GEO Group (GEO) FY2022 results: revenue $2.4 billion, up 5.3% on the year
GEO Group Inc. (GEO) reported revenue of $2.4 billion for fiscal 2022, the year ended 31 December 2022, up 5.3% on the year before. Net income was $172 million, up 121.9%, and diluted earnings per share $1.17. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.
Revenue
$2.4 billion
+5.3% on the year
FY2015FY2022
Operating margin
16.2%
12.8% a year earlier
FY2015FY2022
Net income
$172 million
+121.9% on the year
FY2015FY2022
Diluted EPS
$1.17
+101.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
288
283
442
+1.9%
Capital expenditure
90.0
69.4
109
+29.7%
Free cash flow
198
213
333
-7.2%
Free cash flow margin
8.3%
9.4%
14.2%
Cash from investing
11.4
-53.7
-104
Cash from financing
-699
11.3
-96.7
Depreciation and amortisation
133
135
135
-1.7%
Share-based compensation
16.2
19.2
23.9
-15.6%
Buybacks
n/a
n/a
9.0
Dividends paid
n/a
30.5
216
Dividend per share
$0.00
$0.25
$1.78
Diluted shares, weighted
122m
121m
120m
+1.3%
Shares outstanding at period end
124m
122m
121m
+1.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,166
976
913
+19.5%
Non-controlling interest
-1.3
-1.2
-1.0
Debt
2,046
2,968
2,936
-31.1%
Operating lease liabilities
73.8
89.9
101
-17.9%
Finance lease liabilities
1.3
2.0
1.3
-35.3%
Other liabilities
474
503
510
-5.7%
Total liabilities and equity
3,760
4,537
4,460
-17.1%
Fixed assets
2,002
2,038
2,122
-1.8%
Goodwill
755
755
755
-0.0%
Intangible assets
148
166
188
-11.1%
Cash and equivalents
95.1
506
284
-81.2%
Receivables
416
366
363
+13.9%
Inventory
20.7
9.0
n/a
+130.0%
Other assets
323
697
749
-53.6%
Total assets
3,760
4,537
4,460
-17.1%
10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.