Exhibit 99.1

 

News Release   LOGO

 

Contact:  

Investors and Analysts: Karin Demler, CCA at (615) 263-3005

Financial Media: Dave Gutierrez, Dresner Corporate Services at (312) 780-7204

CCA ANNOUNCES 2011 FOURTH QUARTER AND FULL-YEAR FINANCIAL RESULTS

FOURTH QUARTER DILUTED EPS INCREASED 5.1% TO $0.41

FULL YEAR DILUTED EPS UP 10.8% TO $1.54

FULL YEAR ADJUSTED DILUTED EPS UP 9.2%

2012 FULL-YEAR DILUTED EPS GUIDANCE OF $1.60 TO $1.70

NASHVILLE, Tenn. – February 8, 2012 – CCA (NYSE: CXW) (the “Company” or “Corrections Corporation of America”), America’s leader in partnership corrections and the nation’s largest provider of corrections management services to government agencies, announced today its financial results for the fourth quarter and the year ended December 31, 2011.

Financial Review – Fourth Quarter 2011 Compared with Fourth Quarter 2010

 

   

Diluted EPS of $0.41

 

   

Operating income of $81.1 million

 

   

EBITDA of $109.1 million

 

   

Adjusted Funds From Operations Per Diluted Share of $0.63

Total management revenue for the fourth quarter of 2011 increased to $438.3 million from $430.8 million during the fourth quarter of 2010. For the fourth quarter of 2011, CCA generated net income of $40.5 million, or $0.41 per diluted share, compared with net income of $43.7 million, or $0.39 per diluted share, for the fourth quarter of 2010.

Management revenue from our federal partners increased 5.9% to $192.6 million generated during the fourth quarter of 2011 compared with $181.8 million generated during the prior year period. The increase in federal revenue resulted from higher populations from the U.S. Marshals Service (USMS) primarily located in the southwest region of the United States, combined with contractual rate increases associated with certain federal management contracts. These revenue increases occurred mostly within the owned and managed segment of our business.

Management revenue from our state partners decreased 1.8% to $216.8 million during the fourth quarter of 2011 compared with $220.7 million during the fourth quarter of 2010. State revenue decreased primarily as a result of a reduction of inmate populations from the state of California due to our strategic decision not to renew the contract for nearly 900 beds at our Florence facility, where we were able to replace such inmates with more inmates from the USMS, combined with lower inmate populations from the state of Hawaii. These decreases were partially offset by higher inmate populations from the state of Georgia.

-more-

10 Burton Hills Boulevard, Nashville, Tennessee 37215, Phone: 615-263-3000


The following information was filed by Corecivic, Inc. (CXW) on Thursday, February 9, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Corecivic, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Corecivic, Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account