Business Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Operating and Reporting Segments

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

Fiscal Year	2020			2019			2018
Revenues:
U.S. Secure Services	$	1,571,216		$	1,601,679		$	1,492,973
GEO Care		551,342			614,249			580,313
International Services		211,621			232,016			253,874
Facility Construction and Design [1] [2]		15,919			29,978			4,226
Total revenues	$	2,350,098		$	2,477,922		$	2,331,386
Capital Expenditures:
U.S. Secure Services	$	58,410		$	69,074		$	163,208
GEO Care		44,913			45,000			30,136
International Services		1,142			1,468			2,322
Total capital expenditures [1]	$	104,465		$	115,542		$	195,666
Depreciation and amortization:
U.S. Secure Services	$	80,702		$	78,974		$	76,801
GEO Care		51,832			49,781			47,546
International Services		2,146			2,070			2,087
Total depreciation and amortization [1]	$	134,680		$	130,825		$	126,434
Operating Income:
U.S. Secure Services	$	298,952		$	322,506		$	297,453
GEO Care		97,330			147,036			138,911
International Services		19,610			16,723			12,816
Facility Construction & Design [1] [2]		54			74			—
Operating income from segments	$	415,946		$	486,339		$	449,180
General and Administrative Expenses		(193,372	)		(185,926	)		(184,515	)
Total operating income	$	222,574		$	300,413		$	264,665

[1] There were no capital expenditures or depreciation and amortization associated with the Facility Construction & Design segment in 2020,

2019 or 2018.

[2] During 2020, 2019 and 2018, the Company had facility construction & design revenues related to an expansion project at its Fulham Correctional Centre in Australia which was substantially completed in the third quarter of 2020.

Schedule of 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, 2020, 2019 and 2018, respectively.

Fiscal Year Ended	2020			2019			2018
	(In thousands)
Operating income from segments	$	415,946		$	486,339		$	449,180
Unallocated amounts:
General and administrative expense		(193,372	)		(185,926	)		(184,515	)
Net interest expense		(103,765	)		(122,090	)		(115,348	)
Gain (loss) on extinguishment of debt		5,319			(4,795	)		—
Income before income taxes and equity in earnings of affiliates	$	124,128		$	173,528		$	149,317

Geographical Information

	2020		2019		2018
	(In thousands)
Segment assets:
U.S. Secure Services	$	2,529,375	$	2,618,629	$	2,590,722
GEO Care		1,058,505		1,112,880		1,063,484
International Services		85,110		82,097		84,911
Facility Construction & Design		402,930		371,846		383,713
Total segment assets	$	4,075,920	$	4,185,452	$	4,122,830

Fiscal Year	2020		2019		2018
	(In thousands)
Revenues:
U.S. operations	$	2,123,045	$	2,216,401	$	2,073,286
Australia operations		201,932		235,462		231,164
South African operations		17,044		18,779		19,806
United Kingdom operations		8,077		7,280		7,130
Total revenues	$	2,350,098	$	2,477,922	$	2,331,386
Property and Equipment, net:
U.S. operations	$	2,109,070	$	2,131,877	$	2,145,197
Australia operations		12,908		12,215		13,006
South African operations		127		182		88
United Kingdom operations		90		448		319
Total Property and Equipment, net	$	2,122,195	$	2,144,722	$	2,158,610

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, 2020 and 2019, respectively.

	2020		2019
	(In thousands)
Reportable segment assets	$	4,075,920	$	4,185,452
Cash		283,524		32,463
Deferred income tax assets		36,604		36,278
Restricted cash and investments, current and non-current		64,078		63,341
Total assets	$	4,460,126	$	4,317,534

Sources of Revenue

Fiscal Year	2020		2019		2018
	(In thousands)
Revenues:
Secure Services	$	1,782,837	$	1,833,695	$	1,746,847
GEO Care		551,342		614,249		580,313
Facility Construction and Design		15,919		29,978		4,226
Total revenues	$	2,350,098	$	2,477,922	$	2,331,386

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		2020				2019				2018
Various agencies of the U.S Federal Government:			56	%			53	%			50	%