Risk Factors Update Summary
- Following the non-renewal of the BOP contract, revenue decreased by 2% ($37.8 million).
- Total indebtedness decreased from $1,264 million to $1,106 million by the end of 2023.
- Revenue from USMS and ICE decreased by 1% ($3.9 million) and 5% ($7.1 million) respectively.
- The number of employees decreased from 11,144 to 10,694 by the end of 2023.
- The lease agreement for the California City facility was extended through March 31, 2024.
- Revenue from facilities subject to options decreased by $20.3 million in 2023.
- Revenue from the South Texas Family Residential Center decreased by $0.1 million in 2023.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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