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Condensed Consolidating Financial Information (Tables) | 6 Months Ended
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Jun. 30, 2014 | Jun. 30, 2013
Condensed Consolidating Financial Information Disclosure [Abstract] |  |
CONDENSED CONSOLIDATING STATEMENTS OF INCOME | CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (dollars in thousands) (unaudited)
| For the Three Months Ended June 30, 2013
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues | $ | 118,859 |  |  | $ | 314,120 |  |  | $ | 55,585 |  |  | $ | (106,911 | ) |  | $ | 381,653 |
Operating expenses | 102,108 |  |  | 239,194 |  |  | 44,855 |  |  | (106,911 | ) |  | 279,246 |
Depreciation and amortization | 5,875 |  |  | 16,556 |  |  | 1,226 |  |  | — |  |  | 23,657 |
General and administrative expenses | 8,156 |  |  | 15,420 |  |  | 3,787 |  |  | — |  |  | 27,363 |
Operating income | 2,720 |  |  | 42,950 |  |  | 5,717 |  |  | — |  |  | 51,387 |
Interest income | 4,029 |  |  | 359 |  |  | 1,123 |  |  | (4,346 | ) |  | 1,165 |
Interest expense | (10,373 | ) |  | (12,708 | ) |  | (2,368 | ) |  | 4,346 |  |  | (21,103 | )
Loss on early extinguishment of debt | (2,600 | ) |  | (2,927 | ) |  | — |  |  | — |  |  | (5,527 | )
Income (loss) before income taxes and equity in earnings of affiliates | (6,224 | ) |  | 27,674 |  |  | 4,472 |  |  | — |  |  | 25,922 |
Income tax (benefit) provision | (8,339 | ) |  | 226 |  |  | 845 |  |  | — |  |  | (7,268 | )
Equity in earnings of affiliates, net of income tax provision | — |  |  | — |  |  | 1,029 |  |  | — |  |  | 1,029 |
Income before equity in income of consolidated subsidiaries | 2,115 |  |  | 27,448 |  |  | 4,656 |  |  | — |  |  | 34,219 |
Income from consolidated subsidiaries, net of income tax provision (benefit) | 32,104 |  |  | — |  |  | — |  |  | (32,104 | ) |  | — |
Net income | 34,219 |  |  | 27,448 |  |  | 4,656 |  |  | (32,104 | ) |  | 34,219 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (12 | ) |  | — |  |  | (12 | )
Net income attributable to The GEO Group, Inc. | $ | 34,219 |  |  | $ | 27,448 |  |  | $ | 4,644 |  |  | $ | (32,104 | ) |  | $ | 34,207 |
Net income | $ | 34,219 |  |  | $ | 27,448 |  |  | $ | 4,656 |  |  | $ | (32,104 | ) |  | $ | 34,219 |
Other comprehensive income (loss), net of tax | — |  |  | 40 |  |  | (5,300 | ) |  | — |  |  | (5,260 | )
Total comprehensive income | $ | 34,219 |  |  | $ | 27,488 |  |  | $ | (644 | ) |  | $ | (32,104 | ) |  | $ | 28,959 |
Comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | 19 |  |  | — |  |  | 19 |
Comprehensive income attributable to The GEO Group, Inc. | $ | 34,219 |  |  | $ | 27,488 |  |  | $ | (625 | ) |  | $ | (32,104 | ) |  | $ | 28,978 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (dollars in thousands) (unaudited)
| For the Three Months Ended June 30, 2014
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues | $ | 139,083 |  |  | $ | 327,427 |  |  | $ | 56,760 |  |  | $ | (110,427 | ) |  | $ | 412,843 |
Operating expenses | 111,191 |  |  | 251,833 |  |  | 47,461 |  |  | (110,427 | ) |  | 300,058 |
Depreciation and amortization | 6,441 |  |  | 16,169 |  |  | 1,138 |  |  | — |  |  | 23,748 |
General and administrative expenses | 9,082 |  |  | 15,355 |  |  | 3,711 |  |  | — |  |  | 28,148 |
Operating income | 12,369 |  |  | 44,070 |  |  | 4,450 |  |  | — |  |  | 60,889 |
Interest income | 5,079 |  |  | 615 |  |  | 750 |  |  | (5,620 | ) |  | 824 |
Interest expense | (11,123 | ) |  | (13,357 | ) |  | (1,742 | ) |  | 5,620 |  |  | (20,602 | )
Income before income taxes and equity in earnings of affiliates | 6,325 |  |  | 31,328 |  |  | 3,458 |  |  | — |  |  | 41,111 |
Income tax provision | — |  |  | 2,671 |  |  | 716 |  |  | — |  |  | 3,387 |
Equity in earnings of affiliates, net of income tax provision | — |  |  | — |  |  | 1,174 |  |  | — |  |  | 1,174 |
Income before equity in income of consolidated subsidiaries | 6,325 |  |  | 28,657 |  |  | 3,916 |  |  | — |  |  | 38,898 |
Income from consolidated subsidiaries, net of income tax provision | 32,573 |  |  | — |  |  | — |  |  | (32,573 | ) |  | — |
Net income attributable to The GEO Group, Inc. | $ | 38,898 |  |  | $ | 28,657 |  |  | $ | 3,916 |  |  | $ | (32,573 | ) |  | $ | 38,898 |
Net income | $ | 38,898 |  |  | $ | 28,657 |  |  | $ | 3,916 |  |  | $ | (32,573 | ) |  | $ | 38,898 |
Other comprehensive income, net of tax | — |  |  | 20 |  |  | 621 |  |  | — |  |  | 641 |
Total comprehensive income | $ | 38,898 |  |  | $ | 28,677 |  |  | $ | 4,537 |  |  | $ | (32,573 | ) |  | $ | 39,539 |
Comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Comprehensive income attributable to The GEO Group, Inc. | $ | 38,898 |  |  | $ | 28,677 |  |  | $ | 4,542 |  |  | $ | (32,573 | ) |  | $ | 39,544 |
| CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (dollars in thousands) (unaudited)
| For the Three Months Ended June 30, 2014
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues | $ | 139,083 |  |  | $ | 327,427 |  |  | $ | 56,760 |  |  | $ | (110,427 | ) |  | $ | 412,843 |
Operating expenses | 111,191 |  |  | 251,833 |  |  | 47,461 |  |  | (110,427 | ) |  | 300,058 |
Depreciation and amortization | 6,441 |  |  | 16,169 |  |  | 1,138 |  |  | — |  |  | 23,748 |
General and administrative expenses | 9,082 |  |  | 15,355 |  |  | 3,711 |  |  | — |  |  | 28,148 |
Operating income | 12,369 |  |  | 44,070 |  |  | 4,450 |  |  | — |  |  | 60,889 |
Interest income | 5,079 |  |  | 615 |  |  | 750 |  |  | (5,620 | ) |  | 824 |
Interest expense | (11,123 | ) |  | (13,357 | ) |  | (1,742 | ) |  | 5,620 |  |  | (20,602 | )
Income before income taxes and equity in earnings of affiliates | 6,325 |  |  | 31,328 |  |  | 3,458 |  |  | — |  |  | 41,111 |
Income tax provision | — |  |  | 2,671 |  |  | 716 |  |  | — |  |  | 3,387 |
Equity in earnings of affiliates, net of income tax provision | — |  |  | — |  |  | 1,174 |  |  | — |  |  | 1,174 |
Income before equity in income of consolidated subsidiaries | 6,325 |  |  | 28,657 |  |  | 3,916 |  |  | — |  |  | 38,898 |
Income from consolidated subsidiaries, net of income tax provision | 32,573 |  |  | — |  |  | — |  |  | (32,573 | ) |  | — |
Net income attributable to The GEO Group, Inc. | $ | 38,898 |  |  | $ | 28,657 |  |  | $ | 3,916 |  |  | $ | (32,573 | ) |  | $ | 38,898 |
Net income | $ | 38,898 |  |  | $ | 28,657 |  |  | $ | 3,916 |  |  | $ | (32,573 | ) |  | $ | 38,898 |
Other comprehensive income, net of tax | — |  |  | 20 |  |  | 621 |  |  | — |  |  | 641 |
Total comprehensive income | $ | 38,898 |  |  | $ | 28,677 |  |  | $ | 4,537 |  |  | $ | (32,573 | ) |  | $ | 39,539 |
Comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Comprehensive income attributable to The GEO Group, Inc. | $ | 38,898 |  |  | $ | 28,677 |  |  | $ | 4,542 |  |  | $ | (32,573 | ) |  | $ | 39,544 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (dollars in thousands) (unaudited)
| For the Three Months Ended June 30, 2013
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues | $ | 118,859 |  |  | $ | 314,120 |  |  | $ | 55,585 |  |  | $ | (106,911 | ) |  | $ | 381,653 |
Operating expenses | 102,108 |  |  | 239,194 |  |  | 44,855 |  |  | (106,911 | ) |  | 279,246 |
Depreciation and amortization | 5,875 |  |  | 16,556 |  |  | 1,226 |  |  | — |  |  | 23,657 |
General and administrative expenses | 8,156 |  |  | 15,420 |  |  | 3,787 |  |  | — |  |  | 27,363 |
Operating income | 2,720 |  |  | 42,950 |  |  | 5,717 |  |  | — |  |  | 51,387 |
Interest income | 4,029 |  |  | 359 |  |  | 1,123 |  |  | (4,346 | ) |  | 1,165 |
Interest expense | (10,373 | ) |  | (12,708 | ) |  | (2,368 | ) |  | 4,346 |  |  | (21,103 | )
Loss on early extinguishment of debt | (2,600 | ) |  | (2,927 | ) |  | — |  |  | — |  |  | (5,527 | )
Income (loss) before income taxes and equity in earnings of affiliates | (6,224 | ) |  | 27,674 |  |  | 4,472 |  |  | — |  |  | 25,922 |
Income tax (benefit) provision | (8,339 | ) |  | 226 |  |  | 845 |  |  | — |  |  | (7,268 | )
Equity in earnings of affiliates, net of income tax provision | — |  |  | — |  |  | 1,029 |  |  | — |  |  | 1,029 |
Income before equity in income of consolidated subsidiaries | 2,115 |  |  | 27,448 |  |  | 4,656 |  |  | — |  |  | 34,219 |
Income from consolidated subsidiaries, net of income tax provision (benefit) | 32,104 |  |  | — |  |  | — |  |  | (32,104 | ) |  | — |
Net income | 34,219 |  |  | 27,448 |  |  | 4,656 |  |  | (32,104 | ) |  | 34,219 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (12 | ) |  | — |  |  | (12 | )
Net income attributable to The GEO Group, Inc. | $ | 34,219 |  |  | $ | 27,448 |  |  | $ | 4,644 |  |  | $ | (32,104 | ) |  | $ | 34,207 |
Net income | $ | 34,219 |  |  | $ | 27,448 |  |  | $ | 4,656 |  |  | $ | (32,104 | ) |  | $ | 34,219 |
Other comprehensive income (loss), net of tax | — |  |  | 40 |  |  | (5,300 | ) |  | — |  |  | (5,260 | )
Total comprehensive income | $ | 34,219 |  |  | $ | 27,488 |  |  | $ | (644 | ) |  | $ | (32,104 | ) |  | $ | 28,959 |
Comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | 19 |  |  | — |  |  | 19 |
Comprehensive income attributable to The GEO Group, Inc. | $ | 34,219 |  |  | $ | 27,488 |  |  | $ | (625 | ) |  | $ | (32,104 | ) |  | $ | 28,978 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (dollars in thousands) (unaudited)
| For the Six Months Ended June 30, 2014
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues | $ | 273,837 |  |  | $ | 642,412 |  |  | $ | 109,091 |  |  | $ | (219,360 | ) |  | $ | 805,980 |
Operating expenses | 218,413 |  |  | 502,513 |  |  | 90,415 |  |  | (219,360 | ) |  | 591,981 |
Depreciation and amortization | 12,847 |  |  | 32,803 |  |  | 2,240 |  |  | — |  |  | 47,890 |
General and administrative expenses | 18,421 |  |  | 30,891 |  |  | 7,338 |  |  | — |  |  | 56,650 |
Operating income | 24,156 |  |  | 76,205 |  |  | 9,098 |  |  | — |  |  | 109,459 |
Interest income | 10,615 |  |  | 1,051 |  |  | 1,429 |  |  | (11,539 | ) |  | 1,556 |
Interest expense | (22,197 | ) |  | (27,121 | ) |  | (3,475 | ) |  | 11,539 |  |  | (41,254 | )
Income before income taxes and equity in earnings of affiliates | 12,574 |  |  | 50,135 |  |  | 7,052 |  |  | — |  |  | 69,761 |
Income tax provision | — |  |  | 3,965 |  |  | 1,560 |  |  | — |  |  | 5,525 |
Equity in earnings of affiliates, net of income tax provision | — |  |  | — |  |  | 2,658 |  |  | — |  | 2,246 |  | 2,658 |
Income before equity in income of consolidated subsidiaries | 12,574 |  |  | 46,170 |  |  | 8,150 |  |  | — |  |  | 66,894 |
Income from consolidated subsidiaries, net of income tax provision | 54,320 |  |  | — |  |  | — |  |  | (54,320 | ) |  | — |
Net income | 66,894 |  |  | 46,170 |  |  | 8,150 |  |  | (54,320 | ) |  | 66,894 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (6 | ) |  | — |  |  | (6 | )
Net income attributable to The GEO Group, Inc. | $ | 66,894 |  |  | $ | 46,170 |  |  | $ | 8,144 |  |  | $ | (54,320 | ) |  | $ | 66,888 |
Net income | $ | 66,894 |  |  | $ | 46,170 |  |  | $ | 8,150 |  |  | $ | (54,320 | ) |  | $ | 66,894 |
Other comprehensive income, net of tax | — |  |  | 39 |  |  | 1,644 |  |  | — |  |  | 1,683 |
Total comprehensive income | $ | 66,894 |  |  | $ | 46,209 |  |  | $ | 9,794 |  |  | $ | (54,320 | ) |  | $ | 68,577 |
Comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Comprehensive income attributable to The GEO Group, Inc. | $ | 66,894 |  |  | $ | 46,209 |  |  | $ | 9,796 |  |  | $ | (54,320 | ) |  | $ | 68,579 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (dollars in thousands) (unaudited)
| For the Six Months Ended June 30, 2013
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues | $ | 232,348 |  |  | $ | 626,649 |  |  | $ | 112,970 |  |  | $ | (213,283 | ) |  | $ | 758,684 |
Operating expenses | 201,518 |  |  | 479,671 |  |  | 92,137 |  |  | (213,283 | ) |  | 560,043 |
Depreciation and amortization | 11,697 |  |  | 32,438 |  |  | 2,457 |  |  | — |  |  | 46,592 |
General and administrative expenses | 17,354 |  |  | 33,612 |  |  | 8,437 |  |  | — |  |  | 59,403 |
Operating income | 1,779 |  |  | 80,928 |  |  | 9,939 |  |  | — |  |  | 92,646 |
Interest income | 7,989 |  |  | 909 |  |  | 2,219 |  |  | (8,768 | ) |  | 2,349 |
Interest expense | (20,292 | ) |  | (24,139 | ) |  | (4,781 | ) |  | 8,768 |  |  | (40,444 | )
Loss on early extinguishment of debt | (2,600 | ) |  | (2,927 | ) |  | — |  |  | — |  |  | (5,527 | )
Income (loss) before income taxes and equity in earnings of affiliates | (13,124 | ) |  | 54,771 |  |  | 7,377 |  |  | — |  |  | 49,024 |
Income tax (benefit) provision | (9,006 | ) |  | 632 |  |  | 1,987 |  |  | — |  |  | (6,387 | )
Equity in earnings of affiliates, net of income tax provision | — |  |  | — |  |  | 2,246 |  |  | — |  |  | 2,246 |
Income before equity in income of consolidated subsidiaries | (4,118 | ) |  | 54,139 |  |  | 7,636 |  |  | — |  |  | 57,657 |
Income from consolidated subsidiaries, net of income tax provision (benefit) | 61,775 |  |  | — |  |  | — |  |  | (61,775 | ) |  | — |
Net income | 57,657 |  |  | 54,139 |  |  | 7,636 |  |  | (61,775 | ) |  | 57,657 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (30 | ) |  | — |  |  | (30 | )
Net income attributable to The GEO Group, Inc. | $ | 57,657 |  |  | $ | 54,139 |  |  | $ | 7,606 |  |  | $ | (61,775 | ) |  | $ | 57,627 |
Net income | $ | 57,657 |  |  | $ | 54,139 |  |  | $ | 7,636 |  |  | $ | (61,775 | ) |  | $ | 57,657 |
Other comprehensive income (loss), net of tax | $ | — |  |  | $ | 80 |  |  | $ | (6,520 | ) |  | $ | — |  |  | $ | (6,440 | )
Total comprehensive income | 57,657 |  |  | 54,219 |  |  | 1,116 |  |  | (61,775 | ) |  | 51,217 |
Comprehensive loss attributable to noncontrolling interests | $ | — |  |  | $ | — |  |  | $ | 42 |  |  | $ | — |  |  | $ | 42 |
Comprehensive income attributable to The GEO Group, Inc. | 57,657 |  |  | 54,219 |  |  | 1,158 |  |  | (61,775 | ) |  | 51,259 |
CONDENSED CONSOLIDATING BALANCE SHEET |
| As of June 30, 2014
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS
Cash and cash equivalents | $ | 1,184 |  |  | $ | 2,919 |  |  | $ | 33,257 |  |  | $ | — |  |  | $ | 37,360 |
Restricted cash and investments | — |  |  | — |  |  | 14,448 |  |  | — |  |  | 14,448 |
Accounts receivable, less allowance for doubtful accounts | 96,897 |  |  | 156,652 |  |  | 17,416 |  |  | — |  |  | 270,965 |
Current deferred income tax assets | — |  |  | 19,236 |  |  | 1,700 |  |  | — |  |  | 20,936 |
Prepaid expenses and other current assets | 8,941 |  |  | 16,419 |  |  | 15,791 |  |  | (1,153 | ) |  | 39,998 |
Total current assets | 107,022 |  |  | 195,226 |  |  | 82,612 |  |  | (1,153 | ) |  | 383,707 |
Restricted Cash and Investments | 207 |  |  | 13,242 |  |  | 11,331 |  |  | — |  |  | 24,780 |
Property and Equipment, Net | 697,383 |  |  | 955,715 |  |  | 84,259 |  |  | — |  |  | 1,737,357 |
Direct Finance Lease Receivable | — |  |  | — |  |  | 14,361 |  |  | — |  |  | 14,361 |
Intercompany Receivable | 936,036 |  |  | 123,557 |  |  | — |  |  | (1,059,593 | ) |  | — |
Non-Current Deferred Income Tax Assets | — |  |  | — |  |  | 4,821 |  |  | — |  |  | 4,821 |
Goodwill | 34 |  |  | 493,368 |  |  | 693 |  |  | — |  |  | 494,095 |
Intangible Assets, Net | — |  |  | 161,807 |  |  | 1,184 |  |  | — |  |  | 162,991 |
Investment in Subsidiaries | 904,438 |  |  | 413,223 |  |  | 4 |  |  | (1,317,665 | ) |  | — |
Other Non-Current Assets | 20,250 |  |  | 104,920 |  |  | 37,881 |  |  | (79,780 | ) |  | 83,271 |
Total Assets | $ | 2,665,370 |  |  | $ | 2,461,058 |  |  | $ | 237,146 |  |  | $ | (2,458,191 | ) |  | $ | 2,905,383 |
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable | $ | 6,298 |  |  | $ | 47,180 |  |  | $ | 2,989 |  |  | $ | — |  |  | $ | 56,467 |
Accrued payroll and related taxes | 208 |  |  | 21,874 |  |  | 17,725 |  |  | — |  |  | 39,807 |
Accrued expenses and other | 40,785 |  |  | 70,188 |  |  | 18,020 |  |  | (1,154 | ) |  | 127,839 |
Current portion of capital lease obligations, long-term debt and non-recourse debt | 3,000 |  |  | 1,138 |  |  | 18,699 |  |  | — |  |  | 22,837 |
Total current liabilities | 50,291 |  |  | 140,380 |  |  | 57,433 |  |  | (1,154 | ) |  | 246,950 |
Non-Current Deferred Income Tax Liabilities | (2,451 | ) |  | 17,123 |  |  | 17 |  |  | — |  |  | 14,689 |
Intercompany Payable | 113,918 |  |  | 931,296 |  |  | 14,379 |  |  | (1,059,593 | ) |  | — |
Other Non-Current Liabilities | 4,960 |  |  | 139,649 |  |  | 5,603 |  |  | (79,870 | ) |  | 70,342 |
Capital Lease Obligations | — |  |  | 10,401 |  |  | — |  |  | — |  |  | 10,401 |
Long-Term Debt | 1,479,027 |  |  | — |  |  | — |  |  | — |  |  | 1,479,027 |
Non-Recourse Debt | — |  |  | — |  |  | 63,894 |  |  | — |  |  | 63,894 |
Commitments & Contingencies and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |
Shareholders' Equity: |  |  |  |  |  |  |  |  |
The GEO Group, Inc. Shareholders' Equity | 1,019,625 |  |  | 1,222,209 |  |  | 95,364 |  |  | (1,317,574 | ) |  | 1,019,624 |
Noncontrolling Interests | — |  |  | — |  |  | 456 |  |  | — |  |  | 456 |
Total Shareholders’ Equity | 1,019,625 |  |  | 1,222,209 |  |  | 95,820 |  |  | (1,317,574 | ) |  | 1,020,080 |
Total Liabilities and Shareholders' Equity | $ | 2,665,370 |  |  | $ | 2,461,058 |  |  | $ | 237,146 |  |  | $ | (2,458,191 | ) |  | $ | 2,905,383 |
CONDENSED CONSOLIDATING BALANCE SHEET (dollars in thousands)
| As of December 31, 2013
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS
Cash and cash equivalents | $ | 30,730 |  |  | $ | 985 |  |  | $ | 20,410 |  |  | $ | — |  |  | $ | 52,125 |
Restricted cash and investments | — |  |  | — |  |  | 11,518 |  |  | — |  |  | 11,518 |
Accounts receivable, less allowance for doubtful accounts | 84,087 |  |  | 149,239 |  |  | 17,204 |  |  | — |  |  | 250,530 |
Current deferred income tax assets | — |  |  | 19,236 |  |  | 1,700 |  |  | — |  |  | 20,936 |
Prepaid expenses and other current assets | 17,834 |  |  | 21,032 |  |  | 11,524 |  |  | (1,154 | ) |  | 49,236 |
Total current assets | 132,651 |  |  | 190,492 |  |  | 62,356 |  |  | (1,154 | ) |  | 384,345 |
Restricted Cash and Investments | 167 |  |  | 11,158 |  |  | 7,024 |  |  | — |  |  | 18,349 |
Property and Equipment, Net | 686,005 |  |  | 956,724 |  |  | 85,069 |  |  | — |  |  | 1,727,798 |
Direct Finance Lease Receivable | — |  |  | — |  |  | 16,944 |  |  | — |  |  | 16,944 |
Intercompany Receivable | 947,916 |  |  | 123,237 |  |  | — |  |  | (1,071,153 | ) |  | — |
Non-Current Deferred Income Tax Assets | — |  |  | — |  |  | 4,821 |  |  | — |  |  | 4,821 |
Goodwill | 34 |  |  | 489,501 |  |  | 661 |  |  | — |  |  | 490,196 |
Intangible Assets, Net | — |  |  | 162,160 |  |  | 1,240 |  |  | — |  |  | 163,400 |
Investment in Subsidiaries | 898,333 |  |  | 421,218 |  |  | — |  |  | (1,319,551 | ) |  | — |
Other Non-Current Assets | 23,346 |  |  | 104,241 |  |  | 35,615 |  |  | (79,691 | ) |  | 83,511 |
Total Assets | $ | 2,688,452 |  |  | $ | 2,458,731 |  |  | $ | 213,730 |  |  | $ | (2,471,549 | ) |  | $ | 2,889,364 |
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable | $ | 29,866 |  |  | $ | 13,895 |  |  | $ | 3,525 |  |  | $ | — |  |  | $ | 47,286 |
Accrued payroll and related taxes | 207 |  |  | 23,470 |  |  | 15,049 |  |  | — |  |  | 38,726 |
Accrued expenses and other | 26,963 |  |  | 74,645 |  |  | 14,496 |  |  | (1,154 | ) |  | 114,950 |
Current portion of capital lease obligations, long-term debt and non-recourse debt | 3,000 |  |  | 1,185 |  |  | 17,978 |  |  | — |  |  | 22,163 |
Total current liabilities | 60,036 |  |  | 113,195 |  |  | 51,048 |  |  | (1,154 | ) |  | 223,125 |
Non-Current Deferred Income Tax Liabilities | (120 | ) |  | 14,792 |  |  | 17 |  |  | — |  |  | 14,689 |
Intercompany Payable | 114,208 |  |  | 942,666 |  |  | 14,279 |  |  | (1,071,153 | ) |  | — |
Other Non-Current Liabilities | 5,270 |  |  | 138,743 |  |  | 639 |  |  | (79,691 | ) |  | 64,961 |
Capital Lease Obligations | — |  |  | 10,924 |  |  | — |  |  | — |  |  | 10,924 |
Long-Term Debt | 1,485,536 |  |  | — |  |  | — |  |  | — |  |  | 1,485,536 |
Non-Recourse Debt | — |  |  | — |  |  | 66,153 |  |  | — |  |  | 66,153 |
Commitments & Contingencies and Other |  |  |  |  |  |  |  |  |
Shareholders' Equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
The GEO Group, Inc. Shareholders' Equity | 1,023,522 |  |  | 1,238,411 |  |  | 81,140 |  |  | (1,319,551 | ) |  | 1,023,522 |
Noncontrolling Interests | — |  |  | — |  |  | 454 |  |  | — |  |  | 454 |
Total Shareholders’ Equity | 1,023,522 |  |  | 1,238,411 |  |  | 81,594 |  |  | (1,319,551 | ) |  | 1,023,976 |
Total Liabilities and Shareholders' Equity | $ | 2,688,452 |  |  | $ | 2,458,731 |  |  | $ | 213,730 |  |  | $ | (2,471,549 | ) |  | $ | 2,889,364 |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS |
| For the Six Months Ended June 30, 2014
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Consolidated
Cash Flow from Operating Activities: |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 76,863 |  |  | $ | 33,090 |  |  | $ | 22,191 |  |  | $ | 132,144 |
Cash Flow from Investing Activities: |  |  |  |  |  |  |
Acquisition of Protocol, cash consideration | — |  |  | (13,000 | ) |  | — |  |  | (13,000 | )
Proceeds from sale of property and equipment | — |  |  | 514 |  |  | — |  |  | 514 |
Change in restricted cash and investments | (207 | ) |  | (1,917 | ) |  | (6,812 | ) |  | (8,936 | )
Capital expenditures | (24,197 | ) |  | (16,671 | ) |  | (254 | ) |  | (41,122 | )
Net cash used in investing activities | (24,404 | ) |  | (31,074 | ) |  | (7,066 | ) |  | (62,544 | )
Cash Flow from Financing Activities: |  |  |  |  |  |  |
Proceeds from long-term debt | 9,000 |  |  | — |  |  | — |  |  | 9,000 |
Payments on long-term debt | (14,000 | ) |  | (82 | ) |  | (3,097 | ) |  | (17,179 | )
Indirect repurchases of treasury shares | (1,416 | ) |  | — |  |  | — |  |  | (1,416 | )
Proceeds from reissuance of treasury stock in connection with ESPP | 185 |  |  | — |  |  | — |  |  | 185 |
Tax benefit related to equity compensation | 1,351 |  |  | — |  |  | — |  |  | 1,351 |
Proceeds from stock options exercised | 5,531 |  |  | — |  |  | — |  |  | 5,531 |
Cash dividends paid | (82,656 | ) |  | — |  |  | — |  |  | (82,656 | )
Net cash used in financing activities | (82,005 | ) |  | (82 | ) |  | (3,097 | ) |  | (85,184 | )
Effect of Exchange Rate Changes on Cash and Cash Equivalents | — |  |  | — |  |  | 819 |  |  | 819 |
Net Increase (Decrease) in Cash and Cash Equivalents | (29,546 | ) |  | 1,934 |  |  | 12,847 |  |  | (14,765 | )
Cash and Cash Equivalents, beginning of period | 30,730 |  |  | 985 |  |  | 20,410 |  |  | 52,125 |
Cash and Cash Equivalents, end of period | $ | 1,184 |  |  | $ | 2,919 |  |  | $ | 33,257 |  |  | $ | 37,360 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (dollars in thousands) (unaudited)
| For the Six Months Ended June 30, 2013
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Consolidated
Cash Flow from Operating Activities: |  |  |  |  |  |  |
Net cash provided by operating activities | 58,343 |  |  | 18,932 |  |  | 24,039 |  |  | 101,314 |
Cash Flow from Investing Activities: |  |  |  |  |  |  |
Proceeds from sale of property and equipment | — |  |  | 51 |  |  | — |  |  | 51 |
Proceeds from sale of assets held for sale | — |  |  | 1,968 |  |  | — |  |  | 1,968 |
Net working capital adjustment from RTS divestiture | (996 | ) |  | — |  |  | — |  |  | (996 | )
Change in restricted cash and investments | (134 | ) |  | (1,457 | ) |  | (4,319 | ) |  | (5,910 | )
Capital expenditures | (69,567 | ) |  | (19,666 | ) |  | (688 | ) |  | (89,921 | )
Net cash used in investing activities | (70,697 | ) |  | (19,104 | ) |  | (5,007 | ) |  | (94,808 | )
Cash Flow from Financing Activities: |  |  |  |  |  |  |
Proceeds from long-term debt | 785,000 |  |  | — |  |  | — |  |  | 785,000 |
Tax benefit related to equity compensation | 1,308 |  |  | — |  |  | — |  |  | 1,308 |
Debt issuance costs | (17,017 | ) |  | — |  |  | — |  |  | (17,017 | )
Payments on long-term debt | (688,675 | ) |  | (661 | ) |  | (8,412 | ) |  | (697,748 | )
Proceeds from stock options exercised | 4,082 |  |  | — |  |  | — |  |  | 4,082 |
Cash dividends paid | (71,527 | ) |  | — |  |  | — |  |  | (71,527 | )
Proceeds from reissuance of treasury stock in connection with ESPP | 155 |  |  | — |  |  | — |  |  | 155 |
Net cash provided by (used in) financing activities | 13,326 |  |  | (661 | ) |  | (8,412 | ) |  | 4,253 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | — |  |  | — |  |  | (4,003 | ) |  | (4,003 | )
Net Increase in Cash and Cash Equivalents | 972 |  |  | (833 | ) |  | 6,617 |  |  | 6,756 |
Cash and Cash Equivalents, beginning of period | 4,764 |  |  | 1,917 |  |  | 25,074 |  |  | 31,755 |
Cash and Cash Equivalents, end of period | $ | 5,736 |  |  | $ | 1,084 |  |  | $ | 31,691 |  |  | $ | 38,511 |

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