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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 46,299 $ 93,971
Restricted cash and cash equivalents 6,240  
Accounts receivable, net of credit loss reserve of $677 and $606, respectively 384,072 390,023
Prepaid expenses and other current assets 53,802 44,511
Total current assets 490,413 528,505
Restricted Cash and Investments 141,312 135,968
Property and Equipment, Net 1,919,541 1,944,278
Assets Held for Sale 6,080  
Operating Lease Right-of-Use Assets, Net 95,365 102,204
Deferred Income Tax Assets 8,551 8,551
Goodwill 756,027 755,199
Intangible Assets, Net 131,208 135,886
Other Non-Current Assets 95,491 85,815
Total Assets 3,643,988 3,696,406
Current Liabilities    
Accounts payable 76,287 64,447
Accrued payroll and related taxes 64,940 64,436
Accrued expenses and other current liabilities 198,626 228,059
Operating lease liabilities, current portion 24,568 24,640
Current portion of finance lease liabilities and long-term debt 24,442 55,882
Total current liabilities 388,863 437,464
Deferred Income Tax Liabilities 72,604 77,369
Other Non-Current Liabilities 87,869 83,643
Operating Lease Liabilities 74,924 82,114
Long-Term Debt, Net 1,739,191 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, 225,000,000 shares authorized,139,551,206 and 130,297,248 issued and 139,551,206 and 126,087,401 outstanding, respectively 1,396 1,303
Additional paid-in capital 1,299,558 1,299,193
Retained earnings (accumulated deficit) (1,931) 103,089
Accumulated other comprehensive loss (16,970) (16,642)
Treasury stock, 0 and 4,209,847 shares, at cost, respectively   (95,175)
Total shareholders’ equity attributable to The GEO Group, Inc. 1,282,053 1,291,768
Noncontrolling interests (1,516) (1,454)
Total shareholders’ equity 1,280,537 1,290,314
Total Liabilities and Shareholders’ Equity $ 3,643,988 $ 3,696,406