| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Revenues | ||||||
3,250,326 | 3,290,213 | 3,333,073 | 3,301,864 | 3,399,774 | ||
Costs and expenses: | ||||||
Direct costs | ||||||
2,671,557 | 2,697,049 | 2,775,326 | 2,788,691 | 2,946,016 | ||
General and administrative expenses | ||||||
252,179 | 299,264 | 315,471 | 222,496 | 194,686 | ||
Loss on impairment of assets | ||||||
470 | 10,030 | 7,121 | 0 | 0 | ||
Operating loss | ||||||
326,120 | 283,870 | 235,155 | 290,677 | 259,072 | ||
Interest income | ||||||
12,209 | 11,856 | 11,865 | 14,414 | 9,474 | ||
Interest expense | ||||||
167,331 | 235,214 | 334,900 | 390,391 | 367,284 | ||
Loss on debt extinguishment | ||||||
-28,267 | -7,481 | -8,392 | -17,363 | -1,263 | ||
Gain on derivatives | ||||||
7,277 | 88,292 | 28,656 | -6,084 | -2,607 | ||
Other (expense) income, net | ||||||
9,222 | 12,226 | -1,892 | 457 | -423 | ||
Foreign currency exchange gain (loss), net | ||||||
-27,081 | -32,564 | 3,231 | 77,299 | -128,299 | ||
Gain on disposal of subsidiaries, net | ||||||
-37,751 | 254 | -10,490 | 398,081 | 0 | ||
Loss from continuing operations before income taxes and equity in net income of affiliates | ||||||
94,398 | 121,239 | -76,767 | 367,090 | -231,330 | ||
Income tax benefit | ||||||
80,656 | 131,771 | -92,989 | 34,440 | 95,364 | ||
Equity in net income of affiliates, net of tax | ||||||
219 | -2 | 152 | 90 | 2,495 | ||
Income (loss) from continuing operations | ||||||
13,961 | -10,534 | 16,374 | 332,740 | -324,199 | ||
(Loss) income from discontinued operations, net of tax expense of $1,482 and $10,141, respectively | ||||||
53,941 | 84,884 | 77,390 | 33,446 | 8,354 | ||
(Loss) gain on sales of discontinued operations, net of tax | ||||||
869,762 | 296,580 | 0 | 0 | - | ||
Net income | ||||||
937,664 | 370,930 | 93,764 | 366,186 | -315,845 | ||
Net loss (income) attributable to noncontrolling interests | ||||||
-820 | 863 | 2,299 | -5,661 | 403 | ||
Net income (loss) attributable to Laureate Education, Inc. | ||||||
938,484 | 370,067 | 91,465 | 371,847 | -316,248 | ||
Accretion of Series A convertible redeemable preferred stock and other redeemable noncontrolling interests and equity | ||||||
208 | 62,825 | 298,497 | 1,537 | 6,173 | ||
Gain upon conversion of Series A convertible redeemable preferred stock | ||||||
0 | 74,110 | 0 | 0 | - | ||
Net income (loss) available to common stockholders | ||||||
938,276 | 381,352 | -207,032 | 370,310 | -322,421 | ||
Basic earnings (loss) per share: | ||||||
Income (loss) from continuing operations (in dollars per share) | ||||||
0.06 | 0.00 | -1.64 | 2.50 | -2.49 | ||
Income from discontinued operations (in dollars per share) | ||||||
4.17 | 1.79 | 0.44 | 0.28 | 0.05 | ||
Basic earnings (loss) per share (in dollars per share) | ||||||
4.23 | 1.79 | -1.20 | 2.78 | -2.44 | ||
Diluted earnings (loss) per share: | ||||||
Income (loss) from continuing operations (in dollars per share) | ||||||
0.06 | -0.06 | -1.64 | 2.48 | -2.49 | ||
Income from discontinued operations (in dollars per share) | ||||||
4.16 | 1.79 | 0.44 | 0.28 | 0.05 | ||
Diluted earnings (loss) per share (in dollars per share) | ||||||
4.22 | 1.73 | -1.20 | 2.76 | -2.44 | ||