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The GEO Group (The GEO Group) Long-Term Capital Lease Obligation

: $82 Mil (As of Dec. 2023)
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The GEO Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $82 Mil.

The GEO Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($91 Mil) to Sep. 2023 ($88 Mil) and declined from Sep. 2023 ($88 Mil) to Dec. 2023 ($82 Mil).

The GEO Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($92 Mil) to Dec. 2022 ($74 Mil) but then increased from Dec. 2022 ($74 Mil) to Dec. 2023 ($82 Mil).


The GEO Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for The GEO Group's Long-Term Capital Lease Obligation 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
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 100.25 104.36 91.89 73.80 82.11

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
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73.80 71.90 91.05 87.59 82.11

The GEO Group  (NYSE:GEO) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

The GEO Group Long-Term Capital Lease Obligation Related Terms

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The GEO Group (The GEO Group) Business Description

Industry
Traded in Other Exchanges
Address
4955 Technology Way, Boca Raton, FL, USA, 33431
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

The GEO Group (The GEO Group) Headlines

From GuruFocus

The GEO Group Announces Senior Management Changes

By Business Wire 11-30-2023