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CoreCivic (STU:PSRA) Balance Sheet Cash And Cash Equivalents


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What is CoreCivic Balance Sheet Cash And Cash Equivalents?

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CoreCivic (STU:PSRA) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CoreCivic Inc (STU:PSRA) » Definitions » Balance Sheet Cash And Cash Equivalents
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5501 Virginia Way, Suite 110, Brentwood, TN, USA, 37027
CoreCivic Inc is an owner and operator of private prisons and detention centers in the United States. It operates in three segments: Safety, Community, and Properties. The Safety segment operates roughly 50 facilities and owns majority of them. The Community segment owns and operates close to 30 residential reentry centers. The Properties segment owns approximately 15 properties for lease to third parties and government agencies. The vast majority of the company's revenue comes from the Safety segment. Its customers are federal, state, and local government agencies. Commercial contracts are typically 3-5 years long with multiple renewal options. CoreCivic operated as a Real Estate Investment Trust until January 2021 when it was reorganized as a taxable C Corporation.