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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flow from Operating Activities:    
Net income $ 19,542 $ 22,659
Net loss attributable to noncontrolling interests 16 9
Net income attributable to The GEO Group, Inc. 19,558 22,668
Adjustments to reconcile net income attributable to The GEO Group, Inc. to net cash provided by operating activities:    
Depreciation and amortization expense 32,136 31,365
Stock-based compensation 6,488 5,656
Loss on extinguishment of debt 0 39
Amortization of debt issuance costs, discount and/or premium and other non-cash interest 1,598 2,909
Equity in earnings of affiliates, net of tax (828) (28)
Dividends received from unconsolidated joint ventures 469 3,646
Realized/unrealized gain on investments (494) (2,523)
Loss on sale/disposal of property and equipment, net 319 246
Changes in assets and liabilities, net of effects of acquisitions:    
Changes in accounts receivable, prepaid expenses and other assets (8,983) 25,753
Changes in accounts payable, accrued expenses and other liabilities 20,962 (6,447)
Net cash provided by operating activities 71,225 83,284
Cash Flow from Investing Activities:    
Purchases of marketable securities (986)  
Proceeds from sale of marketable securities 616  
Capital expenditures (30,771) (14,768)
Net cash used in investing activities (31,141) (14,768)
Cash Flow from Financing Activities:    
Payments on long-term debt (592) (23,253)
Payments on revolver (30,000)  
Taxes paid related to net share settlements of equity awards (22,177) (7,412)
Proceeds from issuance of common stock in connection with ESPP 39 36
Proceeds from the exercise of stock options 3,307 529
Net cash used in financing activities (49,423) (30,100)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents 679 (3,003)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents (8,660) 35,413
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period 125,864 159,867
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period 117,204 195,280
Non-cash Investing and Financing activities:    
Right-of-use assets obtained from operating lease liabilities 2,263 491
Capital expenditures in accounts payable and accrued expenses $ 2,315 $ 326