Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 230

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 230
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 the components of lease expense for the years ended December 31, 2024 and 2023 (in thousands): Year Ended December 31,20242023Operating lease cost$16,826 $17,502 The following table presents supplemental cash flow information related to leases (in thousands):Year Ended December 31,20242023Supplemental Cash Flow InformationCash paid for amounts included in the measurement of lease liabilities:Operating cash flows used in operating leases$17,486 $16,715 Right-of-use assets obtained in exchange for lease obligations:Operating leases$9,769 $1,221 The following table presents supplemental balance sheet information related to leases (in thousands):December 31,20242023Operating LeasesOperating lease right-of-use assets$67,327 $69,895 Other accrued liabilities15,669 16,123 Other noncurrent liabilities52,624 56,277 Total operating lease liabilities$68,293 $72,400 The following table presents other supplemental information related to leases:December 31,20242023Weighted Average Remaining Lease Term (in years)Operating leases6.17.0Weighted Average Discount RateOperating leases7.4 %6.9 %Lease CommitmentsWe lease certain facilities under long term operating leases. Collectively, we lease approximately 800 thousand square feet of office space in 56 locations in 38 countries. Certain of our lease agreements contain renewal options, early termination options and/or payment escalations based on fixed annual increases, local consumer price index changes or market rental 

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reviews. We recognize rent expense with fixed rate increases and/or fixed rent reductions on a straight line basis over the term of the lease.Our leases have remaining minimum terms that range between one and eight years. Some of our leases include options to extend for up to ten additional years; others include options to terminate the agreement within three months. Future minimum lease payments under non-cancellable operating leases as of December 31, 2024 are as follows (in thousands):Year Ending December 31,Operating Leases2025$16,748 202615,456 202711,880 202812,209 202911,875 Thereafter18,894 Total87,062 Imputed Interest(18,769)Total$68,293 

 14. Stock and Stockholders’ Equity 

Preferred StockOn August 24, 2020, we completed an offering of