Supplemental Financial Information For the Quarter Ended September - PowerPoint PPT Presentation

Supplemental Financial Information For the Quarter Ended September 30, 2016 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 expectations. The factors that could affect the Company's future financial results are discussed more fully in our reports filed with the SEC. Readers are advised to refer to these reports for additional information concerning the Company. Readers are also advised that the Company’s historical performance may not be indicative of future results. In addition, the information contained herein does not constitute an offer to sell or a solicitation to buy any of the Company’s securities.

CoreCivic, Inc. Supplemental Financial Information For the Quarter Ended September 30, 2016 TABLE OF CONTENTS Financial Highlights & 2016 & 2017 Guidance Summary 1 Consolidated Balance Sheets 2 Consolidated Statements of Operations 3 Reconciliation of Basic to Diluted Earnings Per Share 4 Calculation of Adjusted Diluted Earnings Per Share 5 Funds From Operations 6 Selected Financial Information 7 Segregated Data 9 Analysis of Outstanding Debt 10 Selected Operating Ratios 11 Partner Information 12 Facility Portfolio 13 Research Coverage / Credit Ratings 19 Damon T. Hininger, President and Chief Executive Officer David M. Garfinkle, Chief Financial Officer 10 Burton Hills Boulevard Nashville, TN 37215 Tel.: (615) 263-3000 Fax: (615) 263-3010

1 of 19 FINANCIAL HIGHLIGHTS (Unaudited and amounts in thousands, except per share amounts) For the Three Months Ended For the Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Adjusted Diluted EPS $ 0.49 $ 0.45 $ 1.38 $ 1.50 Normalized FFO Per Share $ 0.69 $ 0.64 $ 1.98 $ 2.06 AFFO Per Share $ 0.68 $ 0.63 $ 1.94 $ 2.04 Debt Leverage 3.3x 3.3x 3.4x 3.1x Fixed Charge Coverage Ratio 6.9x 8.9x 6.7x 9.3x GUIDANCE SUMMARY (Unaudited and amounts in thousands, except per share amounts) Q4 2016 Full Year 2016 Full Year 2017 Low-End High-End Low-End High-End Low-End High-End Net income $ 49,000 $ 50,000 $ 208,205 $ 209,205 $ 164,000 $ 176,000 Expenses associated with mergers and acquisitions 400 400 2,000 2,000 2,000 2,000 Gain on settlement of contingent consideration - - (2,000) (2,000) - - Restructuring charges - - 4,010 4,010 - - Income tax benefit for special items - - (215) (215) - - Adjusted net income $ 49,400 $ 50,400 $ 212,000 $ 213,000 $ 166,000 $ 178,000 Net income $ 49,000 $ 50,000 $ 208,205 $ 209,205 $ 164,000 $ 176,000 Depreciation of real estate assets 23,000 23,000 93,500 93,500 90,500 90,500 Funds From Operations $ 72,000 $ 73,000 $ 301,705 $ 302,705 $ 254,500 $ 266,500 Expenses associated with mergers and acquisitions 400 400 2,000 2,000 2,000 2,000 Gain on settlement of contingent consideration - - (2,000) (2,000) - - Restructuring charges - - 4,010 4,010 - - Income tax benefit for special items - - (215) (215) - - Normalized Funds From Operations $ 72,400 $ 73,400 $ 305,500 $ 306,500 $ 256,500 $ 268,500 Maintenance capital expenditures on real estate assets (10,500) (10,500) (27,000) (27,000) (26,000) (26,000) Stock-based compensation and non-cash interest 4,000 4,000 16,500 16,500 15,500 15,500 Other non-cash revenue and expenses (1,000) (1,000) (1,500) (1,500) (500) (500) Adjusted Funds from Operations $ 64,900 $ 65,900 $ 293,500 $ 294,500 $ 245,500 $ 257,500 Diluted EPS $ 0.42 $ 0.42 $ 1.76 $ 1.77 $ 1.38 $ 1.49 Adjusted EPS $ 0.42 $ 0.43 $ 1.80 $ 1.81 $ 1.40 $ 1.50 FFO per diluted share $ 0.61 $ 0.62 $ 2.56 $ 2.57 $ 2.15 $ 2.25 Normalized FFO per diluted share $ 0.61 $ 0.62 $ 2.59 $ 2.60 $ 2.16 $ 2.27 Adjusted Funds from Operations per diluted share $ 0.55 $ 0.56 $ 2.49 $ 2.50 $ 2.07 $ 2.17 Net income $ 49,000 $ 50,000 $ 208,205 $ 209,205 $ 164,000 $ 176,000 Interest expense 16,000 16,500 67,000 67,500 64,000 67,000 Depreciation and amortization 40,000 40,000 167,500 167,500 148,000 148,000 Income tax expense 3,500 3,500 8,785 9,285 13,500 14,500 EBITDA $ 108,500 $ 110,000 $ 451,490 $ 453,490 $ 389,500 $ 405,500 Expenses associated with mergers and acquisitions 400 400 2,000 2,000 2,000 2,000 Gain on settlement of contingent consideration - - (2,000) (2,000) - - Restructuring charges - - 4,010 4,010 - - Depreciation associated with STFRC lease (6,700) (6,700) (38,600) (38,600) (16,600) (16,600) Interest expense associated with STFRC lease (1,800) (1,800) (9,900) (9,900) (6,400) (6,400) Adjusted EBITDA $ 100,400 $ 101,900 $ 407,000 $ 409,000 $ 368,500 $ 384,500 Capital Expenditures Prison construction & land acquisitions $ 48.0 $ 53.0 Maintenance on real estate assets 27.0 27.0 Information technology and other assets 29.0 34.0 Total capital expenditures $ 104.0 $ 114.0

2 of 19 CONSOLIDATED BALANCE SHEETS (Unaudited and amounts in thousands, except per share amounts) September 30, June 30, March 31, December 31, September 30, ASSETS 2016 2016 2016 2015 2015 Cash and cash equivalents $ 42,731 $ 70,843 $ 54,816 $ 65,291 $ 78,402 Restricted cash - - - 877 985 Accounts receivable, net of allowance 222,420 221,427 208,304 234,456 250,537 Prepaid expenses and other current assets 32,742 32,995 28,641 41,434 36,233 Total current assets 297,893 325,265 291,761 342,058 366,157 Property and equipment, net 2,850,219 2,870,150 2,854,109 2,883,060 2,772,743 Restricted cash 218 218 218 131 122 Investment in direct financing lease - - - 684 1,348 Goodwill 38,386 38,415 35,001 35,557 15,155 Non-current deferred tax assets 11,973 7,774 8,949 9,824 14,287 Other assets 86,823 85,928 83,766 84,704 68,900 Total assets $ 3,285,512 $ 3,327,750 $ 3,273,804 $ 3,356,018 $ 3,238,712 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable and accrued expenses $ 329,446 $ 332,859 $ 308,576 $ 317,675 $ 322,271 Income taxes payable 1,627 1,139 2,421 1,920 1,483 Current portion of long-term debt 8,750 7,500 6,250 5,000 - Total current liabilities 339,823 341,498 317,247 324,595 323,754 Long-term debt, net 1,420,155 1,448,142 1,400,128 1,447,077 1,308,080 Deferred revenue 36,257 45,608 54,641 63,289 72,722 Other liabilities 45,084 47,875 55,332 58,309 60,275 Total liabilities 1,841,319 1,883,123 1,827,348 1,893,270 1,764,831 Commitments and contingencies Common stock - $0.01 par value 1,176 1,175 1,175 1,172 1,172 Additional paid-in capital 1,776,504 1,768,321 1,763,685 1,762,394 1,758,386 Accumulated deficit (333,487) (324,869) (318,404) (300,818) (285,677) Total stockholders' equity 1,444,193 1,444,627 1,446,456 1,462,748 1,473,881 Total liabilities and stockholders' equity $ 3,285,512 $ 3,327,750 $ 3,273,804 $ 3,356,018 $ 3,238,712

3 of 19 CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited and amounts in thousands, except per share amounts) For the Three Months Ended For the Nine Months Ended September 30, September 30, 2016 2015 2016 2015 REVENUE: Owned & controlled properties $ 422,089 $ 404,200 $ 1,230,418 $ 1,180,567 Managed only and other 52,846 55,757 155,233 164,685 Total revenue 474,935 459,957 1,385,651 1,345,252 EXPENSES: Operating: Owned & controlled properties 275,539 272,330 809,094 786,332 Managed only and other 50,810 54,170 147,619 158,865 Total operating expenses 326,349 326,500 956,713 945,197 General and administrative 27,699 26,791 81,543 76,770 Depreciation and amortization 42,924 41,230 127,328 108,315 Restructuring charges 4,010 - 4,010 - Asset impairments - - - 955 400,982 394,521 1,169,594 1,131,237 OPERATING INCOME 73,953 65,436 216,057 214,015 OTHER (INCOME) EXPENSE: Interest expense, net 16,937 11,764 51,277 33,715 Expenses associated with debt refinancing transactions - 701 - 701 Other (income) expense 54 (363) 103 (353) 16,991 12,102 51,380 34,063 INCOME BEFORE INCOME TAXES 56,962 53,334 164,677 179,952 Income tax expense (1,622) (2,658) (5,447) (6,696) NET INCOME $ 55,340 $ 50,676 $ 159,230 $ 173,256 BASIC EARNINGS PER SHARE $ 0.47 $ 0.43 $ 1.36 $ 1.48 DILUTED EARNINGS PER SHARE $ 0.47 $ 0.43 $ 1.35 $ 1.47