GEO Group (GEO) FY2016 results: revenue $2.2 billion, up 18.2% on the year
GEO Group Inc. (GEO) reported revenue of $2.2 billion for fiscal 2016, the year ended 31 December 2016, up 18.2% on the year before. Net income was $149 million, up 6.7%, and diluted earnings per share $1.33. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2017.
Revenue
$2.2 billion
+18.2% on the year
FY2011FY2016
Operating margin
12.2%
12.8% a year earlier
FY2011FY2016
Net income
$149 million
+6.7% on the year
FY2011FY2016
Diluted EPS
$1.33
+6.4% on the year
FY2011FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,179
1,843
1,692
+18.2%
Operating income
266
236
235
+12.7%
Operating margin
12.2%
12.8%
13.9%
Interest expense
129
106
87.4
+21.3%
Pre-tax income
149
141
152
+5.9%
Income tax
7.9
7.4
14.1
+7.0%
Effective tax rate
5.3%
5.2%
9.3%
Net income
149
139
144
+6.7%
Net margin
6.8%
7.6%
8.5%
Diluted EPS
$1.33
$1.25
$1.32
+6.4%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
-28.0
142
203
Capital expenditure
81.6
118
n/a
-30.6%
Free cash flow
-110
24.6
n/a
Free cash flow margin
-5.0%
1.3%
n/a
Cash from investing
-77.7
-453
-121
Cash from financing
120
332
-88.9
-64.0%
Depreciation and amortisation
115
107
96.2
+7.6%
Share-based compensation
12.8
11.7
8.9
+9.1%
Buybacks
0.0
2.8
1.8
Dividends paid
195
187
170
+4.2%
Dividend per share
$1.73
$1.67
$1.55
+3.6%
Diluted shares, weighted
111m
111m
109m
+0.4%
Shares outstanding at period end
113m
112m
111m
+0.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
975
1,007
1,046
-3.1%
Non-controlling interest
-0.1
0.1
0.3
Debt
2,459
2,139
1,626
+15.0%
Other liabilities
315
316
330
-0.3%
Total liabilities and equity
3,749
3,462
3,002
+8.3%
Fixed assets
1,897
1,916
1,772
-1.0%
Goodwill
615
615
494
-0.0%
Intangible assets
204
224
155
-9.0%
Cash and equivalents
68.0
59.6
41.3
+14.1%
Receivables
356
314
269
+13.4%
Other assets
609
333
271
+83.0%
Total assets
3,749
3,462
3,002
+8.3%
10-K for the year ended 31 December 2016, filed 27 February 2017: the filing.