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Corrections Corp Of America (CXW) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Corecivic, Inc.

CIK: 1070985 Ticker: CXW

Exhibit 99.1

News Release

 

LOGO

 

Contact:    Investors and Analysts: Cameron Hopewell, CCA at (615)263-3024
   Financial Media: David Gutierrez, Dresner Corporate Services at (312)780-7204

CCA REPORTS FOURTH QUARTER AND FULL YEAR 2015 FINANCIAL RESULTS

PROVIDES 2016 FULL YEAR EPS GUIDANCE OF $1.76 TO $1.84

AND FFO GUIDANCE OF $2.54 TO $2.62 PER DILUTED SHARE

NASHVILLE, Tenn. – February 10, 2016 – CCA (NYSE: CXW)

(the “Company” or “Corrections Corporation of America”), America’s largest owner of partnership correctional, detention, and re-entry facilities, announced today its financial results for the fourth quarter and full year 2015.

Fourth Quarter 2015 Highlights

 

    Revenue of $447.8 million increased 5.8% from the prior year quarter

 

    Diluted EPS of $0.41 and Adjusted Diluted EPS of $0.43

 

    Normalized FFO per diluted share of $0.63

 

    AFFO per diluted share of $0.58

Full Year 2015 Highlights

 

    Total revenue of $1.79 billion in 2015 versus $1.65 billion in 2014

 

    Diluted EPS of $1.88 in 2015 versus $1.66 in 2014

 

    Adjusted diluted earnings per share of $1.93 in 2015 versus $1.92 in 2014

 

    Normalized FFO per diluted share of $2.69 in 2015 versus $2.65 in 2014

 

    AFFO per diluted share of $2.62 in 2015 versus $2.57 in 2014

“I am pleased to close the year out on such a positive note with normalized FFO per share coming in $0.03 above the upper end of the guidance we provided in November,” said Damon Hininger, CCA’s chief executive officer. “I’m also encouraged by the many ways we’ve been able to help provide solutions to the challenges our government partners faced in 2015. We completed construction on over 6,400 beds at three new facilities, significantly expanded our community-based corrections capabilities through the acquisition of more than 3,700 residential re-entry beds and were awarded a new 1,000-bed contract with the state of Arizona to provide capacity and correctional services such as re-entry programming. Our value proposition is as strong as ever and we continue to see meaningful opportunities to make investments to further align our business with the needs of our government partners.”

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


The following information was filed by Corecivic, Inc. (CXW) on Thursday, February 11, 2016 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.

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Inside Corecivic, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity (parenthetical)
Accounts Payable, Accrued Expenses And Other Long-term Liabilities
Accounts Payable, Accrued Expenses And Other Long-term Liabilities (tables)
Accounts Payable, Accrued Expenses And Other Long-term Liabilities - Additional Information (detail)
Business Combination Purchase Price Allocation (detail)
Business Combinations
Business Combinations (tables)
Business Combinations - Additional Information (detail)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (detail)
Components Of Deferred Tax Assets And Liabilities (detail)
Components Of Income Tax Expense (benefit) (detail)
Condensed Consolidating Balance Sheet (detail)
Condensed Consolidating Financial Statements Of Cca And Subsidiaries
Condensed Consolidating Financial Statements Of Cca And Subsidiaries (tables)
Condensed Consolidating Statement Of Cash Flows (detail)
Condensed Consolidating Statement Of Operations (detail)
Debt
Debt (tables)
Debt - Additional Information (detail)
Declared Common Stock Dividends (detail)
Declared Common Stock Dividends (parenthetical) (detail)
Discontinued Operations
Discontinued Operations (tables)
Discontinued Operations - Additional Information (detail)
Earnings Per Share
Earnings Per Share (tables)
Earnings Per Share - Additional Information (detail)
Goodwill
Goodwill - Additional Information (detail)
Idled Facilities And Respective Carrying Values Excluding Equipment And Other Assets (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Investment In Affiliate
Investment In Affiliate - Additional Information (detail)
Investment In Direct Financing Lease
Investment In Direct Financing Lease (detail)
Investment In Direct Financing Lease (tables)
Investment In Direct Financing Lease - Additional Information (detail)
Organization And Operations
Organization And Operations - Additional Information (detail)
Other Assets
Other Assets (tables)
Other Long Term Liabilities (detail)
Property And Equipment
Property And Equipment (detail)
Property And Equipment (tables)
Property And Equipment - Additional Information (detail)
Real Estate Transactions
Real Estate Transactions (tables)
Real Estate Transactions - Additional Information (detail)
Reconciliation Of Income Tax Provision At Statutory Income Tax Rate And Effective Tax Rate (detail)
Schedule Iii - Real Estate Assets And Accumulated Depreciation
Schedule Iii - Real Estate Assets And Accumulated Depreciation (detail)
Schedule Iii - Real Estate Assets And Accumulated Depreciation (parenthetical) (detail)
Schedule Iii - Real Estate Assets And Accumulated Depreciation Summary Of Transactions (detail)
Schedule Of Accounts Payable And Accrued Expenses (detail)
Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share (detail)
Schedule Of Debt Outstanding (detail)
Schedule Of Debt Outstanding (parenthetical) (detail)
Schedule Of Financial Instruments Having Difference Between Carrying Amount And Fair Value (detail)
Schedule Of Future Minimum Lease Payments (detail)
Schedule Of Other Assets (detail)
Schedule Of Other Assets (parenthetical) (detail)
Schedule Of Principal Payments (detail)
Schedule Of Revenue And Net Operating Income Of Owned And Managed And The Managed-only Facilities And Reconciliation To Cca's Operating Income (detail)
Schedule Of Selected Quarterly Financial Information (detail)
Schedule Of Selected Quarterly Financial Information (parenthetical) (detail)
Schedule Of Total Assets (detail)
Schedule Of Useful Life Of Property And Equipment (detail)
Segment Reporting
Segment Reporting (tables)
Segment Reporting - Additional Information (detail)
Selected Quarterly Financial Information (unaudited)
Selected Quarterly Financial Information (unaudited) (tables)
Stockholders Equity - Additional Information (detail)
Stockholders' Equity
Stockholders' Equity (tables)
Subsequent Events
Subsequent Events - Additional Information (detail)
Summarized Results Of Operations For Discontinued Facilities (detail)
Summary Of Capital Expenditures Including Accrued Amounts (detail)
Summary Of Nonvested Restricted Common Stock Transactions (detail)
Summary Of Nonvested Stock Option Transactions (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)
Summary Of Stock Option Transactions Relating To Non-qualified Stock Option Plans (detail)
Ticker: CXW
CIK: 1070985
Form Type: 10-K Annual Report
Accession Number: 0001193125-16-477634
Submitted to the SEC: Thu Feb 25 2016 12:58:20 PM EST
Accepted by the SEC: Thu Feb 25 2016
Period: Thursday, December 31, 2015
Industry: Real Estate Investment Trusts

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