| Market Capitalization (Millions $) |
2,265 |
| Shares
Outstanding (Millions) |
103 |
| Employees |
11,649 |
| Revenues (TTM) (Millions $) |
1,962 |
| Net Income (TTM) (Millions $) |
69 |
| Cash Flow (TTM) (Millions $) |
-7 |
| Capital Exp. (TTM) (Millions $) |
62 |
Corecivic Inc
Corecivic Inc is a private company that operates in the correctional facilities management industry. The company was founded in 1983 and is based in Nashville, Tennessee. Corecivic Inc is one of the largest private prison operators in the United States and manages over 65 correctional and detention facilities with a total capacity of approximately 90,000 beds.
The company provides a range of services to government agencies, including the Federal Bureau of Prisons, Immigration and Customs Enforcement, and state departments of corrections. The services provided by Corecivic Inc include managing and operating correctional and detention facilities, providing inmate transportation, and offering community reentry services.
Corecivic Inc operates in three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The CoreCivic Safety segment includes the company's correctional and detention facilities, as well as its transportation and prisoner production businesses. The CoreCivic Community segment offers several services, including residential reentry and workforce development programs. The CoreCivic Properties segment involves owning and managing properties that are leased to government agencies.
Critics of Corecivic Inc argue that private prisons create an incentive to increase the number of inmates, leading to a potential conflict of interest. Additionally, there have been reports of poor conditions in some of the company's facilities, and allegations of mistreatment of inmates and detainees.
Corecivic Inc has faced lawsuits and protests over its operations, particularly over the company's role in the U.S. government's policy of separating families at the border. In 2019, several major banks including JPMorgan Chase and Wells Fargo announced they would no longer finance private prison companies like Corecivic Inc.
Overall, Corecivic Inc plays a significant role in the U.S. correctional system, and its services are an integral part of the public and private prison industry. Despite controversy surrounding the company's operations, it continues to operate and expand its business in the correctional facilities management industry.
Company Address: 5501 VIRGINIA WAY BRENTWOOD 37027 TN
Company Phone Number: 263-3000 Stock Exchange / Ticker: NYSE CXW
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