Laureate Education, Inc. (LAUR) Financial Statements (2024 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)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments85325750340388469
Cash and cash equivalents85325750340388469
Restricted cash and investments 921117187201225
Receivables113182126260249358
Prepaid expense191615505393
Disposal group, including discontinued operation  43584306103
Other current assets    519522717
Other undisclosed current assets   (497)(504)(676)
Total current assets:2265441,4449431,2171,289
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  40  
Operating lease, right-of-use asset390384463862
Property, plant and equipment4884595781,2781,2791,935
Long-term investments and receivables   11024
Accounts and financing receivable, after allowance for credit loss   11024
Intangible assets, net (including goodwill)5836905751,7012,8593,286
Goodwill5835475751,7011,7071,955
Intangible assets, net (excluding goodwill)  143  1,1521,332
Derivative instruments and hedges     348
Disposal group, including discontinued operation, noncurrent assets 61,4823061,031392
Deferred costs5618706764
Deferred income tax assets5239131125
Other noncurrent assets414352176173214
Other undisclosed noncurrent assets18712271,043138159
Total noncurrent assets:1,7461,6673,5275,5735,5536,103
TOTAL ASSETS:1,9722,2114,9716,5166,7707,392
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities93222231542512648
Taxes payable3930262130
Employee-related liabilities9064182196248
Accounts payable4327411206780
Accrued liabilities516696215228291
Deferred revenue514447217
Debt564996119102154
Derivative instruments and hedges, liabilities   18 44
Disposal group, including discontinued operation 135464308177
Other liabilities181815264739
Deferred revenue and credits312
Due to related parties   122440
Contract with customer, liability193
Other undisclosed current liabilities163384592  
Total current liabilities:3813728051,0711,1901,375
Noncurrent Liabilities
Long-term debt and lease obligation, including:1761059001,2602,5943,207
Long-term debt, excluding current maturities    1,2602,5943,207
Finance lease, liability42404753
Other undisclosed long-term debt and lease obligation134(312)378(846)  
Liabilities, other than long-term debt639216526576703530
Accounts payable and accrued liabilities13196366293113
Deferred compensation liability, classified101213131314
Deferred income tax liabilities907486218
Due to related parties   102239
Disposal group, including discontinued operation, liabilities 1034912535494
Other liabilities312534147214260
Operating lease, liability377377475792
Derivative instruments and hedges, liabilities   8 79
Other undisclosed noncurrent liabilities  377475(125)(137)184
Total noncurrent liabilities:8156981,9011,7113,1603,921
Other undisclosed liabilities    91735494
Total liabilities:1,1961,0702,7053,6994,7045,390
Temporary equity, carrying amount12212  
Equity
Equity, attributable to parent, including:7761,1412,2772,8172,0611,575
Common stock      
Treasury stock, value (1,026)(744)(365)(271)  
Additional paid in capital2,2052,3893,7603,7253,7043,446
Accumulated other comprehensive loss(442)(520)(942)(1,074)(1,113)(926)
Retained earnings (accumulated deficit)3916(177)437(531)(946)
Other undisclosed equity, attributable to parent 111111
Equity, attributable to noncontrolling interest(2)(1)(13)(13)(10)12
Total equity:7741,1402,2642,8042,0511,587
Other undisclosed liabilities and equity     14414
TOTAL LIABILITIES AND EQUITY:1,9722,2114,9716,5166,7707,392

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,2421,0871,0253,2503,3504,378
Revenue, net(930)
Cost of revenue
(Cost of Goods and Services Sold)
(907)(814)(802)(2,672)(2,747)(3,665)
Gross profit:335272222579603713
Operating expenses(65)(278)(990)(296)(299)(356)
Other undisclosed operating income (loss) 143843(13) 
Operating income (loss):270(5)(329)326291357
Nonoperating income (expense)(8)(9)(20)(36)8041
Investment income, nonoperating9(21)(31)(18)10038
Gain (loss), foreign currency transaction, before tax(17)1413(27)(32)6
Other nonoperating income (expense)1(2)(2)912(2)
Interest and debt expense(16)(124)(102)(196)(243)(371)
Income (loss) from continuing operations before equity method investments, income taxes:246(138)(451)9412827
Income (loss) from equity method investments0 00(0)0
Income (loss) from continuing operations before income taxes:246(138)(451)9512827
Income tax expense (benefit)(185)(146)130(81)(133)67
Income (loss) from continuing operations:61(283)(321)14(5)94
Income (loss) before gain (loss) on sale of properties:(517)(206)14(5)94
Income (loss) from discontinued operations  (234)114   
Other undisclosed net income (loss)8721(412)924376 
Net income (loss):69204(619)93837194
Net income (loss) attributable to noncontrolling interest1(11)51(1)(2)
Net income (loss) attributable to parent:70192(613)93837091
Preferred stock dividends and other adjustments  (0)0(0)(63)(298)
Other undisclosed net income available to common stockholders, basic     74 
Net income (loss) available to common stockholders, diluted:70192(613)938381(207)

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):69204(619)93837194
Other comprehensive income (loss)7842213339(187)130
Comprehensive income (loss):147626(486)976184224
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(11)51(1)(5)
Comprehensive income (loss), net of tax, attributable to parent:147614(481)977183219

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.

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