XML 9 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenues $ 603,125 $ 602,785 $ 1,815,982 $ 1,804,885
Operating expenses 441,917 440,667 1,327,121 1,302,287
Depreciation and amortization 31,756 31,173 94,434 94,787
General and administrative expenses 47,081 47,356 152,349 139,182
Operating income 82,371 83,589 242,078 268,629
Interest income 3,168 1,320 7,634 3,785
Interest expense (45,498) (55,777) (147,437) (165,081)
Loss on extinguishment of debt (2,920) (91) (85,298) (1,845)
(Loss) gain on asset divestitures/impairment 0 1,274 (2,907) 3,449
Income before income taxes and equity in earnings of affiliates 37,121 30,315 14,070 108,937
Provision for (benefit from) income taxes 11,664 6,521 (644) 30,036
Equity in earnings of affiliates, net of income tax provision of $197, $67, $512 and $581, respectively 832 709 1,671 3,121
Net income 26,289 24,503 16,385 82,022
Net loss attributable to noncontrolling interests 31 16 90 71
Net income attributable to The GEO Group, Inc. $ 26,320 $ 24,519 $ 16,475 $ 82,093
Weighted-average common shares outstanding:        
Basic 135,961 122,066 129,682 121,850
Diluted 138,130 123,433 132,022 123,479
Basic:        
Net income per common share attributable to The GEO Group Inc.-basic $ 0.19 $ 0.17 $ 0.12 $ 0.56
Diluted:        
Net income per common share attributable to The GEO Group, Inc.-diluted $ 0.19 $ 0.16 $ 0.11 $ 0.55