Laureate Education, Inc. (LAUR) financial statements (2022 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3251,857427561750717630
Cash and cash equivalents3251,857427561750717630
Restricted cash and investments21   117  
Receivables182174141130126201339
Prepaid expense16292024152154
Derivative instruments and hedges, assets   22   
Disposal group, including discontinued operation 520246843551062
Other current assets      578
Other undisclosed current assets 105107107 31(393)
Total current assets:5442,1708971,3111,4441,4801,270
Noncurrent Assets
Finance lease, right-of-use asset40      
Operating lease, right-of-use asset384409427428463445692
Property, plant and equipment459493518543578547908
Long-term investments and receivables  111110
Accounts and financing receivable, after allowance for credit loss  111110
Intangible assets, net (including goodwill)6907107287165757392,334
Goodwill5475595695525755181,356
Intangible assets, net (excluding goodwill)143151159164 221979
Disposal group, including discontinued operation, noncurrent assets6159201,3381,4821,598187
Deferred costs681116181967
Deferred income tax assets396210291131296347
Other noncurrent assets434740385247136
Other undisclosed noncurrent assets1 2122711
Total noncurrent assets:1,6671,7452,7493,1733,5273,6954,683
TOTAL ASSETS:2,2113,9143,6464,4844,9715,1755,954
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2221,724286252231229380
Accounts payable27323430413569
Accrued liabilities66677510396107179
Employee-related liabilities908272456460132
Taxes payable39271105733026 
Interest and dividends payable 1,272     
Deferred revenue446849864763340
Debt495051639689211
Derivative instruments and hedges, liabilities    18  
Due to related parties      8
Disposal group, including discontinued operation1716433635459450
Other liabilities18212016151625
Other undisclosed current liabilities38464745454391
Total current liabilities:3721,9156177988051,0341,106
Noncurrent Liabilities
Long-term debt and lease obligation, including:1051121238889001,3081,380
Long-term debt, excluding current maturities 112123888 1,3081,380
Finance lease, liability40   47  
Operating lease, liability377414433431475452701
Other undisclosed long-term debt and lease obligation(312)(414)(433)(431)378(452)(701)
Liabilities, other than long-term debt216244198472526555474
Accounts payable and accrued liabilities96575049363149
Deferred compensation liability, classified12121413131213
Deferred income tax liabilities741378610086106192
Due to related parties      8
Disposal group, including discontinued operation, liabilities10102227834937568
Other liabilities252827333431144
Derivative instruments and hedges, liabilities    8  
Other undisclosed noncurrent liabilities377414433431475452701
Total noncurrent liabilities:6987697551,7911,9012,3152,555
Total liabilities:1,0702,6851,3712,5892,7053,3493,661
Temporary equity, carrying amount22222212
Stockholders' equity
Stockholders' equity attributable to parent, including:1,1411,2412,2861,9062,2771,8372,294
Treasury stock, value(744)(730)(617)(511)(365)(300)(300)
Additional paid in capital2,3892,4953,7643,7603,7603,7583,757
Accumulated other comprehensive loss(520)(514)(491)(1,002)(942)(1,065)(1,392)
Retained earnings (accumulated deficit)16(10)(371)(342)(177)(556)228
Other undisclosed stockholders' equity attributable to parent1111111
Stockholders' equity attributable to noncontrolling interest(1)(13)(13)(13)(13)(13)(14)
Total stockholders' equity:1,1401,2282,2721,8932,2641,8252,280
TOTAL LIABILITIES AND EQUITY:2,2113,9143,6464,4844,9715,1755,954

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues297268328195285244792
Cost of revenue
(Cost of Goods and Services Sold)
(237)(182)(213)(182)(188)(186)(554)
Gross profit:5986114139758238
Operating expenses(72)(51)(57)(99)(498)(376)(492)
Other undisclosed operating income1   438  
Operating income (loss):(11)3558(86)37(318)(255)
Nonoperating income (expense)(4)6(69)58(92)(0)(6)
Investment income, nonoperating20(53)30(31)1(0)
Foreign currency transaction gain (loss), before tax(5)6(16)28(58)(3)(5)
Other nonoperating income (expense)(2)(0)(0)0(3)1(0)
Interest and debt expense(5)(4)(91)(24)(26)(25)(34)
Income (loss) from continuing operations before equity method investments, income taxes:(21)38(103)(52)(81)(343)(294)
Loss from equity method investments    (0) (0)
Income (loss) from continuing operations before income taxes:(21)38(103)(52)(81)(343)(294)
Income tax expense (benefit)29(48)(13)(113)(163)72(8)
Income (loss) from continuing operations:8(10)(116)(165)(244)(271)(302)
Income (loss) from discontinued operations23(249)1(10)6753(4)
Income (loss) before gain (loss) on sale of properties:31(259)(115)(174)(177)(218)(306)
Other undisclosed net income (loss)7619869556(566)(6)
Net income (loss):38360(29)(165)379(784)(312)
Net income (loss) attributable to noncontrolling interest(12)0000(0)4
Net income (loss) attributable to parent:26360(29)(165)379(784)(308)
Preferred stock dividends and other adjustments  (0)(0)(0)00
Net income (loss) available to common stockholders, diluted:26360(29)(165)379(784)(308)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):38360(29)(165)379(784)(312)
Other comprehensive income (loss)(6)(23)510(60)12332614
Comprehensive income (loss):32338481(225)502(458)(298)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(12)000004
Comprehensive income (loss), net of tax, attributable to parent:20338481(225)503(458)(294)

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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