The GEO Group, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $254.4M | $32.0M | $107.3M | $171.8M | $77.4M | $113.0M | $166.6M | $145.1M |
| Depreciation & Amortization | $132.0M | $126.2M | $125.8M | $132.9M | $135.2M | $134.7M | $130.8M | $126.4M |
| Depreciation | $117.6M | $113.2M | $111.0M | $111.6M | $109.6M | $112.4M | $107.9M | $103.5M |
| Amortization | $9.3M | $9.3M | $11.8M | $18.4M | $21.6M | $22.3M | $22.3M | $22.9M |
| Stock-Based Compensation | $23.6M | $18.1M | $15.1M | $16.2M | $19.2M | $23.9M | $22.3M | $22.0M |
| Net Cash from Operating Activities | $72.6M | $242.2M | $277.8M | $288.0M | $282.6M | $441.7M | $338.1M | $274.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $197.5M | $78.7M | $73.0M | $90.0M | $69.4M | $108.8M | $117.2M | $195.7M |
| Business Acquisitions | — | — | — | — | — | — | $0 | $0 |
| Net Cash from Investing Activities | $105.7M | $-101.7M | $-53.4M | $11.4M | $-53.7M | $-104.2M | $-104.1M | $-188.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | $30.5M | $216.1M | $232.5M | $229.5M |
| Stock Repurchases | $91.0M | — | — | — | — | $9.0M | $0 | $95.2M |
| Net Cash from Financing Activities | $-185.7M | $-168.9M | $-208.1M | $-699.1M | $11.3M | $-96.7M | $-250.7M | $-125.0M |
| Net Change in Cash | $-2.2M | $-34.0M | $16.0M | $-404.5M | $236.5M | $244.4M | $-17.0M | $-49.1M |
| Free Cash Flow | $-124.9M | $163.5M | $204.8M | $198.0M | $213.2M | $332.9M | $220.9M | $78.8M |