XML 78 R67.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidating Financial Information (Details 3) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flow from Operating Activities:    
Net cash provided by operating activities $ (17,527) $ 60,745
Cash Flow from Investing Activities:    
Acquisition of LCS, cash consideration 0 (307,403)
Proceeds from sale of property and equipment 18 20
Insurance proceeds - damaged property 0 700
Change in restricted cash and investments (41,037) (8,108)
Capital expenditures (28,429) (34,198)
Net cash used in investing activities (69,448) (348,989)
Cash Flow from Financing Activities:    
Proceeds from long-term debt 117,000 371,000
Payments on long-term debt (88,756) (38,750)
Payments on non-recourse debt (1,613) (1,645)
Proceeds from non-recourse debt 71,242 33,019
Taxes paid related to net share settlements of equity awards (1,717) (1,123)
Proceeds from issuance of common stock in connection with ESPP 2,357 98
Debt issuance costs (1,505) (1,245)
Income tax deficiency (benefit) related to equity compensation (818) 569
Proceeds from the exercise of stock options 979 1,215
Cash dividends paid (48,509) (45,977)
Net cash provided by financing activities 48,660 317,161
Effect of Exchange Rate Changes on Cash and Cash Equivalents 1,902 (1,273)
Net (Decrease) Increase in Cash and Cash Equivalents (36,413) 27,644
Cash and Cash Equivalents, beginning of period 59,638 41,337
Cash and Cash Equivalents, end of period 23,225 68,981
The GEO Group, Inc.    
Cash Flow from Operating Activities:    
Net cash provided by operating activities (221) 35,300
Cash Flow from Investing Activities:    
Acquisition of LCS, cash consideration   (307,403)
Proceeds from sale of property and equipment 0 0
Insurance proceeds - damaged property   0
Change in restricted cash and investments 90 102
Capital expenditures (3,567) (20,561)
Net cash used in investing activities (3,477) (327,862)
Cash Flow from Financing Activities:    
Proceeds from long-term debt 117,000 371,000
Payments on long-term debt (88,756) (38,750)
Payments on non-recourse debt 0 0
Proceeds from non-recourse debt 0 0
Taxes paid related to net share settlements of equity awards (1,717) (1,123)
Proceeds from issuance of common stock in connection with ESPP 0 $ 98
Debt issuance costs 0
Income tax deficiency (benefit) related to equity compensation (818) $ 569
Proceeds from the exercise of stock options 979 1,215
Cash dividends paid (48,509) (45,977)
Net cash provided by financing activities (21,821) 287,032
Effect of Exchange Rate Changes on Cash and Cash Equivalents 0 0
Net (Decrease) Increase in Cash and Cash Equivalents (25,519) (5,530)
Cash and Cash Equivalents, beginning of period 37,077 18,492
Cash and Cash Equivalents, end of period 11,558 12,962
Combined Subsidiary Guarantors    
Cash Flow from Operating Activities:    
Net cash provided by operating activities 25,317 $ 30,416
Cash Flow from Investing Activities:    
Acquisition of LCS, cash consideration  
Proceeds from sale of property and equipment 18 $ 20
Insurance proceeds - damaged property   700
Change in restricted cash and investments (956) (6,443)
Capital expenditures (24,379) (13,042)
Net cash used in investing activities (25,317) (18,765)
Cash Flow from Financing Activities:    
Proceeds from long-term debt 0 $ 0
Payments on long-term debt 0
Payments on non-recourse debt 0 $ 0
Proceeds from non-recourse debt 0 0
Taxes paid related to net share settlements of equity awards 0 0
Proceeds from issuance of common stock in connection with ESPP 0 0
Debt issuance costs 0 0
Income tax deficiency (benefit) related to equity compensation 0 0
Proceeds from the exercise of stock options 0 0
Cash dividends paid 0 0
Net cash provided by financing activities 0 0
Effect of Exchange Rate Changes on Cash and Cash Equivalents 0 0
Net (Decrease) Increase in Cash and Cash Equivalents 0 11,651
Cash and Cash Equivalents, beginning of period 0 782
Cash and Cash Equivalents, end of period 0 12,433
Combined Non-Guarantor Subsidiaries    
Cash Flow from Operating Activities:    
Net cash provided by operating activities (42,623) (4,971)
Cash Flow from Investing Activities:    
Acquisition of LCS, cash consideration   0
Proceeds from sale of property and equipment 0 0
Insurance proceeds - damaged property   0
Change in restricted cash and investments (40,171) (1,767)
Capital expenditures (483) (595)
Net cash used in investing activities (40,654) (2,362)
Cash Flow from Financing Activities:    
Proceeds from long-term debt 0 0
Payments on long-term debt 0 0
Payments on non-recourse debt (1,613) (1,645)
Proceeds from non-recourse debt 71,242 33,019
Taxes paid related to net share settlements of equity awards 0 0
Proceeds from issuance of common stock in connection with ESPP 2,357 0
Debt issuance costs (1,505) (1,245)
Income tax deficiency (benefit) related to equity compensation 0 0
Proceeds from the exercise of stock options 0 0
Cash dividends paid 0 0
Net cash provided by financing activities 70,481 30,129
Effect of Exchange Rate Changes on Cash and Cash Equivalents 1,902 (1,273)
Net (Decrease) Increase in Cash and Cash Equivalents (10,894) 21,523
Cash and Cash Equivalents, beginning of period 22,561 22,063
Cash and Cash Equivalents, end of period 11,667 $ 43,586
Consolidation, Eliminations [Member]    
Cash Flow from Financing Activities:    
Cash and Cash Equivalents, beginning of period 0  
Cash and Cash Equivalents, end of period $ 0