CoreCivic (CXW) FY2020 results: revenue $1.9 billion, down 3.8% on the year
CoreCivic, Inc. (CXW) reported revenue of $1.9 billion for fiscal 2020, the year ended 31 December 2020, down 3.8% on the year before. Net income was $54 million, down 71.3%, and diluted earnings per share $0.45. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2021.
Revenue
$1.9 billion
-3.8% on the year
FY2013FY2020
Operating margin
8.5%
14.2% a year earlier
FY2013FY2020
Net income
$54 million
-71.3% on the year
FY2013FY2020
Diluted EPS
$0.45
-71.7% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,905
1,981
1,836
-3.8%
Operating income
163
282
249
-42.2%
Operating margin
8.5%
14.2%
13.6%
Interest expense
83.3
84.4
n/a
-1.3%
Pre-tax income
59.7
197
168
-69.6%
Income tax
4.4
7.8
8.4
-44.0%
Effective tax rate
7.3%
4.0%
5.0%
Net income
54.2
189
159
-71.3%
Net margin
2.8%
9.5%
8.7%
Diluted EPS
$0.45
$1.59
$1.34
-71.7%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
356
354
323
+0.3%
Capital expenditure
159
191
487
-16.4%
Free cash flow
196
164
-164
+19.8%
Free cash flow margin
10.3%
8.3%
-8.9%
Cash from investing
13.0
-245
-291
Cash from financing
-351
-64.8
-9.9
Depreciation and amortisation
151
145
157
+4.4%
Share-based compensation
17.3
17.3
13.1
-0.0%
Buybacks
3.6
3.5
3.0
+1.2%
Dividends paid
106
210
204
-49.4%
Dividend per share
$0.44
$1.76
$1.72
-75.0%
Diluted shares, weighted
121m
119m
119m
+1.5%
Shares outstanding at period end
120m
119m
119m
+0.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,390
1,377
1,415
+1.0%
Non-controlling interest
23.3
n/a
n/a
Debt
1,810
1,987
1,815
-8.9%
Operating lease liabilities
145
51.2
n/a
+182.5%
Other liabilities
342
377
426
-9.3%
Total liabilities and equity
3,709
3,792
3,656
-2.2%
Fixed assets
2,350
2,700
2,831
-13.0%
Goodwill
5.9
50.5
48.2
-88.3%
Intangible assets
10.9
n/a
n/a
Cash and equivalents
113
92.1
52.8
+22.9%
Receivables
268
281
271
-4.7%
Other assets
961
668
454
+43.9%
Total assets
3,709
3,792
3,656
-2.2%
10-K for the year ended 31 December 2020, filed 22 February 2021: the filing.