CoreCivic (CXW) FY2012 results: revenue $1.7 billion, up 2.1% on the year
CoreCivic, Inc. (CXW) reported revenue of $1.7 billion for fiscal 2012, the year ended 31 December 2012, up 2.1% on the year before. Net income was $157 million, down 3.5%, and diluted earnings per share $1.56. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$1.7 billion
+2.1% on the year
FY2009FY2012
Operating margin
17.7%
19.7% a year earlier
FY2009FY2012
Net income
$157 million
-3.5% on the year
FY2009FY2012
Diluted EPS
$1.56
+1.3% on the year
FY2009FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,718
1,682
1,663
+2.1%
Operating income
305
332
324
-8.2%
Operating margin
17.7%
19.7%
19.5%
Interest expense
58.4
72.9
71.1
-20.0%
Pre-tax income
245
259
253
-5.4%
Income tax
87.6
96.3
94.8
-9.0%
Effective tax rate
35.8%
37.2%
37.4%
Net income
157
163
157
-3.5%
Net margin
9.1%
9.7%
9.5%
Diluted EPS
$1.56
$1.54
$1.39
+1.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
283
351
256
-19.3%
Capital expenditure
76.9
171
41.8
-55.1%
Free cash flow
206
180
214
+14.8%
Free cash flow margin
12.0%
10.7%
12.8%
Cash from investing
-79.9
-172
-144
Cash from financing
-196
-149
-132
Depreciation and amortisation
114
109
106
+4.6%
Share-based compensation
12.3
10.4
9.6
+18.7%
Buybacks
2.8
240
149
-98.8%
Dividends paid
59.8
n/a
n/a
Dividend per share
$0.60
$0.00
$0.00
Shares outstanding at period end
100m
100m
110m
+0.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,522
1,408
1,471
+8.1%
Debt
1,112
1,245
1,157
-10.7%
Other liabilities
342
367
356
-6.8%
Total liabilities and equity
2,975
3,020
2,983
-1.5%
Fixed assets
2,569
2,609
2,549
-1.5%
Goodwill
11.2
12.0
12.0
-6.9%
Cash and equivalents
62.9
55.8
25.5
+12.7%
Receivables
247
270
305
-8.4%
Other assets
84.8
73.2
91.1
+15.9%
Total assets
2,975
3,020
2,983
-1.5%
10-K for the year ended 31 December 2012, filed 27 February 2014: the filing.