GEO Group (GEO) FY2014 results: revenue $1.7 billion, up 11.1% on the year
GEO Group Inc. (GEO) reported revenue of $1.7 billion for fiscal 2014, the year ended 31 December 2014, up 11.1% on the year before. Net income was $144 million, up 25.0%, and diluted earnings per share $1.32. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2015.
Revenue
$1.7 billion
+11.1% on the year
FY2011FY2014
Operating margin
13.9%
12.2% a year earlier
FY2011FY2014
Net income
$144 million
+25.0% on the year
FY2011FY2014
Diluted EPS
$1.32
+23.0% on the year
FY2011FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
1,692
1,522
1,479
+11.1%
Operating income
235
185
184
+26.6%
Operating margin
13.9%
12.2%
12.5%
Interest expense
87.4
83.0
82.2
+5.3%
Pre-tax income
152
85.1
100
+78.6%
Income tax
14.1
-26.1
-40.6
Effective tax rate
9.3%
-30.6%
-40.4%
Net income
144
115
135
+25.0%
Net margin
8.5%
7.6%
9.1%
Diluted EPS
$1.32
$1.07
$1.47
+23.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
203
192
264
+5.4%
Cash from investing
-121
-99.0
-55.3
Cash from financing
-88.9
-69.0
-222
Depreciation and amortisation
96.2
94.7
91.7
+1.6%
Share-based compensation
8.9
7.9
6.5
+12.9%
Buybacks
1.8
0.0
8.7
Dividends paid
170
147
102
+15.7%
Dividend per share
$1.55
n/a
n/a
Diluted shares, weighted
109m
107m
92m
+1.3%
Shares outstanding at period end
111m
108m
107m
+2.9%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,046
1,024
1,047
+2.2%
Non-controlling interest
0.3
0.5
0.5
-30.8%
Debt
1,626
1,591
1,493
+2.2%
Other liabilities
330
275
299
+20.2%
Total liabilities and equity
3,002
2,889
2,839
+3.9%
Fixed assets
1,772
1,728
1,687
+2.6%
Goodwill
494
490
490
+0.8%
Intangible assets
155
163
178
-5.0%
Cash and equivalents
41.3
52.1
31.8
-20.7%
Receivables
269
251
247
+7.4%
Other assets
271
205
205
+31.7%
Total assets
3,002
2,889
2,839
+3.9%
10-K for the year ended 31 December 2014, filed 26 February 2015: the filing.