CoreCivic (CXW) FY2018 results: revenue $1.8 billion, up 4.0% on the year
CoreCivic, Inc. (CXW) reported revenue of $1.8 billion for fiscal 2018, the year ended 31 December 2018, up 4.0% on the year before. Net income was $159 million, down 10.6%, and diluted earnings per share $1.34. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$1.8 billion
+4.0% on the year
FY2011FY2018
Operating margin
13.6%
14.7% a year earlier
FY2011FY2018
Net income
$159 million
-10.6% on the year
FY2011FY2018
Diluted EPS
$1.34
-10.7% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,836
1,765
1,850
+4.0%
Operating income
249
260
296
-4.2%
Operating margin
13.6%
14.7%
16.0%
Pre-tax income
168
192
228
-12.7%
Income tax
8.4
13.9
8.3
-40.0%
Effective tax rate
5.0%
7.2%
3.6%
Net income
159
178
220
-10.6%
Net margin
8.7%
10.1%
11.9%
Diluted EPS
$1.34
$1.50
$1.87
-10.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
323
341
375
-5.4%
Capital expenditure
487
115
135
+324.5%
Free cash flow
-164
227
241
Free cash flow margin
-8.9%
12.8%
13.0%
Cash from investing
-291
-125
-122
Cash from financing
-9.9
-202
-281
Depreciation and amortisation
157
147
167
+6.4%
Share-based compensation
13.1
13.3
17.9
-1.2%
Buybacks
3.0
5.8
4.0
-48.6%
Dividends paid
204
200
255
+1.9%
Dividend per share
$1.72
$1.68
$2.04
+2.4%
Diluted shares, weighted
119m
118m
118m
+0.2%
Shares outstanding at period end
119m
118m
118m
+0.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,415
1,452
1,459
-2.5%
Debt
1,815
1,459
1,455
+24.4%
Other liabilities
426
362
358
+17.7%
Total liabilities and equity
3,656
3,272
3,272
+11.7%
Fixed assets
2,831
2,547
2,838
+11.1%
Goodwill
48.2
40.9
38.4
+17.7%
Cash and equivalents
52.8
52.2
37.7
+1.2%
Receivables
271
254
230
+6.5%
Other assets
454
378
128
+19.9%
Total assets
3,656
3,272
3,272
+11.7%
10-K for the year ended 31 December 2018, filed 25 February 2019: the filing.