investors.geogroup.com<\/a>.<\/p>\nNote to Reconciliation Tables and Supplemental Disclosure \u2013
\n
<\/b>Important Information on GEO’s Non-GAAP Financial Measures<\/b><\/p>\n
\nAdjusted Net Income, EBITDA, and Adjusted EBITDA are non-GAAP financial measures that are presented as supplemental disclosures. GEO has presented herein certain forward-looking statements about GEO’s future financial performance that include non-GAAP financial measures, including Net Debt, Net Leverage, and Adjusted EBITDA. The determination of the amounts that are included or excluded from these non-GAAP financial measures is a matter of management judgment and depends upon, among other factors, the nature of the underlying expense or income amounts recognized in a given period. While we have provided a high level reconciliation for the guidance ranges for full year 2026, we are unable to present a more detailed quantitative reconciliation of the forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures because management cannot reliably predict all of the necessary components of such GAAP measures. The quantitative reconciliation of the forward-looking non-GAAP financial measures will be provided for completed annual and quarterly periods, as applicable, calculated in a consistent manner with the quantitative reconciliation of non-GAAP financial measures previously reported for completed annual and quarterly periods.<\/p>\n
\nNet Debt is defined as gross principal debt less cash from restricted subsidiaries. Net Leverage is defined as Net Debt divided by Adjusted EBITDA.<\/p>\n
\nEBITDA is defined as net income adjusted by adding provisions for income tax, interest expense, net of interest income, and depreciation and amortization. Adjusted EBITDA is defined as EBITDA adjusted for (gain)\/loss on asset divestiture\/impairment, pre-tax, net loss attributable to non-controlling interests, stock-based compensation expenses, pre-tax, non-cash contingent liability and litigation and settlement costs, pre-tax, start-up expenses, pre-tax, ATM equity program expenses, pre-tax, transaction fees, pre-tax, employee restructuring expenses, pre-tax, close-out expenses, pre-tax, other non-cash revenue and expenses, pre-tax, and certain other adjustments as defined from time to time. Given the nature of our business as a real estate owner and operator, we believe that EBITDA and Adjusted EBITDA are helpful to investors as measures of our operational performance because they provide an indication of our ability to incur and service debt, to satisfy general operating expenses, to make capital expenditures, and to fund other cash needs or reinvest cash into our business.<\/p>\n
\nWe believe that by removing the impact of our asset base (primarily depreciation and amortization) and excluding certain non-cash charges, amounts spent on interest and taxes, and certain other charges that are highly variable from year to year, EBITDA and Adjusted EBITDA provide our investors with performance measures that reflect the impact to operations from trends in occupancy rates, per diem rates and operating costs, providing a perspective not immediately apparent from net income. The adjustments we make to derive the non-GAAP measures of EBITDA and Adjusted EBITDA exclude items which may cause short-term fluctuations in income from continuing operations and which we do not consider to be the fundamental attributes or primary drivers of our business plan and they do not affect our overall long-term operating performance. EBITDA and Adjusted EBITDA provide disclosure on the same basis as that used by our management and provide consistency in our financial reporting, facilitate internal and external comparisons of our historical operating performance and our business units and provide continuity to investors for comparability purposes.<\/p>\n
\nAdjusted Net Income is defined as net income attributable to GEO operations adjusted for certain items which by their nature are not comparable from period to period or that tend to obscure GEO\u2019s actual operating performance, including for the periods presented (gain)\/loss on asset divestitures\/impairment, pre-tax, loss on the extinguishment of debt, pre-tax, non-cash contingent liability and litigation and settlement costs, pre-tax, start-up expenses, pre-tax, ATM equity program expenses, pre-tax, transaction fees, pre-tax, employee restructuring expenses, pre-tax, close-out expenses, pre-tax, discreet tax benefit, and tax effect of adjustments to net income attributable to GEO operations.<\/p>\n
Safe-Harbor Statement<\/b><\/p>\n
This press release contains forward-looking statements regarding future events and future performance of GEO that involve risks and uncertainties that could materially and adversely affect actual results, including statements regarding GEO\u2019s financial guidance for the full year and first quarter of 2026, the $500 million share repurchase program authorized by GEO\u2019s Board of Directors, the anticipated timing and annualized revenues related to the activation of certain facilities and new and amended contracts, GEO\u2019s ability to capture additional growth opportunities, and the Company\u2019s efforts to strengthen its capital structure and enhance shareholder value through capital returns<\/i>. Forward-looking statements generally can be identified by the use of forward-looking terminology such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cseek,\u201d \u201cestimate,\u201d or \u201ccontinue\u201d or the negative of such words and similar expressions. Risks and uncertainties that could cause actual results to vary from current expectations and forward-looking statements contained in this press release include, but are not limited to: (1) GEO\u2019s ability to meet its financial guidance for the full year and first quarter of 2026 given the various risks to which its business is exposed; (2) GEO\u2019s ability to execute on the $500 million share repurchase program authorized by GEO\u2019s Board of Directors on the timeline it expects or at all; (3) GEO\u2019s ability to deleverage and repay, refinance or otherwise address its debt maturities in an amount and on terms commercially acceptable to GEO, and on the timeline it expects or at all; (4) GEO\u2019s ability to identify and successfully complete any potential sales of company-owned assets and businesses or potential acquisitions of assets or businesses on commercially advantageous terms on a timely basis, or at all; (5) changes in federal and state government policy, orders, directives, legislation and regulations that affect public-private partnerships with respect to secure, correctional and detention facilities, processing centers and reentry centers; (6) changes in federal immigration policy; (7) public and political opposition to the use of public-private partnerships with respect to secure correctional and detention facilities, processing centers and reentry centers; (8) the impact of any future global pandemic on GEO and GEO’s ability to mitigate the risks associated with such pandemic; (9) GEO\u2019s ability to sustain or improve company-wide occupancy rates at its facilities; (10) fluctuations in GEO\u2019s operating results, including as a result of contract activations, contract terminations, contract renegotiations, changes in occupancy levels and increases in GEO\u2019s operating costs; (11) general economic and market conditions, including changes to governmental budgets and its impact on new contract terms, contract renewals, renegotiations, per diem rates, fixed payment provisions, and occupancy levels; (12) GEO\u2019s ability to address inflationary pressures related to labor related expenses and other operating costs; (13) GEO\u2019s ability to timely open facilities as planned, profitably manage such facilities and successfully integrate such facilities into GEO\u2019s operations without substantial costs; (14) GEO\u2019s ability to win management contracts for which it has submitted proposals and to retain existing management contracts; (15) risks associated with GEO\u2019s ability to control operating costs associated with contract start-ups; (16) GEO\u2019s ability to successfully pursue growth opportunities and continue to create shareholder value; (17) GEO\u2019s ability to obtain financing or access the capital markets in the future on acceptable terms or at all; (18) any adverse impact on GEO\u2019s financial results caused by any past or future federal government shutdown; (19) risks associated with the U.S. Supreme Court agreeing to hear GEO\u2019s appeal in the Nwauzor Case and GEO\u2019s ability to prevail on the merits; and (20) other factors contained in GEO\u2019s Securities and Exchange Commission periodic filings, including its Form 10-K, 10-Q and 8-K reports, many of which are difficult to predict and outside of GEO\u2019s control.<\/i><\/p>\n\n\n| \n Fourth quarter and full year 2025 financial tables to follow:<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Condensed Consolidated Balance Sheets<\/span>*<\/b><\/p>\n\n(Unaudited)<\/p>\n<\/td>\n<\/tr>\n \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n\n As of<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n As of<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n\n December 31, 2025<\/i><\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n December 31, 2024<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n\n (unaudited)<\/i><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (unaudited)<\/i><\/p>\n<\/td>\n<\/tr>\n\n| ASSETS<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Cash and cash equivalents<\/td>\n | | \n$<\/td>\n | \n \n68,995<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n76,896<\/p>\n<\/td>\n<\/tr>\n | \n| Restricted cash and cash equivalents<\/td>\n | | \n | \n\n \n2,998<\/p>\n<\/td>\n | | \n | \n\n \n2,785<\/p>\n<\/td>\n<\/tr>\n | \n| Accounts receivable, less allowance for doubtful accounts<\/td>\n | | \n | \n\n \n593,463<\/p>\n<\/td>\n | | \n | \n\n \n376,013<\/p>\n<\/td>\n<\/tr>\n | \n| Prepaid expenses and other current assets<\/td>\n | | \n | \n\n \n53,073<\/p>\n<\/td>\n | | \n | \n\n \n44,485<\/p>\n<\/td>\n<\/tr>\n | \n| Total current assets<\/b><\/td>\n | | \n$<\/td>\n | \n 718,529<\/b><\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n 500,179<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Restricted Cash and Investments<\/i><\/b><\/td>\n | | \n | \n\n \n179,366<\/p>\n<\/td>\n | | \n | \n\n \n145,366<\/p>\n<\/td>\n<\/tr>\n | \n| Property and Equipment, Net<\/i><\/b><\/td>\n | | \n | \n\n \n1,884,198<\/p>\n<\/td>\n | | \n | \n\n \n1,899,690<\/p>\n<\/td>\n<\/tr>\n | \n| Operating Lease Right-of-Use Assets, Net<\/i><\/b><\/td>\n | | \n | \n\n \n72,294<\/p>\n<\/td>\n | | \n | \n\n \n95,327<\/p>\n<\/td>\n<\/tr>\n | \n| Deferred Income Tax Assets<\/i><\/b><\/td>\n | | \n | \n\n \n9,396<\/p>\n<\/td>\n | | \n | \n\n \n9,522<\/p>\n<\/td>\n<\/tr>\n | \n| Intangible Assets, Net (including goodwill)<\/i><\/b><\/td>\n | | \n | \n\n \n873,360<\/p>\n<\/td>\n | | \n | \n\n \n882,577<\/p>\n<\/td>\n<\/tr>\n | \n| Other Non-Current Assets<\/i><\/b><\/td>\n | | \n | \n\n \n106,479<\/p>\n<\/td>\n | | \n | \n\n \n99,419<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Total Assets<\/b><\/td>\n | | \n$<\/b><\/td>\n | \n 3,843,622<\/b><\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n 3,632,080<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| LIABILITIES AND SHAREHOLDERS’ EQUITY<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Accounts payable<\/td>\n | | \n$<\/td>\n | \n \n58,727<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n67,464<\/p>\n<\/td>\n<\/tr>\n | \n| Accrued payroll and related taxes<\/td>\n | | \n | \n\n \n82,086<\/p>\n<\/td>\n | | \n | \n\n \n68,044<\/p>\n<\/td>\n<\/tr>\n | \n| Accrued expenses and other current liabilities<\/td>\n | | \n | \n\n \n197,530<\/p>\n<\/td>\n | | \n | \n\n \n177,768<\/p>\n<\/td>\n<\/tr>\n | \n| Operating lease liabilities, current portion<\/td>\n | | \n | \n\n \n17,193<\/p>\n<\/td>\n | | \n | \n\n \n25,335<\/p>\n<\/td>\n<\/tr>\n | \n| Current portion of finance lease obligations, and long-term debt<\/td>\n | | \n | \n\n \n1,355<\/p>\n<\/td>\n | | \n | \n\n \n1,612<\/p>\n<\/td>\n<\/tr>\n | \n| Total current liabilities<\/b><\/td>\n | | \n$<\/td>\n | \n 356,891<\/b><\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n 340,223<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Deferred Income Tax Liabilities<\/i><\/b><\/td>\n | | \n | \n\n \n99,689<\/p>\n<\/td>\n | | \n | \n\n \n78,198<\/p>\n<\/td>\n<\/tr>\n | \n| Other Non-Current Liabilities<\/i><\/b><\/td>\n | | \n | \n\n \n176,083<\/p>\n<\/td>\n | | \n | \n\n \n95,410<\/p>\n<\/td>\n<\/tr>\n | \n| Operating Lease Liabilities<\/i><\/b><\/td>\n | | \n | \n\n \n57,557<\/p>\n<\/td>\n | | \n | \n\n \n73,638<\/p>\n<\/td>\n<\/tr>\n | \n| Long-Term Debt<\/i><\/b><\/td>\n | | \n | \n\n \n1,649,268<\/p>\n<\/td>\n | | \n | \n\n \n1,711,197<\/p>\n<\/td>\n<\/tr>\n | \n| Total Shareholders’ Equity<\/i><\/b><\/td>\n | | \n | \n\n \n1,504,134<\/p>\n<\/td>\n | | \n | \n\n \n1,333,414<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Total Liabilities and Shareholders’ Equity<\/b><\/td>\n | | \n$<\/b><\/td>\n | \n 3,843,622<\/b><\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n 3,632,080<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| * All figures in ‘000s<\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\n\n\n| \n Condensed Consolidated Statements of Operations<\/span>*<\/b><\/p>\n\n(Unaudited)<\/p>\n<\/td>\n<\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n\n Q4 2025<\/i><\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Q4 2024<\/i><\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n FY 2025<\/i><\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n FY 2024<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n\n (unaudited)<\/i><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (unaudited)<\/i><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (unaudited)<\/i><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (unaudited)<\/i><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nRevenues<\/b><\/td>\n | $<\/td>\n | \n \n707,695<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | $<\/td>\n | \n \n607,720<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | $<\/td>\n | \n \n2,631,549<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | $<\/td>\n | \n \n2,423,702<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \nOperating expenses<\/b><\/td>\n | | \n\n \n529,907<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n447,358<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n1,968,481<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n1,774,479<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \nDepreciation and amortization<\/b><\/td>\n | | \n\n \n34,132<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n31,786<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n132,039<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n126,220<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \nGeneral and administrative expenses<\/b><\/td>\n | | \n\n \n59,823<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n60,679<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n235,939<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n213,028<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \nContingent Litigation Reserve<\/b><\/td>\n | | \n\n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n37,600<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Operating income<\/i><\/b><\/td>\n | | \n\n 83,833<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 67,897<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 257,490<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 309,975<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nInterest income<\/b><\/td>\n | | \n\n \n2,055<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n1,153<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n9,076<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n8,787<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \nInterest expense<\/b><\/td>\n | | \n\n \n(37,939<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n(43,187<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n(160,521<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n(190,624<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n | \n(Loss) on extinguishment of debt<\/b><\/td>\n | | \n\n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n(1,339<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n(8,446<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n(86,637<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n | \nOther Income<\/b><\/td>\n | | \n\n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n5,514<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \nGain(Loss) on asset divestitures\/impairment<\/b><\/td>\n | | \n\n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n232,381<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n(2,907<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Income before income taxes and equity in earnings of affiliates<\/i><\/b><\/td>\n | | \n\n 47,949<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 24,524<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 335,494<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 38,594<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nProvision for income taxes<\/b><\/td>\n | | \n\n \n16,949<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n10,045<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n85,720<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n9,401<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \nEquity in earnings of affiliates, net of income tax provision<\/b><\/td>\n | | \n\n \n768<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n1,032<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n4,532<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n2,703<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Net income<\/i><\/b><\/td>\n | | \n\n 31,768<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 15,511<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 254,306<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 31,896<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nLess: Net loss attributable to noncontrolling interests<\/b><\/td>\n | | \n\n \n(2<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n(20<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n66<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n70<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Net Income Attributable to The GEO Group, Inc. operations<\/i><\/b><\/td>\n | $<\/td>\n | \n 31,766<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | $<\/td>\n | \n 15,491<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | $<\/td>\n | \n 254,372<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | $<\/td>\n | \n 31,966<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Weighted Average Common Shares Outstanding:<\/i><\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n | \nBasic<\/td>\n | | \n\n \n135,988<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n136,192<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n137,487<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n131,318<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \nDiluted<\/td>\n | | \n\n \n137,389<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n139,550<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n139,723<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n134,064<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Net Income per Common Share Attributable to The GEO Group, Inc. operations<\/i><\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nBasic:<\/i><\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n | \nNet income per share \u2014 basic<\/td>\n | $<\/td>\n | \n 0.23<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | $<\/td>\n | \n 0.11<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | $<\/td>\n | \n 1.85<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | $<\/td>\n | \n 0.23<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nDiluted:<\/i><\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n | \nNet income per share \u2014 diluted<\/td>\n | $<\/td>\n | \n 0.23<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | $<\/td>\n | \n 0.11<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | $<\/td>\n | \n 1.82<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | $<\/td>\n | \n 0.22<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n* All figures in ‘000s, except per share data<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\n\n\n| \n Reconciliation of Net Income to EBITDA and Adjusted EBITDA,<\/span><\/b><\/p>\nand Net Income Attributable to GEO Operations to Adjusted Net Income<\/span>*<\/b><\/p>\n\n(Unaudited)<\/p>\n<\/td>\n<\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n\n Q4 2025<\/i><\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Q4 2024<\/i><\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n FY 2025<\/i><\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n FY 2024<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n\n (unaudited)<\/i><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (unaudited)<\/i><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (unaudited)<\/i><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (unaudited)<\/i><\/p>\n<\/td>\n<\/tr>\n\n| Net Income<\/b><\/td>\n | $<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 31,768<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 15,511<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 254,306<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 31,896<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nAdd:<\/i><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n | \n | \nIncome tax provision **<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n17,197<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n10,335<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n86,587<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n10,203<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nInterest expense, net of interest income ***<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n35,884<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n43,373<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n159,891<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n268,474<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nDepreciation and amortization<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n34,132<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n31,786<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n132,039<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n126,220<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| EBITDA<\/b><\/td>\n | $<\/b><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 118,981<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 101,005<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 632,823<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 436,793<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nAdd (Subtract):<\/i><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n | \n | \n(Gain)\/Loss on asset divestitures\/impairment, pre-tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(232,381<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,907<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nNet loss attributable to noncontrolling interests<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(2<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(20<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n66<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n70<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nStock based compensation expenses, pre-tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n3,972<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n5,785<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n23,593<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n18,107<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nNon-cash contingent liability and litigation and settlement costs, pre tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n32<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n38,224<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nStart-up expenses, pre-tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,023<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,423<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n507<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nATM equity program expenses, pre tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n264<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nTransaction fees, pre-tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n164<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n76<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n3,632<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nEmployee restructuring expenses, pre-tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,630<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,060<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,003<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,060<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nClose-out expenses, pre-tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,392<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,816<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,345<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nOther non-cash revenue & expenses, pre-tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,066<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,035<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(4,225<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(3,196<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Adjusted EBITDA<\/b><\/td>\n | $<\/b><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 125,962<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 107,959<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 464,418<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 463,489<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Net Income attributable to GEO Operations<\/b><\/td>\n | $<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 31,766<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 15,491<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 254,372<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 31,966<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nAdd (Subtract):<\/i><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n | \n | \n(Gain)\/Loss on asset divestitures\/impairment, pre-tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(232,381<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,907<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nLoss on extinguishment of debt, pre-tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,339<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n8,446<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n86,637<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nNon-cash contingent liability and litigation and settlement costs, pre tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n32<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n38,224<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nStart-up expenses, pre-tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,023<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,423<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n507<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nATM equity program expenses, pre tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n264<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nTransaction fees, pre-tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n164<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n76<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n3,632<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nEmployee restructuring expenses, pre-tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,630<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,060<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,003<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,060<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nClose-out expenses, pre-tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,392<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,816<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,345<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nDiscrete tax benefit (1)<\/sup><\/td>\n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(7<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(4,611<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \nTax effect of adjustment to net income attributable to GEO (2)<\/sup><\/td>\n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,025<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(896<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n45,113<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(24,733<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Adjusted Net Income<\/b><\/td>\n | $<\/b><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 34,818<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 18,151<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 120,092<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 100,974<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \nWeighted average common shares outstanding – Diluted<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n137,389<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n139,550<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n139,723<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n134,064<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Adjusted Net Income per Diluted Share<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 0.25<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n $<\/b><\/p>\n<\/td>\n | \n 0.13<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n $<\/b><\/p>\n<\/td>\n | \n 0.86<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n $<\/b><\/p>\n<\/td>\n | \n 0.75<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n* All figures in ‘000s.<\/td>\n<\/tr>\n | \n | \n** Includes income tax provision on equity in earnings of affiliates.<\/td>\n<\/tr>\n | \n | \n*** Includes loss on extinguishment of debt.<\/td>\n<\/tr>\n | \n | \n(1) Discrete tax benefit primarily relates to interest deduction related to shares of common stock issued to note holders as a result of our private convertible note exchange transactions.<\/td>\n<\/tr>\n | \n | \n(2) Tax adjustment related to (gain)\/loss on asset divestitures\/impairment, loss on extinguishment of debt, non-cash contingent liability and litigation and settlement costs, start-up expenses, ATM equity program expenses, transaction fees, close-out expenses, and employee restructuring expenses.<\/td>\n<\/tr>\n<\/table>\n | | | | | | | | | | | | | | | | | |
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<\/td>\n<\/tr>\n