Restricted Cash and Cash Equivalents

3 Months Ended

Mar. 31, 2022

Cash And Cash Equivalents [Abstract]

5. RESTRICTED CASH AND CASH EQUIVALENTS

The following table provides a reconciliation of cash, cash equivalents and restricted cash and cash equivalents reported on the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows:

	March 31, 2022			March 31, 2021
Cash and cash equivalents	$	598,508		$	289,391
Restricted cash and cash equivalents - current		23,795			29,317
Restricted cash and investments - non-current		84,886			39,924
Less Restricted investments - non-current		(58,597	)		(37,940	)
Total cash, cash equivalents and restricted cash and cash equivalents shown in the statement of cash flows	$	648,592		$	320,692

Amounts included in restricted cash and cash equivalents are attributable to certain contractual cash restriction requirements at the Company's wholly owned Australian subsidiary related to non-recourse debt and asset replacement funds contractually required to be maintained and other guarantees. Restricted investments - non-current (included in Restricted Cash and Investments in the accompanying consolidated balance sheets) consists of the Company's rabbi trust established for an employee and employer contributions to The GEO Group, Inc. Non-qualified Deferred Compensation Plan, investments in equity and fixed income mutual funds held in the Company’s captive insurance subsidiary, Florina and certain contractual cash requirements at the Company’s wholly-owned Australian subsidiary related to certain performance guarantees at its Ravenhall facility. The rabbi trust and the investments held in Florina are not considered to be restricted cash equivalents. Refer to Note 3 - Financial Instruments.