GEO GROUP INC (GEO) Financial Statements (2024 and earlier)

Company Profile

Business Address 4955 TECHNOLOGY WAY
BOCA RATON, FL 33431
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 152 - General Building Contractors-residential (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments94955062843231
Cash and cash equivalents94955062843231
Restricted cash and investments   20273252
Receivables390416366363431446
Inventory, net of allowances, customer advances and progress billings 2521    
Inventory 2521    
Prepaid expense  1111 36
Other undisclosed current assets191241384957
Total current assets:529555944711548591
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   343
Operating lease, right-of-use asset10291112125122
Property, plant and equipment1,9442,0022,0382,1222,1452,159
Intangible assets, net (including goodwill)8919039219439861,009
Goodwill755755755755776776
Intangible assets, net (excluding goodwill)136148166188210232
Regulated entity, other noncurrent assets   27253131
Restricted cash and investments13611276373122
Deferred income tax assets98 37 
Other noncurrent assets868971798366
Other undisclosed noncurrent assets  0345377370370
Total noncurrent assets:3,1683,2053,5943,7493,7703,656
TOTAL ASSETS:3,6963,7604,5374,4604,3184,247
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities293317332356346363
Employee-related liabilities67685576
Accounts payable647964869993
Accrued liabilities228237201202192194
Debt5645192624332
Deferred compensation liability 32422 
Other undisclosed current liabilities8674252725 
Total current liabilities:437437379411396695
Noncurrent Liabilities
Long-term debt and lease obligation1,7261,9342,7182,6662,5092,402
Long-term debt, excluding current maturities1,7261,9332,6262,5622,4082,397
Capital lease obligations5
Finance lease, liability  1233
Liabilities, other than long-term debt24322419917912696
Deferred tax liabilities, net14
Deferred income tax liabilities77768131 
Liability, pension and other postretirement and postemployment benefits   323337 
Other liabilities8474871168982
Operating lease, liability82749010197
Other undisclosed noncurrent liabilities   26629129115
Total noncurrent liabilities:1,9692,1583,1843,1372,9262,513
Total liabilities:2,4062,5953,5623,5483,3213,208
Equity
Equity, attributable to parent1,2921,1669769139971,041
Common stock111111
Treasury stock, value(95)(105)(105)(105)(95)(95)
Additional paid in capital1,2991,2911,2761,2621,2311,211
Accumulated other comprehensive loss(17)(17)(20)(23)(20)(24)
Retained earnings (accumulated deficit)103(4)(176)(223)(120)(53)
Equity, attributable to noncontrolling interest(1)(1)(1)(1)(1)(1)
Total equity:1,2901,1659759129961,040
TOTAL LIABILITIES AND EQUITY:3,6963,7604,5374,4604,3184,247

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,4132,3772,2572,3502,4782,331
Gross profit:2,4132,3772,2572,3502,4782,331
Operating expenses(1,935)(1,861)(1,833)(1,972)(2,047)(1,940)
Other undisclosed operating loss(126)(133)(135)(156)(131)(126)
Operating income:352383288223300265
Nonoperating income
(Investment Income, Nonoperating)
81724232935
Interest and debt expense(227)(202)(125)(122)(156)(150)
Other undisclosed income from continuing operations before equity method investments, income taxes5325   
Income from continuing operations before equity method investments, income taxes:138230193124174149
Income from equity method investments55791010
Income from continuing operations before income taxes:143235200133183159
Income tax expense(35)(63)(123)(20)(17)(14)
Income from continuing operations:10717277113166145
Income before gain (loss) on sale of properties:77113166145
Net income:10717277113166145
Net income attributable to noncontrolling interest000000
Net income attributable to parent:10717277113167145
Undistributed earnings (loss) allocated to participating securities, basic(18)(29)(7)   
Net income available to common stockholders, diluted:8914270113167145

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:10717277113166145
Other comprehensive income (loss)032(2)31
Comprehensive income:10717580111170146
Comprehensive income, net of tax, attributable to noncontrolling interest000000
Comprehensive income, net of tax, attributable to parent:10817580111170146

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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