GEO Group (GEO) FY2015 results: revenue $1.8 billion, up 9.0% on the year
GEO Group Inc. (GEO) reported revenue of $1.8 billion for fiscal 2015, the year ended 31 December 2015, up 9.0% on the year before. Net income was $139 million, down 3.1%, and diluted earnings per share $1.25. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$1.8 billion
+9.0% on the year
FY2011FY2015
Operating margin
12.8%
13.9% a year earlier
FY2011FY2015
Net income
$139 million
-3.1% on the year
FY2011FY2015
Diluted EPS
$1.25
-5.1% on the year
FY2011FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,843
1,692
1,522
+9.0%
Operating income
236
235
185
+0.4%
Operating margin
12.8%
13.9%
12.2%
Interest expense
106
87.4
83.0
+21.5%
Pre-tax income
141
152
85.1
-7.2%
Income tax
7.4
14.1
-26.1
-47.6%
Effective tax rate
5.2%
9.3%
-30.6%
Net income
139
144
115
-3.1%
Net margin
7.6%
8.5%
7.6%
Diluted EPS
$1.25
$1.32
$1.07
-5.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
142
203
192
-29.8%
Capital expenditure
118
n/a
n/a
Free cash flow
24.6
n/a
n/a
Free cash flow margin
1.3%
n/a
n/a
Cash from investing
-453
-121
-99.0
Cash from financing
332
-88.9
-69.0
Depreciation and amortisation
107
96.2
94.7
+11.0%
Share-based compensation
11.7
8.9
7.9
+31.4%
Buybacks
2.8
1.8
0.0
+51.1%
Dividends paid
187
170
147
+9.8%
Dividend per share
$1.67
$1.55
n/a
+7.7%
Diluted shares, weighted
111m
109m
107m
+2.0%
Shares outstanding at period end
112m
111m
108m
+0.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,007
1,046
1,024
-3.7%
Non-controlling interest
0.1
0.3
0.5
-68.5%
Debt
2,139
1,626
1,591
+31.6%
Other liabilities
316
330
275
-4.3%
Total liabilities and equity
3,462
3,002
2,889
+15.3%
Fixed assets
1,916
1,772
1,728
+8.1%
Goodwill
615
494
490
+24.6%
Intangible assets
224
155
163
+44.4%
Cash and equivalents
59.6
41.3
52.1
+44.3%
Receivables
314
269
251
+16.7%
Other assets
333
271
205
+22.9%
Total assets
3,462
3,002
2,889
+15.3%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.