GEO GROUP INC

Listed Company

GEOCIK 0000923796NYSELarge AcceleratedGeneral Bldg Contractors - Residential BldgsFloridaFY ends Dec 31

Period

FY 2025

Revenue

$2.63B

Net Income

$254.37M

Total Assets

$3.84B

Equity

$1.51B

Shares Out

134.36M

Op. Cash Flow

$72.61M

Business

The GEO Group, Inc. specializes in ownership, leasing and management of secure facilities, processing centers and community-based reentry services, and provides secure transportation and electronic monitoring solutions. It offers secure facility management (security, administration, rehabilitation, education, food and medical services), reentry and community supervision programs, electronic monitoring and supervision technologies (radio frequency, GPS, alcohol monitoring), and facility design, construction and financing services. GEO operates through four reportable segments: U.S. Secure Services, Electronic Monitoring and Supervision Services, Reentry Services and International Services. Its services are delivered under contracts to federal, state and local government agencies across the United States, and to government customers in Australia, South Africa and the United Kingdom (through a joint venture).

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	2,632	2,424	2,413	2,377	2,257
Operating Expenses (excluding depreciation and amortization)	1,968	1,774	1,744	1,663	1,629
Depreciation and amortization	132	126	126	133	135
General and administrative expenses	236	213	191	197	204
Contingent litigation reserve	38	—	—	—	—
Operating Income	257	310	352	384	288
Interest and Investment Income	9	9	8	16	24
Interest Expense	−161	−191	−218	−165	−129
Loss on Extinguishment of Debt	−8	−87	−9	−38	5
Other income	6	—	—	—	—
Net Gain (Loss) on Asset Divestitures/Impairment	232	−3	5	32	5
Income before income taxes and equity in earnings of affiliates	335	39	138	230	193
Provision for Income Taxes	86	9	35	63	123
Equity in Earnings of Affiliates, net of income tax provision of $867, $802 and 868	5	3	5	5	7
Net Income	254	32	107	172	77
Loss Attributable to Noncontrolling Interests	66,000	70,000	142,000	121,000	185,000
Net income attributable to The GEO Group, Inc. operations	254	32	107	172	77
Basic	137	131	122	121	120
Diluted	140	134	124	122	121
Net income per share - basic	1.85	0.23	0.73	1.18	0.59
Net income per share diluted	1.82	0.22	0.72	1.17	0.58

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	69	77	94	95	506
Restricted cash and cash equivalents	3	3	—	—	—
Accounts receivable, net of credit loss reserve of $857 and $685, respectively	593	376	390	416	366
Prepaid expenses and other current assets	53	44	45	44	45
Total current assets	719	500	529	555	944
Restricted Cash and Investments	179	145	136	112	76
Property and Equipment, Net	1,884	1,900	1,944	2,002	2,038
Operating Lease Right-of-Use Assets, Net	72	95	102	91	112
Deferred Income Tax Assets	9	10	9	8	0
Goodwill	756	756	755	755	755
Intangible Assets, Net	117	127	136	148	166
Other Non-Current Assets	106	99	86	89	71
Total Assets	3,844	3,632	3,696	3,760	4,537
Accounts payable	59	67	64	79	64
Accrued payroll and related taxes	82	68	64	53	67
Accrued expenses and other current liabilities	198	178	228	237	201
Operating lease liabilities, current portion	17	25	25	23	28
Current portion of finance lease obligations and long-term debt	1	2	56	45	19
Total current liabilities	357	340	437	437	379
Deferred Income Tax Liabilities	100	78	77	76	81
Other Non-Current Liabilities	176	95	84	75	87
Operating Lease Liabilities	58	74	82	74	90
Long-Term Debt	1,649	1,711	1,726	1,933	2,626
Commitments and Contingencies (Note 16)	—	—	—	—	—
Preferred stock, $0.01 par value, 30,000,000 shares authorized, none issued or outstanding	0	0	0	0	0
Common stock, $0.01 par value, 225,000,000 shares authorized, 141,182,435 and 140,181,318 issued and 136,242,983 and 140,181,318 outstanding, respectively	1	1	1	1	1
Additional paid-in capital	1,319	1,315	1,299	1,291	1,276
Retained earnings	294	40	103	−4	−176
Accumulated other comprehensive loss	−18	−22	−17	−17	−20
Treasury stock, 4,939,452 and 0 shares at cost, respectively	−91	0	−95	−105	−105
Total shareholders equity attributable to The GEO Group, Inc.	1,506	1,335	1,292	1,166	976
Noncontrolling interests	−2	−2	−1	−1	−1
Total shareholders equity	1,504	1,333	1,290	1,165	975
Total Liabilities and Shareholders Equity	3,844	3,632	3,696	3,760	4,537

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization expense	132	126	126	133	135
Deferred tax provision	22	2	1	−13	86
Amortization of debt issuance costs, discount and/or premium and other non-cash interest	6	8	12	9	7
Stock-based compensation	24	18	15	16	19
Gain on early lease termination	−828,000	—	—	—	—
(Gain) loss on sale/disposal of property and equipment	0	−250,000	1	−114,000	8
Realized/unrealized gain on investments	−11	−6	−7	−8	—
Net (gain) loss on asset divestitures/impairment	−232	3	−5	−32	−5
Dividends received from unconsolidated joint ventures	10	5	3	4	8
Changes in accounts receivable, prepaid expenses and other assets	−233	−8	12	−53	9
Changes in accounts payable, accrued expenses and other liabilities	97	−22	8	22	−58
Net cash provided by operating activities	73	242	278	288	283
Proceeds from sale of real estate and other assets	321	—	20	101	25
Purchases of marketable securities	−22	−33	—	—	—
Proceeds from sale of marketable securities	5	10	—	—	—
Capital expenditures	−198	−79	−73	−90	−69
Net cash provided by (used in) investing activities	106	−102	−53	11	−54
Payments on long-term debt	−322	−1,927	−208	−681	−360
Proceeds from long term debt	0	1,721	—	30	435
Proceeds from borrowings on revolver	541	110	—	—	—
Payments on revolver	−292	—	—	—	—
Taxes paid related to net share settlements of equity awards	−24	−10	−3	−1	−2
Debt issuance costs	0	−36	−2	−42	−10
Proceeds from the sale of treasury shares	0	—	6	—	—
Proceeds from stock options exercised	5	8	239,000	66,000	15,000
Proceeds from issuance of common stock in connection with ESPP	173,000	158,000	157,000	198,000	282,000
Payment for repurchases of common stock	−91	—	—	—	—
Payments for call premiums	−1	−36	—	—	—
Net cash used in financing activities	−186	−169	−208	−699	11
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	5	−6	−256,000	−5	−4
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	−2	−34	16	−404	236
Income taxes	30	16	19	45	49
Interest	154	191	199	104	122
Right-of-use asset written off due to early termination of lease	16	—	—	—	—
Operating lease liability written off due to early termination of lease	17	—	—	—	—
Right-of-use assets obtained from operating lease liabilities	18	21	35	12	11
Capital expenditures in accounts payable and accrued expenses	620,000	6	675,000	6	7

Filings

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