GEO Group (GEO) FY2021 results: revenue $2.3 billion, down 4.0% on the year
GEO Group Inc. (GEO) reported revenue of $2.3 billion for fiscal 2021, the year ended 31 December 2021, down 4.0% on the year before. Net income was $77 million, down 31.5%, and diluted earnings per share $0.58. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$2.3 billion
-4.0% on the year
FY2014FY2021
Operating margin
12.8%
9.8% a year earlier
FY2014FY2021
Net income
$77 million
-31.5% on the year
FY2014FY2021
Diluted EPS
$0.58
-38.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
283
442
338
-36.0%
Capital expenditure
69.4
109
117
-36.2%
Free cash flow
213
333
221
-36.0%
Free cash flow margin
9.4%
14.2%
8.9%
Cash from investing
-53.7
-104
-104
Cash from financing
11.3
-96.7
-251
Depreciation and amortisation
135
135
131
+0.4%
Share-based compensation
19.2
23.9
22.3
-19.7%
Buybacks
n/a
9.0
0.0
Dividends paid
30.5
216
233
-85.9%
Dividend per share
$0.25
$1.78
$1.92
-86.0%
Diluted shares, weighted
121m
120m
119m
+0.6%
Shares outstanding at period end
122m
121m
121m
+1.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
976
913
997
+6.9%
Non-controlling interest
-1.2
-1.0
-0.8
Debt
2,968
2,936
2,770
+1.1%
Operating lease liabilities
89.9
101
97.3
-11.3%
Finance lease liabilities
2.0
1.3
3.0
+54.5%
Other liabilities
503
510
451
-1.3%
Total liabilities and equity
4,537
4,460
4,318
+1.7%
Fixed assets
2,038
2,122
2,145
-4.0%
Goodwill
755
755
776
-0.0%
Intangible assets
166
188
210
-11.5%
Cash and equivalents
506
284
32.5
+78.6%
Receivables
366
363
431
+0.8%
Inventory
9.0
n/a
n/a
Other assets
697
749
723
-6.9%
Total assets
4,537
4,460
4,318
+1.7%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.