GEO Group (GEO) FY2020 results: revenue $2.4 billion, down 5.2% on the year
GEO Group Inc. (GEO) reported revenue of $2.4 billion for fiscal 2020, the year ended 31 December 2020, down 5.2% on the year before. Net income was $113 million, down 32.2%, and diluted earnings per share $0.94. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2021.
Revenue
$2.4 billion
-5.2% on the year
FY2013FY2020
Operating margin
9.8%
12.2% a year earlier
FY2013FY2020
Net income
$113 million
-32.2% on the year
FY2013FY2020
Diluted EPS
$0.94
-32.9% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
2,350
2,478
2,331
-5.2%
Operating income
229
303
265
-24.3%
Operating margin
9.8%
12.2%
11.4%
Interest expense
127
151
150
-16.0%
Pre-tax income
124
174
149
-28.5%
Income tax
20.5
16.6
14.1
+22.9%
Effective tax rate
16.5%
9.6%
9.5%
Net income
113
167
145
-32.2%
Net margin
4.8%
6.7%
6.2%
Diluted EPS
$0.94
$1.40
$1.20
-32.9%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
442
338
274
+30.6%
Capital expenditure
109
117
196
-7.2%
Free cash flow
333
221
78.8
+50.7%
Free cash flow margin
14.2%
8.9%
3.4%
Cash from investing
-104
-104
-188
Cash from financing
-96.7
-251
-125
Depreciation and amortisation
135
131
126
+2.9%
Share-based compensation
23.9
22.3
22.0
+6.9%
Buybacks
9.0
0.0
95.2
Dividends paid
216
233
229
-7.1%
Dividend per share
$1.78
$1.92
$1.88
-7.3%
Diluted shares, weighted
120m
119m
121m
+0.6%
Shares outstanding at period end
121m
121m
121m
+0.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
913
997
1,041
-8.4%
Non-controlling interest
-1.0
-0.8
-0.6
Debt
2,936
2,770
2,777
+6.0%
Operating lease liabilities
101
97.3
0.0
+4.2%
Finance lease liabilities
1.3
3.0
4.6
-56.7%
Other liabilities
510
451
436
+12.9%
Total liabilities and equity
4,460
4,318
4,258
+3.3%
Fixed assets
2,122
2,145
2,159
-1.1%
Goodwill
755
776
776
-2.7%
Intangible assets
188
210
232
-10.6%
Cash and equivalents
284
32.5
31.3
+773.4%
Receivables
363
431
446
-15.9%
Other assets
749
723
614
+3.6%
Total assets
4,460
4,318
4,258
+3.3%
10-K for the year ended 31 December 2020, filed 16 February 2021: the filing.