Cash flow Laureate Education, Inc.

Equities

LAUR

US5186132032

Miscellaneous Educational Service Providers

Market Closed - Nasdaq Other stock markets 01:00:00 2024-11-29 pm EST			5-day change	1st Jan Change
19.00 ^USD	+0.37%		-2.66%	+38.58%

Oct. 31	Laureate Education's Shares Rise After Reporting Q3 Earnings, Revenue Increase	MT
Oct. 31	Laureate Education, Inc., Q3 2024 Earnings Call, Oct 31, 2024

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Published financial data: LAUREATE EDUCATION, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	3.25B	1.02B	1.09B	1.24B	1.48B
Total Revenues	3.25B	1.02B	1.09B	1.24B	1.48B
Cost of Goods Sold, Total	2.14B	598M	610M	776M	937M
Gross Profit	1.11B	427M	477M	466M	548M
Selling General & Admin Expenses, Total	672M	315M	334M	196M	206M
Other Operating Expenses, Total	672M	315M	334M	196M	206M
Operating Income	442M	112M	143M	270M	342M
Interest Expense, Total	-167M	-101M	-46.28M	-16.42M	-20.99M
Interest And Investment Income	12.21M	2.17M	4.38M	7.57M	9.08M
Net Interest Expenses	-155M	-98.72M	-41.9M	-8.85M	-11.9M
Income (Loss) On Equity Invest.	219K	172K	-	258K	171K
Currency Exchange Gains (Loss)	-27.08M	13.47M	13.79M	-17.44M	-75.7M
Other Non Operating Income (Expenses)	16.36M	-28.4M	-26.21M	770K	-325K
EBT, Excl. Unusual Items	276M	-1.16M	88.94M	245M	254M
Restructuring Charges	-115M	-89.65M	-75.42M	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-37.75M	-7.28M	-602K	1.36M	3.57M
Asset Writedown	-470K	-352M	-72.49M	-144K	-3.07M
Insurance Settlements	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-28.27M	-610K	-77.94M	-	-
EBT, Incl. Unusual Items	94.62M	-451M	-138M	246M	255M
Income Tax Expense	80.66M	-130M	146M	185M	138M
Earnings From Continuing Operations	13.96M	-321M	-283M	60.72M	117M
Earnings Of Discontinued Operations	924M	-298M	487M	8.26M	-9.76M
Net Income to Company	938M	-619M	204M	68.98M	107M
Minority Interest	820K	5.37M	-11.34M	595K	323K
Net Income - (IS)	938M	-613M	192M	69.57M	108M
Preferred Dividend and Other Adjustments	208K	-149K	88K	-	-
Net Income to Common Incl Extra Items	938M	-613M	192M	69.57M	108M
Net Income to Common Excl. Extra Items	14.57M	-315M	-295M	61.31M	117M
Per Share Items
Net EPS - Basic	4.23	-2.92	1.01	0.41	0.68
Basic EPS - Continuing Operations	0.07	-1.5	-1.55	0.37	0.75
Basic Weighted Average Shares Outstanding	222M	210M	190M	168M	157M
Net EPS - Diluted	4.23	-2.93	1.01	0.41	0.68
Diluted EPS - Continuing Operations	0.07	-1.51	-1.55	0.36	0.74
Diluted Weighted Average Shares Outstanding	222M	210M	190M	168M	158M
Normalized Basic EPS	0.78	0.02	0.23	0.92	1.01
Normalized Diluted EPS	0.78	0.02	0.23	0.91	1.01
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	634M	195M	244M	329M	412M
EBITA	442M	112M	166M	270M	342M
EBIT	442M	112M	143M	270M	342M
EBITDAR	822M	264M	320M	398M	488M
Effective Tax Rate - (Ratio)	85.24	28.86	-105.87	75.33	54.04
Current Domestic Taxes	-17.49M	-6.39M	48.52M	33.37M	5.49M
Current Foreign Taxes	97.72M	72.66M	148M	153M	188M
Total Current Taxes	80.23M	66.27M	197M	186M	193M
Deferred Domestic Taxes	6.18M	-171M	-61.73M	-4.7M	-
Deferred Foreign Taxes	-5.75M	-25.61M	10.35M	3.79M	-55.86M
Total Deferred Taxes	427K	-196M	-51.39M	-910K	-55.86M
Normalized Net Income	173M	4.64M	44.25M	154M	159M
Interest on Long-Term Debt	70.04M	3.36M	4.09M	3.99M	5.67M
Non-Cash Pension Expense	-138K	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	227M	45.32M	53.63M	61.87M	75.93M
Selling and Marketing Expenses	227M	45.32M	53.63M	61.87M	75.93M
General and Administrative Expenses	252M	200M	204M	64.75M	52.61M
Net Rental Expense, Total	188M	68.72M	75.72M	69.14M	76.38M
Imputed Operating Lease Interest Expense	102M	34.39M	26.9M	14.92M	20.84M
Imputed Operating Lease Depreciation	86.69M	34.32M	48.81M	54.21M	55.54M
Stock-Based Comp., Other (Total)	12.66M	10.25M	8.9M	8.78M	7.11M
Total Stock-Based Compensation	12.66M	10.25M	8.9M	8.78M	7.11M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	340M	750M	325M	85.17M	89.39M
Total Cash And Short Term Investments	340M	750M	325M	85.17M	89.39M
Accounts Receivable, Total	242M	62.04M	55.76M	71.22M	88.6M
Other Receivables	40.77M	64.4M	127M	41.75M	18.73M
Total Receivables	283M	126M	182M	113M	107M
Inventory	-	-	-	-	-
Prepaid Expenses	49.69M	15.08M	16.28M	19.44M	19.28M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	187M	117M	20.77M	8.62M	7.5M
Other Current Assets, Total	83.8M	435M	-	-	889K
Total Current Assets	943M	1.44B	544M	226M	224M
Gross Property Plant And Equipment	3.22B	1.56B	1.41B	1.49B	1.59B
Accumulated Depreciation	-1.15B	-522M	-526M	-576M	-661M
Net Property Plant And Equipment	2.06B	1.04B	884M	913M	934M
Long-term Investments	-	-	-	-	-
Goodwill	1.7B	575M	547M	583M	661M
Other Intangibles, Total	1.12B	227M	143M	152M	169M
Loans Receivable Long-Term	9.88M	1.32M	-	-	-
Deferred Tax Assets Long-Term	125M	131M	38.71M	51.94M	71.43M
Deferred Charges Long-Term	70M	17.62M	5.98M	5.31M	4.98M
Other Long-Term Assets, Total	482M	1.53B	48.79M	40.68M	60.3M
Total Assets	6.52B	4.97B	2.21B	1.97B	2.13B
Liabilities
Accounts Payable, Total	120M	41.07M	26.87M	42.84M	43.24M
Accrued Expenses, Total	397M	160M	156M	136M	166M
Current Portion of Long-Term Debt	114M	90.39M	43.82M	50.01M	46.09M
Current Portion of Leases	96.5M	50.06M	43.41M	45.17M	64.26M
Current Income Taxes Payable	25.5M	29.68M	38.7M	38.74M	40.2M
Unearned Revenue Current, Total	217M	47.18M	43.96M	51.26M	69.35M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	102M	386M	19.15M	17.59M	23.96M
Total Current Liabilities	1.07B	805M	372M	381M	453M
Long-Term Debt	1.17B	853M	64.72M	134M	61.42M
Long-Term Leases	888M	522M	417M	419M	411M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	218M	86.37M	73.62M	89.76M	56.49M
Other Non Current Liabilities	357M	440M	143M	173M	194M
Total Liabilities	3.7B	2.71B	1.07B	1.2B	1.18B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	905K	911K	915K	923K	630K
Additional Paid In Capital	3.72B	3.76B	2.39B	2.2B	1.18B
Retained Earnings	437M	-177M	15.52M	39.24M	41.86M
Treasury Stock	-271M	-365M	-744M	-1.03B	-
Comprehensive Income and Other	-1.07B	-942M	-520M	-442M	-272M
Total Common Equity	2.82B	2.28B	1.14B	776M	950M
Minority Interest	-517K	-11.16M	429K	-471K	-931K
Total Equity	2.82B	2.27B	1.14B	776M	949M
Total Liabilities And Equity	6.52B	4.97B	2.21B	1.97B	2.13B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	209M	199M	179M	157M	158M
ECS Total Common Shares Outstanding	210M	206M	181M	157M	158M
Book Value / Share	13.39	11.06	6.32	4.94	6.03
Tangible Book Value	-7.04M	1.47B	451M	41.09M	119M
Tangible Book Value Per Share	-0.03	7.16	2.5	0.26	0.76
Total Debt	2.26B	1.51B	569M	648M	583M
Net Debt	1.92B	765M	244M	563M	493M
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.55M	6.19M	5.1M	-	-
Debt Equivalent Oper. Leases	1.51B	550M	606M	553M	611M
Minority Interest, Total (Incl. Fin. Div)	-517K	-11.16M	429K	-471K	-931K
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	230M	126M	121M	127M	129M
Buildings, Total	662M	351M	328M	349M	378M
Machinery, Total	953M	494M	459M	494M	556M
Full Time Employees	32K	13K	14K	35K	28.9K
Part Time Employees	18K	9K	10K	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	191M	76.69M	62.23M	61.88M	84.97M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	938M	-613M	192M	69.57M	108M
Depreciation & Amortization - CF	315M	163M	122M	88.53M	103M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	23.07M	-	-
Depreciation & Amortization, Total	315M	163M	145M	88.53M	103M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-796M	-22.76M	-610M	-11.15M	9.6M
Asset Writedown & Restructuring Costs	470K	352M	72.49M	144K	3.07M
Stock-Based Compensation (CF)	12.99M	13.3M	10.17M	8.78M	7.11M
Provision and Write-off of Bad Debts	101M	118M	34.37M	21.97M	43.73M
Net Cash From Discontinued Operations	44.47M	499M	1.27M	-	-
Other Operating Activities, Total	13.06M	-122M	276M	21.2M	20.61M
Change In Accounts Receivable	-163M	-323M	-15.99M	-27.52M	-51.74M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	5.57M	-47.2M	-45.33M	-10.46M	-4.26M
Change in Unearned Revenues	-53.15M	171M	-98.28M	-18.96M	-13.72M
Change In Income Taxes	-36.22M	99.56M	-101M	31.33M	23.3M
Change in Other Net Operating Assets	-42.05M	-28.5M	-17.43M	4.8M	2.62M
Cash from Operations	340M	260M	-156M	178M	251M
Capital Expenditure	-156M	-74.62M	-50.44M	-52.76M	-56.44M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-1.2M	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	11.47M	-	-	-	-
Other Investing Activities, Total	1.26B	662M	2.09B	83.1M	4.52M
Cash from Investing	1.12B	587M	2.04B	30.35M	-51.92M
Long-Term Debt Issued, Total	1.12B	528M	46.49M	496M	154M
Total Debt Issued	1.12B	528M	46.49M	496M	154M
Long-Term Debt Repaid, Total	-2.51B	-705M	-942M	-434M	-243M
Total Debt Repaid	-2.51B	-705M	-942M	-434M	-243M
Issuance of Common Stock	14.01M	25.72M	3.41M	13.22M	2.31M
Repurchase of Common Stock	-266M	-101M	-383M	-284M	-623K
Issuance of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-	-
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Special Dividend Paid	-	-	-1.37B	-253M	-112M
Other Financing Activities, Total	-37.04M	-20.78M	-32.98M	-	-1.43M
Cash from Financing	-1.67B	-273M	-2.68B	-462M	-202M
Foreign Exchange Rate Adjustments	-7.34M	-546K	-14.72M	1.2M	6.64M
Miscellaneous Cash Flow Adjustments	168M	196M	288M	-	-502K
Net Change in Cash	-57.02M	769M	-522M	-252M	3.11M
Supplemental Items
Cash Interest Paid	189M	121M	63.15M	16.75M	20.26M
Cash Income Tax Paid (Refund)	120M	91.37M	251M	154M	171M
Levered Free Cash Flow	341M	-23.82M	259M	283M	317M
Unlevered Free Cash Flow	445M	39.24M	288M	293M	330M
Change In Net Working Capital	2.79M	130M	-94.71M	-80M	-62.68M
Net Debt Issued / Repaid	-1.38B	-177M	-896M	62.55M	-89.67M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.16	1.22	2.49	8.07	10.43
Return on Total Capital	5.61	1.69	3.26	10.78	14.46
Return On Equity %	0.57	-12.62	-16.62	6.33	13.57
Return on Common Equity	0.6	-12.37	-17.23	6.4	13.6
Margin Analysis
Gross Profit Margin %	34.28	41.67	43.91	37.54	36.9
SG&A Margin	20.69	30.71	30.73	15.79	13.87
EBITDA Margin %	19.51	19.07	22.49	26.51	27.72
EBITA Margin %	13.59	10.96	15.31	21.75	23.03
EBIT Margin %	13.59	10.96	13.18	21.75	23.03
Income From Continuing Operations Margin %	0.43	-31.28	-26.05	4.89	7.88
Net Income Margin %	28.87	-59.84	17.71	5.6	7.25
Net Avail. For Common Margin %	0.45	-30.74	-27.1	4.94	7.91
Normalized Net Income Margin	5.34	0.45	4.07	12.37	10.72
Levered Free Cash Flow Margin	10.48	-2.32	23.84	22.79	21.34
Unlevered Free Cash Flow Margin	13.7	3.83	26.5	23.62	22.23
Asset Turnover
Asset Turnover	0.49	0.18	0.3	0.59	0.72
Fixed Assets Turnover	1.95	0.93	1.13	1.38	1.61
Receivables Turnover (Average Receivables)	14.25	16.44	18.45	19.57	18.57
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	0.88	1.79	1.46	0.59	0.5
Quick Ratio	0.58	1.09	1.36	0.52	0.43
Operating Cash Flow to Current Liabilities	0.32	0.32	-0.42	0.47	0.55
Days Sales Outstanding (Average Receivables)	25.61	22.27	19.78	18.65	19.65
Days Outstanding Inventory (Average Inventory)