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 82 - Educational Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 89 | 85 | 325 | 750 | 340 | 388 | |||
| Cash and cash equivalents | 89 | 85 | 325 | 750 | 340 | 388 | |||
| Restricted cash and investments | 9 | 21 | 117 | 187 | 201 | ||||
| Receivables | 107 | 113 | 182 | 126 | 260 | 249 | |||
| Prepaid expense | 19 | 19 | 16 | 15 | 50 | 53 | |||
| Disposal group, including discontinued operation | 1 | 435 | 84 | 306 | |||||
| Other current assets | 519 | 522 | |||||||
| Other undisclosed current assets | 8 | (497) | (504) | ||||||
| Total current assets: | 224 | 226 | 544 | 1,444 | 943 | 1,217 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 40 | ✕ | |||||||
| Operating lease, right-of-use asset | 372 | 390 | 384 | 463 | 862 | ✕ | |||
| Property, plant and equipment | 530 | 488 | 459 | 578 | 1,278 | 1,279 | |||
| Long-term investments and receivables | 1 | 10 | 2 | ||||||
| Accounts and financing receivable, after allowance for credit loss | 1 | 10 | 2 | ||||||
| Intangible assets, net (including goodwill) | 661 | 583 | 690 | 575 | 1,701 | 2,859 | |||
| Goodwill | 661 | 583 | 547 | 575 | 1,701 | 1,707 | |||
| Intangible assets, net (excluding goodwill) | 143 | 1,152 | |||||||
| Derivative instruments and hedges | 3 | ||||||||
| Disposal group, including discontinued operation, noncurrent assets | 15 | 6 | 1,482 | 306 | 1,031 | ||||
| Deferred costs | 5 | 5 | 6 | 18 | 70 | 67 | |||
| Deferred income tax assets | 71 | 52 | 39 | 131 | 125 | ✕ | |||
| Other noncurrent assets | 45 | 41 | 43 | 52 | 176 | 173 | |||
| Other undisclosed noncurrent assets | 202 | 187 | 1 | 227 | 1,043 | 138 | |||
| Total noncurrent assets: | 1,901 | 1,746 | 1,667 | 3,527 | 5,573 | 5,553 | |||
| TOTAL ASSETS: | 2,126 | 1,972 | 2,211 | 4,971 | 6,516 | 6,770 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 113 | 93 | 222 | 231 | 542 | 512 | |||
| Taxes payable | ✕ | ✕ | ✕ | 39 | 30 | 26 | 21 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 90 | 64 | 182 | 196 | ||
| Accounts payable | 43 | 43 | 27 | 41 | 120 | 67 | |||
| Accrued liabilities | 69 | 51 | 66 | 96 | 215 | 228 | |||
| Deferred revenue | 69 | 51 | 44 | 47 | 217 | ✕ | |||
| Debt | 53 | 56 | 49 | 96 | 119 | 102 | |||
| Derivative instruments and hedges, liabilities | 18 | 4 | |||||||
| Disposal group, including discontinued operation | 1 | 1 | 354 | 64 | 308 | ||||
| Other liabilities | 23 | 18 | 18 | 15 | 26 | 47 | |||
| Due to related parties | ✕ | ✕ | 12 | 24 | |||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 193 | ||
| Other undisclosed current liabilities | 194 | 163 | 38 | 45 | 92 | ||||
| Total current liabilities: | 453 | 381 | 372 | 805 | 1,071 | 1,190 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 112 | 176 | 105 | 900 | 1,260 | 2,594 | |||
| Long-term debt, excluding current maturities | 1,260 | 2,594 | |||||||
| Finance lease, liability | 51 | 42 | 40 | 47 | 53 | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 61 | 134 | (312) | 378 | (846) | ||||
| Liabilities, other than long-term debt | 611 | 639 | 216 | 526 | 576 | 703 | |||
| Accounts payable and accrued liabilities | 140 | 131 | 96 | 36 | 62 | 93 | |||
| Deferred compensation liability, classified | 10 | 10 | 12 | 13 | 13 | 13 | |||
| Deferred income tax liabilities | 56 | 90 | 74 | 86 | 218 | ✕ | |||
| Due to related parties | ✕ | ✕ | 10 | 22 | |||||
| Disposal group, including discontinued operation, liabilities | 10 | 10 | 349 | 125 | 354 | ||||
| Other liabilities | 34 | 31 | 25 | 34 | 147 | 214 | |||
| Operating lease, liability | 360 | 377 | 377 | 475 | 792 | ✕ | |||
| Derivative instruments and hedges, liabilities | 8 | 7 | |||||||
| Other undisclosed noncurrent liabilities | 377 | 475 | (125) | (137) | |||||
| Total noncurrent liabilities: | 723 | 815 | 698 | 1,901 | 1,711 | 3,160 | |||
| Other undisclosed liabilities | 917 | 354 | |||||||
| Total liabilities: | 1,176 | 1,196 | 1,070 | 2,705 | 3,699 | 4,704 | |||
| Temporary equity, carrying amount | 1 | 1 | 2 | 2 | 12 | ||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 950 | 776 | 1,141 | 2,277 | 2,817 | 2,061 | |||
| Common stock | 1 | ||||||||
| Treasury stock, value | (1,026) | (744) | (365) | (271) | |||||
| Additional paid in capital | 1,180 | 2,205 | 2,389 | 3,760 | 3,725 | 3,704 | |||
| Accumulated other comprehensive loss | (272) | (442) | (520) | (942) | (1,074) | (1,113) | |||
| Retained earnings (accumulated deficit) | 42 | 39 | 16 | (177) | 437 | (531) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | 1 | 1 | 1 | ||||
| Equity, attributable to noncontrolling interest | (2) | (2) | (1) | (13) | (13) | (10) | |||
| Total equity: | 948 | 774 | 1,140 | 2,264 | 2,804 | 2,051 | |||
| Other undisclosed liabilities and equity | 14 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 2,126 | 1,972 | 2,211 | 4,971 | 6,516 | 6,770 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,484 | 1,242 | 1,087 | 1,025 | 3,250 | 3,350 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,090) | (907) | (814) | (802) | (2,672) | (2,747) | ||
| Gross profit: | 395 | 335 | 272 | 222 | 579 | 603 | ||
| Operating expenses | (53) | (65) | (278) | (990) | (296) | (299) | ||
| Other undisclosed operating income (loss) | (3) | 1 | 438 | 43 | (13) | |||
| Operating income (loss): | 339 | 270 | (5) | (329) | 326 | 291 | ||
| Nonoperating income (expense) | (63) | (8) | (9) | (20) | (36) | 80 | ||
| Investment income, nonoperating | 13 | 9 | (21) | (31) | (18) | 100 | ||
| Gain (loss), foreign currency transaction, before tax | (76) | (17) | 14 | 13 | (27) | (32) | ||
| Other nonoperating income (expense) | (0) | 1 | (2) | (2) | 9 | 12 | ||
| Interest and debt expense | (21) | (16) | (124) | (102) | (196) | (243) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 254 | 246 | (138) | (451) | 94 | 128 | ||
| Income (loss) from equity method investments | 0 | 0 | 0 | 0 | (0) | |||
| Income (loss) from continuing operations before income taxes: | 255 | 246 | (138) | (451) | 95 | 128 | ||
| Income tax expense (benefit) | (138) | (185) | (146) | 130 | (81) | (133) | ||
| Income (loss) from continuing operations: | 117 | 61 | (283) | (321) | 14 | (5) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (517) | (206) | 14 | (5) | |
| Income (loss) from discontinued operations | (234) | 114 | ||||||
| Other undisclosed net income (loss) | (10) | 8 | 721 | (412) | 924 | 376 | ||
| Net income (loss): | 107 | 69 | 204 | (619) | 938 | 371 | ||
| Net income (loss) attributable to noncontrolling interest | 0 | 1 | (11) | 5 | 1 | (1) | ||
| Net income (loss) attributable to parent: | 108 | 70 | 192 | (613) | 938 | 370 | ||
| Preferred stock dividends and other adjustments | (0) | 0 | (0) | (63) | ||||
| Other undisclosed net income available to common stockholders, basic | 74 | |||||||
| Net income (loss) available to common stockholders, diluted: | 108 | 70 | 192 | (613) | 938 | 381 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 107 | 69 | 204 | (619) | 938 | 371 | ||
| Other comprehensive income (loss) | 170 | 78 | 422 | 133 | 39 | (187) | ||
| Comprehensive income (loss): | 278 | 147 | 626 | (486) | 976 | 184 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | 1 | (11) | 5 | 1 | (1) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 278 | 147 | 614 | (481) | 977 | 183 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.