CoreCivic Lease Agreements and ESG Strategy
Pro Forma Projections
Operational Cash Flows
1-Jan-2024
31-Dec-2024
FY 2024
1-Jan-2025
31-Dec-2025
FY 2025
1-Jan-2026 1-Jan-2027 1-Jan-2028
31-Dec-2026
31-Dec-2028
FY 2026
FY 2028
31-Dec-2027
FY 2027
1-Jan-2029 1-Jan-2030
31-Dec-2029
1-Jan-2031 1-Jan-2032
31-Dec-2030
31-Dec-2031
31-Dec-2032
1-Jan-2033 1-Jan-2034
31-Dec-2033
31-Dec-2034
1-Jan-2044
31-Dec-2044
1-Jan-2054
31-Dec-2054
FY 2029
FY 2030
FY 2031
FY 2032
FY 2033
FY 2034
FY 2044
FY 2054
Maximum Annual Lease Payment - Indexed¹
4,130
15,221
15,525
15,836
Maximum Annual Lease Payment - Fixed
16,519
60,682
60,682
60,682
16,153
60,682
16,476
16,805
17,141
17,484
17,834
18,190
22,174
22,450
60,682
60,682
60,682
60,682
60,682
60,682
60,682
50,568
Interest Income
4
22
29
30
30
30
29
31
33
35
39
56
7
Total Revenue
20,653
75,925
76,236
76,547
76,865
77,187
77,516
77,854
78,198
78,551
78,911
82,912
73,026
Elmore County Facility - Routine Maintenance cost²
(885)
(3,497)
(3,500)
(3,572)
(3,703)
(3,780)
(3,830)
(3,943)
(4,020)
(4,279)
(4,603)
(5,787)
(3,946)
Escambia County Facility - Routine Maintenance cost²
(700)
(2,803)
(2,766)
(2,843)
(2,910)
(3,050)
(3,013)
(3,133)
(3,176)
(3,326)
(3,625)
(4,563)
(4,687)
Elmore County Facility - Lifecycle costs²
(23)
(84)
(76)
(143)
(663)
(857)
(343)
(468)
(616)
(2,027)
(3,020)
(7,779)
(1,532)
Escambia County Facility - Lifecycle costs²
(9)
(39)
(40)
(61)
(276)
(669)
(338)
(155)
(473)
(1,005)
(2,462)
(5,109)
(1,269)
Reserve Movements
SPV & Insurance Costs²
Bank fees
Total Expenses
(14)
(294)
(767)
(843)
(11)
730
(891)
(2,556)
(3,474)
(5,104)
(8,093)
(7,949)
2,376
(282)
(1,144)
(1,166)
(1,190)
(1,213)
(1,238)
(1,263)
(1,288)
(1,313)
(1,340)
(1,367)
(1,664)
(1,221)
(167)
(675)
(689)
(702)
(716)
(731)
(745)
(760)
(775)
(791)
(807)
(982)
(396)
(2,081)
(8,535)
(9,004)
(9,355)
(9,492)
(9,595)
(10,422)
(12,304)
(13,846)
(17,871)
(23,977)
(33,833)
(10,675)
Annual Debt Service
DSCR Periodic (Annual)
Notes:
(8,838)
(40,540)
(56,027)
(55,994)
(56,144)
(56,327)
(55,912)
(54,625)
(53,627)
(50,566)
(45,778)
(40,899)
(20,085)
2.101x
1.662x
1.200x
1.200x
1.200x
1.200x
1.200x
1.200x
1.200x
1.200x
1.200x
1.200x
3.104x
'The Indexed portion assumed to grow at annual CPI of 2.00% over the lease term.
2
Costs assumed to grow at annual CPI of 2.00% over the lease term.
**Totals may differ due to rounding
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