CoreCivic (CXW) FY2023 results: revenue $1.9 billion, up 2.8% on the year
CoreCivic, Inc. (CXW) reported revenue of $1.9 billion for fiscal 2023, the year ended 31 December 2023, up 2.8% on the year before. Net income was $68 million, down 44.7%, and diluted earnings per share $0.59. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2024.
Revenue
$1.9 billion
+2.8% on the year
FY2016FY2023
Operating margin
8.9%
9.2% a year earlier
FY2016FY2023
Net income
$68 million
-44.7% on the year
FY2016FY2023
Diluted EPS
$0.59
-42.7% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
232
154
263
+51.0%
Capital expenditure
67.7
83.4
81.5
-18.8%
Free cash flow
164
70.1
182
+134.0%
Free cash flow margin
8.7%
3.8%
9.8%
Cash from investing
-58.9
73.0
238
Cash from financing
-206
-375
-328
Depreciation and amortisation
127
128
135
-0.5%
Share-based compensation
20.8
17.6
18.7
+18.2%
Buybacks
43.0
79.9
1.6
-46.1%
Dividends paid
0.1
0.9
2.5
-85.2%
Dividend per share
n/a
$0.00
$0.00
Diluted shares, weighted
115m
119m
120m
-3.7%
Shares outstanding at period end
113m
115m
120m
-2.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,478
1,432
1,372
+3.2%
Debt
1,107
1,265
1,552
-12.5%
Operating lease liabilities
70.9
96.9
121
-26.8%
Other liabilities
450
451
453
-0.2%
Total liabilities and equity
3,105
3,245
3,499
-4.3%
Fixed assets
2,115
2,176
2,283
-2.8%
Goodwill
4.8
4.8
4.8
0.0%
Intangible assets
7.2
7.7
9.0
-7.1%
Cash and equivalents
122
149
300
-18.4%
Receivables
312
312
283
-0.1%
Other assets
545
594
619
-8.3%
Total assets
3,105
3,245
3,499
-4.3%
10-K for the year ended 31 December 2023, filed 20 February 2024: the filing.