For the year ending 2025-12-31, GEO had -$2,229K decrease in cash & cash equivalents over the period. -$124,901K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | - | - | - | 171,692 |
| Net loss attributable to noncontrolling interests | - | - | - | -121 |
| Net income attributable to the geo group, inc. operations | 254,372 | 31,966 | 107,325 | 171,813 |
| Depreciation and amortization expense | 132,039 | 126,220 | 125,784 | 132,925 |
| Deferred tax provision | 22,089 | 1,537 | 1,476 | -13,126 |
| Amortization of debt issuance costs, discount and/or premium and other non-cash interest | 6,093 | 8,252 | 12,030 | 9,004 |
| Stock-based compensation | 23,593 | 18,107 | 15,065 | 16,204 |
| Loss on extinguishment of debt | -8,446 | -86,637 | -8,532 | -37,895 |
| Changes in contract receivable | - | - | - | -5,305 |
| Gain on early lease termination | 828 | - | - | - |
| Equity in earnings of affiliates, net of tax | 4,532 | 2,703 | 4,534 | 4,771 |
| (gain) loss on sale/disposal of property and equipment | 0 | 250 | -1,197 | 114 |
| Goodwill impairment charge | - | - | - | 0 |
| Realized/unrealized gain on investments | 10,687 | 6,084 | - | - |
| Net (gain) loss on asset divestitures/impairment | 232,381 | -2,907 | 4,691 | 32,332 |
| Dividends received from unconsolidated joint ventures | 10,165 | 5,082 | 2,987 | 4,486 |
| Provision for doubtful accounts | - | - | - | 258 |
| Changes in accounts receivable, prepaid expenses and other assets | 233,041 | 7,581 | -11,672 | 52,980 |
| Changes in accounts payable, accrued expenses and other liabilities | 97,283 | -21,854 | 8,090 | 21,845 |
| Change in restricted investments | - | - | - | 8,433 |
| Net cash provided by operating activities | 72,611 | 242,236 | 284,933 | 296,412 |
| Proceeds from sale of real estate and other assets | 321,050 | - | 19,583 | 101,419 |
| Purchases of marketable securities | 22,488 | 33,119 | - | - |
| Proceeds from sale of marketable securities | 4,634 | 10,092 | - | - |
| Change in restricted investments | - | - | 7,151 | - |
| Capital expenditures | 197,512 | 78,691 | 73,002 | 90,026 |
| Payments on non-recourse debt | - | - | - | 5,676 |
| Net cash provided by (used in) investing activities | 105,684 | -101,718 | -60,570 | 2,960 |
| Payments on long-term debt | 322,198 | 1,926,775 | 208,390 | 680,850 |
| Proceeds from long term debt | 0 | 1,720,500 | - | 30,000 |
| Proceeds from borrowings on revolver | 541,000 | 110,000 | - | - |
| Payments on revolver | 292,416 | - | - | - |
| Taxes paid related to net share settlements of equity awards | 24,430 | 9,657 | 3,443 | 1,302 |
| Debt issuance costs | 0 | 35,748 | 2,396 | 41,536 |
| Proceeds from the sale of treasury shares | 0 | - | 5,750 | - |
| Proceeds from stock options exercised | 4,553 | 8,192 | 239 | 66 |
| Proceeds from issuance of common stock in connection with espp | 173 | 158 | 157 | 198 |
| Payment for repurchases of common stock | 91,021 | - | - | - |
| Payments for call premiums | 1,320 | 35,558 | - | - |
| Net cash used in financing activities | -185,659 | -168,888 | -208,083 | -699,100 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents | 5,135 | -5,633 | -256 | -4,751 |
| Net (decrease) increase in cash, cash equivalents and restricted cash and cash equivalents | -2,229 | -34,003 | 16,024 | -404,479 |
| Cash, cash equivalents and restricted cash and cash equivalents, beginning of period | 125,864 | - | - | - |
| Cash, cash equivalents and restricted cash and cash equivalents, end of period | 123,635 | - | - | - |
GEO GROUP INC (GEO)
GEO GROUP INC (GEO)