CoreCivic (CXW) FY2015 results: revenue $1.8 billion, up 8.9% on the year
CoreCivic, Inc. (CXW) reported revenue of $1.8 billion for fiscal 2015, the year ended 31 December 2015, up 8.9% on the year before. Net income was $222 million, up 13.8%, and diluted earnings per share $1.88. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$1.8 billion
+8.9% on the year
FY2009FY2015
Operating margin
16.0%
14.9% a year earlier
FY2009FY2015
Net income
$222 million
+13.8% on the year
FY2009FY2015
Diluted EPS
$1.88
+13.3% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,756
1,613
1,688
+8.9%
Operating income
281
240
251
+16.8%
Operating margin
16.0%
14.9%
14.9%
Interest expense
n/a
n/a
45.1
Pre-tax income
230
202
170
+14.0%
Income tax
8.4
6.9
-135
+20.4%
Effective tax rate
3.6%
3.4%
-79.6%
Net income
222
195
301
+13.8%
Net margin
12.6%
12.1%
17.8%
Diluted EPS
$1.88
$1.66
$2.70
+13.3%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
400
424
370
-5.6%
Capital expenditure
415
263
112
+58.2%
Free cash flow
-15.6
161
258
Free cash flow margin
-0.9%
10.0%
15.3%
Cash from investing
-409
-197
-126
Cash from financing
0.4
-230
-229
Depreciation and amortisation
152
114
113
+33.0%
Share-based compensation
15.4
14.0
13.0
+10.2%
Buybacks
9.5
4.0
6.7
+134.2%
Dividends paid
251
234
299
+7.1%
Dividend per share
$2.16
$2.04
n/a
+5.9%
Diluted shares, weighted
118m
117m
n/a
+0.4%
Shares outstanding at period end
117m
117m
116m
+0.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,463
1,482
1,503
-1.3%
Debt
1,464
1,200
1,205
+22.0%
Other liabilities
429
436
300
-1.6%
Total liabilities and equity
3,356
3,118
3,007
+7.6%
Fixed assets
2,883
2,659
2,547
+8.4%
Goodwill
35.6
16.1
16.1
+120.7%
Cash and equivalents
65.3
74.4
77.9
-12.2%
Receivables
234
249
245
-5.7%
Other assets
138
120
122
+14.8%
Total assets
3,356
3,118
3,007
+7.6%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.