CoreCivic (CXW) FY2024 results: revenue $2.0 billion, up 3.4% on the year

CoreCivic, Inc. (CXW) reported revenue of $2.0 billion for fiscal 2024, the year ended 31 December 2024, up 3.4% on the year before. Net income was $69 million, up 1.9%, and diluted earnings per share $0.62. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.

Revenue

$2.0 billion

+3.4% on the year

FY2017FY2024

Operating margin

9.4%

8.9% a year earlier

FY2017FY2024

Net income

$69 million

+1.9% on the year

FY2017FY2024

Diluted EPS

$0.62

+5.1% on the year

FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ million	FY2024	FY2023	FY2022	On the year
Revenue	1,962	1,897	1,845	+3.4%
Operating income	185	168	170	+10.1%
Operating margin	9.4%	8.9%	9.2%
Interest expense	67.4	73.0	85.0	-7.6%
Pre-tax income	92.0	95.8	165	-4.0%
Income tax	23.1	28.2	43.0	-18.2%
Effective tax rate	25.1%	29.5%	26.0%
Net income	68.9	67.6	122	+1.9%
Net margin	3.5%	3.6%	6.6%
Diluted EPS	$0.62	$0.59	$1.03	+5.1%

$ million except per share.

Free 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	FY2024	FY2023	FY2022	On the year
Operating cash flow	269	232	154	+16.1%
Capital expenditure	70.4	67.7	83.4	+3.9%
Free cash flow	199	164	70.1	+21.1%
Free cash flow margin	10.1%	8.7%	3.8%
Cash from investing	-53.8	-58.9	73.0
Cash from financing	-222	-206	-375
Depreciation and amortisation	128	127	128	+0.5%
Share-based compensation	25.7	20.8	17.6	+23.7%
Buybacks	77.2	43.0	79.9	+79.3%
Dividends paid	0.1	0.1	0.9	+3.8%
Dividend per share	n/a	n/a	$0.00
Diluted shares, weighted	111m	115m	119m	-3.2%
Shares outstanding at period end	110m	113m	115m	-2.5%

Balance sheet

$ million	FY2024	FY2023	FY2022	On the year
Shareholders' equity	1,493	1,478	1,432	+1.1%
Debt	997	1,107	1,265	-9.9%
Operating lease liabilities	17.7	70.9	96.9	-75.0%
Other liabilities	423	450	451	-5.9%
Total liabilities and equity	2,932	3,105	3,245	-5.6%
Fixed assets	2,060	2,115	2,176	-2.6%
Goodwill	4.8	4.8	4.8	0.0%
Intangible assets	6.7	7.2	7.7	-6.3%
Cash and equivalents	107	122	149	-11.8%
Receivables	289	312	312	-7.5%
Other assets	464	545	594	-14.8%
Total assets	2,932	3,105	3,245	-5.6%

10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.