Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Consolidating Financial Information Disclosure [Abstract]

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME



	For the Year Ended December 31, 2013
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	494,631		$	1,218,835		$	219,871		$	(411,263	)	$	1,522,074
Operating expenses	410,270			950,605			175,253			(411,263		)	1,124,865
Depreciation and amortization	24,355			65,524			4,785			—			94,664
General and administrative expenses	36,336			64,573			16,152			—			117,061
Operating income	23,670			138,133			23,681			—			185,484
Interest income	25,275			1,960			2,566			(26,477		)	3,324
Interest expense	(41,121		)	(59,518		)	(8,842		)	26,477			(83,004		)
Loss on extinguishment of debt	(2,601		)	(18,056		)	—			—			(20,657		)
Income before income taxes, equity in earnings of affiliates, and discontinued operations	5,223			62,519			17,405			—			85,147
Provision (benefit) for Income Taxes	(34,835		)	4,454			4,331			—			(26,050		)
Equity in earnings of affiliates, net of income tax provision	—			—			6,265			—			6,265
Income from continuing operations before equity in income of consolidated subsidiaries	40,058			58,065			19,339			—			117,462
Income from consolidated subsidiaries, net of income tax provision	77,404			—			—			(77,404		)	—
Income from continuing operations	117,462			58,065			19,339			(77,404		)	117,462
Net loss from discontinued operations	(2,265		)	—						—			(2,265		)
Net income	115,197			58,065			19,339			(77,404		)	115,197
Less: income attributable to noncontrolling interests	—			—			(62		)	$	—		(62		)
Net income attributable to The GEO Group, Inc.	$	115,197		$	58,065		$	19,277		$	(77,404	)	$	115,135
Net income	$	115,197		$	58,065		$	19,339		$	(77,404	)	$	115,197
Other comprehensive income (loss), net of tax	—			914			(8,113		)	—			(7,199		)
Total comprehensive income	$	115,197		$	58,979		$	11,226		$	(77,404	)	$	107,998
Comprehensive loss attributable to noncontrolling interests	—			—			38			—			38
Comprehensive income attributable to The GEO Group, Inc.	$	115,197		$	58,979		$	11,264		$	(77,404	)	$	108,036

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME



	For the Fiscal Year Ended December 31, 2012
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	605,091		$	721,949		$	230,261		$	(78,239	)	$	1,479,062
Operating expenses	529,318			451,564			186,589			(78,239		)	1,089,232
Depreciation and amortization	29,521			54,719			7,445			—			91,685
General and administrative expenses	44,214			52,753			16,825			—			113,792
Operating income	2,038			162,913			19,402			—			184,353
Interest income	32,580			1,713			6,122			(33,699		)	6,716
Interest expense	(68,737		)	(33,204		)	(13,947		)	33,699			(82,189		)
Loss on extinguishment of debt	—			(8,462		)	—			—			(8,462		)
Income before income taxes, equity in earnings of affiliates, and discontinued operations	(34,119		)	122,960			11,577			—			100,418
Provision (benefit) for income taxes	(11,303		)	(31,352		)	2,093			—			(40,562		)
Equity in earnings of affiliates, net of income tax provision	—			—			3,578			—			3,578
Income (loss) from continuing operations before equity in income of consolidated subsidiaries	(22,816		)	154,312			13,062			—			144,558
Income from consolidated subsidiaries, net of income tax provision	167,374			—			—			(167,374		)	—
Income from continuing operations	144,558			154,312			13,062			(167,374		)	144,558
Net income (loss) from discontinued operations	(10,660		)	(5,942		)	447			5,495			(10,660		)
Net income	133,898			148,370			13,509			(161,879		)	133,898
Less: loss attributable to noncontrolling interests	$	—		$	—		$	852		$	—		$	852
Net income attributable to The GEO Group, Inc.	$	133,898		$	148,370		$	14,361		$	(161,879	)	$	134,750
Net income	$	133,898		$	148,370		$	13,509		$	(161,879	)	$	133,898
Other comprehensive income (loss), net of tax	(461		)	—			1,085			—			624
Total comprehensive income	$	133,437		$	148,370		$	14,594		$	(161,879	)	$	134,522
Comprehensive loss attributable to noncontrolling interests	—			—			968			—			968
Comprehensive income attributable to The GEO Group, Inc.	$	133,437		$	148,370		$	15,562		$	(161,879	)	$	135,490

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME



	For the Fiscal Year ended January 1, 2012
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	556,163		$	717,926		$	220,352		$	(87,269	)	$	1,407,172
Operating expenses	503,355			448,057			171,867			(87,269		)	1,036,010
Depreciation and amortization	20,615			53,458			7,475			—			81,548
General and administrative expenses	39,445			55,698			14,872			—			110,015
Operating income	(7,252		)	160,713			26,138			—			179,599
Interest income	29,087			2,608			6,462			(31,125		)	7,032
Interest expense	(61,447		)	(30,720		)	(14,336		)	31,125			(75,378		)
Income (loss) before income taxes, equity in earnings of affiliates, and discontinued operations	(39,612		)	132,601			18,264			—			111,253
Provision (benefit) for income taxes	(15,158		)	51,518			6,812			—			43,172
Equity in earnings of affiliates, net of income tax provision	—			—			1,563			—			1,563
Income (loss) from continuing operations before equity in income of consolidated subsidiaries	(24,454		)	81,083			13,015			—			69,644
Income from consolidated subsidiaries, net of income tax provision	94,098			—			—			(94,098		)	—
Income from continuing operations	69,644			81,083			13,015			(94,098		)	69,644
Net income from discontinued operations	7,819			6,329			473			(6,802		)	7,819
Net income	77,463			87,412			13,488			(100,900		)	77,463
Less: loss attributable to noncontrolling interests	$	—		$	—		$	1,162		$	—		$	1,162
Net income attributable to The GEO Group, Inc.	$	77,463		$	87,412		$	14,650		$	(100,900	)	$	78,625
Net income	$	77,463		$	87,412		$	13,488		$	(100,900	)	$	77,463
Other comprehensive loss, net of tax	(1,131		)	—			(7,122		)	—			(8,253		)
Total comprehensive income	$	76,332		$	87,412		$	6,366		$	(100,900	)	$	69,210
Comprehensive loss attributable to noncontrolling interests	—			—			1,274			—			1,274
Comprehensive income attributable to The GEO Group, Inc.	$	76,332		$	87,412		$	7,640		$	(100,900	)	$	70,484

CONDENSED CONSOLIDATING BALANCE SHEET



	As of December 31, 2013
	The GEO Group, Inc.			Combined Subsidiary Guarantors		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(Dollars in thousands)
ASSETS
Cash and cash equivalents	$	30,730		$	985	$	20,410	$	—		$	52,125
Restricted cash and investments	—			—		11,518		—			11,518
Accounts receivable, less allowance for doubtful accounts	84,087			149,239		17,204		—			250,530
Current deferred income tax assets, net	—			19,236		1,700		—			20,936
Prepaid expenses and other current assets	17,834			21,032		11,524		(1,154		)	49,236
Total current assets	132,651			190,492		62,356		(1,154		)	384,345
Restricted Cash and Investments	167			11,158		7,024		—			18,349
Property and Equipment, Net	686,005			956,724		85,069		—			1,727,798
Direct Finance Lease Receivable	—			—		16,944		—			16,944
Intercompany Receivable	947,916			123,237		—		(1,071,153		)	—
Non-Current Deferred Income Tax Assets	—			—		4,821		—			4,821
Goodwill	34			489,501		661		—			490,196
Intangible Assets, Net	—			162,160		1,240		—			163,400
Investment in Subsidiaries	898,333			421,218		—		(1,319,551		)	—
Other Non-Current Assets	23,346			104,241		35,615		(79,691		)	83,511
Total Assets	$	2,688,452		$	2,458,731	$	213,730	$	(2,471,549	)	$	2,889,364
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	$	29,866		$	13,895	$	3,525	$	—		$	47,286
Accrued payroll and related taxes	207			23,470		15,049		—			38,726
Accrued expenses	26,963			74,645		14,496		(1,154		)	114,950
Current portion of capital lease obligations, long-term debt and non-recourse debt	3,000			1,185		17,978		—			22,163
Total current liabilities	60,036			113,195		51,048		(1,154		)	223,125
Non-Current Deferred Income Tax Liabilities	(120		)	14,792		17		—			14,689
Intercompany Payable	114,208			942,666		14,279		(1,071,153		)	—
Other Non-Current Liabilities	5,270			138,743		639		(79,691		)	64,961
Capital Lease Obligations	—			10,924		—		—			10,924
Long-Term Debt	1,485,536			—		—		—			1,485,536
Non-Recourse Debt	—			—		66,153		—			66,153
Commitments & Contingencies
Shareholders' Equity:
Total shareholders’ equity attributable to The GEO Group, Inc.	1,023,522			1,238,411		81,140		(1,319,551		)	1,023,522
Noncontrolling Interests	—			—		454		—			454
Total Shareholders’ Equity	1,023,522			1,238,411		81,594		(1,319,551		)	1,023,976
Total Liabilities and Shareholders' Equity	$	2,688,452		$	2,458,731	$	213,730	$	(2,471,549	)	$	2,889,364

CONDENSED CONSOLIDATING BALANCE SHEET



	As of December 31, 2012
	The GEO Group, Inc.		Combined Subsidiary Guarantors		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(Dollars in thousands)
ASSETS
Cash and cash equivalents	$	4,764	$	1,917	$	25,074	$	—		$	31,755
Restricted cash and investments	—		—		15,654		—			15,654
Accounts receivable, less allowance for doubtful accounts	124,670		102,704		19,261		—			246,635
Current deferred income tax assets, net	13,106		1,498		3,686		—			18,290
Prepaid expenses and other current assets	8,657		5,890		11,456		(1,154		)	24,849
Total current assets	151,197		112,009		75,131		(1,154		)	337,183
Restricted Cash and Investments	7,953		—		24,803		—			32,756
Property and Equipment, Net	633,458		939,995		113,706		—			1,687,159
Assets Held for Sale	—		3,243		—		—			3,243
Direct Finance Lease Receivable	—		—		26,757		—			26,757
Intercompany Receivable	591,273		14,305		—		(605,578		)	—
Non-Current Deferred Income Tax Assets	16,230		—		2,532		(16,230		)	2,532
Goodwill	34		489,502		772		—			490,308
Intangible Assets, Net	—		176,666		1,652		—			178,318
Investment in Subsidiaries	1,151,998		41,356		—		(1,193,354		)	—
Other Non-Current Assets	38,574		84,931		36,584		(79,151		)	80,938
Total Assets	$	2,590,717	$	1,862,007	$	281,937	$	(1,895,467	)	$	2,839,194
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	$	29,889	$	17,407	$	2,814	$	—		$	50,110
Accrued payroll and related taxes	4,774		16,264		18,284		—			39,322
Accrued expenses	94,350		5,515		17,846		(1,154		)	116,557
Current portion of capital lease obligations, long-term debt and non-recourse debt	33,925		1,311		18,646		—			53,882
Total current liabilities	162,938		40,497		57,590		(1,154		)	259,871
Non-Current Deferred Income Tax Liabilities	—		31,933		—		(16,230		)	15,703
Intercompany Payable	—		586,428		19,150		(605,578		)	—
Other Non-Current Liabilities	63,657		96,822		697		(79,151		)	82,025
Capital Lease Obligations	—		11,926		—		—			11,926
Long-Term Debt	1,317,310		219		—		—			1,317,529
Non-Recourse Debt	—		—		104,836		—			104,836
Commitments & Contingencies
Shareholders' Equity:
Total shareholders’ equity attributable to The GEO Group, Inc.	1,046,812		1,094,182		99,172		(1,193,354		)	1,046,812
Noncontrolling Interests	—		—		492		—			492
Total Shareholders’ Equity	1,046,812		1,094,182		99,664		(1,193,354		)	1,047,304
Total Liabilities and Shareholders' Equity	$	2,590,717	$	1,862,007	$	281,937	$	(1,895,467	)	$	2,839,194

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS



	For the Year Ended December 31, 2013
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Consolidated
Cash Flow from Operating Activities:
Cash provided by operating activities - continuing operations	$	142,923		$	34,067		$	15,199		$	192,189
Cash provided by operating activities - discontinued operations	—			—			—			—
Net cash provided by operating activities	142,923			34,067			15,199			192,189
Cash Flow from Investing Activities:
Net working capital adjustment from RTS divestiture	(996		)	—			—			(996		)
Proceeds from sale of property and equipment	—			205			—			205
Proceeds from sale of assets held for sale	—			1,969			—			1,969
Change in restricted cash and investments	(167		)	(3,205		)	20,784			17,412
Capital expenditures	(79,150		)	(36,815		)	(1,601		)	(117,566		)
Net cash provided by (used in) investing activities	(80,313		)	(37,846		)	19,183			(98,976		)
Cash Flow from Financing Activities:
Proceeds from long-term debt	1,238,000			—			—			1,238,000
Tax benefit related to equity compensation	2,197			—			—			2,197
Debt issuance costs - deferred	(23,834		)	—			—			(23,834		)
Debt issuance fees	(13,421		)	—			—			(13,421		)
Payments on long-term debt	(1,098,174		)	(1,127		)	(35,243		)	(1,134,544		)
Proceeds from stock options exercised	5,425			—			—			5,425
Cash dividends paid	(147,156		)	—			—			(147,156		)
Proceeds from reissuance of treasury stock in connection with ESPP	319			—			—			319
Termination of Interest rate swap agreements	—			3,974			—			3,974
Net cash used in financing activities	(36,644		)	2,847			(35,243		)	(69,040		)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			(3,803		)	(3,803		)
Net Increase (Decrease) in Cash and Cash Equivalents	25,966			(932		)	(4,664		)	20,370
Cash and Cash Equivalents, beginning of period	4,764			1,917			25,074			31,755
Cash and Cash Equivalents, end of period	$	30,730		$	985		$	20,410		$	52,125

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS



	For the Fiscal Year Ended December 31, 2012
	The GEO Group Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Consolidated
	(Dollars in thousands)
Cash Flow from Operating Activities:
Cash provided by operating activities - continuing operations	$	105,402		$	84,896		$	64,889		$	255,187
Cash (used in) provided by operating activities - discontinued operations	5,810			3,864			(621		)	9,053
Net cash provided by operating activities	111,212			88,760			64,268			264,240
Cash Flow from Investing Activities:
Acquisition of ownership interests in MCF	—			(35,154		)	—			(35,154		)
Proceeds from RTS divestiture	29,653			—			3,600			33,253
Proceeds from sale of property and equipment	—			65			—			65
Proceeds from sale of assets held for sale	—			5,641			—			5,641
Change in restricted cash and investments	—			—			51,189			51,189
Capital expenditures	(61,426		)	(42,406		)	(3,717		)	(107,549		)
Cash (used in) provided by investing activities - continuing operations	(31,773		)	(71,854		)	51,072			(52,555		)
Cash used in investing activities - discontinued operations	(634		)	(1,820		)	(307		)	(2,761		)
Net cash (used in) provided by investing activities	(32,407		)	(73,674		)	50,765			(55,316		)
Cash Flow from Financing Activities:
Proceeds from long-term debt	358,000			—			—			358,000
Tax benefit related to equity compensation	621			—			—			621
Debt issuance fees	—			(14,861		)	—			(14,861		)
Distribution to noncontrolling interests	—			—			(5,758		)	(5,758		)
Payment for purchase of treasury shares	(8,666		)	—			—			(8,666		)
Debt issuance costs - deferred	(1,360		)	—			(38		)	(1,398		)
Payments on long-term debt	(343,987		)	(1,400		)	(111,098		)	(456,485		)
Proceeds from stock options exercised	9,276			—			—			9,276
Dividends paid	(102,435		)	—			—			(102,435		)
Proceeds from reissuance of treasury stock in connection with ESPP	460			—			—			460
Payment for retirement of treasury stock	(1,036		)	—			—			(1,036		)
Net cash used in financing activities	(89,127		)	(16,261		)	(116,894		)	(222,282		)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			1,735			1,735
Net Decrease in Cash and Cash Equivalents	(10,322		)	(1,175		)	(126		)	(11,623		)
Cash and Cash Equivalents, beginning of period	15,086			3,092			25,200			43,378
Cash and Cash Equivalents, end of period	$	4,764		$	1,917		$	25,074		$	31,755

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS



	For the Fiscal Year Ended January 1, 2012
	The GEO Group Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Consolidated
	(Dollars in thousands)
Cash Flow from Operating Activities:
Cash provided by operating activities - continuing operations	$	173,438		$	18,834		$	(6,531	)	$	185,741
Cash provided by operating activities - discontinued operations	3,475			7,026			(7,130		)	3,371
Net cash provided by operating activities	176,913			25,860			(13,661		)	189,112
Cash Flow from Investing Activities:
Acquisition of BI and Cornell, cash consideration, net of cash acquired	(409,607		)	—			—			(409,607		)
Proceeds from sale of property and equipment	—			1,450			33			1,483
Proceeds from sale of assets held for sale	—			7,121						7,121
Change in restricted cash and investments	—			—			(9,503		)	(9,503		)
Capital expenditures	(191,642		)	(28,266		)	(2,125		)	(222,033		)
Cash used in investing activities - continuing operations	(601,249		)	(19,695		)	(11,595		)	(632,539		)
Cash used in investing activities - discontinued operations	(696		)	(1,973		)	(333		)	(3,002		)
Net cash (used in) provided by investing activities	(601,945		)	(21,668		)	(11,928		)	(635,541		)
Cash Flow from Financing Activities:
Proceeds from long-term debt	782,247			—			53,148			835,395
Payments on long-term debt	(257,210		)	(1,275		)	(31,347		)	(289,832		)
Income tax benefit of equity compensation	465			—			—			465
Debt issuance costs - deferred	(15,462		)	—			—			(15,462		)
Distribution to noncontrolling interests	—			—			(4,012		)	(4,012		)
Payment for purchase of treasure shares	(74,982		)	—			—			(74,982		)
Proceeds from stock options exercised	2,446			—			—			2,446
Net cash provided by (used in) financing activities	437,504			(1,275		)	17,789			454,018
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			(2,299		)	(2,299		)
Net Increase (Decrease) in Cash and Cash Equivalents	12,472			2,917			(10,099		)	5,290
Cash and Cash Equivalents, beginning of period	2,614			175			35,299			38,088
Cash and Cash Equivalents, end of period	$	15,086		$	3,092		$	25,200		$	43,378