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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments95506284323181
Cash and cash equivalents95506284323181
Restricted cash and investments  2027325245
Receivables416366363431446390
Inventory, net of allowances, customer advances and progress billings 21     
Inventory 21     
Prepaid expense 1111 3616
Other undisclosed current assets124138495748
Total current assets:555944711548591580
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  343
Operating lease, right-of-use asset91112125122
Property, plant and equipment2,0022,0382,1222,1452,1592,078
Intangible assets, net (including goodwill)9039219439861,0091,034
Goodwill755755755776776779
Intangible assets, net (excluding goodwill)148166188210232255
Regulated entity, other noncurrent assets  2725313142
Restricted cash and investments1127637312228
Deferred income tax assets8 37 
Other noncurrent assets897179836672
Other undisclosed noncurrent assets0345377370370392
Total noncurrent assets:3,2053,5943,7493,7703,6563,647
TOTAL ASSETS:3,7604,5374,4604,3184,2474,227
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities317332356346363341
Employee-related liabilities6768557672
Accounts payable796486999393
Accrued liabilities237201202192194176
Debt4519262433229
Deferred compensation liability 2422  
Other undisclosed current liabilities74252725  
Total current liabilities:437379411396695370
Noncurrent Liabilities
Long-term debt and lease obligation1,9342,7182,6662,5092,4022,188
Long-term debt, excluding current maturities1,9332,6262,5622,4082,3972,182
Capital lease obligations56
Finance lease, liability1233
Liabilities, other than long-term debt22419917912696138
Deferred tax liabilities, net149
Deferred income tax liabilities768131 
Liability, pension and other postretirement and postemployment benefits  323337 32
Other liabilities7487116898297
Operating lease, liability749010197
Other undisclosed noncurrent liabilities  26629129115333
Total noncurrent liabilities:2,1583,1843,1372,9262,5132,658
Total liabilities:2,5953,5623,5483,3213,2083,028
Equity
Equity, attributable to parent1,1669769139971,0411,199
Common stock111111
Treasury stock, value(105)(105)(105)(95)(95) 
Additional paid in capital1,2911,2761,2621,2311,2111,191
Accumulated other comprehensive loss(17)(20)(23)(20)(24)(24)
Retained earnings (accumulated deficit)(4)(176)(223)(120)(53)32
Equity, attributable to noncontrolling interest(1)(1)(1)(1)(1)(0)
Total equity:1,1659759129961,0401,199
TOTAL LIABILITIES AND EQUITY:3,7604,5374,4604,3184,2474,227

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,3772,2572,3502,4782,3312,263
Revenue, net2,263
Gross profit:2,3772,2572,3502,4782,3312,263
Operating expenses(1,861)(1,833)(1,972)(2,047)(1,940)(1,891)
Other undisclosed operating loss(133)(135)(156)(131)(126)(124)
Operating income:383288223300265248
Nonoperating income
(Investment Income, Nonoperating)
172423293552
Interest and debt expense(202)(125)(122)(156)(150)(148)
Other undisclosed income from continuing operations before equity method investments, income taxes325    
Income from continuing operations before equity method investments, income taxes:230193124174149152
Income from equity method investments579101012
Income from continuing operations before income taxes:235200133183159164
Income tax expense(63)(123)(20)(17)(14)(18)
Income from continuing operations:17277113166145146
Income before gain (loss) on sale of properties:77113166145146
Net income:17277113166145146
Net income attributable to noncontrolling interest000000
Net income attributable to parent:17277113167145146
Undistributed earnings (loss) allocated to participating securities, basic(29)(7)    
Net income available to common stockholders, diluted:14270113167145146

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:17277113166145146
Other comprehensive income (loss)32(2)316
Comprehensive income:17580111170146152
Comprehensive income, net of tax, attributable to noncontrolling interest000000
Comprehensive income, net of tax, attributable to parent:17580111170146153

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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