The GEO Group (The GEO Group) Cash And Cash Equivalents

: $94 Mil (As of Dec. 2023)

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The GEO Group's quarterly cash and cash equivalents increased from Jun. 2023 ($48.72 Mil) to Sep. 2023 ($141.02 Mil) but then stayed the same from Sep. 2023 ($141.02 Mil) to Dec. 2023 ($93.97 Mil).

The GEO Group's annual cash and cash equivalents declined from Dec. 2021 ($506.49 Mil) to Dec. 2022 ($95.07 Mil) and declined from Dec. 2022 ($95.07 Mil) to Dec. 2023 ($93.97 Mil).

The GEO Group Cash And Cash Equivalents Historical Data

The historical data trend for The GEO Group's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The GEO Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

32.46

283.52

506.49

95.07

93.97

The GEO Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents																95.07	110.92	48.72	141.02	93.97

The GEO Group Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

The GEO Group (NYSE:GEO) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

The GEO Group Cash And Cash Equivalents Related Terms

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The GEO Group (The GEO Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » The GEO Group Inc (NYSE:GEO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GEO1:Mexico GEG:Germany GEG:Germany

Address

4955 Technology Way, Boca Raton, FL, USA, 33431

Website

https://www.geogroup.com

The GEO Group Inc specializes in detention facilities and community-reentry centers. It operates in four segments: U.S. Secure Services, which primarily encompasses U.S.-based secure services business; Electronic Monitoring and Supervision Services, which conducts its services in the United States, represents services provided to adults for monitoring services and evidence-based supervision and treatment programs for community-based parolees, probationers, and pretrial defendants; Reentry Services conducts its services in the United States represents services provided to adults for residential and non-residential treatment, educational and community-based programs, pre-release and half-way house programs; and International Services.

Executives

Shayn P. March	officer: VP of Finance and Treasurer	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Scott Michael Kernan	director	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
James H. Black	officer: SVP & Pres, Secure Services	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Christopher D. Ryan	officer: Senior VP, Human Resources	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Lindsay L. Koren	director	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Matthew Albence	officer: Senior VP, Client Relations	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Andrew N Shapiro	director	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Thomas C. Bartzokis	director	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Terry P. Mayotte	director	C/O TREAN INSURANCE GROUP, INC., 150 LAKE STREET WEST, WAYZATA MN 55391
Jack Brewer	director	6200 EXCELSIOR BLVD., SUITE 104, ST. LOUIS PARK MN 55416
George C Zoley	director, officer: Chairman & CEO	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Anne N Foreman	director	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Richard H Glanton	director	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Duane Helkowski	director	4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Blake Davis	officer: Pres. GEO Secure Services	4955 TECHNOLOGY WAY, BOCA RATON FL 33431