GEO GROUP INC (GEO) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
U.S. operations				2,216.4	2,073.3	1,952.2	1,770.3	1,581.8
Various agencies of the U.S Federal Government				1,313.3	1,165.7	1,086.4	1,046.2
GEO Care					580.3	514.2	394.4
Australia operations				235.5	231.2	285.7	388.4	237.7
Other								23.8
Total revenues	2,376.7	2,256.6	2,350.1	2,477.9	2,331.4	2,263.4	2,179.5	1,843.3
Revenue growth [+]	5.3%	-4.0%	-5.2%	6.3%	3.0%	3.9%	18.2%	9.0%
U.S. operations				6.9%	6.2%	10.3%	11.9%	10.0%
Various agencies of the U.S Federal Government				12.7%	7.3%	3.9%
GEO Care					12.9%	30.4%
Australia operations				1.9%	-19.1%	-26.4%	63.4%	12.9%
International services					29.7%	24.4%	1.6%	-21.8%
Cost of goods sold	0.0	0.0	0.0	1,858.1	1,755.8	1,700.5	1,650.3	1,363.8
Gross profit	2,376.7	2,256.6	2,350.1	619.9	575.6	562.9	529.2	479.5
Gross margin	100.0%	100.0%	100.0%	25.0%	24.7%	24.9%	24.3%	26.0%
Selling, general and administrative [+]				185.9	184.5	190.3	148.7	137.0
General and administrative	0.0	0.0	0.0	185.9	184.5	190.3	148.7	137.0
Equity in earnings				9.5	9.6	12.0	6.9	5.5
Other operating expenses	2,376.7	2,256.6	2,350.1
EBITDA [+]	132.9	135.2	134.7	443.5	400.7	384.6	387.4	348.0
EBITDA growth	-1.7%	0.4%	-69.6%	10.7%	4.2%	-0.7%	11.3%	3.4%
EBITDA margin	5.6%	6.0%	5.7%	17.9%	17.2%	17.0%	17.8%	18.9%
Depreciation	114.5	113.6	112.4	108.5	103.5	99.6	94.5	87.5
EBITA	18.4	21.6	22.3	334.9	297.2	285.0	292.9	260.6
EBITA margin	0.8%	1.0%	0.9%	13.5%	12.7%	12.6%	13.4%	14.1%
Amortization of intangibles	18.4	21.6	22.3	22.3	22.9	24.7	20.4	19.3
EBIT [+]	0.0	0.0	0.0	312.6	274.3	260.3	272.5	241.3
EBIT growth			-100.0%	14.0%	5.4%	-4.5%	13.0%	0.3%
EBIT margin	0.0%	0.0%	0.0%	12.6%	11.8%	11.5%	12.5%	13.1%
Interest expense, net [+]				122.1	115.3	96.3	100.2	94.6
Interest expense				151.0	150.1	148.0	128.7	106.1
Interest income				28.9	34.8	51.7	28.5	11.6
Other income (expense), net [+]	229.8	192.8	124.1	-17.0	-9.6	-12.0	-22.8	-5.5
Gain (loss) on debt retirement				-4.8			-15.9
Pre-tax income	229.8	192.8	124.1	173.5	149.3	151.9	149.5	141.2
Income taxes	62.9	122.7	20.5	16.6	14.1	18.0	7.9	7.4
Tax rate	27.4%	63.6%	16.5%	9.6%	9.5%	11.8%	5.3%	5.2%
Minority interest				-0.2	-0.3	-0.2	-0.2	-0.1
Net income	171.8	77.4	113.0	166.6	145.1	146.2	148.7	139.4
Net margin	7.2%	3.4%	4.8%	6.7%	6.2%	6.5%	6.8%	7.6%

Basic EPS [+]	$1.42	$0.64	$0.94	$1.40	$1.21	$1.22	$1.34	$1.26
Growth	120.7%	-31.9%	-32.5%	15.9%	-0.9%	-9.1%	6.2%	-36.7%
Diluted EPS [+]	$1.41	$0.64	$0.94	$1.40	$1.20	$1.21	$1.33	$1.26
Growth	119.1%	-31.9%	-32.5%	16.2%	-0.7%	-9.3%	6.2%	-36.7%

Dividends per share [+]		$0.25	$1.78	$1.92	$1.88	$1.88	$1.73	$1.67
Growth	-100.0%	-86.0%	-7.3%	2.1%	0.0%	8.7%	3.6%	-28.3%

Shares outstanding (basic) [+]	121.0	120.4	119.7	119.1	120.2	120.1	111.1	110.5
Growth	0.5%	0.6%	0.5%	-1.0%	0.1%	8.1%	0.5%	53.0%
Shares outstanding (diluted) [+]	122.3	120.7	120.0	119.3	120.7	120.8	111.5	111.0
Growth	1.3%	0.6%	0.6%	-1.2%	-0.1%	8.4%	0.4%	53.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.