Company: SABR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001597033-25-000061
Chunk: 81

Company: Sabre Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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 of property and equipment(2b)15,171 4,331 211 19,713 Amortization of capitalized implementation costs(2c)3,356 1,468 — 4,824 Acquisition-related amortization(2a)— — 9,622 9,622 Restructuring and other costs(4)— — (5,053)(5,053)Acquisition-related costs(5)— — 250 250 Stock-based compensation— — 13,905 13,905 Equity method income960 — — 960 Operating income (loss)$168,822 $2,472 $(73,209)$98,085 Interest expense, net(124,747)Other, net(3)(4,477)Loss on extinguishment of debt(37,994)Equity method income960 Provision for income taxes(2,932)Loss from continuing operations$(71,105)

The following tables present information from our statements of cash flows and set forth the reconciliation of Free Cash Flow to cash used in operating activities, the most directly comparable GAAP measure (in thousands): Three Months Ended March 31, 20252024Cash used in operating activities$(80,603)$(68,090)Cash used in investing activities(8,250)(27,676)Cash provided by financing activities13,208 77,908 

 Three Months Ended March 31, 20252024Cash used in operating activities$(80,603)$(68,090)Additions to property and equipment(17,891)(27,676)Free Cash Flow$(98,494)$(95,766)

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(1) Net income (loss) attributable to noncontrolling interests represents an adjustment to include earnings allocated to noncontrolling interests held in (i) Sabre Travel Network Middle East of 40%, (ii) Sabre Seyahat Dagitim Sistemleri A.S. of 40%, (iii) Sabre Travel Network Lanka (Pte) Ltd of 40%, (iv) Sabre Bulgaria of 40%, and (v) FERMR Holdings Limited (the direct parent of Conferma Limited) of 19%.

(2) Depreciation and amortization expenses:

(a) Acquisition-related amortization represents amortization of intangible assets from the take-private transaction in 2007 as well as intangibles associated