v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flow from Operating Activities:    
Net income $ 85,766 $ 48,616
Net loss attributable to noncontrolling interests 71 50
Net income attributable to The GEO Group, Inc. 85,837 48,666
Adjustments to reconcile net income attributable to The GEO Group, Inc. to net cash provided by operating activities:    
Depreciation and amortization expense 68,026 64,868
Stock-based compensation 12,689 11,994
Loss on extinguishment of debt 0 595
Amortization of debt issuance costs, discount and/or premium and other non-cash interest 2,944 3,220
Equity in earnings of affiliates, net of tax (1,298) (3,005)
Dividends received from unconsolidated joint ventures 3,773 950
Realized/unrealized gain on investments (2,759) (4,214)
Loss (gain) on sale/disposal of property and equipment, net 3,265 (1,374)
Changes in assets and liabilities, net of effects of acquisitions:    
Changes in accounts receivable, prepaid expenses and other assets 68,916 (4,515)
Changes in accounts payable, accrued expenses and other liabilities (4,919) (6,792)
Net cash provided by operating activities 236,474 110,393
Cash Flow from Investing Activities:    
Proceeds from sale of real estate and other assets 529 0
Purchases of marketable securities (40,726) (16,876)
Proceeds from sale of marketable securities 32,135 2,659
Capital expenditures (42,325) (67,582)
Net cash used in investing activities (50,387) (81,799)
Cash Flow from Financing Activities:    
Payments on long-term debt (687) (24,687)
Payments on revolver (226,642) (30,000)
Proceeds from revolver 117,000 35,000
Taxes paid related to net share settlements of equity awards (6,248) (22,177)
Proceeds from issuance of common stock in connection with ESPP 81 86
Payment for repurchases of common stock (86,734) 0
Proceeds from the exercise of stock options 3,016 4,169
Net cash used in financing activities (200,214) (37,609)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents 1,650 3,772
Net Decrease in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents (12,477) (5,243)
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period 123,635 125,864
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period 111,158 120,621
Non-cash Investing and Financing activities:    
Right-of-use assets obtained from operating lease liabilities 710 3,677
Capital expenditures in accounts payable and accrued expenses $ 555 $ 1,176