CoreCivic (CXW) Cash Flow: Operating & Free Cash Flow

CoreCivic (CXW) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), CoreCivic generated $194.59M of operating cash flow and spent $140.63M on capital expenditures. That left free cash flow of $53.97M, down 72.7% from $197.98M a year earlier, or 2.4% of revenue. It returned $229.03M to shareholders through $45.00K in dividends and $228.99M in share buybacks.

CoreCivic Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for CoreCivic, Inc. (CXW) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	116.50	68.87	67.59	122.32	-51.90	55.34	188.89	159.21	178.04
Depreciation & Amortization	128.91	128.01	127.32	127.91	134.74	150.86	144.57	156.50	147.13
Deferred Income Tax	9.16	-7.71	-2.70	11.46	99.27	4.95	-1.16	-4.44	0.92
Stock Based Compensation	27.67	25.68	20.76	17.57	18.73	17.26	17.27	13.13	13.29
Change in Working Capital	-103.66	26.41	8.38	-59.40	21.04	34.50	-5.58	-0.94	8.37
Change in Accounts Receivable	-145.05	15.02	6.70	-35.17	-10.63	16.77	-16.94	-19.47	-13.91
Change in Inventory	0.00	0.00	0.00	0.00	0.00	-16.77	16.94	-7.98	-35.70
Change in Accounts Payable	41.39	11.39	1.68	-24.22	31.67	17.73	11.36	19.38	21.34
Change in Other Working Capital	-103.66	28.05	8.38	-59.40	21.04	16.77	-16.94	7.13	36.65
Other Operating Activities	25.18	28.05	7.85	-54.82	140.62	92.63	10.40	-0.59	-6.43
Net Cash from Operating Activities	194.60	269.15	231.90	153.58	263.23	355.53	354.38	322.88	341.33
Investing Activities
Capital Expenditures	-140.63	-71.17	-70.26	-81.40	-80.88	-83.79	-193.32	-121.68	-73.74
Acquisitions	-73.54	0.00	0.00	157.68	-1.00	-8.85	-48.40	-175.59	-48.87
Purchases of Investments	0.00	0.00	0.00	0.00	0.00	-27.59	-136.13	-58.24	-17.58
Sales/Maturities of Investments	0.00	0.00	0.00	0.00	0.00	27.59	136.13	0.00	0.68
Other Investing Activities	3.19	3.61	0.31	-3.25	-1.45	105.60	-2.87	6.21	-1.95
Net Cash from Investing Activities	-206.08	-53.82	-58.87	73.04	238.42	12.97	-244.59	-291.06	-124.56
Financing Activities
Debt Repayment	-202.07	-656.92	-407.83	-387.41	-997.59	-230.11	159.03	202.55	1.52
Common Stock Repurchased	-228.99	-77.17	-43.05	-79.89	-1.64	-3.58	-3.53	-3.01	-5.85
Dividends Paid	-0.05	-0.14	-0.13	-0.89	-2.51	-105.98	-209.52	-204.20	-200.33
Other Financing Activities	-1.45	-34.94	-4.63	-6.40	-65.99	-11.16	-10.82	-5.22	2.37
Net Cash from Financing Activities	1.82	-222.18	-206.24	-375.16	-327.72	-350.82	-64.84	-9.87	-202.29
Summary
Net Change in Cash	-9.66	-6.85	-33.21	-148.54	173.94	17.68	44.96	21.95	14.47
Cash at Beginning of Period	122.11	128.96	162.17	310.71	136.77	119.09	74.14	52.18	37.71
Cash at End of Period	112.45	122.11	128.96	162.17	310.71	136.77	119.09	74.14	52.18
Free Cash Flow	53.97	197.98	161.65	72.19	182.35	271.74	161.06	201.20	267.58
Supplemental Disclosures
Interest Paid	-	77.73	81.77	90.82	80.59	-	-	-	-
Income Taxes Paid	-	37.11	25.89	28.29	36.48	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About CoreCivic Cash Flow

What is CoreCivic's free cash flow?

CoreCivic generated free cash flow of $53.97M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $194.59M minus $140.63M of capital expenditures. That was down 72.7% from $197.98M a year earlier. Free cash flow equaled 2.4% of revenue.

How much does CoreCivic spend on capital expenditures?

CoreCivic spent $140.63M on capital expenditures in fiscal 2025, compared with $71.17M a year earlier. That equals 72.3% of operating cash flow.

Does CoreCivic pay dividends or buy back shares?

Yes. In fiscal 2025 CoreCivic returned $45.00K in dividends and $228.99M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition