Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 203

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 203
---
  Tax loss carryforwards$440,187 $400,634 Software developed for internal use198,354 139,722 Tax credit carryforwards96,135 90,674 Employee benefits other than pension31,874 38,221 Deferred revenue27,320 36,714 Bond discounts— 18,132 Lease liabilities14,803 16,756 Pension obligations11,087 16,688 Suspended loss14,737 14,702 Accrued expenses10,901 10,480 Incentive consideration4,223 2,207 Other1,324 461 Total deferred tax assets850,945 785,391 Deferred tax liabilities:Intangible assets(81,467)(88,608)Non U.S. operations(24,982)(22,763)Right of use assets(14,126)(16,769)Unrealized gains and losses(16,016)(12,647)Investment in partnership(10,345)(10,763)Depreciation and amortization(3,255)(2,970)Bond discounts(2,078)— Total deferred tax liabilities(152,269)(154,520)Valuation allowance(727,805)(651,415)Net deferred tax liability$(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