GEO Group (GEO) FY2017 results: revenue $2.3 billion, up 3.9% on the year
GEO Group Inc. (GEO) reported revenue of $2.3 billion for fiscal 2017, the year ended 31 December 2017, up 3.9% on the year before. Net income was $146 million, down 1.7%, and diluted earnings per share $1.21. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2018.
Revenue
$2.3 billion
+3.9% on the year
FY2011FY2017
Operating margin
11.0%
12.2% a year earlier
FY2011FY2017
Net income
$146 million
-1.7% on the year
FY2011FY2017
Diluted EPS
$1.21
-9.2% on the year
FY2011FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,263
2,179
1,843
+3.9%
Operating income
248
266
236
-6.5%
Operating margin
11.0%
12.2%
12.8%
Interest expense
148
129
106
+15.0%
Pre-tax income
152
149
141
+1.6%
Income tax
18.0
7.9
7.4
+127.2%
Effective tax rate
11.8%
5.3%
5.2%
Net income
146
149
139
-1.7%
Net margin
6.5%
6.8%
7.6%
Diluted EPS
$1.21
$1.33
$1.25
-9.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
381
-28.0
142
Capital expenditure
148
81.6
118
+81.9%
Free cash flow
233
-110
24.6
Free cash flow margin
10.3%
-5.0%
1.3%
Cash from investing
-500
-77.7
-453
Cash from financing
165
120
332
+37.6%
Depreciation and amortisation
124
115
107
+8.2%
Share-based compensation
19.8
12.8
11.7
+55.4%
Buybacks
0.0
0.0
2.8
Dividends paid
227
195
187
+16.8%
Dividend per share
$1.88
$1.73
$1.67
+8.5%
Diluted shares, weighted
121m
111m
111m
+8.4%
Shares outstanding at period end
124m
113m
112m
+10.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,199
975
1,007
+23.0%
Non-controlling interest
-0.3
-0.1
0.1
Debt
2,620
2,459
2,139
+6.5%
Other liabilities
408
315
316
+29.4%
Total liabilities and equity
4,227
3,749
3,462
+12.7%
Fixed assets
2,078
1,897
1,916
+9.5%
Goodwill
779
615
615
+26.6%
Intangible assets
255
204
224
+25.2%
Cash and equivalents
81.4
68.0
59.6
+19.6%
Receivables
390
356
314
+9.4%
Other assets
643
609
333
+5.7%
Total assets
4,227
3,749
3,462
+12.7%
10-K for the year ended 31 December 2017, filed 26 February 2018: the filing.