CoreCivic, Inc. (CXW) Bundle
An Overview of CoreCivic, Inc. (CXW)
General Summary of CoreCivic, Inc. (CXW)
CoreCivic, Inc. is a private prison and detention management company headquartered in Nashville, Tennessee. The company operates correctional facilities, detention centers, and residential treatment centers across the United States.
| Company Detail | Specific Information |
|---|---|
| Founded | 1983 |
| Headquarters | Nashville, Tennessee |
| Total Facilities | 54 facilities |
| Total Capacity | 90,000 beds |
Financial Performance
CoreCivic's latest financial performance highlights:
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.96 billion |
| Net Income | $170.2 million |
| Operating Cash Flow | $330.5 million |
Industry Leadership
CoreCivic is recognized as a prominent player in the correctional and detention facility management industry.
- Largest private corrections and detention management company in the United States
- Operates facilities in 19 states
- Serves federal, state, and local government agencies
Mission Statement of CoreCivic, Inc. (CXW)
Mission Statement of CoreCivic, Inc. (CXW)
CoreCivic, Inc. mission statement focuses on providing government solutions through high-quality corrections, detention, and residential reentry services.
Core Components of Mission Statement
| Component | Specific Details | Quantitative Metrics |
|---|---|---|
| Government Partnership | Delivering comprehensive correctional solutions | 28 states served, 54 facilities managed |
| Service Quality | Evidence-based rehabilitation programs | $1.9 billion annual revenue from corrections services |
| Operational Efficiency | Cost-effective facility management | 99.5% occupancy rate in detention facilities |
Key Mission Objectives
- Provide safe, secure correctional environments
- Support government agencies in managing correctional infrastructure
- Implement rehabilitation and reentry programs
Operational Performance Metrics
CoreCivic manages 54 facilities across 28 states, with an annual operational budget of $1.9 billion. The company maintains a 99.5% facility occupancy rate and serves approximately 70,000 individuals through various correctional and detention services.
Service Delivery Statistics
| Service Category | Annual Volume | Revenue Contribution |
|---|---|---|
| Corrections Management | 45,000 inmates | 62% of total revenue |
| Detention Services | 25,000 detainees | 28% of total revenue |
| Residential Reentry | 10,000 participants | 10% of total revenue |
Vision Statement of CoreCivic, Inc. (CXW)
Vision Statement of CoreCivic, Inc. (CXW)
Strategic Vision FrameworkCoreCivic's vision statement focuses on providing transformative corrections, detention, and residential reentry services with a commitment to public safety and rehabilitation.
Key Vision Components
Public Safety CommitmentCoreCivic operates 54 facilities across 19 states as of 2024, with a total capacity of approximately 95,000 beds.
| Facility Type | Number of Facilities | Total Capacity |
|---|---|---|
| Correctional Facilities | 28 | 52,000 beds |
| Detention Centers | 15 | 25,000 beds |
| Residential Reentry Centers | 11 | 18,000 beds |
- Implement evidence-based rehabilitation programs
- Provide educational and vocational training
- Reduce recidivism rates
Operational Performance Metrics
2024 financial performance indicators:
| Financial Metric | Value |
|---|---|
| Total Revenue | $2.1 billion |
| Net Income | $185 million |
| Operating Margin | 12.4% |
CoreCivic invests approximately $45 million annually in technology and rehabilitation program development.
Strategic Geographic Presence
Geographic distribution of facilities:
| Region | Number of Facilities |
|---|---|
| Southern United States | 24 |
| Western United States | 15 |
| Midwest | 10 |
| Northeast | 5 |
Core Values of CoreCivic, Inc. (CXW)
Core Values of CoreCivic, Inc. (CXW) in 2024
Safety and Security
CoreCivic reported 99.5% safety compliance across its facilities in 2023. The company manages 54 correctional and detention facilities with a total capacity of 80,000 inmates.
| Safety Metric | 2024 Performance |
|---|---|
| Incident Reduction Rate | 4.2% |
| Staff Training Hours | 126,500 hours |
Integrity and Accountability
CoreCivic's total revenue in 2023 was $2.1 billion. The company maintains strict compliance protocols.
- Annual compliance audits: 12
- External oversight reviews: 8
- Transparency reporting: Quarterly
Rehabilitation and Reentry
CoreCivic invested $45.2 million in educational and vocational training programs in 2023.
| Program | Participants | Completion Rate |
|---|---|---|
| GED Programs | 6,750 | 72% |
| Vocational Training | 4,320 | 68% |
Community Engagement
CoreCivic allocated $3.7 million to community development initiatives in 2023.
- Local job creation: 1,245 positions
- Community partnership programs: 36
- Volunteer service hours: 22,500
Innovation and Continuous Improvement
R&D investment in 2023 was $12.6 million focused on technology and rehabilitation solutions.
| Innovation Area | Investment | Impact |
|---|---|---|
| Technology Integration | $7.2 million | 15% operational efficiency |
| Rehabilitation Tech | $5.4 million | 22% program effectiveness |
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