GEO Group (GEO) FY2018 results: revenue $2.3 billion, up 3.0% on the year
GEO Group Inc. (GEO) reported revenue of $2.3 billion for fiscal 2018, the year ended 31 December 2018, up 3.0% on the year before. Net income was $145 million, down 0.8%, and diluted earnings per share $1.20. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2020.
Revenue
$2.3 billion
+3.0% on the year
FY2011FY2018
Operating margin
11.4%
11.0% a year earlier
FY2011FY2018
Net income
$145 million
-0.8% on the year
FY2011FY2018
Diluted EPS
$1.20
-0.8% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
2,331
2,263
2,179
+3.0%
Operating income
265
248
266
+6.6%
Operating margin
11.4%
11.0%
12.2%
Interest expense
150
148
129
+1.4%
Pre-tax income
149
152
149
-1.7%
Income tax
14.1
18.0
7.9
-21.4%
Effective tax rate
9.5%
11.8%
5.3%
Net income
145
146
149
-0.8%
Net margin
6.2%
6.5%
6.8%
Diluted EPS
$1.20
$1.21
$1.33
-0.8%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
274
381
-28.0
-28.0%
Capital expenditure
196
148
81.6
+31.8%
Free cash flow
78.8
233
-110
-66.1%
Free cash flow margin
3.4%
10.3%
-5.0%
Cash from investing
-188
-500
-77.7
Cash from financing
-125
165
120
Depreciation and amortisation
126
124
115
+1.7%
Share-based compensation
22.0
19.8
12.8
+11.1%
Buybacks
95.2
0.0
0.0
Dividends paid
229
227
195
+0.9%
Dividend per share
$1.88
$1.88
$1.73
0.0%
Diluted shares, weighted
121m
121m
111m
-0.1%
Shares outstanding at period end
121m
124m
113m
-2.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,041
1,199
975
-13.2%
Non-controlling interest
-0.6
-0.3
-0.1
Debt
2,777
2,620
2,459
+6.0%
Operating lease liabilities
0.0
n/a
n/a
Finance lease liabilities
4.6
n/a
n/a
Other liabilities
436
408
315
+7.0%
Total liabilities and equity
4,258
4,227
3,749
+0.7%
Fixed assets
2,159
2,078
1,897
+3.9%
Goodwill
776
779
615
-0.3%
Intangible assets
232
255
204
-9.0%
Cash and equivalents
31.3
81.4
68.0
-61.6%
Receivables
446
390
356
+14.3%
Other assets
614
643
609
-4.5%
Total assets
4,258
4,227
3,749
+0.7%
10-K for the year ended 31 December 2018, filed 26 February 2020: the filing.