Company: SABR
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001597033-25-000090
Chunk: 148

Company: Sabre Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 148
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 assets held for sale245,223 235,802 Total assets held for sale$316,058 $290,383 Liabilities:Accounts payable$20,958 $20,687 Other accrued liabilities and accrued compensation13,954 18,609 Deferred revenues17,312 11,911 Current liabilities held for sale52,224 51,207 Other noncurrent liabilities and deferred income taxes14,060 15,989 Long-term liabilities held for sale14,060 15,989 Total liabilities held for sale$66,284 $67,196 The following table presents selected financial information related to cash flows from discontinued operations for the six months ended June 30, 2025 and 2024 (in thousands):Six Months Ended June 30,20252024Cash used in operating activities$(22,616)$(10,103)Cash used in investing activities(1,788)(2,244)Cash used in discontinued operations$(24,404)$(12,347)Non-cash additions to property and equipment$9,313 $— 

4. Redeemable Noncontrolling Interest 

On February 1, 2023, we sold common shares representing a 19% interest in the direct parent of Conferma Limited, our subsidiary that is a virtual payments technology company (“Conferma”), to a third party for cash consideration of $16 million. In connection with the sale, we entered into a governing agreement which requires us under limited conditions to redeem the 19% interest, if requested, for the original purchase price of $16 million. We currently do not believe it is probable that the noncontrolling interest will become redeemable, given the remote likelihood of the applicable conditions being satisfied. As the common shares are redeemable upon the occurrence of conditions not solely within our control, we recorded the noncontrolling interest as redeemable and classified it as temporary equity within our consolidated balance sheet initially at fair value. The noncontrolling interest is adjusted each reporting period for loss or income attributable to the noncontrolling interest. As of June 30, 2025 and 2024, the redeemable noncontrolling interest was $12 million and $14 million, respectively.The following table presents the changes in redeemable noncontrolling interest of a consolidated subsidiary in temporary equity during the period ended June 30, 2025 and 2024 (in thousands):

9

Six Months Ended June 30,