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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 93,971 $ 95,073
Accounts receivable, net of credit loss reserve of $606 and $809, respectively 390,023 416,399
Prepaid expenses and other current assets 44,511 43,536
Total current assets 528,505 555,008
Restricted Cash and Investments 135,968 111,691
Property and Equipment, Net 1,944,278 2,002,021
Operating Lease Right-of-Use Assets, Net 102,204 90,950
Assets Held for Sale   480
Deferred Income Tax Assets 8,551 8,005
Goodwill 755,199 755,199
Intangible Assets, Net 135,886 147,688
Other Non-Current Assets 85,815 89,341
Total Assets 3,696,406 3,760,383
Current Liabilities    
Accounts payable 64,447 79,312
Accrued payroll and related taxes 64,436 53,225
Accrued expenses and other current liabilities 228,059 237,369
Operating lease liabilities, current portion 24,640 22,584
Current portion of finance lease liabilities, long-term debt and non-recourse debt 55,882 44,722
Total current liabilities 437,464 437,212
Deferred Income Tax Liabilities 77,369 75,849
Other Non-Current Liabilities 83,643 75,288
Operating Lease Liabilities 82,114 73,801
Long-Term Debt 1,725,502 1,933,145
Commitments and Contingencies (Note 16)
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, 130,297,248 and 128,912,410 issued and 126,087,401 and 124,060,038 outstanding, respectively 1,303 1,289
Additional paid-in capital 1,299,193 1,291,363
Reatined earnings (accumulated deficit) 103,089 (4,236)
Accumulated other comprehensive loss (16,642) (16,919)
Treasury stock, 4,209,847 and 4,852,372 shares at cost, respectively (95,175) (105,099)
Total shareholders’ equity attributable to The GEO Group, Inc. 1,291,768 1,166,398
Noncontrolling interests (1,454) (1,310)
Total shareholders’ equity 1,290,314 1,165,088
Total Liabilities and Shareholders’ Equity $ 3,696,406 $ 3,760,383