Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

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, 2014
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	558,764		$	1,315,024		$	264,216		$	(446,384	)	$	1,691,620
Operating expenses	449,805			1,014,713			227,566			(446,384		)	1,245,700
Depreciation and amortization	25,605			66,077			4,489			—			96,171
General and administrative expenses	36,437			61,351			17,230			—			115,018
Operating income	46,917			172,883			14,931			—			234,731
Interest income	22,327			3,103			4,416			(25,099		)	4,747
Interest expense	(47,622		)	(56,195		)	(8,650		)	25,099			(87,368		)
Income before income taxes and equity in earnings of affiliates	21,622			119,791			10,697			—			152,110
Provision for income taxes	729			9,152			4,212			—			14,093
Equity in earnings of affiliates, net of income tax provision	—			—			5,823			—			5,823
Income from operations before equity in income of consolidated subsidiaries	20,893			110,639			12,308			—			143,840
Income from consolidated subsidiaries, net of income tax provision	122,947			—			—			(122,947		)	—
Net income	143,840			110,639			12,308			(122,947		)	143,840
Less: income attributable to noncontrolling interests	—			—			90						90
Net income attributable to The GEO Group, Inc.	$	143,840		$	110,639		$	12,398		$	(122,947	)	$	143,930
Net income	$	143,840		$	110,639		$	12,308		$	(122,947	)	$	143,840
Other comprehensive loss, net of tax	—			(2,522		)	(20,560		)	—			(23,082		)
Total comprehensive income (loss)	$	143,840		$	108,117		$	(8,252	)	$	(122,947	)	$	120,758
Comprehensive loss attributable to noncontrolling interests	—			—			140			—			140
Comprehensive income (loss) attributable to The GEO Group, Inc.	$	143,840		$	108,117		$	(8,112	)	$	(122,947	)	$	120,898

CONDENSED CONSOLIDATING STATEMENTS 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: loss 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 income 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 early extinguishment of debt	—			(8,462		)	—			—			(8,462		)
Income (loss) 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 BALANCE SHEET



	As of December 31, 2014
	The GEO Group, Inc.			Combined Subsidiary Guarantors		Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(Dollars in thousands)
ASSETS
Cash and cash equivalents	$	18,492		$	782	$	22,063		$	—		$	41,337
Restricted cash and investments	—			—		4,341			—			4,341
Accounts receivable, less allowance for doubtful accounts	92,456			159,505		17,077			—			269,038
Current deferred income tax assets, net	—			21,657		4,227			—			25,884
Prepaid expenses and other current assets	7,022			19,593		11,345			(1,154		)	36,806
Total current assets	117,970			201,537		59,053			(1,154		)	377,406
Restricted Cash and Investments	228			13,729		5,621			—			19,578
Property and Equipment, Net	726,238			961,896		84,032			—			1,772,166
Direct Finance Lease Receivable	—			—		9,256			—			9,256
Contract Receivable	—			—		66,229			—			66,229
Intercompany Receivable	962,314			119,414		—			(1,081,728		)	—
Non-Current Deferred Income Tax Assets	—			—		5,873			—			5,873
Goodwill	34			493,389		467			—			493,890
Intangible Assets, Net	—			154,237		1,038			—			155,275
Investment in Subsidiaries	855,870			438,243		—			(1,294,113		)	—
Other Non-Current Assets	25,635			110,105		46,838			(80,043		)	102,535
Total Assets	$	2,688,289		$	2,492,550	$	278,407		$	(2,457,038	)	$	3,002,208
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	$	7,549		$	47,130	$	3,476		$	—		$	58,155
Accrued payroll and related taxes	—			24,184		14,372			—			38,556
Accrued expenses and other current liabilities	47,637			75,574		18,555			(1,154		)	140,612
Current portion of capital lease obligations, long-term debt and non-recourse debt	3,001			1,170		12,581			—			16,752
Total current liabilities	58,187			148,058		48,984			(1,154		)	254,075
Non-Current Deferred Income Tax Liabilities	(4,095		)	14,170		(7		)	—			10,068
Intercompany Payable	121,327			942,071		18,330			(1,081,728		)	—
Other Non-Current Liabilities	4,372			143,584		19,507			(80,034		)	87,429
Capital Lease Obligations	—			9,856		—			—			9,856
Long-Term Debt	1,462,819			—		—			—			1,462,819
Non-Recourse Debt	—			—		131,968			—			131,968
Commitments & Contingencies
Shareholders' Equity:
Total shareholders’ equity attributable to The GEO Group, Inc.	1,045,679			1,234,811		59,311			(1,294,122		)	1,045,679
Noncontrolling Interests	—			—		314			—			314
Total Shareholders’ Equity	1,045,679			1,234,811		59,625			(1,294,122		)	1,045,993
Total Liabilities and Shareholders' Equity	$	2,688,289		$	2,492,550	$	278,407		$	(2,457,038	)	$	3,002,208

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 and other current liabilities	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 STATEMENTS OF CASH FLOWS



	For the Year Ended December 31, 2014
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Consolidated
Cash Flow from Operating Activities:
Net cash provided by operating activities	$	185,721		$	63,154		$	(46,334	)	$	202,541
Cash Flow from Investing Activities:
Acquisition of Protocol, cash consideration, net of cash acquired	—			(13,025		)	—			(13,025		)
Proceeds from sale of property and equipment	—			746			(47		)	699
Change in restricted cash and investments	61			2,571			2,748			5,380
Capital expenditures	(58,188		)	(52,550		)	(3,486		)	(114,224		)
Net cash used in investing activities	(58,127		)	(62,258		)	(785		)	(121,170		)
Cash Flow from Financing Activities:
Payments on long-term debt	(677,000		)	(1,099		)	—			(678,099		)
Proceeds from long-term debt	654,000			—			—			654,000
Payments on non-recourse debt	—			—			(18,627		)	(18,627		)
Proceeds from non-recourse debt	—			—			87,896			87,896
Taxes paid related to net share settlements of equity awards	(1,844		)	—			—			(1,844		)
Tax benefit related to equity compensation	2,035			—			—			2,035
Debt issuance costs	(9,182		)	—			(17,238		)	(26,420		)
Proceeds from stock options exercised	7,281			—			—			7,281
Cash dividends paid	(170,234		)	—			—			(170,234		)
Proceeds from reissuance of treasury stock in connection with ESPP	387			—			—			387
Issuance of common stock under prospectus supplement	54,725			—			—			54,725
Net cash provided by (used in) financing activities	(139,832		)	(1,099		)	52,031			(88,900		)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			(3,259		)	(3,259		)
Net Increase (Decrease) in Cash and Cash Equivalents	(12,238		)	(203		)	1,653			(10,788		)
Cash and Cash Equivalents, beginning of period	30,730			985			20,410			52,125
Cash and Cash Equivalents, end of period	$	18,492		$	782		$	22,063		$	41,337

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
	(Dollars in thousands)
Cash Flow from Operating Activities:
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
Payments on long-term debt	(1,098,174		)	(1,127		)	(35,243		)	(1,134,544		)
Income tax benefit of equity compensation	2,197			—			—			2,197
Debt issuance costs - deferred	(23,834		)	—			—			(23,834		)
Debt issuance fees	(13,421		)							(13,421		)
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 agreement				3,974						3,974
Net cash provided by (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