XML 92 R81.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidating Financial Information - Statement of Cash Flows (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flow from Operating Activities:    
Net cash provided by operating activities $ 322,958 $ 220,223
Cash Flow from Investing Activities:    
Proceeds from sale of assets held for sale 823 3,797
Insurance proceeds - damaged property 17,389 5,998
Proceeds from sale of property and equipment 402 2,061
Change in restricted investments (5,449) (2,413)
Capital expenditures (90,787) (161,490)
Net cash used in investing activities (77,622) (152,047)
Cash Flow from Financing Activities:    
Proceeds from long-term debt 274,370 372,000
Payments on long-term debt (310,616) (186,033)
Payments on non-recourse debt (332,717) (9,636)
Proceeds from non-recourse debt 322,906 0
Taxes paid related to net share settlements of equity awards (4,177) (4,452)
Proceeds from issuance of common stock in connection with ESPP 400 404
Debt issuance costs (9,885) (990)
Proceeds from the exercise of stock options 1,259 1,781
Payment for repurchases of common stock 0 (70,446)
Dividends paid (174,332) (172,256)
Net cash used in financing activities (232,792) (69,628)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents (2,063) (5,392)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents 10,481 (6,844)
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period 84,472 133,545
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period 94,953 126,701
The GEO Group, Inc.    
Cash Flow from Operating Activities:    
Net cash provided by operating activities 212,177 112,599
Cash Flow from Investing Activities:    
Proceeds from sale of assets held for sale 0 0
Insurance proceeds - damaged property 0 0
Proceeds from sale of property and equipment 0 0
Change in restricted investments 0 0
Capital expenditures (22,941) (95,461)
Net cash used in investing activities (22,941) (95,461)
Cash Flow from Financing Activities:    
Proceeds from long-term debt 274,370 372,000
Payments on long-term debt (310,616) (183,000)
Payments on non-recourse debt 0 0
Proceeds from non-recourse debt 0  
Taxes paid related to net share settlements of equity awards (4,177) (4,452)
Proceeds from issuance of common stock in connection with ESPP 400 404
Debt issuance costs (4,656) (990)
Proceeds from the exercise of stock options 1,259 1,781
Payment for repurchases of common stock   (70,446)
Dividends paid (174,332) (172,256)
Net cash used in financing activities (217,752) (56,959)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents 0 0
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents (28,516) (39,821)
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period 54,666 54,666
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period 26,150 14,845
Combined Subsidiary Guarantors    
Cash Flow from Operating Activities:    
Net cash provided by operating activities 55,258 70,040
Cash Flow from Investing Activities:    
Proceeds from sale of assets held for sale 823 3,797
Insurance proceeds - damaged property 17,389 5,998
Proceeds from sale of property and equipment 402 0
Change in restricted investments (5,449) (2,413)
Capital expenditures (66,723) (64,015)
Net cash used in investing activities (53,558) (56,633)
Cash Flow from Financing Activities:    
Proceeds from long-term debt 0 0
Payments on long-term debt 0 0
Payments on non-recourse debt 0 0
Proceeds from non-recourse debt 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
Proceeds from the exercise of stock options 0 0
Payment for repurchases of common stock   0
Dividends paid 0 0
Net cash used in financing activities 0 0
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents 0 0
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents 1,700 13,407
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period 4,823 4,952
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period 6,523 18,359
Combined Non-Guarantor Subsidiaries    
Cash Flow from Operating Activities:    
Net cash provided by operating activities 55,523 37,584
Cash Flow from Investing Activities:    
Proceeds from sale of assets held for sale 0
Insurance proceeds - damaged property 0 0
Proceeds from sale of property and equipment 0 2,061
Change in restricted investments 0 0
Capital expenditures (1,123) (2,014)
Net cash used in investing activities (1,123) 47
Cash Flow from Financing Activities:    
Proceeds from long-term debt 0 0
Payments on long-term debt 0 (3,033)
Payments on non-recourse debt (332,717) (9,636)
Proceeds from non-recourse debt 322,906  
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 (5,229) 0
Proceeds from the exercise of stock options 0 0
Payment for repurchases of common stock   0
Dividends paid 0 0
Net cash used in financing activities (15,040) (12,669)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents (2,063) (5,392)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents 37,297 19,570
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period 24,983 73,927
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period $ 62,280 $ 93,497