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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 64,822 $ 76,896
Restricted cash and cash equivalents 3,657 2,785
Accounts receivable, net of credit loss reserve of $633 and $685, respectively 384,227 376,013
Prepaid expenses and other current assets 50,660 44,485
Total current assets 503,366 500,179
Restricted Cash and Investments 148,772 145,366
Property and Equipment, Net 1,900,525 1,899,690
Operating Lease Right-of-Use Assets, Net 90,476 95,327
Deferred Income Tax Assets 9,522 9,522
Goodwill 756,004 756,001
Intangible Assets, Net 124,265 126,576
Other Non-Current Assets 99,535 99,419
Total Assets 3,632,465 3,632,080
Current Liabilities    
Accounts payable 65,047 67,464
Accrued payroll and related taxes 85,731 68,044
Accrued expenses and other current liabilities 188,000 177,768
Operating lease liabilities, current portion 24,374 25,335
Current portion of finance lease liabilities and long-term debt 25,622 1,612
Total current liabilities 388,774 340,223
Deferred Income Tax Liabilities 78,198 78,198
Other Non-Current Liabilities 96,330 95,410
Operating Lease Liabilities 69,522 73,638
Long-Term Debt, Net 1,658,093 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, 141,205,396 and 140,181,318 issued and outstanding, respectively 1,412 1,402
Additional paid-in capital 1,302,902 1,315,256
Retained earnings 59,438 39,880
Accumulated other comprehensive loss (20,654) (21,602)
Total shareholders’ equity attributable to The GEO Group, Inc. 1,343,098 1,334,936
Noncontrolling interests (1,550) (1,522)
Total shareholders’ equity 1,341,548 1,333,414
Total Liabilities and Shareholders’ Equity $ 3,632,465 $ 3,632,080