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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 483,048 $ 283,524
Restricted cash and cash equivalents 29,892 26,740
Accounts receivable, less allowance for doubtful accounts of $2,708 and $4,183, respectively 313,831 362,668
Contract receivable, current portion 6,420 6,283
Prepaid expenses and other current assets 35,449 32,108
Total current assets 868,640 711,323
Restricted Cash and Investments 45,465 37,338
Property and Equipment, Net 2,074,350 2,122,195
Assets Held for Sale 28,197 9,108
Contract Receivable 382,829 396,647
Operating Lease Right-of-Use Assets, Net 120,208 124,727
Deferred Income Tax Assets 36,604 36,604
Goodwill 755,239 755,250
Intangible Assets, Net 177,514 187,747
Other Non-Current Assets 74,563 79,187
Total Assets 4,563,609 4,460,126
Current Liabilities    
Accounts payable 75,329 85,861
Accrued payroll and related taxes 65,298 67,797
Accrued expenses and other current liabilities 189,770 202,378
Operating lease liabilities, current portion 28,095 29,080
Current portion of finance lease liabilities, long-term debt and non-recourse debt 27,240 26,180
Total current liabilities 385,732 411,296
Deferred Income Tax Liabilities 30,726 30,726
Other Non-Current Liabilities 117,273 115,555
Operating Lease Liabilities 98,474 101,375
Finance Lease Liabilities 2,614 2,988
Long-Term Debt 2,632,332 2,561,881
Non-Recourse Debt 311,390 324,223
Commitments and Contingencies (Note 11)
Shareholders’ Equity    
Preferred stock, $0.01 par value, 30,000,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.01 par value, 187,500,000 shares authorized, 127,261,310 and 126,153,173 issued and 122,408,938 and 121,318,175 outstanding, respectively 1,273 1,262
Additional paid-in capital 1,272,014 1,262,267
Distributions in excess of earnings (160,875) (222,892)
Accumulated other comprehensive loss (21,132) (22,589)
Treasury stock, 4,852,372 and 4,834,998 shares, at cost, respectively (105,099) (104,946)
Total shareholders’ equity attributable to The GEO Group, Inc. 986,181 913,102
Noncontrolling interests (1,113) (1,020)
Total shareholders’ equity 985,068 912,082
Total Liabilities and Shareholders’ Equity $ 4,563,609 $ 4,460,126