2015 Form 10-K Financial Statement

#000119312516477634 Filed on February 25, 2016

View on sec.gov

Income Statement

Concept 2015 2014 Q4 2014 Q3
Revenue $1.756B $423.5M $399.0M
YoY Change 8.87% -1.77% -5.06%
Cost Of Revenue $1.256B $298.4M $282.7M
YoY Change 8.65% -5.75% -6.24%
Gross Profit $537.0M $125.0M $125.8M
YoY Change 9.44% 9.17% 4.83%
Gross Profit Margin 30.59% 29.52% 31.53%
Selling, General & Admin $103.9M $26.80M $27.60M
YoY Change -2.35% 14.53% 16.95%
% of Gross Profit 19.35% 21.44% 21.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $151.5M $28.50M $28.30M
YoY Change 32.99% -3.39% 0.0%
% of Gross Profit 28.21% 22.8% 22.5%
Operating Expenses $1.228B $55.40M $275.1M
YoY Change 8.09% 4.53% -7.67%
Operating Profit $280.6M $41.85M $69.85M
YoY Change 16.75% -25.3% 3.83%
Interest Expense -$49.70M -$10.40M -$10.38M
YoY Change 25.7% 0.97% -199.98%
% of Operating Profit -17.71% -24.85% -14.85%
Other Income/Expense, Net -$50.34M $100.0K -$10.23M
YoY Change 31.33% 0.38%
Pretax Income $230.2M $31.50M $59.62M
YoY Change 13.99% -31.07% 4.45%
Income Tax $8.361M $1.500M $2.071M
% Of Pretax Income 3.63% 4.76% 3.47%
Net Earnings $221.9M $30.01M $57.55M
YoY Change 13.76% -36.79% 11.0%
Net Earnings / Revenue 12.64% 7.09% 14.42%
Basic Earnings Per Share $1.90 $0.26 $0.50
Diluted Earnings Per Share $1.88 $0.25 $0.49
COMMON SHARES
Basic Shares Outstanding 116.9M 116.5M shares 116.4M shares
Diluted Shares Outstanding 117.8M

Balance Sheet

Concept 2015 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $65.30M $74.40M $48.80M
YoY Change -12.23% -4.49% -30.39%
Cash & Equivalents $65.30M $74.39M $48.85M
Short-Term Investments
Other Short-Term Assets $42.30M $29.80M $42.50M
YoY Change 41.95% 44.58% 54.92%
Inventory
Prepaid Expenses
Receivables $234.5M $248.6M $292.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $342.1M $352.8M $383.8M
YoY Change -3.03% 0.01% 18.72%
LONG-TERM ASSETS
Property, Plant & Equipment $2.883B $2.659B $2.614B
YoY Change 8.44% 4.4% 2.64%
Goodwill $16.11M $16.11M
YoY Change 0.0% -6.49%
Intangibles
YoY Change
Long-Term Investments $700.0K $3.200M $3.800M
YoY Change -78.13% -41.82% -36.67%
Other Assets $41.80M $68.54M $75.91M
YoY Change -19.77% -11.93% 15.09%
Total Long-Term Assets $3.014B $2.765B $2.717B
YoY Change 9.01% 4.15% 2.74%
TOTAL ASSETS
Total Short-Term Assets $342.1M $352.8M $383.8M
Total Long-Term Assets $3.014B $2.765B $2.717B
Total Assets $3.356B $3.118B $3.101B
YoY Change 7.65% 3.66% 4.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.70M $49.80M $247.8M
YoY Change 45.98% -14.43% 8.54%
Accrued Expenses $184.9M $197.0M
YoY Change -6.14% 1.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $24.80M $0.00
YoY Change
Total Short-Term Liabilities $324.6M $319.0M $248.7M
YoY Change 1.76% 25.39% 7.98%
LONG-TERM LIABILITIES
Long-Term Debt $1.447B $1.190B $1.240B
YoY Change 21.55% -1.21% 4.64%
Other Long-Term Liabilities $121.6M $39.48M $110.2M
YoY Change -4.03% -13.26% 139.94%
Total Long-Term Liabilities $1.569B $1.230B $1.350B
YoY Change 19.09% -1.65% 9.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $324.6M $319.0M $248.7M
Total Long-Term Liabilities $1.569B $1.230B $1.350B
Total Liabilities $1.893B $1.636B $1.599B
YoY Change 15.72% 8.72% 9.42%
SHAREHOLDERS EQUITY
Retained Earnings -$268.0M -$238.1M
YoY Change 19.62% 10.39%
Common Stock $1.749B $1.740B
YoY Change 1.33% 1.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.463B $1.482B $1.502B
YoY Change
Total Liabilities & Shareholders Equity $3.356B $3.118B $3.101B
YoY Change 7.65% 3.66% 4.48%

Cashflow Statement

Concept 2015 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $221.9M $30.01M $57.55M
YoY Change 13.76% -36.79% 11.0%
Depreciation, Depletion And Amortization $151.5M $28.50M $28.30M
YoY Change 32.99% -3.39% 0.0%
Cash From Operating Activities $399.8M $174.9M $114.8M
YoY Change -5.61% 103.61% 14.0%
INVESTING ACTIVITIES
Capital Expenditures -$224.3M -$56.40M -$30.10M
YoY Change 66.03% 83.71% 59.26%
Acquisitions $158.4M
YoY Change
Other Investing Activities -$185.0M $1.000M -$69.50M
YoY Change 199.35% -108.2% 98.57%
Cash From Investing Activities -$409.3M -$55.40M -$99.60M
YoY Change 107.88% 29.14% 84.79%
FINANCING ACTIVITIES
Cash Dividend Paid $250.7M
YoY Change 7.11%
Common Stock Issuance & Retirement, Net $9.454M
YoY Change 134.24%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities 381.0K -93.90M -13.00M
YoY Change -100.17% 166.01% -10.96%
NET CHANGE
Cash From Operating Activities 399.8M 174.9M 114.8M
Cash From Investing Activities -409.3M -55.40M -99.60M
Cash From Financing Activities 381.0K -93.90M -13.00M
Net Change In Cash -9.102M 25.60M 2.200M
YoY Change 158.14% 232.47% -93.17%
FREE CASH FLOW
Cash From Operating Activities $399.8M $174.9M $114.8M
Capital Expenditures -$224.3M -$56.40M -$30.10M
Free Cash Flow $624.1M $231.3M $144.9M
YoY Change 11.71% 98.37% 21.15%

Facts In Submission

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IncomeTaxesPaid
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StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2014 us-gaap Current State And Local Tax Expense Benefit
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DepreciationAndAmortization
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CY2014 us-gaap Depreciation
Depreciation
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CY2014 us-gaap Depreciation Depletion And Amortization
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113925000
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6943000
CY2014 us-gaap Other Noncash Expense
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CY2014 us-gaap General And Administrative Expense
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CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
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-2280000
CY2014 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
49247000
CY2014 us-gaap Interest Costs Capitalized
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2500000
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CY2014 us-gaap Current Income Tax Expense Benefit
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CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
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12300000
CY2014 us-gaap Amortization Of Financing Costs And Discounts
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3102000
CY2014 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
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79745000
CY2014 us-gaap Costs And Expenses
CostsAndExpenses
1406571000
CY2014 us-gaap Deferred Income Tax Expense Benefit
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-3211000
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
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-3526000
CY2014 us-gaap Increase Decrease In Operating Liabilities
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45929000
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2014 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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CY2014 us-gaap Current Federal Tax Expense Benefit
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9326000
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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-931000
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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665000
CY2014 us-gaap Share Based Compensation
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13975000
CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
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790000
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12450000
CY2014 cxw Payments Received On Direct Financing Lease And Notes Receivable
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1994000
CY2014 cxw Weighted Average Shares And Assumed Conversions Diluted
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117312000 shares
CY2014 cxw Asset Impairment Charges Including Discontinued Operations
AssetImpairmentChargesIncludingDiscontinuedOperations
30082000
CY2014 cxw Percentage Of Fixed Return From Deferred Compensation Plans
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0.056 pure
CY2014 cxw Expenditures For Facility Development And Expansions
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85791000
CY2014 cxw Real Estate Accumulated Depreciation Impairments
RealEstateAccumulatedDepreciationImpairments
19408000
CY2014 cxw Rental And Other Revenues
RentalAndOtherRevenues
34196000
CY2014 cxw Percentage Of Cash Compensation Under Deferred Compensation Plan
PercentageOfCashCompensationUnderDeferredCompensationPlan
0.05 pure
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
85900000
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
136000
CY2015 us-gaap Depreciation And Amortization
DepreciationAndAmortization
151514000
CY2015 us-gaap Operating Expenses
OperatingExpenses
1228080000
CY2015 dei Document Type
DocumentType
10-K
CY2015 dei Trading Symbol
TradingSymbol
CXW
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
6.70
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.004 pure
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8000 shares
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 dei Entity Central Index Key
EntityCentralIndexKey
0001070985
CY2015 dei Document Period End Date
DocumentPeriodEndDate
2015-12-31
CY2015 us-gaap Workers Compensation Discount Percent
WorkersCompensationDiscountPercent
0.030 pure
CY2015 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
131348000
CY2015 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
399798000
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.009 pure
CY2015 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
4000 shares
CY2015 us-gaap Interest Income Expense Nonoperating Net
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-49696000
CY2015 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
95033000
CY2015 us-gaap Depreciation
Depreciation
151400000
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9454000
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151514000
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8361000
CY2015 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"> <b>Concentration of Credit Risks</b></p> <p style="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"> CCA&#x2019;s credit risks relate primarily to cash and cash equivalents, restricted cash, accounts receivable, and an investment in a direct financing lease. Cash and cash equivalents and restricted cash are primarily held in bank accounts and overnight investments. CCA maintains deposits of cash in excess of federally insured limits with certain financial institutions. CCA&#x2019;s accounts receivable and investment in direct financing lease represent amounts due primarily from governmental agencies. CCA&#x2019;s financial instruments are subject to the possibility of loss in carrying value as a result of either the failure of other parties to perform according to their contractual obligations or changes in market prices that make the instruments less valuable.</p> <p style="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"> CCA derives its revenues primarily from amounts earned under federal, state, and local government contracts. For each of the years ended December&#xA0;31, 2015, 2014, and 2013, federal correctional and detention authorities represented 51%, 44%, and 44%, respectively, of CCA&#x2019;s total revenue. Federal correctional and detention authorities consist primarily of the Federal Bureau of Prisons (&#x201C;BOP&#x201D;), the United States Marshals Service (&#x201C;USMS&#x201D;), and ICE. The BOP accounted for 11%, 13%, and 13% of total revenue for 2015, 2014, and 2013, respectively. The USMS accounted for 16%, 17%, and 19% of total revenue for 2015, 2014, and 2013, respectively. ICE accounted for 24%, 13%, and 12% of total revenue for 2015, 2014, and 2013, respectively, with the increase in 2015 resulting from a new contract at the South Texas Family Residential Center, as further described in Note 5. These federal customers have management contracts at facilities CCA owns and at facilities CCA manages but does not own. Additionally, CCA&#x2019;s management contracts with state correctional authorities represented 42%, 48%, and 49% of total revenue during the years ended December&#xA0;31, 2015, 2014, and 2013, respectively. The State of California Department of Corrections and Rehabilitation (the &#x201C;CDCR&#x201D;) accounted for 11%, 14%, and 12% of total revenue for the years ended December&#xA0;31, 2015, 2014, and 2013, respectively, including revenue generated under an operating lease that commenced December&#xA0;1, 2013, at a facility we own in California. No other customer generated more than 10% of total revenue during 2015, 2014, or 2013. Although the revenue generated from each of these agencies is derived from numerous management contracts, the loss of one or more of such contracts could have a material adverse impact on CCA&#x2019;s financial condition and results of operations.</p> </div>
CY2015 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5727000
CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
0.319 pure
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.036 pure
CY2015 us-gaap Net Income Loss
NetIncomeLoss
221854000
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.88
CY2015 us-gaap Interest And Fee Income Loans Lease Financing
InterestAndFeeIncomeLoansLeaseFinancing
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NonoperatingIncomeExpense
-50339000
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PaymentsToAcquireProductiveAssets
415441000
CY2015 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
59414000
CY2015 us-gaap Interest Paid Net
InterestPaidNet
36992000
CY2015 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
34470000
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9454000
CY2015 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
525000
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
9966000
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
14712000
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
6.34
CY2015 dei Amendment Flag
AmendmentFlag
false
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.90
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2015 dei Entity Registrant Name
EntityRegistrantName
CORRECTIONS CORP OF AMERICA
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.90
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"> <b>Use of Estimates in Preparation of Financial Statements</b></p> <p style="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates and those differences could be material.</p> </div>
CY2015 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
CY2015 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
227000 shares
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StockIssuedDuringPeriodValueStockOptionsExercised
7700000
CY2015 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
-3686000
CY2015 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
93900000
CY2015 us-gaap Nature Of Operations
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<div> <table style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><b>1.</b></td> <td align="left" valign="top"><b>ORGANIZATION AND OPERATIONS</b></td> </tr> </table> <p style="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"> Corrections Corporation of America (together with its subsidiaries, the &#x201C;Company&#x201D; or &#x201C;CCA&#x201D;) is the nation&#x2019;s largest owner of privatized correctional and detention facilities and one of the largest prison operators in the United States. As of December&#xA0;31, 2015, CCA owned or controlled 66 correctional and detention facilities, and managed an additional 11 facilities owned by its government partners, with a total design capacity of approximately 88,500 beds in 20 states and the District of Columbia.</p> <p style="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"> CCA is a Real Estate Investment Trust (&#x201C;REIT&#x201D;) specializing in owning, operating and managing prisons and other correctional facilities and providing residential, community re-entry, and prisoner transportation services for governmental agencies. In addition to providing fundamental residential services, CCA&#x2019;s facilities offer a variety of rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. These services are intended to help reduce recidivism and to prepare offenders for their successful re-entry into society upon their release. CCA also provides or makes available to offenders certain health care (including medical, dental and mental health services), food services, and work and recreational programs.</p> <p style="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"> CCA began operating as a REIT for federal income tax purposes effective January&#xA0;1, 2013. The Company provides correctional services and conducts other business activities through taxable REIT subsidiaries (&#x201C;TRSs&#x201D;). A TRS is a subsidiary of a REIT that is subject to applicable corporate income tax and certain qualification requirements. The Company&#x2019;s use of TRSs enables CCA to comply with REIT qualification requirements while providing correctional services at facilities it owns and at facilities owned by its government partners and to engage in certain other business operations. A TRS is not subject to the distribution requirements applicable to REITs so it may retain income generated by its operations for reinvestment.</p> </div>
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.88
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.008 pure
CY2015 us-gaap Revenues
Revenues
1755745000
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-1350000
CY2015 us-gaap Payments Of Dividends
PaymentsOfDividends
250695000
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
543000000
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-126000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
525000
CY2015 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-1266000
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3000
CY2015 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1793087000
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
158366000
CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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682000
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
58000
CY2015 us-gaap Other Noncash Income
OtherNoncashIncome
2639000
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OperatingIncomeLoss
280554000
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IncomeLossFromContinuingOperations
221854000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
230215000
CY2015 us-gaap Repayments Of Long Term Capital Lease Obligations
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6468000
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InterestPaidCapitalized
5478000
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OtherNoncashExpense
3732000
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GeneralAndAdministrativeExpense
103936000
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
5589000
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5500000
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NetCashProvidedByUsedInFinancingActivities
381000
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2655000
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AssetImpairmentCharges
955000
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1256128000
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563000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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7300000
CY2015 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2973000
CY2015 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
113611000
CY2015 us-gaap Costs And Expenses
CostsAndExpenses
1512533000
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5706000
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-9102000
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433481000
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807000000
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ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
500000
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2519000
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
117000
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
525000
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
15394000
CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
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1077000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-409281000
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28048000
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7700000
CY2015 cxw Minimum Distribution Percentage Of Taxable Income To Qualify For Real Estate Investment Trust
MinimumDistributionPercentageOfTaxableIncomeToQualifyForRealEstateInvestmentTrust
0.90 pure
CY2015 cxw Goodwill Recognition Description
GoodwillRecognitionDescription
This goodwill was established in connection with the acquisition of Avalon Correctional Services, Inc. ("Avalon") in the fourth quarter of 2015, as further described in Note 6, the acquisition of Correctional Alternatives, Inc. during the third quarter of 2013, and the acquisitions of two service companies during 2000.
CY2014Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
404222000
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EarningsPerShareBasic
0.48
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EarningsPerShareDiluted
0.48
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SalesRevenueServicesNet
410694000
CY2015 cxw Payments Received On Direct Financing Lease And Notes Receivable
PaymentsReceivedOnDirectFinancingLeaseAndNotesReceivable
2250000
CY2015 cxw Minimum Distribution Percentage Of Taxable Income To Avoid Federal Income Taxes
MinimumDistributionPercentageOfTaxableIncomeToAvoidFederalIncomeTaxes
1.00 pure
CY2015 cxw Percentage Of Likelihood Required For Tax Position To Be Measured
PercentageOfLikelihoodRequiredForTaxPositionToBeMeasured
0.50 pure
CY2015 cxw Effect Of Pending Legal Proceedings On Companys Consolidated Financial Position
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0 LegalMatter
CY2015 cxw Weighted Average Shares And Assumed Conversions Diluted
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117785000 shares
CY2015 cxw Asset Impairment Charges Including Discontinued Operations
AssetImpairmentChargesIncludingDiscontinuedOperations
955000
CY2015 cxw Percentage Of Fixed Return From Deferred Compensation Plans
PercentageOfFixedReturnFromDeferredCompensationPlans
0.056 pure
CY2015 cxw Expenditures For Facility Development And Expansions
ExpendituresForFacilityDevelopmentAndExpansions
164880000
CY2015 cxw Number Of Facilities Subject To Options
NumberOfFacilitiesSubjectToOptions
11 Facility
CY2015 cxw Lease Expiration Year
LeaseExpirationYear
2017
CY2015 cxw Rental And Other Revenues
RentalAndOtherRevenues
37342000
CY2015 cxw Percentage Of Cash Compensation Under Deferred Compensation Plan
PercentageOfCashCompensationUnderDeferredCompensationPlan
0.05 pure
CY2013Q1 cxw Deferred Income Tax Expense Benefit From Revaluation Of Deferred Tax Assets And Liabilities
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137700000
CY2014Q1 us-gaap Earnings Per Share Basic
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0.45
CY2014Q1 us-gaap Earnings Per Share Diluted
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0.44
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
63066000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
51738000
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2015Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
426000000
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68826000
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57277000
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
65535000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
55732000
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2015Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
459295000
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
79753000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
65303000
CY2015 cxw Number Of Corporate Office Buildings
NumberOfCorporateOfficeBuildings
2 Building
CY2015 cxw Percentage Of Senior Notes Offer Price In Connection With Change In Control
PercentageOfSeniorNotesOfferPriceInConnectionWithChangeInControl
1.01 pure
CY2015 cxw Expenses Associated With Debt Refinancing Transactions
ExpensesAssociatedWithDebtRefinancingTransactions
701000
CY2015 cxw Duration Of Management Contract With Agency
DurationOfManagementContractWithAgency
P25Y
CY2015 cxw Percentage Of Senior Notes Offer Price In Connection With Asset Sale
PercentageOfSeniorNotesOfferPriceInConnectionWithAssetSale
1.00 pure
CY2015 cxw Number Of Correctional And Detention Facilities
NumberOfCorrectionalAndDetentionFacilities
66 Facility
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2014Q3 us-gaap Sales Revenue Services Net
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408474000
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69850000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
57546000
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2015Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
459957000
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
65436000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
50676000
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2014Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
423477000
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
41845000
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
30006000
CY2014Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
27800000
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.41
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2015Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
447835000
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
66539000
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
48598000

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