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CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF CORECIVIC AND SUBSIDIARIES (Tables) | 12 Months Ended
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Dec. 31, 2017
CONDENSED CONSOLIDATING BALANCE SHEET | CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2017 (in thousands)
ASSETS |  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
Cash and cash equivalents |  | $ | 25,745 |  |  | $ | 26,438 |  |  | $ | — |  |  | $ | 52,183 |
Accounts receivable, net of allowance |  |  | 211,673 |  |  |  | 372,755 |  |  |  | (330,240 | ) |  |  | 254,188 |
Prepaid expenses and other current assets |  |  | 1,835 |  |  |  | 24,986 |  |  |  | (5,702 | ) |  |  | 21,119 |
Total current assets |  |  | 239,253 |  |  |  | 424,179 |  |  |  | (335,942 | ) |  |  | 327,490 |
Property and equipment, net |  |  | 2,467,166 |  |  |  | 335,283 |  |  |  | — |  |  |  | 2,802,449 |
Goodwill |  |  | 26,031 |  |  |  | 14,896 |  |  |  | — |  |  |  | 40,927 |
Non-current deferred tax assets |  |  | — |  |  |  | 13,193 |  |  |  | (379 | ) |  |  | 12,814 |
Other assets |  |  | 421,474 |  |  |  | 69,117 |  |  |  | (401,873 | ) |  |  | 88,718 |
Total assets |  | $ | 3,153,924 |  |  | $ | 856,668 |  |  | $ | (738,194 | ) |  | $ | 3,272,398 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 251,011 |  |  | $ | 362,701 |  |  | $ | (335,908 | ) |  | $ | 277,804 |
Income taxes payable |  |  | 1,443 |  |  |  | 1,591 |  |  |  | — |  |  |  | 3,034 |
Current portion of long-term debt |  |  | 10,000 |  |  |  | — |  |  |  | — |  |  |  | 10,000 |
Total current liabilities |  |  | 262,454 |  |  |  | 364,292 |  |  |  | (335,908 | ) |  |  | 290,838 |
Long-term debt, net |  |  | 1,437,982 |  |  |  | 114,205 |  |  |  | (115,000 | ) |  |  | 1,437,187 |
Non-current deferred tax liabilities |  |  | 379 |  |  |  | — |  |  |  | (379 | ) |  |  | — |
Deferred revenue |  |  | — |  |  |  | 39,735 |  |  |  | — |  |  |  | 39,735 |
Other liabilities |  |  | 1,501 |  |  |  | 51,529 |  |  |  | — |  |  |  | 53,030 |
Total liabilities |  |  | 1,702,316 |  |  |  | 569,761 |  |  |  | (451,287 | ) |  |  | 1,820,790 |
Total stockholders' equity |  |  | 1,451,608 |  |  |  | 286,907 |  |  |  | (286,907 | ) |  |  | 1,451,608 |
Total liabilities and stockholders' equity |  | $ | 3,153,924 |  |  | $ | 856,668 |  |  | $ | (738,194 | ) |  | $ | 3,272,398 |
CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2016 (in thousands)
ASSETS |  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
Cash and cash equivalents |  | $ | 11,378 |  |  | $ | 26,333 |  |  | $ | — |  |  | $ | 37,711 |
Accounts receivable, net of allowance |  |  | 237,495 |  |  |  | 270,952 |  |  |  | (278,562 | ) |  |  | 229,885 |
Prepaid expenses and other current assets |  |  | 7,582 |  |  |  | 30,123 |  |  |  | (6,477 | ) |  |  | 31,228 |
Total current assets |  |  | 256,455 |  |  |  | 327,408 |  |  |  | (285,039 | ) |  |  | 298,824 |
Property and equipment, net |  |  | 2,493,025 |  |  |  | 344,632 |  |  |  | — |  |  |  | 2,837,657 |
Goodwill |  |  | 23,231 |  |  |  | 15,155 |  |  |  | — |  |  |  | 38,386 |
Non-current deferred tax assets |  |  | — |  |  |  | 14,056 |  |  |  | (321 | ) |  |  | 13,735 |
Other assets |  |  | 339,391 |  |  |  | 57,873 |  |  |  | (314,262 | ) |  |  | 83,002 |
Total assets |  | $ | 3,112,102 |  |  | $ | 759,124 |  |  | $ | (599,622 | ) |  | $ | 3,271,604 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 203,074 |  |  | $ | 342,072 |  |  | $ | (285,039 | ) |  | $ | 260,107 |
Income taxes payable |  |  | 1,850 |  |  |  | 236 |  |  |  | — |  |  |  | 2,086 |
Current portion of long-term debt |  |  | 10,000 |  |  |  | — |  |  |  | — |  |  |  | 10,000 |
Total current liabilities |  |  | 214,924 |  |  |  | 342,308 |  |  |  | (285,039 | ) |  |  | 272,193 |
Long-term debt, net |  |  | 1,436,186 |  |  |  | 113,983 |  |  |  | (115,000 | ) |  |  | 1,435,169 |
Non-current deferred tax liabilities |  |  | 321 |  |  |  | — |  |  |  | (321 | ) |  |  | — |
Deferred revenue |  |  | — |  |  |  | 53,437 |  |  |  | — |  |  |  | 53,437 |
Other liabilities |  |  | 1,708 |  |  |  | 50,134 |  |  |  | — |  |  |  | 51,842 |
Total liabilities |  |  | 1,653,139 |  |  |  | 559,862 |  |  |  | (400,360 | ) |  |  | 1,812,641 |
Total stockholders' equity |  |  | 1,458,963 |  |  |  | 199,262 |  |  |  | (199,262 | ) |  |  | 1,458,963 |
Total liabilities and stockholders' equity |  | $ | 3,112,102 |  |  | $ | 759,124 |  |  | $ | (599,622 | ) |  | $ | 3,271,604 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the year ended December 31, 2017 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 1,194,690 |  |  | $ | 1,454,194 |  |  | $ | (883,386 | ) |  | $ | 1,765,498 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 914,443 |  |  |  | 1,218,480 |  |  |  | (883,386 | ) |  |  | 1,249,537 |
General and administrative |  |  | 36,964 |  |  |  | 70,858 |  |  |  | — |  |  |  | 107,822 |
Depreciation and amortization |  |  | 87,694 |  |  |  | 59,435 |  |  |  | — |  |  |  | 147,129 |
Asset impairments |  |  | 300 |  |  |  | 314 |  |  |  | — |  |  |  | 614 |
|  |  | 1,039,401 |  |  |  | 1,349,087 |  |  |  | (883,386 | ) |  |  | 1,505,102 |
OPERATING INCOME |  |  | 155,289 |  |  |  | 105,107 |  |  |  | — |  |  |  | 260,396 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 56,712 |  |  |  | 11,823 |  |  |  | — |  |  |  | 68,535 |
Other (income) expense |  |  | (255 | ) |  |  | 103 |  |  |  | 62 |  |  |  | (90 | )
|  |  | 56,457 |  |  |  | 11,926 |  |  |  | 62 |  |  |  | 68,445 |
INCOME BEFORE INCOME TAXES |  |  | 98,832 |  |  |  | 93,181 |  |  |  | (62 | ) |  |  | 191,951 |
Income tax expense |  |  | (1,765 | ) |  |  | (12,146 | ) |  |  | — |  |  |  | (13,911 | )
INCOME BEFORE EQUITY IN SUBSIDIARIES |  |  | 97,067 |  |  |  | 81,035 |  |  |  | (62 | ) |  |  | 178,040 |
Income from equity in subsidiaries |  |  | 80,973 |  |  |  | — |  |  |  | (80,973 | ) |  |  | — |
NET INCOME |  | $ | 178,040 |  |  | $ | 81,035 |  |  | $ | (81,035 | ) |  | $ | 178,040 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the year ended December 31, 2016 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 1,182,765 |  |  | $ | 1,542,231 |  |  | $ | (875,211 | ) |  | $ | 1,849,785 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 904,750 |  |  |  | 1,246,047 |  |  |  | (875,211 | ) |  |  | 1,275,586 |
General and administrative |  |  | 35,440 |  |  |  | 71,587 |  |  |  | — |  |  |  | 107,027 |
Depreciation and amortization |  |  | 84,842 |  |  |  | 81,904 |  |  |  | — |  |  |  | 166,746 |
Restructuring charges |  |  | 197 |  |  |  | 3,813 |  |  |  | — |  |  |  | 4,010 |
|  |  | 1,025,229 |  |  |  | 1,403,351 |  |  |  | (875,211 | ) |  |  | 1,553,369 |
OPERATING INCOME |  |  | 157,536 |  |  |  | 138,880 |  |  |  | — |  |  |  | 296,416 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 51,928 |  |  |  | 15,827 |  |  |  | — |  |  |  | 67,755 |
Other (income) expense |  |  | 995 |  |  |  | (548 | ) |  |  | 42 |  |  |  | 489 |
|  |  | 52,923 |  |  |  | 15,279 |  |  |  | 42 |  |  |  | 68,244 |
INCOME BEFORE INCOME TAXES |  |  | 104,613 |  |  |  | 123,601 |  |  |  | (42 | ) |  |  | 228,172 |
Income tax expense |  |  | (1,896 | ) |  |  | (6,357 | ) |  |  | — |  |  |  | (8,253 | )
INCOME BEFORE EQUITY IN SUBSIDIARIES |  |  | 102,717 |  |  |  | 117,244 |  |  |  | (42 | ) |  |  | 219,919 |
Income from equity in subsidiaries |  |  | 117,202 |  |  |  | — |  |  |  | (117,202 | ) |  |  | — |
NET INCOME |  | $ | 219,919 |  |  | $ | 117,244 |  |  | $ | (117,244 | ) |  | $ | 219,919 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the year ended December 31, 2015 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 1,184,878 |  |  | $ | 1,469,105 |  |  | $ | (860,896 | ) |  | $ | 1,793,087 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 889,203 |  |  |  | 1,227,821 |  |  |  | (860,896 | ) |  |  | 1,256,128 |
General and administrative |  |  | 33,248 |  |  |  | 70,688 |  |  |  | — |  |  |  | 103,936 |
Depreciation and amortization |  |  | 82,745 |  |  |  | 68,769 |  |  |  | — |  |  |  | 151,514 |
Asset impairments |  |  | — |  |  |  | 955 |  |  |  | — |  |  |  | 955 |
|  |  | 1,005,196 |  |  |  | 1,368,233 |  |  |  | (860,896 | ) |  |  | 1,512,533 |
OPERATING INCOME |  |  | 179,682 |  |  |  | 100,872 |  |  |  | — |  |  |  | 280,554 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 35,919 |  |  |  | 13,777 |  |  |  | — |  |  |  | 49,696 |
Expenses associated with debt refinancing transactions |  |  | 701 |  |  |  | — |  |  |  | — |  |  |  | 701 |
Other (income) expense |  |  | 232 |  |  |  | (414 | ) |  |  | 124 |  |  |  | (58 | )
|  |  | 36,852 |  |  |  | 13,363 |  |  |  | 124 |  |  |  | 50,339 |
INCOME BEFORE INCOME TAXES |  |  | 142,830 |  |  |  | 87,509 |  |  |  | (124 | ) |  |  | 230,215 |
Income tax expense |  |  | (1,541 | ) |  |  | (6,820 | ) |  |  | — |  |  |  | (8,361 | )
INCOME BEFORE EQUITY IN SUBSIDIARIES |  |  | 141,289 |  |  |  | 80,689 |  |  |  | (124 | ) |  |  | 221,854 |
Income from equity in subsidiaries |  |  | 80,565 |  |  |  | — |  |  |  | (80,565 | ) |  |  | — |
NET INCOME |  | $ | 221,854 |  |  | $ | 80,689 |  |  | $ | (80,689 | ) |  | $ | 221,854 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the year ended December 31, 2017 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments And Other |  |  | Total Consolidated Amounts |
Net cash provided by operating activities |  | $ | 276,055 |  |  | $ | 65,270 |  |  | $ | — |  |  | $ | 341,325 |
Net cash used in investing activities |  |  | (55,242 | ) |  |  | (69,320 | ) |  |  | — |  |  |  | (124,562 | )
Net cash provided by (used in) financing activities |  |  | (206,446 | ) |  |  | 4,155 |  |  |  | — |  |  |  | (202,291 | )
Net increase in cash and cash equivalents |  |  | 14,367 |  |  |  | 105 |  |  |  | — |  |  |  | 14,472 |
CASH AND CASH EQUIVALENTS, beginning of year |  |  | 11,378 |  |  |  | 26,333 |  |  |  | — |  |  |  | 37,711 |
CASH AND CASH EQUIVALENTS, end of year |  | $ | 25,745 |  |  | $ | 26,438 |  |  | $ | — |  |  |  | 52,183 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the year ended December 31, 2016 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments And Other |  |  | Total Consolidated Amounts |
Net cash provided by operating activities |  | $ | 295,366 |  |  | $ | 80,007 |  |  | $ | — |  |  | $ | 375,373 |
Net cash used in investing activities |  |  | (19,317 | ) |  |  | (69,571 | ) |  |  | (33,300 | ) |  |  | (122,188 | )
Net cash provided by (used in) financing activities |  |  | (280,337 | ) |  |  | (33,728 | ) |  |  | 33,300 |  |  |  | (280,765 | )
Net decrease in cash and cash equivalents |  |  | (4,288 | ) |  |  | (23,292 | ) |  |  | — |  |  |  | (27,580 | )
CASH AND CASH EQUIVALENTS, beginning of year |  |  | 15,666 |  |  |  | 49,625 |  |  |  | — |  |  |  | 65,291 |
CASH AND CASH EQUIVALENTS, end of year |  | $ | 11,378 |  |  | $ | 26,333 |  |  | $ | — |  |  | $ | 37,711 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the year ended December 31, 2015 (in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments And Other |  |  | Total Consolidated Amounts |
Net cash provided by operating activities |  | $ | 102,371 |  |  | $ | 297,427 |  |  | $ | — |  |  | $ | 399,798 |
Net cash used in investing activities |  |  | (93,891 | ) |  |  | (212,215 | ) |  |  | (103,175 | ) |  |  | (409,281 | )
Net cash provided by (used in) financing activities |  |  | (5,151 | ) |  |  | (97,643 | ) |  |  | 103,175 |  |  |  | 381 |
Net (decrease) increase in cash and cash equivalents |  |  | 3,329 |  |  |  | (12,431 | ) |  |  | — |  |  |  | (9,102 | )
CASH AND CASH EQUIVALENTS, beginning of year |  |  | 12,337 |  |  |  | 62,056 |  |  |  | — |  |  |  | 74,393 |
CASH AND CASH EQUIVALENTS, end of year |  | $ | 15,666 |  |  | $ | 49,625 |  |  | $ | — |  |  | $ | 65,291 |

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