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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flow from Operating Activities:      
Net income $ 107,183 $ 171,692 $ 77,233
Net loss attributable to noncontrolling interests 142 121 185
Net Income Attributable to The GEO Group, Inc. 107,325 171,813 77,418
Adjustments to reconcile net income attributable to The GEO Group, Inc. to net cash provided by operating activities:      
Depreciation and amortization expense 125,784 132,925 135,177
Deferred tax provision (benefit) 1,476 (13,126) 86,380
Amortization of debt issuance costs, discount and/or premium and other non-cash interest 12,030 9,004 7,498
Stock-based compensation 15,065 16,204 19,199
Loss (gain) on extinguishment of debt 8,532 37,895 (4,693)
Provision for doubtful accounts   258  
Equity in earnings of affiliates, net of tax (4,534) (4,771) (7,141)
Loss (gain) on sale/disposal of property and equipment 1,197 (114) 8,447
Net gain on disposition of assets (4,691) (32,332) (5,499)
Dividends received from unconsolidated joint ventures 2,987 4,486 8,263
Changes in assets and liabilities, net of acquisition:      
Changes in accounts receivable, prepaid expenses and other assets 11,672 (52,980) 9,466
Changes in contract receivable   5,305 6,231
Changes in accounts payable, accrued expenses and other liabilities 8,090 21,845 (58,111)
Net cash provided by operating activities 284,933 296,412 282,635
Cash Flow from Investing Activities:      
Insurance proceeds - damaged property     1,027
Proceeds from sale of real estate and other assets 19,583 101,419 25,369
Payment received on note receivable     8,000
Change in restricted investments (7,151) (8,433) (18,739)
Capital expenditures (73,002) (90,026) (69,394)
Net cash provided by (used in) investing activities (60,570) 2,960 (53,737)
Cash Flow from Financing Activities:      
Payments on long-term debt (208,390) (680,850) (360,296)
Proceeds from long term debt   30,000 435,000
Payments on non-recourse debt   (5,676) (21,575)
Taxes paid related to net share settlements of equity awards (3,443) (1,302) (2,090)
Debt issuance costs (2,396) (41,536) (9,587)
Proceeds from the sale of treasury shares 5,750    
Proceeds from stock options exercised 239 66 15
Proceeds from issuance of common stock in connection with ESPP 157 198 282
Dividends paid     (30,486)
Net cash provided by (used in) financing activities (208,083) (699,100) 11,263
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents (256) (4,751) (3,692)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents 16,024 (404,479) 236,469
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period 143,843 548,322 311,853
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period 159,867 143,843 548,322
Cash paid during the year for:      
Income taxes 19,227 44,612 49,483
Interest 198,710 103,752 122,162
Non-cash investing and financing activities:      
Assets obtained from finance lease liabilities     1,198
Principal Exchanges of Debt   1,620,318  
Debt Issuance Costs in Accrued Expenses   11,245  
Conversion of shares of common stock to retirement liability     3,600
Right-of-use assets obtained from operating lease liabilities (subsequent to initial adoption) 35,233 11,697 10,786
Capital expenditures in accounts payable and accrued expenses $ 675 $ 6,127 $ 7,340