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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 67,728 $ 31,255
Restricted cash and cash equivalents 53,749 51,678
Accounts receivable, less allowance for doubtful accounts of $4,276 and $4,183, respectively 423,596 445,526
Contract receivable, current portion 16,005 15,535
Prepaid expenses and other current assets 43,535 57,768
Total current assets 604,613 601,762
Restricted Cash and Investments 27,282 22,431
Property and Equipment, Net 2,150,627 2,158,610
Assets Held for Sale 4,607 2,634
Contract Receivable 368,698 368,178
Operating Lease Right-of-Use Assets, Net 133,365 0
Deferred Income Tax Assets 29,924 29,924
Goodwill 776,361 776,359
Intangible Assets, Net 226,782 232,360
Other Non-Current Assets 61,807 65,860
Total Assets 4,384,066 4,258,118
Current Liabilities    
Accounts payable 93,458 93,032
Accrued payroll and related taxes 58,079 76,009
Accrued expenses and other current liabilities 189,174 204,170
Operating lease liabilities, current portion 35,210 0
Current portion of finance lease liabilities, long-term debt and non-recourse debt 332,864 332,027
Total current liabilities 708,785 705,238
Deferred Income Tax Liabilities 13,681 13,681
Other Non-Current Liabilities 79,734 82,481
Operating Lease Liabilities 102,238 0
Finance Lease Liabilities 4,179 4,570
Long-Term Debt 2,433,433 2,397,227
Non-Recourse Debt 15,112 15,017
Commitments, Contingencies and Other (Note 12)
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, 125,397,214 and 124,794,986 issued and 121,186,960 and 120,584,732 outstanding, respectively 1,254 1,248
Additional paid-in capital 1,213,922 1,210,916
Distributions in excess of earnings (71,076) (52,868)
Accumulated other comprehensive loss (21,366) (23,618)
Treasury stock, 4,210,254 and 4,210,254 shares, at cost, respectively (95,175) (95,175)
Total shareholders’ equity attributable to The GEO Group, Inc. 1,027,559 1,040,503
Noncontrolling interests (655) (599)
Total shareholders’ equity 1,026,904 1,039,904
Total Liabilities and Shareholders’ Equity $ 4,384,066 $ 4,258,118