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Condensed Consolidating Financial Information (Tables) | 9 Months Ended
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Sep. 30, 2012
Condensed Consolidating Financial Information Disclosure [Abstract] |
CONDENSED CONSOLIDATING BALANCE SHEET |
| As of September 30, 2012
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS
Cash and cash equivalents | $ | 45,827 |  |  | $ | 4,402 |  |  | $ | 18,856 |  |  | $ | — |  |  | $ | 69,085 |
Restricted cash and investments | — |  |  | — |  |  | 15,530 |  |  | — |  |  | 15,530 |
Accounts receivable, less allowance for doubtful accounts | 117,313 |  |  | 113,123 |  |  | 21,023 |  |  | — |  |  | 251,459 |
Deferred income tax assets, net | 14,063 |  |  | 13,348 |  |  | 3,788 |  |  | — |  |  | 31,199 |
Prepaid expenses and other current assets | 5,781 |  |  | 6,425 |  |  | 13,994 |  |  | (1,154 | ) |  | 25,046 |
Current assets of discontinued operations | 5,346 |  |  | 982 |  |  | — |  |  | — |  |  | 6,328 |
Total current assets | 188,330 |  |  | 138,280 |  |  | 73,191 |  |  | (1,154 | ) |  | 398,647 |
Restricted Cash and Investments | 9,460 |  |  | — |  |  | 34,824 |  |  | — |  |  | 44,284 |
Property and Equipment, Net | 633,794 |  |  | 961,568 |  |  | 114,266 |  |  | — |  |  | 1,709,628 |
Assets Held for Sale | 3,083 |  |  | 3,507 |  |  | — |  |  | — |  |  | 6,590 |
Direct Finance Lease Receivable | — |  |  | — |  |  | 28,128 |  |  | — |  |  | 28,128 |
Intercompany Receivable | 475,241 |  |  | 14,212 |  |  | 9,866 |  |  | (499,319 | ) |  | — |
Deferred Income Tax Assets, Net | — |  |  | — |  |  | 1,711 |  |  | — |  |  | 1,711 |
Goodwill | 34 |  |  | 507,272 |  |  | 772 |  |  | — |  |  | 508,078 |
Intangible Assets, Net | — |  |  | 184,513 |  |  | 1,716 |  |  | — |  |  | 186,229 |
Investment in Subsidiaries | 1,264,286 |  |  | 38,702 |  |  | — |  |  | (1,302,988 | ) |  | — |
Other Non-Current Assets | 38,329 |  |  | 86,930 |  |  | 37,995 |  |  | (78,980 | ) |  | 84,274 |
Non-Current Assets of Discontinued Operations | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Assets | $ | 2,612,557 |  |  | $ | 1,934,984 |  |  | $ | 302,469 |  |  | $ | (1,882,441 | ) |  | $ | 2,967,569 |
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable | $ | 12,846 |  |  | $ | 37,950 |  |  | $ | 2,847 |  |  | $ | — |  |  | $ | 53,643 |
Accrued payroll and related taxes | 20,218 |  |  | 11,039 |  |  | 19,159 |  |  | — |  |  | 50,416 |
Accrued expenses | 89,808 |  |  | 23,645 |  |  | 22,307 |  |  | (1,154 | ) |  | 134,606 |
Current portion of capital lease obligations, long-term debt and non-recourse debt | 28,328 |  |  | 1,400 |  |  | 18,112 |  |  | — |  |  | 47,840 |
Current liabilities of discontinued operations | 315 |  |  | 4 |  |  | — |  |  | — |  |  | 319 |
Total current liabilities | 151,515 |  |  | 74,038 |  |  | 62,425 |  |  | (1,154 | ) |  | 286,824 |
Deferred Income Tax Liabilities | 42,879 |  |  | 76,557 |  |  | 34 |  |  | — |  |  | 119,470 |
Intercompany Payable | 9,866 |  |  | 472,038 |  |  | 17,415 |  |  | (499,319 | ) |  | — |
Other Non-Current Liabilities | 32,365 |  |  | 103,393 |  |  | 2,428 |  |  | (78,980 | ) |  | 59,206 |
Capital Lease Obligations | — |  |  | 12,192 |  |  | — |  |  | — |  |  | 12,192 |
Long-Term Debt | 1,324,653 |  |  | 249 |  |  | — |  |  | — |  |  | 1,324,902 |
Non-Recourse Debt | — |  |  | — |  |  | 113,136 |  |  | — |  |  | 113,136 |
Commitments & Contingencies |  |  |  |  |  |  |  |  |
Shareholders' Equity: |  |  |  |  |  |  |  |  |
The GEO Group, Inc. Shareholders' Equity | 1,051,279 |  |  | 1,196,510 |  |  | 106,478 |  |  | (1,302,988 | ) |  | 1,051,279 |
Noncontrolling Interests | — |  |  | 7 |  |  | 553 |  |  | — |  |  | 560 |
Total Shareholders’ Equity | 1,051,279 |  |  | 1,196,517 |  |  | 107,031 |  |  | (1,302,988 | ) |  | 1,051,839 |
Total Liabilities and Shareholders' Equity | $ | 2,612,557 |  |  | $ | 1,934,984 |  |  | $ | 302,469 |  |  | $ | (1,882,441 | ) |  | $ | 2,967,569 |
CONDENSED CONSOLIDATING BALANCE SHEET (dollars in thousands) (unaudited)
| As of January 1, 2012
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS
Cash and cash equivalents | $ | 15,085 |  |  | $ | 3,155 |  |  | $ | 26,513 |  |  | $ | — |  |  | $ | 44,753 |
Restricted cash and investments | — |  |  | — |  |  | 42,535 |  |  | — |  |  | 42,535 |
Accounts receivable, less allowance for doubtful accounts | 123,426 |  |  | 139,574 |  |  | 22,810 |  |  | — |  |  | 285,810 |
Deferred income tax assets, net | 14,063 |  |  | 10,875 |  |  | 3,788 |  |  | — |  |  | 28,726 |
Prepaid expenses and other current assets | 17,170 |  |  | 23,791 |  |  | 10,539 |  |  | (1,154 | ) |  | 50,346 |
Current assets of discontinued operations | 5,021 |  |  | 2,138 |  |  | — |  |  | — |  |  | 7,159 |
Total current assets | 174,765 |  |  | 179,533 |  |  | 106,185 |  |  | (1,154 | ) |  | 459,329 |
Restricted Cash and Investments | 8,016 |  |  | — |  |  | 49,896 |  |  | — |  |  | 57,912 |
Property and Equipment, Net | 620,124 |  |  | 834,345 |  |  | 250,837 |  |  | — |  |  | 1,705,306 |
Assets Held for Sale | 3,083 |  |  | 1,280 |  |  | — |  |  | — |  |  | 4,363 |
Direct Finance Lease Receivable | — |  |  | — |  |  | 32,146 |  |  | — |  |  | 32,146 |
Intercompany Receivable | 386,026 |  |  | 14,305 |  |  | 14,028 |  |  | (414,359 | ) |  | — |
Deferred Income Tax Assets, Net | — |  |  | — |  |  | 1,711 |  |  | — |  |  | 1,711 |
Goodwill | 34 |  |  | 507,272 |  |  | 760 |  |  | — |  |  | 508,066 |
Intangible Assets, Net | — |  |  | 198,477 |  |  | 1,865 |  |  | — |  |  | 200,342 |
Investment in Subsidiaries | 1,333,885 |  |  | 9,784 |  |  | — |  |  | (1,343,669 | ) |  | — |
Other Non-Current Assets | 40,695 |  |  | 73,480 |  |  | 31,022 |  |  | (65,621 | ) |  | 79,576 |
Non-Current Assets of Discontinued Operations | 697 |  |  | 168 |  |  | — |  |  | — |  |  | 865 |
Total Assets | $ | 2,567,325 |  |  | $ | 1,818,644 |  |  | $ | 488,450 |  |  | $ | (1,824,803 | ) |  | $ | 3,049,616 |
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable | $ | 47,159 |  |  | $ | 18,531 |  |  | $ | 3,942 |  |  | $ | — |  |  | $ | 69,632 |
Accrued payroll and related taxes | 2,855 |  |  | 18,273 |  |  | 17,002 |  |  | — |  |  | 38,130 |
Accrued expenses | 69,585 |  |  | 33,500 |  |  | 24,751 |  |  | (1,154 | ) |  | 126,682 |
Current portion of capital lease obligations, long-term debt and non-recourse debt | 19,037 |  |  | 1,363 |  |  | 33,266 |  |  | — |  |  | 53,666 |
Current liabilities of discontinued operations | 542 |  |  | 166 |  |  | — |  |  | — |  |  | 708 |
Total current liabilities | 139,178 |  |  | 71,833 |  |  | 78,961 |  |  | (1,154 | ) |  | 288,818 |
Deferred Income Tax Liabilities | 42,879 |  |  | 82,296 |  |  | 34 |  |  | — |  |  | 125,209 |
Intercompany Payable | 14,027 |  |  | 378,005 |  |  | 22,327 |  |  | (414,359 | ) |  | — |
Other Non-Current Liabilities | 29,384 |  |  | 28,654 |  |  | 63,964 |  |  | (65,621 | ) |  | 56,381 |
Capital Lease Obligations | — |  |  | 13,087 |  |  | — |  |  | — |  |  | 13,087 |
Long-Term Debt | 1,318,639 |  |  | 429 |  |  | — |  |  | — |  |  | 1,319,068 |
Non-Recourse Debt | — |  |  | — |  |  | 208,532 |  |  | — |  |  | 208,532 |
Commitments & Contingencies |  |  |  |  |  |  |  |  |
Shareholders' Equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
The GEO Group, Inc. Shareholders' Equity | 1,023,218 |  |  | 1,229,553 |  |  | 114,116 |  |  | (1,343,669 | ) |  | 1,023,218 |
Noncontrolling Interests | — |  |  | 14,787 |  |  | 516 |  |  | — |  |  | 15,303 |
Total Shareholders’ Equity | 1,023,218 |  |  | 1,244,340 |  |  | 114,632 |  |  | (1,343,669 | ) |  | 1,038,521 |
Total Liabilities and Shareholders' Equity | $ | 2,567,325 |  |  | $ | 1,818,644 |  |  | $ | 488,450 |  |  | $ | (1,824,803 | ) |  | $ | 3,049,616 |
CONDENSED CONSOLIDATING STATEMENTS OF INCOME |
| For the Thirteen Weeks Ended September 30, 2012
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues | $ | 152,627 |  |  | $ | 217,333 |  |  | $ | 61,846 |  |  | $ | (20,282 | ) |  | $ | 411,524 |
Operating expenses | 129,012 |  |  | 144,573 |  |  | 52,529 |  |  | (20,282 | ) |  | 305,832 |
Depreciation and amortization | 7,328 |  |  | 14,465 |  |  | 1,968 |  |  | — |  |  | 23,761 |
General and administrative expenses | 9,625 |  |  | 13,703 |  |  | 3,900 |  |  | — |  |  | 27,228 |
Operating income | 6,662 |  |  | 44,592 |  |  | 3,449 |  |  | — |  |  | 54,703 |
Interest income | 8,178 |  |  | 385 |  |  | 1,640 |  |  | (8,552 | ) |  | 1,651 |
Interest expense | (17,289 | ) |  | (8,433 | ) |  | (3,436 | ) |  | 8,552 |  |  | (20,606 | )
Loss on early extinguishment of debt | — |  |  | (8,462 | ) |  | — |  |  | — |  |  | (8,462 | )
Income (loss) before income taxes and equity in earnings of affiliates | (2,449 | ) |  | 28,082 |  |  | 1,653 |  |  | — |  |  | 27,286 |
Provision (benefit) for income taxes | (993 | ) |  | 10,981 |  |  | 1,316 |  |  | — |  |  | 11,304 |
Equity in earnings of affiliates, net of income tax provision | — |  |  | — |  |  | 474 |  |  | — |  |  | 474 |
Income (loss) from continuing operations before equity in income of consolidated subsidiaries | (1,456 | ) |  | 17,101 |  |  | 811 |  |  | — |  |  | 16,456 |
Income from consolidated subsidiaries, net of income tax provision | 17,912 |  |  | — |  |  | — |  |  | (17,912 | ) |  | — |
Income from continuing operations | 16,456 |  |  | 17,101 |  |  | 811 |  |  | (17,912 | ) |  | 16,456 |
Net income (loss) from discontinued operations | (1,729 | ) |  | (36 | ) |  | — |  |  | 36 |  |  | (1,729 | )
Net income | 14,727 |  |  | 17,065 |  |  | 811 |  |  | (17,876 | ) |  | 14,727 |
Net loss attributable to noncontrolling interests | — |  |  | — |  |  | 890 |  |  | — |  |  | 890 |
Net income attributable to The GEO Group, Inc. | $ | 14,727 |  |  | $ | 17,065 |  |  | $ | 1,701 |  |  | $ | (17,876 | ) |  | $ | 15,617 |
Net income | $ | 14,727 |  |  | $ | 17,065 |  |  | $ | 811 |  |  | $ | (17,876 | ) |  | $ | 14,727 |
Other comprehensive income, net of tax | 30 |  |  | — |  |  | 85 |  |  | — |  |  | 115 |
Total comprehensive income | $ | 14,757 |  |  | $ | 17,065 |  |  | $ | 896 |  |  | $ | (17,876 | ) |  | $ | 14,842 |
Comprehensive loss attributable to noncontrolling interests | — |  |  |  |  |  | 903 |  |  | $ | — |  |  | 903 |
Comprehensive income attributable to The GEO Group, Inc. | $ | 14,757 |  |  | $ | 17,065 |  |  | $ | 1,799 |  |  | $ | (17,876 | ) |  | $ | 15,745 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (dollars in thousands) (unaudited)
| For the Thirteen Weeks Ended October 2, 2011
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues | $ | 141,084 |  |  | $ | 218,972 |  |  | $ | 55,389 |  |  | $ | (19,762 | ) |  | $ | 395,683 |
Operating expenses | 126,613 |  |  | 148,313 |  |  | 42,536 |  |  | (19,762 | ) |  | 297,700 |
Depreciation and amortization | 5,420 |  |  | 14,574 |  |  | 1,856 |  |  | — |  |  | 21,850 |
General and administrative expenses | 9,091 |  |  | 13,483 |  |  | 3,348 |  |  | — |  |  | 25,922 |
Operating income (loss) | (40 | ) |  | 42,602 |  |  | 7,649 |  |  | — |  |  | 50,211 |
Interest income | 7,754 |  |  | 405 |  |  | 1,648 |  |  | (8,040 | ) |  | 1,767 |
Interest expense | (15,805 | ) |  | (8,065 | ) |  | (3,497 | ) |  | 8,040 |  |  | (19,327 | )
Income (loss) before income taxes and equity in earnings of affiliates | (8,091 | ) |  | 34,942 |  |  | 5,800 |  |  | — |  |  | 32,651 |
Provision (benefit) for income taxes | (3,127 | ) |  | 13,502 |  |  | 1,880 |  |  | — |  |  | 12,255 |
Equity in earnings of affiliates, net of income tax provision | — |  |  | — |  |  | 272 |  |  | — |  |  | 272 |
Income (loss) from continuing operations before equity in income of consolidated subsidiaries | (4,964 | ) |  | 21,440 |  |  | 4,192 |  |  | — |  |  | 20,668 |
Income from consolidated subsidiaries, net of income tax provision | 25,632 |  |  | — |  |  | — |  |  | (25,632 | ) |  | — |
Income from continuing operations | 20,668 |  |  | 21,440 |  |  | 4,192 |  |  | (25,632 | ) |  | 20,668 |
Net income from discontinued operations | 625 |  |  | 207 |  |  | — |  |  | (207 | ) |  | 625 |
Net income | 21,293 |  |  | 21,647 |  |  | 4,192 |  |  | (25,839 | ) |  | 21,293 |
Net loss attributable to noncontrolling interests | — |  |  | (1 | ) |  | 226 |  |  | — |  |  | 225 |
Net income attributable to The GEO Group, Inc. | $ | 21,293 |  |  | $ | 21,646 |  |  | $ | 4,418 |  |  | $ | (25,839 | ) |  | $ | 21,518 |
Net income | $ | 21,293 |  |  | $ | 21,647 |  |  | $ | 4,192 |  |  | $ | (25,839 | ) |  | $ | 21,293 |
Other comprehensive income (loss), net of tax | 9 |  |  | — |  |  | (7,530 | ) |  | — |  |  | (7,521 | )
Total comprehensive income | $ | 21,302 |  |  | $ | 21,647 |  |  | $ | (3,338 | ) |  | $ | (25,839 | ) |  | $ | 13,772 |
Comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | 325 |  |  | — |  |  | 325 |
Comprehensive income attributable to The GEO Group, Inc. | $ | 21,302 |  |  | $ | 21,647 |  |  | $ | (3,013 | ) |  | $ | (25,839 | ) |  | $ | 14,097 |
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (dollars in thousands) (unaudited)
| For the Thirty-nine Weeks Ended September 30, 2012
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues | $ | 446,997 |  |  | $ | 653,809 |  |  | $ | 185,020 |  |  | $ | (60,697 | ) |  | $ | 1,225,129 |
Operating expenses | 390,472 |  |  | 439,448 |  |  | 149,904 |  |  | (60,697 | ) |  | 919,127 |
Depreciation and amortization | 21,572 |  |  | 42,783 |  |  | 6,288 |  |  | — |  |  | 70,643 |
General and administrative expenses | 28,405 |  |  | 41,549 |  |  | 11,758 |  |  | — |  |  | 81,712 |
Operating income | 6,548 |  |  | 130,029 |  |  | 17,070 |  |  | — |  |  | 153,647 |
Interest income | 23,833 |  |  | 1,271 |  |  | 4,902 |  |  | (24,787 | ) |  | 5,219 |
Interest expense | (51,043 | ) |  | (24,270 | ) |  | (11,504 | ) |  | 24,787 |  |  | (62,030 | )
Loss on early extinguishment of debt | — |  |  | (8,462 | ) |  | — |  |  | — |  |  | (8,462 | )
Income (loss) before income taxes and equity in earnings of affiliates | (20,662 | ) |  | 98,568 |  |  | 10,468 |  |  | — |  |  | 88,374 |
Provision (benefit) for income taxes | (7,316 | ) |  | 37,974 |  |  | 4,854 |  |  | — |  |  | 35,512 |
Equity in earnings of affiliates, net of income tax provision | — |  |  | — |  |  | 1,652 |  |  | — |  |  | 1,652 |
Income (loss) from continuing operations before equity in income of consolidated subsidiaries | (13,346 | ) |  | 60,594 |  |  | 7,266 |  |  | — |  |  | 54,514 |
Income from consolidated subsidiaries, net of income tax provision | 67,860 |  |  | — |  |  | — |  |  | (67,860 | ) |  | — |
Income from continuing operations | 54,514 |  |  | 60,594 |  |  | 7,266 |  |  | (67,860 | ) |  | 54,514 |
Net income (loss) from discontinued operations | (2,252 | ) |  | 187 |  |  | — |  |  | (187 | ) |  | (2,252 | )
Net income | 52,262 |  |  | 60,781 |  |  | 7,266 |  |  | (68,047 | ) |  | 52,262 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | 881 |  |  | — |  |  | 881 |
Net income attributable to The GEO Group, Inc. | $ | 52,262 |  |  | $ | 60,781 |  |  | $ | 8,147 |  |  | $ | (68,047 | ) |  | $ | 53,143 |
Net income | $ | 52,262 |  |  | $ | 60,781 |  |  | $ | 7,266 |  |  | $ | (68,047 | ) |  | $ | 52,262 |
Other comprehensive income (loss), net of tax | 89 |  |  | — |  |  | (469 | ) |  | — |  |  | (380 | )
Total comprehensive income | $ | 52,351 |  |  | $ | 60,781 |  |  | $ | 6,797 |  |  | $ | (68,047 | ) |  | $ | 51,882 |
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | 900 |  |  | — |  |  | 900 |
Comprehensive income attributable to The GEO Group, Inc. | $ | 52,351 |  |  | $ | 60,781 |  |  | $ | 7,697 |  |  | $ | (68,047 | ) |  | $ | 52,782 |
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (dollars in thousands) (unaudited)
| For the Thirty-nine Weeks Ended October 2, 2011
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues | $ | 414,896 |  |  | $ | 646,942 |  |  | $ | 168,404 |  |  | $ | (57,411 | ) |  | $ | 1,172,831 |
Operating expenses | 377,637 |  |  | 434,589 |  |  | 131,142 |  |  | (57,411 | ) |  | 885,957 |
Depreciation and amortization | 14,275 |  |  | 41,633 |  |  | 5,588 |  |  | — |  |  | 61,496 |
General and administrative expenses | 30,055 |  |  | 44,850 |  |  | 11,515 |  |  | — |  |  | 86,420 |
Operating income (loss) | (7,071 | ) |  | 125,870 |  |  | 20,159 |  |  | — |  |  | 138,958 |
Interest income | 21,258 |  |  | 1,142 |  |  | 4,673 |  |  | (22,108 | ) |  | 4,965 |
Interest expense | (45,044 | ) |  | (21,987 | ) |  | (10,777 | ) |  | 22,108 |  |  | (55,700 | )
Income (loss) before income taxes and equity in earnings of affiliates | (30,857 | ) |  | 105,025 |  |  | 14,055 |  |  | — |  |  | 88,223 |
Provision (benefit) for income taxes | (11,836 | ) |  | 40,582 |  |  | 5,183 |  |  | — |  |  | 33,929 |
Equity in earnings of affiliates, net of income tax provision | — |  |  | — |  |  | 2,352 |  |  | — |  |  | 2,352 |
Income (loss) from continuing operations before equity in income of consolidated subsidiaries | (19,021 | ) |  | 64,443 |  |  | 11,224 |  |  | — |  |  | 56,646 |
Income from consolidated subsidiaries, net of income tax provision | 75,667 |  |  | — |  |  | — |  |  | (75,667 | ) |  | — |
Income from continuing operations | 56,646 |  |  | 64,443 |  |  | 11,224 |  |  | (75,667 | ) |  | 56,646 |
Net income from discontinued operations | 2,190 |  |  | 710 |  |  | — |  |  | (710 | ) |  | 2,190 |
Net income | 58,836 |  |  | 65,153 |  |  | 11,224 |  |  | (76,377 | ) |  | 58,836 |
Net loss attributable to noncontrolling interests | — |  |  | 1 |  |  | 1,049 |  |  | — |  |  | 1,050 |
Net income attributable to The GEO Group, Inc. | $ | 58,836 |  |  | $ | 65,154 |  |  | $ | 12,273 |  |  | $ | (76,377 | ) |  | $ | 59,886 |
Net income | $ | 58,836 |  |  | $ | 65,153 |  |  | $ | 11,224 |  |  | $ | (76,377 | ) |  | $ | 58,836 |
Other comprehensive income (loss), net of tax | 28 |  |  | — |  |  | (6,747 | ) |  | — |  |  | (6,719 | )
Total comprehensive income | 58,864 |  |  | 65,153 |  |  | 4,477 |  |  | (76,377 | ) |  | 52,117 |
Comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | 1,160 |  |  | — |  |  | 1,160 |
Comprehensive income attributable to The GEO Group, Inc. | $ | 58,864 |  |  | $ | 65,153 |  |  | $ | 5,637 |  |  | $ | (76,377 | ) |  | $ | 53,277 |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS |
| For the Thirty-nine Weeks Ended September 30, 2012
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Consolidated
Cash Flow from Operating Activities: |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 85,762 |  |  | $ | 76,993 |  |  | $ | 63,640 |  |  | $ | 226,395 |
Cash Flow from Investing Activities: |  |  |  |  |  |  |
Acquisition of ownership interests in MCF | — |  |  | (35,154 | ) |  | — |  |  | (35,154 | )
Proceeds from sale of property and equipment | 302 |  |  | 203 |  |  | 103 |  |  | 608 |
Proceeds from sale of assets held for sale | — |  |  | 5,641 |  |  | — |  |  | 5,641 |
Change in restricted cash and investments | 119 |  |  | — |  |  | 40,659 |  |  | 40,778 |
Capital expenditures | (58,800 | ) |  | (30,537 | ) |  | (3,019 | ) |  | (92,356 | )
Net cash (used in) provided by investing activities | (58,379 | ) |  | (59,847 | ) |  | 37,743 |  |  | (80,483 | )
Cash Flow from Financing Activities: |  |  |  |  |  |  |
Payments on long-term debt | (247,834 | ) |  | (1,038 | ) |  | (103,259 | ) |  | (352,131 | )
Proceeds from long-term debt | 263,000 |  |  | — |  |  | — |  |  | 263,000 |
Distribution to noncontrolling interests | — |  |  | — |  |  | (5,758 | ) |  | (5,758 | )
Proceeds from the exercise of stock options | 1,846 |  |  | — |  |  | — |  |  | 1,846 |
Debt issuance costs | (880 | ) |  | — |  |  | (37 | ) |  | (917 | )
Payment of make-whole provision and other fees for early extinguishment of debt | — |  |  | (14,861 | ) |  | — |  |  | (14,861 | )
Payments for purchase of treasury shares | (48 | ) |  | — |  |  | — |  |  | (48 | )
Income tax provision of equity compensation | 241 |  |  | — |  |  | — |  |  | 241 |
Payments for retirement of common stock | (1,035 | ) |  | — |  |  | — |  |  | (1,035 | )
Proceeds from reissuance of treasury stock in connection with ESPP | 373 |  |  | — |  |  | — |  |  | 373 |
Cash dividends paid | (12,304 | ) |  | — |  |  | — |  |  | (12,304 | )
Net cash provided by (used in) financing activities | 3,359 |  |  | (15,899 | ) |  | (109,054 | ) |  | (121,594 | )
Effect of Exchange Rate Changes on Cash and Cash Equivalents | — |  |  | — |  |  | 14 |  |  | 14 |
Net (Decrease) Increase in Cash and Cash Equivalents | 30,742 |  |  | 1,247 |  |  | (7,657 | ) |  | 24,332 |
Cash and Cash Equivalents, beginning of period | 15,085 |  |  | 3,155 |  |  | 26,513 |  |  | 44,753 |
Cash and Cash Equivalents, end of period | $ | 45,827 |  |  | $ | 4,402 |  |  | $ | 18,856 |  |  | $ | 69,085 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (dollars in thousands) (unaudited)
| For the Thirty-nine Weeks Ended October 2, 2011
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Consolidated
Cash Flow from Operating Activities: |  |  |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 118,955 |  |  | $ | 7,802 |  |  | $ | 37,367 |  |  | $ | 164,124 |
Cash Flow from Investing Activities: |  |  |  |  |  |  |
Acquisition of BI, cash consideration, net of cash acquired | (409,607 | ) |  | — |  |  | — |  |  | (409,607 | )
Proceeds from sale of property and equipment | — |  |  | 781 |  |  | 14 |  |  | 795 |
Proceeds from assets held for sale | — |  |  | 7,121 |  |  | — |  |  | 7,121 |
Change in restricted cash and investments | — |  |  | — |  |  | (4,126 | ) |  | (4,126 | )
Capital expenditures | (164,926 | ) |  | (11,196 | ) |  | (1,534 | ) |  | (177,656 | )
Net cash (used in) provided by investing activities | (574,533 | ) |  | (3,294 | ) |  | (5,646 | ) |  | (583,473 | )
Cash Flow from Financing Activities: |  |  |  |  |  |  |
Payments on long-term debt | (102,925 | ) |  | (935 | ) |  | (23,684 | ) |  | (127,544 | )
Proceeds from long-term debt | 617,247 |  |  | — |  |  | — |  |  | 617,247 |
Distribution to noncontrolling interests | — |  |  | — |  |  | (4,012 | ) |  | (4,012 | )
Proceeds from the exercise of stock options | 2,446 |  |  | — |  |  | — |  |  | 2,446 |
Income tax benefit of equity compensation | 536 |  |  | — |  |  | — |  |  | 536 |
Debt issuance costs | (11,192 | ) |  | — |  |  | — |  |  | (11,192 | )
Payments for purchase of treasury shares | (49,987 | ) |  | — |  |  | — |  |  | (49,987 | )
Net cash provided by (used in) financing activities | 456,125 |  |  | (935 | ) |  | (27,696 | ) |  | 427,494 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | — |  |  | — |  |  | (3,853 | ) |  | (3,853 | )
Net Increase in Cash and Cash Equivalents | 547 |  |  | 3,573 |  |  | 172 |  |  | 4,292 |
Cash and Cash Equivalents, beginning of period | 2,614 |  |  | 221 |  |  | 36,829 |  |  | 39,664 |
Cash and Cash Equivalents, end of period | $ | 3,161 |  |  | $ | 3,794 |  |  | $ | 37,001 |  |  | $ | 43,956 |

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