Business Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2017

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



Fiscal Year	2017			2016			2015
Revenues:
U.S. Corrections & Detention	$	1,438,044		$	1,375,277		$	1,240,440
GEO Care	514,166			394,449			340,918
International Services	195,806			157,363			154,902
Facility Construction and Design [1]	115,404			252,401			107,047
Total revenues	$	2,263,420		$	2,179,490		$	1,843,307
Capital Expenditures:
U.S. Corrections & Detention	$	117,186		$	40,764		$	76,070
GEO Care	24,263			35,001			39,523
International Services	6,957			5,800			1,988
Total capital expenditures	$	148,406		$	81,565		$	117,581
Depreciation and amortization:
U.S. Corrections & Detention	$	75,276		$	74,154		$	70,486
GEO Care	47,103			38,687			33,582
International Services	1,918			2,075			2,688
Total depreciation and amortization	$	124,297		$	114,916		$	106,756
Operating Income:
U.S. Corrections & Detention	$	302,488		$	296,078		$	281,945
GEO Care	123,525			111,780			82,806
International Services	14,235			5,809			7,666
Facility Construction & Design [1]	(1,620		)	626			352
Operating income from segments	$	438,628		$	414,293		$	372,769
General and Administrative Expenses	(190,343		)	(148,709		)	(137,040		)
Total operating income	$	248,285		$	265,584		$	235,729

[1] The Company began the design and construction of a new prison located in Ravenhall, a locality near Melbourne, Australia in 2014. The facility was completed in November 2017. There were no capital expenditures or depreciation or amortization associated with this segment in 2017, 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, 2017, 2016 and 2015, respectively.



Fiscal Year Ended	2017			2016			2015
	(In thousands)
Operating income from segments	$	438,628		$	414,293		$	372,769
Unallocated amounts:
General and administrative expense	(190,343		)	(148,709		)	(137,040		)
Net interest expense	(96,348		)	(100,222		)	(94,558		)
Loss on extinguishment of debt	—			(15,885		)	—
Income before income taxes and equity in earnings of affiliates	$	151,937		$	149,477		$	141,171

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, 2017 and 2016, respectively.



	2017		2016
	(In thousands)
Reportable segment assets	$	4,046,323	$	3,613,351
Cash	81,377		68,038
Deferred income tax assets	26,277		30,039
Restricted cash and investments, current and non-current	72,931		37,981
Total assets	$	4,226,908	$	3,749,409

Geographical Information



	2017		2016		2015
	(In thousands)
Segment assets:
U.S. Corrections & Detention	$	2,385,069	$	2,390,705	$	2,396,076
GEO Care	1,121,792		711,795		722,248
International Services	40,056		64,417		43,589
Facility Construction & Design	499,406		446,434		176,638
Total segment assets	$	4,046,323	$	3,613,351	$	3,338,551



Fiscal Year	2017		2016		2015
	(In thousands)
Revenues:
U.S. operations	$	1,952,210	$	1,770,273	$	1,581,811
Australia operations	285,702		388,361		237,731
South African operations	18,251		13,658		14,964
United Kingdom operations	7,257		7,198		8,801
Total revenues	$	2,263,420	$	2,179,490	$	1,843,307
Property and Equipment, net:
U.S. operations	$	2,061,711	$	1,887,043	$	1,910,378
Australia operations	16,281		10,053		5,871
South African operations	131		145		90
United Kingdom operations	—		—		47
Total Property and Equipment, net	$	2,078,123	$	1,897,241	$	1,916,386

Sources of Revenue

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



Fiscal Year	2017		2016		2015
	(In thousands)
Revenues:
Corrections & Detention	$	1,633,850	$	1,532,640	$	1,395,342
GEO Care	514,166		394,449		340,918
Facility Construction and Design	115,404		252,401		107,047
Total revenues	$	2,263,420	$	2,179,490	$	1,843,307

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	2017		2016		2015
Various agencies of the U.S Federal Government:	48	%	48	%	45	%