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 thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 141,020 | 48,716 | 110,916 | 95,073 | 91,645 | 587,861 | |||
| Cash and cash equivalents | 141,020 | 48,716 | 110,916 | 95,073 | 91,645 | 587,861 | |||
| Restricted cash and investments | 21,134 | ||||||||
| Receivables | 356,501 | 350,961 | 349,337 | 416,399 | 383,694 | 371,851 | |||
| Inventory, net of allowances, customer advances and progress billings | 20,700 | ||||||||
| Inventory | 20,700 | ||||||||
| Prepaid expense | 11,300 | ||||||||
| Other undisclosed current assets | 41,138 | 52,299 | 40,995 | 11,536 | 40,388 | 42,567 | |||
| Total current assets: | 538,659 | 451,976 | 501,248 | 555,008 | 515,727 | 1,023,413 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 106,552 | 108,975 | 85,294 | 90,950 | 95,119 | 105,972 | |||
| Property, plant and equipment | 1,951,524 | 1,963,880 | 1,972,859 | 2,002,021 | 2,012,679 | 2,007,636 | |||
| Intangible assets, net (including goodwill) | 893,449 | 896,160 | 899,435 | 902,887 | 906,451 | 910,181 | |||
| Goodwill | 755,178 | 755,189 | 755,192 | 755,199 | 755,179 | 755,203 | |||
| Intangible assets, net (excluding goodwill) | 138,271 | 140,971 | 144,243 | 147,688 | 151,272 | 154,978 | |||
| Restricted cash and investments | 130,729 | 136,497 | 129,832 | 111,691 | 89,760 | 81,392 | |||
| Deferred income tax assets | 8,005 | 8,005 | 8,005 | 8,005 | |||||
| Other noncurrent assets | 90,335 | 92,283 | 90,717 | 89,341 | 84,292 | 80,008 | |||
| Other undisclosed noncurrent assets | 5,130 | 14,113 | 14,594 | 480 | 480 | 346,721 | |||
| Total noncurrent assets: | 3,185,724 | 3,219,913 | 3,200,736 | 3,205,375 | 3,188,781 | 3,531,910 | |||
| TOTAL ASSETS: | 3,724,383 | 3,671,889 | 3,701,984 | 3,760,383 | 3,704,508 | 4,555,323 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 266,945 | 247,911 | 261,619 | 316,681 | 358,813 | 343,441 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 68,777 | 66,956 | ||
| Accounts payable | 66,758 | 73,076 | 78,851 | 79,312 | 71,408 | 79,569 | |||
| Accrued liabilities | 200,187 | 174,835 | 182,768 | 237,369 | 218,628 | 196,916 | |||
| Debt | 63,307 | 29,377 | 44,736 | 44,722 | 44,702 | 17,639 | |||
| Deferred compensation liability | 1,800 | ||||||||
| Other undisclosed current liabilities | 103,074 | 69,920 | 89,743 | 74,009 | 23,910 | 28,125 | |||
| Total current liabilities: | 433,326 | 347,208 | 396,098 | 437,212 | 427,425 | 389,205 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,790,013 | 1,846,571 | 1,885,058 | 1,934,425 | 2,039,836 | 2,659,215 | |||
| Long-term debt, excluding current maturities | 1,789,273 | 1,845,649 | 1,883,956 | 1,933,145 | 1,961,402 | 2,574,061 | |||
| Finance lease, liability | 740 | 922 | 1,102 | 1,280 | 1,457 | 1,632 | |||
| Liabilities, other than long-term debt | 242,495 | 245,739 | 221,779 | 223,658 | 126,667 | 190,204 | |||
| Deferred income tax liabilities | 75,849 | 75,849 | 75,849 | 75,849 | 45,074 | 80,768 | |||
| Liability, pension and other postretirement and postemployment benefits | 31,500 | ||||||||
| Other liabilities | 79,797 | 79,763 | 76,232 | 74,008 | 81,593 | 77,936 | |||
| Operating lease, liability | 86,849 | 90,127 | 69,698 | 73,801 | 76,977 | 83,522 | |||
| Other undisclosed noncurrent liabilities | 246,867 | ||||||||
| Total noncurrent liabilities: | 2,032,508 | 2,092,310 | 2,106,837 | 2,158,083 | 2,166,503 | 3,096,286 | |||
| Total liabilities: | 2,465,834 | 2,439,518 | 2,502,935 | 2,595,295 | 2,593,928 | 3,485,491 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,259,903 | 1,233,710 | 1,200,358 | 1,166,398 | 1,111,863 | 1,071,113 | |||
| Common stock | 1,303 | 1,303 | 1,302 | 1,289 | 1,290 | 1,289 | |||
| Treasury stock, value | (95,175) | (95,175) | (95,175) | (105,099) | (105,099) | (105,099) | |||
| Additional paid in capital | 1,295,983 | 1,292,826 | 1,289,399 | 1,291,363 | 1,288,075 | 1,284,867 | |||
| Accumulated other comprehensive loss | (20,065) | (18,582) | (18,935) | (16,919) | (26,637) | (25,839) | |||
| Retained earnings (accumulated deficit) | 77,857 | 53,338 | 23,767 | (4,236) | (45,766) | (84,105) | |||
| Equity, attributable to noncontrolling interest | (1,354) | (1,339) | (1,309) | (1,310) | (1,283) | (1,281) | |||
| Total equity: | 1,258,549 | 1,232,371 | 1,199,049 | 1,165,088 | 1,110,580 | 1,069,832 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,724,383 | 3,671,889 | 3,701,984 | 3,760,383 | 3,704,508 | 4,555,323 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 602,785 | 593,891 | 608,209 | 620,682 | 616,683 | 588,177 | ||
| Gross profit: | 602,785 | 593,891 | 608,209 | 620,682 | 616,683 | 588,177 | ||
| Operating expenses | (488,023) | (469,820) | (483,626) | (479,660) | (486,232) | (461,087) | ||
| Other undisclosed operating loss | (31,173) | (31,691) | (31,923) | (32,641) | (32,330) | (32,016) | ||
| Operating income: | 83,589 | 92,380 | 92,660 | 108,381 | 98,121 | 95,074 | ||
| Nonoperating income (Investment Income, Nonoperating) | 1,320 | 1,297 | 1,168 | 530 | 5,111 | 5,562 | ||
| Interest and debt expense | (55,868) | (56,664) | (54,394) | (53,575) | (84,024) | (33,225) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1,274 | 2,175 | 29,279 | 3,680 | ||||
| Income from continuing operations before equity method investments, income taxes: | 30,315 | 39,188 | 39,434 | 55,336 | 48,487 | 71,091 | ||
| Income from equity method investments | 709 | 1,490 | 922 | 985 | 1,071 | 1,480 | ||
| Income from continuing operations before income taxes: | 31,024 | 40,678 | 40,356 | 56,321 | 49,558 | 72,571 | ||
| Income tax expense | (6,521) | (11,153) | (12,362) | (14,793) | (11,246) | (18,898) | ||
| Income from continuing operations: | 24,503 | 29,525 | 27,994 | 41,528 | 38,312 | 53,673 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 38,312 | 53,673 | |
| Net income: | 24,503 | 29,525 | 27,994 | 41,528 | 38,312 | 53,673 | ||
| Net income attributable to noncontrolling interest | 16 | 46 | 9 | 2 | 25 | 54 | ||
| Net income attributable to parent: | 24,519 | 29,571 | 28,003 | 41,530 | 38,337 | 53,727 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (4,159) | (5,016) | (4,770) | (7,087) | (6,543) | (9,171) | ||
| Net income available to common stockholders, diluted: | 20,360 | 24,555 | 23,233 | 34,443 | 31,794 | 44,556 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 24,503 | 29,525 | 27,994 | 41,528 | 38,312 | 53,673 | ||
| Other comprehensive income (loss) | (1,482) | 369 | (2,006) | 9,693 | (775) | (8,184) | ||
| Comprehensive income: | 23,021 | 29,894 | 25,988 | 51,221 | 37,537 | 45,489 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 15 | 30 | (1) | 27 | 2 | 31 | ||
| Comprehensive income, net of tax, attributable to parent: | 23,036 | 29,924 | 25,987 | 51,248 | 37,539 | 45,520 | ||
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.