UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED: SEPTEMBER 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 001-16109 CORECIVIC, INC. (Exact name of registrant as specified in its charter) MARYLAND 62-1763875 (State or other jurisdiction of inco ...

CoreCivic Inc (NYSE:CXW) Q2 2020 Results Conference Call August 6, 2020 11:00 AM ET Company Participants Cameron Hopewell - Director of Investor Relations Damon Hininger - President and Chief Executive Officer David Garfinkle - Chief Financial Officer Brian Hammonds - Vice President of Finance Conference Call Participants Joe Gomes - NOBLE Capital Markets Operator Good morning. My name is Casey. And I will be your conference operator today’s call. As a reminder, this call is being recorded. At this time, I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED: JUNE 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 001-16109 CORECIVIC, INC. (Exact name of registrant as specified in its charter) MARYLAND 62-1763875 (State or other jurisdiction of incorpora ...

CoreCivic, Inc. (NYSE:CXW) Q1 2020 Earnings Conference Call May 7, 2020 11:00 AM ET Company Participants Cameron Hopewell - MD, IR Damon Hininger - President, CEO & Director David Garfinkle - EVP & CFO Conference Call Participants Joe Gomes - NOBLE Capital Markets Kenneth Williamson - JPMorgan Asset Management Jordan Sherman - Ranger Global Operator Good morning. My name is Carrie, and I'll be your conference operator today. As a reminder, this call is being recorded. At this time, I would like to welcome y ...

Supplemental Financial Information For the Quarter Ended March 31, 2020 The Company's supplemental financial information and other data presented herein speaks only as of the date or period indicated (or as of the date posted, as the case may be), and the Company does not undertake any obligation, and disclaims any duty, to update any of this information. The Company's future financial performance is subject to various risks and uncertainties that could cause actual results to differ materially from expecta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED: MARCH 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 001-16109 CORECIVIC, INC. (Exact name of registrant as specified in its charter) MARYLAND 62-1763875 (State or other jurisdiction of incorpor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-16109 CORECIVIC, INC. (Exact name of registrant as specified in its charter) MARYLAND 62-1763875 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Id ...

CoreCivic, Inc. (NYSE:CXW) Q4 2019 Earnings Conference Call February 13, 2020 11:00 AM ET Company Participants Cameron Hopewell - MD, IR Damon Hininger - President, CEO & Director David Garfinkle - EVP & CFO Conference Call Participants Joseph Gomes - NOBLE Capital Markets Jordan Sherman - Ranger Global Operator Good morning. My name is Travis, and I will be your conference operator. As a reminder, this call is being recorded. At this time I would like to welcome you to CoreCivic's Fourth Quarter 2019 Earn ...

Supplemental Financial Information For the Quarter Ended September 30, 2019 The Company's supplemental financial information and other data presented herein speaks only as of the date or period indicated (or as of the date posted, as the case may be), and the Company does not undertake any obligation, and disclaims any duty, to update any of this information. The Company's future financial performance is subject to various risks and uncertainties that could cause actual results to differ materially from exp ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2019 was $509 million, a 10% increase from the prior year, marking a record high for quarterly revenue in the company's history [13] - Normalized FFO was $0.70 per share, representing a 21% increase year-over-year, exceeding guidance by $0.08 [16] - AFFO also stood at $0.70 per share, a 30% increase from the previous year, and 9% above the high end of guidance [16] - Adjusted EBITDA for the quarter was $115.4 million, a 16% increase from the prior year, exceeding guidance by nearly $10 million [16][61] - Full-year 2019 normalized FFO guidance was updated to a range of $2.64 to $2.68, reflecting a 15% increase over 2018 [17] Business Segment Data and Key Metrics Changes - CoreCivic Safety segment reported revenue of $458 million, an 8% increase year-over-year, driven by new state and federal contracts [15] - CoreCivic Community segment experienced a 30% year-over-year revenue growth, attributed to recent acquisitions [14] - CoreCivic Property segment saw a 23% year-over-year revenue growth, bolstered by acquisitions including the SSA Baltimore property [14][22] Market Data and Key Metrics Changes - The company has been awarded or activated 11 new contracts since the start of 2018, totaling up to 12,000 beds across 8 facilities [18] - The occupancy rate increased from 80.8% in the prior year quarter to 82.9% in Q3 2019 [64] - The company has 6 idle facilities representing a total idle capacity of 7,482 beds, indicating potential for future contract wins [34] Company Strategy and Development Direction - The company is focused on expanding its market share in the Community segment and pursuing additional acquisitions [35][21] - CoreCivic is positioned to capitalize on new market opportunities, particularly in the Safety segment, with ongoing facility activations expected to contribute to future growth [25] - The company is exploring leasing idle facilities to states to address overcrowding and infrastructure challenges [45] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued demand for their services, noting that no new capacity is being built in the country [94] - The company is monitoring the impact of California's AB32 legislation but believes federal contracts will remain unaffected due to the supremacy clause [49][92] - Management anticipates that the demand for their facilities will remain stable, with a projected population growth of 1% to 3% annually in most states [120] Other Important Information - The company has a strong balance sheet with total debt leverage declining to 3.5 times by Q3 2019 [52] - The quarterly dividend is well covered with an AFFO payout ratio of 66%, significantly below the average REIT payout ratio [55] - The company is actively engaged in discussions for potential new contracts and acquisitions, indicating a proactive approach to growth [77] Q&A Session Summary Question: Is there momentum in other states following California's AB32? - Management indicated no significant momentum in other states, citing the supremacy clause of the Constitution as a barrier to state laws interfering with federal functions [92][93] Question: How vulnerable is the company to sourcing populations from other states? - Management noted that there is no new capacity being built and that their facilities are critical to meeting government needs [94][95] Question: How is the company managing the tight labor market? - Management reported that they are holding their own in the labor market, with federal contracts allowing for wage increases to be reimbursed [97][99] Question: Can you clarify the implications of AB32 on federal contracts? - Management confirmed that federal contracts would continue due to the supremacy clause, allowing for ongoing operations at facilities like Otay Mesa [101][102] Question: What is the potential size of future state contracts? - Management mentioned potential contracts in Idaho and Alabama, with Alabama's opportunity estimated at around 10,000 beds [103][104] Question: Any updates on Puerto Rico? - Management stated they are in constant communication with the government of Puerto Rico, but conditions in facilities continue to worsen [106][107] Question: What could a change in administration mean for the business? - Management outlined that even in a worst-case scenario, the need for capacity remains, and alternatives to their facilities are limited, potentially leading to asset purchases or leases by the government [108][110]