XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenues $ 565,419 $ 587,829 $ 1,141,796 $ 1,192,846
Operating expenses 405,009 444,035 833,160 905,781
Depreciation and amortization 33,306 33,434 67,423 66,761
General and administrative expenses 54,688 45,543 103,167 99,325
Operating income 72,416 64,817 138,046 120,979
Interest income 5,985 5,248 12,187 10,686
Interest expense (32,053) (30,610) (63,897) (64,790)
Gain on extinguishment of debt 1,654 0 4,693 1,563
Gain (loss) on dispositions of real estate (2,950) (1,304) 10,379 (880)
Income before income taxes and equity in earnings of affiliates 45,052 38,151 101,408 67,558
Provision for income taxes 5,063 4,196 12,999 10,742
Equity in earnings of affiliates, net of income tax provision of $291, $484, $631 and $928 respectively 1,942 2,699 4,007 4,959
Net income 41,931 36,654 92,416 61,775
Net loss attributable to noncontrolling interests 28 66 88 126
Net income attributable to The GEO Group, Inc. $ 41,959 $ 36,720 $ 92,504 $ 61,901
Weighted-average common shares outstanding:        
Basic 120,426 119,810 120,225 119,602
Diluted 120,470 119,964 120,431 119,937
Basic:        
Net income per common share attributable to The GEO Group, Inc. - basic $ 0.29 $ 0.31 $ 0.71 $ 0.52
Diluted:        
Net income per common share attributable to The GEO Group, Inc. - diluted 0.29 0.31 0.70 0.52
Dividends declared per share $ 0 $ 0.48 $ 0.25 $ 0.96