Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 648

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1A
Chunk 648
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 to sell the shares in the future. The fair value of our investment in GBT was based on its share price, a Level 1 input, as the stock is publicly traded on the New York Stock Exchange under the symbol GBTG. In the third quarter of 2024, we sold all 8 million shares of our investment for $55 million and recognized a net gain of $3 million for the year ended December 31, 2024. Unrealized losses recognized from our investments in securities during the years ended December 31, 2023 and 2022 totaled $2 million and $26 million, respectively, which are recorded to Other, net in our consolidated statements of operations.The following tables present our assets (liabilities) that are required to be measured at fair value on a recurring basis as of December 31, 2024 and 2023 (in thousands): Fair Value at Reporting Date UsingAssets:December 31, 2024Level 1Level 2Level 3Money market funds$425,407 $425,407 $— $— Time deposits78,595 — 78,595 — Investment in securities555 555 — — Total assets$504,557 $425,962 $78,595 $— Liabilities:Derivatives(1)Interest rate swap contracts$(2,266)$— $(2,266)$— Total liabilities$(2,266)$— $(2,266)$— ______________________(1) See Note 11. Derivatives for further detail. Fair Value at Reporting Date UsingAssets:December 31, 2023Level 1Level 2Level 3Derivatives(1)Interest rate swap contracts$2,413 $— $2,413 $— Investment in securities51,970 51,970 — — Money market funds261,551 261,551 — — Time deposits177,608 — 177,608 — Total assets$493,542 $313,521 $180,021 $— Liabilities:Derivatives(1)Interest rate swap contracts$(4,129)$— $(4,129)$— Total liabilities$(4,129)$— $(4,129)$— ______________________(1) See Note 11. Derivatives for further detail.There