v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Flow from Operating Activities:    
Net income $ 134,969 $ 222,538
Net loss attributable to noncontrolling interests 82 68
Net income attributable to The GEO Group, Inc. 135,051 222,606
Adjustments to reconcile net income attributable to The GEO Group, Inc. to net cash provided by operating activities:    
Depreciation and amortization expense 102,208 97,907
Stock-based compensation 17,691 19,621
Loss on extinguishment of debt 0 8,446
Amortization of debt issuance costs, discount and/or premium and other non-cash interest 4,492 4,671
Equity in earnings of affiliates, net of tax (2,114) (3,764)
Dividends received from unconsolidated joint ventures 4,350 1,440
Gain on early lease termination 0 (828)
Realized/unrealized loss (gain) on investments 972 (7,157)
Loss on sale/disposal of property and equipment, net 3,469 0
(Gain) loss on asset divestitures/impairment 673 (232,381)
Changes in assets and liabilities, net of effects of acquisitions:    
Changes in accounts receivable, prepaid expenses and other assets 41,907 (63,378)
Changes in accounts payable, accrued expenses and other liabilities 136,726 142,765
Net cash provided by operating activities 445,425 189,948
Cash Flow from Investing Activities:    
Proceeds from sale of real estate and other assets 1,203 321,050
Purchases of marketable securities (45,228) (18,799)
Proceeds from sale of marketable securities 32,837 2,810
Capital expenditures (74,710) (161,286)
Net cash (used in) provided by investing activities (85,898) 143,775
Cash Flow from Financing Activities:    
Payments on long-term debt (1,016) (321,870)
Payments on revolver (259,076) (30,000)
Proceeds from revolver 137,000 182,583
Payments for call premiums 0 (1,320)
Taxes paid related to net share settlements of equity awards (6,519) (24,431)
Proceeds from issuance of common stock in connection with ESPP 119 127
Payment for repurchases of common stock (86,734) (41,630)
Proceeds from the exercise of stock options 5,033 4,390
Net cash used in financing activities (211,193) (232,151)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents 2,148 4,136
Net Increase in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents 150,482 105,708
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 274,117 231,572
Non-cash Investing and Financing activities:    
Right-of-use assets obtained from operating lease liabilities 65,362 9,793
Right-of-use asset written off due to early termination of lease 0 16,021
Right-of-use liability written off due to early termination of lease 0 16,849
Capital expenditures in accounts payable and accrued expenses $ 5,440 $ 2,663