Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 411

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1A
Chunk 411
---
 from contract liabilities that existed as of January 1, 2024. Our long-term trade unbilled receivables, net relate to fixed license fees billed over the contractual period and recognized when the customer gains control of the software. During the year ended December 31, 2022, we recorded an impairment of $5 million on our unbilled receivables due to the expected impact of Russian legislation and related regulations enacted during the year on the future recoverability of these assets. We evaluate collectability of our accounts receivable based on a combination of factors and record reserves as described further in Note 9. Credit Losses.RevenueThe following table presents our revenues disaggregated by business (in thousands):Year Ended December 31,202420232022Distribution$2,173,618 $2,057,044 $1,622,545 IT Solutions(1)571,226 585,033 688,730 Total Travel Solutions2,744,844 2,642,077 2,311,275 SynXis Software and Service299,184 275,017 227,301 Other27,635 29,152 27,319 Total Hospitality Solutions326,819 304,169 254,620 Eliminations(42,098)(38,508)(28,880)Total Sabre Revenue$3,029,565 $2,907,738 $2,537,015 _______________________________ (1) Includes license fee revenue recognized upon delivery to the customer of $7 million, $7 million and $6 million for the years ended December 31, 2024, 2023 and 2022, respectively.We may occasionally recognize revenue in the current period for performance obligations partially or fully satisfied in the previous periods resulting from changes in estimates for the transaction price, including any changes to our assessment of whether an estimate of variable consideration is constrained. For the year ended December 31, 2024, the impact on revenue recognized in the current period, from performance obligations partially or fully satisfied in the previous period, is $6 million.  Unearned performance obligations primarily consist of deferred revenue for fixed implementation fees and future product implementations, which are included in deferred revenue and other noncurrent liabilities in our consolidated balance sheet. We have not disclosed the performance obligation related to contracts containing minimum transaction volume, as it represents a subset of our business, and therefore would not be meaningful in understanding the total future revenues expected to