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CoreCivic (CXW)

CoreCivic is a diversified, government-solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through high-quality corrections and detention management, a network of residential and non-residential alternatives to incarceration to help address America's recidivism crisis, and government real estate solutions. The company is the nation's largest owner of partnership correctional, detention and residential reentry facilities, and believe the company is the largest private owner of real estate used by U.S. government agencies. CoreCivic has been a flexible and dependable partner for government for more than 35 years. Its employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Company profile

Ticker
CXW
Exchange
CEO
Damon Hininger
Employees
Incorporated
Location
Fiscal year end
Former names
CORRECTIONS CORP OF AMERICA, CORRECTIONS CORP OF AMERICA/MD, PRISON REALTY CORP, PRISON REALTY TRUST INC
SEC CIK
Subsidiaries
ACS Corrections of Texas, L.L.C. • Avalon Corpus Christi Transitional Center, LLC • Avalon Correctional Services, Inc. • Avalon Transitional Center Dallas, LLC • Avalon Tulsa, L.L.C. • Carver Transitional Center, L.L.C. • CCA Health Services, LLC • CCA International, LLC • CCA South Texas, LLC • CCA (UK) Ltd. ...
IRS number
621763875

CXW stock data

Analyst ratings and price targets

Last 3 months

Calendar

5 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 22 Marshall Thurgood JR Common Stock Sell Dispose S No No 12.9796 10,000 129.8K 49,547
26 May 22 Anthony L Grande Common Stock Sell Dispose S No No 13.3593 20,000 267.19K 182,797
25 May 22 Patrick D. Swindle, Common Stock Sell Dispose S No No 13.2351 20,000 264.7K 204,805
12 May 22 Emkes Mark A Common Stock Grant Acquire A No No 10.41 4,803 50K 134,430
13F holders Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change

Financial report summary

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Risks
  • The COVID-19 pandemic has had, and we expect will continue to have, certain negative effects on our business, and such effects may have a material adverse effect on our results of operations, financial condition and cash flows.
  • As a result of our acquisitions, we have recorded and will continue to record goodwill and other intangible assets. In the future, our goodwill or other intangible assets may become impaired, which could result in non-cash charges to our results of operations.
  • We are subject to various types of litigation.
  • We are subject to necessary insurance costs.
  • We may be adversely affected by inflation.
  • Technological changes or negative changes in the level of acceptance of, or resistance to, the use of electronic monitoring products could cause our electronic monitoring products and other technology to become obsolete or require the redesign of our electronic monitoring products, which could have an adverse effect on our business.
  • We depend on a limited number of third parties to manufacture and supply our electronic monitoring products. If our suppliers cannot provide the products or services we require in a timely manner and with such quality as we expect, our ability to market and sell our electronic monitoring products and services could be harmed.
  • We are subject to risks associated with ownership of real estate.
  • Interruption, delay or failure of the provision of our technology services or information systems, or the compromise of the security thereof, could adversely affect our business, financial condition or results of operations.
  • We are subject to risks related to corporate social responsibility.
  • Our indebtedness is secured by a substantial portion of our assets.
  • Servicing our indebtedness will require a significant amount of cash or may require us to refinance our indebtedness before it matures. Our ability to generate cash depends on many factors beyond our control and there is no assurance that we will be able to refinance our debt on acceptable terms, or at all.
  • We are required to repurchase all or a portion of our senior notes upon a change of control, and our Credit Agreements are subject to acceleration upon a change of control.
  • Despite current indebtedness levels, we may still incur more debt.
  • Our ability to incur more secured debt has been further limited by the Term Loan B.
  • Increasing activist resistance to the use of public-private partnerships for correctional, detention, and residential reentry facilities could impact our ability to obtain financing to grow our business or to refinance existing indebtedness, which could have a material adverse effect on our business, financial condition and results of operations.
  • Rising interest rates would increase the cost of our variable rate debt.
  • If we failed to remain qualified as a REIT for those years we elected REIT status, we would be subject to corporate income taxes and would not be able to deduct distributions to stockholders when computing our taxable income for those years.
  • The number of shares of our common stock available for future sale could adversely affect the market price of our common stock.
  • Future offerings of debt or equity securities ranking senior to our common stock or incurrence of debt (including under our Bank Credit Facility) may adversely affect the market price of our common stock.
  • Our issuance of preferred stock could adversely affect holders of our common stock and discourage a takeover.
  • Our charter and bylaws and Maryland law could make it difficult for a third party to acquire our company.

Content analysis

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