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Corrections Corporation of America Message Board

  • pzn_inmate pzn_inmate Apr 21, 2000 3:02 PM Flag

    Cash Flow

    Following the equity infusion, an increase in
    occupancy, and the completion of current construction in
    progress, PZN will be generating significant positive cash
    flow beyond its reported earnings.

    Non-cash
    charges for depreciation and amortization were something
    like $75 million on a pro-forma basis in
    1999.

    By the second half of next year PZN will probably be
    generating $50 million in cash per quarter that can be used
    to:

    - internally finance new construction without using
    debt

    - pay down/buy back existing debt

    - buy back
    stock (Maybe I should sign up for that spam service to
    find out when it happens!)

 
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