2019 Q2 Form 10-Q Financial Statement

#000162828019010364 Filed on August 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $370.9M $1.005B
YoY Change -63.1% -1.17%
Cost Of Revenue $707.4M $725.8M
YoY Change -2.54% -22.97%
Gross Profit -$336.4M $279.5M
YoY Change -220.39% 273.29%
Gross Profit Margin -90.7% 27.8%
Selling, General & Admin $54.60M $73.20M
YoY Change -25.41% -19.82%
% of Gross Profit 26.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $49.80M $62.40M
YoY Change -20.19% -6.87%
% of Gross Profit 22.33%
Operating Expenses $54.60M $73.20M
YoY Change -25.41% -19.91%
Operating Profit $51.98M $219.0M
YoY Change -76.27% 11.7%
Interest Expense $41.47M $60.11M
YoY Change -31.02% -39.26%
% of Operating Profit 79.78% 27.45%
Other Income/Expense, Net $7.704M -$91.00K
YoY Change -8565.93% -76.05%
Pretax Income $182.2M $266.5M
YoY Change -31.65% 67.5%
Income Tax $74.56M $92.65M
% Of Pretax Income 40.93% 34.76%
Net Earnings $781.6M $224.4M
YoY Change 248.29% 92.82%
Net Earnings / Revenue 210.71% 22.32%
Basic Earnings Per Share $3.48 $1.37
Diluted Earnings Per Share $3.48 $1.00
COMMON SHARES
Basic Shares Outstanding 224.7M shares 214.9M shares
Diluted Shares Outstanding 224.9M shares 224.4M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $236.4M $402.4M
YoY Change -41.25% 9.59%
Cash & Equivalents $209.8M $249.9M
Short-Term Investments
Other Short-Term Assets $697.3M $833.3M
YoY Change -16.33% -4.8%
Inventory
Prepaid Expenses $98.08M $176.1M
Receivables $354.2M $424.5M
Other Receivables $56.10M $49.80M
Total Short-Term Assets $1.121B $1.272B
YoY Change -11.86% 2.35%
LONG-TERM ASSETS
Property, Plant & Equipment $1.238B $1.794B
YoY Change -30.96% -18.77%
Goodwill $1.737B $1.819B
YoY Change -4.48% -9.98%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $190.0M $240.7M
YoY Change -21.09% 14.89%
Total Long-Term Assets $5.971B $5.659B
YoY Change 5.52% -7.65%
TOTAL ASSETS
Total Short-Term Assets $1.121B $1.272B
Total Long-Term Assets $5.971B $5.659B
Total Assets $7.092B $6.931B
YoY Change 2.33% -5.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $70.91M $72.47M
YoY Change -2.15% -12.56%
Accrued Expenses $231.8M $279.7M
YoY Change -17.12% -10.97%
Deferred Revenue $283.8M $352.0M
YoY Change -19.37%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $150.4M $182.4M
YoY Change -17.54% -47.24%
Total Short-Term Liabilities $1.205B $1.252B
YoY Change -3.71% -11.54%
LONG-TERM LIABILITIES
Long-Term Debt $1.222B $2.756B
YoY Change -55.66% -16.27%
Other Long-Term Liabilities $169.6M $283.4M
YoY Change -40.14% 0.49%
Total Long-Term Liabilities $1.740B $3.471B
YoY Change -49.85% -18.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.205B $1.252B
Total Long-Term Liabilities $1.740B $3.471B
Total Liabilities $3.972B $4.802B
YoY Change -17.29% -15.22%
SHAREHOLDERS EQUITY
Retained Earnings $470.9M -$548.6M
YoY Change -185.83% -47.46%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.118B $2.125B
YoY Change
Total Liabilities & Shareholders Equity $7.092B $6.931B
YoY Change 2.33% -5.96%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $781.6M $224.4M
YoY Change 248.29% 92.82%
Depreciation, Depletion And Amortization $49.80M $62.40M
YoY Change -20.19% -6.87%
Cash From Operating Activities $54.70M $40.40M
YoY Change 35.4% -123.86%
INVESTING ACTIVITIES
Capital Expenditures -$30.50M -$49.50M
YoY Change -38.38% -0.4%
Acquisitions
YoY Change
Other Investing Activities $838.8M $11.10M
YoY Change 7456.76% -298.21%
Cash From Investing Activities $808.3M -$38.40M
YoY Change -2204.95% -30.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -946.5M -24.10M
YoY Change 3827.39% -91.26%
NET CHANGE
Cash From Operating Activities 54.70M 40.40M
Cash From Investing Activities 808.3M -38.40M
Cash From Financing Activities -946.5M -24.10M
Net Change In Cash -83.50M -22.10M
YoY Change 277.83% -95.58%
FREE CASH FLOW
Cash From Operating Activities $54.70M $40.40M
Capital Expenditures -$30.50M -$49.50M
Free Cash Flow $85.20M $89.90M
YoY Change -5.23% -175.17%

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Land
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532782000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
425350000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
423726000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
781592000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
224412000 USD
us-gaap Net Income Loss
NetIncomeLoss
972835000 USD
us-gaap Net Income Loss
NetIncomeLoss
393291000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
236412000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
388490000 USD
CY2019Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
187166000 USD
CY2018Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
306372000 USD
CY2019Q2 us-gaap Other Assets Current
OtherAssetsCurrent
697281000 USD
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1126244000 USD
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
522271000 USD
CY2019Q2 us-gaap Assets Current
AssetsCurrent
1120859000 USD
CY2018Q4 us-gaap Assets Current
AssetsCurrent
1217133000 USD
CY2019Q2 us-gaap Goodwill
Goodwill
1737455000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
1707089000 USD
CY2019Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1134648000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2076000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25429000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
937884000 USD
CY2019Q2 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
493859000 USD
CY2018Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
1031459000 USD
CY2019Q2 laur Other Assets Noncurrent Excluding Intangible Assets And Goodwill
OtherAssetsNoncurrentExcludingIntangibleAssetsAndGoodwill
1665007000 USD
CY2018Q4 laur Other Assets Noncurrent Excluding Intangible Assets And Goodwill
OtherAssetsNoncurrentExcludingIntangibleAssetsAndGoodwill
1662282000 USD
CY2019Q2 us-gaap Assets
Assets
7091788000 USD
CY2018Q4 us-gaap Assets
Assets
6769636000 USD
CY2019Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
139162000 USD
CY2018Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
308391000 USD
CY2019Q2 laur Liabilities Current Excluding Disposal Group Including Discontinued Operation
LiabilitiesCurrentExcludingDisposalGroupIncludingDiscontinuedOperation
1066324000 USD
CY2018Q4 laur Liabilities Current Excluding Disposal Group Including Discontinued Operation
LiabilitiesCurrentExcludingDisposalGroupIncludingDiscontinuedOperation
881696000 USD
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
862369000 USD
CY2019Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
163859000 USD
CY2018Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
354293000 USD
CY2019Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1740498000 USD
CY2018Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
3159914000 USD
CY2019Q2 us-gaap Liabilities
Liabilities
3972212000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
4704294000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3107083000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2050946000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
3118214000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
2061079000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
937884000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
958066000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
13000000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1001802000 USD
CY2019Q2 laur Revenue Components As Percent Of Total Revenue
RevenueComponentsAsPercentOfTotalRevenue
1
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1017196000 USD
CY2018Q2 laur Revenue Components As Percent Of Total Revenue
RevenueComponentsAsPercentOfTotalRevenue
1
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1623598000 USD
laur Revenue Components As Percent Of Total Revenue
RevenueComponentsAsPercentOfTotalRevenue
1
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1649412000 USD
laur Revenue Components As Percent Of Total Revenue
RevenueComponentsAsPercentOfTotalRevenue
1
CY2019Q2 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
531390000 USD
CY2018Q4 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
399322000 USD
CY2019Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
283763000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
193226000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
162000000 USD
laur Number Of Discontinued Vie Institutions
NumberOfDiscontinuedVIEInstitutions
2 institution
CY2019Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
681025000 USD
CY2018Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
1337831000 USD
CY2019Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
303021000 USD
CY2018Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
662684000 USD
CY2019Q2 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
35865000 USD
CY2018Q4 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
45391000 USD
CY2019Q2 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
14239000 USD
CY2018Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
23820000 USD
CY2019Q2 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
21626000 USD
CY2018Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
21571000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
6 segment
CY2019Q2 us-gaap Revenues
Revenues
1001802000 USD
CY2018Q2 us-gaap Revenues
Revenues
1017196000 USD
us-gaap Revenues
Revenues
1623598000 USD
us-gaap Revenues
Revenues
1649412000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
178624000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
266535000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
33254000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
77841000 USD
CY2019Q2 us-gaap Assets
Assets
7091788000 USD
CY2018Q4 us-gaap Assets
Assets
6769636000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
1707089000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1337000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
29029000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
0 USD
CY2019Q2 us-gaap Goodwill
Goodwill
1737455000 USD
CY2019Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
5039000 BRL
CY2019Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1337000 USD
CY2019Q2 laur Finance Lease Liability And Sale Lease Back Financing
FinanceLeaseLiabilityAndSaleLeaseBackFinancing
83110000 USD
CY2018Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
119642000 USD
CY2019Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1429467000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2783692000 USD
CY2019Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
71198000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
88241000 USD
CY2019Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
136127000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
101866000 USD
CY2019Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1222142000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2593585000 USD
CY2019Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
35000000 USD
CY2019Q1 us-gaap Notes Payable
NotesPayable
51700000 USD
CY2019Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-15595000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-26217000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
937884000 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
35128000 USD
CY2019Q2 laur Lease Right Of Use Asset
LeaseRightOfUseAsset
973012000 USD
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
95697000 USD
CY2019Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3805000 USD
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
862369000 USD
CY2019Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
34252000 USD
CY2019Q2 laur Lease Liability
LeaseLiability
996123000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y6M
CY2019Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y6M
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0950
CY2019Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0920
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
44798000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
90514000 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1492000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2638000 USD
CY2019Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
856000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1477000 USD
CY2019Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1313000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1990000 USD
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
2725000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
6573000 USD
CY2019Q2 us-gaap Sublease Income
SubleaseIncome
1252000 USD
us-gaap Sublease Income
SubleaseIncome
2211000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
49932000 USD
us-gaap Lease Cost
LeaseCost
100981000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
178746000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
6999000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
170477000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
6291000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
159700000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
5839000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
150842000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
5740000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
141027000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
4430000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
632804000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
30151000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1433596000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
59450000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
475530000 USD
CY2019Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
21393000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
958066000 USD
CY2019Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
38057000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
94909000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1477000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1886000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
14499000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12252000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
151795000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
142995000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
135426000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
128441000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
119955000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
482220000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1160832000 USD
laur Increase Decrease From Non Income Tax Contingencies
IncreaseDecreaseFromNonIncomeTaxContingencies
-4609000 USD
laur Increase Decrease From Non Income Tax Contingencies
IncreaseDecreaseFromNonIncomeTaxContingencies
928000 USD
CY2019Q2 us-gaap Business Combination Indemnification Assets Amount As Of Acquisition Date
BusinessCombinationIndemnificationAssetsAmountAsOfAcquisitionDate
79952000 USD
CY2018Q4 us-gaap Business Combination Indemnification Assets Amount As Of Acquisition Date
BusinessCombinationIndemnificationAssetsAmountAsOfAcquisitionDate
82061000 USD
CY2019Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
36217000 USD
CY2018Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
16531000 USD
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6371000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6395000 USD
CY2019Q2 us-gaap Notes Receivable Net
NotesReceivableNet
29846000 USD
CY2018Q4 us-gaap Notes Receivable Net
NotesReceivableNet
10136000 USD
us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
0 USD
us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
Delinquency is the primary indicator of credit quality for our financing receivables. Receivable balances are considered delinquent when contractual payments on the loan become past due. Delinquent financing receivables are placed on non-accrual status for interest income. The accrual of interest is resumed when the financing receivable becomes contractually current and when collection of all remaining amounts due is reasonably assured. We record an Allowance for doubtful accounts to reduce our financing receivables to their net realizable value. The Allowance for doubtful accounts is based on the age of the receivables, the status of past-due amounts, historical collection trends, current economic conditions, and student enrollment status. Each of our institutions evaluates its balances for potential impairment. We consider impaired loans to be those that are past due one year or greater, and those that are modified as a troubled debt restructuring (TDR).
CY2019Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
14250000 USD
CY2019Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
21967000 USD
CY2019Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
36217000 USD
CY2018Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
11333000 USD
CY2018Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
5198000 USD
CY2018Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
16531000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6395000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1566000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0 USD
laur Financing Receivable Allowance For Credit Losses Reclassifications
FinancingReceivableAllowanceForCreditLossesReclassifications
0 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1406000 USD
laur Financing Receivable Allowance For Credit Losses Currency Translation Adjustments
FinancingReceivableAllowanceForCreditLossesCurrencyTranslationAdjustments
-136000 USD
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6371000 USD
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6472000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
944000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0 USD
laur Financing Receivable Allowance For Credit Losses Reclassifications
FinancingReceivableAllowanceForCreditLossesReclassifications
0 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
677000 USD
laur Financing Receivable Allowance For Credit Losses Currency Translation Adjustments
FinancingReceivableAllowanceForCreditLossesCurrencyTranslationAdjustments
164000 USD
CY2018Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6041000 USD
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
327 loan
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
1100000 USD
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
980000 USD
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
326 loan
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
1092000 USD
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
1036000 USD
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
174 loan
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
431000 USD
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
104 loan
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
351000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4854000 USD
CY2018Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7688000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8004000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3931000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2050946000 USD
CY2018Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
28944000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
2079890000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3149000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-1420000 USD
CY2019Q1 laur Noncontrolling Interest Increase From Distributions From Noncontrolling Interest Holders
NoncontrollingInterestIncreaseFromDistributionsFromNoncontrollingInterestHolders
-625000 USD
CY2019Q1 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
-224000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
194265000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
49551000 USD
CY2019Q1 laur Other Comprehensive Income Loss Cash Flow And Investment Hedge Before Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowAndInvestmentHedgeBeforeReclassificationBeforeTax
2609000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2327906000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4854000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
170000 USD
CY2019Q2 laur Noncontrolling Interest Increase From Distributions From Noncontrolling Interest Holders
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