Business Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2015

Segment disclosures below (in thousands) reflect the results of continuing operations. All transactions between segments are eliminated.



Fiscal Year	2015			2014			2013
Revenues:
U.S. Corrections & Detention	$	1,240,440		$	1,108,397		$	1,011,818
GEO Care	340,918			329,253			302,094
International Services	154,902			197,992			208,162
Facility Construction and Design [1]	107,047			55,978			—
Total revenues	$	1,843,307		$	1,691,620		$	1,522,074
Capital Expenditures:
U.S. Corrections & Detention	$	76,070		$	74,044		$	76,418
GEO Care	39,523			36,747			39,645
International Services	1,988			3,433			1,503
Total capital expenditures	$	117,581		$	114,224		$	117,566
Depreciation and amortization:
U.S. Corrections & Detention	$	70,486		$	63,690		$	62,112
GEO Care	33,582			29,766			29,989
International Services	2,688			2,715			2,563
Total depreciation and amortization	$	106,756		$	96,171		$	94,664
Operating Income:
U.S. Corrections & Detention	$	281,945		$	263,027		$	217,918
GEO Care	82,806			80,152			71,279
International Services [2]	7,666			6,130			13,348
Facility Construction & Design [1]	352			440			—
Operating income from segments	$	372,769		$	349,749		$	302,545
General and Administrative Expenses	(137,040		)	(115,018		)	(117,061		)
Total operating income	$	235,729		$	234,731		$	185,484

[1] The Company began the design and construction of a new prison located in Ravenhall, a locality near Melbourne, Australia in 2014. There were no capital expenditures or depreciation or amortization associated with this segment in 2015 or 2014. Refer to Note 8-Contract Receivable.

[2] Operating income in the International Services segment decreased primarily due to bid costs incurred in the third quarter of 2014 at GEO's subsidiary in the United Kingdom as well as the termination of the Harmondsworth facility contract in early 2014 at GEO's subsidiary in the United Kingdom.

Pre-Tax Income Reconciliation of Segments

The following is a reconciliation of the Company’s total operating income from its reportable segments to the Company’s income before income taxes, equity in earnings of affiliates and discontinued operations, in each case, during the years ended December 31, 2015, 2014 and 2013, respectively.



Fiscal Year Ended	2015			2014			2013
	(In thousands)
Operating income from segments	$	372,769		$	349,749		$	302,545
Unallocated amounts:
General and administrative expense	(137,040		)	(115,018		)	(117,061		)
Net interest expense	(94,558		)	(82,621		)	(79,680		)
Loss on early extinguishment of debt	—			—			(20,657		)
Income before income taxes, equity in earnings of affiliates and discontinued operations	$	141,171		$	152,110		$	85,147

Asset Reconciliation of Segments

The following is a reconciliation of the Company’s reportable segment assets to the Company’s total assets as of December 31, 2015 and 2014, respectively.



	2015		2014
	(In thousands)
Reportable segment assets	$	3,379,666	$	2,905,194
Cash	59,638		41,337
Deferred income tax assets	35,313		31,758
Restricted cash and investments, current and non-current	28,725		23,919
Total assets	$	3,503,342	$	3,002,208

Geographical Information



	2015		2014
	(In thousands)
Segment assets:
U.S. Corrections & Detention	$	2,417,651	$	2,075,216
GEO Care	722,248		675,166
International Services	43,589		71,788
Facility Construction & Design	196,178		83,024
Total segment assets	$	3,379,666	$	2,905,194



Fiscal Year	2015		2014		2013
	(In thousands)
Revenues:
U.S. operations	$	1,581,811	$	1,438,144	$	1,314,425
Australia operations	237,731		210,577		158,028
South African operations	14,964		16,831		17,992
United Kingdom operations	8,801		26,068		31,629
Total revenues	$	1,843,307	$	1,691,620	$	1,522,074
Property and Equipment, net:
U.S. operations	$	1,910,378	$	1,765,391	$	1,721,761
Australia operations	5,871		5,923		4,828
South African operations	90		127		158
United Kingdom operations	47		725		1,051
Total Property and Equipment, net	$	1,916,386	$	1,772,166	$	1,727,798

Sources of Revenue

All of the Company’s revenue is generated from external customers.



Fiscal Year	2015		2014		2013
	(In thousands)
Revenues:
Corrections & Detention	$	1,395,342	$	1,306,389	$	1,219,980
GEO Care	340,918		329,253		302,094
Facility Construction and Design	107,047		55,978		—
Total revenues	$	1,843,307	$	1,691,620	$	1,522,074

Business Concentration

Except for the major customer noted in the following table, no other single customer made up greater than 10% of the Company’s consolidated revenues for the following fiscal years:



Customer	2015		2014		2013
Various agencies of the U.S Federal Government:	45	%	42	%	45	%