| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | ||||||||||||||||
528,557 | 883,152 | 773,699 | 1,001,802 | 601,072 | 913,710 | 778,255 | 1,017,196 | 632,216 | 381,100 | 818,601 | 1,277,439 | 855,933 | 233,565 | 929,855 | 1,231,910 | 906,534 |
Costs and expenses: | ||||||||||||||||
Direct costs | ||||||||||||||||
588,987 | 656,510 | 655,627 | 720,230 | 639,190 | 628,191 | 665,549 | 725,774 | 677,535 | 251,105 | 728,743 | 942,246 | 853,232 | 90,871 | 864,203 | 963,794 | 869,823 |
General and administrative expenses | ||||||||||||||||
52,937 | 58,521 | 72,342 | 67,405 | 53,911 | 105,080 | 73,680 | 73,202 | 47,302 | 93,562 | 64,999 | 91,343 | 65,567 | 63,930 | 53,150 | 57,548 | 47,868 |
Loss on impairment of assets | ||||||||||||||||
3,768 | - | 0 | 470 | 0 | - | 10,030 | 0 | - | - | 0 | - | - | - | - | - | - |
Operating loss | ||||||||||||||||
-117,135 | 155,254 | 45,730 | 213,697 | -92,029 | 139,807 | 28,996 | 218,220 | -92,621 | 29,312 | 24,859 | 243,850 | -62,866 | 78,764 | 12,502 | 210,568 | -11,157 |
Interest income | ||||||||||||||||
2,667 | 2,658 | 3,154 | 2,844 | 3,553 | 2,498 | 3,502 | 2,588 | 3,268 | -966 | 3,677 | 4,460 | 4,694 | 1,109 | 3,437 | 4,062 | 5,806 |
Interest expense | ||||||||||||||||
36,110 | 30,892 | 40,319 | 41,467 | 54,653 | 53,450 | 58,319 | 60,110 | 63,335 | 64,202 | 69,103 | 98,962 | 102,633 | 76,008 | 104,781 | 105,833 | 103,769 |
Loss on debt extinguishment | ||||||||||||||||
0 | -1,850 | -200 | -15,595 | -10,622 | 0 | 0 | 0 | -7,481 | 33 | 5 | -6,915 | -1,515 | 0 | -15,682 | -1,681 | 0 |
Gain on derivatives | ||||||||||||||||
802 | -822 | 284 | 2,632 | 5,183 | -3,820 | -144 | 111,596 | -19,340 | 9,469 | -19,930 | 26,970 | 12,147 | 2,151 | 516 | 1,999 | -10,750 |
Other (expense) income, net | ||||||||||||||||
-102 | 91 | 1,038 | 7,696 | 397 | 1,408 | 8,312 | -91 | 2,597 | -1,170 | -778 | -380 | 436 | 1,421 | 353 | -1,276 | -41 |
Foreign currency exchange gain (loss), net | ||||||||||||||||
35,944 | -16,375 | -14,777 | 8,817 | -4,746 | 11,329 | -26,443 | -5,668 | -11,782 | 4,043 | 6,624 | -9,726 | 2,290 | -2,964 | 26,329 | 26,252 | 27,682 |
Gain on disposal of subsidiaries, net | ||||||||||||||||
2,729 | - | -1,474 | - | 0 | - | 0 | - | - | - | - | -172 | 0 | - | 155,151 | 243,261 | - |
Loss from continuing operations before income taxes and equity in net income of affiliates | ||||||||||||||||
-111,205 | 75,255 | -6,564 | 178,624 | -152,917 | 87,494 | -44,096 | 266,535 | -188,694 | -33,794 | -54,651 | 159,125 | -147,447 | 4,142 | 77,825 | 377,352 | -92,229 |
Income tax benefit | ||||||||||||||||
-235,102 | 20,199 | 21,962 | 74,343 | -35,848 | 65,919 | -3,743 | 92,654 | -23,059 | -120,453 | 12,530 | 42,028 | -27,094 | -806 | -3,105 | 28,393 | 9,958 |
Equity in net income of affiliates, net of tax | ||||||||||||||||
185 | 0 | 0 | 219 | 0 | - | - | 0 | - | - | - | 1 | - | 70 | 0 | 279 | -259 |
Income (loss) from continuing operations | ||||||||||||||||
124,082 | 51,736 | -28,526 | 104,500 | -117,069 | 30,819 | -40,353 | 173,881 | -165,635 | - | -67,181 | - | - | - | - | - | - |
(Loss) income from discontinued operations, net of tax expense of $1,482 and $10,141, respectively | ||||||||||||||||
-3,804 | -12,531 | -27,137 | 33,600 | 63,329 | 56,621 | -37,905 | 38,072 | 18,853 | - | -36,309 | - | - | - | - | - | - |
(Loss) gain on sales of discontinued operations, net of tax | ||||||||||||||||
-21,962 | 21,372 | -41,131 | 641,516 | 248,005 | -15,324 | -18,426 | 12,003 | 318,327 | - | 0 | - | - | - | - | - | - |
Net income | ||||||||||||||||
98,316 | 60,577 | -96,794 | 779,616 | 194,265 | 72,113 | -96,684 | 223,956 | 171,545 | 200,509 | -103,490 | 117,098 | -120,353 | 38,464 | 80,930 | 349,238 | -102,446 |
Net loss (income) attributable to noncontrolling interests | ||||||||||||||||
-1,299 | -298 | -1,568 | -1,976 | 3,022 | 548 | -1,895 | -456 | 2,666 | 4,664 | -5,531 | 712 | 2,454 | -2,844 | -5,387 | 1,849 | 721 |
Net income (loss) attributable to Laureate Education, Inc. | ||||||||||||||||
99,615 | 60,875 | -95,226 | 781,592 | 191,243 | 71,568 | -94,789 | 224,412 | 168,879 | 195,845 | -97,959 | 116,386 | -122,807 | 41,308 | 86,317 | 347,389 | -103,167 |
Accretion of Series A convertible redeemable preferred stock and other redeemable noncontrolling interests and equity | ||||||||||||||||
- | 472 | 193 | -194 | - | 1,422 | -324 | 4,324 | 57,403 | 106,349 | 84,060 | 69,212 | 38,876 | 4,773 | -2,160 | 438 | -1,514 |
Gain upon conversion of Series A convertible redeemable preferred stock | ||||||||||||||||
- | - | - | 0 | - | 0 | - | 74,110 | - | - | - | 0 | - | - | - | - | - |
Net income (loss) available to common stockholders | ||||||||||||||||
- | 60,403 | -95,419 | 781,786 | - | 70,146 | -94,465 | 294,198 | 111,476 | 89,496 | -182,019 | 47,174 | -161,683 | 36,535 | 88,477 | 346,951 | -101,653 |
Basic and diluted earnings (loss) per share: | ||||||||||||||||
Income (loss) from continuing operations (in dollars per share) | ||||||||||||||||
0.59 | - | -0.13 | - | -0.52 | - | -0.18 | - | -1.20 | - | -0.82 | - | - | - | - | - | - |
(Loss) income from discontinued operations (in dollars per share) | ||||||||||||||||
-0.12 | - | - | - | 1.37 | - | - | - | - | - | - | - | - | - | - | - | - |
Loss from discontinued operations (in dollars per share) | ||||||||||||||||
- | - | -0.30 | - | - | - | -0.24 | - | 1.79 | - | -0.20 | - | - | - | - | - | - |
Basic and diluted loss per share (in dollars per share) | ||||||||||||||||
0.47 | - | -0.43 | - | 0.85 | - | -0.42 | - | 0.59 | - | -1.02 | - | - | - | - | - | -0.76 |
Basic earnings (loss) per share: | ||||||||||||||||
Income (loss) from continuing operations (in dollars per share) | ||||||||||||||||
- | 0.24 | - | 0.48 | - | 0.13 | - | 1.14 | - | - | - | - | - | - | - | - | - |
Income from discontinued operations (in dollars per share) | ||||||||||||||||
- | 0.04 | - | 3.00 | - | 0.18 | - | 0.23 | - | - | - | - | - | - | - | - | - |
Basic earnings (loss) per share (in dollars per share) | ||||||||||||||||
- | 0.28 | - | 3.48 | - | 0.31 | - | 1.37 | - | 0.57 | -1.00 | 0.28 | -1.05 | - | 0.66 | 2.60 | - |
Diluted earnings (loss) per share: | ||||||||||||||||
Income (loss) from continuing operations (in dollars per share) | ||||||||||||||||
- | 0.24 | - | 0.48 | - | 0.13 | - | 0.78 | - | - | - | - | - | - | - | - | - |
Income from discontinued operations (in dollars per share) | ||||||||||||||||
- | 0.04 | - | 3.00 | - | 0.18 | - | 0.22 | - | - | - | - | - | - | - | - | - |
Diluted earnings (loss) per share (in dollars per share) | ||||||||||||||||
- | 0.28 | - | 3.48 | - | 0.31 | - | 1.00 | - | 0.57 | -1.00 | 0.28 | -1.05 | - | 0.66 | 2.59 | - |