Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

Condensed Consolidating Financial Information Disclosure [Abstract]

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME



	For the Year Ended December 31, 2017
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	711,013		$	1,810,262		$	321,612		$	(579,467	)	$	2,263,420
Operating expenses	568,061			1,441,884			270,017			(579,467		)	1,700,495
Depreciation and amortization	24,580			96,051			3,666			—			124,297
General and administrative expenses	59,194			104,373			26,776			—			190,343
Operating income	59,178			167,954			21,153			—			248,285
Interest income	16,200			4,294			52,069			(20,887		)	51,676
Interest expense	(69,969		)	(55,080		)	(43,862		)	20,887			(148,024		)
Income before income taxes and equity in earnings of affiliates	5,409			117,168			29,360			—			151,937
Provision for income taxes	1,103			9,608			7,247			—			17,958
Equity in earnings of affiliates, net of income tax benefit	—			—			12,045			—			12,045
Income from operations before equity in income of consolidated subsidiaries	4,306			107,560			34,158			—			146,024
Income from consolidated subsidiaries, net of income tax provision	141,718			—			—			(141,718		)	—
Net income	146,024			107,560			34,158			(141,718		)	146,024
Loss attributable to noncontrolling interests	—			—			217			$	—		217
Net income attributable to The GEO Group, Inc.	$	146,024		$	107,560		$	34,375		$	(141,718	)	$	146,241
Net income	$	146,024		$	107,560		$	34,158		$	(141,718	)	$	146,024
Other comprehensive income (loss), net of tax	—			(1,420		)	7,793			—			6,373
Total comprehensive income	$	146,024		$	106,140		$	41,951		$	(141,718	)	$	152,397
Comprehensive loss attributable to noncontrolling interests	—			—			211			—			211
Comprehensive income attributable to The GEO Group, Inc.	$	146,024		$	106,140		$	42,162		$	(141,718	)	$	152,608

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME



	For the Year Ended December 31, 2016
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	697,292		$	1,626,690		$	420,019		$	(564,511	)	$	2,179,490
Operating expenses	560,694			1,283,447			370,651			(564,511		)	1,650,281
Depreciation and amortization	25,224			85,852			3,840			—			114,916
General and administrative expenses	47,354			72,831			28,524			—			148,709
Operating income	64,020			184,560			17,004			—			265,584
Interest income	20,409			1,842			28,944			(22,699		)	28,496
Interest expense	(65,018		)	(55,295		)	(31,104		)	22,699			(128,718		)
Loss on extinguishment of debt	(15,885		)	—			—			—			(15,885		)
Income before income taxes and equity in earnings of affiliates	3,526			131,107			14,844			—			149,477
Provision for income taxes	1,124			2,108			4,672			—			7,904
Equity in earnings of affiliates, net of income tax provision	—			—			6,925			—			6,925
Income from operations before equity in income of consolidated subsidiaries	2,402			128,999			17,097			—			148,498
Income from consolidated subsidiaries, net of income tax provision	146,096			—			—			(146,096		)	—
Net income	148,498			128,999			17,097			(146,096		)	148,498
Loss attributable to noncontrolling interests	$	—		$	—		$	217		$	—		$	217
Net income attributable to The GEO Group, Inc.	$	148,498		$	128,999		$	17,314		$	(146,096	)	$	148,715
Net income	$	148,498		$	128,999		$	17,097		$	(146,096	)	$	148,498
Other comprehensive income (loss), net of tax	—			(704		)	2,302			—			1,598
Total comprehensive income	$	148,498		$	128,295		$	19,399		$	(146,096	)	$	150,096
Comprehensive loss attributable to noncontrolling interests	—			—			198			—			198
Comprehensive income attributable to The GEO Group, Inc.	$	148,498		$	128,295		$	19,597		$	(146,096	)	$	150,294

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME



	For the Year ended December 31, 2015
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	664,741		$	1,462,540		$	272,204		$	(556,178	)	$	1,843,307
Operating expenses	546,100			1,143,679			230,181			(556,178		)	1,363,782
Depreciation and amortization	24,711			77,582			4,463			—			106,756
General and administrative expenses	47,553			70,015			19,472			—			137,040
Operating income	46,377			171,264			18,088			—			235,729
Interest income	23,771			3,059			11,329			(26,581		)	11,578
Interest expense	(61,293		)	(57,431		)	(13,993		)	26,581			(106,136		)
Income before income taxes and equity in earnings of affiliates	8,855			116,892			15,424			—			141,171
Provision for income taxes	1,083			1,797			4,509			—			7,389
Equity in earnings of affiliates, net of income tax provision	—			—			5,533			—			5,533
Income from operations before equity in income of consolidated subsidiaries	7,772			115,095			16,448			—			139,315
Income from consolidated subsidiaries, net of income tax provision	131,543			—			—			(131,543		)	—
Net income	139,315			115,095			16,448			(131,543		)	139,315
Loss attributable to noncontrolling interests	$	—		$	—		$	123		$	—		$	123
Net income attributable to The GEO Group, Inc.	$	139,315		$	115,095		$	16,571		$	(131,543	)	$	139,438
Net income	$	139,315		$	115,095		$	16,448		$	(131,543	)	$	139,315
Other comprehensive income (loss), net of tax	—			1,276			(6,311		)	—			(5,035		)
Total comprehensive income	$	139,315		$	116,371		$	10,137		$	(131,543	)	$	134,280
Comprehensive loss attributable to noncontrolling interests	—			—			215			—			215
Comprehensive income attributable to The GEO Group, Inc.	$	139,315		$	116,371		$	10,352		$	(131,543	)	$	134,495

CONDENSED CONSOLIDATING BALANCE SHEET



	As of December 31, 2017
	The GEO Group, Inc.		Combined Subsidiary Guarantors		Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(Dollars in thousands)
ASSETS
Cash and cash equivalents	$	54,666	$	—	$	26,711		$	—		$	81,377
Restricted cash and investments	—		—		44,932			—			44,932
Accounts receivable, less allowance for doubtful accounts	130,354		225,029		34,533			—			389,916
Contract receivable, current portion	—		—		18,142			—			18,142
Prepaid expenses and other current assets	2,589		24,163		18,590			—			45,342
Total current assets	187,609		249,192		142,908			—			579,709
Restricted Cash and Investments	—		25,715		2,284			—			27,999
Property and Equipment, Net	777,404		1,209,816		90,903			—			2,078,123
Assets Held for Sale	—		3,915		—			—			3,915
Non-Current Contract Receivable	—		—		404,309			—			404,309
Intercompany Receivable	1,130,189		88,534		28,218			(1,246,941		)	—
Non-Current Deferred Income Tax Assets	863		23,913		1,501			—			26,277
Goodwill	—		778,504		447			—			778,951
Intangible Assets, Net	—		254,531		808			—			255,339
Investment in Subsidiaries	1,336,665		456,076		2,190			(1,794,931		)	—
Other Non-Current Assets	11,141		115,330		25,210			(79,395		)	72,286
Total Assets	$	3,443,871	$	3,205,526	$	698,778		$	(3,121,267	)	$	4,226,908
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	$	20,643	$	65,475	$	6,469		$	—		$	92,587
Accrued payroll and related taxes	—		51,780		19,952			—			71,732
Accrued expenses and other current liabilities	40,344		115,636		20,344			—			176,324
Current portion of capital lease obligations, long-term debt and non-recourse debt	8,000		1,870		19,050			—			28,920
Total current liabilities	68,987		234,761		65,815			—			369,563
Non-Current Deferred Income Tax Liabilities	—		—		8,757			—			8,757
Intercompany Payable	79,984		1,129,590		37,367			(1,246,941		)	—
Other Non-Current Liabilities	4,674		157,200		14,223			(79,395		)	96,702
Capital Lease Obligations	—		6,059		—			—			6,059
Long-Term Debt	2,090,985		—		90,559			—			2,181,544
Non-Recourse Debt	—		—		365,364			—			365,364
Commitments & Contingencies
Shareholders' Equity:
Total shareholders’ equity attributable to The GEO Group, Inc.	1,199,241		1,677,916		117,015			(1,794,931		)	1,199,241
Noncontrolling Interests	—		—		(322		)	—			(322		)
Total Shareholders’ Equity	1,199,241		1,677,916		116,693			(1,794,931		)	1,198,919
Total Liabilities and Shareholders' Equity	$	3,443,871	$	3,205,526	$	698,778		$	(3,121,267	)	$	4,226,908

CONDENSED CONSOLIDATING BALANCE SHEET



	As of December 31, 2016
	The GEO Group, Inc.		Combined Subsidiary Guarantors		Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(Dollars in thousands)
ASSETS
Cash and cash equivalents	$	45,566	$	842	$	21,630		$	—		$	68,038
Restricted cash and investments	—		—		17,133			—			17,133
Accounts receivable, less allowance for doubtful accounts	139,571		200,239		16,445			—			356,255
Contract receivable, current portion	—		—		224,033			—			224,033
Prepaid expenses and other current assets	677		24,096		7,437			—			32,210
Total current assets	185,814		225,177		286,678			—			697,669
Restricted Cash and Investments	170		19,742		936			—			20,848
Property and Equipment, Net	735,104		1,078,220		83,917			—			1,897,241
Contract Receivable	—		—		219,783			—			219,783
Intercompany Receivable	918,527		141,987		27,290			(1,087,804		)	—
Non-Current Deferred Income Tax Assets	764		17,918		11,357			—			30,039
Goodwill	79		614,941		413			—			615,433
Intangible Assets, Net	—		203,138		746			—			203,884
Investment in Subsidiaries	1,238,772		453,635		2,190			(1,694,597		)	—
Other Non-Current Assets	15,011		108,434		20,933			(79,866		)	64,512
Total Assets	$	3,094,241	$	2,863,192	$	654,243		$	(2,862,267	)	$	3,749,409
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	$	8,402	$	50,200	$	21,035		$	—		$	79,637
Accrued payroll and related taxes	—		41,230		14,030			—			55,260
Accrued expenses and other current liabilities	36,792		83,906		10,398			—			131,096
Current portion of capital lease obligations, long-term debt and non-recourse debt	3,000		1,700		233,365			—			238,065
Total current liabilities	48,194		177,036		278,828			—			504,058
Non-Current Deferred Income Tax Liabilities	—		—		—			—			—
Intercompany Payable	133,039		920,825		33,940			(1,087,804		)	—
Other Non-Current Liabilities	2,487		144,383		21,652			(79,866		)	88,656
Capital Lease Obligations	—		7,431		—			—			7,431
Long-Term Debt	1,935,465		—		—			—			1,935,465
Non-Recourse Debt	—		—		238,842			—			238,842
Commitments & Contingencies
Shareholders' Equity:
Total shareholders’ equity attributable to The GEO Group, Inc.	975,056		1,613,517		81,080			(1,694,597		)	975,056
Noncontrolling Interests	—		—		(99		)	—			(99		)
Total Shareholders’ Equity	975,056		1,613,517		80,981			(1,694,597		)	974,957
Total Liabilities and Shareholders' Equity	$	3,094,241	$	2,863,192	$	654,243		$	(2,862,267	)	$	3,749,409

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS



	For the Year Ended December 31, 2017
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Consolidated
	(Dollars in thousands)
Cash Flow from Operating Activities:
Net cash provided by operating activities	$	118,180		$	91,467		$	171,395		$	381,042
Cash Flow from Investing Activities:
Acquisition of CEC, cash consideration, net of cash acquired	(353,556		)	—			—			(353,556		)
Proceeds from sale of property and equipment	3,436			—			24			3,460
Insurance proceeds - damaged property	2,754			—			—			2,754
Change in restricted cash and investments	—			(5,973		)	(27,688		)	(33,661		)
Capital expenditures	(53,030		)	(86,336		)	(9,040		)	(148,406		)
Net cash used in investing activities	(400,396		)	(92,309		)	(36,704		)	(529,409		)
Cash Flow from Financing Activities:
Payments on long-term debt	(1,140,788		)	—			—			(1,140,788		)
Proceeds from long-term debt	1,389,084			—			—			1,389,084
Payments on non-recourse debt	—			—			(307,414		)	(307,414		)
Proceeds from non-recourse debt	—			—			181,658			181,658
Taxes paid related to net share settlements of equity awards	(4,142		)	—			—			(4,142		)
Debt issuance costs	(8,701		)	—			(841		)	(9,542		)
Proceeds from stock options exercised	6,962			—			—			6,962
Dividends paid	(227,463		)	—			—			(227,463		)
Proceeds from issuance of common stock in connection with ESPP	497			—			—			497
Proceeds from issuance of common stock in connection with public offering	275,867			—			—			275,867
Net cash provided by (used in) financing activities	291,316			—			(126,597		)	164,719
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			(3,013		)	(3,013		)
Net Increase (Decrease) in Cash and Cash Equivalents	9,100			(842		)	5,081			13,339
Cash and Cash Equivalents, beginning of period	45,566			842			21,630			68,038
Cash and Cash Equivalents, end of period	$	54,666		$	—		$	26,711		$	81,377

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS



	For the Year Ended December 31, 2016
	The GEO Group Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Consolidated
	(Dollars in thousands)
Cash Flow from Operating Activities:
Net cash provided by (used in) operating activities	$	154,125		$	66,009		$	(248,162	)	$	(28,028	)
Cash Flow from Investing Activities:
Proceeds from sale of property and equipment	2,030			—			—			2,030
Insurance proceeds - damaged property	—			—			4,733			4,733
Change in restricted cash and investments	(24		)	(3,356		)	(6,178		)	(9,558		)
Capital expenditures	(14,040		)	(61,811		)	(5,714		)	(81,565		)
Net cash used in investing activities	(12,034		)	(65,167		)	(7,159		)	(84,360		)
Cash Flow from Financing Activities:
Payments on long-term debt	(934,006		)	—			—			(934,006		)
Proceeds from long-term debt	1,012,945			—			—			1,012,945
Payments on non-recourse debt	—			—			(10,064		)	(10,064		)
Proceeds from non-recourse debt	—			—			266,835			266,835
Taxes paid related to net share settlements of equity awards	(2,336		)	—			—			(2,336		)
Tax deficiency related to equity compensation	(844		)	—			(782		)	(1,626		)
Debt issuance costs	(16,980		)	—			(4,135		)	(21,115		)
Proceeds from stock options exercised	2,367			—			980			3,347
Dividends paid	(194,748		)				—			(194,748		)
Proceeds from issuance of common stock in connection with ESPP	—						436			436
Net cash (used in) provided by financing activities	(133,602		)	—			253,270			119,668
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			1,120			1,120
Net Increase (decrease) in Cash and Cash Equivalents	8,489			842			(931		)	8,400
Cash and Cash Equivalents, beginning of period	37,077			—			22,561			59,638
Cash and Cash Equivalents, end of period	$	45,566		$	842		$	21,630		$	68,038