GEO GROUP INC (GEO) financial statements (2022 and earlier)

Company profile

Business Address 4955 TECHNOLOGY WAY
BOCA RATON, FL 33431
State of Incorp. FL
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5062843231816860
Cash and cash equivalents5062843231816860
Restricted cash and investments2027325245178
Receivables366363431446390356314
Prepaid expense11 36169 
Other undisclosed current assets413849574824756
Total current assets:944711548591580698438
Noncurrent Assets
Finance lease, right-of-use asset343
Operating lease, right-of-use asset112125122
Property, plant and equipment2,0382,1222,1452,1592,0781,8971,916
Long-term investments and receivables      2
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases   2
Intangible assets, net (including goodwill)9219439861,0091,034819840
Goodwill755755776776779615615
Intangible assets, net (excluding goodwill)166188210232255204224
Regulated entity, other noncurrent assets27253131424958
Restricted cash and investments76373122282120
Deferred income tax assets 37 
Other noncurrent assets717983667265105
Other undisclosed noncurrent assets345377370370392201124
Total noncurrent assets:3,5943,7493,7703,6563,6473,0523,065
TOTAL ASSETS:4,5374,4604,3184,2474,2273,7493,503
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities332356346363341266261
Accounts payable64869993938078
Accrued liabilities201202192194176131135
Employee-related liabilities67685576725548
Debt1926243322923817
Deferred compensation liability422    
Other undisclosed current liabilities252725    
Total current liabilities:379411396695370504279
Noncurrent Liabilities
Long-term debt and lease obligation2,7182,6662,5092,4022,1881,9431,884
Long-term debt, excluding current maturities2,6262,5622,4082,3972,1821,9351,876
Finance lease, liability233
Capital lease obligations5679
Operating lease, liability9010197
Liabilities, other than long-term debt19917912696138117124
Deferred tax liabilities, net149 11
Deferred income tax liabilities8131 
Liability, pension and other postretirement and postemployment benefits323337 322825
Other liabilities871168982978988
Other undisclosed noncurrent liabilities26629129115333211209
Total noncurrent liabilities:3,1843,1372,9262,5132,6582,2702,218
Total liabilities:3,5623,5483,3213,2083,0282,7742,497
Stockholders' equity
Stockholders' equity attributable to parent9769139971,0411,1999751,007
Common stock1111111
Treasury stock, value(105)(105)(95)(95)   
Additional paid in capital1,2761,2621,2311,2111,191892880
Accumulated other comprehensive loss(20)(23)(20)(24)(24)(31)(32)
Retained earnings (accumulated deficit)(176)(223)(120)(53)32113159
Stockholders' equity attributable to noncontrolling interest(1)(1)(1)(1)(0)(0)0
Total stockholders' equity:9759129961,0401,1999751,007
TOTAL LIABILITIES AND EQUITY:4,5374,4604,3184,2474,2273,7493,503

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,2572,3502,4782,3312,2632,1791,843
Revenue, net2,2632,1841,843
Gross profit:2,2572,3502,4782,3312,2632,1791,843
Operating expenses(1,833)(1,972)(2,047)(1,940)(1,891)(1,799)(1,501)
Other undisclosed operating loss(135)(156)(131)(126)(124)(115)(107)
Operating income:288223300265248266236
Nonoperating income
(Investment Income, Nonoperating)
24232935522812
Interest and debt expense(125)(122)(156)(150)(148)(145)(106)
Other undisclosed income from continuing operations before equity method investments, income taxes5      
Income from continuing operations before equity method investments, income taxes:193124174149152149141
Income from equity method investments7910101276
Income from continuing operations before income taxes:200133183159164156147
Income tax expense(123)(20)(17)(14)(18)(8)(7)
Net income:77113166145146148139
Net income attributable to noncontrolling interest0000000
Net income attributable to parent:77113167145146149139
Undistributed earnings (loss) allocated to participating securities, basic(7)    
Net income available to common stockholders, diluted:70113167145146149139

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:77113166145146148139
Other comprehensive income (loss)2(2)3162(5)
Comprehensive income:80111170146152150134
Comprehensive income, net of tax, attributable to noncontrolling interest0000000
Comprehensive income, net of tax, attributable to parent:80111170146153150134

Statements sources

The financial statements are based on the company's filings with the 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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