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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 67,861 $ 76,896
Restricted cash and cash equivalents 0 2,785
Accounts receivable, net of credit loss reserve of $691 and $685, respectively 389,738 376,013
Prepaid expenses and other current assets 46,451 44,485
Total current assets 504,050 500,179
Restricted Cash and Investments 170,374 145,366
Property and Equipment, Net 1,823,900 1,899,690
Assets Held for Sale 84,124 0
Operating Lease Right-of-Use Assets, Net 84,975 95,327
Deferred Income Tax Assets 9,522 9,522
Goodwill 756,021 756,001
Intangible Assets, Net 121,955 126,576
Other Non-Current Assets 106,498 99,419
Total Assets 3,661,419 3,632,080
Current Liabilities    
Accounts payable 70,012 67,464
Accrued payroll and related taxes 68,877 68,044
Accrued expenses and other current liabilities 178,587 177,768
Operating lease liabilities, current portion 22,761 25,335
Current portion of finance lease liabilities and long-term debt 220,801 1,612
Total current liabilities 561,038 340,223
Deferred Income Tax Liabilities 78,198 78,198
Other Non-Current Liabilities 99,974 95,410
Operating Lease Liabilities 65,414 73,638
Long-Term Debt, Net 1,475,375 1,711,197
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, 225,000,000 shares authorized, 141,246,396 and 140,181,318 issued and outstanding, respectively 1,413 1,402
Additional paid-in capital 1,309,317 1,315,256
Retained earnings 88,546 39,880
Accumulated other comprehensive loss (16,254) (21,602)
Total shareholders’ equity attributable to The GEO Group, Inc. 1,383,022 1,334,936
Noncontrolling interests (1,602) (1,522)
Total shareholders’ equity 1,381,420 1,333,414
Total Liabilities and Shareholders’ Equity $ 3,661,419 $ 3,632,080