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

Company profile

Business Address 650 S. EXETER STREET
BALTIMORE, MD 21202
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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments340324236279388392402
Cash and cash equivalents340324236279388392402
Restricted cash and investments187   201  
Receivables260371368455249425450
Prepaid expense506498725378176
Disposal group, including discontinued operation8413218730930634736
Other current assets519669697813522715833
Other undisclosed current assets(497)(435)(466)(527)(504)(502)(626)
Total current assets:9431,1241,1211,4001,2171,4541,272
Noncurrent Assets
Operating lease, right-of-use asset862872938 
Property, plant and equipment1,2781,1911,2381,2381,2791,2581,794
Long-term investments and receivables101315721213
Accounts and financing receivable, after allowance for credit loss101315721213
Intangible assets, net (including goodwill)1,7012,7952,8742,8752,8592,8653,091
Goodwill1,7011,6771,7371,7381,7071,7101,819
Intangible assets, net (excluding goodwill) 1,1181,1371,1371,1521,1561,272
Derivative instruments and hedges   63115
Disposal group, including discontinued operation, noncurrent assets3064494949611,0311,007277
Deferred costs70707068676668
Deferred income tax assets125134150 
Other noncurrent assets176175190178173175241
Other undisclosed noncurrent assets1,043221,100138152159
Total noncurrent assets:5,5735,7015,9716,4335,5535,5365,659
TOTAL ASSETS:6,5166,8257,0927,8346,7706,9916,931
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities542525506477512508592
Accounts payable120707171675172
Accrued liabilities215260232241228269280
Employee-related liabilities182166173143196174198
Taxes payable26293022211442
Deferred revenue217464284 
Debt119120136105102105158
Derivative instruments and hedges, liabilities 0 1400
Due to related parties12121425242324
Disposal group, including discontinued operation6413713931630839485
Contract with customer, liability556193465352
Other liabilities26263123474240
Other undisclosed current liabilities92929698   
Total current liabilities:1,0711,3761,2051,6021,1901,5371,252
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,2601,1581,2222,1362,5942,5052,756
Long-term debt, excluding current maturities1,2601,1581,2222,1362,5942,5052,756
Finance lease, liability535434 
Operating lease, liability792801862 
Other undisclosed long-term debt and lease obligation(846)(855)(897)    
Liabilities, other than long-term debt576647682664703706499
Accounts payable and accrued liabilities62828690937378
Deferred compensation liability, classified13121313131315
Deferred income tax liabilities218225228 
Due to related parties10102221222035
Disposal group, including discontinued operation, liabilities12515916437435435380
Other liabilities147159170166214239283
Derivative instruments and hedges, liabilities    778
Other undisclosed noncurrent liabilities(125)(159)(164)(156)(137)(96)215
Total noncurrent liabilities:1,7111,6461,7402,6443,1603,1163,471
Other undisclosed liabilities9179591,0261,24635435380
Total liabilities:3,6993,9823,9725,4924,7045,0064,802
Temporary equity, carrying amount1212     
Stockholders' equity
Stockholders' equity attributable to parent, including:2,8172,8433,1182,3352,0611,9832,125
Treasury stock, value(271)(105)     
Additional paid in capital3,7253,7103,7073,7063,7043,7063,699
Accumulated other comprehensive loss(1,074)(1,138)(1,061)(1,061)(1,113)(1,080)(1,026)
Retained earnings (accumulated deficit)437376471(311)(531)(643)(549)
Other undisclosed stockholders' equity attributable to parent1111111
Stockholders' equity attributable to noncontrolling interest(13)(13)(11)(7)(10)(12)(10)
Total stockholders' equity:2,8042,8313,1072,3282,0511,9722,115
Other undisclosed liabilities and equity  1214141313
TOTAL LIABILITIES AND EQUITY:6,5166,8257,0927,8346,7706,9916,931

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues8837741,0026229147871,248
Cost of revenue
(Cost of Goods and Services Sold)
(669)(656)(720)(652)(666)(678)(909)
Gross profit:214118282(31)248109339
Operating expenses(77)(72)(68)(54)(95)(84)(73)
Other undisclosed operating income (loss)18   (13)  
Operating income (loss):15546214(85)14026266
Nonoperating income (expense)(51)(12)22412(15)113
Investment income, nonoperating(34)259(1)3129
Foreign currency transaction gain (loss), before tax(16)(15)9(5)12(26)(18)
Other nonoperating income0180182
Interest and debt expense(33)(41)(57)(65)(53)(58)(66)
Income (loss) from continuing operations before equity method investments, income taxes:72(7)179(145)98(48)313
Income from equity method investments  0    
Other undisclosed loss from continuing operations before income taxes    (0)  
Income (loss) from continuing operations before income taxes:72(7)179(145)98(48)313
Income tax expense (benefit)(20)(22)(74)35(67)4(89)
Income (loss) before gain (loss) on sale of properties:52(29)105(110)31(44)224
Other undisclosed net income (loss)9(68)67530541(53) 
Net income (loss):61(97)78019472(97)224
Net income (loss) attributable to noncontrolling interest022(3)(1)20
Net income (loss) attributable to parent:61(95)78219172(95)224
Preferred stock dividends and other adjustments(0)(0)00(1)0(4)
Other undisclosed net income available to common stockholders, basic      74
Net income (loss) available to common stockholders, basic:60(95)78219270(94)294
Other undisclosed net loss available to common stockholders, diluted      (69)
Net income (loss) available to common stockholders, diluted:60(95)78219270(94)225

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):61(97)78019472(97)224
Other comprehensive income (loss)65(78)(0)52(33)(53)(187)
Comprehensive income (loss):125(175)77924639(150)37
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)22(3)(1)2(0)
Comprehensive income (loss), net of tax, attributable to parent:125(173)78124339(148)37

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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