Business Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2016

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



Fiscal Year	2016			2015			2014
Revenues:
U.S. Corrections & Detention	$	1,375,277		$	1,240,440		$	1,108,397
GEO Care	394,449			340,918			329,253
International Services	157,363			154,902			197,992
Facility Construction and Design [1]	252,401			107,047			55,978
Total revenues	$	2,179,490		$	1,843,307		$	1,691,620
Capital Expenditures:
U.S. Corrections & Detention	$	40,764		$	76,070		$	74,044
GEO Care	35,001			39,523			36,747
International Services	5,800			1,988			3,433
Total capital expenditures	$	81,565		$	117,581		$	114,224
Depreciation and amortization:
U.S. Corrections & Detention	$	74,154		$	70,486		$	63,690
GEO Care	38,687			33,582			29,766
International Services	2,075			2,688			2,715
Total depreciation and amortization	$	114,916		$	106,756		$	96,171
Operating Income:
U.S. Corrections & Detention	$	296,078		$	281,945		$	263,027
GEO Care	111,780			82,806			80,152
International Services	5,809			7,666			6,130
Facility Construction & Design [1]	626			352			440
Operating income from segments	$	414,293		$	372,769		$	349,749
General and Administrative Expenses	(148,709		)	(137,040		)	(115,018		)
Total operating income	$	265,584		$	235,729		$	234,731

[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 2016 or 2015. Refer to Note 7-Contract Receivable.

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 and equity in earnings of affiliates, in each case, during the years ended December 31, 2016, 2015 and 2014, respectively.



Fiscal Year Ended	2016			2015			2014
	(In thousands)
Operating income from segments	$	414,293		$	372,769		$	349,749
Unallocated amounts:
General and administrative expense	(148,709		)	(137,040		)	(115,018		)
Net interest expense	(100,222		)	(94,558		)	(82,621		)
Loss on extinguishment of debt	(15,885		)	—			—
Income before income taxes and equity in earnings of affiliates	$	149,477		$	141,171		$	152,110

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, 2016 and 2015, respectively.



	2016		2015
	(In thousands)
Reportable segment assets	$	3,613,351	$	3,338,551
Cash	68,038		59,638
Deferred income tax assets	30,039		35,313
Restricted cash and investments, current and non-current	37,981		28,725
Total assets	$	3,749,409	$	3,462,227

Geographical Information



	2016		2015
	(In thousands)
Segment assets:
U.S. Corrections & Detention	$	2,390,705	$	2,396,076
GEO Care	711,795		722,248
International Services	64,417		43,589
Facility Construction & Design	446,434		176,638
Total segment assets	$	3,613,351	$	3,338,551



Fiscal Year	2016		2015		2014
	(In thousands)
Revenues:
U.S. operations	$	1,770,273	$	1,581,811	$	1,438,144
Australia operations	388,361		237,731		210,577
South African operations	13,658		14,964		16,831
United Kingdom operations	7,198		8,801		26,068
Total revenues	$	2,179,490	$	1,843,307	$	1,691,620
Property and Equipment, net:
U.S. operations	$	1,887,043	$	1,910,378	$	1,765,391
Australia operations	10,053		5,871		5,923
South African operations	145		90		127
United Kingdom operations	—		47		725
Total Property and Equipment, net	$	1,897,241	$	1,916,386	$	1,772,166

Sources of Revenue

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



Fiscal Year	2016		2015		2014
	(In thousands)
Revenues:
Corrections & Detention	$	1,532,640	$	1,395,342	$	1,306,389
GEO Care	394,449		340,918		329,253
Facility Construction and Design	252,401		107,047		55,978
Total revenues	$	2,179,490	$	1,843,307	$	1,691,620

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	2016		2015		2014
Various agencies of the U.S Federal Government:	48	%	45	%	42	%