Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Consolidating Financial Information Disclosure [Abstract]

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME



	For the Year Ended December 31, 2016
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	697,292		$	1,626,690		$	420,019		$	(564,511	)	$	2,179,490
Operating expenses	560,694			1,283,447			370,651			(564,511		)	1,650,281
Depreciation and amortization	25,224			85,852			3,840			—			114,916
General and administrative expenses	47,354			72,831			28,524			—			148,709
Operating income	64,020			184,560			17,004			—			265,584
Interest income	20,409			1,842			28,944			(22,699		)	28,496
Interest expense	(65,018		)	(55,295		)	(31,104		)	22,699			(128,718		)
Loss on extinguishment of debt	(15,885		)	—			—			—			(15,885		)
Income before income taxes and equity in earnings of affiliates	3,526			131,107			14,844			—			149,477
Provision for income taxes	1,124			2,108			4,672			—			7,904
Equity in earnings of affiliates, net of income tax provision	—			—			6,925			—			6,925
Income from operations before equity in income of consolidated subsidiaries	2,402			128,999			17,097			—			148,498
Income from consolidated subsidiaries, net of income tax provision	146,096			—			—			(146,096		)	—
Net income	148,498			128,999			17,097			(146,096		)	148,498
Loss attributable to noncontrolling interests	—			—			217			$	—		217
Net income attributable to The GEO Group, Inc.	$	148,498		$	128,999		$	17,314		$	(146,096	)	$	148,715
Net income	$	148,498		$	128,999		$	17,097		$	(146,096	)	$	148,498
Other comprehensive income (loss), net of tax	—			(704		)	2,302			—			1,598
Total comprehensive income	$	148,498		$	128,295		$	19,399		$	(146,096	)	$	150,096
Comprehensive loss attributable to noncontrolling interests	—			—			198			—			198
Comprehensive income attributable to The GEO Group, Inc.	$	148,498		$	128,295		$	19,597		$	(146,096	)	$	150,294

CONDENSED CONSOLIDATING STATEMENTS 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 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
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 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 BALANCE SHEET



	As of December 31, 2016
	The GEO Group, Inc.		Combined Subsidiary Guarantors		Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(Dollars in thousands)
ASSETS
Cash and cash equivalents	$	45,566	$	842	$	21,630		$	—		$	68,038
Restricted cash and investments	—		—		17,133			—			17,133
Accounts receivable, less allowance for doubtful accounts	139,571		200,239		16,445			—			356,255
Contract receivable, current portion	—		—		224,033			—			224,033
Prepaid expenses and other current assets	677		24,096		7,437			—			32,210
Total current assets	185,814		225,177		286,678			—			697,669
Restricted Cash and Investments	170		19,742		936			—			20,848
Property and Equipment, Net	735,104		1,078,220		83,917			—			1,897,241
Non-Current Contract Receivable	—		—		219,783			—			219,783
Intercompany Receivable	918,527		141,987		27,290			(1,087,804		)	—
Non-Current Deferred Income Tax Assets	764		17,918		11,357			—			30,039
Goodwill	79		614,941		413			—			615,433
Intangible Assets, Net	—		203,138		746			—			203,884
Investment in Subsidiaries	1,238,772		453,635		2,190			(1,694,597		)	—
Other Non-Current Assets	15,011		108,434		20,933			(79,866		)	64,512
Total Assets	$	3,094,241	$	2,863,192	$	654,243		$	(2,862,267	)	$	3,749,409
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	$	8,402	$	50,200	$	21,035		$	—		$	79,637
Accrued payroll and related taxes	—		41,230		14,030			—			55,260
Accrued expenses and other current liabilities	36,792		83,906		10,398			—			131,096
Current portion of capital lease obligations, long-term debt and non-recourse debt	3,000		1,700		233,365			—			238,065
Total current liabilities	48,194		177,036		278,828			—			504,058
Intercompany Payable	133,039		920,825		33,940			(1,087,804		)	—
Other Non-Current Liabilities	2,487		144,383		21,652			(79,866		)	88,656
Capital Lease Obligations	—		7,431		—			—			7,431
Long-Term Debt	1,935,465		—		—			—			1,935,465
Non-Recourse Debt	—		—		238,842			—			238,842
Commitments & Contingencies
Shareholders' Equity:
Total shareholders’ equity attributable to The GEO Group, Inc.	975,056		1,613,517		81,080			(1,694,597		)	975,056
Noncontrolling Interests	—		—		(99		)	—			(99		)
Total Shareholders’ Equity	975,056		1,613,517		80,981			(1,694,597		)	974,957
Total Liabilities and Shareholders' Equity	$	3,094,241	$	2,863,192	$	654,243		$	(2,862,267	)	$	3,749,409

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
Contract Receivable	—		—			174,141		—			174,141
Direct Finance Lease Receivable	—		—			1,826		—			1,826
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	2,387		116,561			25,486		(80,127		)	64,307
Total Assets	$	2,997,643	$	2,803,359		$	360,553	$	(2,699,328	)	$	3,462,227
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	1,855,810		—			—		—			1,855,810
Non-Recourse Debt	—		—			213,098		—			213,098
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	$	2,997,643	$	2,803,359		$	360,553	$	(2,699,328	)	$	3,462,227

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS



	For the Year Ended December 31, 2016
	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	$	154,125		$	66,009		$	(248,162	)	$	(28,028	)
Cash Flow from Investing Activities:
Proceeds from sale of property and equipment	2,030			—			—			2,030
Insurance proceeds - damaged property	—			—			4,733			4,733
Change in restricted cash and investments	(24		)	(3,356		)	(6,178		)	(9,558		)
Capital expenditures	(14,040		)	(61,811		)	(5,714		)	(81,565		)
Net cash used in investing activities	(12,034		)	(65,167		)	(7,159		)	(84,360		)
Cash Flow from Financing Activities:
Payments on long-term debt	(934,006		)	—			—			(934,006		)
Proceeds from long-term debt	1,012,945			—			—			1,012,945
Payments on non-recourse debt	—			—			(10,064		)	(10,064		)
Proceeds from non-recourse debt	—			—			266,835			266,835
Taxes paid related to net share settlements of equity awards	(2,336		)	—			—			(2,336		)
Tax deficiency related to equity compensation	(844		)	—			(782		)	(1,626		)
Debt issuance costs	(16,980		)	—			(4,135		)	(21,115		)
Proceeds from stock options exercised	2,367			—			980			3,347
Dividends paid	(194,748		)	—			—			(194,748		)
Proceeds from issuance of common stock in connection with ESPP	—			—			436			436
Net cash (used in) provided by financing activities	(133,602		)	—			253,270			119,668
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			1,120			1,120
Net Increase (decrease) in Cash and Cash Equivalents	8,489			842			(931		)	8,400
Cash and Cash Equivalents, beginning of period	37,077			—			22,561			59,638
Cash and Cash Equivalents, end of period	$	45,566		$	842		$	21,630		$	68,038

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
	(Dollars in thousands)
Cash Flow from Operating Activities:
Cash provided by operating activities - continuing operations	$	153,861		$	84,795		$	(96,499	)	$	142,157
Cash provided by operating activities - discontinued operations	—			—			—			—
Net cash provided by (used in) operating activities	$	153,861		$	84,795		$	(96,499	)	$	142,157
Cash Flow from Investing Activities:
Acquisition of LCS, net of cash acquired	(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		)
Cash provided by (used in) investing activities	(362,943		)	(85,577		)	(4,360		)	(452,880		)
Cash used in investing activities - discontinued operations	—			—			—			—
Net cash used in investing activities	(362,943		)	(85,577		)	(4,360		)	(452,880		)
Cash Flow from Financing Activities:
Proceeds from long-term debt	724,798			—			—			724,798
Payments on long-term debt	(311,985		)				—			(311,985		)
Payments on non-recourse debt	—			—			(11,908		)	(11,908		)
Proceeds from non-recourse debt	—			—			123,560			123,560
Income tax benefit of equity compensation	1,409			—			—			1,409
Taxes paid related to net share settlements of equity awards	(2,786		)	—			—			(2,786		)
Debt issuance costs	—			—			(7,069		)	(7,069		)
Debt issuance fees	—									—
Proceeds from stock options exercised	2,774			—			—			2,774
Dividends paid	(186,984		)	—			—			(186,984		)
Issuance of common stock under prospectus supplement				—			—			—
Proceeds from issuance of common stock in connection with ESPP	441			—			—			441
Issuance of common stock under prospectus supplement				—			—			—
Termination of interest rate swap agreement				—						—
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