CoreCivic (CXW) FY2016 results: revenue $1.8 billion, up 5.4% on the year
CoreCivic, Inc. (CXW) reported revenue of $1.8 billion for fiscal 2016, the year ended 31 December 2016, up 5.4% on the year before. Net income was $220 million, down 0.9%, and diluted earnings per share $1.87. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$1.8 billion
+5.4% on the year
FY2009FY2016
Operating margin
16.0%
16.0% a year earlier
FY2009FY2016
Net income
$220 million
-0.9% on the year
FY2009FY2016
Diluted EPS
$1.87
-0.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,850
1,756
1,613
+5.4%
Operating income
296
281
240
+5.7%
Operating margin
16.0%
16.0%
14.9%
Pre-tax income
228
230
202
-0.9%
Income tax
8.3
8.4
6.9
-1.3%
Effective tax rate
3.6%
3.6%
3.4%
Net income
220
222
195
-0.9%
Net margin
11.9%
12.6%
12.1%
Diluted EPS
$1.87
$1.88
$1.66
-0.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
375
400
424
-6.1%
Capital expenditure
135
415
263
-67.6%
Free cash flow
241
-15.6
161
Free cash flow margin
13.0%
-0.9%
10.0%
Cash from investing
-122
-409
-197
Cash from financing
-281
0.4
-230
Depreciation and amortisation
167
152
114
+10.1%
Share-based compensation
17.9
15.4
14.0
+16.3%
Buybacks
4.0
9.5
4.0
-57.6%
Dividends paid
255
251
234
+1.9%
Dividend per share
$2.04
$2.16
$2.04
-5.6%
Diluted shares, weighted
118m
118m
117m
+0.0%
Shares outstanding at period end
118m
117m
117m
+0.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,459
1,463
1,482
-0.3%
Debt
1,455
1,464
1,200
-0.6%
Other liabilities
358
429
436
-16.7%
Total liabilities and equity
3,272
3,356
3,118
-2.5%
Fixed assets
2,838
2,883
2,659
-1.6%
Goodwill
38.4
35.6
16.1
+8.0%
Cash and equivalents
37.7
65.3
74.4
-42.2%
Receivables
230
234
249
-1.9%
Other assets
128
138
120
-7.0%
Total assets
3,272
3,356
3,118
-2.5%
10-K for the year ended 31 December 2016, filed 25 February 2019: the filing.