CoreCivic Inc. (CXW) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
5501 VIRGINIA WAY BRENTWOOD, TN 37027 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 122 | 149 | 300 | 113 | 92 | 53 | |||
| Cash and cash equivalents | 122 | 149 | 300 | 113 | 92 | 53 | |||
| Receivables | 312 | 312 | 283 | 268 | 281 | 271 | |||
| Asset, held-for-sale, not part of disposal group | 7 | 7 | 7 | 279 | |||||
| Other undisclosed current assets | 33 | 45 | 38 | 57 | 62 | 50 | |||
| Total current assets: | 475 | 514 | 627 | 717 | 435 | 374 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 2,115 | 2,176 | 2,283 | 2,350 | 2,700 | 2,831 | |||
| Long-term investments and receivables | 3 | 3 | 3 | ||||||
| Long-term investments | 3 | 3 | 3 | ||||||
| Intangible assets, net (including goodwill) | 5 | 5 | 5 | 27 | 120 | 158 | |||
| Goodwill | 5 | 5 | 5 | 6 | 51 | 48 | |||
| Intangible assets, net (excluding goodwill) | 21 | 70 | 110 | ||||||
| Regulated entity, other noncurrent assets | 12 | 15 | 21 | 13 | 15 | 13 | |||
| Deferred income tax assets | 11 | ✕ | |||||||
| Other noncurrent assets | 310 | 342 | 365 | 397 | 351 | 141 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 15 | ||
| Other undisclosed noncurrent assets | 190 | 193 | 198 | 191 | 167 | 121 | |||
| Total noncurrent assets: | 2,630 | 2,731 | 2,872 | 2,992 | 3,356 | 3,282 | |||
| TOTAL ASSETS: | 3,105 | 3,245 | 3,499 | 3,709 | 3,792 | 3,656 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 286 | 285 | 306 | 274 | 337 | 350 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 18 | 13 | 65 | 66 | ||
| Taxes payable | ✕ | ✕ | ✕ | 30 | 28 | 28 | 29 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 60 | 51 | 59 | 49 | ||
| Accounts payable | 74 | 93 | 93 | 87 | 83 | 118 | |||
| Accrued liabilities | 122 | 111 | 6 | 7 | 6 | 5 | |||
| Other undisclosed accounts payable and accrued liabilities | 90 | 82 | 98 | 89 | 97 | 82 | |||
| Debt | |||||||||
| Other undisclosed current liabilities | 12 | 166 | 35 | 39 | 31 | 16 | |||
| Total current liabilities: | 297 | 451 | 341 | 313 | 369 | 366 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,083 | 1,085 | 1,492 | 1,748 | 1,928 | 1,788 | |||
| Long-term debt, excluding current maturities | 1,083 | 1,085 | 1,492 | 1,748 | 1,928 | 1,788 | |||
| Liabilities, other than long-term debt | 247 | 277 | 293 | 235 | 118 | 87 | |||
| Deferred revenue | 18 | 23 | 28 | 18 | 12 | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 26 | ||
| Deferred income tax liabilities | 97 | 100 | 88 | ✕ | |||||
| Other liabilities | 132 | 155 | 178 | 216 | 106 | 61 | |||
| Total noncurrent liabilities: | 1,330 | 1,362 | 1,786 | 1,982 | 2,046 | 1,874 | |||
| Total liabilities: | 1,628 | 1,812 | 2,126 | 2,296 | 2,415 | 2,241 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,478 | 1,432 | 1,372 | 1,390 | 1,377 | 1,415 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Additional paid in capital | 1,785 | 1,808 | 1,870 | 1,835 | 1,822 | 1,807 | |||
| Accumulated deficit | (309) | (376) | (499) | (447) | (446) | (393) | |||
| Equity, attributable to noncontrolling interest | 23 | ||||||||
| Total equity: | 1,478 | 1,432 | 1,372 | 1,413 | 1,377 | 1,415 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,105 | 3,245 | 3,499 | 3,709 | 3,792 | 3,656 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,897 | 1,845 | 1,863 | 1,905 | 1,981 | 1,836 | ||
| Cost of revenue | (130) | (134) | (200) | (212) | (149) | (164) | ||
| Gross profit: | 1,767 | 1,711 | 1,662 | 1,693 | 1,831 | 1,672 | ||
| Operating expenses | (1,599) | (1,541) | (1,473) | (1,531) | (1,550) | (1,422) | ||
| Operating income: | 168 | 170 | 189 | 163 | 282 | 249 | ||
| Nonoperating income (expense) | 1 | 1 | (0) | (103) | (85) | (82) | ||
| Other nonoperating income (expense) | 1 | 1 | (0) | 1 | 0 | (0) | ||
| Interest and debt expense | (73) | (85) | (86) | |||||
| Income from continuing operations before equity method investments, income taxes: | 96 | 86 | 104 | 60 | 197 | 168 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 0 | 80 | (18) | |||||
| Income from continuing operations before income taxes: | 96 | 165 | 86 | 60 | 197 | 168 | ||
| Income tax expense | (28) | (43) | (138) | (4) | (8) | (8) | ||
| Income (loss) from continuing operations: | 68 | 122 | (52) | 55 | 189 | 159 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (52) | 55 | 189 | 159 | |
| Net income (loss): | 68 | 122 | (52) | 55 | 189 | 159 | ||
| Net loss attributable to noncontrolling interest | (1) | |||||||
| Net income (loss) available to common stockholders, diluted: | 68 | 122 | (52) | 54 | 189 | 159 | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 68 | 122 | (52) | 55 | 189 | 159 | ||
| Comprehensive income (loss): | 68 | 122 | (52) | 55 | 189 | 159 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 68 | 122 | (52) | 54 | 189 | 159 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.