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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 283,524 $ 32,463
Restricted cash and investments 26,740 32,418
Accounts receivable, less allowance for doubtful accounts of $2,674 and $3,195, respectively 362,668 430,982
Contract receivable, current portion 6,283 5,149
Prepaid expenses and other current assets 32,108 40,716
Total current assets 711,323 541,728
Restricted Cash and Investments 37,338 30,923
Property and Equipment, Net 2,122,195 2,144,722
Contract Receivable 396,647 366,697
Operating Lease Right-of-Use Assets, Net 124,727 121,527
Assets Held for Sale 9,108 6,059
Deferred Income Tax Assets 36,604 36,278
Goodwill 755,250 776,356
Intangible Assets, Net 187,747 210,070
Other Non-Current Assets 79,187 83,174
Total Assets 4,460,126 4,317,534
Current Liabilities    
Accounts payable 85,861 99,232
Accrued payroll and related taxes 67,797 54,672
Accrued expenses and other current liabilities 202,378 191,608
Operating lease liabilities, current portion 29,080 26,208
Current portion of finance lease liabilities, long-term debt and non-recourse debt 26,180 24,208
Total current liabilities 411,296 395,928
Deferred Income Tax Liabilities 30,726 19,254
Other Non-Current Liabilities 115,555 88,526
Operating Lease Liabilities 101,375 97,291
Finance Lease Obligations 2,988 2,954
Long-Term Debt 2,561,881 2,408,297
Non-Recourse Debt 324,223 309,236
Commitments and Contingencies (Note 17)
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, 126,153,173 and 125,435,573 issued and 121,318,175 and 121,225,319 outstanding, respectively 1,262 1,254
Additional paid-in capital 1,262,267 1,230,865
Distributions in excess of earnings (222,892) (119,779)
Accumulated other comprehensive loss (22,589) (20,335)
Treasury stock, 4,834,998 and 4,210,254 shares, at cost, respectively (104,946) (95,175)
Total shareholders’ equity attributable to The GEO Group, Inc. 913,102 996,830
Noncontrolling interests (1,020) (782)
Total shareholders’ equity 912,082 996,048
Total Liabilities and Shareholders’ Equity $ 4,460,126 $ 4,317,534