XML 89 R79.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidating Financial Information - Statement of Operations and Comprehensive Income (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Consolidated Statements of Income and Comprehensive Income [Abstract]        
Revenues $ 631,579 $ 583,530 $ 1,856,212 $ 1,731,956
Operating expenses 472,513 434,806 1,382,678 1,299,312
Depreciation and amortization 32,419 31,297 97,240 94,536
General and administrative expenses 48,488 47,647 142,183 136,927
Operating income 78,159 69,780 234,111 201,181
Interest income 6,686 8,428 23,127 26,194
Interest expense (36,645) (37,991) (115,857) (110,205)
Gain (loss) on extinguishment of debt 594 0 (5,147) (574)
Income before income taxes and equity in earnings of affiliates 48,794 40,217 136,234 116,596
Income tax provision 5,137 3,723 14,509 12,193
Equity in earnings of affiliates, net of income tax provision 2,228 2,735 6,645 7,071
Income before equity in income of consolidated subsidiaries 45,885 39,229 128,370 111,474
Income from consolidated subsidiaries, net of income tax provision 0 0 0 0
Net loss attributable to noncontrolling interests 47 60 181 223
Net income attributable to The GEO Group, Inc. 45,932 39,289 128,551 111,697
Net income 45,885 39,229 128,370 111,474
Net current-period other comprehensive income (loss) (7,288) (567) (381) (1,363)
Total comprehensive income 38,597 38,662 127,989 110,111
Comprehensive loss attributable to noncontrolling interests 62 72 191 247
Comprehensive income attributable to The GEO Group, Inc. 38,659 38,734 128,180 110,358
Reportable Legal Entities | The GEO Group, Inc.        
Consolidated Statements of Income and Comprehensive Income [Abstract]        
Revenues 241,389 208,607 703,310 606,424
Operating expenses 194,174 171,038 555,000 483,982
Depreciation and amortization 7,303 6,742 22,021 19,766
General and administrative expenses 18,365 16,878 53,379 47,499
Operating income 21,547 13,949 72,910 55,177
Interest income 3,443 3,415 10,418 10,998
Interest expense (22,370) (20,765) (68,793) (58,460)
Gain (loss) on extinguishment of debt 0   (486) (574)
Income before income taxes and equity in earnings of affiliates 2,620 (3,401) 14,049 7,141
Income tax provision 295 162 823 1,055
Equity in earnings of affiliates, net of income tax provision 0 0 0 0
Income before equity in income of consolidated subsidiaries 2,325 (3,563) 13,226 6,086
Income from consolidated subsidiaries, net of income tax provision 43,560 42,792 115,147 105,388
Net loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to The GEO Group, Inc. 45,885 39,229 128,373 111,474
Net income 45,885 39,229 128,373 111,474
Net current-period other comprehensive income (loss) (2,777) 0 (2,777) 0
Total comprehensive income 43,108 39,229 125,596 111,474
Comprehensive loss attributable to noncontrolling interests 0 0 0 0
Comprehensive income attributable to The GEO Group, Inc. 43,108 39,229 125,596 111,474
Reportable Legal Entities | Combined Subsidiary Guarantors        
Consolidated Statements of Income and Comprehensive Income [Abstract]        
Revenues 513,194 479,175 1,506,490 1,412,868
Operating expenses 412,866 379,892 1,217,343 1,138,897
Depreciation and amortization 24,352 23,621 72,744 71,759
General and administrative expenses 24,818 25,568 73,599 73,753
Operating income 51,158 50,094 142,804 128,459
Interest income 2,207 1,159 5,722 4,023
Interest expense (14,382) (13,714) (42,932) (42,133)
Gain (loss) on extinguishment of debt 594   (197) 0
Income before income taxes and equity in earnings of affiliates 39,577 37,539 105,397 90,349
Income tax provision 3,006 2,446 8,935 6,188
Equity in earnings of affiliates, net of income tax provision 0 0 0 0
Income before equity in income of consolidated subsidiaries 36,571 35,093 96,462 84,161
Income from consolidated subsidiaries, net of income tax provision 0 0 0 0
Net loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to The GEO Group, Inc. 36,571 35,093 96,462 84,161
Net income 36,571 35,093 96,462 84,161
Net current-period other comprehensive income (loss) 42 (761) (563) (31)
Total comprehensive income 36,613 34,332 95,899 84,130
Comprehensive loss attributable to noncontrolling interests 0 0 0 0
Comprehensive income attributable to The GEO Group, Inc. 36,613 34,332 95,899 84,130
Reportable Legal Entities | Combined Non-Guarantor Subsidiaries        
Consolidated Statements of Income and Comprehensive Income [Abstract]        
Revenues 69,734 65,028 200,341 201,090
Operating expenses 58,211 53,156 164,264 164,859
Depreciation and amortization 764 934 2,475 3,011
General and administrative expenses 5,305 5,201 15,205 15,675
Operating income 5,454 5,737 18,397 17,545
Interest income 6,022 8,660 21,937 26,951
Interest expense (4,879) (8,318) (19,082) (25,390)
Gain (loss) on extinguishment of debt 0   (4,464) 0
Income before income taxes and equity in earnings of affiliates 6,597 6,079 16,788 19,106
Income tax provision 1,836 1,115 4,751 4,950
Equity in earnings of affiliates, net of income tax provision 2,228 2,735 6,645 7,071
Income before equity in income of consolidated subsidiaries 6,989 7,699 18,682 21,227
Income from consolidated subsidiaries, net of income tax provision 0 0 0 0
Net loss attributable to noncontrolling interests 47 60 181 223
Net income attributable to The GEO Group, Inc. 7,036 7,759 18,863 21,450
Net income 6,989 7,699 18,682 21,227
Net current-period other comprehensive income (loss) (4,553) 194 2,959 (1,332)
Total comprehensive income 2,436 7,893 21,641 19,895
Comprehensive loss attributable to noncontrolling interests 62 72 191 247
Comprehensive income attributable to The GEO Group, Inc. 2,498 7,965 21,832 20,142
Eliminations        
Consolidated Statements of Income and Comprehensive Income [Abstract]        
Revenues (192,738) (169,280) (553,929) (488,426)
Operating expenses (192,738) (169,280) (553,929) (488,426)
Depreciation and amortization 0 0 0 0
General and administrative expenses 0 0 0 0
Operating income 0 0 0 0
Interest income (4,986) (4,806) (14,950) (15,778)
Interest expense 4,986 4,806 14,950 15,778
Gain (loss) on extinguishment of debt 0   0 0
Income before income taxes and equity in earnings of affiliates 0 0 0 0
Income tax provision 0 0 0 0
Equity in earnings of affiliates, net of income tax provision 0 0 0 0
Income before equity in income of consolidated subsidiaries 0 0 0 0
Income from consolidated subsidiaries, net of income tax provision (43,560) (42,792) (115,147) (105,388)
Net loss attributable to noncontrolling interests 0 0 0 0
Net income attributable to The GEO Group, Inc. (43,560) (42,792) (115,147) (105,388)
Net income (43,560) (42,792) (115,147) (105,388)
Net current-period other comprehensive income (loss) 0 0 0 0
Total comprehensive income (43,560) (42,792) (115,147) (105,388)
Comprehensive loss attributable to noncontrolling interests 0 0 0 0
Comprehensive income attributable to The GEO Group, Inc. $ (43,560) $ (42,792) $ (115,147) $ (105,388)