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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 48,716 $ 95,073
Accounts receivable, less allowance for doubtful accounts of $741 and $809, respectively 350,961 416,399
Prepaid expenses and other current assets 52,299 43,536
Total current assets 451,976 555,008
Restricted Cash and Investments 136,497 111,691
Property and Equipment, Net 1,963,880 2,002,021
Assets Held for Sale 14,113 480
Operating Lease Right-of-Use Assets, Net 108,975 90,950
Deferred Income Tax Assets 8,005 8,005
Goodwill 755,189 755,199
Intangible Assets, Net 140,971 147,688
Other Non-Current Assets 92,283 89,341
Total Assets 3,671,889 3,760,383
Current Liabilities    
Accounts payable 73,076 79,312
Accrued payroll and related taxes 46,136 53,225
Accrued expenses and other current liabilities 174,835 237,369
Operating lease liabilities, current portion 23,784 22,584
Current portion of finance lease liabilities and long-term debt 29,377 44,722
Total current liabilities 347,208 437,212
Deferred Income Tax Liabilities 75,849 75,849
Other Non-Current Liabilities 79,763 74,008
Operating Lease Liabilities 90,127 73,801
Finance Lease Liabilities 922 1,280
Long-Term Debt, Net 1,845,649 1,933,145
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, 187,500,000 shares authorized,130,284,977 and 128,912,410 issued and 126,075,130 and 124,060,038 outstanding, respectively 1,303 1,289
Additional paid-in capital 1,292,826 1,291,363
Retained earnings (accumulated deficit) 53,338 (4,236)
Accumulated other comprehensive loss (18,582) (16,919)
Treasury stock, 4,209,847 shares, at cost, respectively (95,175) (105,099)
Total shareholders’ equity attributable to The GEO Group, Inc. 1,233,710 1,166,398
Noncontrolling interests (1,339) (1,310)
Total shareholders’ equity 1,232,371 1,165,088
Total Liabilities and Shareholders’ Equity $ 3,671,889 $ 3,760,383