| Business Summary | | Corrections
Corp.
of
America
is
a
private
owner
and
operator
of
correctional
and
detention
facilities.
As
of
March
15,
2001,
the
Company
owned
or
managed
74
correctional
and
detention
facilities,
with
a
total
design
capacity
of
approximately
67,000
beds,
in
22
states,
the
District
of
Columbia,
Puerto
Rico
and
the
United
Kingdom.
Of
these
facilities,
72
were
operating
and
two
were
under
construction.
As
of
December
31,
2000,
the
Company
controlled
approximately
52%
of
all
beds
under
contract
with
private
operators
of
correctional
and
detention
facilities
in
the
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CXW
is
a
developer
and
manager
of
privatized
correctional
and
detention
facilities
and
provides
prisoner
transportation
services
for
governmental
agencies.
For
the
six
months
ended
6/30/01,
revenues
totaled
$486.1
million,
up
from
$28.2
million.
Net
loss
applicable
to
Common
decreased
88%
to
$14.6
million.
Revenues
reflect
the
inclusion
of
management
revenues.
Net
loss
was
partially
offset
by
the
inclusion
of
a
$6.3
million
change
in
fair
value
of
interest
rate
swap
agreement
charge. | More
from
Market Guide: Significant
Developments |
| | |
| Position | William Andrews | Chairman | John Ferguson | Pres,
CEO, Director | Irving Lingo | CFO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|