Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 624

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1A
Chunk 624
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 Accrued expenses10,901 10,480 Incentive consideration4,223 2,207 Other1,324 461 Total deferred tax assets850,945 785,391 Deferred tax liabilities:Intangible assets(81,467)(88,608)Non U.S. operations(24,982)(22,763)Right of use assets(14,126)(16,769)Unrealized gains and losses(16,016)(12,647)Investment in partnership(10,345)(10,763)Depreciation and amortization(3,255)(2,970)Bond discounts(2,078)— Total deferred tax liabilities(152,269)(154,520)Valuation allowance(727,805)(651,415)Net deferred tax liability$(29,129)$(20,544)We do not consider undistributed foreign earnings to be indefinitely reinvested as of December 31, 2024, with certain limited exceptions and have not, in those cases, recorded corresponding deferred taxes. We consider the undistributed capital investments in most of our foreign subsidiaries to be indefinitely reinvested as of December 31, 2024 and have not provided deferred taxes on any outside basis differences.As of December 31, 2024, we have U.S. federal NOL carryforwards of approximately $170 million, which primarily have an indefinite carryforward period. Additionally, we have research tax credit carryforwards of approximately $71 million, which will expire between 2027 and 2044. There are no U.S. federal NOLs subject to the annual limit on the ability of a corporation to use certain tax attributes (as defined in Section 382 of the Internal Revenue Code). We have state NOLs of $8 million which will expire primarily between 2025 and 2044 and state research tax credit carryforwards of $21 million which will expire between 2025 and 2042. We have $618 million of non-U.S. NOL carryforwards and $7 million of foreign tax credits related to certain non-U.S. taxing jurisdictions that are primarily from countries with indefinite carryforward periods.We regularly review our deferred tax assets for realizability and a valuation allowance is provided when it is more likely than not that some portion or all of a deferred tax asset will not be realized. The ultimate realization of deferred tax assets is dependent upon future taxable income during the periods in which those temporary differences