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As Reported Financials
Balance Sheet
Income Statement
Cash Flow Statement
Balance Sheet
Balance Sheet
Income Statement
Cashflow Statement
Document Name
As Of Date
Currency Code (in thousands)
2016 Y
10-K
12/31/2016
USD
2017 Y
10-K
12/31/2017
USD
2018 Y
10-K
12/31/2018
USD
2019 Y
10-Q
12/31/2019
USD
2020 Q2 YTD
10-Q
6/30/2020
USD
Document Name
As Of Date
Currency Code
2016 Y
10-K
12/31/2017
USD
2017 Y
10-K
12/31/2018
USD
2018 Y
10-K
12/31/2019
USD
2019 Y
10-Q
6/30/2020
USD
2020 Q2 YTD
10-Q
6/30/2020
USD
ASSETS
Current Assets
Cash and cash equivalents
68,038
81,377
31,255
32,463
75,734
Restricted cash and cash equivalents
17,133
44,932
51,678
32,418
28,345
Accounts receivable, less allowance for doubtful accounts
356,255
389,916
445,526
430,982
361,030
Contract receivable, current portion
224,033
18,142
15,535
11,199
6,078
Prepaid expenses and other current assets
32,210
45,342
57,768
40,716
39,133
Total current assets
697,669
579,709
601,762
547,778
510,320
Restricted Cash and Investments
20,848
27,999
22,431
30,923
32,703
Property and Equipment, Net
1,897,241
2,078,123
2,158,610
2,144,722
2,130,126
Assets Held for Sale
0
3,915
2,634
6,059
4,526
Contract Receivable
219,783
404,309
368,178
360,647
355,964
Operating Lease Right-of-Use Assets, Net
NA
NA
0
121,527
123,401
Deferred Income Tax Assets
30,039
26,277
29,924
36,278
36,278
Goodwill
615,433
778,951
776,359
776,356
776,349
Intangible Assets, Net
203,884
255,339
232,360
210,070
198,826
Other Non-Current Assets
64,512
72,286
65,860
83,174
74,219
Total Assets
3,749,409
4,226,908
4,258,118
4,317,534
4,242,712
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Accounts payable
79,637
92,587
93,032
99,232
86,155
Accrued payroll and related taxes
55,260
71,732
76,009
54,672
76,925
Accrued expenses and other current liabilities
131,096
176,324
204,170
191,608
186,272
Operating lease liabilities, current portion
NA
NA
0
26,208
26,992
Current portion of finance lease liabilities, long-term debt and non-recourse debt
238,065
28,920
332,027
24,208
24,577
Total current liabilities
504,058
369,563
705,238
395,928
400,921
Deferred Income Tax Liabilities
0
8,757
13,681
19,254
19,254
Other Non-Current Liabilities
88,656
96,702
82,481
88,526
104,601
Operating Lease Liabilities
NA
NA
0
97,291
99,264
Finance Lease Liabilities
7,431
6,059
4,570
2,954
2,608
Long-Term Debt
1,935,465
2,181,544
2,397,227
2,408,297
2,371,556
Non-Recourse Debt
238,842
365,364
15,017
309,236
300,213
Shareholders' Equity
Preferred stock
0
0
0
0
0
Common stock
1,125
1,240
1,248
1,254
1,262
Additional paid-in capital
891,993
1,190,906
1,210,916
1,230,865
1,252,037
Distributions in excess of earnings
112,763
31,541
(52,868)
(119,779)
(174,038)
Accumulated other comprehensive loss
(30,825)
(24,446)
(23,618)
(20,335)
(29,554)
Treasury stock
NA
0
(95,175)
(95,175)
(104,457)
Total shareholders' equity attributable to The GEO Group, Inc
975,056
1,199,241
1,040,503
996,830
945,250
Noncontrolling interests
(99)
(322)
(599)
(782)
(955)
Total shareholders' equity
974,957
1,198,919
1,039,904
996,048
944,295
Total Liabilities and Shareholders' Equity
3,749,409
4,226,908
4,258,118
4,317,534
4,242,712
Document Name
As Of Date
Currency Code (in thousands)
2016 Y
10-K
12/31/2016
USD
2017 Y
10-K
12/31/2017
USD
2018 Y
10-K
12/31/2018
USD
2019 Y
10-K
12/31/2019
USD
2020 Q2 YTD
10-Q
6/30/2020
USD
Document Name
As Of Date
Currency Code
2016 Y
10-K
12/31/2018
USD
2017 Y
10-K
12/31/2019
USD
2018 Y
10-K
12/31/2019
USD
2019 Y
10-K
12/31/2019
USD
2020 Q2 YTD
10-Q
6/30/2020
USD
Revenues
2,179,490
2,263,420
2,331,386
2,477,922
1,192,846
Operating expenses
1,650,281
1,700,495
1,755,772
1,860,758
906,661
Depreciation and amortization
114,916
124,297
126,434
130,825
66,761
General and administrative expenses
148,709
190,343
184,515
185,926
99,325
Operating income
265,584
248,285
264,665
300,413
120,099
Interest income
28,496
51,676
34,755
28,934
10,686
Interest expense
(128,718)
(148,024)
(150,103)
(151,024)
(64,790)
(Loss) gain on extinguishment of debt
(15,885)
0
0
(4,795)
1,563
Income before income taxes and equity in earnings of affiliates
149,477
151,937
149,317
173,528
67,558
Provision for income taxes
7,904
17,958
14,117
16,648
10,742
Equity in earnings of affiliates, net of income tax provision
6,925
12,045
9,627
9,532
4,959
Net income
148,498
146,024
144,827
166,412
61,775
Net loss attributable to noncontrolling interests
217
217
262
191
126
Net income attributable to The GEO Group, Inc.
148,715
146,241
145,089
166,603
61,901
Weighted-average common shares outstanding
Basic
111,065
120,095
120,241
119,097
119,602
Diluted
111,485
120,814
120,747
119,311
119,937
Basic
Net income per common share attributable to The GEO Group, Inc.- basic
1.34
1.22
1.21
1.40
0.52
Diluted
Net income per common share attributable to The GEO Group, Inc.- diluted
1.33
1.21
1.20
1.40
0.52
Dividends declared per share
1.73
1.88
1.88
1.92
0.96
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income
148,498
146,024
144,827
166,412
61,775
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments
482
3,808
(7,118)
2,267
(4,804)
Pension liability adjustment, net of tax provision
(704)
(1,420)
1,785
(3,247)
213
Change in fair value of derivative instrument classified as cash flow hedge, net of tax (benefit) provision
1,820
3,985
6,146
4,271
(4,675)
Total other comprehensive income (loss), net of tax
1,598
6,373
813
3,291
(9,266)
Total comprehensive income
150,096
152,397
145,640
169,703
52,509
Comprehensive loss attributable to noncontrolling interests
198
211
277
183
173
Comprehensive income attributable to The GEO Group, Inc.
150,294
152,608
145,917
169,886
52,682
Document Name
As Of Date
Currency Code (in thousands)
2016 Y
10-K
12/31/2016
USD
2017 Y
10-K
12/31/2017
USD
2018 Y
10-K
12/31/2018
USD
2019 Y
10-K
12/31/2019
USD
2020 Q1 YTD
10-Q
3/31/2020
USD
Document Name
As Of Date
Currency Code
2016 Y
10-K
12/31/2018
USD
2017 Y
10-K
12/31/2019
USD
2018 Y
10-K
12/31/2019
USD
2019 Y
10-K
12/31/2019
USD
2020 Q1 YTD
10-Q
3/31/2020
USD
Cash Flow from Operating Activities
Net income
148,498
146,024
144,827
166,412
25,121
Net loss attributable to noncontrolling interests
217
217
262
191
60
Net income attributable to The GEO Group, Inc.
148,715
146,241
145,089
166,603
25,181
Adjustments to reconcile net income attributable to The GEO Group, Inc. to net cash provided by operating activities
Depreciation and amortization expense
114,916
124,297
126,434
130,825
33,327
Deferred tax provision (benefit)
(5,963)
12,238
1,230
(588)
NA
Stock-based compensation
12,773
19,844
22,049
22,344
9,768
Gain on extinguishment of debt
15,885
0
0
4,795
(1,563)
Amortization of debt issuance costs, discount and/or premium and other non-cash interest
12,121
16,540
8,856
8,609
1,670
Provision for doubtful accounts
2,682
2,456
823
190
25
Equity in earnings of affiliates, net of tax
(6,925)
(12,045)
(9,627)
(9,532)
(2,260)
Income tax deficiency (benefit) related to equity compensation
1,626
NA
NA
NA
NA
Dividends received from unconsolidated joint venture
1,611
6,132
11,846
10,312
633
Loss on sale/disposal of property and equipment, net
394
1,520
4,236
5,576
304
Loss on assets held for sale
NA
0
0
1,083
0
Changes in assets and liabilities, net of effects of acquisitions
Changes in accounts receivable, prepaid expenses and other assets
(50,946)
20,938
(66,101)
(8,391)
53,210
Changes in contract receivable
(280,562)
40,515
(2,049)
(4,355)
1,206
Changes in accounts payable, accrued expenses and other liabilities
5,645
2,366
31,689
10,672
6,758
Net cash provided by operating activities
(28,028)
381,042
274,475
338,143
128,259
Cash Flow from Investing Activities
Insurance proceeds - damaged property
4,733
2,754
1,438
19,310
0
Acquisition of CEC, cash consideration, net of cash acquired
0
(353,556)
0
0
NA
Proceeds from sale of property and equipment
2,030
3,460
2,077
414
264
Proceeds from sale of assets held for sale
0
0
3,797
823
1,300
Change in restricted investments
(2,892)
(4,507)
(129)
(7,440)
3,363
Capital expenditures
(81,565)
(148,406)
(195,666)
(117,244)
(30,652)
Net cash used in investing activities
(77,694)
(500,255)
(188,483)
(104,137)
(25,725)
Cash Flow from Financing Activities
Proceeds from long-term debt
1,012,945
1,389,084
502,998
521,370
96,000
Payments on long-term debt
(934,006)
(1,140,788)
(282,358)
(513,219)
(125,505)
Payments on non-recourse debt
(10,064)
(307,414)
(18,544)
(335,116)
(1,362)
Proceeds from non-recourse debt
266,835
181,658
0
321,102
NA
Taxes paid related to net share settlements of equity awards
(2,336)
(4,142)
(3,820)
(4,179)
(2,632)
Debt issuance costs
(21,115)
(9,542)
(990)
(9,856)
NA
Proceeds from issuance of common stock in connection with ESPP
436
497
534
532
150
Issuance of common stock in connection with public offering
0
275,867
0
0
NA
Payment for repurchases of common stock
0
0
(95,175)
0
(9,009)
Proceeds from the exercise of stock options
3,347
6,962
1,887
1,258
0
Income tax (deficiency) benefit related to equity compensation
(1,626)
NA
NA
NA
NA
Cash dividends paid
(194,748)
(227,463)
(229,498)
(232,546)
(57,703)
Net cash used in financing activities
119,668
164,719
(124,966)
(250,654)
(100,061)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents
1,119
(2,318)
(10,099)
(352)
(7,364)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents
15,065
43,188
(49,073)
(17,000)
(4,891)
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period
75,292
90,357
133,545
84,472
67,472
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period
90,357
133,545
84,472
67,472
62,581
Supplemental Disclosures
Cash paid during the year for
Income taxes
23,063
13,809
8,035
11,160
NA
Interest
109,356
115,354
133,566
135,579
NA
Non-cash Investing and Financing activities
Right-of-use assets obtained from operating lease liabilities upon adoption of new lease standard
NA
0
0
147,000
0
Right-of-use assets obtained from operating lease liabilities (subsequent to initial adoption)
NA
0
0
12,223
NA
Conversion of pension liability to shares of common stock
NA
NA
NA
NA
8,925
Capital expenditures in accounts payable and accrued expenses
894
13,039
15,253
11,049
3,304
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
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