Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Consolidating Financial Information Disclosure [Abstract]

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

	For the Year Ended December 31, 2015
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	664,741		$	1,462,540		$	272,204		$	(556,178	)	$	1,843,307
Operating expenses	546,100			1,143,679			230,181			(556,178		)	1,363,782
Depreciation and amortization	24,711			77,582			4,463			—			106,756
General and administrative expenses	47,553			70,015			19,472			—			137,040
Operating income	46,377			171,264			18,088			—			235,729
Interest income	23,771			3,059			11,329			(26,581		)	11,578
Interest expense	(61,293		)	(57,431		)	(13,993		)	26,581			(106,136		)
Income before income taxes and equity in earnings of affiliates	8,855			116,892			15,424			—			141,171
Provision for income taxes	1,083			1,797			4,509			—			7,389
Equity in earnings of affiliates, net of income tax provision	—			—			5,533			—			5,533
Income from operations before equity in income of consolidated subsidiaries	7,772			115,095			16,448			—			139,315
Income from consolidated subsidiaries, net of income tax provision	131,543			—			—			(131,543		)	—
Net income	139,315			115,095			16,448			(131,543		)	139,315
Loss attributable to noncontrolling interests	—			—			123			$	—		123
Net income attributable to The GEO Group, Inc.	$	139,315		$	115,095		$	16,571		$	(131,543	)	$	139,438
Net income	$	139,315		$	115,095		$	16,448		$	(131,543	)	$	139,315
Other comprehensive income (loss), net of tax	—			1,276			(6,311		)	—			(5,035		)
Total comprehensive income	$	139,315		$	116,371		$	10,137		$	(131,543	)	$	134,280
Comprehensive loss attributable to noncontrolling interests	—			—			215			—			215
Comprehensive income attributable to The GEO Group, Inc.	$	139,315		$	116,371		$	10,352		$	(131,543	)	$	134,495

CONDENSED CONSOLIDATING STATEMENTS 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, equity in earnings of affiliates and discontinued operations	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 continuing 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
Loss 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 income 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 early 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
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 BALANCE SHEET

CONDENSED CONSOLIDATING BALANCE SHEET

	As of December 31, 2015
	The GEO Group, Inc.		Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(Dollars in thousands)
ASSETS
Cash and cash equivalents	$	37,077	$	—		$	22,561	$	—		$	59,638
Restricted cash and investments	—		—			8,489		—			8,489
Accounts receivable, less allowance for doubtful accounts	131,747		162,538			19,812		—			314,097
Current deferred income tax assets, net	—		23,120			4,794		—			27,914
Prepaid expenses and other current assets	1,190		17,917			10,310		(1,209		)	28,208
Total current assets	170,014		203,575			65,966		(1,209		)	438,346
Restricted Cash and Investments	138		16,386			3,712		—			20,236
Property and Equipment, Net	746,478		1,088,417			81,491		—			1,916,386
Direct Finance Lease Receivable	—		—			1,826		—			1,826
Contract Receivable	—		—			174,141		—			174,141
Intercompany Receivable	971,291		86,519			—		(1,057,810		)	—
Non-Current Deferred Income Tax Assets	710		(102		)	6,791		—			7,399
Goodwill	79		614,941			418		—			615,438
Intangible Assets, Net	—		223,426			722		—			224,148
Investment in Subsidiaries	1,106,546		453,636			—		(1,560,182		)	—
Other Non-Current Assets	22,133		116,561			46,855		(80,127		)	105,422
Total Assets	$	3,017,389	$	2,803,359		$	381,922	$	(2,699,328	)	$	3,503,342
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	$	9,731	$	54,675		$	13,117	$	—		$	77,523
Accrued payroll and related taxes	—		35,516			12,961		—			48,477
Accrued expenses and other current liabilities	43,043		78,510			15,139		(1,209		)	135,483
Current portion of capital lease obligations, long-term debt and non-recourse debt	3,000		1,477			12,664		—			17,141
Total current liabilities	55,774		170,178			53,881		(1,209		)	278,624
Non-Current Deferred Income Tax Liabilities			11,120			351		—			11,471
Intercompany Payable	76,427		967,048			14,335		(1,057,810		)	—
Other Non-Current Liabilities	2,894		143,887			21,040		(80,127		)	87,694
Capital Lease Obligations	—		8,693			—		—			8,693
Long-Term Debt	1,875,556		—			—		—			1,875,556
Non-Recourse Debt	—		—			234,467		—			234,467
Commitments & Contingencies
Shareholders' Equity:
Total shareholders’ equity attributable to The GEO Group, Inc.	1,006,738		1,502,433			57,749		(1,560,182		)	1,006,738
Noncontrolling Interests	—		—			99		—			99
Total Shareholders’ Equity	1,006,738		1,502,433			57,848		(1,560,182		)	1,006,837
Total Liabilities and Shareholders' Equity	$	3,017,389	$	2,803,359		$	381,922	$	(2,699,328	)	$	3,503,342

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
Contract Receivable	—			—		66,229			—			66,229
Direct Finance Lease Receivable	—			—		9,256			—			9,256
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 STATEMENTS OF CASH FLOWS

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

	For the Year Ended December 31, 2015
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Consolidated
Cash Flow from Operating Activities:
Net cash provided by (used in) operating activities	$	153,861		$	84,795		$	(96,499	)	$	142,157
Cash Flow from Investing Activities:
Acquisition of LCS, cash consideration	(307,404		)	—			—			(307,404		)
Acquisition of Soberlink, cash consideration	—			(24,402		)	—			(24,402		)
Proceeds from sale of property and equipment	—			42			—			42
Insurance proceeds - damaged property	—			1,270			—			1,270
Change in restricted cash and investments	90			(2,658		)	(2,237		)	(4,805		)
Capital expenditures	(55,629		)	(59,829		)	(2,123		)	(117,581		)
Net cash used in investing activities	(362,943		)	(85,577		)	(4,360		)	(452,880		)
Cash Flow from Financing Activities:
Payments on long-term debt	(311,985		)	—			—			(311,985		)
Proceeds from long-term debt	724,798			—			—			724,798
Payments on non-recourse debt	—			—			(11,908		)	(11,908		)
Proceeds from non-recourse debt	—			—			123,560			123,560
Taxes paid related to net share settlements of equity awards	(2,786		)	—			—			(2,786		)
Tax benefit related to equity compensation	1,409			—			—			1,409
Debt issuance costs	—			—			(7,069		)	(7,069		)
Proceeds from stock options exercised	2,774			—			—			2,774
Cash dividends paid	(186,984		)	—			—			(186,984		)
Proceeds from reissuance of treasury stock in connection with ESPP	441			—			—			441
Net cash provided by financing activities	227,667			—			104,583			332,250
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			(3,226		)	(3,226		)
Net Increase (Decrease) in Cash and Cash Equivalents	18,585			(782		)	498			18,301
Cash and Cash Equivalents, beginning of period	18,492			782			22,063			41,337
Cash and Cash Equivalents, end of period	$	37,077		$	—		$	22,561		$	59,638

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
	(Dollars in thousands)
Cash Flow from Operating Activities:
Net cash provided by (used in) operating activities	$	185,721		$	63,154		$	(46,334	)	$	202,541
Cash Flow from Investing Activities:
Acquisition of Protocol, cash consideration	—			(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:
Proceeds from long-term debt	654,000			—			—			654,000
Payments on long-term debt	(677,000		)	(1,099		)	—			(678,099		)
Payments on non-recourse debt	—			—			(18,627		)	(18,627		)
Proceeds from non-recourse debt	—			—			87,896			87,896
Income tax benefit of equity compensation	2,035			—			—			2,035
Taxes paid related to net share settlements of equity awards	(1,844		)	—			—			(1,844		)
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		)
Issuance of common stock under prospectus supplement	54,725			—			—			54,725
Proceeds from reissuance of treasury stock in connection with ESPP	387			—			—			387
Net cash 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