The GEO Group, Inc. (GEO) 8-K Results of Operations and Financial Condition

Exhibit 99.3

Reconciliation Tables and Supplemental Disclosure

First Quarter 2012

The GEO Group’s (“GEO”) Reconciliation Tables and Supplemental Disclosure presented herein speaks only as of the date or period indicated, and GEO does not undertake any obligation, and disclaims any duty, to update any of this information. GEO’s future financial performance is subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect GEO’s future financial results are discussed more fully in our reports filed with the SEC. Readers are advised to refer to these reports for additional information concerning GEO.

Reconciliation Tables and Supplemental Disclosure

First Quarter 2012

Reconciliation of Pro Forma Net Income to Net Income

(In thousands except per share data)

	13 Weeks Ended 1-Apr-12			13 Weeks Ended 3-Apr-11
Net Income	$	15,059		$	16,380
Net (Income) loss attributable to non-controlling interests		(34	)		410
Start-up/transition expenses, net of tax		3,055			2,189
International bid and proposal expenses, net of tax		418			—
M&A Related Expenses, net of tax		273			3,735
Pro forma net income	$	18,771		$	22,714
Diluted earnings per share	$	0.25		$	0.25
Net (Income) loss attributable to non-controlling interests		—			0.01
Start-up/transition expenses, net of tax		0.05			0.03
International bid and proposal expenses, net of tax		0.01			—
M&A Related Expenses, net of tax		—			0.06
Diluted pro forma earnings per share	$	0.31		$	0.35
Weighted average common shares outstanding-diluted		60,929			64,731

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Reconciliation Tables and Supplemental Disclosure

First Quarter 2012

Reconciliation from Adjusted EBITDA to Net Income

(In thousands)

	13 Weeks Ended 1-Apr-12			13 Weeks Ended 3-Apr-11
Net Income	$	15,059		$	16,380
Interest expense, net		19,000			15,392
Income tax provision		9,247			9,780
Depreciation and amortization		23,215			18,802
Tax provision on equity in earnings of affiliate		321			1,024
EBITDA	$	66,842		$	61,378
Adjustments
Net (Income) loss attributable to non-controlling interests	$	(34	)	$	410
Start-up/transition expenses, pre-tax		4,889			3,567
Stock-Based Compensation, pre-tax		1,506			2,061
International bid and proposal expenses, pre-tax		565			—
M&A Related Expenses, pre-tax		453			5,657
Adjusted EBITDA	$	74,221		$	73,073

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Reconciliation Tables and Supplemental Disclosure

First Quarter 2012

Reconciliation of Adjusted Funds from Operations to Net Income

(In thousands)

	13 Weeks Ended 1-Apr-12			13 Weeks Ended 3-Apr-11
Net Income	$	15,059		$	16,380
Net (Income) loss attributable to non-controlling interests		(34	)		410
Depreciation and Amortization		23,215			18,802
Income Tax Provision		9,247			9,780
Income Taxes Refunded (Paid)		9,331			(940	)
Stock-Based Compensation		1,506			2,061
Maintenance Capital Expenditures		(6,122	)		(8,319	)
Equity in Earnings of Affiliates, Net of Income Tax		(748	)		(662	)
Amortization of Debt Costs and Other Non-Cash Interest		690			226
Start-up/Transition Expenses		4,889			3,567
M&A Related Expenses		453			5,657
International Bid and Proposal Expenses		565			—
Adjusted Funds from Operations	$	58,051		$	46,962
Adjusted Funds from Operations Per Diluted Share	$	0.95		$	0.73
Weighted average common shares outstanding-diluted		60,929			64,731

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Reconciliation Tables and Supplemental Disclosure

First Quarter 2012

Business Segment Results

(In thousands)

	13 Weeks Ended 1-Apr-12		13 Weeks Ended 3-Apr-11
Revenues
U.S. Corrections & Detention	$	246,119	$	241,630
GEO Care		109,693		96,889
International Services		56,530		53,128
Facility Construction & Design		—		119
	$	412,342	$	391,766
Operating Expenses
U.S. Corrections & Detention	$	183,629	$	172,927
GEO Care		83,713		77,694
International Services		51,786		48,649
Facility Construction & Design		—		16
	$	319,128	$	299,286
Depreciation & Amortization Expense
U.S. Corrections & Detention	$	15,302	$	12,930
GEO Care		7,356		5,345
International Services		557		527
Facility Construction & Design		—		—
	$	23,215	$	18,802

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Reconciliation Tables and Supplemental Disclosure

First Quarter 2012

Business Segment Results(Continued)

	13 Weeks Ended 1-Apr-12			13 Weeks Ended 3-Apr-11
Compensated Mandays
U.S. Corrections & Detention		4,299,838			4,307,644
GEO Care		478,119			482,773
International Services		645,664			650,377
		5,423,621			5,440,794
Revenue Producing Beds
U.S. Corrections & Detention		51,212			51,187
GEO Care		5,911			6,219
International Services		7,149			7,147
		64,272			64,553
Average Occupancy*
U.S. Corrections & Detention		95.0	%		93.3	%
GEO Care		86.6	%		86.6	%
International Services		99.2	%		100.0	%
		94.7	%		93.4	%

* Average occupancy excludes the impact of GEO’s idle facilities.

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Reconciliation Tables and Supplemental Disclosure

First Quarter 2012

GEO Corrections & Detention

	13-weeks Ended 1-Apr-12		13-weeks Ended 3-Apr-11
Revenues(In thousands)
U.S. Corrections & Detention
Federal	$	148,739	$	140,144
State		94,313		98,489
Local		1,154		1,109
Other		1,913		1,888
Total U.S. Corrections & Detention	$	246,119	$	241,630
Compensated Mandays
U.S. Corrections & Detention
Federal		2,040,353		1,990,707
State		2,230,123		2,289,241
Local		29,362		27,696
Other		—		—
Total U.S. Corrections & Detention		4,299,838		4,307,644

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Reconciliation Tables and Supplemental Disclosure

First Quarter 2012

GEO Care

	13-weeks Ended 1-Apr-12		13-weeks Ended 3-Apr-11
Revenues(In thousands)
Residential Treatment Services	$	37,434	$	35,131
Community Based Services		23,823		20,754
Youth Services		23,889		27,377
BI		24,547		13,627
	$	109,693	$	96,889
Compensated Mandays
Residential
Residential Treatment Services		169,094		158,420
Community Based Services		220,494		223,122
Youth Services		88,531		101,231
Total Residential Mandays		478,119		482,773
Non-Residential Units
Community Based Services (1)		200,271		125,192
Youth Services (2)		109,940		142,636
BI (3)		5,672,041		2,993,755
Total Non-Residential Units		5,982,252		3,261,583

(1) Community Based Services Non-Residential units include home confinement populations and day reporting center participants.

(2) Youth Non-Residential units include education, counseling, and other outpatient treatment services.

(3) BI Non-Residential units include electronic monitoring services and ISAP participants.

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Reconciliation Tables and Supplemental Disclosure

First Quarter 2012

Beds in Inventory

The following table contains a list of beds in inventory, which GEO is currently marketing to correctional and detention agencies.

Facility	Location	Bed Count		Prospective Customer
Great Plains Correctional Facility	Oklahoma		2,048	State & Federal
Aurora Detention Facility	Colorado		1,000	Federal
North Lake Correctional Facility	Michigan		1,740	State & Federal
Desert View Community Correctional Facility	California		650	Counties & Federal
Central Valley Community Correctional Facility	California		640	Counties & Federal
Leo Chesney Community Correctional Facility	California		318	Counties & Federal
Mesa Verde Community Correctional Facility	California		400	Counties & Federal
McFarland Community Correctional Facility	California		260	Counties & Federal
			7,056

The combined carrying costs for GEO’s beds in inventory equal approximately $0.14 per share.

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