---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-053685"
form_type: "8-K/A"
ticker: "GEO"
cik: "0000923796"
company_name: "GEO GROUP INC"
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T07:49:18.693345+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GEO takes $8.9M charge after NM Court of Appeals tax ruling; cuts Q4/FY2023 EPS

## Summary
- New Mexico Court of Appeals ruled against GEO in tax dispute; total assessment ~$21.1M including penalty/interest.
- Company recorded a one-time non-cash accrual of $8.9M in Q4/FY2023; FY2023 net income reduced $6.6M to $107.2M.
- Diluted EPS reduced $0.04 for Q4 to $0.17 and $0.05 for FY2023 to $0.72.
- GEO plans to appeal ruling to State Supreme Court; disputes assessment and intends to defend position.
- 2024 and Q1 2024 financial guidance unchanged; operating expenses rose $8.9M to $1.74B for FY2023.

## SEC filing metadata
- accession: 0001193125-24-053685
- form_type: 8-K/A
- ticker: GEO
- cik: 0000923796
- company_name: GEO GROUP INC
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923796/000119312524053685/0001193125-24-053685-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923796/000119312524053685/d796054d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-053685
- JSON: https://secwatch.observer/filing/0001193125-24-053685.json
- Plain text: https://secwatch.observer/filing/0001193125-24-053685.txt

## Key facts
- Earnings Releases
  GEO GROUP INC reported fourth quarter and full year ended December 31, 2023 results: revenue $608,283, net income $25.2 million, EPS $.17 per share.
  - Period: fourth quarter and full year ended December 31, 2023
  - Revenue: $608,283
  - Net income: $25.2 million
  - EPS: $.17 per share
  - Result: reported results
  source text: * all figures in ‘000s Original Press Release Updated Original Press Release Updated Q4 2023 Q4 2023 FY 2023 FY 2023 (unaudited) (unaudited) (unaudited) (unaudited) Revenues $ 608,283 $ 608,283 $ 2,413,167 $ 2,413,167 Operating expenses 433,042 441,942 1,735,328 1,744,228 Depreciation and amortization 30,996 30,996 125,784 125,784 General and administrative
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312524053685/0001193125-24-053685-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.