The GEO Group (The GEO Group) Gross Property, Plant and Equipment

: $3,152 Mil (As of Dec. 2023)

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The GEO Group's quarterly gross PPE declined from Jun. 2023 ($2,073 Mil) to Sep. 2023 ($2,058 Mil) but then increased from Sep. 2023 ($2,058 Mil) to Dec. 2023 ($3,152 Mil).

The GEO Group's annual gross PPE increased from Dec. 2021 ($3,099 Mil) to Dec. 2022 ($3,115 Mil) and increased from Dec. 2022 ($3,115 Mil) to Dec. 2023 ($3,152 Mil).

The GEO Group Gross Property, Plant and Equipment Historical Data

The historical data trend for The GEO Group's Gross Property, Plant and Equipment 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

Gross Property, Plant and Equipment

3,085.28

3,136.44

3,099.10

3,114.81

3,151.92

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
Gross Property, Plant and Equipment																3,114.81	2,058.15	2,072.86	2,058.08	3,151.92

The GEO Group Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:

Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:

Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.

The GEO Group (NYSE:GEO) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.

The GEO Group Gross Property, Plant and Equipment 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 » Gross Property, Plant and Equipment

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