SEGMENT REPORTING

3 Months Ended

Mar. 31, 2024

SEGMENT REPORTING

9.SEGMENT REPORTING

As of March 31, 2024, CoreCivic operated 43 correctional and detention facilities, 39 of which the Company owned. In addition, CoreCivic operated 23 residential reentry centers and owned 6 properties held for lease to government agencies. Management views CoreCivic's operating results in three operating segments, CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. CoreCivic Safety includes the operating results of those correctional and detention facilities placed into service that were owned, or controlled via a long-term lease, and managed by CoreCivic, as well as those correctional and detention facilities owned by a third party and managed by CoreCivic. CoreCivic Safety also includes the operating results of TransCor America, LLC, a subsidiary of the Company that provides transportation services to governmental agencies. CoreCivic Community includes the operating results of those residential reentry centers placed into service that were owned, or controlled via a long-term lease, and managed by CoreCivic. CoreCivic Community also includes the operating results of the Company's electronic monitoring and case management services. CoreCivic Properties includes the operating results of those properties held for lease to government agencies. The operating performance of the three segments can be measured based on their net operating income. CoreCivic defines facility net operating income as a facility's revenues less operating expenses.

The revenue and facility net operating income for each of the three segments and a reconciliation to CoreCivic's income before income taxes is as follows for the three months ended March 31, 2024 and 2023 (in thousands):

	For the Three Months Ended March 31,
	2024			2023
Revenue:
Safety	$	457,746		$	417,650
Community		29,900			26,414
Properties		13,039			13,837
Total segment revenue		500,685			457,901
Operating expenses:
Safety		350,098			328,398
Community		24,144			22,715
Properties		3,835			3,361
Total segment operating expenses		378,077			354,474
Facility net operating income:
Safety		107,648			89,252
Community		5,756			3,699
Properties		9,204			10,476
Total facility net operating income		122,608			103,427
Other revenue (expense):
Other revenue		1			101
Other operating expense		(26	)		(63	)
General and administrative		(36,465	)		(32,679	)
Depreciation and amortization		(31,730	)		(31,042	)
Interest expense, net		(18,613	)		(19,151	)
Expenses associated with debt repayments     and refinancing transactions		(27,242	)		—
Gain on sale of real estate assets, net		568			—
Other expense		(58	)		(47	)
Income before income taxes	$	9,043		$	20,546

The following table summarizes capital expenditures including accrued amounts for the three months ended March 31, 2024 and 2023 (in thousands):

	For the Three Months Ended March 31,
	2024		2023
Capital expenditures:
Safety	$	7,497	$	3,569
Community		1,907		414
Properties		305		48
Corporate and other		908		2,192
Total capital expenditures	$	10,617	$	6,223

The total assets are as follows (in thousands):

	March 31, 2024		December 31, 2023
Assets:
Safety	$	2,235,054	$	2,284,243
Community		204,315		213,145
Properties		396,237		402,889
Corporate and other		191,752		205,122
Total Assets	$	3,027,358	$	3,105,399