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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flow from Operating Activities:    
Net income $ 22,659 $ 27,994
Net loss attributable to noncontrolling interests 9 9
Net income attributable to The GEO Group, Inc. 22,668 28,003
Adjustments to reconcile net income attributable to The GEO Group, Inc. to net cash provided by operating activities:    
Depreciation and amortization expense 31,365 31,923
Stock-based compensation 5,656 5,578
Loss on extinguishment of debt 39 136
Amortization of debt issuance costs, discount and/or premium and other non-cash interest 2,909 2,824
Equity in earnings of affiliates, net of tax (28) (922)
Dividends received from unconsolidated joint ventures 3,646 1,011
Loss on sale/disposal of property and equipment, net 246 606
Changes in assets and liabilities, net of effects of acquisitions:    
Changes in accounts receivable, prepaid expenses and other assets 25,753 70,962
Changes in accounts payable, accrued expenses and other liabilities (6,447) (45,381)
Net cash provided by operating activities 85,807 94,740
Cash Flow from Investing Activities:    
Proceeds from sale of property and equipment   175
Change in restricted investments (2,523) (1,570)
Capital expenditures (14,768) (13,767)
Net cash used in investing activities (17,291) (15,162)
Cash Flow from Financing Activities:    
Payments on long-term debt (23,253) (48,273)
Proceeds from sale of treasury shares   5,750
Taxes paid related to net share settlements of equity awards (7,412) (3,445)
Proceeds from issuance of common stock in connection with ESPP 36 41
Proceeds from the exercise of stock options 529 49
Net cash used in financing activities (30,100) (45,878)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents (3,003) (1,286)
Net Increase in Cash, Cash Equivalents and Restricted Cash 35,413 32,414
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period 159,867 143,843
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period 195,280 176,257
Non-cash Investing and Financing activities:    
Right-of-use assets obtained from operating lease liabilities upon adoption of new lease standard 491 1,583
Debt issuance costs in accrued expenses   3,850
Capital expenditures in accounts payable and accrued expenses $ 326 $ 640