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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 126,497 $ 93,971
Accounts receivable, net of credit loss reserve of $677 and $606, respectively 356,717 390,023
Prepaid expenses and other current assets 48,276 44,511
Total current assets 531,490 528,505
Restricted Cash and Investments 141,378 135,968
Property and Equipment, Net 1,929,012 1,944,278
Operating Lease Right-of-Use Assets, Net 97,318 102,204
Deferred Income Tax Assets 8,551 8,551
Goodwill 756,019 755,199
Intangible Assets, Net 133,516 135,886
Other Non-Current Assets 87,226 85,815
Total Assets 3,684,510 3,696,406
Current Liabilities    
Accounts payable 67,822 64,447
Accrued payroll and related taxes 89,160 64,436
Accrued expenses and other current liabilities 196,276 228,059
Operating lease liabilities, current portion 24,271 24,640
Current portion of finance lease liabilities and long-term debt 43,400 55,882
Total current liabilities 420,929 437,464
Deferred Income Tax Liabilities 74,872 77,369
Other Non-Current Liabilities 85,609 83,643
Operating Lease Liabilities 77,431 82,114
Long-Term Debt, Net 1,717,048 1,725,502
Commitments, Contingencies and Other Matters (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, 130,668,619 and 130,297,248 issued and 126,458,772 and 126,087,401 outstanding, respectively 1,307 1,303
Additional paid-in capital 1,297,998 1,299,193
Retained earnings 125,757 103,089
Accumulated other comprehensive loss (19,815) (16,642)
Treasury stock, 4,209,847 shares, at cost, respectively (95,175) (95,175)
Total shareholders’ equity attributable to The GEO Group, Inc. 1,310,072 1,291,768
Noncontrolling interests (1,451) (1,454)
Total shareholders’ equity 1,308,621 1,290,314
Total Liabilities and Shareholders’ Equity $ 3,684,510 $ 3,696,406