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Laureate Education, Inc.
Business Summary
Laureate Education, Inc. is a privately held company that provides undergraduate, masters and doctorate degrees through both an online and on-campus programs in over 24 countries throughout North America, Latin America, Europe and Asia. Founded in 1998 and taken private by CEO Douglas Becker and a consortium of investment firms, Laureate Education offers a shared curriculum in over 130 countries. Formerly known as Sylvan Learning Systems and headquartered in Baltimore, MD, Laureate Education changed its name in 2004 and offers its degrees to close to 600,000 students worldwide. Laureate Education offers accredited programs in engineering, education, business, medicine, law, architecture, health sciences, hospitality, culinary arts, communication, humanities, psychology, human services, nursing, and information technology. Laureate Education's schools operate under many local brand names, several of which are highly regarded such as Les Roches International School of Hotel Management and The Richard W. Riley College of Education.
Overview & Corporate Organization
Basic Information
| Year Founded: | 1991 |
| Formerly Named: | Sylvan Learning Systems |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | Baltimore |
| State/Province: | Maryland |
| Country: | United States |
| Phone: | View |
| Website: | www.laureate-inc.com |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Services > Educational Services > For-Profit Education > Online Education Services |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Competitors & Comparables
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Income Statement | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
| Revenues | View | View | View | View | View | View | $875,824,000 | $644,821,000 | $472,806,000 | $336,003,000 | $244,529,000 | $314,755,000 | $276,333,000 | $178,802,000 | $170,560,000 |
| Cost of Services | $269,061,000 | ||||||||||||||
| Affiliate Costs | $2,592,000 | $0 | $12,948,000 | $0 | $0 | ||||||||||
| Direct Operating Costs | View | $715,958,000 | $529,234,000 | $395,172,000 | $291,619,000 | $209,579,000 | $220,007,000 | $134,132,000 | $148,926,000 | ||||||
| Total Stock Compensation | $23,050,000 | $1,046,000 | $0 | ||||||||||||
| General and Administrative Expenses - Other | $19,530,000 | ||||||||||||||
| Other General and Administrative Expenses | $26,122,000 | $31,214,000 | |||||||||||||
| General and Administrative Expenses | View | $28,996,000 | $26,170,000 | $25,779,000 | $26,855,000 | $15,530,000 | $19,693,000 | ||||||||
| Restructuring Charges | $3,569,000 | $0 | $0 | ||||||||||||
| Operating Expense - Other | $3,245,000 | $0 | |||||||||||||
| Cost and Operating Expenses | View | $744,954,000 | $555,404,000 | $437,752,000 | $321,379,000 | $240,793,000 | $307,788,000 | $250,431,000 | $152,907,000 | $168,619,000 | |||||
| Operating Income/(Loss) | View | $130,870,000 | $89,417,000 | $35,054,000 | $14,624,000 | $3,736,000 | $6,967,000 | $25,902,000 | $25,895,000 | $1,941,000 | |||||
| Interest Expense | View | $10,440,000 | $7,670,000 | $8,844,000 | $8,256,000 | $8,700,000 | $7,093,000 | $3,924,000 | $319,000 | $472,000 | |||||
| Interest Income | View | $9,322,000 | $20,582,000 | $7,280,000 | $5,213,000 | ||||||||||
| Realized Gains/(Losses) on Sale of Investments | $0 | ||||||||||||||
| Gain/(Loss) on Disposition of Assets | View | $0 | $0 | $0 | |||||||||||
| Gain/(Loss) on Investments | ($8,394,000) | ($10,561,000) | $7,900,000 | ($11,441,000) | ($13,370,000) | $0 | |||||||||
| Non-operating Asset Related Income | $11,274,000 | $20,386,000 | $1,122,000 | $3,988,000 | $4,724,000 | ||||||||||
| Foreign Currency Exchange Gains/(Losses) | View | ($1,503,000) | ($957,000) | $257,000 | $641,000 | ($80,000) | |||||||||
| Non-operating Expense - Other | ($28,500,000) | ||||||||||||||
| Non-operating Income/(Expense) - Other | View | $2,467,000 | $7,597,000 | ($277,000) | $1,692,000 | ||||||||||
| Non-operating Income/(Expense) | View | ($154,000) | $19,552,000 | ($9,978,000) | ($11,271,000) | $10,394,000 | |||||||||
| Income Loss Continuing Operations Before Income Taxes Minority Interest Earnings Losses Equity Investments | View | $130,716,000 | $108,969,000 | $25,076,000 | $3,353,000 | $14,130,000 | |||||||||
| Income Loss Continuing Operations Before Income Taxes Effect Accounting Change | ($5,925,000) | $7,055,000 | $26,064,000 | $32,687,000 | |||||||||||
| Provision for Income Taxes | View | $19,667,000 | $6,798,000 | ($2,930,000) | ($8,789,000) | $1,517,000 | ($4,308,000) | ($1,284,000) | $6,624,000 | $10,188,000 | |||||
| Minority Interest, Net of Tax Effect | View | $24,154,000 | $20,476,000 | $14,460,000 | $4,822,000 | $5,008,000 | ($7,459,000) | $319,000 | $0 | $0 | |||||
| Income/(Loss) from Equity Investments | View | ($535,000) | ($323,000) | ($3,861,000) | ($3,720,000) | ($31,400,000) | ($22,203,000) | ($2,356,000) | ($3,500,000) | ($2,006,000) | |||||
| Income/(Loss) Before Cumulative Effect of Change in Accounting Principle | $3,600,000 | ($23,795,000) | ($1,617,000) | $8,339,000 | $19,440,000 | $22,499,000 | |||||||||
| Cumulative Effect of a Change in Accounting Principle, Net of Tax Effect | ($78,634,000) | $0 | $0 | ($1,323,000) | $0 | $0 | |||||||||
| Income/(Loss) from Continuing Operations | View | $86,360,000 | $81,372,000 | $9,685,000 | |||||||||||
| Income/(Loss) from Discontinued Operations | ($5,480,000) | ($4,266,000) | $6,349,000 | ($3,968,000) | $4,964,000 | $16,269,000 | $5,405,000 | ||||||||
| Income/(Loss) from Discontinued Operations, Net of Tax Effect | View | ($1,411,000) | ($6,466,000) | ||||||||||||
| Income/(Loss) from Disposition of Discontinued Operations | View | ($9,152,000) | ($13,324,000) | $41,930,000 | ($16,643,000) | $0 | $310,807,000 | ($26,968,000) | $0 | $0 | |||||
| Net Income (Loss) | View | $75,797,000 | $61,582,000 | $46,135,000 | ($95,943,000) | ($17,446,000) | $305,222,000 | ($14,988,000) | $35,709,000 | $27,904,000 | |||||
| Net Income Applicable to Common Stockholders | View | $75,797,000 | $61,582,000 |
| Balance Sheet | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
| Cash and Cash Equivalents | View | $105,106,000 | $106,854,000 | $92,145,000 | $94,068,000 | $102,194,000 | $116,490,000 | $18,995,000 | $33,170,000 |
| Current Available-for-Sale Securities | $3,258,000 | $16,765,000 | $22,282,000 | $60,091,000 | $202,077,000 | $10,890,000 | $6,166,000 | ||
| Current Restricted Cash | View | $0 | |||||||
| Accounts Receivable Trade, Gross | View | $181,211,000 | $126,486,000 | $90,636,000 | $42,965,000 | $70,180,000 | $68,468,000 | $45,537,000 | $39,039,000 |
| Allowance for Doubtful Accounts | View | $39,006,000 | $25,209,000 | $15,550,000 | $5,939,000 | $11,036,000 | $5,554,000 | $2,138,000 | $2,144,000 |
| Current Notes Receivable, Net | View | $104,880,000 | $85,450,000 | $44,240,000 | $7,545,000 | $7,489,000 | $4,647,000 | $2,977,000 | |
| Accounts and Notes Receivable, Gross | $11,342,000 | ||||||||
| Other Accounts and Notes Receivable | $3,507,000 | $15,810,000 | $13,317,000 | $16,783,000 | $7,472,000 | ||||
| Current Unbilled Receivables, Net | $2,613,000 | $3,061,000 | $2,310,000 | ||||||
| Net Income Taxes Receivable | $33,523,000 | $16,542,000 | $5,290,000 | ||||||
| Net Other Receivables | View | $14,208,000 | $7,366,000 | $2,862,000 | $3,725,000 | $15,549,000 | $1,265,000 | $1,346,000 | |
| Net Receivables | View | $261,293,000 | $190,234,000 | $126,692,000 | $51,230,000 | $86,224,000 | $101,882,000 | $69,155,000 | $51,000,000 |
| Net Inventories | View | $5,282,000 | $4,618,000 | $3,375,000 | $2,475,000 | $7,344,000 | $5,832,000 | $6,098,000 | $8,647,000 |
| Current Deferred Income Taxes | View | $16,978,000 | $5,079,000 | $0 | $3,810,000 | $3,936,000 | $6,963,000 | $1,685,000 | |
| Prepaid Expenses - Other | $1,586,000 | ||||||||
| Other Prepaid Expenses | $23,679,000 | ||||||||
| Prepaid Expenses | View | $24,977,000 | $15,230,000 | $14,338,000 | $21,186,000 | $20,955,000 | $9,073,000 | $7,892,000 | |
| Current Assets of Discontinued Operations | $20,000,000 | $0 | $280,287,000 | $9,779,000 | |||||
| Current Other Assets | $104,865,000 | ||||||||
| Current Assets | View | $413,636,000 | $378,796,000 | $269,857,000 | $301,396,000 | $284,928,000 | $451,172,000 | $401,461,000 | $118,339,000 |
| Land | View | $101,993,000 | $95,153,000 | $68,441,000 | $38,028,000 | $14,552,000 | $16,176,000 | ||
| Buildings | View | $256,941,000 | $266,524,000 | $179,911,000 | $157,834,000 | $88,190,000 | $78,193,000 | ||
| Land, Buildings and Improvements | $63,319,000 | $9,917,000 | |||||||
| Furniture and Fixtures | View | $223,143,000 | $161,132,000 | $110,852,000 | $76,133,000 | $115,140,000 | $96,592,000 | $69,770,000 | $50,827,000 |
| Construction in Progress | View | $40,856,000 | $3,154,000 | $30,578,000 | $14,496,000 | $8,897,000 | $3,688,000 | ||
| Leasehold Improvements | View | $81,336,000 | $56,362,000 | $39,824,000 | $28,747,000 | $34,876,000 | $18,501,000 | $10,819,000 | $8,465,000 |
| Property, Plant and Equipment, Gross | View | $704,269,000 | $582,325,000 | $429,606,000 | $315,238,000 | $261,655,000 | $213,150,000 | $143,908,000 | $69,209,000 |
| Accumulated Depreciation PPE | $60,147,000 | $39,594,000 | $28,090,000 | $22,944,000 | |||||
| Accumulated Depreciation and Amortization | View | $130,332,000 | $97,163,000 | $63,756,000 | $42,002,000 | ||||
| Net Property, Plant and Equipment | View | $573,937,000 | $485,162,000 | $365,850,000 | $273,236,000 | $201,508,000 | $173,556,000 | $115,818,000 | $46,265,000 |
| Noncurrent Notes Receivable | View | $83,813,000 | $50,384,000 | $59,229,000 | $0 | $17,737,000 | $10,691,000 | $7,209,000 | $10,082,000 |
| Investment in Affiliates | $8,730,000 | $40,387,000 | $57,999,000 | $13,317,000 | $16,532,000 | ||||
| Other Long Term Investments | $10,885,000 | $32,567,000 | $25,935,000 | $25,933,000 | $44,230,000 | ||||
| Goodwill Gross | $296,422,000 | $200,382,000 | $117,146,000 | ||||||
| Accumulated Amortization - Goodwill | $21,078,000 | $11,952,000 | $5,504,000 | ||||||
| Goodwill | View | $412,215,000 | $364,973,000 | $233,561,000 | $176,190,000 | $285,784,000 | |||
| Indefinite-Lived - Trade Names | $174,245,000 | ||||||||
| Finite-Lived - Trade Names | View | $215,112,000 | $79,789,000 | ||||||
| Intangible Assets - Other | View | $7,163,000 | $11,447,000 | $8,845,000 | $36,457,000 | $6,893,000 | $2,611,000 | $2,574,000 | $2,432,000 |
| Net Intangible Assets | View | $634,490,000 | $550,665,000 | $322,195,000 | $212,647,000 | $292,677,000 | $277,955,000 | $191,004,000 | $114,074,000 |
| Noncurrent Deferred Tax Assets | View | $25,760,000 | $7,717,000 | $29,760,000 | $8,366,000 | $13,823,000 | $0 | ||
| Other Deferred Long Term Asset Charges | View | $21,935,000 | $15,976,000 | $11,901,000 | $6,600,000 | $7,943,000 | $5,486,000 | $3,641,000 | $3,815,000 |
| Noncurrent Assets of Discontinued Operations | $30,199,000 | $71,914,000 | $124,064,000 | $268,371,000 | |||||
| Noncurrent Other Assets | View | $22,557,000 | $16,193,000 | $19,208,000 | $21,887,000 | $17,621,000 | $14,169,000 | $6,242,000 | $4,430,000 |
| Assets | View | $1,776,128,000 | $1,535,092,000 | $1,149,914,000 | $967,811,000 | $909,191,000 | $1,016,963,000 | $764,625,000 | $626,138,000 |
| Accounts Payable | View | $30,078,000 | $20,824,000 | $33,992,000 | $24,428,000 | $15,696,000 | $19,571,000 | $23,456,000 | |
| Employee Related Liabilities | View | $55,724,000 | |||||||
| Other Accrued Expenses | View | $50,739,000 | |||||||
| Accrued Expenses | $108,542,000 | $76,080,000 | $59,054,000 | $49,386,000 | $40,452,000 | $21,234,000 | |||
| Accounts Payable and Accrued Expenses | $31,040,000 | ||||||||
| Accounts Payable - Related Parties | $26,861,000 | $3,657,000 | |||||||
| Current Amounts Due To Officers/Stockholders | View | $18,737,000 | $4,747,000 | $8,802,000 | $40,195,000 | $22,474,000 | $40,719,000 | ||
| Current Deferred Income Tax Liabilities | View | $28,644,000 | $1,205,000 | $0 | $4,324,000 | ||||
| Current Deferred/(Unearned) Revenue | View | $273,030,000 | $225,747,000 | $152,922,000 | $76,773,000 | $54,578,000 | $42,483,000 | $23,234,000 | $19,104,000 |
| Income Taxes Payable | View | $31,615,000 | $15,423,000 | $20,346,000 | $10,792,000 | $29,754,000 | $119,511,000 | $9,711,000 | $11,781,000 |
| Current Portion of Long-Term Debt | View | $63,044,000 | $47,010,000 | $21,654,000 | $11,194,000 | $6,449,000 | $12,856,000 | $14,315,000 | $594,000 |
| Current Liabilities of Discontinued Operations | $30,648,000 | $2,726,000 | |||||||
| Current Other Liabilities | View | $3,543,000 | $10,482,000 | $3,022,000 | $1,672,000 | $8,154,000 | $10,673,000 | $0 | |
| Current Liabilities | View | $555,154,000 | $456,094,000 | $312,763,000 | $227,687,000 | $167,674,000 | $285,741,000 | $117,150,000 | $103,238,000 |
| Long-Term Debt | View | $99,997,000 | $86,605,000 | $75,100,000 | $153,543,000 | $124,474,000 | $131,425,000 | $146,095,000 | $12,504,000 |
| Noncurrent Amounts Due To Officers/Stockholders | View | $46,686,000 | $29,941,000 | $9,538,000 | $12,239,000 | ||||
| Noncurrent Amounts Due To Other Related Parties | $29,402,000 | ||||||||
| Commitments and Contingencies | View | $0 | $0 | $0 | $0 | ||||
| Minority Interest | View | $72,354,000 | $37,538,000 | $45,991,000 | $74,017,000 | $56,981,000 | $32,880,000 | $12,085,000 | $0 |
| Deferred Tax Liability | View | $583,000 | $22,446,000 | $204,000 | $4,824,000 | $12,152,000 | $8,303,000 | ||
| Noncurrent Other Liabilities | View | $22,876,000 | $19,990,000 | $16,765,000 | $17,098,000 | $14,207,000 | $8,830,000 | $3,050,000 | $1,021,000 |
| Liabilities | View | $725,296,000 | $614,537,000 | $434,773,000 | $407,866,000 | $306,355,000 | $430,820,000 | $278,447,000 | $137,305,000 |
| Preferred Stock - Value (Excluding Additional Paid in Capital) | View | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock - Value (Excluding Additional Paid in Capital) | View | $499,000 | $488,000 | $450,000 | $403,000 | $387,000 | $373,000 | $509,000 | $510,000 |
| Additional Paid in Capital | View | $503,791,000 | $474,928,000 | $353,522,000 | $257,926,000 | $229,386,000 | $205,343,000 | $414,567,000 | $410,694,000 |
| Retained Earnings | View | $435,735,000 | $360,371,000 | $292,978,000 | $246,843,000 | $342,786,000 | $360,232,000 | $60,762,000 | $75,852,000 |
| Other Accumulated Comprehensive Income, Net of Tax Effect | View | $38,453,000 | $47,230,000 | $22,200,000 | ($19,244,000) | ($26,704,000) | ($12,685,000) | ($1,745,000) | $1,777,000 |
| Stockholders' Equity | View | $978,478,000 | $883,017,000 | $669,150,000 | $485,928,000 | $545,855,000 | $553,263,000 | $474,093,000 | $488,833,000 |
| Liabilities and Stockholders' Equity | View | $1,776,128,000 | $1,535,092,000 | $1,149,914,000 | $967,811,000 | $909,191,000 | $1,016,963,000 | $764,625,000 | $626,138,000 |
| Cash Flow Statement | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
| Operating Activities Beginning Net Income | View | $75,797,000 | $61,582,000 | $46,135,000 | ($95,943,000) | ($17,446,000) | $305,222,000 | ($14,988,000) | $35,709,000 | $27,904,000 |
| Depreciation (Non-Production) | $16,700,000 | $25,999,000 | $15,599,000 | $8,790,000 | ||||||
| Amortization | View | $14,474,000 | $11,241,000 | $5,834,000 | $2,217,000 | $13,494,000 | $13,742,000 | $20,788,000 | $16,724,000 | $10,071,000 |
| Depreciation and Amortization | View | $36,291,000 | $30,317,000 | $25,087,000 | $28,820,000 | $24,474,000 | ||||
| Gain/(Loss) on Sale/Retirement of Property, Plant and Equipment | View | $0 | $0 | |||||||
| Adjustments to Undistributed Earnings of Affiliates | View | $535,000 | $323,000 | $3,861,000 | $3,968,000 | $31,971,000 | $22,203,000 | $2,140,000 | $3,504,000 | $2,006,000 |
| Adjustments to Foreign Currency Exchange Gains/(Losses) | View | $0 | $0 | |||||||
| Adjustment for Equity Based Compensation Expense | $1,046,000 | $0 | ||||||||
| Total Adjustment Employee Compensation | View | $4,588,000 | $5,718,000 | |||||||
| Adjustments to Gains/(Losses) on Sale of Investments | $22,135,000 | ($7,905,000) | $11,441,000 | $13,370,000 | $0 | $0 | ||||
| Adjustment Minority Interest | View | $24,154,000 | $20,476,000 | $14,460,000 | $4,822,000 | $3,743,000 | ($7,459,000) | $319,000 | $0 | $0 |
| Adjustment Realized Gains Losses On Sale Asset | $7,894,000 | $0 | $0 | $0 | ||||||
| Deferred Income Taxes | View | $11,499,000 | $1,992,000 | ($6,471,000) | ($9,108,000) | ($1,213,000) | ($4,640,000) | ($317,000) | $1,265,000 | $1,834,000 |
| Income/(Loss) from Discontinued Operations, Net of Tax Effect | View | ($9,152,000) | ($14,760,000) | $41,930,000 | ($22,678,000) | $0 | $310,807,000 | ($26,891,000) | $0 | $0 |
| Adjustments to Cumulative Effect of a Change in Accounting Principle, Net of Tax Effect | ($86,334,000) | $0 | $0 | ($1,323,000) | $0 | $0 | ||||
| Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease) | View | $0 | ($17,891,000) | $0 | $0 | |||||
| Noncash Expenses - Other | View | ($3,470,000) | $66,000 | $28,673,000 | ($649,000) | $253,000 | $2,063,000 | $2,586,000 | $672,000 | $13,399,000 |
| Increase/(Decrease) in Receivables | View | $46,332,000 | $66,702,000 | $16,058,000 | $13,038,000 | $10,409,000 | $21,304,000 | $35,109,000 | $22,734,000 | $27,441,000 |
| Change Income Taxes Receivable | $0 | |||||||||
| Increase/(Decrease) in Inventories | View | $2,400,000 | ($12,922,000) | ($4,814,000) | ($4,398,000) | $1,764,000 | ($8,185,000) | $4,018,000 | $8,653,000 | $2,290,000 |
| Increase/(Decrease) in Accounts Payable and Accrued Expenses | View | ($19,402,000) | ($271,000) | $8,537,000 | $14,410,000 | $423,000 | $4,384,000 | $33,672,000 | $8,475,000 | $4,831,000 |
| Increase/(Decrease) in Unearned Premiums | View | $45,956,000 | $65,220,000 | $22,768,000 | $17,398,000 | ($1,108,000) | ($6,033,000) | $1,907,000 | $7,565,000 | $20,121,000 |
| Increase/(Decrease) in Income Taxes Payable | View | ($9,782,000) | ($15,411,000) | ($44,709,000) | ($8,363,000) | ($79,917,000) | ($25,769,000) | ($3,643,000) | ||
| Net Cash Flows Provided By/(Used In) Operating Activities | View | $141,060,000 | $124,342,000 | $58,895,000 | $81,125,000 | ($45,404,000) | $7,928,000 | $70,920,000 | $58,126,000 | $59,225,000 |
| Purchase of Property, Plant and Equipment | View | $109,144,000 | $100,779,000 | $81,078,000 | $69,755,000 | $55,785,000 | $33,813,000 | $61,211,000 | $58,294,000 | $29,048,000 |
| Purchase of Available-for-Sale Securities | View | $6,704,000 | $54,331,000 | $54,573,000 | $24,958,000 | $151,030,000 | $418,828,000 | $0 | $2,502,000 | $92,522,000 |
| Purchase Interest in Unconsolidated Affiliates | $19,148,000 | $69,524,000 | $10,510,000 | $16,618,000 | $13,789,000 | |||||
| Purchase of Other Investments | $38,044,000 | $19,323,000 | $16,689,000 | $13,532,000 | $0 | |||||
| Purchase of Notes Receivable | View | $6,214,000 | $23,178,000 | $0 | $0 | |||||
| Proceeds from Sales and Principal Collections on Notes Receivable | View | $333,000 | $57,703,000 | $0 | $0 | |||||
| Proceeds from Available-for-Sale Securities | View | $5,064,000 | $69,097,000 | $67,068,000 | $62,210,000 | $293,697,000 | $227,026,000 | $3,082,000 | $79,611,000 | $26,045,000 |
| Proceeds from Divestiture of Interest in Unconsolidated Affiliates | View | $0 | $4,115,000 | $15,211,000 | $0 | $0 | ||||
| Increase/(Decrease) Investments Affiliate | $739,000 | $4,117,000 | ||||||||
| Increase Decrease Restricted Funds | View | $0 | $0 | |||||||
| Acquisition of Businesses, Net of Cash Acquired | View | $95,613,000 | $80,065,000 | $53,711,000 | $56,207,000 | $22,433,000 | $91,006,000 | $74,989,000 | $54,512,000 | $6,522,000 |
| Proceeds from Divestiture of Business | View | $0 | $0 | $0 | ||||||
| Proceeds from Discontinued Operations | View | $22,654,000 | $0 | $96,371,000 | $0 | $730,106,000 | $0 | $0 | ||
| Proceeds from Sale of Other Assets | View | $0 | $13,107,000 | $0 | ||||||
| Purchase of Other Assets | $2,776,000 | $3,139,000 | $15,665,000 | $3,854,000 | $5,895,000 | $731,000 | ||||
| Total Increase/(Decrease) in Other Non-operating Assets, Net | View | $1,860,000 | ($2,764,000) | ($2,919,000) | ||||||
| Proceeds from Sale of Property, Plant and Equipment | $0 | |||||||||
| Net Other Investing Activities | View | $10,279,000 | $9,918,000 | $13,286,000 | $1,905,000 | $3,582,000 | $3,711,000 | $10,367,000 | $2,771,000 | $1,443,000 |
| Net Cash Flows Provided By/(Used In) Investing Activities | View | ($198,043,000) | ($127,013,000) | ($42,867,000) | ($97,508,000) | $536,000 | $305,262,000 | ($159,327,000) | ($74,513,000) | ($118,010,000) |
| Net Proceeds from Issuance of Long-Term Debt and Capital Securities | View | $187,463,000 | $77,777,000 | $22,090,000 | $20,816,000 | $191,450,000 | $233,437,000 | $207,748,000 | $136,435,000 | $14,027,000 |
| Repayments of Long-Term Debt and Capital Securities | View | $159,883,000 | $66,939,000 | $39,482,000 | $20,142,000 | $202,520,000 | $259,670,000 | $97,295,000 | $126,092,000 | $20,250,000 |
| Net Change Long Term Debt | $2,020,000 | $1,607,000 | ($1,268,000) | |||||||
| Proceeds from Issuance of Common Stock | View | $0 | $151,000 | $422,000 | $964,000 | $0 | $785,000 | $961,000 | $527,000 | $73,691,000 |
| Proceeds from Stock Options Exercised | View | $14,311,000 | $19,503,000 | $14,602,000 | $14,714,000 | $16,926,000 | $480,000 | $2,938,000 | $6,362,000 | $4,964,000 |
| Increase/(Decrease) in Other Equity | $0 | |||||||||
| Repurchase of Common Stock | $211,989,000 | $36,212,000 | $0 | $0 | ||||||
| Payment of Dividends - Minority Interest | $12,000,000 | $0 | $0 | |||||||
| Payment of Dividends | $1,286,000 | |||||||||
| Contributions from - Minority Interest | $2,263,000 | $15,425,000 | $23,190,000 | $24,931,000 | $0 | $0 | ||||
| Cash Provided by/(Used in) Financing Activities - Other | View | ($1,085,000) | $1,335,000 | ($2,682,000) | ||||||
| Net Cash Flows Provided By/(Used In) Financing Activities | View | $40,806,000 | $31,827,000 | ($2,787,000) | $21,797,000 | $30,653,000 | ($212,026,000) | $76,872,000 | $17,232,000 | $71,146,000 |
| Effect of Exchange Rate on Cash and Cash Equivalents | View | $3,765,000 | ($10,026,000) | ($19,538,000) | ($2,923,000) | ($81,000) | ($1,104,000) | ($2,640,000) | $2,507,000 | ($1,263,000) |
| Increase/(Decrease) in Cash and Cash Equivalents | View | ($12,412,000) | $19,130,000 | ($6,297,000) | $2,491,000 | ($14,296,000) | $97,495,000 | ($14,175,000) | $3,352,000 | $11,098,000 |
| Other Changes Increase Decrease Cash Equivalents | ($2,565,000) | $0 | $0 | |||||||
| Cash and cash equivalents at the beginning of the year | View | $117,518,000 | $98,388,000 | $104,685,000 | $102,194,000 | $116,490,000 | $18,995,000 | $33,170,000 | $29,818,000 | $18,720,000 |
| Total Cash and cash equivalents at the end of the year | View | $105,106,000 | $117,518,000 | $98,388,000 | $104,685,000 | $102,194,000 | $116,490,000 | $18,995,000 | $33,170,000 | $29,818,000 |
| Financial Notes: | |
| * | Laureate Education, Inc. fiscal year end: 12/31 |
Charts, Financials, and Statistics (Graphs)
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Laureate Education, Inc. Revenues ($ MM): |
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Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Jun. 2007 | Completed | View | View | Take Private | View |
| Details | Dec. 2011 | Completed | View1 | View | Acquisition | View |
| 1 | The Portugal Institution is...Read More → |
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Public / Private History (PPH™)
| Date | Deal Type | Action | Resulting Status | Valuation | Amount Raised | Public Ticker | |
| Details | Jun. 2007 | View | View | View | View | View | View |
| Details | Jun. 2012 | View | View | View | View | View | View |
Detailed Business Description: Laureate Education, Inc.
Business Model
Laureate Education, Inc. is a for-profit provider of undergraduate, graduate, and doctorate level education. Laureate offers courses both online and in physical campuses around the world with 60 schools worldwide. Unlike most of Laureate Education's United States competitors, Laureate has a large presence in international education markets, especially Latin America. Other locations include schools in Western Europe and Asia.
Laureate Education focuses on marketing its graduate level education, which has a higher lifetime value than the undergraduate offerings of competitors. Another point of attraction is the student exchange offerings that Laureate has built into its global network. Offering an international education in high demand fields allows Laureate to charge a premium over its competitors' prices. Laureate also depends on the reputation of its brand to make students pay for online education.
Revenue
As an international education provider, Laureate gets 20% of… Continue Reading →
Supplemental Resources
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