CoreCivic (CXW) FY2017 results: revenue $1.8 billion, down 4.6% on the year
CoreCivic, Inc. (CXW) reported revenue of $1.8 billion for fiscal 2017, the year ended 31 December 2017, down 4.6% on the year before. Net income was $178 million, down 19.0%, and diluted earnings per share $1.50. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$1.8 billion
-4.6% on the year
FY2010FY2017
Operating margin
14.7%
16.0% a year earlier
FY2010FY2017
Net income
$178 million
-19.0% on the year
FY2010FY2017
Diluted EPS
$1.50
-19.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,765
1,850
1,756
-4.6%
Operating income
260
296
281
-12.2%
Operating margin
14.7%
16.0%
16.0%
Pre-tax income
192
228
230
-15.9%
Income tax
13.9
8.3
8.4
+68.6%
Effective tax rate
7.2%
3.6%
3.6%
Net income
178
220
222
-19.0%
Net margin
10.1%
11.9%
12.6%
Diluted EPS
$1.50
$1.87
$1.88
-19.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
341
375
400
-9.1%
Capital expenditure
115
135
415
-14.7%
Free cash flow
227
241
-15.6
-5.9%
Free cash flow margin
12.8%
13.0%
-0.9%
Cash from investing
-125
-122
-409
Cash from financing
-202
-281
0.4
Depreciation and amortisation
147
167
152
-11.8%
Share-based compensation
13.3
17.9
15.4
-25.8%
Buybacks
5.8
4.0
9.5
+46.0%
Dividends paid
200
255
251
-21.6%
Dividend per share
$1.68
$2.04
$2.16
-17.6%
Diluted shares, weighted
118m
118m
118m
+0.6%
Shares outstanding at period end
118m
118m
117m
+0.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,452
1,459
1,463
-0.5%
Debt
1,459
1,455
1,464
+0.3%
Other liabilities
362
358
429
+1.2%
Total liabilities and equity
3,272
3,272
3,356
+0.0%
Fixed assets
2,547
2,838
2,883
-10.2%
Goodwill
40.9
38.4
35.6
+6.6%
Cash and equivalents
52.2
37.7
65.3
+38.4%
Receivables
254
230
234
+10.6%
Other assets
378
128
138
+195.6%
Total assets
3,272
3,272
3,356
+0.0%
10-K for the year ended 31 December 2017, filed 25 February 2019: the filing.