XML 87 R122.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidating Financial Information (Statements of Cash Flows) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flow from Operating Activities:      
Net cash provided by operating activities $ 338,143 $ 274,475 $ 381,042
Cash Flow from Investing Activities:      
Acquisition of CEC, cash consideration, net of cash acquired 0 0 (353,556)
Proceeds from sale of property and equipment 414 2,077 3,460
Insurance proceeds - damaged property 19,310 1,438 2,754
Proceeds from sale of assets held for sale 823 3,797 0
Change in restricted cash and investments (7,440) (129) (4,507)
Capital expenditures (117,244) (195,666) (148,406)
Net cash used in investing activities (104,137) (188,483) (500,255)
Cash Flow from Financing Activities:      
Payments on long-term debt (513,219) (282,358) (1,140,788)
Proceeds from long term debt 521,370 502,998 1,389,084
Payments on non-recourse debt (335,116) (18,544) (307,414)
Proceeds from non-recourse debt 321,102 0 181,658
Taxes paid related to net share settlements of equity awards (4,179) (3,820) (4,142)
Payments for purchase of treasury shares 0 (95,175) 0
Debt issuance costs (9,856) (990) (9,542)
Proceeds from stock options exercised 1,258 1,887 6,962
Dividends paid (232,546) (229,498) (227,463)
Proceeds from issuance of common stock in connection with ESPP 532 534 497
Issuance of common stock in connection with public offering 0 0 275,867
Net cash (used in) provided by financing activities (250,654) (124,966) 164,719
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents (352) (10,099) (2,318)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents (17,000) (49,073) 43,188
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period 84,472 133,545 90,357
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period 67,472 84,472 133,545
The GEO Group Inc.      
Cash Flow from Operating Activities:      
Net cash provided by operating activities 275,126 156,754 118,018
Cash Flow from Investing Activities:      
Acquisition of CEC, cash consideration, net of cash acquired     (353,556)
Proceeds from sale of property and equipment 0 0 3,436
Insurance proceeds - damaged property 0 0 2,754
Proceeds from sale of assets held for sale 0 0  
Change in restricted cash and investments 0 0 0
Capital expenditures (35,968) (104,034) (53,030)
Net cash used in investing activities (35,968) (104,034) (400,396)
Cash Flow from Financing Activities:      
Payments on long-term debt (513,219) (276,000) (1,140,788)
Proceeds from long term debt 521,370 502,998 1,389,084
Payments on non-recourse debt 0 0 0
Proceeds from non-recourse debt 0   0
Taxes paid related to net share settlements of equity awards (4,179) (3,820) (4,142)
Payments for purchase of treasury shares   (95,175)  
Debt issuance costs (9,856) (990) (8,701)
Proceeds from stock options exercised 1,258 1,887 6,962
Dividends paid (232,546) (229,498) (227,463)
Proceeds from issuance of common stock in connection with ESPP 532 534 497
Issuance of common stock in connection with public offering     275,867
Net cash (used in) provided by financing activities (236,640) (100,064) 291,316
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents 0 0 0
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents 2,518 (47,344) 8,938
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period 7,322 54,666 45,728
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period 9,840 7,322 54,666
Combined Subsidiary Guarantors      
Cash Flow from Operating Activities:      
Net cash provided by operating activities 58,530 86,974 91,174
Cash Flow from Investing Activities:      
Acquisition of CEC, cash consideration, net of cash acquired     0
Proceeds from sale of property and equipment 414 268 0
Insurance proceeds - damaged property 19,310 1,438 0
Proceeds from sale of assets held for sale 823 3,797  
Change in restricted cash and investments (7,440) (129) (4,507)
Capital expenditures (79,627) (89,310) (86,336)
Net cash used in investing activities (66,520) (83,936) (90,843)
Cash Flow from Financing Activities:      
Payments on long-term debt 0 0  
Proceeds from long term debt 0 0 0
Payments on non-recourse debt 0 0 0
Proceeds from non-recourse debt 0   0
Taxes paid related to net share settlements of equity awards 0 0 0
Payments for purchase of treasury shares   0  
Debt issuance costs 0 0 0
Proceeds from stock options exercised 0 0 0
Dividends paid 0 0 0
Proceeds from issuance of common stock in connection with ESPP 0   0
Issuance of common stock in connection with public offering     0
Net cash (used in) provided by financing activities 0 0 0
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents 0 0 0
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents (7,990) 3,038 331
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period 7,990 4,952 4,621
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period 0 7,990 4,952
Combined Non-Guarantor Subsidiaries      
Cash Flow from Operating Activities:      
Net cash provided by operating activities 4,487 30,747 171,850
Cash Flow from Investing Activities:      
Acquisition of CEC, cash consideration, net of cash acquired     0
Proceeds from sale of property and equipment 0 1,809 24
Insurance proceeds - damaged property 0 0 0
Proceeds from sale of assets held for sale 0  
Change in restricted cash and investments 0 0 0
Capital expenditures (1,649) (2,322) (9,040)
Net cash used in investing activities (1,649) (513) (9,016)
Cash Flow from Financing Activities:      
Payments on long-term debt 0 (6,358) 0
Proceeds from long term debt 0 0 0
Payments on non-recourse debt (335,116) (18,544) (307,414)
Proceeds from non-recourse debt 321,102   181,658
Taxes paid related to net share settlements of equity awards 0 0 0
Payments for purchase of treasury shares   0  
Debt issuance costs 0 0 (841)
Proceeds from stock options exercised 0 0 0
Dividends paid 0 0 0
Proceeds from issuance of common stock in connection with ESPP 0 0 0
Issuance of common stock in connection with public offering     0
Net cash (used in) provided by financing activities (14,014) (24,902) (126,597)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents (352) (10,099) (2,318)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents (11,528) (4,767) 33,919
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period 69,160 73,927 40,008
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period $ 57,632 $ 69,160 $ 73,927