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)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments325750340388469
Cash and cash equivalents325750340388469
Restricted cash and investments21117187201225
Receivables182126260249358
Prepaid expense1615505393
Disposal group, including discontinued operation 43584306103
Other current assets  519522717
Other undisclosed current assets  (497)(504)(676)
Total current assets:5441,4449431,2171,289
Noncurrent Assets
Finance lease, right-of-use asset40  ✕✕
Operating lease, right-of-use asset384463862✕✕
Property, plant and equipment4595781,2781,2791,935
Long-term investments and receivables 11024
Accounts and financing receivable, after allowance for credit loss 11024
Intangible assets, net (including goodwill)6905751,7012,8593,286
Goodwill5475751,7011,7071,955
Intangible assets, net (excluding goodwill)143  1,1521,332
Derivative instruments and hedges   348
Disposal group, including discontinued operation, noncurrent assets61,4823061,031392
Deferred costs618706764
Deferred income tax assets39131125✕✕
Other noncurrent assets4352176173214
Other undisclosed noncurrent assets12271,043138159
Total noncurrent assets:1,6673,5275,5735,5536,103
TOTAL ASSETS:2,2114,9716,5166,7707,392
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities222231542512648
Accounts payable27411206780
Accrued liabilities6696215228291
Employee-related liabilities9064182196248
Taxes payable3930262130
Deferred revenue4447217✕✕
Debt4996119102154
Derivative instruments and hedges, liabilities 18 44
Due to related parties  122440
Disposal group, including discontinued operation135464308177
Deferred revenue and credits✕✕✕✕312
Contract with customer, liability✕✕✕193✕
Other liabilities1815264739
Other undisclosed current liabilities384592  
Total current liabilities:3728051,0711,1901,375
Noncurrent Liabilities
Long-term debt and lease obligation, including:1059001,2602,5943,207
Long-term debt, excluding current maturities  1,2602,5943,207
Finance lease, liability404753✕✕
Operating lease, liability377475792✕✕
Other undisclosed long-term debt and lease obligation(312)378(846)  
Liabilities, other than long-term debt216526576703530
Accounts payable and accrued liabilities96366293113
Deferred compensation liability, classified1213131314
Deferred income tax liabilities7486218✕✕
Due to related parties  102239
Disposal group, including discontinued operation, liabilities1034912535494
Other liabilities2534147214260
Derivative instruments and hedges, liabilities 8 79
Other undisclosed noncurrent liabilities377475(125)(137)184
Total noncurrent liabilities:6981,9011,7113,1603,921
Other undisclosed liabilities  91735494
Total liabilities:1,0702,7053,6994,7045,390
Temporary equity, carrying amount2212  
Stockholders' equity
Stockholders' equity attributable to parent, including:1,1412,2772,8172,0611,575
Treasury stock, value(744)(365)(271)  
Additional paid in capital2,3893,7603,7253,7043,446
Accumulated other comprehensive loss(520)(942)(1,074)(1,113)(926)
Retained earnings (accumulated deficit)16(177)437(531)(946)
Other undisclosed stockholders' equity attributable to parent11111
Stockholders' equity attributable to noncontrolling interest(1)(13)(13)(10)12
Total stockholders' equity:1,1402,2642,8042,0511,587
Other undisclosed liabilities and equity   14414
TOTAL LIABILITIES AND EQUITY:2,2114,9716,5166,7707,392

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,0871,0253,2503,3504,378
Revenue, net✕✕✕✕(930)
Cost of revenue
(Cost of Goods and Services Sold)		(814)(802)(2,672)(2,747)(3,665)
Gross profit:272222579603713
Operating expenses(278)(990)(296)(299)(356)
Other undisclosed operating income (loss)143843(13) 
Operating income (loss):(5)(329)326291357
Nonoperating income (expense)(9)(20)(36)8041
Investment income, nonoperating(21)(31)(18)10038
Foreign currency transaction gain (loss), before tax1413(27)(32)6
Other nonoperating income (expense)(2)(2)912(2)
Interest and debt expense(124)(102)(196)(243)(371)
Income (loss) from continuing operations before equity method investments, income taxes:(138)(451)9412827
Income (loss) from equity method investments 00(0)0
Income (loss) from continuing operations before income taxes:(138)(451)9512827
Income tax expense (benefit)(146)130(81)(133)67
Income (loss) from continuing operations:(283)(321)14(5)94
Income (loss) from discontinued operations(234)114   
Income (loss) before gain (loss) on sale of properties:(517)(206)14(5)94
Other undisclosed net income (loss)721(412)924376 
Net income (loss):204(619)93837194
Net income (loss) attributable to noncontrolling interest(11)51(1)(2)
Net income (loss) attributable to parent:192(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:192(613)938381(207)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):204(619)93837194
Other comprehensive income (loss)42213339(187)130
Comprehensive income (loss):626(486)976184224
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(11)51(1)(5)
Comprehensive income (loss), net of tax, attributable to parent:614(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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