v3.25.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 240,994 $ 91,350
Restricted cash 5,455 6,504
Receivables:    
Accounts and notes receivable 189,652 189,124
Other receivables 6,187 3,190
Allowance for doubtful accounts (111,101) (100,527)
Receivables, net 84,738 91,787
Income tax receivable 8,820 7,086
Prepaid expenses and other current assets 30,457 30,020
Current assets held for sale 0 564
Total current assets 370,464 227,311
Property and equipment:    
Land 143,873 127,413
Buildings 381,563 347,522
Furniture, equipment and software 574,030 504,648
Leasehold improvements 152,003 125,690
Construction in-progress 10,835 27,997
Accumulated depreciation and amortization (692,275) (619,018)
Property and equipment, net 570,029 514,252
Operating lease right-of-use assets, net 283,558 292,387
Goodwill 616,438 563,404
Tradenames, net 160,698 147,911
Deferred costs, net 4,643 4,732
Deferred income taxes 66,898 60,823
Other assets 42,192 40,830
Long-term assets held for sale 1,630 10,410
Total assets 2,116,550 1,862,060
Current liabilities:    
Accounts payable 55,706 35,340
Accrued expenses 73,848 60,972
Accrued compensation and benefits 98,571 91,311
Deferred revenue and student deposits 90,835 64,340
Current portion of operating leases 59,774 48,170
Current portion of long-term debt and finance leases 30,364 41,260
Income taxes payable 13,422 2,371
Other current liabilities 36,818 22,941
Current liabilities held for sale 0 1,190
Total current liabilities 459,338 367,895
Long-term operating leases, less current portion 277,660 278,957
Long-term debt and finance leases, less current portion 70,599 59,027
Deferred compensation 7,156 8,269
Income taxes payable 133,162 136,473
Deferred income taxes 13,982 12,433
Other long-term liabilities 35,140 31,984
Long-term liabilities held for sale 0 8,479
Total liabilities 997,037 903,517
Redeemable equity 1,398 1,398
Stockholders' equity:    
Preferred stock, par value $0.001 per share – 50,000 shares authorized and no shares issued and outstanding as of September 30, 2025 and December 31, 2024 0 0
Common stock, par value $0.004 per share – 700,000 shares authorized, 147,369 shares issued and outstanding as of September 30, 2025 and 150,794 shares issued and outstanding as of December 31, 2024 590 604
Additional paid-in capital 1,111,013 1,129,511
Retained earnings 357,953 291,644
Accumulated other comprehensive loss (350,890) (462,210)
Total Laureate Education, Inc. stockholders' equity 1,118,666 959,549
Noncontrolling interests (551) (2,404)
Total stockholders' equity 1,118,115 957,145
Total liabilities and stockholders' equity $ 2,116,550 $ 1,862,060