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)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments750340388469
Cash and cash equivalents750340388469
Restricted cash and investments117187201225
Receivables126260249358
Prepaid expense15505393
Disposal group, including discontinued operation43584306103
Other current assets 519522717
Other undisclosed current assets (497)(504)(676)
Total current assets:1,4449431,2171,289
Noncurrent Assets
Operating lease, right-of-use asset463862✕✕
Property, plant and equipment5781,2781,2791,935
Long-term investments and receivables11024
Accounts and financing receivable, after allowance for credit loss11024
Intangible assets, net (including goodwill)5751,7012,8593,286
Goodwill5751,7011,7071,955
Intangible assets, net (excluding goodwill)  1,1521,332
Derivative instruments and hedges  348
Disposal group, including discontinued operation, noncurrent assets1,4823061,031392
Deferred costs18706764
Deferred income tax assets131125✕✕
Other noncurrent assets52176173214
Other undisclosed noncurrent assets2271,043138159
Total noncurrent assets:3,5275,5735,5536,103
TOTAL ASSETS:4,9716,5166,7707,392
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities231542512648
Accounts payable411206780
Accrued liabilities96215228291
Employee-related liabilities64182196248
Taxes payable30262130
Deferred revenue47217✕✕
Debt96119102154
Derivative instruments and hedges, liabilities18 44
Due to related parties 122440
Disposal group, including discontinued operation35464308177
Deferred revenue and credits✕✕✕312
Contract with customer, liability✕✕193✕
Other liabilities15264739
Other undisclosed current liabilities4592  
Total current liabilities:8051,0711,1901,375
Noncurrent Liabilities
Long-term debt and lease obligation, including:9001,2602,5943,207
Long-term debt, excluding current maturities 1,2602,5943,207
Finance lease, liability4753✕✕
Operating lease, liability475792✕✕
Other undisclosed long-term debt and lease obligation378(846)  
Liabilities, other than long-term debt526576703530
Accounts payable and accrued liabilities366293113
Deferred compensation liability, classified13131314
Deferred income tax liabilities86218✕✕
Due to related parties 102239
Disposal group, including discontinued operation, liabilities34912535494
Other liabilities34147214260
Derivative instruments and hedges, liabilities8 79
Other undisclosed noncurrent liabilities475(125)(137)184
Total noncurrent liabilities:1,9011,7113,1603,921
Other undisclosed liabilities 91735494
Total liabilities:2,7053,6994,7045,390
Temporary equity, carrying amount212  
Stockholders' equity
Stockholders' equity attributable to parent, including:2,2772,8172,0611,575
Treasury stock, value(365)(271)  
Additional paid in capital3,7603,7253,7043,446
Accumulated other comprehensive loss(942)(1,074)(1,113)(926)
Retained earnings (accumulated deficit)(177)437(531)(946)
Other undisclosed stockholders' equity attributable to parent1111
Stockholders' equity attributable to noncontrolling interest(13)(13)(10)12
Total stockholders' equity:2,2642,8042,0511,587
Other undisclosed liabilities and equity  14414
TOTAL LIABILITIES AND EQUITY:4,9716,5166,7707,392

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,0253,2503,3504,378
Revenue, net✕✕✕(930)
Cost of revenue
(Cost of Goods and Services Sold)		(802)(2,672)(2,747)(3,665)
Gross profit:222579603713
Operating expenses(990)(296)(299)(356)
Other undisclosed operating income (loss)43843(13) 
Operating income (loss):(329)326291357
Nonoperating income (expense)(20)(36)8041
Investment income, nonoperating(31)(18)10038
Foreign currency transaction gain (loss), before tax13(27)(32)6
Other nonoperating income (expense)(2)912(2)
Interest and debt expense(102)(196)(243)(371)
Income (loss) from continuing operations before equity method investments, income taxes:(451)9412827
Income (loss) from equity method investments00(0)0
Income (loss) from continuing operations before income taxes:(451)9512827
Income tax expense (benefit)130(81)(133)67
Income (loss) from continuing operations:(321)14(5)94
Income from discontinued operations114   
Income (loss) before gain (loss) on sale of properties:(206)14(5)94
Other undisclosed net income (loss)(412)924376 
Net income (loss):(619)93837194
Net income (loss) attributable to noncontrolling interest51(1)(2)
Net income (loss) attributable to parent:(613)93837091
Preferred stock dividends and other adjustments0(0)(63)(298)
Other undisclosed net income available to common stockholders, basic  74 
Net income (loss) available to common stockholders, diluted:(613)938381(207)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(619)93837194
Other comprehensive income (loss)13339(187)130
Comprehensive income (loss):(486)976184224
Comprehensive income (loss), net of tax, attributable to noncontrolling interest51(1)(5)
Comprehensive income (loss), net of tax, attributable to parent:(481)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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