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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 76,896 $ 93,971
Restricted cash and investments 2,785  
Accounts receivable, net of credit loss reserve of $685 and $606, respectively 376,013 390,023
Prepaid expenses and other current assets 44,485 44,511
Total current assets 500,179 528,505
Restricted Cash and Investments 145,366 135,968
Property and Equipment, Net 1,899,690 1,944,278
Operating Lease Right-of-Use Assets, Net 95,327 102,204
Deferred Income Tax Assets 9,522 8,551
Goodwill 756,001 755,199
Intangible Assets, Net 126,576 135,886
Other Non-Current Assets 99,419 85,815
Total Assets 3,632,080 3,696,406
Current Liabilities    
Accounts payable 67,464 64,447
Accrued payroll and related taxes 68,044 64,436
Accrued expenses and other current liabilities 177,768 228,059
Operating lease liabilities, current portion 25,335 24,640
Current portion of long-term debt 1,612 55,882
Total current liabilities 340,223 437,464
Deferred Income Tax Liabilities 78,198 77,369
Other Non-Current Liabilities 95,410 83,643
Operating Lease Liabilities 73,638 82,114
Long-Term Debt 1,711,197 1,725,502
Commitments and Contingencies (Note 16)
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, 140,181,318 and 130,297,248 issued and 140,181,318 and 126,087,401 outstanding, respectively 1,402 1,303
Additional paid-in capital 1,315,256 1,299,193
Retained earnings 39,880 103,089
Accumulated other comprehensive loss (21,602) (16,642)
Treasury stock, 0 and 4,209,847 shares at cost, respectively   (95,175)
Total shareholders’ equity attributable to The GEO Group, Inc. 1,334,936 1,291,768
Noncontrolling interests (1,522) (1,454)
Total shareholders’ equity 1,333,414 1,290,314
Total Liabilities and Shareholders’ Equity $ 3,632,080 $ 3,696,406