We continue to benefit from a positive environment where the need for prison beds should exceed supply for the foreseeable future.
– CCA 2005 Annual Report


We believe the issue of border enforcement will be a priority over the next several years, supported by both political parties as evidenced by increased funding on a year-over-year basis to the two agencies primarily responsible for dealing with border enforcement, ICE and the U.S. Marshals Service. We further believe that the private sector will play a major role in assisting these agencies deal with this mandate.
– CCA 2005 Annual Report


We believe we have been successful in increasing the number of residents in our care and continue to pursue a number of initiatives intended to further increase our occupancy and revenue.
– CCA 2010 Annual Report


Any changes with respect to drugs and controlled substances or illegal immigration could affect the number of persons arrested, convicted, and sentenced, thereby potentially reducing demand for correctional facilities to house them.
– CCA 2010 Annual Report


Prison facilities consist primarily of concrete and steel and don’t require the level of capital improvements as many traditional real estate properties. Therefore, prison facilities typically have economic lives much longer than many traditional real estate properties.
– CCA 2013 Annual Letter to Shareholders


We have staff throughout the organization actively engaged in marketing this available capacity [of extra beds] to existing and prospective customers. Historically, we have been successful in substantially filling our inventory of available beds and the beds that we have constructed.
– CCA 2009 Annual Report


Since we are paid on a per diem basis with no minimum guaranteed occupancy under most of our contracts, the loss of such inmates and resulting decrease in occupancy would cause a decrease in our revenues and profitability.
– CCA 2009 Annual Report


For instance, any changes with respect to [laws governing] drugs and controlled substances or illegal immigration could affect the number of persons arrested, convicted, and sentenced, thereby potentially reducing demand for correctional facilities to house them.
– CCA 2009 Annual Report


We believe CCA has additional growth opportunities to expand our real estate portfolio by purchasing correctional and detention facilities from state governments.
– CCA 2012 Annual Letter to Shareholders


A recent study released by the Pew Charitable Trust indicates that one in every 100 U.S. adults are in prison or in jail. With the U.S. population estimated to grow by more than 18.5 million between 2007 and 2015, about 20,000 prisoners per year will be added to the system over the next seven years if historical trends in incarceration rates continue.
– CCA 2008 Annual Report


The President recently signed the Homeland Security Appropriations Bill into law, which included an 11 percent increase for U.S. Customs and Border Protection, adding more border patrol agents and funding for detention beds. We believe these initiatives could lead to meaningful growth to the private corrections industry in general, and to our company in particular.
– CCA 2005 filing


Finally, the Department of Homeland Security has also increased it efforts to secure America’s borders and reduce illegal immigration through its Secure Border Initiative... We believe these initiatives should result in increased demand for detention beds.
– CCA 2006 Annual Report


In January 2007, an organization advocating rights for immigration detainees joined a lawsuit against ICE on behalf of detainees at the San Diego facility charging that detainees are being held in overcrowded and inhumane conditions at the facility. The Company was also named in the complaint. We cannot predict the ultimate outcome of this lawsuit, or the potential impact the lawsuit could have on the number of detainees we house or the revenue we generate at this facility.
– CCA 2006 Annual Report


Further, the use of facilities owned and managed by private operators allows governments to expand correctional capacity without incurring large capital commitments and allows them to avoid long-term pension obligations for their employees.
– CCA 2011 Annual Report


Our competitive cost structure offers prospective customers a compelling option for incarceration.
– CCA 2011 Annual Report